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For a brief overview about harmonic pattern fundamentals, first go to the Post 1 of this series (link will be soon in the update section). THE BUTTERFLY PATTERN The pattern is recognized by the exclusive 78.6% of XA retracement at point B; and the 1.27 XA projection at point D. X-A: A strong leg which ends at an important Support/Resistance level. A-B:...

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EURUSD broke out of a triangle pattern in Jan2015 and thereafter it consolidated in a range from 1.04624 to 1.14667 before breaking down in Dec2016 and Jan2017. The pair however faked the breakdown, trapped the bears and rallied. Where this pair is heading now? Although the pair has retraced more than 61.8% of the large bull run from Dec2000 to Jul2008 yet I...

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Notes on the chart. Have a look at posts in the comment section, may be they can help. Trade safe. Hit like/comment. Regards Bravetotrade

Bravetotrade Mod Updated 

Notes on the chart. Hit Like Regards Bravetotrade

Bravetotrade Mod Updated 

Hi, I am back with one more harmonic Pattern -- The CRAB For a brief overview about harmonic pattern fundamentals, first go to the Post One of this series (link will be soon in the update section). CRAB PATTERN In the BAT and the Gartley the price action in the last leg did not stretch beyond the Point X but In this pattern last leg stretches beyond X. In...

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In my previous post I suggested buying..perhaps the move started a bit earlier than expected but hit the target..see below >>> When I look at the current chart and ask myself, what could be the ideal place to enter ? Is it on the next bar break above the Doji candle made in the last hour today or at a lower price ? Before beginning I would like to make it...

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Stock is in a nice uptrend and the structure is suggesting potential for upside. Hold as long as it holds the uptrend line. Hit like if this information is useful. Trade Safe Regards Bravetotrade

Bravetotrade Mod Updated 

Notes on the chart. Hit like if this information is useful. Trade Safe, Be healthy. Regards Bravetotrade

Bravetotrade Mod Updated 

I always love to trade such a chart but on 5 min. time frame :) Not possible ?? Yes, its possible.. but we will discuss on this topic later in some other post. CORRECTIONS and the ELLIOT COUNT: In this chart I can see three major correction. Each one having a different topping pattern. The first correction has a Rising Wedge; the second has Triple Top and...

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The sock is up, opened 1139.80, crossed 1147 resistance and made a high 1164. It moved quite fast and approached near resistance area so I should plan for a short. Waited for the signal candles A + B and placed a sell order below B (1156). I got in but the Stock took a turn and head higher in candle C. Looked at the Tape, huge selling bids @ 1162 which the buyers...

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Anticipating a pull back to 248 and 242 from the Bat PRZ near the channel high @ 263 / 268 zone. Although anticipating reversals yield handsome returns yet they are associated with high risk. So I suggest to have your own study before following the idea. Trade Safe, Be healthy. Hit like if this information is useful. Regards Bravetotrade

Bravetotrade Mod Updated 

> Looking at the above chart it seems we are nearing a top, may be an intermediate top. > Index has been in a strong uptrend inside a channel. > It seems the a gramophone pattern is in the making and currently its the last leg of the pattern. This leg may face strong resistance at the ends of the uptrend channel. > Can't say about the exact levels but if we...

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Hi, I am back with one more harmonic Pattern -- The Gartley For a brief overview about harmonic pattern fundamentals, first go to the link in the update section. GARTLEY PATTERN X-A: A strong leg which ends at an important Support/Resistance level. A-B: The most important leg to recognize this pattern. Should retrace exactly 61.8% of X-A. B-C: Should...

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Stock is in a strong downtrend; had a fresh breakdown @ 592. Last closing @ 580.25; selling opportunity can be found either on pullback to 592 or on break below 576. For this trade targets on the downside will be 555 and 536 -- where the stock may find some support. Trade safe, stay healthy. Hit like/comment if this information is useful. Regards Bravetotrade

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Expecting bounce back near 13/9/2017 from 1276 harmonic PRZ. Upside targets could be 1330; 1340 or near 1347. I ll look for buying patterns in the PRZ zone. But even if PRZ is breached on downside, I would look for buying opportunity on the said date (for experimental purposes). However, 22/9/2017 would be a warning day as from this day the price action may...

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That's true..down 2% doesn't mean it can not go down further. But the conditions are that: It should be in a strong downtrend on a higher time frame; and we should have proper tools and system to manage our trade. M&M has been in a strong downtrend on Daily, 4H and H. So I thought it could be nice short. But by the time I could open my lappy, stock was already...

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No absolutely not, its not easy. Perhaps the most difficult type of trading is the intraday trading. Reason being we have just 6 hours to accommodate our trades, and most of the time stocks dance here and there before giving that 15 min. to 30 min. window in which they give trending moves. I always get ready to lose when I day trade, but I always know how much...

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Nice breakout with strong momentum on RSI and above average volume. Currently near resistance zone 327-329. Lets see if it gives a buying opportunity on pullback or else the price action above the resistance will decide the entry. Targets are mentioned. Hit like if this information is useful. Trade safe Regards Bravetotrade