Trading as a part time profession.
- Thread starter rajendrani
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So many pattens in yesterdays NF Fut intraday, below is 2m chart
1. Descending broadening triangle(Marked with yellow) volumes are increasing for the whole day.
2. Channel (Marked with aqua), Volumes were draining
3. Two Gartley Pattens (Marked with Pink)
4. A small Inverted head and shoulders (marked with pink), and volumes are also accordingly to the patten.
today NF broke the Upper Trend line of the wedge and almost reached the target. will post today's charts afterward.
1. Descending broadening triangle(Marked with yellow) volumes are increasing for the whole day.
2. Channel (Marked with aqua), Volumes were draining
3. Two Gartley Pattens (Marked with Pink)
4. A small Inverted head and shoulders (marked with pink), and volumes are also accordingly to the patten.
today NF broke the Upper Trend line of the wedge and almost reached the target. will post today's charts afterward.
Hi ankit
Good charts.Few months back I started a Thread by name STRETCH EFFECT
(most probably in EQUITIES section),wherein I mentioned that the ideal ratio
between X-axis : Y-axis is 1:1.It can go upto 1.5:1.If it goes beyond that
then STRETCH effect (the graph in x-axis is PULLED or stretched).Though it
tells the facts clearly ,sometimes the meaning will be lost.
Except ALEX nobody was contributing to the thread ,I closed down the thread.
My request is please reduce the graph in X-direction.
Good charts.Few months back I started a Thread by name STRETCH EFFECT
(most probably in EQUITIES section),wherein I mentioned that the ideal ratio
between X-axis : Y-axis is 1:1.It can go upto 1.5:1.If it goes beyond that
then STRETCH effect (the graph in x-axis is PULLED or stretched).Though it
tells the facts clearly ,sometimes the meaning will be lost.
Except ALEX nobody was contributing to the thread ,I closed down the thread.
My request is please reduce the graph in X-direction.
Last edited:
Almost perfect Gartley formed in todays Nifty futures 5 min charts. we missed a perfect Gartley with 2 points, if D had been at 3485, then it would have been a perfect Gartley 
X to A = 3500 - 3441 = 59
A to B = 3778 - 3441 = 37
C to D = 3483 -3448 = 35
CD is 2 Points less then AB
AB retraced 61.8% of AX
BC retraced 78.6 % of AB
CD retraced almost up to 127.2%
Time taken to form AB is equal to CD both took 30 mins to form, angles are same :thumb:
X to A = 3500 - 3441 = 59
A to B = 3778 - 3441 = 37
C to D = 3483 -3448 = 35
CD is 2 Points less then AB
AB retraced 61.8% of AX
BC retraced 78.6 % of AB
CD retraced almost up to 127.2%
Time taken to form AB is equal to CD both took 30 mins to form, angles are same :thumb:
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