Einstein15
Long

TATAELSXI Lifetime Gartley Pattern

NSE:TATAELXSI   TATA ELXSI
TATAELXSI             , made a perfect 618 FIB retracement of life, and is heading up , possibly to complte anotehr 618 retracement and a gartley pattern .
or it cud end u[p making ABCD pattern once it cross the C level and A level.


----TUTORIAL----

I am sure most of them know about drawing a Perfect Gartley Pattern using single Fib Rretaracement tool.
But just in case , i have added it on the chart.
Its often that we draw FIb levels more than Gartley patterns, One can easily see when the price action isn following the Gartley levels using single FIB levels
Like we see it bouncing off 618 level , then if it reaches 236 and bounce down from there, it can be an indication that its making a gartley .


This only works when ratios are perfect 618. That is When Point B makes a perfect 618 retracemtn of XA
only then the point C falls on 236 level (being 618 of AB) and only then can Point D fall on 786 level. completing the pattern

IF point B= 55.8% fib, (or anythign other than 618), all other ratios change and u cant use this technique.
Only 618-618-786 gartley can be seen using single fib retracement tool.

I know its confusing, But i tried :P
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out