Waiting for price to hit the D leg, then Buy to 38.6 ad 61.8% Fib levels
Harmonic Pattern Rules
Gartley Rules
B - X-A = 61.8%
C- A-B = 38.2%-88.6%
D- X-A = 78.6% OR A-B = 1.272-1.618%
TP - A-D 38.2%-61.8%
Butterfly Rules
B - X-A 78.6%
C - A-B 38.2%-88.6%
D- X-A - 1.272-1.618% OR A-B 1.618-2.618%. I used the X-A rules for D
TP - 38.6% AND 61.2% OF A-D
Cypher Rules
B LEG, X-A = 38.6%-50%
C LEG- XAX = 1.272-1.414%
D LEG- X-C = 78.6%
TP - C-D - 38.6% AND 61.8%
Bat rules
B - X-A 38.2%-50%
C - A-B 38.2%-88.6%
D- X-A - 88.6% OR A-B 1.618-2.618%. I used the A-B rules for D
TP - A-D = 38.6% AND 61.2%
Harmonic Pattern Rules
Gartley Rules
B - X-A = 61.8%
C- A-B = 38.2%-88.6%
D- X-A = 78.6% OR A-B = 1.272-1.618%
TP - A-D 38.2%-61.8%
Butterfly Rules
B - X-A 78.6%
C - A-B 38.2%-88.6%
D- X-A - 1.272-1.618% OR A-B 1.618-2.618%. I used the X-A rules for D
TP - 38.6% AND 61.2% OF A-D
Cypher Rules
B LEG, X-A = 38.6%-50%
C LEG- XAX = 1.272-1.414%
D LEG- X-C = 78.6%
TP - C-D - 38.6% AND 61.8%
Bat rules
B - X-A 38.2%-50%
C - A-B 38.2%-88.6%
D- X-A - 88.6% OR A-B 1.618-2.618%. I used the A-B rules for D
TP - A-D = 38.6% AND 61.2%
Note
Price hitting the D leg will result in a Head and Shoulders pattern. Trade still under observation
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.