Gartley
NATIONALUM, Harmonic Pattern & Fib. Ratio (Investors).Two important fibs ratio for Gartley -
XA retracement at 44 at 0.786.
1.618 CD projection at 46.25 .
=> 1.618AB = CD @55 ( investors )
The previous important level at 37 ( The price should not fall below it for long position)
Note: Investors should wait for pullback to enter.
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Elliot Wave - Bottom is out? or new EW-Cycle.
Let's compare Elliot Wave of HINDALCO:
Longer & short TF - TimeCycle, NALCO.
Fundamental & Hindalco of the % move > relative to NALCO.
UBL - VIEWBUY BASED ON (disclaimer - for study purpose only)
GARTLEY BEARISH PATTERN COMPLETION
BUY FOR TARGET 1245+, 1188 CAN BE IN BTW RESISTANCE
WITH STOP AS COMFORT
SUPPORTING FACTORS FOR BUY :->>>
***CONSISTENT VOLUME SUPPORT
***weekly oscillators neutral but strong buy support in daily frame
***weekly close above 200ma can give support
MCX Gold - Bullish Gartley + Piercing Pattern Candlestick-47550(Last - 49177 / 21:05 Hrs / 4th Dec2020)
Bullish Gartley + Piercing candlestick pattern (Bullish Candlestick) - suggest precious metal can start upside trend travel to 52500 (Target 1) & Strictly Above 52500 can travel to 56200+ (Target 2) - Stops below 47550
The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend to an upward trend.
Three characteristics of this pattern include
1. Downward trend before the pattern,
2. Gap down after the first day, and
3. Strong reversal as the second candle in
the pattern.
Should cross 50% of previous downside candle
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Thanks
Bearish movementWe had a long side-away uptrends for past couple of week’s in EURUSD. There is no stopping out of biggest uptrends rally of EURUSD seems to be highest level of value,Since April 2018. According to our prediction and analysis the value of chart will goes downtrends and have a small wave up ⬆️ and starts to falls to the low high.
Question for Harmonic Trader & Why price fired? BANKNIFTYQuick reversals from Bat pattern PRZs are quite common.
The mid-point "B" at exactly 50% retracement.
Alternate 1.27AB=CD pattern.
BC projection @61.8%.
The price quickly reversal seen after "D".
Question of Harmonic Trader/Analyst is ,
Bat Or Gartley?
Why did birth to this question?
- The Gartley Pattern required point "B "50% and 1.27AB=CD pattern required. In essence, One of the most important numbers in the pattern is the completion of point D at the 0.786 of XA.
- The Bat utilizes a BC projection that is at least 1.618 & the BC projection must not be a 1.27 but in this case, we have 1.27 AB = CD .
Harmonic Analysis Vs. US Election - How could affect of wining?Source Code of How U.S. Election could affect of EUR/USD pair.
If ( Biden = wins ) {
More buying interest may push the price > 1.20000 after slightly lower.
.
If ( Trump = wins ) {
Sellers will keep selling respectively & US dollar will strong , causing Gartely force to the price to slide up to 0.786 at 1.13465
}
PEL - Hourly Chart - Bearish GartleyPEL seen forming bearish Gartley around with PRX around 1360 levels. The pattern is still in formation.
Wait for a strong reversal candle in PRZ before entering. I'll prefer a high volume candle for confirmation.
Do not hurry to enter, wait for confirmation.
Views only for educational purposes, and not a trading advise. Assess your risk and enter any financial positions. Always keep stop loss.
This is a perfect the "Gartley Pattern" for NIFTY.
"B" retracement of XA leg @ 61.8%
AB = CD, is at 11737
Potential Reversal Area with overlapped Terminal bar.
"D" retracement of XA leg in range of 1.27 to 1.618.
Spent 5 Day for, "B" retraced, "D" also 5 days.
This is the district the Gartley Pattern example. The price is travelling 61.8% retraceme nt area after reversal area.
This is the the Bullish Gartley pattern (Pre-Prediction Area)This is the the Bullish Gartley pattern which was pre-predicted retracement of D point of XA retracement.
The Probability Reversal Area at 11736 (current market price 11840) which is 100 points far from now.
The overlapping of the AB=CD and this is a nice structure with ideal alignment of harmonic numbers on 15min chart. After failing this pattern will be expectation of fall.
I prefer to wait and watch for the range of Probability Reversal Area.
Nifty - Plan C (Bearish Gartley-Sell At 11975)Chart Timeframe - 15 mins
[Plan C Active - has Bearish Gartley - Target - 11870/11880 as updated this morning in yesterday's video idea published last on Nifty
Safe Traders - Avoid selling if crosses above 11975 / Risky Traders can sell until 12025 holds as top
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Plan A - Sell Below 11955 for 11790-11810 target zone (Stops- 11960)
Plan B- Buy in 11790-11810 with stops below 11750/11760 for target zone 11980-12000
Plan C- Sell Below (Strictly Stops above 12025) for target zone 11870-11880
Plan D- Buy in 11850-11875 with stops below 11790 target 12025 / 12250 +
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Plan A - Done
Plan B - Done
Plan C- Active
Plan D - As price evolves - shall be decided later if 11870-11880 zone holds falling below 11870 - traders have to be careful.
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Last Nifty Video Idea
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