Sensex hits a historical high -32000 mark.
Do you remember bullish deep crab - No. Then definitely you remember 9643- No, Aha, then surely you must have used Killroy Pattern (Inverse Head & Shoulder) to your advantage - isn't that. Cheers to the Bulls.
What is Killroy
Killroy or Inverse Head & Shoulder Pattern as termed by "Edwards & Magee in Bible book-...
It is been observed on Daily chart that the price action is forming a harmonic ratio pattern called Bullish Shark Pattern. Now, I have shown two scenarios of the same chart where we can see retracement as per the chart measurments and pattern.
Retracement 1 (88.6%) - can been seen near 640 levels and Retracement 2 (1.13%) can be seen at 615 levels.
It is for...
Hi All,
Continue with Patterns :
Bat Pattern : XABCD are the point to be considered with following ratios
AB (fall) = 0.38 or 0.5 times XA (rise)
BC (rise) = 0.382 or 0.886 times AB (fall)
CD (fall) = 1.618 or 2.618 times BC (rise)
Interest point would be point D after completion of pattern as potential reversal zone (PRZ) , looking for buying...
In the above chart, I have showcased a confluence or relationship between Elliott Waves and Harmonic Patterns. Where I have mentioned and pointed out time where they confluence and provide us a successful trading opportunities. Such confluence is simple to understand and provide a great reward over risk by initiating in them.
I have attested below edcuational...
The Harmonic Bat is a variation to the Gartley pattern which was developed by Scott Carney. It is considered to be one of the more accurate patterns exhibiting a higher success rate than any other harmonic patterns. The bat pattern might look similar to a Gartley 222 Butterfly pattern but differs only minutely in terms of the Fibonacci ratios between the...
