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AB=CD

GOLD ✪ POSSIBLE REVERSAL ✪ DOUBLE BOTTOM ✪ HARMONIC ✪ ONE HOURGOLD-USD is moving in BEARISH direction for a long time. However, in this technical analysis, several indications are presented which suggests the possible reversal of this precious metal instrument. Firstly, there is a presence of BULLISH divergence, instead the price is steadily DECREASING, the Relative Strength Index (RSI) has been showing a UPWARD movement which indicates that the BEARISH momentum of GOLD-USD may be losing its pace. Thus, this divergence between the price and the RSI suggests that the price may be over sold and due for a correction. Secondly, there is a presence of DOUBLE BOTTOM reversal pattern which also supports the idea of the reversal for GOLD-USD. This DOUBLE BOTTOM Pattern was observed at one hour time frame analysis. Based on above, it appears that the GOLD-USD pair may take the BULLISH movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a LONG TRADE if it breaks the ENTRY PRICE level. The Risk to Reward Ratio is suggested 2% of the total portfolio. Best of Luck..
TVC:GOLDLong
by haroonsiddiki
GBPJPY Bullish outlook for D1Hi traders, We noticed a few key points we want to share with you today on the GBPJPY. We have an incomplete bearish ABCD harmonic trend hike. Once completed, we will expect to see another bearish wave. We have a bearish trend line that has been respected that is yet to be tested again this coming week. Should we break through, we will have our final confirmation for a bullish reversal on the daily timeframe. For scalpers, we recommend place a stoploss in your profits and wait to see if it breaks out. If it does, you can hold the term. For swing traders, we recommend waiting for for the breakout, followed by a restest and then enter for the term. Do you agree? Please share your thoughts Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Long
by Mezzoforte_Privilege
1
🥇Gold🥇will fall with Bearish AB=CD Harmonic Pattern⚠️Gold is moving near the 🔴 resistance zone($1922.6-$1919.8) 🔴. The cluster of Fibonacci levels is well visible in the resistance zone. Also, the Bearish AB=CD Harmonic Pattern can be seen. I expect gold to decline again to a 🟢 heavy support zone($1904-$1886.40) 🟢. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
29
TSLA Bearish Gartley with entry on intradayI want to be a seller of TSLA at 274$ because: - D point of ABCD pattern completion in the Daily is at 266$ - D point of ABCD pattern completion in the 10-min from previous day's low shows a sell signal if the stock trades at 271$. However, I acknowledge the steep bull trend the stock is at, therefore I am going to put the entry at the 1.27 extension of this ABCD pattern which is 274$. - That area is at the 0.78 retracement from the previous high of the big ABCD pattern in the big picture which has to be taken into account considering that this ABCD might become a bearish Gartley pattern in the bigger picture. - I am going to use a 6$ stop placed at 280$. WHY 280? Because I consider that if we trade beyond that level, the patter is no longer valid.
NASDAQ:TSLAShort
by Sergio_196
22
Wolfe Pattern + AB=CD Reversal ZoneTaking note of a few items on the ETH/BTC chart. After the SEC Binance and Coinbase legal complaint there has been a noticeable drop of in ETH/BTC's performance. This deviation from the trendline might mark a shift in the trajectory for eth for a while. OR, it was a fake-out, and can be seen as such. On a higher timeframe the chart has been correcting. If elliott waves can be counted, perhaps this is near the end of a corrective wave 2. There are noticeable pivots to identify a rather clean 0.618 AB = CD. I've also indicated the path/plan for a wolfe pattern trade setup. Worst case scenario might result in eth revisiting lows near 0.04 BTC, to complete a higher time frame Gartley pattern.
Long
by wildhood
BTC Bearish ABCD Setting up to Drop Down Towards $16,741Recently, BTC has been showing promise to begin a macro breakout and run up to over $100,000, but even more recently on the lower timeframes, it's been giving off some bearish signs at a Bearish ABCD PCZ that we could actually go back down to around $16.75k from here before actually beginning the true run up towards the 6 digits. We have made three Consecutive Lower Highs on the RSI and are likely setting up for a Double Bearish Divergence on the MACD; if we come back down to test the levels of 16.7k, that would be the secondary test of the 1.618 Butterfly PCZ to which we could then more confidentially rise from.
INDEX:BTCUSDShort
by RizeSenpai
EUR-CAD|POSSIBLE REVERSAL|LONG SETUP|HARMONIC TRADINGThe current technical analysis of the EUR-CAD currency trading pair reveals an DECREASING trend that has been shaping from last few hours. However, there is also an indication of BULLISH divergence and presence of Bullish AB=CD HARMONIC pattern suggesting that the bearish momentum of EUR-CAD may be losing its momentum. Looking at the charts, we can see that the price of EUR-CAD has been steadily FALLING forming Lower Highs and Lower Lows, indicating a clear down trend. However, there is a notable bullish divergence pattern emerging, indicating that the bearish momentum may be losing steam. While the price of EUR-CAD has been decreasing, the Relative Strength Index (RSI) has been showing a upward. This divergence between the price and the RSI suggests that the price may be oversold and due for a correction. Considering all the technical indicators, it appears that the EUR-CAD currency trading pair may take the bullish movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a LONG TRADE if it breaks the ENTRY PRICE. Risk to Reward Ratio is suggested to 2% of the total portfolio.
Long
by haroonsiddiki