underrated_bull

Part : 3 Crab or Gartley on Reliance (Harmonic)

NSE:RELIANCE   RELIANCE INDS
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.

Comments

hey do you think @1843 this crab pattern has concluded and reversal has already taken place?
Reply
btnt1798 btnt1798
around 1843
Reply
extraordinary i know harmonic pattern @underrated_bull Thanks for giving Target.
Reply
underrated_bull The_crackerjack
@The_crackerjack, thanks man
Reply
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