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Bullish Gartley formation

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... an uptrend on ... Uptrend is still strong. GBP/USD hits the 4 Hour (Magenta) beam and ... GBP/USD is still strong, uptrend but the slope is not as steep as ... – PowerPoint PPT presentation

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Title: Bullish Gartley formation


1
  • Bullish Gartley formation

2
  • Bearish Gartley formation

3
  • Bearish Gartley formation a Sell Signal is
    given
  • Websites http//onix-trade.net/forum/index.php?s
    howtopic118st3630
  • http//www.forex-tsd.com/harmonic-trading/11443-ha
    rmonic-zigzags-15.html
  • http//articles.mql4.com/376

4
  • EUR/USD heat map chart with zup 71-76 shows that
    EUR/USD is stronger than GBP/USD.
  • Using multi-currencies EUR/USD, EUR/GBP, GBP/USD.
    Template used lt3.2.08 - eur.usd heat map
    zup 71-76 gt

5
  • GBP/USD heatmap chart with zup 71-76 shows that
    GBP/USD is weaker than EUR/USD.
  • Template used lt 3.2.08 - gbp.usd heat map zup
    71-76 gt

6
  • EUR/USD formed 8-6-4-2-1 hitting twice the
    Monthly (Yellow), Weekly (Orange), 4 Hour
    (Magenta) beams of resistance.
  • EUR/USD may form a triple top and breakout.
    ltTemplate used 3.2.08 gt

7
  • EUR/USD still on an uptrend on H4.

8
  • EUR/GBP formed 7-5-3-1. Hits the Monthly
    (Yellow), Weekly (Orange), 4 Hour (Magenta) beams
    of resistance. EUR/GBP may retrace and breakout
    if EUR/USD does its breakout. The slope of the 14
    and 21 EMA from 0.715 to 0.7675 is not as steep
    as the EUR/USD 14 21 EMA slope.

9
  • EUR/GBP hits the Monthly (yellow) and Weekly
    (orange) beams. Formed a Bearish Butterfly.
  • Uptrend is still strong.

10
  • GBP/USD hits the 4 Hour (Magenta) beam and formed
    a Bullish Bat. It is ranging and the 14 and 21
    EMA does not have a strong trend.

11
  • GBP/USD is still strong, uptrend but the slope is
    not as steep as the EUR/USD slope.
  • It has a strong resistance on the Yearly Pivot at
    2.0013.

12
  • EUR/JPY is on a downtrend. It is not a strong
    downtrend as the GBP/JPY. EUR/USD is stronger
    than GBP/USD.
  • Using EUR/JPY, EUR/USD, USD/JPY to show
    multi-currencies strengths. Template used lt
    3.2.08 - eur.jpy heat map zup 71-76 gt

13
  • GBP/JPY is on a strong downtrend. GBP/USD is
    weaker than the EUR/USD.
  • Using GBP/JPY, GBP/USD, USD/JPY to show
    multi-currencies strengths.

14
  • EUR/JPY formed 8-6-4-2-1. Hits the 4 Hour
    (Magenta) beam. From the failed Bullish Bat
    formation on leg 4-2-1, it went up
  • to the 2nd Daily Resistance and fell.
  • Since EUR/USD is strong and USD/JPY is weak,
    EUR/JPY does not do a big fall but there is no
    support in sight for now.

15
  • EUR/JPY hit the Yearly Pivot on leg 3 of the
    Bearish Bat. It may still go down since there is
    no strong support.
  • The strongest support will be the Yearly Support
    at 153.48.

16
  • USD/JPY formed 6-4-3, hits the 4 Hour (Magenta)
    beam of resistance, then dropped from 2 to 1.
  • A steep down slope of the 14 and 21 EMAs exists
    and there is no support.

17
  • USD/JPY formed 6-4-3, hits the 4 Hour (Magenta
    beam), then dropped from 2 to 1. A steep down
    slope of the 14 and 21 EMAs.
  • Hits the Yearly Support 1 at 103.26 and still
    dropped.

18
  • GBP/JPY forming 8-6-4-3, hits the 4 Hour
    (Magenta) beam. Formed a Bearish Bat on point 3
    and goes down from there.
  • The 14 and 21 EMA cross down and goes down on a
    free fall. It will still go down until it finds
    a support below.
  • May still go down for a few more days.

19
  • GBP/JPY formed a Bullish Butterfly but the slope
    is still on a strong downtrend.
  • Penetrates the Yearly Support 1.

20
  • USD/CAD formed a 7-5-3 hitting the Weekly
    (Orange) beam of support. It forms a Bearish
    Butterfly from 4-3-1 and hits the Daily
  • Resistance 1.
  • It retraces and may continue it downtrend.

21
  • USD/CAD hits the Weekly (Orange) beam of support.
    Hits all the Daily Support levels.
  • It retraces to the upside.

22
  • EUR/CAD formed a 5-6 that hits the 4 Hour
    (Magenta) beam of resistance. Formed a Bearish
    Bat from 4-3-2-1 and went up.
  • Hits the Daily Reistance and Daily Pivot and
    retraces but not for long. Since EUR/USD is
    still strong, EUR/CAD may still go up.

23
  • EUR/CAD formed a Bullish Gartley. It may retrace
    a bit but the uptrend is still strong.

24
  • AUD/CAD hits the Weekly (Orange) and 4 Hour
    (Magenta) beams of Resistance twice and retraces.
  • Formed a 8-6-4 that hits the 4 Hour (Magenta)
    beam of resistance. A Bearish Butterfly was
    formed.
  • We received a SELL sign but looks more like
    moving in a range.

25
  • AUD/CAD did a Double Top hitting the Weekly
    (Orange) and 4 Hour (Magenta) beams of
    resistance.
  • Also hit the Yearly Resistance 1 twice.
  • From there, there is a strong retracement to the
    downside.

26
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27
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