RELIANCE INDUSTRIES LTDDiupdate Part : 3 Crab or Gartley on Reliance (Harmonic)
Howdy Traders ,
Exactly 61.8% retracement of XA leg which required for two pattern - 1 Gartley and, 2. Crab.
For the Gartley pattern, The price should respect of X but here price already fallen 1.13 which is not suit for Garley.
There are two possibility as per following:
Exactly 61.8% retracement of XA leg which required for two pattern - 1 Gartley and, 2. Crab.
For the Gartley pattern, The price should respect of X but here price already fallen 1.13 which is not suit for Garley.
There are two possibility as per following:
- 1) The price will not break recent low or 1.618 AB = CD.
- 2) For the Crab, pattern D point should be more than 2AB=CD which possible for Reversal.
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