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Gartley

ADA/USDT Bullish Setup Gartley Bullish Harmonic Pattern1. Market Analysis: Asset: ADA/USDT (Cardano vs. USDT) Pattern: Bullish Gartley harmonic pattern detected on the daily timeframe. Key Levels: Price is approaching the D-point, which is at the 78.6% Fibonacci retracement of the XA leg, near a strong support zone, signaling a potential bullish reversal. 2. Gartley Pattern Details: XA Leg: Strong initial move upward. AB Leg: Retraces approximately 61.8% of XA. BC Leg: Extends between 38.2% and 88.6% of AB. CD Leg: Completes at 78.6% retracement of XA (D-point). D Completion Zone: A critical area to monitor for bullish price action. 3. Trade Setup: Entry Point: Enter a long position at or near the D-point when a bullish reversal signal is confirmed (e.g., bullish engulfing, hammer candlestick, or a pin bar). Stop-Loss: Place the stop-loss slightly below the D-point or the nearest support level to protect against pattern invalidation. Take-Profit Levels: TP1: 38.2% Fibonacci retracement of the CD leg. TP2: 61.8% Fibonacci retracement of the CD leg. TP3 (Optional): Full retracement to the XA high. 4. Risk Management: Position Size: Use proper risk management, risking no more than 1-2% of your trading capital. Risk-Reward Ratio: Aim for at least a 1:2 risk-reward ratio. 5. Additional Confirmation: Volume Analysis: Look for an increase in volume as the price reaches the D-point, which indicates strong buying interest. Oscillator Signals: Use RSI or MACD to confirm oversold conditions or bullish divergence near the D-point. 6. Trade Execution: Order Placement: Set a buy limit order near the D-point if confident in the pattern. Alternatively, wait for a confirmed bullish signal before entering the trade. Trail Stops: Adjust stop-loss as the trade progresses to secure profits and reduce risk.
COINBASE:ADAUSDLong
by MAAwan
4
XRP/USDT Bullish Setup Gartley Bullish Harmonic Pattern TradingView Trade Plan: XRP/USDT Bullish Setup Gartley Bullish Harmonic Pattern (Daily Timeframe) 1. Market Analysis: Asset: XRP/USDT (Ripple vs. USDT) Pattern: Bullish Gartley harmonic pattern identified on the daily timeframe. Key Levels: The price is approaching the D-point, which aligns with the 78.6% Fibonacci retracement of the XA leg and a critical support zone, suggesting a potential bullish reversal. 2. Gartley Pattern Details: XA Leg: Initial strong upward move. AB Leg: Retraces 61.8% of XA. BC Leg: Extends between 38.2% and 88.6% of AB. CD Leg: Completes at 78.6% retracement of XA, the D-point. Completion Zone (D-Point): Look for bullish reversal signals around this level. 3. Trade Setup: Entry Point: Enter a long position when price action confirms a reversal at or near the D-point (e.g., bullish engulfing, hammer candle, or pin bar). Stop-Loss: Place the stop-loss slightly below the D-point or a nearby support zone to account for pattern invalidation. Take-Profit Levels: TP1: 38.2% retracement of the CD leg. TP2: 61.8% retracement of the CD leg. TP3 (optional): Full retracement to the XA high. 4. Risk Management: Position Size: Use proper risk management, risking no more than 1-2% of total trading capital. Risk-Reward Ratio: Ensure the setup offers a favorable risk-reward ratio (minimum 1:2). 5. Additional Confirmation: Volume Analysis: Look for increasing volume near the D-point, signaling buying interest. Oscillator Support: Look for RSI or MACD divergence or oversold conditions around the D-point for added confidence. 6. Trade Execution: Place Orders: Use a buy limit order near the D-point if confident in the pattern completion. Alternatively, wait for bullish candlestick confirmation before entering. Adjust Stops: Trail the stop-loss as the trade progresses to secure profits and minimize risk.
COINBASE:XRPUSDLong
by MAAwan
ETH/USDT Bullish Setup1. Market Analysis: Asset: ETH/USDT (Ethereum vs. USDT) Pattern: Bullish Gartley harmonic pattern identified on the daily timeframe. Key Levels: Price is approaching the completion point (D), which aligns with strong support zones, indicating a potential bullish reversal. 2. Gartley Pattern Details: Pattern Structure: XA: Initial impulse leg. AB: Retraces 61.8% of XA. BC: Extends between 38.2% and 88.6% of AB. CD: Completes at 78.6% retracement of XA. D Completion Zone: This is the key area to watch for bullish price action confirmation. 3. Trade Setup: Entry Point: Enter a long position when price action confirms a reversal at or near the D-point (e.g., bullish engulfing, hammer candle). Stop-Loss: Place the stop-loss below the D-point or a nearby support zone to protect against invalidation of the pattern. Take-Profit Levels: First Target (TP1): 38.2% retracement of the CD leg. Second Target (TP2): 61.8% retracement of the CD leg. Optional Target (TP3): Full retracement to the XA high. 4. Risk Management: Position Size: Base the position size on the risk tolerance and distance between entry and stop-loss, ensuring no more than 1-2% of trading capital is at risk. Risk-Reward Ratio: Aim for at least a 1:2 risk-reward ratio. 5. Additional Confirmation: Volume Analysis: Look for increasing volume as price reverses from the D-point, signaling strong buying interest. Oscillator Support: Check RSI/MACD for oversold conditions or bullish divergence near the D-point for additional confirmation. 6. Trade Execution: Place Orders: Set a buy limit order near the D-point if confident in the pattern’s completion. Alternatively, wait for bullish confirmation before entering. Adjust Stops: Trail the stop-loss to lock in profits as price moves toward take-profit levels.
Long
by MAAwan
Playing Both Sides of the Upcoming USD Monetary Policy DecisionTwo trading opportunities for the price of one today as we look at difference scenarios that may play out from out upcoming US monetary policy announcement this Wednesday. The first trading opportunity on the NZDUSD is a bearish trend continuation/breakout trade that would take advantage of US Dollar strength in the market. The second trading opportunity on the AUDUSD is a bearish gartley pattern that would complete if the reaction to Wednesday's decision provided us with US Dollar weakness. I personally would not recommend trading through these news events, rather waiting for the outcome (confirmation) and making a decision afterwards, but it's your money and you can do whatever you want with it! lol If you have any questions, comments or want to share you views, please do so below as I love reading through them. Akil
Short
by Akil_Stokes
2
XRP Analysis==>>Correction Signs!!!XRP ( BINANCE:XRPUSDT ) is moving in the Resistance zone($2.63-$2.50) . In this post, I want to show you some signs that XRP may still need to be corrected in a one-hour time frame : 1 -Regarding Classical Technical Analysis , XRP seems to have succeeded in forming the Rising Wedge Pattern . 2 -The formation of the Evening Star Candlestick Pattern in the Resistance zone can signify the reverse of XRP . 3 -The formation of the Bearish Gartley Harmonic Pattern can also be another sign of the decline of XRP . 4 -According to Elliott wave theory , XRP seems to be completing the main wave 4 . I expect XRP to break the lower line of the Rising Wedge Pattern , which should drop to at least $2.38 . If the Support line is broken, the next target will be the Support zone($2.25-$2.17) . ⚠️Note: If XRP manages to break the Resistance zone($2.63-$2.50), we can expect an XRP pump.⚠️ XRP Analyze (XRPUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
24
GARTLEY Harmonic Pattern: How does it work?!GARTLEY Harmonic Pattern: How does it work?! The "Gartley", as its name suggests, was introduced by Henry Mackinley Gartley. All other harmonic patterns are modifications of the Gartley. Its construction consists of 5 waves: XA: This could be any violent movement on the chart and there are no specific requirements for this movement in order to be a Gartley start AB: This is opposite to the XA movement and it should be about 61.8% of the XA movement. BC: This price movement should be opposite to the AB movement and it should be 38.2% or 88.6% of the AB movement. CD: The last price movement is opposite to BC and it should be 127.2% (extension) of CD if BC is 38.2% of BC. If BC is 88.6% of BC, then CD should be 161.8% (extension) of BC. AD: The overall price movement between A and D should be 78.6% of XA How to use it Point D is where you come in, man! It's your entry signal. -If it's an M pattern, you buy. -If it's a W, you sell2. Where to put your STOP LOSS?? -Below or "X" if you are a BUYER. -Above "X" if you are a SELLER. These percentages are based on the famous Fibonacci ratios, as mysterious as the pyramids of Egypt! Ultimately, the Gartley pattern is like a good Cuban cigar: it requires patience and experience to be appreciated at its true value. But once you master it, it can become a powerful tool in your trading arsenal, as effective as a punch from Rocky Balboa!
BINANCE:BTCUSDEducation
by Le-Loup-de-Zurich
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