NZDUSD (Gartley Pattern and other Harmonic's) -1h Chart
Updated
Harmonic pattern's inside consolidation
=Confirmations for Gartley Pattern
- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- First TP at 0.618 (Fibonacci from D-A)
- Second TP at 0.382 (Fibonacci from D-A)
- Third TP would be back to where it all started
=Confirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 - 0.886 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
= Deep Bat Pattern confirmations:
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 1.13 (Fibo X-A) on this case price is extending, because of major Gartley Pattern
- take profits at 0.382 and 0.618 (Fibo A-D)
- third TP would be long term back to where it all started
Good Trading. -1h Chart
=Confirmations for Gartley Pattern
- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- First TP at 0.618 (Fibonacci from D-A)
- Second TP at 0.382 (Fibonacci from D-A)
- Third TP would be back to where it all started
=Confirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 - 0.886 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
= Deep Bat Pattern confirmations:
- A-B must touch 0.5, but cannot touch 0.618
- B-C must touch 0.618, but cannot exceed A (FIbo A-B) or just keep an eye on that 0.236
- D completion at 1.13 (Fibo X-A) on this case price is extending, because of major Gartley Pattern
- take profits at 0.382 and 0.618 (Fibo A-D)
- third TP would be long term back to where it all started
Good Trading. -1h Chart
Note
Double Floor at 0.786 - 0.886 area with huge bullish divergence inside MACDGood Trading. -1h Chart
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