Combining Pitchfork and harmonics gives better results .
Look at the rejection of pitchfork at the higher parallel line.. if we see a bearish move tomorrow and
17k is breached then we can clearly see stronger move down side .. and the target is given on the chart ..
thats where the D leg started for the Gartley pattern and the target for that swing can also be...
Formed a Gartley pattern, which signals the bullish move and also divergence is giving the bullish signal.
Now, It is in a MAJOR SUPPORT wait for the conformation and enter long.
TARGET : 0.382(FIBB)
STOP LOSS : BELOW (A)
If it breaks the support then check the ideas for short.
Index is forming bullish gartley on weekly chart.
Where buying opportunity may come around 15600-15500 levels, if market allows in a month or two.
Its just a probability, as all of us know market is supreme.
Kindly do your analysis before initiating trade.
Bank nifty weekly close with positive note
It now all depends on how market reacts to sbi result.
my target for sbi was 546 earlier
it has touched that .next target 604.
I have not seen any broker's recommendation
but I think some broker will give target in that region. let us see.
as per bank nifty it has to take out the Uml of the pitch fork to proceed...
In old school method or traditional technical analysis pattern which rises & are messy in nature are called “wedge”.
In Elliott Wave analysis we call it “Ending diagonal or Type-2 diagonal” which ends the current trend. Both terms imply the same thing – reversal ahead or next.
Index has been in uptrend since key support 17260 which was suggested as Part -B...
The leading diagonal or rising wedge or type-1 diagonal, is a narrowing price move composed of two converging trendlines.
If bottom or lows of 16836 & 16866 holds then Index can push upside tomorrow on account of Budget 2022
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Trading Strategy
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Part A -...
share name : dotusdt
call type : poistional
- ab=cd with the golden retracement of .618
- gartley pattern with ab=cd on the base
- dot coin is working in the upside range
- bullish divergence
Buy dot coin with the
target 31.49, 55, 67
sl of 23.27
Thanks
37500 will may act as strong resistance if market trade 15min candle below 37500 tomorrow
For Next healthy rally market needs to retest 37000 mark, which is also Fib .382 for the current upside and also market gave a breakout from same level
I can see Bullish Gartley also supporting the findings
Why this Trade..??
1. Bearish Gartley Pattern
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
What is the Cypher pattern?
The cypher pattern is an advanced harmonic pattern that, when traded correctly, can have a truly outstanding strike-rate as well as a pretty good average reward-to-risk ratio.
The cypher is a five-point pattern, composed of points XABCD. It is easy to spot on a chart due to its characteristic wave-like look, displaying either rising...
SBI Cards making bullish harmonic pattern in multiple time frames and the below weekly chart we can see a channel being followed.
ENTRY: 108-109
SL:984 (can be modified with the ascending trendline)
T1:1035
T2:1130
T3:1160
Our bullish gartley formation on 3H and 4H time frame also coincides with the long term bullish channel view therefore providing a good...
