Gartely
Bearish Gartley pattern (4H) GOLDThe Gartley pattern is the most common harmonic chart pattern. Harmonic patterns operate on the premise that Fibonacci sequences can be used to build geometric structures, such as breakouts and retracements, in prices. The Fibonacci ratio is common in nature and has become a popular area of focus among technical analysts that use tools like Fibonacci retracements, extensions, fans, clusters, and time zones.
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looking to going short as the gartley pattern is showing, the TP 1 will be the 38% of the retracement AD , and TP 2 will be the 61% retracement AD , SL will be the X point.
EURGBP LONG: Doji weekly close longer term play with GartleyWith a few hours to go it looks like we have an indecisive weekly close in the form of a Doji candle. In addition during the week my eyes spotted this Gartley advanced pattern which whilst not something I really trade any more I will note it. A chance to go long at the open on Monday if the weekly candle close still stands with a great RR and a longer term play.
GBPNZD GartleyPrice didn't make it up tot he top of our zone to complete the BAT pattern, however an updated chart shows that price made a disproportionate M which turned out to be a GARTLEY pattern.
There is currently rejection at the base of the final leg. I expect price to make it to the 0.38 level and then 0.61.
AUDUSD > Irresistible Trading Plan for A Buy!!Analysis of #AUDUSD
Hello friends,
we may have a potential advanced harmonics bullish bat pattern, I don't think of myself as a harmonic pattern trader, I am more of a harmonic pattern user because I use them a lot in my trading.
the pattern if it completes it will do so at an interesting level looking left, I will be watching this setup to see if it will provide an entry that met my rules
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Check today analysis below⠀
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-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
SILVER (XAGUSD) - big ABC correction (GARTELY) in completitionCorrelating the moves and the count with GOLD chart, we might are close to the completiton of a big Gartely Pattern (and ABC correction in terms of EW counts). So the red rectangle would be the short are to try to hold for a potential huge move down.
GOLD (XAUUSD) - Possibile GARTELY PATTERN or ABC CORRECTIONSo, we are again in a giant correction and probably we will rest into it untill post elections (middle November?). What i see as possibility now is a slowly drop to 1880 - 1855 area, then from there a rise up to al least 1955. So a strategy atm would be to hold the sells untill 1880 and close them from there to 1860 and then try a buy to 1955.