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Gartley

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
BTCUSD: A Bearish Deep Gartley Has Staged BTC to Return to $6065This is a followup to the previous Bearish ABCD trade; BTC has officially with PPO Confirmation, has reversed from the PCZ of the Bearish ABCD to which I later realized the ABCD was part of a much greater Bearish Deep Gartley, and now we are below the 200-Day and 200-Week SMAs along with that we have broken below the demand line of an apparent Rising Wedge Pattern all at a 23.6% Fibonacci retrace which is a very shallow and weak retrace to have this all occur, but that only means the move back down will likely be much deeper and stronger. We can consider what we initially got at the 0.786 PCZ of this Cypher as a Type 1 Reaction, but now it appears that price has been preparing itself to make a Type 2 Return, that will most likely take us to the Cypher HOP levels this time around which would land us at around $6000 once we hit that zone I will look for signs of Bullish PPO Confirmation before then anticipating a V-shaped recovery that should take us to new all-time highs. There of course is a scenario in which instead of making a lower low to the HOP we just bounce back up again at around 16k and that was where my previous projection took it but upon taking in more of the weekly data I have concluded that 6-4k is more likely especially if we start getting super fast movement down week after week but if it is instead a more calm decline that gives us a clean double bottom with some PPO confirmation around 16k instead then I will jump in early; until then I see 6-4k as the most likely target. For reference, I have included the link to the original Bearish ABCD chart and projection below as we may swap back to the original projection depending on the price action we get leading to both the original 16-12k Target and the new and current 6-4k target:
CME:BTC1!Short
by RizeSenpai
Bearish Momentum Continues!📉 Monthly Chart: - Support at 0.6160, but no end to bearish trend. - Consider countertrend moves carefully. 📉 Weekly Chart: - Market near resistance, but don't miss the bigger picture. - Be cautious with countertrend trades. 📉 Daily Chart: - Strong bearish movement. - Market shows weakness at previous resistance. 📉 Four-Hour & One-Hour Charts: - Potential countertrend opportunities, but be cautious. - Look for confirmation before engaging in trades. 💡 Trading Strategies: - Weekly chart: Gartley pattern at 0.6173 for patient buyers. - Daily chart: Bullish crab pattern at 0.6191 for buying opportunity. - One-hour chart: Counter trend buying opportunity around 0.6400 if market breaks lower.
Long
by RaynLim
Sideways Market Opportunity!🌟 Weekly Chart: - Consolidation since March 2022. - Patient trading can earn you 609 pips. - Ideal for traders looking for longer-term gains. 📊 Daily Chart: - Consolidation within the zone. - Trading within this zone brings 104 pips. - Great potential for 1-2 weeks of trading. 💡 Trading Opportunities: - Weekly chart: Bearish shark pattern in play. - Daily chart: Bearish crab pattern and more. - Four-hour chart: Butterfly pattern and gartley pattern. 💰 Profit Potential: - Weekly chart: First target 397 pips (~$3,970 USD). - Daily chart: Running profits of 158 pips (~$1,580 USD). ⚠️ Trading Strategy: - Set alerts on lower prices for early decisions. - Wait for confirmation, like double tops with RSI divergence.
by RaynLim
Trading Opp. Amid Sideways WavesTrading can be exhilarating when setups let you seize chances without wrestling with the broader trend. 🚀 Let's talk New Zealand Yen – a treasure trove of potential this week, regardless of the overarching movement. Gaze upon the weekly chart, and you'll spot the bearish shark pattern, already in motion since 88.24. Kudos if you've joined the ride! I'd ride it to the first target at 84.36, where the 5-0 pattern gifts a buying prospect. Our watchword: Will the market cradle within the blue box? Turning to the daily chart, a bullish bat pattern wraps up at 84.25. And if you had the insight to short on the bearish crab pattern, cheers! Your pockets are now heavier by 212 pips, a cool 2,120 USD. Strolling through the four-hour chart, a gartley pattern is ripe for the picking at 85.56 – a splendid buying occasion. If your sights are set on shorting, that 86.73 resistance line beckons. Zoom into the one-hour chart, and another gartley at 85.92 awaits, accompanied by a bearish shark at 86.82. 🦈📊 But wait, there's more – the 15-minute chart boasts a deep gartley at 86.20. So many opportunities, all within a single currency! A sign that sideways markets birth harmonic patterns, right? But remember, clarity in strategy is key. Decide if you're hitting that first target and running, or holding on for the second despite opposing patterns. And here's the golden rule: either chart your trade in advance or find a mentor deeply immersed in the trading fray.
Long
by RaynLim