Gartley Pattern is forming on ACC. Potential Short Entry @ 1700 Profit Target @ 1650 SL @ 1735 Happy Trading!!!
It is the second most important trading pattern in Harmonic Pattern series , called Gartley Pattern which is also frequently observed in markets. This post a second post of educational series related to Harmonic Patterns, In this post, I cover the following things regarding the pattern 1. Pattern Traits 2. Step by Step formation of the Pattern 3. Bullish Gartley...
Previously on daily chart, it is been observed that the price action is ranging in a uptrending channel. Today, on hourly chart, there is formation of Bearish Gartley pattern has been observed which indicates selling pressure at 630 levels, where Bearish Pin-bar pattern is also observed. There is also a MACD crossover that to be noticed too. The above said factors...
It is been observed that the price action is forming a bullish Gartley pattern on daily chart that suggest a short pull back from the current levels. I believe it shall go up to 8680 levels before it continues its down fall. Key Points: Strong Support levels at 8568-8521 Bullish Gartley Pattern formed MACD AND RSI Oversold Therefore, one can take a long...
As observed on daily chart, there were two harmonic patterns identified on daily chart mentioned below First: Bearish Bat Pattern - Completed - marked in yellow Second: Bullish Gartley Pattern - in progress to complete D leg - marked in Green Target: 255 Stoploss: 267
Even I'm wondering how I get these title's in minutes. ok, lets not boast so back to analysis of Nifty ! So what are the components of today's chart ? We got, (i) Bullish Gartley - The Gladiator (ii) Bullish ABCD completion (iii) Elliot wave counts (iv) Trendline in Support zone We have the Gartley & ABCD pattern completion in our support zone 8500's (approx.)...
Hi Guys ! Yes, going against the trend is catching the falling knife, but if you have the skills, there won't be any fear. From the Nifty chart we can clearly see that there is cypher within Gartley. I expect the cypher to give Gapup open today. If the cypher fails & support is also broken, we do have another potential Gartley completion around 8620's. Those...
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 -...
Long Entry @ 600 Target @ 622 SL @ 583
Bullish Gartley Pattern is formed on Cairn India. It's time to go long. RSI is also showing bullish divergence. Long Entry @ 191 Target @ 199.50 Stop @ 185
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 !
The Pattern wings had similar color, so to avoid confusion , I m posting with different colored wings ! Sorry for delay ! All New Day I'm little elated today after two back to back boring trading days, bcos today we have potential trading opportunities. We have Crab to Grab in Resistance Zone, A Gartley to Catch within Range & Elliott to Watch Nifty Swings. Let's...
Bearish Gartley pattern is formed. Short Entry @ 279.50 Target @ 261.00 SL @ 287.50
Enter short positions in CoalIndia , only if there is valid bearish confirmation around 331 zone After Target-1, you can either trial stops or reverse the trade bcos of Bullish Gartley If coalIndia shoots up in resistance zone, dont enter short positions.
The structure of Bearish Gartley (marked blue) and Bearish AB=CD (marked green) suggests an end of honeymoon period for bulls. With ECB meeting scheduled today and INDEX:DAX trading around 10,750, there can be short opportunity in the range of 10,800-10,950 for the target of 9,300-8,800 with the stop loss of 11,500.
In Nifty we have two potential patterns, when there is potential patterns bcos of greed we tend to trade CD moves, its really bad habit. You should not trade CD move during your learning phase of patterns. The safest setup is to trade after pattern completion from D point. In Nifty, a week before we had more than 300 points in 10 days just by patterns but that...
Happy Monday Guys ! With 29 mins to go before Nifty goes live for the day, It will be thinking as " Shall I Gap Up for the day ?? " " What I can do to surprise them ? " . We are getting back to back patterns, we had Bearish Cypher which resulted in fall of Nifty & Bullish Cypher which kicked the price for Gap Up on friday right on Target-1 and Now, we have...