Bearish Gartley
S&P500 Sell Mode. With the S&P this week we could see a continuation to the downside towards 4000.
Last week we completed a Gartley to the 61.8% retracement from the ATH @ the 4590 area. That gives us the AB=CD target of 4000 at that level it will still be Bullish however a break below that level might see more selling.
If we look at time and price then our target should be hit the week after next.
There is also the possibility of the correction being over and 4400 will hold the key.
On a 15min timeframe we saw a rally Friday before selling off at the close.
looking for a rally early Monday to sell, I will post the shorter term TF in the comments.
I hope this helps.
Enjoy.
Potential pullback to the necklineHi traders. BTCUSD can pullback to the neckline to validate the Head and Shoulders pattern as you can see on this chart. I'm expecting for the next weekly openning to confirm the bearish condition. Weak volume, strong local resistance, overbought daily stochastic, weekly Heikin Ashi indefinition in a potential bearish momentum continuation. The Gartley's Crab X-B swing trendline can be the next diagonal resistance in a lower level. Potential local support at the wave 2 bullrun support line. You can see my targets based on Fibonacci Retracement on this chart. Thanks for your attention.
XAUUSD ShortXAUUSD completed a bearish Gartley pattern before going bearish until meeting our Support I would ordinarily buy from this point but spotting the three black crows at this point, I see an opportunity to sell further. I anticipate the market making a slight bullish pullback, creating a bearish flag to confirm our three black crows signal. I will patiently wait for it and enter a sell to take my profit around 1768
VOLTASWelcome to this analysis on VOLTAS
It has made a Bearish Harmonic Gartley Pattern on daily time frame on 14-01-2022.
Today it has shown a reversal from the PRZ and is currently forming a Bearish Engulfing Candle
Derivative data is also suggesting Fresh Short positions are taking place currently in it.
It could do a retracement till 1250-1225 as long as it does not trade above 1325.
Bearish Gartley May Be In Play After a Terminal Bar RejectionI will be targeting the major 1.13 extension of SLP's Lifetime Overall Trend for profit taking on this Hourly Bearish Gartley.
Price briefly peaked above the PCZ to get Overbought on the RSI but quickly settled back below the PCZ of the Harmonic this is the type of stuff we usually see after a Terminal Bar Rejection.
I will be entering the trade with a stop loss above the high
EURUSD-Weekly Market Analysis-Jan22,Wk2A Happy New Year to you. Yes, we are back on our Weekly Market Analysis, how have you been?
EURUSD on the 4hourly chart we have a Bearish Gartley Pattern that will be good for a shorting opportunity as the candle respected the PRZ zone of the Gartley Pattern more than the 1 that form in the GBPUSD. Check the comments at the bottom of TradingView for quick access.
However, breaking and closing above the red line or X for the conservative traders, and that will change our perspective and may not trade the Harmonic Pattern as the ascending triangle got back on track.
I'm waiting for market open and will engage the trade 2hours after the market open. If the market gap up, I will forgo the trade.
GBPUSD-Weekly Market Analysis-Dec21,Wk3Undeniable GBPUSD is on a Bearish run. However, there is a chance that the counter-trend traders may push, once the market break and close above the Buy Zone(blue) especially on the Daily Chart, the Blue wins.
For Harmonic Patterns traders or trend traders, there is an unbroken Bearish Gartley Pattern on the 1-hourly chart that is ready to be traded once the market open.
The only downside of the setup is that Point C touches Point A. We can argue that Point A has an ultra-long candlewick, but rules are rules
GBPJPY - Bearish GartleyA Bearish Gartley Pattern forms up as a trend trading setup within the sideways consolidation. It is a valid setup and a good consideration to short it once the market open. Between this and the GBPUSD which Gartley Pattern suits your trading profile better?
Comment down below.
GBPAUD - Bearish Gartley PatternThe third is the charm? Well, all my Pound pairs have the Gartley Pattern, so which of these 3 Bearish Gartley would you prefer? Comment down below.
The Harmonic Patterns setup on the GBPAUD completes within the sell zone. However, it's also one of the patterns that is yet to complete.
USDJPY-Weekly Market Analysis-Dec21,Wk3On the Daily Chart, USDJPY is on a potential Bearish Head and Shoulders which coincide with the Type2 Bearish Gartley Pattern and the 15minutes chart Bearish Bat that you see on this 1-hourly chart.
I'm waiting for the Bat Pattern confirmation on the intra-day timeframe and head in for the shorting opportunity.
This is the only trading idea I have that allows the stretching of targets that I've identified this week.
GBPUSD > The Best Place for A Sell..Hey traders, kindly support the idea push the like button, share, and comment below.
Analysis of #GBPUSD
A possible bearish harmonic bat pattern might complete soon structure resistance level to provide me with a reason to get in sell trade near a strong resistance level.
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Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
GBPJPY - Bearish GartleyA Bearish Gartley Pattern forms within the double top retracement within the longer-term Bearish Trendline.
To sweeten the deal, the confirmation ends with a long shadow candle/pin-bar completing the Gartley Pattern.
The downside of this is that the RSI has not reach the overbought zone and the closing price of the long shadow candle can throw traders off the scale of Reward:Risk.
Gold - Bearish GartleyDo you dare to short Gold?
If you do, $1866.73 is a good price you can consider engaging the trade on a Bearish Gartley Pattern formation.
However, a 3-bar reversal pattern is required on the daily chart as a minimum requirement for me to engage the trade base on the Daily Chart and with an RSI overbought or RSI Divergence.