Gartlely
Possible Gartley Harmonic Continuation FTSE 100 Index - June 202Redrawn initial Gartley Harmonic (Believe completed) however, a larger Bullish Gartley Harmonic possibly in play. The fib levels mostly technically line up but for B to C where the price move seems to be in excess at 0.943. Fib B to C - Target D = 1.272 a reasonable target, should the price move or exceed 1.618 then likely be invalidated. Courtesy of Investopedia www.investopedia.com
AUDUSDHi traders, AUDUSD is setting up for a downside move if price come to our mentioned pattern completion area then i will be looking price action for a short position opportunity on the top, if price break 0.61713 level without hiting our mentioned pattern completion area then this setup will be invalidate.
Trade with your own strategy GOOD LUCK.
SILVER - June 2022 - Work in ProgressI love technical analysis. One of the "things" for lack of better word is my attempts to determine the probability of a pattern forming before it happens. To use as a guide. Hand in hand are monthly, weekly and daily levels of support and resistance. Identifying similarities in what ever asset, not over thinking and having a bias and adapting to changes. One of the patterns I see here is that Silver as from now seems to be following the same pattern as Gold. I think similar to the UK FTSE being a fore runner against the S&P and then digital (BTC) currencies.
Looks like a Bearish Gartley is forming on Silver. This is a rough sketch, my thoughts maybe more materialistic looking at my Gold TA (Technical Analysis).
This is a draft. My plan is to next map out monthly, weekly and daily support levels at the Gartley points of interest.
XRP - Bullish Gartley PatternAfter a bit of a cool down of a crypto market, we are again starting to see some strength in certain altcoins, this time without BTC leading the wa like few weeks ago. We want such things to continue where btc ranges and slowly grinds upwards towards 50k area. it is only during such times is when alts have the best chance to outperform BTC, maybe even completely decoupling from its price in the final moments of the alt-season (days) for a short period of time. This is because investors get bored with BTC and so money starts to rotate from those with most of the gains already made (like BTC, ETH, ADA) into lagers and one of those is XRP.
I've also noticed a far to familiar pattern that has formed and got broken out of in recent pump. We are talking about one of the XABCD harmonic pattern and this one seems to be called gartley pattern. It is a very bullish sign to say the least. Will update about the price in the upcoming days to further confirm the breakout.
I am not a financial advisor so non of this should be taken as a financial advise. Be Well.
BINANCE:XRPUSDT
NIFTY bad news on the way?harmonics.app
www.investopedia.com
Read and learn about these topics its very useful
Check out the recent Gartley on BTC that played out perfectly.
How is this supposed to move?
when everyone is bullish on the trend line break im expecting a bad news to pop up and taking market all the way down 16% completing the gartley.
Do not blindly take short at that level (its risky but stoploss will be at 1%), instead follow a supertrend or some other trend reversal strategies at this level.
Do not open a long at resistance.
GOLD: HARMONIC GARTLEY FORMATION SETUP | SELL LIMIT ORDER ⚡️Perfect Harmonic Gartley pattern formation in High Rejection Area.
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