In any case, the pattern contains a bullish or bearish ABCD pattern, but is preceded by a point (X) that is beyond point D.
The “perfect” Gartley pattern has the following characteristics:
Move AB should be the .618 retracement of move XA.
Move BC should be either .382 or .886 retracement of move AB.
If the retracement of move BC is .382 of move AB, then CD...
Let’s now see what the bearish Shark pattern appears like.
Below you can see an illustration of the bearish variety of the Shark pattern along with the key Fibonacci relationships within the structure.
bearish-shark-pattern
OX price leg – This is the initial bearish impulsive price move.
XA price leg – This leg retraces a portion of the initial OX leg.
AB...
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The first technique is self-discipline, we have to control our anger to not harm and kill any beings, control our greed to not get...
Let's look at the bullish example. There is a rise via XA. B retraces 0.382 to 0.5 of XA. BC retraces 0.382 to 0.886 of AB. CD is a 1.618 to 2.618 extension of AB. D is at a 0.886 retracement of XA. D is the area to look for a long, although the wait for the price to start rising before doing so. A stop loss can be placed not far below.
For the bearish pattern,...
To correctly identify the bearish 5-0 pattern, first, find the shark pattern, wait for the implementation of its targets at 88.6 or 113 percent, and the following rollback in the direction of 50 percent of the BC wave. The length of this wave in both graphic configurations is 161.8 to 224 percent of AB. If after the convergence zones of the shark pattern is...
X to A – the movement starts with X to A and there are no specifics for identifying the X to A leg of the Gartley pattern
A to B – this is where Fibonacci becomes relevant to the pattern. The distance between A and B should be close to 61.8% of the size of the movement from X to A
B to C – this movement should be a retracement of 38.2% or 88.6% of the movement of...
Cypher Confirmation Conditions
B must retrace to an expansive range between 38.2% and 61.8% of XA. At least 38.2% but not exceeding 61.8%
C is an extension leg and moves beyond A – but must move to at least 127.2%, but it is normal for it to go as far as the 113% – 141.4%. It is considered invalid if it moves beyond the 141.4%
CD leg should break the 78.6% level...
The first swing down is created when the price drops from the starting point X to the ending point A.
The A to B swing up in price is a reversal in direction and retraces approximately 78.6% of the price move of the X to A drop.
The B to C swing back down is the next directional change and price falls back down with a retracement of between 38.2% to 88.6% of...
Will Bitcoin go up in 2021?
Bitcoin has bounced between $30,000 and $65,000 in 2021, in what has been one of the rockiest periods in its history. As it hovers around $40,000, market analysts and crypto experts appear divided over whether we are at the start of a bear market or still in the middle of a record-breaking bull run.
