BAJFINANCE has been moving in a falling wedge, just to make a big move up yesterday, completing the BAT, and right on the edge of the wedge/
Awaiting a breakout or reversal.Its still a valid revrsal as long as it dosent cross -X
As I always suggest never hurry in trade. Look for market excitement & then follow them, you will be more happy.
We have bearish harmonic with B leg- retracing 38% which is slightly different from bearish gartley as B leg minimum retracement should be 61.8%.
How to execute
Travelling below 470 or close to 480 without moving above 480 highs & falling back below...
A bullish bat formed on a weekly chart, with geopolitical tension easing and stimulus package in offing,
a trade can be initiated on a green weekly candle for a respective target with a trailing stop loss for the 2nd target.
as we can see a perfect bullish bat is formed we are on look out for a green candles.. with the news of collabration with ford and also a successful testing of driverless tractor tech a long can be initiated after 2 consecutive green candles with 2 candle breaching the highs of first candle. a trade can be initiated with the 2 target on the basis of fibs..
M&M is moving in a slow up channel making a few patterns on the way.
Green Gartley is complete.
Blue bat is on its C to D leg completion. ALso the Yellow CYpher.
Since this is Daily time frame , it will take alteast one million years to complete :P