The pin bar was a reaction from the 78% Fib retracement and also an equal 1 to 1 AB=CD, but now let's see whether there will be a follow-up and price confirmation for long. This level is also a 61% retracement of the bigger swing up so a confluence point. For now, I don't see a definite entry signal unless I want to buy the level which I often do at the higher...
We might play out this as a Gartley222. Not entering at the 78% retracement level, but we have a great pin bar on the 2Hour chart at a very Key level. Close below the previous major low and a 1 to 1 AB-CD move. Volume profile- the pin bar occurred on raising volume which for me indicates stops taken, but also it's what Wyckoff will call nonvalidation, huge...
Potential Gartley222 playing out which is an AB=CD at the 78% Fib retracement level. In this case with the trend. I am mindful of the 0.8800 level so will place an order there. I can miss the move as it is slightly above the 78% retracement, but prefer a smaller stop loss for a bigger potential reward.
Short opportunity in the form of a harmonic Gartley pattern or simply an AB=CD at the 78% retracement level. This is with trend trade, the price at the moment is at the Weekly 20 EMA. Hope for a bounce from there. The risk to reward illustrates the distance to the 161% extension. It's a long way to go so if you decide to run this as a runner target, you better...
Planning to buy the 78% Fib level (if the structure doesn't change) which also is a previous support/resistance level. Stochastics is also showing some hidden divergence. Longer target is the 161% extension. Look on the left - the same setup played out pretty well. The 161% extension was reached in a bit over 3 days. Why do I mention that? In an uptrent the...
Something I was observing for, but didn't enter. One way to trade Gartleys is to enter directly at the 78% retracement lever with a stop behind the previous high/low. (Point X) There was no good signal bar at 30 min, 1 hour nor the 2 hour chart so this was a viable way. In this case, one-to-one was already reached. Larry Pesavento suggests for targets the 38% and...
I am placing an order where the red box is. Entry is the upper side and stop loss is the opposite end. Placing my order behind a previous low where naturally stops will reside - this low is also a previous daily bar low. My entry and where the AB=CD ends is at the 20 Daily Moving Average so expect a bounce from there. The fans of harmonic patterns can recognize...
A Gartley pattern is building up, I think about going short, in case price breaks countertrendline.
Per setup idea on the chart - possible bearish setup on the AUDJPY . Good loot management in play.
NATGAS, has produced a Gartley pattern after testing resistance, could be a good time to short it down if price action agrees. Targets towards $3 could produce risk reward ratios of 1:3.
Why sell? Bearish Gartley ''222'' Bearish regular divergences at X Bearish hidden divergences at D A number of indecision candles appearing at D (2 spinning tops, 1 deviant hanging man, 1 doji) Good luck to everyone trading Bitcoin this weekend!
Sold EUR/JPY on market open at 125.999. Congratulations sellers! Looking at the 4h charts we see a three drives to the top up to a 0.618 retracement, completing the Gartley. I'll be looking for liquidity around the previous support. Good luck to everyone trading EUR/JPY!
Bearish Gartley ''222'' Fibonacci cluster: 0.707 retracement 1.618 extension 1.00 projection Check related ideas for more technical analysis on Bitcoin!
''SELL MARKET ORDER'' Why sell? Gartley '222' Regular bearish divergence Preceding hidden bearish divergence High-wave candlestick pattern formation Good luck to everyone trading greenbacks coming into next week!
''BUY MARKET ORDER'' Why buy?? True double bottom (Gartley '222') Regular bullish divergences Rickshaw Man (doji) candlestick pattern Good luck to all trading GBP/AUD!!
''BUY MARKET ORDER'' Why buy? Gartley '222' RSI hidden divergence Fibonacci cluster Butterfly Butterfly: Cluster consisting of: 0.786 ret. 1.618 ext. 1.618 price & time projection Good luck to all trading AUD!
''SELL MARKET ORDER'' Why sell? Gartley '222' (BAT) Trendline resistance Hidden divergence Targets: 1.618 2.618 Good luck to all trading JPY!