TATACOM has been moving in a down trend for a but, just complete a rather_round_wing_Gartley right on the edge of the trendline. Awaiting a breakout or reversal.
DRREDDY has been moving in a small channel for a bit,currently right on the 618 FIB. May breakout on account of good results to completing the gartley Nice resistance / sup at every FIB level.
Bullish Gartey Pattern is being observed in BANKNIFTY at around 23650 which also defines the Probable Reversal Zone with 0.618 to 0.786 Retracement of XA and 1.13BC = CD and also, AB = CD at 23750. Only, Time filter is to be completed. Wait for 3 days to make an entry before it filters the fibonacci time zones and try to buy at dip near 23750 with Stop Loss 23540...
Aggressive entry can take now @258 Sit and sleep entry is @ 249.5
09:45 Hrs IST - Last Price@9961 There is a resistance zone between 9955-9965 & possible failure can be expected for bulls on short term basis. Holding the zone 9960-9965 on the upside - we can look for 9855-9865 zone as our classic target zone achieved in last update from 9985 to 9860. Bank Nifty - Bn as well is holding at the levels of 24400 which was...
BAJAJAUTO completed the blue Gartley and the Cypher pattern. In the Cypher Pattern, it Can move till X if it crosses above D,since there seems to be a consolidation/flag/range at D level.. A breakout from the Flag near D will decide the direction.
PVR if holds 1320 on Closing Basis, Can test 1400-1450-1500
It has been very long time since Nifty has treated Me with such potential harmonic opportunities, irrespective of whether this potential pattern completes or not, I love this trade setups. If it goes as planned here I will be having stops 50-70 points below the Entry zone based on the patterns. I wanted to write a lot about patterns but as market opened let me...
Good Morning ! After a long time, looks like I'm coming up with earlier post. We are communicating with Tata Comm real good & in harmony , so that's the reason for the Bearish Gartley over there. For most of new followers, this may be new stuff but don't worry, its just good-old goodie which I used regularly before I left from site, even now I use harmonics & I...
Hello Traders, I have observed Bullish Gartley Pattern on AUROBINDO PHARMA. It look price soon will enter Potential Reversal Zone (PRZ). Here, PRZ is made of 0.786XA, AB=CD and 1.27AB Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1.2 for Target-1 and 1:2 for Target-2. Follow this idea for further updates. Happy Trading!
Bearish Gartley is near completion. Opportunity for short entry. Short Entry: 177.75 Target: 174.40 Stop: 179.50 Good Luck!!!
Found this pattern lately but can make use of this post to identify next opportunity to trade.
Bearish Gartley and AB=CD are about to complete right at a 1.272 Fib Ext.
Long Entry @ 600 Target @ 622 SL @ 583
The structure of Bearish Gartley (marked blue) and Bearish AB=CD (marked green) suggests an end of honeymoon period for bulls. With ECB meeting scheduled today and INDEX:DAX trading around 10,750, there can be short opportunity in the range of 10,800-10,950 for the target of 9,300-8,800 with the stop loss of 11,500.
We can distinguish six basic harmonic patterns: 1.1 Gartley 1.2 Butterfly 1.3 Crab 1.4 Bat 1.5 Shark 1.6 Cypher How to Trade the Gartley Chart Pattern The Gartley market strategy like any other harmonic pattern is a four-leg reversal pattern that follows specific Fibonacci ratios. A proper Gartley chart pattern needs to fulfill the following three Fibonacci...