Quick reversals from Bat pattern PRZs are quite common.
The mid-point "B" at exactly 50% retracement.
Alternate 1.27AB=CD pattern.
BC projection @61.8%.
The price quickly reversal seen after "D".
Question of Harmonic Trader/Analyst is ,
Bat Or Gartley?
Why did birth to this question?
- The Gartley Pattern required point "B "50% and 1.27AB=CD ...
Solana has had a spectacular run in the past 2 weeks. However, the price might correct a bit for a pullback as it is near a supply zone.
The XABCD bearish Gartley and Bat patterns had set a supply zone above which the price is struggling to sustain on the weekly chart. As we can see there's a bearish divergence developing on the RSI chart, i.e., the price is...
TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 20-25 times.
TREND ANALYSIS & TRADE SETUP
GARTLEY HARMONIC PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
DO NOT MISS ENTRY IN AUGUST EXPIRY !
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
Bearish Gartley observed in GODREJCP
Wait for a strong terminal bar in hourly timeframe for entry
Target 1 = 630, Target 2 = 603, SL = 722
Reward : Risk = 3 (approx)
To repeat, stock is in strong uptrend, enter trade only if strong terminal bar is seen.
Cup and handle breakout above 3666. Strong Resistance around 3666.
If it moves above, can be bought with SL below 3666. keep a watch around 3770-3870 levels.
Bearish Gartley PRZ around 3770-3870. View negated above 3880.
