BTCUSD: A Bearish Deep Gartley Has Staged BTC to Return to $6065This is a followup to the previous Bearish ABCD trade; BTC has officially with PPO Confirmation, has reversed from the PCZ of the Bearish ABCD to which I later realized the ABCD was part of a much greater Bearish Deep Gartley, and now we are below the 200-Day and 200-Week SMAs along with that we have broken below the demand line of an apparent Rising Wedge Pattern all at a 23.6% Fibonacci retrace which is a very shallow and weak retrace to have this all occur, but that only means the move back down will likely be much deeper and stronger.
We can consider what we initially got at the 0.786 PCZ of this Cypher as a Type 1 Reaction, but now it appears that price has been preparing itself to make a Type 2 Return, that will most likely take us to the Cypher HOP levels this time around which would land us at around $6000 once we hit that zone I will look for signs of Bullish PPO Confirmation before then anticipating a V-shaped recovery that should take us to new all-time highs.
There of course is a scenario in which instead of making a lower low to the HOP we just bounce back up again at around 16k and that was where my previous projection took it but upon taking in more of the weekly data I have concluded that 6-4k is more likely especially if we start getting super fast movement down week after week but if it is instead a more calm decline that gives us a clean double bottom with some PPO confirmation around 16k instead then I will jump in early; until then I see 6-4k as the most likely target.
For reference, I have included the link to the original Bearish ABCD chart and projection below as we may swap back to the original projection depending on the price action we get leading to both the original 16-12k Target and the new and current 6-4k target:
Deepgartley
Sideways Market Opportunity!🌟 Weekly Chart:
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💡 Trading Opportunities:
- Weekly chart: Bearish shark pattern in play.
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VETBTC: Bullish Divergence Just Below a Bullish Deep Gartley PCZVETBTC has been trading in this Bullish Deep Gartley PCZ area for many weeks now and is currently Bullishly Diverging just below the 1.618-0.886 PCZ Confluence Zone and if this divergence can bring VET back within the zone then I would be looking for it to trade up to four or five thousand sats.
$GME: Bullish Deep Gartley Trade Idea Remains ValidEarlier, GME hit the Stoploss level of the Previous Chart Idea, but it did not make a new low and has since gone back to the 0.886 PCZ level and is making a Second Level of MACD Bullish Divergence as a result. Due to these factors I think that this Bullish trade Idea is still alive and upon zooming out I can see that this could be a more Macro Double Bottom that could set us up for a Bullish Dragon Breakout in the coming weeks. If we break above the trend line we could see a rally to the 0.618 retracement, which would be a doubling of the current price.
WWE: Bearish Deep Gartley with Bearish Divergence on the WeeklyThere is some Bearish Divergence at an 886 Retrace Potential Deep Gartleyy PCZ with Bearish Divergence and so i will be selling some Longer Dated $80 strike Calls with lots of Extrinsic Value and use the credit that is obtained to Buying alot more Somewhat Shorter Dated Puts at the $80 stike with significantly less Extrinsic Value.
Gold Is Bearishly Back Testing The Weekly Moving AveragesRight now we can clearly see that Gold has Double topped at the PCZ of a Multi-Year-Alternate-Bat Pattern and also formed a small Deep Gartley at the PCZ of the Alt-Bat which ended up forming a Clear Double Top at the 1.13 Extension.
Now after a Notable Decline Gold has retraced back to the Moving Averages which happen to align with what we would see as the Double Top Neckline and the 88.6% Fibonacci Retracement. If price can hold below these Averages we will likely see it make a move back towards the lows between $1,377 and $1,000
LTC Marketcap Sitting at the PCZ of a Logscale Deep GartleyWe have 0.886/1.618 confluence at around 3.5-3.3 Billion Dollars and are currently Banging up against a Trendline that if we break above could be the start of something big. I'v already got some other bullish charts on LTC charted in different ways and everytime and every way i look at the ltc charts i just see huge amounts of bullish potential and i'm just adding this chart to the growing list of bullish charts on LTC. The other LTC charts can be seen in the Related Ideas Tab below.
FCPO TRADING: 143) A POSSIBLE DEEP BULLISH GARTLEY PATTERNhi, this is haidojo trading and the number is 143...consolidation breeds advanced patterns...likewise, now we might face a possible deep bullish gartley pattern...it is compatible with the formation of the "neckline" in my previous analyst...don't aim high on this one...even if it works, it will just rise back mildly...not that kind you wanto hold for swing trade...nor mid-term period...
for the bullish gartley pattern, buying range frm 2650-2560...Stop-loss below that range...tp 2685...no extended target...
higher resistance : 2750
immediate resistance : 2710
lower support : 2560-2605 the possible neckline for "head-and-shoulder"
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING. It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
FCPO TRADING:146) DEEP GARTLEY POSSILBY MISSEDhi, this is haidojo trading and the number is 146...consolidation breeds advanced patterns...
for the bullish gartley pattern, buying range frm 2605-2560...Stop-loss below that range, 2550 maybe...tp 2685...no extended target...
as for what has happened today, the price missed 2605 by a few points and rebound...it eventually hit the tp 2685, closing to 2700 and reversed...most probably this trade was a miss...
higher resistance : 2750
immediate resistance : 2710
lower support : 2560-2605 the possible neckline for "head-and-shoulder"
WARNING!
RISK DISCLAIMER : this is juz a trading idea...trading stocks, futures or forex might incur a huge risk to your account/funds… DON’T LOSE MONEY THAT YOU CANNOT AFFORD …any idea(s) of trading in this episode SHALL NOT be regarded as a hint of BUYING or SELLING . It is MERELY a trading journal and it has been used for educational purpose only… trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
DXY deep Gartley completion at 93.70DXY looks to be completing a deep gartley on the 1h chart.
It is a deep gartley because the ABCD pattern completes above XA 0.786.
I expect DXY to go higher over the next few trading days.
It should test 93.70 to complete this deep gartley before potentially resuming its downtrend.
Since I cannot trade it directly with my broker, I have shorted GBPUSD on a small bearish bat.
A great week overall, hopefully the winning streak will continue next week!
Wish everyone a great weekend ahead!
NASDAQ - Potential Bearish Deep GartleyI analyzed DXY over the weekend, with it clearly breaking 95 on the daily chart, I expect it to challenge 88 soon.
A lot of investors are losing faith in the USD, selling USD to buy all kinds of assets.
With continual drop in USD, I expect Nasdaq to continue its rally, minimally towards 10980.
Nasdaq will complete a deep gartley around this level, which I will wait for a break of support before considering whether to go short.
A deep gartley is when the ABCD structure exceeds XA 78.6, we will then shift our focus to XA 88.6 to look for a potential reversal.
Right now, it is looking bullish, and I expect another 300 points move upwards minimally. If you want to trade today, buying is the right move with targets at 10980.
Good luck and good trading.
FKLI TRADING : 98) continuation of trade 93this is an update of the previous deep bullish gartley pattern...haidojo here, this is trade 98)...
current support right at 1587...it might hit D leg completion later ranging frm 1567-1560...let's see how it goes...
IF you dun trade advanced pattern, stay away...this is a counter-trend trade...and the 1st tp is 1587,
SL can be made a few points below 1560...
for more info, pliz look at trade 93...I will put it down in the link below...gud luck and gud trading...
WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
**your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
Trade Ideas Position: AUDUSD SharkRested on the daily chart major resistance, the bearish shark pattern has formed and shared the same level as the deep gartley setup within the same timeframe.
Will be trading as a shark pattern as this is spotted before the gartley. Pending order set for this countertrend setup.
USDJPY-Weekly Market Analysis-Nov19,Wk5If you have been following on my trade analysis, you should know that I'm waiting for a buying opportunity on USDJPY for a trend reversal trade.
There are 2 strategy that I am waiting for to engage the trade.
1) Bullish Shark on the 4-hourly chart
2) Deep Bullish Gartley on the 1-hourly chart
As the level is close to each other, I chose the Bullish Shark setup on the 4-hourly.
The reasons, for this reason, is as follows:
i) I spotted the bullish shark pattern weeks before the forming up of the bullish deep Gartley on the 1-hourly(Trade what you see)
ii) the forming of the deep Gartley pattern broke 2 of the critical rule on Point D completion(if you learn from the right school ahem.. you should know, if you truly don't, then the source of your information may be way off)
iii) reward is to risk ratio of the bullish shark is way better than Gartley - well this is not the reason why I do this, but to many, this might be, not here to judge but I see that the 1st 2 reason is more important. Simply mean if I spotted the deep Gartley first and none of the critical rule is intact, I will trade base on the deep gartley target.
Trade Ideas Position: EURUSD GartleyIs my favourite kind of Gartley pattern. Sell at X is what I usually says for this kind of setup. It gives me the best reward:risk it does help to boost the portfolio but the downside is that is near X so X can be violated and change of trade it just a snap.
You have to decide if this is for you, but it's definitely for me. Trade Engaged.