Just wanted to share some patterns I've seen in BTC over the past couple of weeks. After the initial crash on May 19th there was a bounce and a subsequent crash that formed a bullish ABCD pattern. This led to a mini relief rally and prices shot up. A Head and Shoulders pattern formed followed by another drop. We've slowly rallied since then but volumes remain...
Bearish 2 AB=CD was found on 30 Apr 2021 00:00 UTC+8 with Point is USD 523.96 @ USD 16.05 @ 3.16%. Resistance : USD 512.37 @ +4.46 @ 0.88% Support : USD 504.35 @ - 3.56 @ 0.70% Risk/Reward Ratio : 1.25
Australian dollar / Canadian dollar Technical analysis is positive on several frames: 1- The daily FRAME: The pair is currently at a strong demand area between the level of 0.9250 and the level of 0.9300, and it represents a good support area as well, which has pushed the price to large levels, so on a daily basis we target the purchase of the target 0.9750 2- 4...
If following the Elliot Wave Theory of ABC down 0-A = BC length so the next down move should be same down as the first down move. Which is going to be quite a drop if it is the same distance. 1. 275 USD traget will be the most extreme case while moving down and there kind of is a downwards channel it does fit into. 2. However while it was moving down it did set...
1. If we are in an ABC down with AB and BC leg being equal lenght we will be looking at a possible 10K target, it might sound like an extreme drop from our current price which is about a 71% further drop, which is a worse or best case depending how you look at it , if you have sold and want a big discount. 2. Pendant theory the other target right now is at...
With approximately 300pips move in our direction since my last publication on this pair (see link below for reference purposes); It appears we are at a juncture for a trading opportunity in the market as I suspect a risk of further decline for the Kiwi as Breakdown/Retest of Neckline which is also my Key level @ $0.71500 becomes imminent. The US Bureau of Labor...
Hi all, AUDCAD has a very obvious AB=CD formation and started to work already. TP points are fibonacci levels 38.2 61.8 this is not a financial advice.
Well well well... Im sure I cant be the only one who has been loading up on puts since the last spike to the 630s... I have been bearish on TSLA for awhile now and I personally think this was its last straw... it lost all of its support levels except for this march 2020 trend line that it bounced off of before. Now yes, it could hold the trend line again and...
buy at 0.9270 to 0.925 tateprofit=0.9665 stopless=0.9230 daily
AbbVie has been on my radar now for quite a bit. It’s one of the few Pharm. companies Warren Buffet holds and even know I’m not strong in the realm of Pharm. I have seen their marketing on TV increase quite a bit. Since I am away from my computer at the moment and posting from the TradingView App. I do not know their financials right off hand. I will update this...
Okay, so this is my first time posting a pattern with the HPC Software from Scott Carney i have had the software for quite sometime now, but hardly use it or even have it turned on... i just feel like i can pull patterns better than the software can. either way here on the Euro Aussie we have a bearish Gartley on the daily. the pattern has completed, and we have a...
Here on the Euro/ USD we have a Bearish ABCD Pattern. Now this is as contrarian as it gets. The stock market is super inflated, Bitcoin (BTC/USD) is figuring out if its going to bounce or dive... overall this is an interesting picture. from the technical stand point we are waiting for the AMP-RSI to return back to the extreme area and on the candle that drives the...
ABCD pattern applied to the xrp in 4h time frame