Lemme tell you some basics of Bullish Gartley (Harmonic-Pattern) XA: The XA move could be any price activity on the chart. There are no specific requirements in relation to the XA price move of the Gartley chart formation. AB: The AB move should be approximately 61.8% of the XA size. So, if the XA move is bullish, then the AB move should reverse the...
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Rules Guiding Cypher Pattern For every potential trading pattern, there must be guidelines and laid down rules. It is also applicable to Cypher Pattern. While identifying a cypher pattern, look out for five different points. They are the X, A, B, C, and D points. The lines between each of these points are legs. These legs are also XA, AB, BC, and CD,...
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Jun 12 Pattern is Bearish AB=CD , but here i am showing the beauty of opposite side of pattern. AB = CD Harmonic Pattern This pattern can be adopted to buy when prices are low and sell when they are high. But, here i am using it in Bullish view because it's CD leg is about to complete. Few general points about this pattern are: 1. AB=CD is a reversal pattern...
INVERSE HEAD & SHOULDER : KEY POINTS An inverse head and shoulders pattern, upon completion, signals a bull market One should enter into a long position when the price rises above the resistance of the neckline. 3 Component parts of Inverse H&S are: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price...
1. After long down-trend : consolidation can be seen, which means trend is sideways...Once this range is broken, it lead to bigger up-move. 2. RSI & MACD confirms the BO every time. 3. Key aspects of consolidation : longer the consolidation, the bigger is movement on BO. Ascending Triangle Pattern.. 1. Flat top : bulls tried many time to break the ...
1. Since No'20, Price BREAK-OUT can be seen, many times, after CONSOLIDATION that indicates the price will start trending higher . 2. Mid-Term MA (tells that stock is in up-trend) and Resistance level of Eve & Adam DB , are almost at same levels, which indicates strength in stock. 3. About Double Bottom pattern ..... The first bottom of the pattern is...
As the name suggests, resistance is something which stops the price from rising further. The resistance level is a price point on the chart where traders expect maximum supply. The likelihood of the price rising to the resistance level , consolidating, absorbing all the supply, and declining is high. The resistance is one of the critical technical analysis tools...
Rectangular Channel BO Rectangle channel patterns are formed by price action between two key trendlines bound by multiple equal (near) highs and lows. The duration of the pattern can be a few days to months. Longer duration patterns are considered to be more reliable. The volume inside the pattern is non-decisive, but volume tends to increase during the...
About Rounding Base.. The rounding bottom pattern, also known as the "saucer" or "bowl" is a longer term pattern that is usually identified using a weekly chart. Typically (62% of the time), there is an uptrend prior to the rounding bottom. Prices then begin to fall, followed by a shallow bottoming process, and then prices begin rising at a steeper grade...
Psychology of Inverse Head and Shoulders Pattern.... The psychology of the inverse head and shoulders pattern is explained next: The head and shoulder bottom pattern occurs during a downtrend, with the left shoulder being an additional lower low for the downtrend. The first peak after the left shoulder is just another expected short-term retracement up in a...
Theory behind 3 Valley strategy... 1. The three rising valleys pattern is preceded by an uptrend usually, but can be preceded by a downtrend as well, and the pattern itself suggests a break further to the upside. 2. There are three valleys, the second valley's low price is higher than the first valley's low, and the third valley's low is higher than the second...
Pattern is Bearish AB=CD, but here i am showing the beauty of opposite side of pattern. AB = CD Harmonic Pattern This pattern can be adopted to buy when prices are low and sell when they are high. But, here i am using it in Bullish view because it's CD leg is about to complete. Few general points about this pattern are: 1. AB=CD is a reversal pattern that helps...
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