Hi dear friends, hope you are well and welcome to the new update on Merit Circle (MC) token with US Dollar pair. Recently we caught almost33% pump of MC as below: Now on a 4-hr time frame, MC has formed AB=CD move for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and...
In WTF, For the AB=CD pattern, ploted the prize reversal zones
Hello traders. I see DEEP CRAB pattern, ABCD pattern and RSI divergence on USDCHF H1 chart. At the same time, based on the Elliott wave count, I predict that the price is approaching the end of the 5th wave. TARGET 0.89380 STOP 0.90120 Good luck everybody.
Hello All, I am sharing my technical analysis on AUDUSD, if we draw XABCD pattern in this chart, we can see two target here. Keep maintaining Trail SL 30 PIPS always.
Hi All, Let's take long shot one USDJPY now and see the triangle pattern here we might see some upside momentum here in Midterm. Thanks
Monthly chart on META META has been on a bull run for a year. Take a look at the Heikin Ashi green candles in the uptrend. Not one red candle. META is now showing first signs of weakness. In last two months, candles formed lower highs. A huge AB=CD pattern is nearly complete. META to make one run up to 360 before going down to 280 and then to 200 levels.
Is MATICUSDT getting ready for some serious bull run? It seems like the MATICUSDT is in the formation of ABCD pattern. If the CD leg plays perfectly it will be a sky rocket.
It is crucial to have a good grasp of how to interpret the market before making any trades. Although the current pound dollar movement leans towards bearish, the weekly chart indicates a positive trend. To capitalize on this, trend traders should sell, while counter-trend traders can take advantage of a shorting opportunity at 1.2317. The buy zone lies...
We have officially gotten PPO Confirmation at the Bearish Bat PCZ, as a result, I am now convicted to this trade and am even willing to lower my target back down to $42.99. We have broken trend on the PPO and Confirmed an Arrow at the PCZ; a move down to $42.99 would be the completion of a Perfect AB=CD BAMM and the Bearish Bat here just may act as our Early C...
Is XAUUSD getting ready for some serious pain? It seems like the gold is in the formation of ABCD pattern. If the CD leg plays perfectly it will be red bath for gold bulls.
First thing we are doing is longing it to its PRZ area. We have set the 1:1 risk ratio and after that at PRZ we will look for a divergence as per the Harmonics and if it forms the divergence then we will short it on reversal pattern or on simple Dow theory on LH and LL. We are trading Harmonics in this and other information is on the chart. You can see the chart...
Hello traders, We have yet another great market set up to take advantage of. The CHFSGD has been consolidating in a falling wedge. We have since seen an opportunity to take advantage of a trend violation on the daily timeframe. Should we close above the trendline today, we are definately bullish unti we reach our target set at 1.48927, this target was set by our...
Hello Traders, and welcome to TCPLTP! Today, we are examining a promising trading opportunity with the EUR/NZD pair. Let's delve into the specifics. To understand the potential of this opportunity, let's first unpack the AB=CD pattern. This pattern is a popular harmonic sequence in the trading sphere, noted for its symmetrical price legs. Currently, the EUR/NZD...
TSLA Weekly Chart TSLA was in a downward channel since November 2021 (red channel). It has been in an upward channel since January 2023 (yellow channel). Volume during the uptrend which started in January 2023 has been nearly double than during the downtrend which started in November 2021. During the downtrend, TSLA formed an equal wave (Elliott corrective...
The overall outlook for USDJPY leans towards a bullish trajectory. However, this week's strategies are tailored for counter-trend traders. For position traders, keep an eye out for a potential Bearish Bat Pattern forming at 149.28. Exercise patience and await confirmation before making a move. Zooming into the 4-hour chart, an ABCD Pattern coupled with an RSI...
The GBP/USD pair presents a compelling technical setup on the 4-hour chart, featuring a potential 1.27 AB=CD pattern. This pattern suggests an impending bullish move as price retraces around 127% of the initial leg. Furthermore, there's evidence of RSI divergence, where the price forms higher lows while the RSI indicator forms lower lows, indicating a potential...
The chart has made a perfect Bullish AB=CD reversal pattern. Clear Bullish Divergence is created hitting the potential reversal zone. Bulls will be pushing hard to be in control and the price has all the tendency to make higher highs and higher lows, thus reversing the trend. Verdict: Bulls to win.
It is Forming Bearish AB=CD and there is no divergence. Possible scenario is first it should go to the D point as mentioned in the chart. Then if it forms the divergence there we will look for a reversal pattern and if there is no divergence then we will let the trade go to the TP2. This is our plan