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Gartley

I'm Bullish. Here's WhyHi Traders, PLTR is oversold on the 2HR, 4HR, and daily charts and has nearly completed a corrective wave. This corrective wave is denoted by the yellow ABC pattern (also known as a Zig Zag pattern) in Elliot Wave analysis. The Wave Trend indicator is extremely oversold since the signal is far below the green boundary as shown on the chart. I anticipate PLTR will close the small gap around the $14.96-$15.94 area, which is also a BULLISH demand zone and a trend support zone. I've decided to use this area as an entry zone. Once price is in this area, consider a bullish position targeting $17. If PLTR closes above $17, target $18.64 based on harmonic pattern analysis, which currently indicates a bullish Gartley. Here's my bullish case, strictly using Technical Analysis: Harmonics PLTR is showing three bullish harmonic patterns (Gartley, Black Swan, and Anti-Nen Star). I'd like to focus on the gartley pattern, which statistically has a 75% likelihood in reaching T1 ($18.66). In the chart below, you can also see the oversold RSI at a value of 28.74 Price Action There is a bearish order block around the $14.75 as denoted in the chart below. Bearish traders sold PLTR back in NOV 23, but PLTR didn't decline further in price. Instead, it gapped up, which indicates Bearish traders exhausted their selling power and will likely be eager to close their positions by buying PLTR at this price point, thereby constituting a bullish demand zone. Trends Trend resistance is $16.98 with trend support at $14.40 as denoted by the trend lines on the chart below. The 200 period moving average (yellow line) is $14.80, which coincides with trend line support, gap analysis, and price action order blocks. I consider this strong support for now. The 9 period (purple line) 21 period (blue line) moving averages act as resistance (for now) and are $16.74 and $17.31 respectively. Both coincide with trend resistance at $16.98. The chart also shows positive divergence on the VMMACD and MACD indicators. Trading Plan I trade options, and while I do own several hundred shares of PLTR, I generate income by selling CALL and PUT options based on the volatility (i.e. price swings) of PLTR. Since I anticipate PLTR is nearing a LOW, I will likely sell several $14 or $15 PUTs option with a 45 DTE (Date Till Expiration) to collect premium. When PLTR reaches my upside targets, I will sell COVERED CALL options (maybe $18 or $19 strikes) to collect premium, because I know that these upside targets act as supply zones (i.e resistance) and price may decline from these areas. Happy Trading!
P
by chiefwils0n
4
Harmonic Gartley Pattern setup today on MARAThe daily chart has formed a Gartley pattern as of today. There are 5 indicators to use to get an overall view of what the chart is "saying. ------------------------------------------------------------------------------------------------- Volume: FIsher Transform Money Flow Index Speed: Stochastic Momentum Index Trend: DMI-+ Trend Strength: ADX Volatility: Bolliger Band on Bollinger Band Width Strength: Relative Price Strength ================================== The volume and speed indicators are oversold and ready to turn back up. The volume has slowed down as price has gone down. The daily candle range (volatility) has decreased. The volatility indicator has already turned back up. The trend indicator is "kissing" The trend strength has been going down as price has been going down. The current pattern that is occurring on the daily chart is the Gartley. The projected target price of a Gartley is the 1.27 projection of leg XA. Target price is 35.94 Potential Buy @ yesterdays Open + .23 = 18.88 Stop @ yesterdays Low - .23 = 16.95 Money Mangement: on a 10K account you would purchase 52 shares with a Risk/Reward ratio of 8.84 Cash amount $981 Target Sell= 1862 Profit = 883
NASDAQ:MARALong
by ArtWells
2
DXY, GOLD & THE EURUSD - All coming together. TVC:DXY FOREXCOM:XAUUSD OANDA:EURUSD Are all setting up for the same move so we need to pay attention. GOLD - after going through the ABCD down yesterday it now looks as though its going to be headed lower to complete the bigger ABCD down towards 1920 and the next day or 2 will give us the set up. DXY - looks like it wants to push higher towards the 108-109 area. EURUSD - Will then follow the Gold and look for lower prices. The next couple of days are key and we also have NFPs Friday before the US Open which will give these markets a push either way. I hope this helps, Enjoy the week.
TVC:DXY
by L_F
Potential Short Opportunity on Bearish PatternsDespite GBPUSD demonstrating a Weaker Bull Trading setup, my analysis suggests a more bullish outlook compared to EURUSD. However, I'm currently eyeing a shorting opportunity on a lower timeframe. The emergence of a Bearish Gartley Pattern retesting at 1.2752 or a completion of a Bearish Bat Pattern around 1.2803 appears promising for a potential short position. What are your thoughts or trade plans for GBPUSD? Share your insights below!
Short
by RaynLim
$GVP GSE Systems, Inc. NASDAQ:GVP GSE Systems, Inc. Target PTs 5.20 --> 3.22 --> 8.20 --> 11.30 and higher GSE Systems, Inc. provides professional and technical engineering services, staffing services, and simulation software to power and process industries in the United States, Asia, Europe, and internationally. It operates in two segments, Engineering and Workforce Solutions. The Engineering segment provides various technical engineering services for ASME programs; and simulation software and services, including operator training systems for the nuclear, fossil fuel power generation, and process industries. The Workforce Solutions segment supports project lifecycles and provides specialized and skilled talent for energy and engineering industries, which include reactor operations instructors, procedure writers, project managers, engineers, work management specialists, planners, and training material developers. The company markets its products and services through a network of direct sales staff, agents and representatives, and strategic alliance partners. GSE Systems, Inc. was founded in 1971 and is headquartered in Columbia, Maryland.
GLong
by BADQOMOCAWGOWLD
Awaiting Bullish Gartley Pattern after Bearish Shark SetupNZDUSD showcases a compelling combo trading setup - a Bearish Shark Pattern visible on the weekly and daily charts. This combination suggests potential movement in the market. My approach involves waiting patiently for the market to shape a Bullish Gartley Pattern on the 1-hourly chart. This setup offers a more favorable Profit Factor, enhancing the trade's potential. What are your thoughts or trade plans regarding NZDUSD? Share your insights below!
Short
by RaynLim
Bullish Gartley Pattern Alert on 8 Range Bar ChartA Bullish Gartley Pattern has emerged on GBPJPY's 8 range bar chart, presenting an opportunity for those leveraging TradingView Pro account alerts. Alternatively, setting alerts on the 15-minute chart is viable for this setup. This pattern aligns with a buying opportunity that could ride the bullish wave, in conjunction with the Type2 Bullish Shark Pattern on the daily chart. What's your trade plan or analysis for GBPJPY? Share your insights or strategies below!
Long
by RaynLim
3
ACHUSD: Bullish Consolidation Above Support LineBack in October ACHUSDT confirmed a Double Bottom at the PCZ of a Bullish Gartley and has since climbed back above the major Support/Resistance Zone represented by the green horizontal line as well as the 200 SMA and 55EMA and has formed a Channel of Ascending Consolidation. In addition, it is doing this while trading to the right of a previously Bearish Trend line, so if we can get some true follow through from this action, I would be looking for a 50%, 61.8%, and 0.886% retrace target.
Long
by RizeSenpai
2
WAVES Price Surge Alert! 📈 - Your Path to Wealth Starts Here"**Short Fundamental Analysis: Waves (WAVES)** Waves is a multi-purpose blockchain platform that supports various use cases, including decentralized applications (DApps) and smart contracts. It was launched in 2016 and has since attracted a growing community of developers and users. **Fundamental strengths:** * **Simplicity and ease of use:** Waves is designed to be user-friendly and easy to develop on. This has made it attractive to a wider range of users than some other blockchain platforms. * **Scalability:** Waves is designed to be scalable, meaning that it can handle a high volume of transactions. This makes it well-suited for applications that require high throughput. * **Active community:** Waves has a strong and active community of developers and users. This is an important factor for the long-term success of any blockchain project. **Recent news:** * **Waves launches WX Network:** WX Network is a decentralized trading protocol that provides a suite of investment tools for managing crypto assets. It is governed by the Waves community and is designed to be secure and easy to use. * **Waves integrates with XTN:** XTN is an index token collateralized by a set of Waves Ecosystem tokens. It provides a way for investors to track the performance of the Waves Ecosystem as a whole. * **Waves continues to grow its ecosystem:** Waves is constantly expanding its ecosystem of DApps and services. This is helping to drive adoption and increasing the overall utility of the Waves platform. **Disclaimer:** Please note that I am not a financial advisor and this is not investment advice. Always do your own research before making any investments.
WLong
by MoonTradingForecast