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Gartley

USDJPY Going downAs we all know, the news that is coming this week is going to dictate how the market is going to play out. My chart analysis shows that Elliott wave from BC is almost complete. I predict that over the coming weeks/months the US dollar is going to sink, this was originally fueled by the news that Mike Burry has bet billions on the Nasdaq crashing. That would bring about a drop in the DXY, gold through the roof, and dollar pairs under your desk. The question is when? well, has Mike Burry gone too early again or is he on time this time. We will have to wait and see. Published 19th September 2023
Short
by Elite_Trading_Signals
CUP AND HANDLE• weekly chart analysis • cup and handle chart pattern breakout • one year to breakout cup and handle pattern • stock treading at the 557 level and 530–535 as a breakout of the pattern. • target for the chart patterns 680 fundamental analysis positive for the stock 1) PE RATIO < INDUSRTY PE 2) PEG BELOW 1 3) ROE > 15% 4) ROCE NEAREST 15% Business Segments Edible Oil and Vanaspati Distillery Real Estate NEGATIVE FOR THE STOCK 1) DEBT TO EQUITY RATIO APROX 1 2) EV/EBITDA HIGH 3) NO ONE MUTUAL FUND AND FII BUYING
NSE:BCLINDLong
by investigationofchart
Opportunities Abound!The Dollar Canada pair offers a chance to capitalize on a bit of consolidation after an uptrend movement. Upon examining the daily chart, there appears to be a retest of the previous resistance, indicating a favorable buying opportunity for counter-trend traders. The 4-hour chart shows a retest of the support area, which could potentially lead to a harmonic pattern on the intraday time frame, such as the 15-minute or 1-hour chart. On the weekly chart, the Dollar Canada has a fib-3 bat pattern completing at 1.2579, hitting its resistance level. For support-resistance traders, there is a candlestick confirmation over here, which could indicate an aggressive selling opportunity. However, due to the lack of other trading ideas support, this may not be an attractive option. The daily chart shows a bearish shark pattern that has already been validated and engaged in movement, hitting the support level. Structure based traders may want to look for a buying opportunity around this zone at 1.3508. The 4-hour chart has a retest of support at 1.3495, which is a zoomed-in version compared to the daily chart. On the 1-hour chart, support-resistance traders can look for a shorting opportunity on the mini buy zone over here at 1.3529 the immediate level. The 15-minute chart provides multiple trading opportunities, including a bullish bat pattern completing at 1.3506, a bearish deep gartley pattern completing at 1.3547, and a bullish butterfly pattern at 1.3478. These opportunities can be identified by those who know how to spot them. As a suggestion, a Bullish Bat Pattern completing at 1.3506 has an initial stop-loss at 1.3492 (-14pips) and a first target at 1.3516, yielding approximately +100usd/lot for +10pips. Should the market extend upwards, a Bearish Deep Gartley Pattern is looking to complete at 1.3547, with an initial stop-loss at 1.3559 (-12pips) and a first target at 1.3530, yielding approximately +170usd/lot for +17pips. Please note that this is not a trading advice, and it is recommended that you do your own analysis before making any investment decisions.
by RaynLim
GBPJPY Long for the next 3 monthsGood day traders, Our previous GBPJPY signal has reached our TP1, I saw a pullback on the daily timeframe non the less we are bullish for the long term. I will hold those long positions to this new TP price (point D). New development: We see the recent rejection on our structure support suggests that we are going too complete a bearish Gartley harmonic pattern before we short the GBPJPY again. In our previous analysis we anticipated a breakout which in turn broke out of the trendline that has been respected for sometime now. I now anticipate the GBPJPY to remain bullish until point D. Please share your thoughts in the comments below. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Long
by Mezzoforte_Privilege
5
EURNZD ADVANCE HARMONICS PATTERN GARTLEY BULLISH Hello Traders! Let's Delve into Harmonic Patterns Today The EUR/NZD pair has formed an advanced harmonic pattern, specifically a Gartley pattern, on its hourly chart. This presents a promising opportunity for traders to capitalize on potential upcoming price movements. Here are the details: - The price is trading above the long entry level (EL) at 1.81762. - Stops are set below point D (please specify the exact value for a more precise strategy). 🎯 Profit Targets: - Target 1: - 62% retracement: 1.83090 - 79% retracement: 1.83219 - Target 2: - 127% extension: 1.84496 - 162% extension: 1.85316 Remember, harmonic patterns like the Gartley can be powerful tools in predicting potential reversals in the market. As always, ensure to manage your risk effectively and stay tuned for more updates. Happy Trading!
Long
by TradeChartPatternsLikeThePros
Bounce Token (AUCTION) forming a Gartley for upto 34.50% rallyHi dear friends, hope you are well and welcome to the new update on Bounce Token (AUCTION) with Bitcoin pair. Our last successful trade setup was the below one, and this was almost 300% pump: Now on a daily time frame, AUCTION is about to complete a bullish Gartley move for the next pump. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
Polygon (MATIC) formed bullish Gartley for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Polygon (MATIC) with US Dollar pair. Previously I shared a long-term trade signal of MATIC, which produced almost 250% rally as below: Now on a 4-hr time frame, MATIC has formed a bullish Gartley move for the next pump. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
MLong
by moon333
LVMUY -- shortI am looking for a short entry to LVMUY based on the double top pattern. Louis Vuitton Moët Hennessy (LVMH) presents with two conflicting chart patterns, which are drawn using @LonesomeTheBlue's excellent HPP indicator at the default settings. Based on the statistics provided by that same indicator the Anti-Gartley is the slightly more compelling one with an 80% win rate (4/5) and a profit factor of 23.44, while the double top has a 71% win rate (5/7) and a profit factor of 12.48. So, why then do I want to go short? For three reasons: Per LVMH's last quarterly earnings release, the company derives 34% of its revenue from Asia ex-Japan. The bulk of that presumably from China. Given the widely reported problems within the Chinese economy, I believe that many Chinese consumers will choose to avoid spending on the conspicuous luxury products that LVMH is famous for. LVMH has a very close correlation (81%, over the trailing 2 years) with FEZ, the SPDR Euro Stoxx 50 ETF. This ETF has outperformed the US market in 2022 and through mid-July, 2023, but has since started to lose traction. I expect that the dollar strength of the recent weeks will continue, unless tomorrow's speech by chairman Powell offers clear indications that the Fed hiking cycle is concluded. This dollar strength is ultimately bearish for US listed equities. This point also hints at one reason I might choose not to activate the trade. If the reaction to the Jackson Hole speech tomorrow is very bullish, I may reassess. For the purpose of this idea, my price target will be the level suggested by @LonesomeTheBlue's HPP indicator, i.e. 154.32. Stop loss will be around 180, roughly corresponding to the 23.6% retracement level of the run from September 27, 2022, to April 21, 2023.
OTC:LVMUYShort
by matthias