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Gartley

Bullish Gartley + Bullish Pennant Break Combo - XLMHere I have COINBASE:XLMUSD on the Weekly Chart! After the 2.5 Year long Bullish Gartley Harmonic Pattern had finished forming this July 2024, we see Price has been working into a tight Consolidation Pattern called the Pennant! This Harmonic Pattern has been quite the Rollercoaster for longtime COINBASE:XLMUSD investors but with the Bullish Rally brought on this week, we see Price Breaking Above the Falling Resistance of this Pennant Pattern to the .10 area! -If Price can find Support upon retesting the Break of Falling Resistance and stay above, we could see COINBASE:XLMUSD bask in .10 range and Push Higher!! -RSI is now pushing Above 50 after the period of Consolidation stuck just underneath, indicating Bullish Interest is building **If Price is unable to sustain these Higher Prices, this current Bullish Break could become False and we could see Price play back down into the Pennant Pattern! With the Trump/Vance Campaign, we heard a lot of plans and potential being put towards the Cryptocurrency Market and with the win of the Presidency, we could start to see more Interest in this financial area. Further updates will be on Daily Chart!
BITFINEX:XLMUSDLong
by Novi_Fibonacci
26/10/2024 - XAUUSD - Bearish Gartley PatternAs of October 26th, 2024, XAU/USD (Gold) has formed a bearish Gartley pattern, suggesting potential downward movement. Here’s the trade plan: Trade Details: Option 1: Entry: Sell in the Potential Reversal Zone (PRZ) Stop Loss: 2759.50 Option 2: Entry: Sell Stop at 2740 Stop Loss: Above the defined last high (LH) Reason for Trade: The bearish Gartley pattern suggests a possible reversal to the downside, with opportunities to enter at the PRZ or after a breakout below the defined LH for added confirmation. Disclaimer: This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
OANDA:XAUUSDShort
by Unknown_Trader007
BEARISH PRESSURE ON BTC to 56,282.5 priceGood afternoon traders, Trust you are doing great. Please find below my outlook on this cryptocurrency, BTCUSD. Type: Emerging Bullish Gartley Completion Point (D): Projected at approximately 56,282.5 Consider short positions as the pattern approaches this level. Potential Reversal Zone (PRZ): Range: 56,282.50 to 56,036.69 I expect to close short trades within this zone, anticipating a bullish reversal. Target Levels: These are my potential targets T1: 57,487 T2: 56,935 T3: 56,282.50 These are key Fibonacci levels for exiting trades as the price moves downwards. Entry Criteria: Though the trade is currently in play, as such this is a late analysis. But here was my thought line before the trade was triggered. I allowed the 60,298 price to be broken just to allow the market to show bearish commitment before entering short trades. Stop loss: The trade will be invalidate if price goes above leg A. However, because the trade is aggressively towards the D leg, 61,355 would be a decent SL position. Cheers and happy trading!
BYBIT:BTCUSD.PShort
by Samuel124
SMCI: Stock Split with Chart UpdateSMCI had a stock split, so I have to update this chart. Light Fundamental: It is a stock called SMCI (or Super Mico Computer). It is a US company that makes super powerful computers and servers. The world needs servers to help run things like big websites, apps, and AI. The stock price fell by half. So, it is selling at a discount for what it is really worth. So, it is a good chance to buy it. Technicals: Gartley-like pattern diagonal support engulfing bullish pattern with d3 volume and volume confirmation a-b-c completion at a 78.2% fib pullback Entry is above the weekly engulfing bullish candle at 475.44. Target is, tentatively, 1500. Note: preparing for either an election rally or a Christmas rally in stocks
NASDAQ:SMCILong
by Rocketman
BITCOIN - Trading Consolidative Markets Using Harmonic PatternsBitcoin, like many other markets has been stuck in a sideways shuffle as of late which can be very frustrating for most traders, since most traders tend to look for continuation type of trading opportunities. For those looking for an alternative way to trade, here's a look at how I use advanced (harmonic) patterns, specifically the Gartley patter, to take advantage of times when the market is consolidating or moving sideways. Hope you enjoyed the video and feel free to leave any questions or comments below. Akil
BITSTAMP:BTCUSDShort
by Akil_Stokes
5
BTC 4hr Gartley support and resistance 9/22/24 Gartley Pattern: This updated chart seems to continue the earlier observed structure, resembling a Gartley pattern. The key points in the structure are: 1. X to A: The steep uptrend from February to the peak around April/May, marking the first major leg of the pattern. 2. A to B: A decline starting from May to around June, signifying the downward retracement of the first leg. 3. B to C: The rebound from June to around August/September, forming the second leg of the W-shape. 4. C to D: The final leg is projected upward, suggesting that the price could rise again towards the $70,000 level, completing the pattern. This structure implies a bullish Gartley pattern, where a final leg to the upside is expected if the key Fibonacci retracement levels hold. Fibonacci Levels: Using Fibonacci retracements and extensions helps confirm the strength and potential of this pattern. XA Retracement (A to B): In a Gartley, the retracement from X to A (the first decline) typically hits the 61.8% Fibonacci level. In this chart, the decline from May to June retraces a large portion of the previous uptrend, indicating a strong move. The sharp retracement aligns with the idea of a Gartley. AB Retracement (B to C): The retracement of the second leg (B to C) is commonly between 38.2% and 88.6% of the AB leg. Here, the move from June to August aligns with this, forming a significant bounce. CD Extension: The last leg (C to D) typically extends to 127.2% to 161.8% of the BC leg. The projected upward movement toward $70,000 fits within this Fibonacci extension zone, which would mark the completion of the Gartley. Support and Resistance Levels: Support: Key support levels are around $48,000 to $50,000, which has been a consolidation point before the projected upward leg. This is reinforced by both the Fibonacci retracement and previous price action. Resistance: The final target of the upward move aligns with $70,000, where a Fibonacci extension matches earlier highs. Conclusion: The chart suggests a bullish continuation in Bitcoin’s price action, following the pattern's upward projection toward $70,000. The Gartley pattern and Fibonacci levels reinforce the potential for this upward move, provided the key support levels hold above $48,000. Traders might look for buying opportunities near the current support zones, while watching for resistance around $70,000.
BITSTAMP:BTCUSD
by ILL_Midas
SMCI Bottom and Christmas Rally To ComeLight Fundamental: It is a stock called SMCI (or Super Mico Computer). It is a US company that makes super powerful computers and servers. The world needs servers to help run things like big websites, apps, and AI. The stock price fell by half. So, it is selling at a discount for what it is really worth. So, it is a good chance to buy it. Technicals: Gartley-like pattern diagonal support engulfing bullish pattern with d3 volume and volume confirmation a-b-c completion at a 78.2% fib pullback Entry is above the weekly engulfing bullish candle at 475.44. Target is, tentatively, 1500. Note: preparing for either an election rally or a Christmas rally in stocks
NASDAQ:SMCILong
by Rocketman