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Bearish Gartley

BTCUSDT - Cheeky Bearish Gartley Bearish Gartley formation inline with On Balance Volume. Quick analysis levels not an exact match but an idea for overall trend idea. With On Balance Volume - drawing a rising wedge. Not sure if this is valid on OBV chart indicator. A rising wedge is represented by a trend line caught between two upwardly slanted lines of support and resistance. In this case the line of support is steeper than the resistance line. This pattern generally signals that an asset’s price will eventually decline more permanently – which is demonstrated when it breaks through the support level. www.ig.com
by hmaroudas
20
I shorted this baby without telling my VIPs!These are Class C- trades. I design a Class system to differentiate trading setups and their value. Indeed, I do not trade Class C most of the time, but I do trade them occasionally. Class C generally don't produce a profit factor of 2 for my final target, so why do I still do it? Boredom? Maybe Like to earn some money? Maybe Seek Trill? NO WAY Trill seeking I'll do over my PlayStation, VR headset(wishlist) or Casino. I treat trading as a profession, not gambling!
Short
by RaynLim
4
USDJPY-Weekly Market Analysis-Feb23,Wk1My analysis for this year Mid 2023 still remains Bullish for US Dollar. So it's pretty normal for me to look for buying opportunity on USDJPY. If you are looking for shorting opportunity, the Bearish Gartley Pattern will expire by 31Jan2023, 6pm (GMT +8). This is not guess work but advance trading techniques that serious traders should know. The first harmonic patterns that form up and gives me a confirmation signal, I will engage the trade. Obviously I'm incline to long the Bullish Bat Pattern.
Long
by RaynLim
2
AUDJPY 4hr. Forecast!Hello Traders! After Completing Gartley Harmonic pattern in #AUDJPY as you can see in the chart and the Regular Divergence in the top of the chart with check of MACD indicator , I assume the the price will go down to the support line drawn from Feb 2021. I will pull the trigged at 90.73 with Stop Loss 91.72, my target is 87.62 BUT we have to manage the trade normally . anything can happens! What do you think? Please Like and Comments to this post and let's talk technically on this matter. love you all Let's Master the Market together!
Short
by Daragolbon
1
EURUSD: Bearish Reversal Idea, Seasonal AnalysisBearish Indications • Resistance Zone at 1.06428 • Seasonal Analysis show EXY remains Bearish in January 60% of times. • DXY is in a Bearish Trend on Weekly time-frame. • Gartley’s XABCD the point D indicates a reversal in the Zone of 1.06428 to 1.06605 • Monthly Seasonal analysis shows DXY remain Bullish in January 60%. • EXY remained Bullish in December 2022 which indicated to a point that seasonal are working so far. • Weekly Seasonal Analysis show EURUSD remain Bearish in 3rd Week of January • DXY is at a significant Support Zone 103.780 from where a bounce back is possible. • Slight Divergence spotted on ChandeMO Oscillator on EXY . Bullish Indications • 4hrs time-frame Higher Highs and Higher Lows formation. • 4hrs time-frame Three White Soldiers candle pattern. • Significant Support Zone at 1.06322 • EXY is in a Bullish Trend on Weekly Time frame. • Weekly Seasonal Analysis shows EURUSD remains Bullish in 2nd Week of January. • On Weekly timeframe DXY price action show an inverted hammer candle which indicates sellers are in control. • Traditionally EXY and DXY are negatively correlated. Biased : Short Trade PLAN (Short) Entry: 1.06556 (Fib Lvl 78.6%) TP: 1.05711 (Fib Lvl 38.2%) Stop Loss: 1.06881 ( Support area / Higher High/ Fib Lvl 88.6%) Risk/Reward: 1:2.39 N.B. Manage your Risk Accordingly.
Short
by adnanmagsi