Sharda Corp best for short term swing trade gave BO with high volume and retest also done. Entry 520-530 SL 472 target 596 and 670 with in next 2-6 months.
GBPUSD has formed an inverted head and shoulders on the H1 timeframe and is heading towards last week Friday's peak. Within this formation, a bearish AB=CD pattern coincides with the hesitation zone. PRZ tips suggest that a convergence of Fibonacci numbers and specific price patterns provides a highly probable area for a reversal. The PRZ aligns with the...
SKILLING:NASDAQ is still down after Fridays high so now 15k becomes the key level to watch for this week. This is just a short example of how I look at things. I hope it helps. Enjoy the week.
In today's video we're looking at a structure-bases CTS trade. CTS stands for Combined Technical Score & it was a method taught to me by my trading mentors as a way to stay consistent with what we're looking at & with what we value in the market by creating a list of technical factors & assigning them a point score. I'll also show you how I go about identifying...
The last leg was preceded by an ABCD, which expanded to the 1.618 extension. I hope that the same thing happens now. There is a 1.618 ABCD expansion from the lows, in a 0.618 retracement from the last swing high. My stop is 50 pts higher. I am entering at the market now at 0.62282
harmonic pattern formed in Ashok leyland, target defined in the chart ABCD pattern also formed
Hi Traders, on above chart, I am looking for buy opportunity in first phase on breakout of B point and if D point trigger that would be a potential reversal zone, I would take 2nd trade of short sell on trend reversal. follow my idea as per my trade plan, if you agree with my idea.
ABCD measured move. It has paused into a Trading Range for a while. A reversal might be unfolding. Im buying at 1.5871 with the stop 50 pts lower
NZD/JPY is displaying a potential head and shoulders pattern, indicating a possible trend reversal. The left shoulder, head, and right shoulder form successive peaks, with the head being the highest. A neckline connects the lows between the shoulders. If the price breaks below the neckline, it could signal a bearish move. Additionally, RSI divergence suggests...
GBP/USD is showing a head and shoulders pattern, suggesting a potential trend reversal. The neckline break would confirm this bearish signal. Additionally, RSI divergence indicates weakening bullish momentum, while the AB=CD pattern suggests a potential target for the downward move.
Ive never used butterfly patterns but thought this looked close to one....Perhaps it's possible 🤔 If you could offer any insight I'd appreciate it, thanks
TVC:USOIL After the Gap up on Monday we got a nice retracement back to the 61.8% level yesterday followed by a 200 point rally. Now there is the same pattern on a smaller scale but the same set up. if it holds above 71 then the intra-day upside target is 73.00 but there is a chance that on the higher TF we could get to 78.00. See how this one plays out. I...
Here I can see an ABCD pattern unfolding into the previous Trading Range (TR). The completion area is in the resistance area of the previous TR. Therefore, I hoping for sellers to come in there. I am inputing an order at 1.69 with a 50 point stop.
The AB = BC harmonic pattern is a technical analysis pattern used in financial markets, particularly in the field of harmonic trading. It is based on the Fibonacci ratio and seeks to identify potential reversal or continuation points in price movements. In this pattern, the length of segment AB is considered equal to the length of segment BC. This equality...
JPN225 (Nikkei 225) is showing a bullish flag pattern, RSI divergence, and a double top reversal pattern. Traders are advised to wait for a breakout below the last printed lower low point to consider a short trade, indicating a potential trend reversal in the market. Risk management is essential.
GBPUSD is trending upwards, but an AB=CD pattern could mark the end of the uptrend. The PRZ coincides with the LQP 1.275 and could serve as a resistance level for the pair. Price could play around this zone and go through to 1.275, or the resistance may be too much and cause a price reversal. Look out for extension patterns as the trend reaches its end.
There are several converging factors to retest the 25K breakout. Two likely patterns are the bullish Gartley and/or inverted AB=CD, with a Potential reversal zone (PRZ) at $25.4K. I shorted since prices went back into the 29K/26.5K range. If price reaches $26650, I will try to play the BC and CD waves of the Gartley. Good luck with your trades.