Part : 3 Crab or Gartley on Reliance (Harmonic)

Oct 31, 2020

Howdy Traders ,
Exactly 61.8% retracement of XA leg which required for two pattern - 1 Gartley and, 2. Crab.

For the Gartley pattern, The price should respect of X but here price already fallen 1.13 which is not suit for Garley.

There are two possibility as per following:

• 1) The price will not break recent low or 1.618 AB = CD.
  
• 2) For the Crab, pattern D point should be more than 2AB=CD which possible for Reversal.
  

Jul 28, 2021

Trade closed: target reached