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Gartley

Playing Both Sides of the Upcoming USD Monetary Policy DecisionTwo trading opportunities for the price of one today as we look at difference scenarios that may play out from out upcoming US monetary policy announcement this Wednesday. The first trading opportunity on the NZDUSD is a bearish trend continuation/breakout trade that would take advantage of US Dollar strength in the market. The second trading opportunity on the AUDUSD is a bearish gartley pattern that would complete if the reaction to Wednesday's decision provided us with US Dollar weakness. I personally would not recommend trading through these news events, rather waiting for the outcome (confirmation) and making a decision afterwards, but it's your money and you can do whatever you want with it! lol If you have any questions, comments or want to share you views, please do so below as I love reading through them. Akil
Short
by Akil_Stokes
2
XRP Analysis==>>Correction Signs!!!XRP ( BINANCE:XRPUSDT ) is moving in the Resistance zone($2.63-$2.50) . In this post, I want to show you some signs that XRP may still need to be corrected in a one-hour time frame : 1 -Regarding Classical Technical Analysis , XRP seems to have succeeded in forming the Rising Wedge Pattern . 2 -The formation of the Evening Star Candlestick Pattern in the Resistance zone can signify the reverse of XRP . 3 -The formation of the Bearish Gartley Harmonic Pattern can also be another sign of the decline of XRP . 4 -According to Elliott wave theory , XRP seems to be completing the main wave 4 . I expect XRP to break the lower line of the Rising Wedge Pattern , which should drop to at least $2.38 . If the Support line is broken, the next target will be the Support zone($2.25-$2.17) . ⚠️Note: If XRP manages to break the Resistance zone($2.63-$2.50), we can expect an XRP pump.⚠️ XRP Analyze (XRPUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
25
GARTLEY Harmonic Pattern: How does it work?!GARTLEY Harmonic Pattern: How does it work?! The "Gartley", as its name suggests, was introduced by Henry Mackinley Gartley. All other harmonic patterns are modifications of the Gartley. Its construction consists of 5 waves: XA: This could be any violent movement on the chart and there are no specific requirements for this movement in order to be a Gartley start AB: This is opposite to the XA movement and it should be about 61.8% of the XA movement. BC: This price movement should be opposite to the AB movement and it should be 38.2% or 88.6% of the AB movement. CD: The last price movement is opposite to BC and it should be 127.2% (extension) of CD if BC is 38.2% of BC. If BC is 88.6% of BC, then CD should be 161.8% (extension) of BC. AD: The overall price movement between A and D should be 78.6% of XA How to use it Point D is where you come in, man! It's your entry signal. -If it's an M pattern, you buy. -If it's a W, you sell2. Where to put your STOP LOSS?? -Below or "X" if you are a BUYER. -Above "X" if you are a SELLER. These percentages are based on the famous Fibonacci ratios, as mysterious as the pyramids of Egypt! Ultimately, the Gartley pattern is like a good Cuban cigar: it requires patience and experience to be appreciated at its true value. But once you master it, it can become a powerful tool in your trading arsenal, as effective as a punch from Rocky Balboa!
BINANCE:BTCUSDEducation
by Le-Loup-de-Zurich
Bullish Gartley + Bullish Pennant Break Combo - XLMHere I have COINBASE:XLMUSD on the Weekly Chart! After the 2.5 Year long Bullish Gartley Harmonic Pattern had finished forming this July 2024, we see Price has been working into a tight Consolidation Pattern called the Pennant! This Harmonic Pattern has been quite the Rollercoaster for longtime COINBASE:XLMUSD investors but with the Bullish Rally brought on this week, we see Price Breaking Above the Falling Resistance of this Pennant Pattern to the .10 area! -If Price can find Support upon retesting the Break of Falling Resistance and stay above, we could see COINBASE:XLMUSD bask in .10 range and Push Higher!! -RSI is now pushing Above 50 after the period of Consolidation stuck just underneath, indicating Bullish Interest is building **If Price is unable to sustain these Higher Prices, this current Bullish Break could become False and we could see Price play back down into the Pennant Pattern! With the Trump/Vance Campaign, we heard a lot of plans and potential being put towards the Cryptocurrency Market and with the win of the Presidency, we could start to see more Interest in this financial area. Further updates will be on Daily Chart!
BITFINEX:XLMUSDLong
by Novi_Fibonacci
26/10/2024 - XAUUSD - Bearish Gartley PatternAs of October 26th, 2024, XAU/USD (Gold) has formed a bearish Gartley pattern, suggesting potential downward movement. Here’s the trade plan: Trade Details: Option 1: Entry: Sell in the Potential Reversal Zone (PRZ) Stop Loss: 2759.50 Option 2: Entry: Sell Stop at 2740 Stop Loss: Above the defined last high (LH) Reason for Trade: The bearish Gartley pattern suggests a possible reversal to the downside, with opportunities to enter at the PRZ or after a breakout below the defined LH for added confirmation. Disclaimer: This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
OANDA:XAUUSDShort
by Unknown_Trader007
BEARISH PRESSURE ON BTC to 56,282.5 priceGood afternoon traders, Trust you are doing great. Please find below my outlook on this cryptocurrency, BTCUSD. Type: Emerging Bullish Gartley Completion Point (D): Projected at approximately 56,282.5 Consider short positions as the pattern approaches this level. Potential Reversal Zone (PRZ): Range: 56,282.50 to 56,036.69 I expect to close short trades within this zone, anticipating a bullish reversal. Target Levels: These are my potential targets T1: 57,487 T2: 56,935 T3: 56,282.50 These are key Fibonacci levels for exiting trades as the price moves downwards. Entry Criteria: Though the trade is currently in play, as such this is a late analysis. But here was my thought line before the trade was triggered. I allowed the 60,298 price to be broken just to allow the market to show bearish commitment before entering short trades. Stop loss: The trade will be invalidate if price goes above leg A. However, because the trade is aggressively towards the D leg, 61,355 would be a decent SL position. Cheers and happy trading!
BYBIT:BTCUSD.PShort
by Samuel124
SMCI: Stock Split with Chart UpdateSMCI had a stock split, so I have to update this chart. Light Fundamental: It is a stock called SMCI (or Super Mico Computer). It is a US company that makes super powerful computers and servers. The world needs servers to help run things like big websites, apps, and AI. The stock price fell by half. So, it is selling at a discount for what it is really worth. So, it is a good chance to buy it. Technicals: Gartley-like pattern diagonal support engulfing bullish pattern with d3 volume and volume confirmation a-b-c completion at a 78.2% fib pullback Entry is above the weekly engulfing bullish candle at 475.44. Target is, tentatively, 1500. Note: preparing for either an election rally or a Christmas rally in stocks
NASDAQ:SMCILong
by Rocketman
BITCOIN - Trading Consolidative Markets Using Harmonic PatternsBitcoin, like many other markets has been stuck in a sideways shuffle as of late which can be very frustrating for most traders, since most traders tend to look for continuation type of trading opportunities. For those looking for an alternative way to trade, here's a look at how I use advanced (harmonic) patterns, specifically the Gartley patter, to take advantage of times when the market is consolidating or moving sideways. Hope you enjoyed the video and feel free to leave any questions or comments below. Akil
BITSTAMP:BTCUSDShort
by Akil_Stokes
5