GMT Long - Bullish GartleyGMT has completed a type two bullish gartley above a key inflection point.
Target is the .618 and then the 1.618 which lines up with the next major resistance.
Looking amazing above this level, we are long.
Gartley
BLUR---->Long (but What's Next Move?)Hello to all
Regarding the Todays Sharp movement, it seems that the general view of BINANCE:BLURUSDT.P is very bullish , but after such a movement, it is not out of mind to expect a correction of 20 to 50% at most .
In my personal opinion , the price in this trend will not have the necessary momentum to break and cross the $0.45 range , and the price correction will start after the price is rejected from the $0.45 area.
And it will continue until the price of 0.3$ and maybe even more intense up to the area of 0.2$ .
And after that, we can expect the start of the next price rally towards the points indicated in the chart, especially $0.55 and $0.9 .
My Personal setup :
Entry 0.3$ - 0.22$
TP 0.55$ - 0.77$ - 0.9$ - 1.2$
SL under 0.20$
Also, if the price breaks out from the yellow line, we will have a good position to enter and profit from higher targets:
Entry 0.45$
TP 0.9$ - 1.2$
SL Bullish Trend End Confirmations!
Science of Trading ApproachToday, I'm excited to share a detailed approach for trading GBPUSD. If you're considering a short position, here's a comprehensive strategy:
1. 1-Hourly Chart: Shark Patterns at 1.2676
- Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart.
- Look for a trading combo within the chart when the market retests the Trendline Break (red line).
- Ensure the market doesn't violate the trendline during this process.
2. 4-Hourly Chart: Bearish Gartley Pattern at 1.2725
- The ideal scenario is for the Bearish Gartley Pattern to complete at 1.2725 on the 4-hourly chart.
- Aim for completion before Monday, March 4, 2024, by 5 pm. Patterns completing after this time are considered disqualified.
This Science of Trading approach allows for a meticulous analysis and synchronization of different patterns across multiple timeframes. It provides a well-defined strategy for traders looking to short GBPUSD.
Feel free to share your thoughts and insights. Are you considering a similar approach or have different plans for GBPUSD?
For a visual representation, please refer to the chart link in the TradingView post.
MOBILEUSDT: Bullish Gartley with Bullish DivergenceMOBILE appears to be Bullishly Diverging on both the MACD and RSI at the range lows aligning with the PCZ of a Bullish Gartley if it plays out I see it very likely that we push back up towards the highs and perhaps even the Fibonacci Extensions.
Intel: Bullish Gartley with Bullish Divergence Targeting $64.19Leading to the most recent earnings report, Intel had reached a 61.8% retrace from High to Low and was showing signs of reversing, so I decided to take profit on Intel. Now, upon spotting a potential trend continuation Bullish Gartley I now think it's possible for INTC to recover from here and perhaps go all the way for the 0.886 at $64.90, so I will be buying back in at these lower prices.
For context on the previous bullish setup, check the chart below:
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.
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.
GBPUSD Trading Plan: Bearish Deep Gartley PatternFor those looking for a trading opportunity on GBPUSD, here's a potential setup:
- Setup: Bearish Deep Gartley Pattern
- Completion Level: 1.2726
The GBPUSD weekly chart has shown a bearish trend. The Bearish Deep Gartley Pattern completion at 1.2726 presents an opportunity for traders interested in shorting GBPUSD.
Please share your thoughts on whether you are considering a long or short position on GBPUSD.
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! 📊📈💎
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.
NVDA: Pre-Earnings Bullish Gartley at SupportThere is a Potential Bullish Gartley at Support on NVDA leading to the earnings report. I'm not sure if it will hold but I have gotten some calls on it just in case and want to archive this harmonic setup.
BTC Weekly Plan1. Start the week off by printing a nice bearish gartley pattern.
2. Getting a drop to complete an ABC correction and fill the inefficiency/tap into the Golden pocket area.
3. Take the liquidity just below 50k then continue upwards to new yearly highs.
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.
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.
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.
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.
UMA completing a setup for upto 19% pumpHi dear friends, hope you are well and welcome to the new trade setup of UMA token with US Dollar pair.
Recently we caught 12% pump of UMA as below:
Now on a daily time frame, UMA is about to complete a bullish Gartley move for next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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.
US100 - Gartley PatternGartley Harmonic Pattern
It may form another Bearish Divergence and then someone near the point C, it may reverse.
It formed an AB=CD pattern, reversed from the exact same point.
Look for the selling setup of somewhere near the point C.
AUDCAD, Gartley222, 78% retracement AB=CD Potential Gartley222 playing out which is an AB=CD at the 78% Fib retracement level. In this case with the trend.
I am mindful of the 0.8800 level so will place an order there.
I can miss the move as it is slightly above the 78% retracement, but prefer a smaller stop loss for a bigger potential reward.
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.
GBPCAD In line with the possible bigger BAT or ALT BAT pattern developing on the 4H timeframe which is a bearish move,
We could possibly see this GARLEY PATTERN on 1H timeframe which will be a short-term buy before the main bearish move resumes
