the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
Bullish 5-0 pattern should be formed, not necessarily mandatory, in the downtrend so it can have a much higher success rate.
Bullish 5-0 is drawn as Shark pattern, but with additional C-D leg. That means you can first have the Shark pattern on the chart and then wait until C-D retracement happens.
B-C leg has two Fibonnaci rules so you can watch two bullish scenarios. The final difference will be in your profit target because the C point has two different lengths.
You need to watch out that the A-B leg is reciprocal to C-D leg, AB=CD, to pattern be valid.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
Bullish 5-0 pattern should be formed, not necessarily mandatory, in the downtrend so it can have a much higher success rate.
Bullish 5-0 is drawn as Shark pattern, but with additional C-D leg. That means you can first have the Shark pattern on the chart and then wait until C-D retracement happens.
B-C leg has two Fibonnaci rules so you can watch two bullish scenarios. The final difference will be in your profit target because the C point has two different lengths.
You need to watch out that the A-B leg is reciprocal to C-D leg, AB=CD, to pattern be valid.
Comment:
NVDA WILL RISE TO NEXT GOLDEN LEVEL AT 1.618'
Comment:
Place a sell order for NVDA at the golden level of the Fibonacci at 710-735.
Trade active
Comment:
Comment:
Selling targets for NVDA.
Trade closed: target reached
Fibonacci ratios are one of the most powerful and easiest trading tools in your investor’s toolbox. It provides excellent guidance for when a trend will end and reverse course.
GOOD LUCK.
SEYED.
GOOD LUCK.
SEYED.
In this context, "Idea" refer to a my thought, "target" refers to a goal or objective, and "sharps" potentially be a typo or a specific term related to a particular Target . Without further context.