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Gartley

SOFI is probably going to make a dipThis is not financial advice So uhh ya boy was playing the free money trend line on SOFI buying calls when it hits the trendline and selling when the move slowed for quick profits. Did this for the last two weeks going into earnings hoping to catch a thrust up cause SOFI tends to make large moves on or around earnings. Then I spotted a bearish gartley forming and zoomed out. Took profits for the last run and left runners cause I believe there will be a fakeout breakout of the wedge on earnings that will fill the gap above before making a nasty dump. SOFI likes to dump off bearish Gartleys and this dump could fill the gap below in the 5 dollar range. This is a great opportunity to load up on shares. But it's not that simple cause there are some interesting things. Note i have a fib retracement from the SOFI low and the High of 11.72. Profit target one off the CD leg of the Gartley is right at the 50% retracement of that fib retracement. Profit target two is right at the golden pocket. If it finds any support at these levels we could see a large move up to the top of the larger wedge trend. I don't care though since the runner is just a play on earnings. I am closing out and taking profits at market open regardless.
NASDAQ:SOFILong
by HotsauceShoTYME
EURCAD Gartley222Nice looking Gartley 222 respecting well the textbook Fib levels. Not exactly with the trend hence the longer target better be the closest top and not further as the chance of getting a 161% extension is not that great. At 1 to 1 or at the 61% Fib retracement put stop to entry. Bulkowski has an interesting article about bullish Gartleys quoting that the hit rate of the target at the A point (where we have the longer-term target) is 45%. I am not saying it is exactly our hit rate, but if you have 1 to 3 RR up to there even with 30% hit rate you are all set. We are playing poker here, not chess - be mindful of the odds.
Long
by TheSpringHunter
Ethereum (ETH/USD) Bullish Opportunity following Anti-Gartley Introduction: In this technical analysis report, we will delve into the current market conditions of Ethereum (ETH/USD) and provide insights based on the formation of an Anti-Gartley Harmonic Pattern (XABCD). Our analysis aims to guide traders in making informed decisions regarding entry points, stop-loss levels, and potential profit targets. Pattern Recognition: ETH has exhibited the formation of an Anti-Gartley Harmonic Pattern (XABCD) on its price chart. This pattern suggests a bullish reversal is likely to occur, with point D serving as the anticipated starting point for an upward movement. Key Levels: - Entry: Near 3130 - Stop Loss: Near 2830 Analysis: 1. Entry Point (3130): Traders are advised to consider entry near the price level of 3130. This level aligns with the formation of the Anti-Gartley pattern and represents a strategic entry point for those anticipating a bullish movement. 2. Stop Loss (2830): To manage risk effectively, it is prudent to place a stop loss order near 2830. This level provides a buffer against potential adverse price movements and helps protect capital in the event of a reversal. Profit Targets: - TP-1 (3435): The first profit target is set at 3435. This level represents a significant resistance area where a partial profit-taking strategy may be considered. - TP-2 (3700): The second profit target is identified at 3700, reflecting a higher resistance zone where further profit realization can be anticipated. - TP-3 (3990): The final profit target is positioned at 3990, indicating a potential extended bullish move towards higher price levels. Conclusion: Based on the analysis of the Anti-Gartley Harmonic Pattern (XABCD) formation, Ethereum (ETH/USD) is poised for a bullish trajectory. Traders are advised to consider entry near 3130, with a stop loss at 2830, and profit targets at 3435, 3700, and 3990 respectively. As with any trading strategy, risk management remains paramount, and traders should adjust their positions accordingly based on market dynamics. This analysis serves as a guide for traders seeking to capitalize on the potential bullish movement in Ethereum. It is essential to conduct thorough due diligence and monitor market conditions closely to optimize trading outcomes.
BINANCE:ETHUSDLong
by trading_jupiter
NZDJPY Analysis: Bullish Combo Trade SetupTrade Strategy: Combo Trade (Bullish Deep Gartley + Bullish Shark) Key Levels: - Bullish Deep Gartley Pattern: 4-hourly chart - Bullish Shark Pattern: 1-hourly chart - Trading Zone: Coincides with Bullish Shark completion Analysis: - Importance: Utilizes a combo trade strategy for enhanced risk management and profit potential - Technical Analysis: Identifies a Bullish Deep Gartley Pattern on the 4-hourly chart and a Bullish Shark Pattern on the 1-hourly chart - Trade Management: Enables a reduction in stop loss and potential expansion of profit targets Trade Plan: - Entry: Consider entering at the confluence of the Bullish Deep Gartley completion and the Bullish Shark completion within the trading zone - Risk Management: Utilize effective risk management techniques to reduce stop loss and protect profits - Profit Taking: Extend profit targets based on the combo trade setup and trading zone alignment Insights: The Bullish Combo Trade Setup combines two harmonic patterns, providing an opportunity for enhanced risk management and profit potential. Traders can capitalize on the confluence of patterns to optimize their trading strategy. 📈🦈 Keep an eye on NZDJPY for potential bullish movements based on the Bullish Combo Trade Setup!
Long
by RaynLim
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