Search in ideas for "[GARTLEY]"
Bearish Gartley Pattern risking Small AmountGartley Pattern has formed nicely and yesterday spike bar is suggesting the forthcoming weakness also, so I am shorting the stock at current level with yesterday high as Stop loss. If it works we can easily expect 2.5 -3 times rewards to the risk being taken.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Gartley on ABGSHIPGartley Pattern is about to complete on ABGSHIP. PRZ comes right in the previous support. Looks like a nice long trade opportunity.
BPCL - Bullish gartley spottedPrices are respecting the trend line and hovering around 200 ema support. On the top of it, it has formed a bullish gartley.
Hence can go long around 470- 480 area once it pullsback. If not enter above 495 on bullish candle confirmation.
SL - 450.
T1 - 510
T2 - 520
For study purpose.
Thanks.
ESCORTS - Bearish Gartley - 4H - TFBearish Gartley harmonic pattern on 4H chart of Escorts Ltd. SELL around 695.
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.
As I've written above I'm rather new to harmonics(read 10-15 days) and also realized a mistake that I was making and basically going south from the rules than continuing towards the north. I posted an Escorts chart previously in which I mentioned Bullish Shark which surprisingly is right even though I was making a mistake. But I even found a Gartley pattern that was at 795 and man that thing worked like a charm. I'm actually feeling positive about this.
I'll review all my previous charts that are, yet to be activated, already failed or still sideways, regarding any mistakes and hope to come with perfect charts. Still trying to concentrate on drawing patterns only. Also I'm a bit skeptical about giving out Target(s) and SL, also won't be doing that for a time-being.
Also I'll be posting some patterns I found that have already reversed nicely from the fibonacci levels and patterns that failed to react so that I can learn about the working and dynamics of Harmonics.
INDUSIND BANK - Bullish Gartley - 4H TFBullish Gartley found on 4H Chart of IndusInd Bank. Although BUY was around 1704, I spotted the pattern formation just now. Let's see what happens in this counter. Do not BUY now. This would sit, right in the column of failed trades initiatied via Harmonics. I'll watch out for, if there any more patterns forming on the Chart in different TF(s).
I just started learning Harmonics, don't know how to perfectly calculate Target(s) and SL, yet.