Question for Harmonic Trader & Why price fired? BANKNIFTY
Quick reversals from Bat pattern PRZs are quite common.
Question of Harmonic Trader/Analyst is,
Bat Or Gartley?
Why did birth to this question?
- The Gartley Pattern required point "B "50% and 1.27AB=CD pattern required. In essence, One of the most important numbers in the pattern is the completion of point D at the 0.786 of XA.
- The Bat utilizes a BC projection that is at least 1.618 & the BC projection must not be a 1.27 but in this case, we have 1.27 AB = CD.
- The mid-point "B" at exactly 50% retracement.
- Alternate 1.27AB=CD pattern.
- BC projection @61.8%.
- The price quickly reversal seen after "D".
Question of Harmonic Trader/Analyst is,
Bat Or Gartley?
Why did birth to this question?
- The Gartley Pattern required point "B "50% and 1.27AB=CD pattern required. In essence, One of the most important numbers in the pattern is the completion of point D at the 0.786 of XA.
- The Bat utilizes a BC projection that is at least 1.618 & the BC projection must not be a 1.27 but in this case, we have 1.27 AB = CD.