Keep it simple. Using Harmonic patterns.
The 1.02 mark is an absolutly strong resistance area, look at all the harmonic legs that are leading to the 1.02 mark. Because of this, this is a low risk profile short setup. There are different scenarios. For instance It can go immediately to that mark and create a wick, -or it can trade in a trading range above the mark...
Sell Now Or Sell After Bearish Candlestick Pattern.
Always Use Risk Management And BreakEven Technique To Your Ideas.
SL = 18.23000
TP1 = 15.78000
TP2 = 14.86000
Are You Agree With My Trading Plan?
Good Luck & Trade With Care.
ForexCityPK
#WOO/USDT
$WOO broke out from long term descending trend line and confirmed it as support.
🐮 holding above this support will increase price to $0.3 to complete AB=CD pattern.
Eth has completed its harmonic pattern of AB=CD at the 850 - 900 region. The price immediately bounced from the level and is holding above it.
According to the pattern, Eth has completed its downside and the bottom has been defined. A bullish reversal from here is insight.
Trade your levels accordingly.
Although price is on a heavy down trend, I've noticed that price is holding down the low. Upon this level of support, I've spotted a bullish ab = cd pattern, one that may reset the trend.
#DOGE/USDT
$DOGE touched the 0.5 fib level of last swing high, and price is above ascending trend line.
🐮 holding the ascending trend line as support can increase price to 2 fib level to complete AB=CD pattern.
🐻 break down from ascending trend line will drop price to 0.618 and maybe lower fib levels.
Hello and welcome to this analysis on TATASTEEL
After a v sharp decline in MAY-JUNE the stock has now formed and reversed from the PRZ of a Bullish Harmonic ABCD
As long as it sustains above 840 it can do a pullback to 925 and 1000
Risk Reward good for longs
Analysis of #GBPUSD
GBPUSD has a strong structure resistance level near 1.65500-1.2700 which will represent a strong place to sell GBPUSD.
if the market actually comes and tests my structure resistance zone it will also complete AB=CD bearish harmonic pattern which can be used to enter sell if the rules for entry are met
...
After a healthy retrace of 30% of a 5.162 Fibo beautiful leg down BTCUSDT shows a condition to reach 13k soon. Rout to meet Dec '17 ATH. This pullback seems accomplished and now we can see a good pivot point to adding on shorts in the crypto market expecting an 2nd leg down after that prior swing. Plus Fibonacci Retracement new target and Fisher Transform...
Keep it simple. Using Harmonic patterns.
Two AB=CD pattern on the smaller timeframe. There is a probability it will first go to the retracement box before a potential pullback or reversal. It's also forming a 3rd leg up, wich most of the tiime ends with a reversal. If you woudld like to go short: wait for a better structure. Maybe a push higher above everything...
Shall we see $1.078.. depending on June 9 ECB interest rate decision.. No Change is good news.. Let's keep our fingers crossed!!!
"not a financial advisor"
Hello everyone. We see massive sell-off for the past few days. NQ has been down by over 25% from the peak created last Nov.
From the chart, we can clear see that the long-term MA(red color) has served as a good defense line that pushed price back to key fib level of 61.8%.
Unfortunately, the duo long-term MA has been firmly conquered. Where might the index...
Wipro made an AB=CD pattern (if it dont extend losses from here & reverses) on daily charts, if overall market & IT index made bottom here reverses,
Then, could be bought with mentioned stoploss & targets.
Risk to reward ratio is well in favour of bulls.
Triangle breakout. Corrective uptrend. I'm expecting at least 3 days in an uptrend of the macro correction. Based on Elliot the price action is in a wave 4 zigzag correction. targets predicting daytrade at least 32.6k. Symmetrical triangle and Fibonacci confluences. Beautifully bullish.
#BNB/USDT
$BNB AB=CD pattern shows downtrend can be end around $100
🐻price is below middle line of weekly descending channel, but still the weekly candle is open.
so close below middle line will drop price more to touch lower line around 2.618 fib level to complete ab=cd pattern.
🐮 if weekly candle going to close above middle line price can head up to break out...
DE30EUR has formed an abcd bearish pattern on its hourly chart.
The price is trading below the entry level EL 13749.9 with possible targets projections:
TP1 13121.2
TP2 12912.4
