Harmonics Trading
So we have 3 different scenarios here...
Bull Gartley (Green)
Bull Cypher (Yellow)
Bear Butterfly (Blue)
Here I will long position until the Bull Gartley @ C which is around 120.40. If it starts to do a trend reversal then I will Short and target 119.40
If it passes 120.40 then the next target will be between 120.66 to 120.80 at the top of the trendline triangle.
Here if it starts to do a reversal then short to 119.40
If it passes through 120.80 then it will move higher towards 122.50 to and form a new triangle ranging between 121~123.
I have also outlined a red triangle between the bull gartley and bull cypher, if it will stay above the red triangle then it'll have a higher probability of bypassing the the bull gartley (green triangle).
Bull Gartley (Green)
Bull Cypher (Yellow)
Bear Butterfly (Blue)
Here I will long position until the Bull Gartley @ C which is around 120.40. If it starts to do a trend reversal then I will Short and target 119.40
If it passes 120.40 then the next target will be between 120.66 to 120.80 at the top of the trendline triangle.
Here if it starts to do a reversal then short to 119.40
If it passes through 120.80 then it will move higher towards 122.50 to and form a new triangle ranging between 121~123.
I have also outlined a red triangle between the bull gartley and bull cypher, if it will stay above the red triangle then it'll have a higher probability of bypassing the the bull gartley (green triangle).
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