Get started

Harmonicmoves

Structural Confluence of Elliot and HarmonicsConfluence doesnt mean some indicators and price action .. confluence conditions can be seen everywhere from structure to entry The above structure shows you confluence with 2 major concepts in trading world HARMONICS and ELLIOT, shows you the possible areas where you could see confluence of both The 3rd wave could some times be BAT pattern or DEEP CRAB pattern in impulse, when it comes to elliot correction you will prob'ly see ABCD pattern in formation. This will give you an idea of how to identify the confluence when you are looking for swing trading Always keep in mind that there will be internal small patterns within the big pattern do not get confused while doing multi TF analysis thinking which pattern to follow, always follow the higher TF pattern.
NSE:BANKNIFTYEducation
by TeamTaurus
3
NIFTY FINANCIAL INDEXAt the PRZ of a bearish Harmonic Bat in Weekly time frame it made a bearish reversal Candlestick today. A follow through tomorrow onwards would confirm a downward move for 13250 and below that for 12000. The view would negate if it sustains above today's high. The index constitutes of all the large Banks and large Finance companies. Harmonic Bat is a 5 points pattern based on specific Fibonacci Ratios which signal a reversal of trend for 38-50-62% of the last leg of the trend ending.
NSE:CNXFINANCEEducation
by Dinesh_C_Nagpal
2
GOLDGOLD had a sharp sell off like equities in the 1st week of March due to Central Banks across the globe pumping liquidity and reducing rates. Besides the domino principle of one pulling the other (losses in equities globally being cleared via unwinding of long gold positions) as one asset manages the other in a systematic risk environment. Current set up suggest $1675 where it would complete its minimum Bullish Dragon (trigger - hourly close above $1630). Only if it sustains above that $1800 is the next level with some resistance near $1735. Else a dip till $1575 before it attempts another up move. From a medium to long term prospective this could be the last leg of the rally from 2016, post this Gold could start a fresh downside cycle.
OANDA:XAUUSDEducation
by Dinesh_C_Nagpal
1