This is the the Bullish Gartley pattern (Pre-Prediction Area)

NSE:NIFTY   Nifty 50 Index
This is the the Bullish Gartley pattern which was pre-predicted retracement of D point of XA retracement.

  • The Probability Reversal Area at 11736 (current market price 11840) which is 100 points far from now.

The overlapping of the AB=CD and this is a nice structure with ideal alignment of harmonic numbers on 15min chart. After failing this pattern will be expectation of fall.

I prefer to wait and watch for the range of Probability Reversal Area.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.