(Last - 49177 / 21:05 Hrs / 4th Dec2020) Bullish Gartley + Piercing candlestick pattern (Bullish Candlestick) - suggest precious metal can start upside trend travel to 52500 (Target 1) & Strictly Above 52500 can travel to 56200+ (Target 2) - Stops below 47550 The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend...
Silver after reversing from a bullish Harmonic Gartley is retesting the PRZ which now coincides with the PRZ of two Bullish AB=CD patterns (60/162) & (78/127) If it can sustain above 16.35 then it could retest 17.40/17.75
It has reversed from the PRZ of a Bullish Gartley and AB=CD. As long as it stays above 533 it can do a pullback till 550-560
Nifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From...
Three Bullish Harmonic Patterns in alignment in Monthly Time Frame Gartley / Butterfly / AB=CD Ichimoku study also suggests a pullback to Kumo around 18000 View goes wrong if it moves below 11600
It has made a Bullish Harmonic Gartley today in daily time frame. As per Ichimoku it is trading at weekly support. The decline could halt here and it could see some bounce back till 650-675. View negates below 584
In monthly time frame it has just entered into a Bullish AB=CD prz level. With a Bullish Gartley near 380. As per Ichimoku there is a monthly support near 370 which is sync with time axis. From a medium term prospective a bounce back for 500-550 is probable.
At Hourly Bullish Harmonic Gartley PRZ. View would be negated below 690