Divine-Redemption

Divine-Redemption

This is my first backtest. Here we have USDJPY on the 15m chart from 11/19/20. X-A retracement measure in at 0.746 and the X-A projection was spot on at 1.272. SL was calculated just beyond the 1.414 level on X-A projection. TP levels were 0.382 and 0.618 on the A-D retracement. Trade would have been entered at 04:30 UTC-5. First TP achieved at 06:00 UTC-5. Second...

Divine-Redemption

Hello. This is my 1st attempt at live market analysis. Here we have a potential bullish Gartley pattern forming. So far, all of the retracements are within the patterns parameters. Just waiting to see what the final XA retracement will be. The current support trend that started forming on 02/28/21 is one conformation that such a move could occur. More confirmation...

Divine-Redemption Updated 

Happy Saturday everyone. I’m sure everyone holding BTC right now is very excited it hit an all time high of 60k! This is my 2nd practice attempt at recognizing and analyzing harmonic patterns. This chart is a 15m and the pattern began taking shape last night around 0030 GMT. I’m pretty sure this is a bullish gartley pattern, however all of the retracements don’t...

Divine-Redemption

This is a 4h chart BTCUSD. I spotted a bearish bat in which the ratios are within range. I used the fib retracement tool but I don't understand fully how to use it yet. With that being said and keeping my lack of knowledge and experience in mind, my gut tells me this is a rather weak setup and I would not execute this trade.