vanathi
Education

Pattern Series 6 - Bearish Gartley Pattern!

NSE:TATACOMM   TATA COMMUNICATION
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I thought these cypher , Gartley patterns are tough until I learnt it is based on fibonacci ratios. Draw fibonacci levels from X to A. Point B should not close above 0.618 fib level. The point C should form between A and B. Point D should not close above 0.786. Now lets see how to trade this Gartley pattern . Sell at 0.786 with the stoploss of few points above it. Your risk should be minimum and it should not exceed risk : reward ratio of 1 : 1. Targets are 0.5, 0.38 and 0.236 fib levels. People who love fibonacci ratios, dont miss Gartley pattern trades!
Comment: Price touched exact 0.38 fib level and reversed.
Join me in telegram to learn & earn. I also post my trades there. https://t.me/Analysis4Newbie
from where did you learn these indicators?
It would be great if you share any link so we can learn
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vanathi AkshathBharathi
+1 Reply
@vanathi, Mam I'm talking about is there any particular online course where we can master ourself in this field as per your recommendation?
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vanathi AkshathBharathi
@AkshathBharathi, I refer myself only for online training :D
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@vanathi, Is there any particular website you would like to share for newbies like me?
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vanathi AkshathBharathi
@AkshathBharathi, I learnt from tradingview only.
+1 Reply
nice
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Very good understanding by you vanathi, really amused to see your correct predictions.
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vanathi mkramki
@mkramki, Thank you :)
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great analysis about cypher pattern..
liked it... :)
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