Nifty Bank Futures Harmonic Pattern

As mentioned by MGV in the comment coloumn, the harmonic patterns are changing

continiously. And today it changes from Bearish Bat Pattern to two types of Bearish

Harmonic Pattern

 

1)Bearish Crab Pattern

2)Bearish AB=CD

 

Yesterday’s Observation Failed. I’d like to go for Second observation

 

Now the Idea trade is to wait for 8940 to hold to short Nifty Bank Futures

Source:
http://www.marketcalls.in

Bearish BAT Pattern in Bank Nifty Futures

15 min charts of Bank Nifty futures shows a bearish Bat Pattern(Harmonic Pattern)

Which indicates a near term weakness. I’d like to once again keep an observation

on this chart. Now the Ideal trade should be wait for the overhead resistance 8760 to hold

and short it with stop loss just above that

Source:
http://www.marketcalls.in

Aftermath : Petronet Bullish Crab Pattern

Hmmm,,, Not bad 🙂

Tested 38.2%(Rs 72.28) and made a high of Rs72.70
Chart shown : 15 min IEOD charts for Petronet

Related Readings
Observation – Bullish Crab Pattern in Petronet

Source:
http://www.marketcalls.in

Observation – Bullish Crab Pattern in Petronet

Iam very new to the concept called harmonic trading. Last night i
was just scrolling my Ami IEOD Charts using harmonic AFL and
found lots of interesting patterns. Out of those i like to keep an
observation on Petronet as it is showing Bullish Crab Pattern in
15min charts Still now my knowledge about crab pattern is a potential
reversal pattern which can be played with tighter stop loss. Though
Iam not sure about the targets ,I had taken fibonacci as a tool to
project my target. 38.2% of & 50% retracement which comes near
Rs72.48 and and Rs73.08 respectively

Just formulated my ideal trade here before getting into observation

1)Wait for the supports 70-70.6 zone to hold on opening
2)Enter the trade near support zone with 2%Rs68.5-Rs69 Approx)
3)Close the trade if the Stop Loss/Target Hits

Source:
http://www.marketcalls.in

Harmonic Patterns AFL Code for Amibroker

Harmonic Patterns

Today I was searching for an AFL code which could interpret Harmonic pattern like

AB=CD, Gartely, Crab, Bat and Butterfly and finally landed in inditraders forum.

I thank joy  for writing this excellent Script. Which makes my work earier in

tracking Harmonic Patterns.

Download the AFL for Harmonic Patterns

Source:
http://www.marketcalls.in