Bearish Gartley on Nifty

[satish_thopil]

the gartley pattern is working, thanks for that info, market still looking bearish. lets see what the infosys result will have on market tommorrow.

 

[swagat86]

nope 3854 breached on closing basis, some pull back expected on friday i guess or from thu late, dead cat bounce ? remember guys this is not India specific but the world seeming to peak, anyways 5 straight down days, lets see when it bounces, thing is this fall is worst than the 500/p.day fall last month cause people are being trapped due to gradual fall, correct me but i heard on this forum somewhere the E.wave 5 fall is gradual ?

Ur right Czar, it breached on clsoing basis. Yes this kind of fall is like Slow poisoning. Remember the Mid and Small caps were rallying contuously for the first 2 days of this 4 day fall, and even Yseterday. This is a hallucination. We must not forget that the mid and snallies cant rally too longer with the Benchmark falling heavily everyday.


Thanks

 

[swagat86]

the gartley pattern is working, thanks for that info, market still looking bearish. lets see what the infosys result will have on market tommorrow.

A bounce may come with the Extention near 50% mark on the Fibo. But still hav to keep a close watch for us to know whether this pull back is temporary.


Thanks

 

[winstonn]

Hello all friends,

i surfed on net and found out on gartleys.

Have attached two charts. Please see first of Sesa goa and then ABB


In sesa goa , Bullish gartley was formed , ohh! we missed the oppor.
Well, here price AB retraces price XA not more than 61.8%
price BC retraces prive AB between 61.8% to 78,6%
price CD retraces price BC between 127% and 161.8%

so a bullish gartley is verified.
And see the spectacular runup in sesa goa.

Opposite for bearish gartley in ABB

thanxs
winston

 

[Czar]

ABB looks more like a H&S to me ?

 

[Linus]

Winston,

Very good work on Gartley pattern. May I use your Sesa Goa chart on my blog?

Best regards,

Sunil Saranjame.

 

[winstonn]

hi sunil,

you can surely post it on ur blog!!!!!!

thanxs
winston

 

[swagat86]

A bounce may come with the Extention near 50% mark on the Fibo. But still hav to keep a close watch for us to know whether this pull back is temporary.


Thanks

cool bounce back, isnt it???

 

[kkseal]

Thanks Swagat You have added another weapon to my arsenal - the Gartley. Keep posting more on such patterns.

Regards,
Kalyan.

 

[Czar]

was'nt the nifty pattern a failed Gartley ?