Hourly Carin Charts shows a potential short term trade setup with a bullish BAT Pattern. Bullish BAT pattern requires a smaller stop loss than most patterns because it has undergone a 0.99XA retracemnt.
Hindustan unilever likely to reverse after good amount of correction. Bullish butterfly gartley pattern found on HUL daily charts . 225 as stop loss on closing basis on can try a long in that which looks a low risk trade. Reference: Harmonic Patterns Happy trading !!!!! Jay
As mentioned by MGV in the comment coloumn, the harmonic patterns are changing continiously. And today it changes from Bearish Bat Pattern to two types of Bearish Harmonic Pattern 1)Bearish Crab Pattern 2)Bearish AB=CD Yesterday’s Observation Failed. I’d like to go for Second observation Now the Idea trade is to wait […]
15 min charts of Bank Nifty futures shows a bearish Bat Pattern(Harmonic Pattern) Which indicates a near term weakness. I’d like to once again keep an observation on this chart. Now the Ideal trade should be wait for the overhead resistance 8760 to hold and short it with stop loss just above that Source: […]
Hmmm,,, Not bad 🙂 Tested 38.2%(Rs 72.28) and made a high of Rs72.70Chart shown : 15 min IEOD charts for Petronet Related ReadingsObservation – Bullish Crab Pattern in Petronet Source: www.marketcalls.in
Iam very new to the concept called harmonic trading. Last night iwas just scrolling my Ami IEOD Charts using harmonic AFL andfound lots of interesting patterns. Out of those i like to keep anobservation on Petronet as it is showing Bullish Crab Pattern in15min charts Still now my knowledge about crab pattern is a […]
Harmonic Patterns Today I was searching for an AFL code which could interpret Harmonic pattern like AB=CD, Gartely, Crab, Bat and Butterfly and finally landed in inditraders forum. I thank joy for writing this excellent Script. Which makes my work easier in tracking Harmonic Patterns. Harmonic Pattern-Amibroker AFL Code Download the AFL for Harmonic […]