Bull therapy 101-thread for technical analysis with the fundamentals


(Capsule91) #131

ASHOKE LEYLAND AGAIN…

bearish AB=CD , price at prz…

Disclaimer… not invested, just watching


(PE_Ratio) #133

Why didn’t you take the low made on 7/8th Dec 2017 for B?


(PE_Ratio) #134

This seems like a perfect cup and handle to me. But then why is this post flagged by the community and is hidden?


(Capsule91) #135

AKSHAR CHEM (weekly chart)

The price has entered the PRZ, this will be the most interesting scrip to watch…

Disclaimer…Not invested, looking to bottom fish


(Capsule91) #136

Yiah a cup and handle by structure and momentum and classic volume changes, the depth of the cup is also under 33% , pattern to be observed…

Thanks!

Btw… Why flag it?! one of the best cup and handle i have seen…


(Capsule91) #137

No harmonics were possible with that low @PE_Ratio , i actually triend multiple combinations, wasten getting the structure or the ratios were failing…
Later found the present B and all the ratios did a perfect match…
If you can form a harmonic with the low point u are talking about with the highs and lows i have taken for the XA, please show … orelse if you can manage a abcd, that will also be fine…


(PE_Ratio) #138

We shouldn’t take a random low to form a pattern, right? That’s like forcing the pattern. Pattern should form naturally.


(Capsule91) #139

definitely, I am also reluctant to work this way, but the moment i took that B the prz resistance levels and other ratios started to fall in place…
Specially note the 1.618AB level resisted the price upmove like perfect ,so also the 2.24AB gave a support… So i was convinced about the B point…

But u are right i was not comfortable while drawing this…

Check this apple chart of the butterfly, the B point was not the ideal B, but it was forming an ideal bearish butterfly if that B was taken, so this is what i was talking about , there is a lack of standardization about the points XABCD , rather the ratios are standardized …
But as the ratios depends on the points, i come in a soup what to do… But so far, small variations didnt make much difference, as the prz remains the same…


But i want more opinion on this!


(stdkashyap) #140

Thanks for the response, but no idea , why flag, I am new to this forum, may be made some mistake while posting.


(Capsule91) #141

Keep up the good work… Learn some harmonics and also enrich this thread…


(Capsule91) #142

Anyone came across an alternate bat???
If so please post example

https://harmonictrader.com/harmonic-patterns/alternate-bat-pattern/


(Agarwala) #144

@Capsule91
I have tried to analyze the trends of Aluminium Futures. This is a long term view.

And this is my view of the weekly chart. A strong Bearish AB=CD pattern is complete. The most important point is that the retracement is sharp at 0.382, which is characterized by an extreme price action that we are seeing in the chart and the prices moved from 1860 at C to a high of nearly 2300.

This is what Carney says about sharp 0.382 retracement

The prices are above the cloud, and to me the situations seems bullish.

This is how MCX aluminium futures closely resemble US aluminium futures. After a sharp 0.382 retracement, the D point projection can be at 2.4, 2.612, or even at 3.14. Here also the prices are comfortably above the cloud.


(Capsule91) #145

this is how, you and me with contrasting opinions make the market…!
This the beauty of it…
I agree with you analysis…
Lets see whos idea plays out, 0.382 , 0.886 and 1.618 are growing as my fav retracements…


(Capsule91) #146

Just for demostration purpose…

The head and shoulder and AB=CD trade…
First the head and shoulder confirmation and retracements…


Then the Ab=CD

Full blown /Head and shoulder effect after trade

price momentum divergence confirming the (pink)bullish AB=CD


(Capsule91) #148

@Agarwala i guess we sud never underestimate the power of a primary fib ratio 0.618 over 0.382 which is a derived ratio


(Capsule91) #149

Swiss Franc/Jpy (3 min chart)

Head and shoulder followed by breakdown followed by divergence followed by symmetric triangle followed buy breakout!!


(Capsule91) #150

Midcaps were bound to face resistance in january…
Infact it was the holy grail number 3.14(pi) on the BC retracement of the alternate bearish abcd which threw the hammer


(Capsule91) #151

check this out guys… chick on the forward button to see wht happened… we should practice gann fan an fib fans…


(Capsule91) #152

sensex


(Capsule91) #154

similarly anoher undeniable level id 3.14 pi level…

Chk the mid cap chart i posted a couple of post above