NiftyNifty hourly is at the PRZ of a Bearish Harmonic Cypher. It also happens to be a resistance as per Ichimoku in hourly time frame. A retracement till 12100 could be probable from here provided it does not give an hourly close above 12250.
Cypher
CENTURY TEXIn weekly time frame it is showing signs of revering from a Bearish Harmonic Cypher PRZ. In hourly time frame it has made a Bearish Harmonic Gartley and reversed. Failure to hold 490 on closing basis in daily time frame could be a trigger for the expected down move till 450. In hourly time frame trading above 513 would negate the move for now.
TCSThe retracement from the resistance could be ending here near a Bullish Cypher which is close to both daily and weekly support. The overall uptrend view along with this would get negated below 2085
CESCIt has made a Bullish Cypher near a Kumo in daily time frame. It can retrace back to 800 provided its does not go below 758
Bullish Cypher (SBIN) (Do Not trade based on this)Critics are welcome to comment.
I know its too early to confirm the pattern, just trying my hands on harmonics
Dabur Look bullish from here currently at possible reversal zoneNSE:DABUR
Bullish Cypher is forming in dabur can initiate long view with SL of 418
HCL INFO-A CASE OF WYCKOFF ACCUMULATION IN POTENTIAL MULTIBAGGER
NSE:HCL_INSYS
THE SCALE IS NOT LOCKED, ZOOM ACCORDINGLY WHEN NECESSARY
In the daily chart..
A potential bullish cypher is due completion...
this is a point of good long entry planned..
The other long entries are planned in phase c and d as mentioned..
the Markup target is a conservative one, and will be updated once the base formation i done..
here is the provisional target from the point and figure charts..
Details about wyckoff schematics can be found in the following link containing
"Anatomy of a Trading Range " by Jim Forte ...https://static1.squarespace.com/static/54fed56be4b0b8a1d3d33918/t/55808ff8e4b0bcfabac9ae03/1434488824889/Anatomy+of+a+Trading+Range.pdf
Also a reference to a blog by my favourite wyckoffian, Bruce Fraser
stockcharts.com
stockcharts.com
Disclaimer... Interested , not invested...will think of taking position if satisfied with the fundamentals which is currently under search
Not an investing/trading recommendation
learning wyckoff methods 2.0- the bearish cypher fail..there was a sharp retracing from the line of good demand
and close above another line shows SOS..
this bearish cypher most likely will fail to reverse the uptrend and it will test the line above...
i have a feeling this will even cross it, the advance has such a massive volume, if this big spread on the advance is reversed of then the demand is most likely to take the prices above 39 soon and then may be lose steam over there....
This is bulls a their prime...
the wckyoff channel oversold line was violated and there was sharp denial from the bulls, and the close of the candle was back in the channel... if this is not SOS what is then....
the cypher's take profit is -.618CD at 32, which is not happened i gues.. hence the fail... i doubt even if 0.5 can be crossed...
Pattern Series 6 - Bearish Gartley Pattern!I thought these cypher, Gartley patterns are tough until I learnt it is based on fibonacci ratios. Draw fibonacci levels from X to A. Point B should not close above 0.618 fib level. The point C should form between A and B. Point D should not close above 0.786. Now lets see how to trade this Gartley pattern. Sell at 0.786 with the stoploss of few points above it. Your risk should be minimum and it should not exceed risk : reward ratio of 1 : 1. Targets are 0.5, 0.38 and 0.236 fib levels. People who love fibonacci ratios, dont miss Gartley pattern trades!
