Search in ideas for "[GARTLEY]"
Gartley On DXYjust after completing a "M" pattern dollar moves like a jet plane towards channel top. beware when it reaches 61% fib..max tp should be channel top.
Gartley - Harmonic Patterns Setup explained in charts
Disclaimer : Its Purely My View - Not a recommendation
BUY WHEN EVERYONE IS SELLING SELL WHEN EVERYONE IS BUYING.GARTLEY PATTERN WAS FORMED ON DAILY TF WITH STOPS ABOVE THE HIGHS I WENT SHORT YESTERDAY BECAUSE OF THE BEARISH SIGN OF DIVERGENCE I STAYED IN THE TRADE NOW LETS SEE HOW IT PLAYS OUT MY SECONDARY TARGET IS 11000 GOOD LUCK
Pnb gartley pattern
prz zone is @139. -138.10
best price conflunce is@138.10-138.45
stoc in oversold zone
Gartley suggest further downsideIt looks like there could be possible correction to 8500 levels. I would be very grateful to hear your thoughts on this
EUR/USD SHORT ------------------------------------------------------------------------------------------------------------------------------
PATTERNS/CHANNELS.
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>BEARISH GARTLEY.
>RISING WEDGE.
>ASCENDING TRAINGLE.
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SUPPORT/RESISTANCE/ENTRY/T/P.
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>S1 -1.0620. |>R1 -1.0711.
>S2 -1.0533. |>R2 - 1.0764.
>S3 -1.0496. |>R3 - 1.0793.
__________________________________________________________________________________________
>ENTRY 1 - FROM POINT D.
>T/P - 1.0620.
>ENTRY 2 - 1.0675.
>T/P - BETWEEN S1 & S2.
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CONCLUSION:-
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>SELLING FROM POINT D WOULD BE RELIABLE AS IT COMPLETES THE BEARISH GARTLEY PATTERN.
>WAITING FOR THE PRICE TO BREAK THE R1 FOR GOOD ENTRY.
>WAITING FOR THE PRICE TO BREAK THE RISING WEDGE FOR ENTRY.
SILVERHello & welcome to this analysis
In the short term it appears to be under pressure mainly due to the strength seen in DXY.
In the medium to long term its in the completion of a very large breakout, we might not see the current price level for decades after 1-2 quarters of 2025
All the best for your Investing and Trading
NIFTY50 - Harmonic PatternsGo short only at the levels mentioned.
Any close above the PRZ invalidates the pattern, trade accordinlgy.
Nifty : DoubleTop or Trendline Retest ?Hi Guys,
Just two simple scenario's in Nifty, so the details in the chart repeats :
I see two scenario's or potential formation for long/short trade setups.
(i) If Market opens Gap Down, Nifty can find support in the zone below 8800's n bounce back
(ii) If Market moves up & gives bearish reversal around 8880's we can enter short
(iii) Breaking any of the support/Resistance will determine the direction I believe else another ranging day, which I don't expect it to be.
Just an info for harmonic traders,last week bearish Gartleys target 2 around 8770's.
Happy Trading !
Stock Market Analysis Report: Lupin Limited (NSE: LUPIN)
Introduction
Greetings, traders! If you're looking for a pharmaceutical stock that might just cure your portfolio blues, look no further than Lupin Limited. This stock is brewing up an interesting pattern that’s worth a closer look. Let’s dive into the technical details and see what’s in store!
Price Action Overview
Chart Analysis
Current Price: ₹1,759.30
Daily High: ₹1,767.00
Daily Low: ₹1,598.25
Volume: 10.039M
Key Technical Indicators
Bearish Gartley Pattern: The chart reveals a bearish Gartley pattern, suggesting a potential reversal.
Rectangle Pattern with Potential False Breakout: The price is within a rectangle pattern, hinting at a potential false breakout.
Decreasing Volume: The volume is on a decline, which could signal weakening momentum.
Detailed Analysis
Bearish Gartley Pattern
Formation: The Bearish Gartley pattern, marked by points X, A, B, C, and D, indicates a potential reversal from the current uptrend.
Implications: This pattern suggests that the stock might face resistance at the current levels and could potentially see a pullback.
Rectangle Pattern with Potential False Breakout
Rectangle Pattern: The stock price is trading within a rectangle pattern, showing consolidation between support and resistance levels.
False Breakout: The current breakout might be a false one, as indicated by the rectangle pattern and the resistance at point D.
Decreasing Volume
Volume Trend: The decreasing volume trend suggests that the current upward momentum might be losing steam.
Significance: Lower volume during a breakout can indicate a lack of strong buying interest, increasing the chances of a reversal.
Price Targets and Support Levels
Immediate Resistance: ₹1,800.00 - This is the next resistance level to watch closely.
Support Levels:
Primary Support: ₹1,600.00 - A key level to maintain for bullish sentiment.
Secondary Support: ₹1,400.00 - A more conservative support level aligning with previous consolidation areas.
💊📉
Conclusion
Lupin Limited is showing a bearish Gartley pattern with a potential false breakout within a rectangle pattern. The decreasing volume adds caution to the current bullish momentum. Keep an eye on the resistance level at ₹1,800.00 and monitor the volume to gauge the strength of the current trend. Happy trading, and may your portfolio stay healthy and robust! 🌿💰
Disclaimer
This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions.
