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Gartley

Apollo Hospital Multiple Trades, both Long and ShortPossible Gartley Formation: 1. Risky Traders: Can take Short Position @ CMP(2406) to 2427 and anytime below these levels as well: A. Target : 2339/2340 (Which is a pivot point as well, further better target) B. Stop Loss : 2430/2431 2. All Traders: Can Take a long position from 2339/2340: A. Target 1 : 2383/2384, Target 2: (Will be updated later, once trade is ativated) B. Stop Loss : 2323/2324 NOTE: 1. Very high reward with very low risk in both the trades. 2. Apollo Hospital follows harmonic patterns most of the time, backtested from previous 2 years data. 3. This Post is for education purposes only.
NSE:APOLLOHOSP
by SaintLazarus
NATIONALUM, Harmonic Pattern & Fib. Ratio (Investors).Two important fibs ratio for Gartley - XA retracement at 44 at 0.786. 1.618 CD projection at 46.25 . => 1.618AB = CD @55 ( investors ) The previous important level at 37 ( The price should not fall below it for long position) Note: Investors should wait for pullback to enter. ======================================================= Elliot Wave - Bottom is out? or new EW-Cycle. Let's compare Elliot Wave of HINDALCO: Longer & short TF - TimeCycle, NALCO. Fundamental & Hindalco of the % move > relative to NALCO.
NSE:NATIONALUMLong
by Trade-Technique
MCX Gold - Bullish Gartley + Piercing Pattern Candlestick-47550(Last - 49177 / 21:05 Hrs / 4th Dec2020) Bullish Gartley + Piercing candlestick pattern (Bullish Candlestick) - suggest precious metal can start upside trend travel to 52500 (Target 1) & Strictly Above 52500 can travel to 56200+ (Target 2) - Stops below 47550 The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend to an upward trend. Three characteristics of this pattern include 1. Downward trend before the pattern, 2. Gap down after the first day, and 3. Strong reversal as the second candle in the pattern. Should cross 50% of previous downside candle -------------------------------------------------------------------------------------------------------------------------- Thanks
MCX:GOLD1!Education
by WaveTalks
4
Question for Harmonic Trader & Why price fired? BANKNIFTYQuick reversals from Bat pattern PRZs are quite common. The mid-point "B" at exactly 50% retracement. Alternate 1.27AB=CD pattern. BC projection @61.8%. The price quickly reversal seen after "D". Question of Harmonic Trader/Analyst is , Bat Or Gartley? Why did birth to this question? - The Gartley Pattern required point "B "50% and 1.27AB=CD pattern required. In essence, One of the most important numbers in the pattern is the completion of point D at the 0.786 of XA. - The Bat utilizes a BC projection that is at least 1.618 & the BC projection must not be a 1.27 but in this case, we have 1.27 AB = CD .
NSE:BANKNIFTY
by Trade-Technique
14