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Gartley

MAGAUSDT: Breaking out after Stabilizing at Gartley PCZThis coin is a speculative play of mine derived from the interesting Harmonic price action this coin has given us. Usually I would ignore a no name coin like this, but I can actually see potential in it making a 100% retrace to the upside, so I have at least taken a shot at it and so, I will archive the trade here. If the breakout fails, it could come all the way back down to the Gartley PCZ so I'll have to be extra careful about that but overall the range looks good.
Long
by RizeSenpai
Gold Gartley 222, AB=CD from 78% retracementThe pin bar was a reaction from the 78% Fib retracement and also an equal 1 to 1 AB=CD, but now let's see whether there will be a follow-up and price confirmation for long. This level is also a 61% retracement of the bigger swing up so a confluence point. For now, I don't see a definite entry signal unless I want to buy the level which I often do at the higher timeframes. The risk to reward shown is what will be the target if you pick the 161% extension for a target.
CAPITALCOM:GOLDLong
by TheSpringHunter
ETHUSD ADVANCE HARMONICS PATTERN **Greetings Fellow Traders! Welcome to Today's Insight.** Today, we're diving into the world of cryptocurrency, focusing our attention on ETHUSD. A remarkable trading opportunity is unfolding, and we're here to explore it together. 📊 **Chart Analysis: ETHUSD Harmonic Gartley Pattern** On the daily chart of ETHUSD, an advanced harmonic pattern known as the Gartley Bullish pattern has taken shape. This pattern can offer valuable insights for potential trades. 📈 **Trade Setup:** - **Chart:** ETHUSD (Daily) - **Harmonic Pattern:** Gartley Bullish 🎯 **Key Entry Level:** The current price of ETHUSD is in proximity to a promising entry level. - **Entry Level (EL):** 1636.6 🚀 **Targeting Potential Profits:** We're aiming for a specific target calculated based on the harmonic pattern. - **Target 62% XA:** 2016.3 📈 **Consistency Matters:** Repeatedly hitting a target or level signifies a potential shift in price dynamics. 📊 **Trade Responsibly:** Remember to implement prudent risk management strategies that align with your trading approach. 💬 **Join the Discussion:** We're eager to hear your thoughts on this analysis. Your insights enrich our community. 📊 **Explore Trading Opportunities:** The ETHUSD Harmonic Gartley pattern presents a compelling case for exploration. Delve into the details and see if it aligns with your trading strategy. Join Trade Chart Patterns Like the Pros for Comprehensive Trading Insights and embark on a journey to enhance your trading skills! 📊📈💎
Long
by TradeChartPatternsLikeThePros
3
GBPUSD, Short, AB=CD Gartley222, Extended pin bar at key levelWe might play out this as a Gartley222. Not entering at the 78% retracement level, but we have a great pin bar on the 2Hour chart at a very Key level. Close below the previous major low and a 1 to 1 AB-CD move. Volume profile- the pin bar occurred on raising volume which for me indicates stops taken, but also it's what Wyckoff will call nonvalidation, huge volume, but the bar closed at its lowest. Nonvalidation is a good edge at turning points. The red box is the 61% retracement of the AD leg of the Gartley. Some people use this as a target. I manage the trade differently but wanted to illustrate that even this target provides a good Rirk/Reward rate. P.S. For the harmonic pattern junkies: the red dotted line might be interpreted in the 1-hour chart as a 3 drives pattern, entering at the level was going to be great. I was personally late for it.
Short
by TheSpringHunter
NZDJPY Trading Plan: Bearish Shark Pattern RetestIn our NZDJPY analysis, we are observing a potential shorting opportunity on the 1-hourly chart. Here are the details: 1. Setup: Bearish Shark Pattern Retest 2. Timeframe: 1-Hourly Chart 3. Key Level: - Entry Point: Bearish Shark Pattern Retest at 92.07 The Daily Chart reveals a Bearish Gartley Pattern at X with RSI Divergence, suggesting a potential bearish move. On the 1-hourly chart, the Bearish Shark Pattern provides an additional layer of confirmation for a shorting opportunity. Feel free to share your insights, and let's navigate this market together.
Short
by RaynLim
GBPUSD Trading Plan: Bearish Deep Gartley PatternLet's discuss the trading plan for GBPUSD, and it revolves around the recognition of a Bearish Deep Gartley Pattern. This pattern, once confirmed, provides an optimal setup for a shorting opportunity. Here's the breakdown: 1. Trading Setup: Bearish Deep Gartley Pattern. 2. Price Reversal Zone (PRZ): Awaiting confirmation at 1.2725. Once the PRZ is confirmed, signaling the completion of the Bearish Deep Gartley Pattern, it opens up a potential shorting opportunity. Feel free to share your thoughts and engage in a discussion on this trade plan.
Short
by RaynLim
XRPUSD: Bullish Gartley Recovering Support LevelXRP is currently taking back a Daily Support Zone after rebounding from the PCZ of a Bullish Gartley. Though the setup looks nice, it should be noted that the entry here is a bit late overall in relation to the PCZ so in trying to catch this late move it will be best to use a tighter stop in hopes that the upwards moves accelerates above the Support Zone but if it doesn't, XRP may come back down to the PCZ of the Gartley and in such a case we'd want to stop out early so that we may reposition lower. Ideally XRP will make a move towards the 0.786-0.886 from here but it is very possible that we see Fibonacci Extensions such as the 1.618 which would take XRP up to $1.26 per coin.
COINBASE:XRPUSDLong
by RizeSenpai
Usoil long term target Western Texas Intermediate, the US crude oil benchmark, is trading around $77.50 on Friday. WTI prices edge higher after the weaker-than-expected US Retail Sales data raise hope that the Federal Reserve will soon start cutting interest rates in coming months. WTI rebounds to $77.50 amid US dollar weakness, geopolitical risks R3 West Texas Intermediate (WTI) Crude Oil rebounded on Thursday, catching an upshot into $77.50 per barrel and slamming back into a technical congestion zone on the charts as energy market bid Crude Oil back up after a midweek pullback. Crude Oil supply lines saw an unexpected uptick in barrel counts this week, warning barrel traders that global supply continues to climb at a much faster pace than energy markets initially expected.
TVC:USOIL
by JohnHarry_7
EURUSD: Attempting Secondary Breakout of a Falling WedgeThe EURUSD is attempting a secondary breakout of a Falling Wedge Pattern at the HOP level of a Bullish Gartley. It is also holding on to the 4-Hour 21-SMA with Bullish Divergence on the MACD. Taking all this into account, the EUR has a heightened probability of confirming a Break-Hook-and-Go from this Falling Wedge to confirm the bottom and begin a 61.8% - 78.6% retrace. EURUSD has certainly been one of the more choppy USD pairs and the AUDUSD may prove to be a smoother Bullish trade, but I still would like to try also catch the EURUSD move despite it being the choppier pair.
Long
by RizeSenpai
EURCHF, Gartley222, 78% retracement, bounce from Weekly 20EMAShort opportunity in the form of a harmonic Gartley pattern or simply an AB=CD at the 78% retracement level. This is with trend trade, the price at the moment is at the Weekly 20 EMA. Hope for a bounce from there. The risk to reward illustrates the distance to the 161% extension. It's a long way to go so if you decide to run this as a runner target, you better stage out at some point and put the stop to breakeven. These targets are not easy to reach and are not high hit-rate aims, but are ones that can easily make half of your trading gains.
Short
by TheSpringHunter
SSV is ready to hit a new all time high, time to buy?SSV is really strong; the price is near the previous all-time high. This is a strong sign for the future price. We can see that the downtrend ended with the descending parallel channel. What about volume? Volume is the most important thing because we need to see interest from other investors. If we take a look at the volume indicator, we can see that the volume is record-high. Elliott Wave strong structure (1)(2)(1)(2). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! ssv.network is a decentralized staking infrastructure that enables the distributed operation of an Ethereum validator. This is achieved by splitting a validator key between four or more non trusting node instances (‘multi-operator node’). The nodes are collectively tasked with executing the validator's duties under a consensus mechanism. In simple terms, the protocol transforms a validator key into a multisig construct governed by a consensus layer. The unique protocol improves robustness, liveliness and fault tolerance of nodes across the Ethereum ecosystem. Distributing validator keys between node instances suggests a major leap forward comparing to existing staking schemes who fall short when it comes to. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
5
GBPAUD: Pushing into the PCZ of a Bearish SharkGBPAUD is pushing above the range resistance and into the PCZ of a Bearish Shark with elevated volumes, at the same time there is a Bearish Gartley formed on the RSI and the RSI is setting up to breakdown while in the overextended zone. I think we will likely see the AUD take back dominance for a few months in many of its pairs, particularly in the GBPAUD and AUDUSD pairs. It is possible that the GBPAUD pushes above 1.95 for a short amount of time, I will likely continue shorting into 1.955
Short
by RizeSenpai
Gartley222 in SP500Planning to buy the 78% Fib level (if the structure doesn't change) which also is a previous support/resistance level. Stochastics is also showing some hidden divergence. Longer target is the 161% extension. Look on the left - the same setup played out pretty well. The 161% extension was reached in a bit over 3 days. Why do I mention that? In an uptrent the Gartleys or Springs work. I know it might sound pretty simplistic, but it is in line with the old saying - "When do you buy? -> When the price goes up". Similarly, when I see my Spring work I know we are in an uptrend and I must take all of them.
BLACKBULL:SPX500Long
by TheSpringHunter
Beam is the next 100x coin. Time to buy.In my opinion beam is the next 100x coin. The price is still very cheap so you can buy it on the spot market. I believe we are going to hit a new all time high in 2024. Why I think it is bullish? I remember back in 2020 when everyone was talking about BEAM and JIM. Now the time has come for massive profits. We can see that the downtrend is broken by bulls and we have a strong bullish candles. This is a good sign. Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
Long
by Xanrox
13