Harmonic Price Pattern

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Re: Harmonic Price Pattern

Postby SHARK » Thu Feb 11, 2016 10:20 am

The Gartley Pattern The Gartley pattern was outlined by H.M. Gartley in his book Profits in the Stock Market, published in 1935. Although the pattern is named "The Gartley," the book did not discuss specific Fibonacci retracements! It was not until "The Harmonic Trader" was released that the specific retracements of the B point at a .618 and the D point at a .786 were assigned to the pattern. There are others who have assigned Fibonacci retracements to this framework. However, they use a variety of Fibonacci numbers at the B and D points. Despite these variations, the Fibonacci retracements that yield the most reliable reversals are the .618 at the B point and the .786 at the D point. Furthermore, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 0.786 XA retracement and the BC projection (either 1.27 or 1.618). The most critical aspect of the Gartley is the B point retracement, which must be at a 0.618 of the XA leg.
gartleybearre.jpg

gartleybullre.jpg
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Re: Harmonic Price Pattern

Postby SHARK » Wed Mar 02, 2016 11:04 pm

Well its time we look at for any hidden pattern formations on main indices (ASI & S&P20)
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Re: Harmonic Price Pattern

Postby SHARK » Fri Mar 11, 2016 6:10 am

Price is what you pay. Value is what you get.”

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Re: Harmonic Price Pattern

Postby SHARK » Sun Mar 13, 2016 11:53 am

SHARK wrote:The Gartley Pattern The Gartley pattern was outlined by H.M. Gartley in his book Profits in the Stock Market, published in 1935. Although the pattern is named "The Gartley," the book did not discuss specific Fibonacci retracements! It was not until "The Harmonic Trader" was released that the specific retracements of the B point at a .618 and the D point at a .786 were assigned to the pattern. There are others who have assigned Fibonacci retracements to this framework. However, they use a variety of Fibonacci numbers at the B and D points. Despite these variations, the Fibonacci retracements that yield the most reliable reversals are the .618 at the B point and the .786 at the D point. Furthermore, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 0.786 XA retracement and the BC projection (either 1.27 or 1.618). The most critical aspect of the Gartley is the B point retracement, which must be at a 0.618 of the XA leg.
gartleybearre.jpg

gartleybullre.jpg


Anyone seen a particular SHARE taking shape of this pattern GARTLY *-:)
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Re: Harmonic Price Pattern

Postby SHARK » Fri Apr 29, 2016 6:49 pm

Should be able to get involved by coming week
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Re: Harmonic Price Pattern

Postby SHARK » Fri Apr 29, 2016 6:50 pm

Its time we kick some charts in TEC :)
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Re: Harmonic Price Pattern

Postby SHARK » Wed Aug 24, 2016 10:13 am

SHARK wrote:Its time we kick some charts in TEC :)

Never updated since April this year.
Will post a few,as i see some price action taking shape of few harmonic patterns.
Thats a encouraging.......

I hope members could identify them, as they are in the last extension .....
Therefore good to identify and get into the position before it's too late.
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Re: Harmonic Price Pattern

Postby wmdcf » Wed Aug 24, 2016 10:21 am

SHARK wrote:
SHARK wrote:Its time we kick some charts in TEC :)

Never updated since April this year.
Will post a few,as i see some price action taking shape of few harmonic patterns.
Thats a encouraging.......

I hope members could identify them, as they are in the last extension .....
Therefore good to identify and get into the position before it's too late.


SHARK මල්ලී ආයෙත් වැඩ පටන් අරන් වගේ ... ජය වේවා !!!
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. - Warren Buffett

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Re: Harmonic Price Pattern

Postby Contra » Wed Aug 24, 2016 12:58 pm

Therefore good to identify and get into the position before it's too late.

I like above.

Really, I impressed with some tech target and some analysis given by Shark and stockback on some stocks. I couldn't believe.

Long way to go. There are 12 months for one financial year.
Company, stock market, politics and the economy are four different things.

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Re: Harmonic Price Pattern

Postby SHARK » Thu Aug 25, 2016 11:39 am

bat.png


XA retracement seen @50% and current leg (CD) should extend towards .886 of XA
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Re: Harmonic Price Pattern

Postby SHARK » Thu Aug 25, 2016 11:58 am

vone.png
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Re: Harmonic Price Pattern

Postby SHARK » Thu Aug 25, 2016 12:10 pm

bfl bat.png


There are 2 levels to look at in case pull back :-?

These levels will open Target of 225-220 mid term/LT. *-:)
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Re: Harmonic Price Pattern

Postby SHARK » Thu Aug 25, 2016 12:20 pm

This Retracement of XA towards B leg fits in 61.8%

The Pull back is equally looks super, with FINAL Leg to be completed around 27+

:-?
osea.png


All the Patterns with live examples are for study/educational purposes. *-:)
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Re: Harmonic Price Pattern

Postby SHARK » Thu Aug 25, 2016 12:29 pm

ntb deepcrab.png

:ymcowboy:
Just a slight disappointment that XA leg re-tracement did not exactly confluence around 886....

Its worth giving a TRY @75 or 80 (CMP) for a possible target 100+ towards 1.618% (105/106)
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Re: Harmonic Price Pattern

Postby SHARK » Fri Aug 26, 2016 5:28 pm

lioc.png


An opportunity to collect @36-38. *-:)
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Re: Harmonic Price Pattern

Postby SHARK » Fri Aug 26, 2016 5:29 pm

For LIOC Go with a 36.50/35 BUY ..... Look whether able to collect :D
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Re: Harmonic Price Pattern

Postby SHARK » Fri Aug 26, 2016 9:58 pm

CHART eke wisatara adata eti ne :D
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Re: Harmonic Price Pattern

Postby SHARK » Sat Aug 27, 2016 10:12 am

aspih.png


Fib Extension towards a Max 1.618%

In order to reach the desired levels closer to 7000, a healthy pullback to a max 6400.
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Re: Harmonic Price Pattern

Postby SHARK » Sun Aug 28, 2016 12:41 am

reg.png

Another HPP .....

This time REG.N

A retest of LOW is in progress.
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Re: Harmonic Price Pattern

Postby SHARK » Sun Aug 28, 2016 12:57 am

Here is a chart on malwatte valley, with limited opprtunity towards 3.8-4 target

mal.png
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Re: Harmonic Price Pattern

Postby SHARK » Sun Aug 28, 2016 12:58 am

MAL could be Buy around 2.6/2.5 with stop loss below 2
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Re: Harmonic Price Pattern

Postby SHARK » Wed Aug 31, 2016 2:54 pm

grand1.png

GRAN 1.13

tafl1.png

TAFL 1.13 )175-170
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Re: Harmonic Price Pattern

Postby SHARK » Thu Sep 01, 2016 10:00 pm

glahpp.png


Buy initiate @5Rs towards Target of 6.50

Pattern would FAIL if 4.80 is tested.
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Re: Harmonic Price Pattern

Postby sashimaal » Thu Sep 01, 2016 11:20 pm

Shark, i see TAFL moving to Rs 170 within next few months

What does the charts say after that?
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Re: Harmonic Price Pattern

Postby SHARK » Thu Sep 01, 2016 11:57 pm

We may some corrections owing to profit take, this will allow opportunity to Buy
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