BharatForg: The Bearish Gartley

17. Juli 2017

The Pattern has not yet completed itself so in anticipation of it being a bearish Gartley, the potential reversal point could be around 1174. The level 1158 could also act as a supply zone, so I would call 1158-1174 to be a potential reversal zone. If price breaks above the yellow trendline (shown in chart) it would have tendency to test the reversal zone. The pattern would fail if 1174 zone is breached on the upside.

If price breaks below the yellow trendline, 1064 should be a level to watch out for. The price may reverse from this zone to complete the pattern on the upside.

Hit like if this idea was informative and helpful. Comments are welcomed.
Trade safe.

Best Regards
Bravetotrade

17. Juli 2017

Anmerkung

Brokeout above upper trend line. For such a price action, 1174 seems like a piece of cake. Pattern's validity would be tested tomorrow.

18. Juli 2017

Anmerkung

Bulls are sniffing the targets.

19. Juli 2017

Anmerkung

Flying towards PRZ

21. Juli 2017

Anmerkung

PRZ revised

26. Juli 2017

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Must See!!

26. Juli 2017

Anmerkung

10 point gain..nice move

28. Juli 2017

Anmerkung

One can consider taking partial profit here.

31. Juli 2017

Anmerkung

Reverse trades with harmonic patterns are difficult, but sometimes patience pays.

2. Aug. 2017

Trade wurde manuell geschlossen

@1169