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Gartley

Bitcoin Analysis: Waiting for Confirmation- Trade Strategy: Bearish Deep Gartley - Timeframe: 4-hourly chart Analysis: - Importance: Emphasizes the need for confirmation before entering a trade Trade Plan: - Entry Condition: Wait for candlestick confirmation - Confirmation Sign: Look for a Magic Candle indicating a qualifying trading setup - Engagement: Engage the trade only upon confirmation Insights: Trading requires plotting and planning a setup, followed by confirmation before entry. This cautious approach is favored by seasoned traders. 📉 Remember to exercise patience and diligence in waiting for confirmation before executing trades!
BITSTAMP:BTCUSDShort
by RaynLim
1:7 RR Gartley opportunity in USDCADIn the longer term timeframe, there is a defined channel that the price respects. The price respects it like a clockwork lately so I've been watching for a reason to go short and long. After the impulsive sell-off from the top of the channel now the price corrects. I hope it will form an ABCD correction and we'll see what the technicians call Gartley 222. Plan to short right at the 78% level. As for a target, I will pick the 78% retracement level of the move-up. If you check the previous bounces from channel bottom to top - the 78% retracement level worked pretty well. It might not be a straight move there so we might have to hold, but the profit potential is 1 to 7 and I think this might be the best RR opportunity for the week. P.S. In channeling markets the Stochastics is just great - now it is in the overbought section. Worth switching the timeframes to observe the picture better. THe channel is visible up to the weekly chart pretty well, on the 1-hour chart you will notice better the Gartley formation possibility. Happy hunting!
Short
by TheSpringHunter
#SALZERELEC#SALZERELEC SALZERELEC Good for Holding around 6 TO 9 Months ..... Current Price at 848.05......... Keep SL at 802. .... (On Closing Basis ... Means ... Daily Candle closed Below 802 )….. After Close Crossing 913 …. Trail SL to 913 Targets are Shown on Chart in Greens . Patent It has received a patent for ‘Integral Cam Operated Rotary Switches’ for a duration of 20 years, ending 2031. It has registered a Patent for Rotary Switches, five product patents in process. Diversification into Smart Meter In Feb,24, the company announced the establishment of a Smart Meter Manufacturing Business in Coimbatore with an annual production capacity of 4 million smart energy meters which will be increased to 10 million in Phase Two. The first batch of smart meters is expected to roll out in Q1 FY25. Clientele Valeo, Delta, Siemens, L&T, Schneider Electric, Nuclear Power Corporation, Kone, Indian Railways CED, ABB etc Market Share The Co is the largest manufacturer of Cam Operated Rotary Switches with 25% market share. Promoter holding has increased by 2.08% over last quarter.
NSE:SALZERELECLong
by iism-ExpertTrading
NULS completed a setup for up to 20.50% pumpHi dear friends, hope you are well, and welcome to the new trade setup of NULS with US Dollar pair. Recently we caught almost 24% pump of NULS as below: Now on a 4-hr time frame, NULS has formed a bullish Gartley move for the next price reversal. Buy between: $0.8339 to $0.7920 Sell between: $0.8926 to $0.9547 Stop loss: $0.7920 Possible profit ratio: As per above targets there is a profit possibility of upto 20.50% a loss possibility is upto 5.50%. 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
YAG - Yet Another GartleyI'm observing this likely bullish pattern with a potential return of the BTC price to around $34,000. Went short following the completion of a bearish pattern on the H4 timeframe (bearish H4 Gartley) at $71,400. First TP at $51,000 and the second at the B point of the pattern (I would buy if it goes there to sell at point C). Final TP and reverse at point D around $34,000. Narratives (ETFs, halving, RWA, etc.), the prevailing euphoria ("it can only go up"), and my contrarian mindset lead me to anticipate a severe price correction. It will likely need an external catalyst, I'm not sure, but fundings and the leverages are too significant, and the BTFD are resurfacing. Yes, BTC is bullish, the narratives are bullish, liquidity is entering the crypto market, but in my opinion, the risk/reward is more interesting from the seller's side. I still hold my BTC ;) and remain very bullish in the VERY long term.
COINBASE:BTCUSDShort
by pixi
SHIBA INU (SHIB) completed a setup for upto 14% pumpHi dear friends, hope you are well, and welcome to the new update on SHIBA INU (SHIB) token with US Dollar pair. In the previous trade setup SHIB was very close to enter the buying zone, but pumped without entering the buying zone as below: Now on 4-hr time frame, SHIB has formed a bullish Gartley move for the next price reversal. 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
Long on EURJPY with CautionThis week, I'm taking a long position on EURJPY based on the 4-hourly chart. While some may see it as a Bullish Gartley pattern with a warning sign, others may interpret it differently, perhaps as a Bullish Gartley on PEZ or a key support level. My Trade Plan on EURJPY 1. Long position initiated based on the 4-hourly chart. 2. Watching closely for any violation of 161.23, which could prompt a reevaluation. 3. Awaiting the market to hit the first target. Share your thoughts and trade plans for EURJPY. How are you interpreting the pattern? Let's continue the discussion!
Long
by RaynLim