I've observed a Bearish Gartley Pattern which seems to have started working. One can try a short trade by providing the high of today as stop loss. Honestly speaking I am not an expert on Harmonic trading. I knew the concept but never experimented with it. Restarting it with paper trading. Experts are welcomed to add their comments. Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
@ntnsharma122, The three drives pattern is a reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension.
It can signal that the market is exhausted in its current move and a possible reversal is about to occur on the price chart. For example
praveen.bhatiya
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@ntnsharma122, Just forgot to mention in my reply that symmetry of the drives are very important. Hope it helps.
NI3_SHARMA
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@Praveen.bhatiya, Yes , got your point .... Thank you for the information .... :)
Happy to see a HEALTHY COMMUNITY @ tradingview
praveen.bhatiya
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@ntnsharma122, Yes a good platform to learn and grow together.
capsule91
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perfect find sir..! also the reversal points and the take profit point coincides with monthly resistance and pivot...