The similarity between harmonic and basic chart patterns is that, for each of them, the shape and structure are key factors to recognizing and validating a specific pattern. The next price movement can thus be projected with the goal of turning these patterns into profits. However, a key difference is that harmonic patterns are defined more precisely. They are 5-point reversal structures, containing combinations of well defined consecutive Fibonacci retracements and Fibonacci extensions, leaving less room for flexible interpretation.
Harmonic patterns continuously repeat themselves, especially in consolidating markets. There are basically 2 types of patterns: 5-point retracement structures like the Gartley and the Bat and 5-point extension patterns like the Butterfly and the Crab. Trading harmonic patterns requires patience because, due to the specificity of the ratios, patterns that appear harmonic may not be if they don't align with the proper measurements.
Analysis Done on Spot / Cash Data
-----------------------------------------------------------------------------------------------
Status Update at 09:13 Hrs / 9th April 2019
Last Price@11598
Buy Close to 11550 – 11560 zone ( No Buying below 11550)
-----------------------------------------------------------------------------------------------
Key / Critical...
Auropharma Profile Page at
in.tradingview.com
Note -
Use Signature Field to put 3rd party links / website details / social media details which comes as a part of “Premium subscription” (Promoting 3rd Party Links apart from premium version –do check with the moderators as it could violate house rule...
Hi Trader,
I have found Bullish Gartley in Daily Chart . I have share perfect entry point, exit and stop loss point.
This is Long Term trade plan.
Wait for next week price will retrace entry point.
Give Like for support.
MARKET ANALYSIS; The pair has now reached the supply zone and has formed a double top. We can expect a further more downward move. If the neck line is broken there can be another downfall towards the next demand zone. So lets wait and see what the market does in the coming days. Cheers!
Bullish Bat pattern on 4H Chart of ZEEL. BUY 318-319, SL 308.7, Target(s) - 326, 329.9.
Not a textbook Bat pattern but there is a support at 320 and 0.886 retracement falls around this level.
I starting learning Harmonics some days ago and just observing currently, how the price action works here and thereby trying to refine on my Target(s), SL and entry levels.
NIFTY is trading in a range of 10830 to 10960. Unable to give weekly close out of this range. A Simple fibonacci concept can interpreted that until and unless it doesnt break 12098 ie (13% of previous swing), it will be treated as fake breakout. Hence short entry can be taken if it breaks below 10850. Long entry can be initiated if it breaks above 12098. Short...
Axis Bank has almost completed our target of 830 from 500 levels (refer below published idea). Now the target can be moved further to 940. This seems more to be favoured, however safe traders can confirm the entry only on closure above 830 or trading abvoe 830 for atleast an hour. It is right now trading in a range and expected to breakout from it.
Past...
Hi all, Crude oil completed ABC Structure watch for drop
***Use Proper Risk and Money management Rule if you don't had a one please watch the play don't trade
If you have any Question comment below
Thank you for your support
--Prabhu Rajarathinam
Trading Strategy
Last Price@717
Plan A
Expect Bullish Move "If" stock holds in 705-709 zone with strict stops below 695
Targets- 760/775/790
Plan B
Sell Below 695 with strict stops above 720
Target - 620 / 630
Thanks for watching the video.
Education & Trading Idea
------------------------------------------------------------------------------------------------------------------------------------------
Mankading
Controversial Strategy Mankading has been discussed which is used at times to score a plus against your opponent and compared with similar box kind of strategy used in real time...
Crudeoil short term bullish if 54.58 taken out then 55.72 to 57.05 possible in three days. if 54.58 gets rejected then 50.66 downside possible and continuously will be bearish till 42 again.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
