Gartely
BTC: Beware the Bearish GartleyCould be a good idea to lock in some profits just in case BTC has a deep correction. The .774 across the top is very close to an exact .786 for a Bearish Gartley setup. Adam & Eve should still be in play even this correction.
NCashBTC(15m) - Fall to the pair wasn't sudden but a retracementNCashBTC(15m) - Fall to the pair wasn't sudden but a retracement
Initially Gartley pattern detected but the retracement reached only up to 382 and not 786, this could be due the uptrend movement.
While following Gartley, there is a formation of Cypher and Crab pattern which then suggested the downward momentum for D completion point.
Due the formation of C leg of both patterns, a double top has been detected which again suggested the downward fall to atleast 361 inversion of last leg. While the D leg of Crab also comes near this inversion 361 which provides second confirmation.
BTCUSD Repeating patterns ratios and timeChart shows 2 relief rallies that have failed at .382, double topping on declining volume - 64 dollar question is will it repeat for 3rd time?
If BTCUSD is around double top area on the 14th 15th or 16th April then I would be adding short. (time cycles). Conversely I'd be looking at a swing bottom around the 16th if we push lower
Until then will look for short term selling patterns
Still no reason to be a buyer of BTC. Very much a bearish chart still. Advancing Volume on the upside break is the key to watch for, with price trading over 8500. Personally I don't buy break outs, would wait for a bullish gartley to buy.
WTI: Potential ABCD reversal to $57Crude (Brent or WTI) broke out their respective consolidation range over the last few days and are completing an xABCD pattern. If you would to pull out the weekly chart for CB11, you should be able to trace out an ABCD completion. Downside projection suggest a low teen downside target to $60 for CB1! and $57 for CL1!. Most traders are looking at inventory numbers and forgetting it takes strong oil demand to work down the inventories. If the Donald launches another round of tariffs on China and China retaliates, we can kiss the bullish demand picture good night.
BTCUSD: Gartley Pattern | Short BitcoinThe BTC price is going upward last few days. It almost reached a structure high at 11765, which act as a resistance level. The buyers is going to liquidate positions to lock their profits and the sellers are going to enter at that structure high. Those scenarios will most likely drop the price down. Structure analysis, & gartley pattern both provides a good probability trade to go short.
T1 - 38.2
T2 - 61.8
GBP/JPY // Gartley Pattern Long!There is AB=CD and Gartley Pattern, maybe you guys want to trade this but I don't. I DON'T TRUST GARTLEY PATTERN :D
GBPUSD - Gartley & Bat - 4HHi Guys,
Here we have the GBPUSD chart on the four hour please see detailed breakdown of the analysis below:
Gartley (Blue Pattern): The Gartley completed and price reversed from 'd' point twice. First hitting the 0.23 retracement then 0.50. Price has now dropped straight past the 'd' point and is hovering between x and d of the Gartley. It is yet to reach x point.
Bat (Pink Pattern): A larger bat is forming and price is dropping towards d point for a potential reversal.
I see two possible scenarios:
Scenario One: Price rejects 'x' of Gartley and reverses to complete full 0.618 target on Gartley
Scenario Two: Price rejects 'd' of Gartley and drops to complete bat.
I will be watching price closely at opening. Personally, I think it will reject 'd' of the Gartley and continue to travel towards the 'd' of the bat inline with the downtrend shown on the chart (grey line).
Not the simplest of analysis but covers a few options.
Would appreciate any thoughts or opinions on this.
Thank you!
Victoria
GBPUSD Bullish Gartley 4hThis gartley still needs a good 200 pips down until the entry level, might get there this week though!
GARTLEY? On Bitcoin? what do you think.. late post from days agoWell... As I have been following BTCUSD I noticed a gartley that could be forming.. I marked it up a few days ago but didnt get a chance to post.. I believe a bearish Gartley will only set us up for the posible ending of this complex correction!
let keep an eye on it..
Potential Bullish Gartley Forming ON EURUSD 4hr ChartPotential Bullish Gartley Forming ON EURUSD 4hr Chart.
Patience will be required to wait for price to reach the Potential D Zone. Where The Bullish Gartley Will have formed completely
EOS: Cup Pattern and Max Gartley For the Handle BITFINEX:EOSUSD
Cup Pattern in the last stage. Waiting for the Handle to be completed
A Max Gartley shaped perfectly in the end of the Cup which might push to complete the Handle
Max Gartley Pattern Target between (1.6 - 1.8)
Cup/Handle Pattern Target is 2.1
Shark pattern DAX weekly chartVery fine Shark Pattern, in DAX weekly chart.
See the double top on the chart, and compare it to the lowering top on the 21 RSI.
Comment what you think.
A Great Fall of EURJPYA gartley pattern has been formed from 2015 to date thus we expect a great fall of EURJPY
USDNOK Bullish Gartley patternThe USDNOK is hopefully on its way to complete af gartley pattern, Targets may vary depending on where in the zone you enter, so if you enter this trade upon completion of the gartley you can do a Fibonacci retracement of the AD leg to get a more precise target, 38.2 for T1 and 61.8 for T2.
AUDUSD potential Gartley pattern formingIf we get a completion of the gartley pattern on this pair, a short opportunity will show itself. :-)
