As per my analysis if this H*S plays out. the target would be 27.500. Not a financial advise
EURUSD has formed an advance harmonics pattern on its hourly chart. The price is trading above the EL: 1.09585 ST: 1.09469 Targets: 62% AD: 1.10023 79% AD: 1.10169 127% AD: 1.10596 162% AD: 1.10899
as we can see that everything is in favor of Bears, so the price action can possibly go further downwards.
The chart was running in an ascending manner, then on the 26th of April, it showed a reversal toward a bearish trend, however, according to my assessment it was making a bullish flag, AB=CD bullish harmonic pattern is also confluence to back up my assumptions. Please do not enter this trade until it breaks the previous peak of HL. One thing should also be kept in...
A bearish Harmonic pattren has been initiated on AUDCHF after liquidating the double tops highlighted on the left of the chart. targeting the prices on the right of the chart.
EURGBP has formed an AB=Cd bullish pattern on its hourly chart. The price is trading near the EL: 0.88210. ST: 0.88027 Target1: 62% AD: 0.88478 79% AD: 0.88599 Target2: 127% AD: 0.88944 162% AD: 0.89183
NASDAQ:MSFT is up 19% over the last month and is now coming to some major resistance. We have the Double 1.618% levels from the previous 2 highs plus the 61.8% level from the ATH. The measured ABCD is up just above 300 which is also a major FIB number 3. We have just gone past equal tops in time. If its similar to the last retracement then we should be looking...
Upon analysis, there are multiple factors that indicate a potential buying opportunity for AUDCAD. Firstly, the bullish 5-0 pattern on the Weekly chart was identified and discussed in my previous report. Secondly, various trading strategies have also pointed towards a buying opportunity. For example, the 4-hourly chart shows a tested support level at 0.8954,...
Looking ahead, the EURJPY is poised to be the most trending pair in the coming week, with a bullish Euro and bearish Yen driving the market. This presents a great opportunity for trend traders, as the pair is expected to rise steadily. Personally, I will be watching for a retest of 149.53 on the 1-hourly chart as an entry point for a trend-continuation trade....
Possible reversal zones(PRZ) - notes on chart. Break of lower immediate support would see the likelihood of these levels being visited. Entries identified on the 1hr chart.
EURJPY has formed an advance harmonics pattern AB=Cd on its hourly chart. The price is trading below the EL: 144.407. targets1: 38% AD: 143.276 50% AD: 142.563 target2: 61.8% AD: 141.862 78.6% AD: 140.845
EURAUD has formed an advance harmonics pattern on its hourly chart. The Price is trading above the EL:1.58902. ST 1.58487 target1 62% AD: 1.60866 79% AD: 1.61383 target2: 127% AD: 1.62908 162% AD: 1.63960
NYSE:SONY on the Monthly Timeframe is breaking out of a Descending Channel while confirming Hidden Bullish Divergence and Bullishly Crossing over on the MACD and the RSI enters the Bullish Control Zone; the next obvious target would be between 150 and 177 Dollars as that would be the completion of an AB=CD Harmonic Pattern. One last thing to note on the side is...
It is expected that the gold will go bullish till PRZ then it will return. So my follower can purchase gold at 0.5% risk and then roll on your sleeves for short selling.
As pictured. This is also a possible double bottom.
This trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. WTI (CRUDE/ USOIL) is moving in a bearish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish AB= CD Harmonic Pattern is used to identify PRZ at point D. Long Trade Setup is presented in case of reversal of the trend from PRZ.
This trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. GOLD is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Long Trade Setup is given on the chart.