Bullish Gartley
GBPAUD - Bullish GartleyGBPAUD has a Bullish Gartley Pattern completing at 1.7575 which gives Harmonic Patterns traders an opportunity to engage the trade.
USDJPY-Weekly Market Analysis-Apr22,Wk4Last week's market analysis still stands, click the link within tradingview to view last week's analysis if you have not done so.
If you are an intra-day trader, you can wait for a 3-bar reversal at the Bullish Gartley Completion Point, 127.07 for a buying opportunity.
USDCAD - BUY MODE GARTLEY!!Today we look at the FX:USDCAD as it is setting real nice with patterns, FIB levels and AI all coming together.
Firstly the Gartley pattern that started early April and looks to be completing today @ the 78.6% level of 1.2461.
This turn zone is between 1.2461 127% ext and 1.2450 1.618% ext of the last move which is the final wave 5.
This is the first retracement from the April 5th low and its in AB=CD which is the favoured pattern.
Also with the AI for today we have an expected low around 2pm. This is a major turn event for the day.
Things lining up again which means we have to place orders.
Let me know your thoughts on this set up and ideas you also have for this pair.
Enjoy the day.👍👍
XRPUSD: Inverted Head and Shoulders at PCZ of Bullish GartleyThere is a Gartley on the Price action as well as the RSI and we are once again attempting to challenge above the neckline of an Inverted Head and Shoulders pattern we've formed at the PCZ and 800 Day EMA.
Bullish Gartley on the TLT Visible On Weekly TimeframeI'v been tacking this Gartley for a while now and eager to post it but opted to wait until it got closer to the PCZ before i posted and now we are pretty much here; This could signal the end of Rising Treasury Yields and the beginning of a Recovery Period within Equities and Securities. I will be taking profit on my Yearly TLT PUTs and buying some Yearly CALLs next week.
Shiba Inu: Double Bottom at PCZ of Bullish GartleyWe have tow bottoms at the .786 retrace PCZ of this Bullish Gartley with the addition of Bullish Divergence and if it plays out Shiba Inu could go absolutely insane as it has historically except this time there would be a tremendous technical argument as to why it does rather than it just being for the memes.
Bearish dragon into a 1 hour bullish GartleyStart of a breakdown from a bearish dragon, into the BAMM move of the bullish 1 hour gartley
UOS/USDTULTRA -
Bullish Gartley sprung with a backtest of spring on historic level of support with Class A Hidden Bullish Divergence - see you at $2 then $2.50
Potential Bullish Gartley on the NZDUSD 240Check out this potential bullish Gartley pattern on the NZDUSD 4H chart...
X to A impulse leg detected
A to B retraces beyond the 618 XA retracement but does not touch the 718
B to C leg extends beyond the 382 retracement of the A to B leg
Now just waiting for price to trigger us in at the 1272 extension of the A to B leg
Stop Loss is the 113 extension of the A to X leg
Take profit is at the 618 retracement from A to entry price
Thoughts?
Potential Bullish Gartley on USOILSPOT 4HWhat does everyone think of this potential bullish Gartley?
WTI has been on a tear recently and seems to be entering a period of consolidation.
I don’t use fundamentals to trade but with the OPEC monthly meeting coming up I predict we’ll stay in consolidation until then, which could be good for this consolidation trade.
What are your thoughts?
Bullish Convergence on MACD and Hidden Bullish Divergence on RSIFTT has reacted to the PCZ of a Bullish Gartley on the Weekly and has since begun to develop Weekly Hidden Bullish Divergence on the RSI and tail end Weekly Bullish Convergence on the MACD that could take it up to the levels of $94-$100
Bullish Hartley in bank nifty IndiaA bullish gartley pattern formed in daily chart which makes the market to reverse from its direction, if we analysed using wave patterns a correction leads to the down trend; the reversal happened after the correction gets completed. The market will directed towards upward movement in coming days.
Bullish Gartley patternBullish Gartley Pattern:
It starts with a bullish XA move. AB is then bearish. BC is bullish, and CD is bearish again.
XA: This can be any price activity on the chart. There is no specific price movement in Gartley chart formation.
AB: The AB move should be approximately 61.8 % Fibonacci of XA and should not cross the starting point X. If it crosses X then the pattern becomes invalid.
BC: The BC move should finish between 38.2% and 88.6% Fibonacci of XA and should no cross point A. If it crosses point A then the pattern becomes invalid.
CD: The CD move will be the final and important part of the pattern and to place a long trade when CD is 78.6% of XA. Ideally point D should represent 127% to 161.8% Fibonacci of BC. Look for entry at point D once you see the trend reversal. Note point D cannot be cross the starting point X. If it crosses then the pattern becomes invalid.
Profit Targets:
The full target price of the pattern is the 161.8% Fibonacci extension of the AD. However, there can be 3 intermediate targets before the final target
which are:
Target 1: point B swing
Target 2: Point C swing
Target 3: Point A swing
Target 4: Point E 161.8% Fibonacci of AD
Note that you can only draw (AD) Fibonacci retracement once the pattern has completed at point D and the price has reversed.
Stop Loss : should be just below X with a support channel.
If you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis.
Bullish Gartley at 200SMA with Hidden Bullish Divergence on 4HRWe got Hidden Bullish Divergence on the RSI at the PCZ around the 200 SMA on the 4 Hour Timeframe
WTICOUS Oil - Bullish GartleyWTICOUS or better known as the West Texas oil has a Bullish Gartley Pattern completion at 109.14, this is the price you could wait for buying opportunity to continue on the bullish trade setup.
XRP Bullish Dragon Breakout with Bullish Divergence on WeeklyWe have Weekly MACD Bullish Divergence at the PCZ of a Bullish Gartley leading to the Bullish Breakout of a Bullish Dragon on XRP that could take us to $1.33 but also has the potential to take us much higher than even that.
The $SPY is Potentially Setting up for Another Short-term BounceToday on the 4HR Timeframe we went down Below the Demand Line of a Falling Wedge Channel but ultimately closed back within the Channel then Bullishly Engulfed at the PCZ of a Bullish Gartley on the close of the next candle. We also showed slight hints of Bullish Divergence on the MACD whilst this was going on. This looks to be pretty good for any Market Bulls out there in the short to midterm but i we aren't completely out of the woods yet as the Macro is still Bearish. I will be looking for a Midterm bounce in the SPY but wont be targeting much higher than $450 before looking to see more continuation to the downside.
GRT at PCZ of Logscale Gartley Targeting $2.00 to $4.00 We are at the PCZ of Logscale Gartley and what could be a massive double bottom formation that could take us back up between the levels of $2 and $4 so long as we hold the zone between the Logscale .786 and .886 Retrace
USDJPY-Weekly Market Analysis-Feb22,Wk4If you have read the previous post(the article is within the link to the related idea within TradingView), the Bearish Butterfly has already brought you 167pips(approx. 1,670USD/lot traded) of profit.
Should the market continue to fall and reach 114.58, it will be a Bullish Gartley Pattern for trend traders to hop on the trade for a buying opportunity.
However, if the market reverses from this point, you should be able to catch the Bearish Bat Pattern on the 1hourly chart.
EURUSD-Weekly Market Analysis-Feb22,Wk4If you had caught the Bullish Shark Pattern and Bearish 5-0Pattern congratulation to you. That's 100pips on each movement, which totals to 200pips(2,000USD/lot traded) if you traded both of them.
Some traders do trade Type2 Pattern, if that's you there will be 1 that is showing up, the Shark Pattern on the 4-hourly chart soon.
However, if that's not for you, there is a Bullish Gartley Pattern that is complete on the 1-hourly chart in the same region.
Intel at PCZ of Bullish Gartley with Bullish DivergenceI bought a little earlier at $50 not being sure if it would pullback to the PCZ but now that it's here i will be adding major size to the trade with my stop below X.
USDCAD - Bullish GartleyAs you can see there are 2 Harmonic Patterns that have the same potential of forming up. Although the Bearish Shark Pattern is about to complete, however, my trading bias is on the Bullish Gartley Pattern.
You may wonder, "Why the Gartley Pattern rather than the Shark Pattern that's going to complete?"
Well, the reason is simple, having the Bullish Gartley formed, it can create a trading combo on the 4-hourly Bullish Flag Pattern. Is that simple.
That gives me the lowest risk and highest return possible.
