Get started

Bullish Gartley

XLM still very juicy. Bullish Gartley Forming?! I continue to be very interested in XLM. Referencing my previous post on XLM, the right shoulder of the inverse head and shoulders pattern ended up being very violent and broke through the neckline like butter on a rampage straight to 16 cents. Go XLM!! Woo woo. Now Bulls are looking at where to re-enter into a new trade after taking profits and knocking it out of the park last week. As I studied I noticed that there may be some harmonic patterns forming. From the drawing you can see the initial move from the bottom for XLM fit pretty well into a Bullish Cypher pattern. This appears to be followed up by a nice Gartley pattern forming with the current retrace. The Potential Reversal Zone for the Gartley Pattern coincides nicely with the bottom of the current trend channel. Coincidence? Possibly, it will be interesting to see. I am targeting the Green PRZ from the Gartley as an extremely strong buy in area if the pattern continues to develop and we get price re-tracement toward the 10 cent range. Green area is Potential Reversal Zone for strong buy entry and Red Area is the 1.618 Fib range for selling target from the Gartley trading strategy. I still think we are on our way to pre BCH war prices from last Oct-Nov that many of the other coins have already rallied to. XLM has a TON of upside right now and is my Alt coin of choice currently. It's looking very juicy. Rick - The Crypto Juicer
KRAKEN:XLMUSDLong
by RickyPMN
3
Binance Coin - Gartley 886What's going on everyone, I hope you all had a great weekend! Today I'd like to provide a short-term technical outlook on Binance Coin (BNB/USD). BNB/USD is in the final stages of forming a bullish gartley 886 formation on the 1h chart, providing a trading opportunity with a 1:2.5 risk to reward. The measurements for a valid gartley 886 are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.13 - 1.618 X to D: 0.886 (Only applies when AB=CD completes beyond 0.786) The reversal may well take place at the 0.786 retracement but the better option would be to wait on the lower entry level. This setup should be executed in real time based upon the price action that follows the confirmation of the potential reversal zone. My main focus is 22.27, once price tests this area I'll be dropping down to the 15m chart to look for an entry. If price starts slowing down and consolidates in the current area it'll be unlikely I'll take the trade (I've provided an example below). We experienced this type of price action around the C point as shown. Remember to keep your risk in check, don't set any pending orders at 22.27 this should be executed and managed in real time. Let's have a good week of trading!
BINANCE:BNBUSDLong
by LewisGlasgow
6
GBPJPY : SAE IV - ABC FeverFX:GBPJPY Monthly Analysis Bearish Shark Pattern Target 0.886 Corrective Wave (ABC) Potential Bullish Gartley Advanced Pattern AC 0.618-0.886 BD 1.272 Potential Bearish Gartley Advanced Pattern AC 0.618-0.886 BD 1.272 Potential Bullish Shark Pattern 0.886 (unconvincing a-c?) Potential Hidden Bearish BAT Pattern 0.886 (Weekly Timeframe) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels Hedging Strategies activated Buy again targeted 2nd red zone This is an update from previous weekly chart analysis The Money Journey - Hope for the best and prepare for the worst Press the Likes and Follow button even if you don't want to.. that's just what is called "Thank You for all your Support" :)
Short
by EchoLAB
GBPJPY : SAE III - Where's Wally Now?FX:GBPJPY Weekly Ahead Analysis Bearish Shark Pattern Target 0.886 Corrective Wave (ABC) Potential Bullish Gartley Advanced Pattern AC 0.618-0.886 BD 1.272 Potential Bullish Shark Pattern 0.886 (unconvincing a-c?) Potential Hidden Bearish BAT Pattern 0.886 (Weekly Timeframe) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels Hedging Strategies No Brexit Hope for the best and prepare for the worst This is an update from previous weekly chart analysis ~ The Money Journey
Short
by EchoLAB
Long on Gold!Gold Set up A very clear 'Cup and Handle' has been formed on the daily. Normally once the handle has been formed, we will see something similar to a double top where price is reaching resistance. we will have to wait to see if we can if gold breaks up into a long position where we will see new highs on the gold price which could at least reach the price of 1320.00 minimum. or.... we will see gold break down to a demand price for gold buyers of around 12800 and look to buy. I am favouriting long on gold.
TVC:GOLDLong
by Londonwasps6
EUR/CAD 1H Bull Gartley formation @ 1.50785Pair is now forming a potential bullish gartley pattern completing at 1.50785. RSI is confirming buy signal as its reading is below 30 already, so we might see an RSI divergence at the completion if bears push price any lower. ATR based stops below the Gartley starting paoint X. I remind you that this is just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. :) Plan your trade, trade your plan and good luck in the markets.
Long
by TheDailyTrader_FX
EUR/CAD 1H Bull Gartley formation @ 1.50785Pair is now forming a potential bullish gartley pattern completing at 1.50785. RSI is confirming buy signal as its reading is below 30 already, so we might see an RSI divergence at the completion if bears push price any lower. ATR based stops below the Gartley starting paoint X. I remind you that this is just my vision about possible market movements. If you have your own, please share in comments. I will be glad to discuss with you. I will be very grateful for supporting my post by your LIKEs, if it's not so hard for you. :) Plan your trade, trade your plan and good luck in the markets.
Long
by TheDailyTrader_FX