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Harmonic Patterns

Ascending Triangle and Cypher Pattern On Reliance 1. Ascending triangle pattern formation an hour chart. This state Reliance want to Long. 2. But on the formation of Cypher Pattern on the chart. X Point at Recovery Price of 880 , retrace to B Point , C Point to 1229 (Current Price) 3. Formation of XB=0.38 and AC=1.401. 4. Assuming XD form at 0.786 lead to the Formation of BC=1.407. 5. All above level satisfy for Cypher Pattern formation on an hour chart 6. "D" Point form at near Rs 955. So, Reliance will short till 955 7. Sell Below 1185 Target 1150 , 1130 , 1114 , 1040 ( This is not for intraday)
NSE:RELIANCEEducation
by B-Power
BEARISH GARTLEY FOR BANK NIFTY1) WICK OF CANDLE AT B CROSSES .618 RETRACEMENT OF XA BUT BODY DOES NOT CLOSE ABOVE THAT. 2) WICK OF CANDLE AT C CROSSES .382 RETRACEMEENT OF XA AND BODY IS AT .382 LEVEL. 3)CANDLE AT D HAS CROSSED .786 OF XA. BUT BODY HAS NOT CROSSED .886 4) PULL BACK FROM THIS LEVEL CAN BE EXPECTED. 5)POSSIBLE TARGET MAY BE .382,.5, AND .618 RETRACEMENT FROM C TO D. STOP LOSS SHOULD BE ABOVE X. SOME PULL BACK EXPECTED IF THERE IS NO GAP UP TOMORROW. THIS STUDY IS FOR EDUCATIONAL PURPOSE ONLY
NSE:BANKNIFTYEducation
by bijoy2526
3
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