This pattern is actually in high reliability as the price action shows a pivotal sign in confluence to a 88.6% Fibonacci Retracement. Hidden bearish divergence on Fisher Transform oscillator which crossing on H1 reinforces the idea of a peak for this cycle. A 2nd target to watch @ 14.6%.
A Bullish-type AB=CD pattern occurred within the support zone of 0.9170-0.9230.
(In this support zone , there was a rebound in May 2020, Feb 2020,...)
Also on the weekly chart, Bullish-type AB=CD pattern is occurring.
Long after seeing the rebound. At that time, be careful of re-inversion in the resistance zone of 0.9350-0.9470.
*Harmonic patterns and...
Price is at a critical level of supply, we noticed the confluence of many patterns but majorly a Fibonacci cluster of a bearish AB=CD pattern, a Bearish Harmonic Patron Bat pattern and a FIB Inversion setup. These give us a strong reason to short this pair. Trade wisely by managing your risk,.. Good Luck
Good Morning All ,
It has been a long while since I posted, but it has also been along time since I have been active in trading as well. i squared off my positions and just been speculating and watching the craziness that continues to unfold. For some of the OG Traders out there you might have come across my stuff in the past, but for some of the new guys new to...
Flag and Pole Breakout
AB = CD
Respecting 31EMA support historically (S&R)
Took Support from 31 EMA
Ready to take a Bullish Ride
Take your trades with your R:R, trailing stop loss
FOREXCOM:SPXUSD Has some nice symetry and patterns working in the longer TF.
We have the smaller cycle looking for a low around the end of October with the larger cycle taking us into Jan next year.
This could also be the start of a 2-3 year cycle taking us down to below the Covid low.
But one step at a time. Looking for a rally over the next few days to sell...
BTC is at the PCZ of an ABCD on the hourly and is currently trading at the 800 hour EMA with an RSI that's coming off the overbought zone. i think this could go either one of two ways. The first is it will break above 20.5k breifly then pullback or it will just break below the 800 hour EMA and go for a minimum target of 19.5k. Overall i remain bullish on the Daily...
Normally I won't be trading the abcd pattern on the 15-minute timeframe, but in this case, the candlestick completion zone is at 82.60, which is the previous structure resistance, see that?
That is when we need to be flexible in our analysis.
Since there are formation of compression of price with a bearish pole, it is high chance for price to drop until nearby resistance zone at 102.374. Use demand zone as a entry point and set stop loss (SL) beyond 106.384
Hey traders,
SPY reached a demand cluster based on the year's low.
Analyzing a price action, I spotted a harmonic ABCD pattern.
Its completion point matches perfectly with the underlined structure.
To buy with a confirmation, watch a parallel channel on 4H time frame.
Its bullish breakout will be a trigger to buy the index.
The goal for buyers will be 3750...
ABCD Reversal pattern has formed with bullish candles on Daily TF. We can see recovery in ETH on the upside from here if the market sentiments remain positive. Trade with SL is advised.
