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Gartley

USDCAD ADVANCE HARMONICS PATTERN GARTLEY PATTERN USDCAD has formed an advance harmonics pattern Gartley on its hourly chart. The price is trading the EL: 1.36936. ST: 1.36777. target1: 62% XA: 1.37522 79% XA: 1.37798 Target2 127% XA: 1.38590 162% XA: 1.39149 Little about Harmonics : The concept of )armonic 1atterns was established by ).M. Gartley in 2. Gartley wrote about a 5-point pattern (known as Gartley) in his book 1rofits in the 4tock Market. -arry 1esavento has improved this pattern with Fibonacci ratios and established rules on how to trade the “Gartley” pattern in his book Fibonacci 3atios with 1attern 3ecognition. There are few other authors who have worked on this pattern theory, but the best work to my knowledge is done by 4cott $arney in his books of “)armonic Trading.” 4cott $arney also invented patterns like “$rab,” “Bat,” “4hark” and “5-” and added real depth of knowledge for their trading rules, validity and riskmoney management. The primary theory behind harmonic patterns is based on pricetime movements which adhere to Fibonacci ratio relationships and its symmetry in markets. Fibonacci ratio analysis works well with any market and on any timeframe chart. The basic idea of using these ratios is to identify key turning points, retracements and eYtensions along with a series of the swing high and the swing low points. The derived proKections and retracements using these swing points ()ighs and -ows) will give key price levels for Targets or 4tops. )armonic patterns construct geometric pattern structures (retracement and projection swingslegs) using Fibonacci seRuences. These harmonic structures identified as specified (harmonic) patterns provide uniRue opportunities for traders, such as potential price movements and key turning or trend reversal points. This factor adds an edge for traders as harmonic patterns attempt to provide highly trustworthy information on price entries, stops and targets information. This may be a key differentiation with other indicators oscillators and how they work.
Long
by TradeChartPatternsLikeThePros
Shiba Inu: AB=CD Bullish BAMM Continuation off the 200 Week SMAShib after an initial rally off the PCZ of the two Harmonics to the left has pulled back towards the 200 Week SMA and Briefly Consolidated this level also happens to align with the 1.618 and 0.786 Confluence zones. The MACD will see be crossing into the green and if it does we can see this atleast go for an AB=CD Continuation Move from here but i think it's likely it moves well beyond just the AB=CD move and atleast goes to the 2310 Area ust based on the structure and the Macro Logscale Gartley on the left.
COINBASE:SHIBUSDLong
by RizeSenpai
1
S&P 500: Bullish Gartley Above Demand LineThe Hourly setups have been stopped out and the SPX has gone significantly deeper but now looking at the Daily Setup and it gives reason to think it can continue up from here. We are at the Demand line of the Descending Broadening Wedge and are trading at what could be a Bullish Gartley. From this point I'd put stops below the 800 Day EMA and enter bullish positions at the current level and see how it goes over the coming weeks to see if we can get a Break Hook and Go.
AMEX:SPYLong
by RizeSenpai
Adding to my btc prediction long termNot sure how to add charts to existing published ideas so making this separate for now, which is just another indicator to use for my point of view and perspective, is the 3day anti gartley formed for anyone into harmonics trading, although I personally do not use them much, but do believe on a more macro chart such as this 3day that they do have some significance, esp when used in confluence for everything already mentioned in my main BTC prediction using fib circles, and fib channels. This ant gartley shows a take profit amount of $9.5k which would perfectly align with my main chart and would be almost pinpoint precise to my exact main target prediction which would take out that CME futures gap that I so strongly see us retracing to as the final bottom of this bear market. Therefore, lets rock n roll and see how this thing plays out over time, accumulating the final bottom sometime very close to our fall equinox. Godspeed and goodluck making that money
INDEX:BTCUSD
by Alexander_Thaddeus
1
$ABEV: Bullish Gartley Visible on Higher TimeframesAmbev after bouncing from the PCZ of a Bullish Gartley has held and consolidated marginally above the PCZ and while doing so has shown signs that it could continue up higher from here without a secondary retest of the 0.786 as it has Recently Broken out of a Bullish Dragon and Bounced from a smaller Bullish Shark on the Daily as well as holding the POC of the overall Harmonic Range. It has also Bullishly Broken out of a Bull Flag pattern on its ARS pairing. It could always still come back for a secondary test of the 786 retrace anyway, but due to the reasons above; I think there is a high probability that ABEV will not be going any lower than it has over the last few months and that much higher prices are in play.
NYSE:ABEVLong
by RizeSenpai
3
QNTUSDTPQuant (QNT) Price Prediction & Forecast for 2023 Quant (QNT) has been one of the most promising digital assets in the cryptocurrency market. The price of QNT has shown a steady uptrend since the beginning of 2021, with many analysts predicting further growth in the near future. The Gartley pattern is a technical analysis tool that traders use to identify potential market trends, and it appears that a bullish Gartley pattern is developing on the weekly timeframe for QNT. The Gartley pattern is a pattern that traders use to identify potential turning points in the market. The pattern consists of four price swings labeled X, A, B, and C. The pattern is considered bullish when it forms after a downtrend, and the potential reversal zone (PRZ) ( D ) is a price level where the pattern could potentially reverse. The PRZ is identified using Fibonacci retracement levels which are based on the mathematical principles of the Fibonacci sequence. For Full Article Visit our Website link in Bio
Short
by MemoCrypto