see chart for details. edit: TP3 should be around 122.94 regions
Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up. 1. it all starts at finviz where i search up stocks that fall under the lower priced...
EUR/USD has formed a Bearish Gartley and Evening Star candlestick pattern on the 4-hr. chart. See chart for more info.
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
A Bearish Gartley Pattern has formed on the Daily chart of the GBP/USD. See chart for pattern data. Please do your own calculations. Stop is Above X. I always put my stop Above X in a Bearish pattern and Below X in a Bullish pattern. Happy Trading! Note: Some traders use terms for some of these patterns that Scott Carney is credited with (Crab, Bat, etc.). ...
Target: 340 Stop Loss: 210 USD Base: myforexmagicwave.com Comment: We can see, that the first Gartley was a very nice example of the theoretical model from the link. There is a strong possibility that the second will be similar.
We might have a bearish gartley forming on the EURAUD 60 minute. Since the AB leg is between the .618 and .786 retracements of XA, I'm assuming if it forms this gartley will complete at the .886 retracement @ 1.4340-ish. SELL 1.4340-ish TP @ 1.4270-ish if you're conservative TP @ 1.4230-ish if you're aggressive Stops above X as always
Remember that the ECB press conference is happening in < 8 hours so that might mess this up :) We might have a big bearish gartley or butterfly forming on the EURAUD; we're at the AB leg completion with RSI looking overbought, so I'm hoping we fall down to support around 1.4152-ish to form our BC leg, retracing after that to form our CD leg, which could complete...
It's looking really overbought with an entry around 1.0750-ish :)
We might have a Bearish Gartley on the 4 Hour Chart: - We have an AB=CD pattern in there - AB completes close to the 0.618 retracement - CD completes close to the 0.886 retracement - Fairly symmetrical time-wise (AB = 30 ticks, CD = 40 ticks - what's 10 ticks between friends?) I'm a little suspicious of those long bars toward the end of the CD Leg, but the last...
The pullback we're seeing is the result of a Bearish Gartley Pattern (although D didn't close right on the .618). We're right below the 0.5 and were also above the 50 Day SMA and approaching a crossover of the 200. There's some resistance at the .618 so if we can get a close above it, I'd wait for that resistance-turned-support to be tested and then get in after...
We're seeing the result of a Bearish Gartley and we're approaching the 0.764 which is an area of short term support. If we can break through that there's a nice risk reward for a small 50 pip move. Stops above the 0.764 Take Profile near the 1.00
Potential Bearish Gartley on the 4 Hour Chart: To enter, drop down to the 60 minute and wait for a the retest of the 0.618. If it fails to break short at that level and place a stop just above the .786. Since we're in a downward trend you can take profits at the .382, .236, or lower if you're feeling daring!
Updated pattern data from previous post (Oct. 2nd) after USD/CAD moved up a little bit and formed a new D point. Also, the recent retracement has produced a Bearish Engulfing candlestick pattern on the Daily chart. This is a failed pattern but we only know this in hindsight. We are always just playing the odds. Every pattern will not work out 100% of the time. : )
Bearish gartley harmonic pattern Short USDJPY 101.90-102.00 SL 102.40 TP 100.80 ===== www.ForexPositive.com Twitter @ForexPositive
Bearish gartley harmonic pattern Short NZDCHF 0.7880 SL 60pips TP 0.7650
hello all, Bitcoin's dead cat bounce off the key 4hr 38.2 Fib tag (582.37) has played itself out. If that low does indeed prove to be 'the low' that will bode well for BTC going forward (bullish reversals off 38.2 tags are indicative of a strong market). Additionally, higher time frame analysis suggested we needed to work through a correction-time-window that...