Hello, we got a bullish shark forming on the 1hr bitcoin chart. A shark harmonic pattern has the XC .886 to the 1.13 buy area zone. However, you'll know the entry zone if the BC extension is of at least a 1.618. There it lines up with the .886 so we know that the entry for the price reversal zone is with the combination of the .886 and 1.618 BC extension and not...
EURUSD has a Bearish Shark Pattern, the first target has been reached. Counter-Trend Traders could wait for a counter-trend trading opportunity, like Double Bottom with RSI Divergence to engage the trade. The earliest you can wait for a buying opportunity is at 1.0537. Target1 will be the retest of the Shark Pattern, which is 1.0588.
We have a Potential Right Shoulder forming at what would be the PCZ of a Bullish 5-0 Locally and the PCZ of a More Macro 1.13 Bullish Shark
0/5 pattern buy from 50/61.8 fibo buy from lowwer limit of the canal buy on green trend stop loss under buy zone by closing
Swimming with the sharks. The 1.13 as a reversal point (rather than a new low/trend continuation) always feels risky, but we're trading harmonic patterns so there shouldn't be any room for emotions. We're in the buy zone and TP should at least partly be between 0.6557 (1.0 reciprocal ABCD) or ideally 0.6810 (61.8) since the ABCD completes above the 50%...
If you have followed last week's analysis(link at the bottom), you could have caught some profit from the Bearish Shark Pattern setup. It's a bad idea to jump in the trade and take the short trade now because you won't have an edge over the market. Instead, you could wait for the 5-0 Pattern completion for a counter-trend move. The formation can complete as...
This is an Update to a previous ALGO setup of the same sort except the pattern has now further developed with the addition of a Double Bottom of the PCZ. The Bullish Targets and Stops remain the same as the previous setup
the price has made a shark harmonic pattern please if you want to enter the trade be careful and enter with small loot and follow for updates
Just your normal bull market. Enjoy guys. A quick bull run up to $5297 Eth And then a retracement ( bottoming out ) to/at $2262 Eth Take entry at your own accord. Not financial advice. TP 1 : $4400 Enter again @ $3050-$3100 TP 2 : $5297 and wait for bearish divergence confirmation. A more aggressive TP 2/3 could be $6467 Enter again @ $4146 TP 3 :...
RSI is moderately extended and we've had a mad amount of volume come in on that wick test to the PCZ, from the looks of it WTI is setting up for a major reversal.
Beware the sudden dump The bears will come in the night.
DXY is almost at a very strong historic resistance zone (100) Trading range is between 92 - 108 No candles are allowed to close bellow 90 to maintain strong bullish trend with wicks into 89.6 As always, be safe. Spend more time with your loved ones.
Credits to Original Analysis by @CryptoPatel Outlook for LTC this year will look like a double top and a crash by summer following "current global inflations trend" as if... As always, be safe. Spend time with your loved ones.
May be (Nse Nifty) move downward again in next week and take support 16730 ,16639 as per 0-5 bullish harmonic pattern. and further move towards new lifetime high. (short term sell )
Hello traders. I see a 5-0 pattern on the EURJPY H4 chart. Good luck everybody.
Last week, we spoke about the EURJPY 5-0 Pattern complete on the Weekly Chart, if you had bought it when the market opened, you would have at least gained 283pips of profit. If you had not done that, the next thing you would probably think of is to engage as soon as you have the opportunity. Well, there is a Potential Bullish Flag setup complete at 127.46,...
A Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level. Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should...
Assume base on factor such as DXY back to 96.5 and people kept on buying US10Y , ( look at the latest balance sheet in fed, there are currently no signs in slowing the buy yet except December)