The GameStop Trade is not over yet, as the Falling Wedge is still in play, the price is still above the PCZ, and it is still trading above the Log scale All Time 38.2% retrace. If we hold here, we can eventually get a rally up to $156.72, and if it wants to go for a symmetrical move, it would go for the full 1.618 Fibonacci extension all the way up to $417.05. We...
As it is forming ABCD we might see a downtrend because there is no divergence. And it probably made the C point now waiting for the trigger of the order and let the trade play. It could go all the way down to D point as mentioned in the chart. Share your opinions if you come across the chart. Thank you
This is a follow-up to this trade below: TRX has been holding up here in this zone despite the bearish price action on the macro, has recently started to press up against the resistance zone above, and has also once again defended its bullish trend line. If this price action continues, we could very soon see TRX jump up to the upper end of the range at around 18...
Identify the harmonic AB=CD pattern and bearish divergence on the Gold chart. Place a sell stop order . Set a stop loss for risk management. Target take profit levels based on technical analysis.
The pair have started a decent bullish rally after a bearish divergence. The recent retracement has extended too long. But, the bullish trend confirmation is due to no bearish divergence in the rally so far. The retracement can be treated by AB=CD harmonics, at the Potential Reversal zone (D) we observed a bullish divergence. This bullish divergence in retracement...
Hello traders, and welcome to our "Trade Chart Patterns Like the Pros" analysis. Today, we're focusing on AUDUSD, which offers an exciting trading opportunity. The AUDUSD has developed an advanced harmonic pattern, the AB=CD bearish pattern, on its hourly chart. The AB=CD pattern is one of the classic chart patterns which is repeated over and over again. The...
📊 Weekly Chart: Overall bullish, but watch current candle. 📈 Daily Chart: Bearish movement, key level 1.0766. 🕓 Four Hour Chart: Sensitive period, focus on 1.0766. ⏳ One Hour Chart: Multi-timeframe analysis. 🔍 Higher Timeframes: Confirm breaks below key levels. 🚀 Aggressive Short Opportunity: Wait for trend line retest. Look for break below 1.0705 or 1.0651. 📉...
Hi Traders! There are potential warning signs that the outlook for the US dollar is not as strong as we hoped. Bad data has been coming out of the US this week, leading to traders being very nervous about tomorrow's NFP announcement. This technical analysis on the charts also supports this. The market is currently in an ABCD formation, and the demand zone at the...
A bearish flag can be seen that shows a continuation of the bearish trend again after this correction phase we can use the ABCD tool for projection.
ABCD Pattern on the 1.618 fibonnaci lvl can be a good short position. PS : Never risk more than 2% per trade
**Hallo traders!** 🌟 Today, we're diving deep into the EURJPY hourly chart, where an intriguing AB=CD bearish harmonic pattern has caught our attention. **Key Observations:** 1. The price is currently hovering below our short entry level (EL) at 158.378. 2. We've set a tight stop-loss (ST) at 158.577 to manage our risk. **Profit Targets:** - **Target 1:** The...
This has been a Years Long trade and Sugar is nearly there at the 88.6% target, but I do think since we spent some time testing the B point as support that it has potential for pushing all the way to the 1.13 Extension to complete a Full ABCD, so I will be opening up another bullish position on the CANE ETF from here and targeting higher levels.
Are you the kind of trader who savors holding on for massive profits or one who dives into every market movement? 🚀 Let's explore this week's expert-level market analysis, where we have both these trading setups on display. Today, let's delve into the low-risk, high-return approach. Turning our focus to the Australia-Canada pair, the weekly chart presents a...
Hey traders! 🌟 Despite the ongoing bullish trend in the pound-dollar realm, I'm sensing a change in the wind, and here's why I'm turning my attention towards a bearish shorting opportunity. Let's break it down. On the weekly chart, the bullish vibes are strong within our buy zone. But wait, when we shift to the daily chart, we spot a sneaky closing below that...
EURUSD has formed an advance harmonics pattern AB=CD Bullish Pattern on its hourly chart. The price is trading the long entry-level EL: 1.62088. ST: 1.61326 Wall: 38% AD: 1.63821 Target1: 62% AD: 1.65408 79% AD: 1.66495 Target2: 127% AD:1.69630 162% AD: 1.71900
EURCHF is printing Bearish AB=CD Pattern on 1HR chart. Entry Point along with Stop Loss are marked on the chart.
AUDCHF is printing Bearish AB=CD Pattern on 1HR chart. Entry Point along with Stop Loss are marked on the chart.