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Gartley

Unique Combo Trade!Probably a trade that has a 20:1 Reward: Risk trading setup. On the 1-hourly chart, we have a Bullish Gartley Pattern that comes inline with our 4-hourly chart, the Bullish Shark Pattern retest and on the Weekly Chart, the Bullish 5-0 Patterns. If I stretch the final target to the Weekly Chart completion, the returns would be stunning, but this trade could take up to 2 months or a month. Furthermore, we might have more stop-out then hitting the target in 1 U-Turn, so it is NOT a trade for traders who won't afford to have their trade stop out multiple times and still looking for buying opportunities. If you are thinking of risking more than you usually do; or you plan to follow the trade blindly; or even worst, not putting your stop-loss, this is not the trade for you. As a full-time trader, I've been very patient to look for the trade that suits my profile and the trade I'm planning. I couldn't stress any more by saying trading is more like a business than a job. It is not the number of deals you do, but the 1 you chose to take and the 1 you chose not to participate.
Long
by RaynLim
Ravencoin: Looking For A HeartbeatRavencoin has Bounced once from this Logscaled Gartley and failed to Breakout of the Channel and now maybe looking to come back down to the PCZ and hopefully hold on to a Double Bottom. However, before RVN can even come back down to the PCZ it must first breakthrough the Heartline of the Parallel Channel on which it currenly so happens to be resting. Due to a smaller Bullish Shark Visible on the 1 hour at it's current price level there is an elevated chance that RVN may not come all the way back down to the Gartley PCZ and instead confirm opt a Higher Low here at the Heartline to make a rush for the AB=CD targets of $0.21-$0.42 Here is a screenshot of the 1 Hour Shark For Reference:
RLong
by RizeSenpai
3
Gold could run up to 2173Hi, everyone! After re-reading some books, i realized that i don't apply Gartley's AB=CD theory and Gann Angle quite properly. So i recreated this drawing, and you'll see 2173 was the top. You should also see that manipulators readjust the chart speed and doing some bear traps. Okay, so let's break it down... 1. The AB phase was started from 3-Nov-22 @ 1616 and lasted until 2-Feb-23 @ 1959-ish 2. The corrective phase which i coded with "=" was happened, it was 20 bars and It was lasting from 2-Feb-23 to 2-Mar-23. If you analyze it deeply, 1.272 and 1.382 extension of 65 bars AB phase is the key exact reversal of 27-Feb-23 and 8-Mar-23 3. According to Gartley's theory, AB phase is equal to CD phase. So i did duplicated the line to maintain its angle and length, and we got area of 2170 4. Then i marked up some important Fibonacci Levels, then we got a very important area of 1960, 2018, 2056, 2114, and 2173. I don't do a date prediction cause it takes a really long time. But, i will give yo my opinion on why 2018 level was the most important level.. MY OPINION ON 21 MARCH 2018 level would be the most important level because it is happening at 21-Mar-23. By 22-Mar-23, i expect the fed will raise interest rates which cause the market down at least 5 days. According to astrology trading, we should see a repeating downward trend cycle every New Moon, which is statistically backtested and it proves that it got 97,3% probability. So, that's the reason why 21 or 22 or 23 March was the most important area to see So, the best strategy to do is... WAIT UNTIL 1960 WHICH I BELIEVE THAT IT WILL OCCUR AT 31-MAR-23 - THEN DO BUY FULL MARGIN Cheers, H. Haidar
SAXO:XAUUSDLong
by Chartwatcher1996
🚀 AUD/USD Bullish Breakout: Long Opportunity 📈The AUD/USD pair looks bullish 📈, as it has broken above the 200-day SMA. We're taking a long position at 0.67922, targeting 0.68498 (TP) with a stop loss at 0.6734 (SL). Keep an eye on the upcoming RBA decision, which could impact the market sentiment. Trade with caution and manage your risk wisely. Good luck! 🍀 Signal provided by @ss7trader 🌟 #AUDUSD #forex #trading #long #bullish #RBA #technicalanalysis #ss7trader #tradingview
Long
by ss7trader
368pips x2 profit potentialIt depends if you are looking for a buying or selling opportunity on the EURJPY. Traders who are looking for shorting opportunities could wait for a Bearish Shark Pattern retest at 145.31. If you are looking for a buying opportunity, the Bullish Gartley Pattern on the Trendline that completes at around 141.63for a buying. If you have no issues trading both ends, you wait for the confirmation to happen before engaging the trade that will bring 368pips of potential profits trading on both sides.
by RaynLim