Below 116.50 - it could fall to the support of 114.50-115 - If holds shown by small red arrow & later getting support of red trendline & gartley last leg attraction can push the structure to 128-130 zone as the possible target zone which can be seen in coming weeks & months.
We need to see support coming in 114-115 zone for the last leg to push up & kiss the desired zone as expected above.
Let us wait & see whether this Trendline & Gartley last leg can unite to form this federal structure desired by the bulls for so many months. Once this structure completes & it faces resistance in 128-130 zone. You all know what structure it could be? don't you - It is bearish gartley - simple.
Bearish Gartley- what will you do - Please tell your answer in comments.
Have a nice weekend.
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24th July 2017
Correction - Pattern is not gartley - It is bearish crab pattern
Last 117.70 Call is not active yet. It activates below 116.50 for short term down till 114.50-115 - if holds then we plan to buy for last leg attraction.
Trade active
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13:39 Hrs 24th July2017
Last Price@117.95
Pattern is just for reference & why it is not valid - a colleague asked me a question in comment. kindly read harmonics & various types name changed from gartley ( correction as suggested above) - It is crab pattern - so what Haven't I given the execution level- Yes Bearish Gartley was suppose to complete in 128-130 zone Are we at that level- No
Please read how to execute the trade & do not become bias with patterns. Patterns keep changing - Execution is fixed
Please read how to execute the trade & when to execute.
Yes -there is a correction in pattern name - instead of gartley it is crab - so what - I have changed the name- did it make any change -no Because that pattern completes in 128-130 Zone.
Trade active
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10:35 Hrs 25th July2017
Last Price@117.90
Opened at 117.40
Yesterday went close to 116.50 at 116.70 odd levels & opened at 117.40 looks like a small pop up in the zone 119.119.50 so we shall be looking some resistance in that zone but surely safe call is below 116.50 short term downside to 114.50-115 zone.
@AbhishekHSinghCMT, iam long from 117.5 sl with 116.4 will go short at sl also
WaveTalks
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@SatyamMishra, Market never moves in one direction unfortunately - in morning it moved up to 119-119.50 zone - I was expecting & also update to be careful - it has already turned from 119.05 highs of the day.
SatyamMishra
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@AbhishekHSinghCMT, long from here
NamantSatiya
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NamantSatiya
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@NamantSatiya, Looking like an ascending triangle, expecting it take support at 114levels and then give a breakout.
@AbhishekHSinghCMT, both patterns(yours and mine)look bullish,and take support at 114 levels. Should definitely be a good buy if 114-115 is sustained. Favourable risk to reward ratio also.