Bearish Gartley Pattern is about complete, right at a previous support level.
Bearish Gartley and AB=CD are about to complete right at a 1.272 Fib Ext.
Gartley Pattern is forming on ACC. Potential Short Entry @ 1700 Profit Target @ 1650 SL @ 1735 Happy Trading!!!
So, just by one quick look on the chart you will be know about the beautiful Gartley {updated yesterday morning, so I'm not sure how many of you noticed} and Potential double top formation. We predicted Nifty will taking off after Fed's but turned out to be profit booking & boring day. I don't have much expectations today also.Nifty may be ranging within 8900's -...
We have resistance zone in Reliance from 1067's to 1075's, and in the same area we have bearish gartley completion along with ABCD completion. As mentioned in chart itself, it just increases our confidence or to validate setup ( our direction of trade). But that wo't give assurance that it will be successful trade in Reliance. Happy Trading !
Bearish Gartley pattern is formed. Short Entry @ 279.50 Target @ 261.00 SL @ 287.50