Bullish Bias on GBPJPY1. Bullish Bias:
- I have a more bullish outlook on GBPJPY compared to GBPUSD.
- Clear violation of the Daily Chart on both GBPUSD and GBPJPY.
2. Trading Setup:
- A Type2 Bullish Gartley Pattern on GBPJPY is the key trading setup.
- Aiming to go long on GBPJPY.
Share your insights and trade plans for the week. What's catching your eye?
Let's discuss and navigate the markets together!
Gartley
SOXL: Logscale Bearish Gartley at Trendline ResistanceSOXL has reached the Logscale 0.886 of this potential Logscale Bearish Deep Gartley which aligns with the upper trendline of the channel it has been trading within. If it plays out, I think we could see SOXL come down to the lower trendline and perhaps even lower. This May be sparked by a selloff in NVDA and AVGO.
LUMN: Bullish Gartley Visible on the 3-Month ChartShares of Lumen Technologies are currently sitting at the HOP Level of a Massive Bullish Gartley that is visible on higher timeframes such as the Monthly and Quarterly Charts. It is also showing Bullish Divergence on the MACD and RSI and looks to be ready to make a move towards $6.00 in the short term, but the situation could evolve into a bigger long term move towards $25.00 and $50.00
NAS100 - Trading Consolidation w/ Advanced Pattern FormationsA look at a couple advanced pattern formations setting up on the Nasdaq & walking you through how these patterns could be used by traders looking to find opportunities within periods of market consolidation.
If you have any questions or comments please share them below.
Akil
VLCN: Bullish Gartley with Bullish Divergence at a Double BottomVolcon is potentially forming a Double Bottom with Bullish Divergence and is doing so at the potential HOP Level of a Bullish Gartley on the Hourly with Bullish RSI BAMM Confirmation. If this Gartley plays out we would expect a move towards $3.00 this move towards $3.00 could then lead to a Double Bottom breakout which would take the price up to around $7.00
Harmony (ONE) completed a setup for upto 20.50% pumpHi dear members, hope you are well and welcome to the new trade setup of Harmony (ONE) coin with US Dollar pair.
Previously we caught more than 20% pump of ONE as below:
Now on a 4-hr time frame, ONE 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.
BLUR---->Long (but What's Next Move?)Hello to all
Regarding the Todays Sharp movement, it seems that the general view of BINANCE:BLURUSDT.P is very bullish , but after such a movement, it is not out of mind to expect a correction of 20 to 50% at most .
In my personal opinion , the price in this trend will not have the necessary momentum to break and cross the $0.45 range , and the price correction will start after the price is rejected from the $0.45 area.
And it will continue until the price of 0.3$ and maybe even more intense up to the area of 0.2$ .
And after that, we can expect the start of the next price rally towards the points indicated in the chart, especially $0.55 and $0.9 .
My Personal setup :
Entry 0.3$ - 0.22$
TP 0.55$ - 0.77$ - 0.9$ - 1.2$
SL under 0.20$
Also, if the price breaks out from the yellow line, we will have a good position to enter and profit from higher targets:
Entry 0.45$
TP 0.9$ - 1.2$
SL Bullish Trend End Confirmations!
Science of Trading ApproachToday, I'm excited to share a detailed approach for trading GBPUSD. If you're considering a short position, here's a comprehensive strategy:
1. 1-Hourly Chart: Shark Patterns at 1.2676
- Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart.
- Look for a trading combo within the chart when the market retests the Trendline Break (red line).
- Ensure the market doesn't violate the trendline during this process.
2. 4-Hourly Chart: Bearish Gartley Pattern at 1.2725
- The ideal scenario is for the Bearish Gartley Pattern to complete at 1.2725 on the 4-hourly chart.
- Aim for completion before Monday, March 4, 2024, by 5 pm. Patterns completing after this time are considered disqualified.
This Science of Trading approach allows for a meticulous analysis and synchronization of different patterns across multiple timeframes. It provides a well-defined strategy for traders looking to short GBPUSD.
Feel free to share your thoughts and insights. Are you considering a similar approach or have different plans for GBPUSD?
For a visual representation, please refer to the chart link in the TradingView post.
Intel: Bullish Gartley with Bullish Divergence Targeting $64.19Leading to the most recent earnings report, Intel had reached a 61.8% retrace from High to Low and was showing signs of reversing, so I decided to take profit on Intel. Now, upon spotting a potential trend continuation Bullish Gartley I now think it's possible for INTC to recover from here and perhaps go all the way for the 0.886 at $64.90, so I will be buying back in at these lower prices.
For context on the previous bullish setup, check the chart below:
MAGAUSDT: Breaking out after Stabilizing at Gartley PCZThis coin is a speculative play of mine derived from the interesting Harmonic price action this coin has given us. Usually I would ignore a no name coin like this, but I can actually see potential in it making a 100% retrace to the upside, so I have at least taken a shot at it and so, I will archive the trade here.
If the breakout fails, it could come all the way back down to the Gartley PCZ so I'll have to be extra careful about that but overall the range looks good.
Gold Gartley 222, AB=CD from 78% retracementThe pin bar was a reaction from the 78% Fib retracement and also an equal 1 to 1 AB=CD, but now let's see whether there will be a follow-up and price confirmation for long. This level is also a 61% retracement of the bigger swing up so a confluence point. For now, I don't see a definite entry signal unless I want to buy the level which I often do at the higher timeframes.
The risk to reward shown is what will be the target if you pick the 161% extension for a target.
GBPUSD Trading Plan: Bearish Deep Gartley PatternFor those looking for a trading opportunity on GBPUSD, here's a potential setup:
- Setup: Bearish Deep Gartley Pattern
- Completion Level: 1.2726
The GBPUSD weekly chart has shown a bearish trend. The Bearish Deep Gartley Pattern completion at 1.2726 presents an opportunity for traders interested in shorting GBPUSD.
Please share your thoughts on whether you are considering a long or short position on GBPUSD.
ETHUSD ADVANCE HARMONICS PATTERN **Greetings Fellow Traders! Welcome to Today's Insight.**
Today, we're diving into the world of cryptocurrency, focusing our attention on ETHUSD. A remarkable trading opportunity is unfolding, and we're here to explore it together.
📊 **Chart Analysis: ETHUSD Harmonic Gartley Pattern**
On the daily chart of ETHUSD, an advanced harmonic pattern known as the Gartley Bullish pattern has taken shape. This pattern can offer valuable insights for potential trades.
📈 **Trade Setup:**
- **Chart:** ETHUSD (Daily)
- **Harmonic Pattern:** Gartley Bullish
🎯 **Key Entry Level:**
The current price of ETHUSD is in proximity to a promising entry level.
- **Entry Level (EL):** 1636.6
🚀 **Targeting Potential Profits:**
We're aiming for a specific target calculated based on the harmonic pattern.
- **Target 62% XA:** 2016.3
📈 **Consistency Matters:**
Repeatedly hitting a target or level signifies a potential shift in price dynamics.
📊 **Trade Responsibly:**
Remember to implement prudent risk management strategies that align with your trading approach.
💬 **Join the Discussion:**
We're eager to hear your thoughts on this analysis. Your insights enrich our community.
📊 **Explore Trading Opportunities:**
The ETHUSD Harmonic Gartley pattern presents a compelling case for exploration. Delve into the details and see if it aligns with your trading strategy.
Join Trade Chart Patterns Like the Pros for Comprehensive Trading Insights and embark on a journey to enhance your trading skills! 📊📈💎
GBPUSD, Short, AB=CD Gartley222, Extended pin bar at key levelWe might play out this as a Gartley222. Not entering at the 78% retracement level,
but we have a great pin bar on the 2Hour chart at a very Key level. Close below the previous major low and a 1 to 1 AB-CD move.
Volume profile- the pin bar occurred on raising volume which for me indicates stops taken, but also it's what Wyckoff will call nonvalidation, huge volume, but the bar closed at its lowest. Nonvalidation is a good edge at turning points.
The red box is the 61% retracement of the AD leg of the Gartley. Some people use this as a target. I manage the trade differently but wanted to illustrate that even this target provides a good Rirk/Reward rate.
P.S. For the harmonic pattern junkies: the red dotted line might be interpreted in the 1-hour chart as a 3 drives pattern, entering at the level was going to be great. I was personally late for it.
NZDJPY Trading Plan: Bearish Shark Pattern RetestIn our NZDJPY analysis, we are observing a potential shorting opportunity on the 1-hourly chart. Here are the details:
1. Setup: Bearish Shark Pattern Retest
2. Timeframe: 1-Hourly Chart
3. Key Level:
- Entry Point: Bearish Shark Pattern Retest at 92.07
The Daily Chart reveals a Bearish Gartley Pattern at X with RSI Divergence, suggesting a potential bearish move. On the 1-hourly chart, the Bearish Shark Pattern provides an additional layer of confirmation for a shorting opportunity.
Feel free to share your insights, and let's navigate this market together.
GBPUSD Trading Plan: Bearish Deep Gartley PatternLet's discuss the trading plan for GBPUSD, and it revolves around the recognition of a Bearish Deep Gartley Pattern.
This pattern, once confirmed, provides an optimal setup for a shorting opportunity. Here's the breakdown:
1. Trading Setup: Bearish Deep Gartley Pattern.
2. Price Reversal Zone (PRZ): Awaiting confirmation at 1.2725.
Once the PRZ is confirmed, signaling the completion of the Bearish Deep Gartley Pattern, it opens up a potential shorting opportunity.
Feel free to share your thoughts and engage in a discussion on this trade plan.
XRPUSD: Bullish Gartley Recovering Support LevelXRP is currently taking back a Daily Support Zone after rebounding from the PCZ of a Bullish Gartley. Though the setup looks nice, it should be noted that the entry here is a bit late overall in relation to the PCZ so in trying to catch this late move it will be best to use a tighter stop in hopes that the upwards moves accelerates above the Support Zone but if it doesn't, XRP may come back down to the PCZ of the Gartley and in such a case we'd want to stop out early so that we may reposition lower.
Ideally XRP will make a move towards the 0.786-0.886 from here but it is very possible that we see Fibonacci Extensions such as the 1.618 which would take XRP up to $1.26 per coin.