INDUSIND BANK - Bullish Gartley - 4H TFBullish Gartley found on 4H Chart of IndusInd Bank. Although BUY was around 1704, I spotted the pattern formation just now. Let's see what happens in this counter. Do not BUY now. This would sit, right in the column of failed trades initiatied via Harmonics. I'll watch out for, if there any more patterns forming on the Chart in different TF(s).
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
Gartley
ESCORTS - Bearish Gartley - 4H - TFBearish Gartley harmonic pattern on 4H chart of Escorts Ltd. SELL around 695.
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
As I've written above I'm rather new to harmonics(read 10-15 days) and also realized a mistake that I was making and basically going south from the rules than continuing towards the north. I posted an Escorts chart previously in which I mentioned Bullish Shark which surprisingly is right even though I was making a mistake. But I even found a Gartley pattern that was at 795 and man that thing worked like a charm. I'm actually feeling positive about this.
I'll review all my previous charts that are, yet to be activated, already failed or still sideways, regarding any mistakes and hope to come with perfect charts. Still trying to concentrate on drawing patterns only. Also I'm a bit skeptical about giving out Target(s) and SL, also won't be doing that for a time-being.
Also I'll be posting some patterns I found that have already reversed nicely from the fibonacci levels and patterns that failed to react so that I can learn about the working and dynamics of Harmonics.