Hey traders, USDJPY is trading around a very peculiar zone: we see a perfect confluence between a horizontal structure resistance, a recently broke rising trend line and a completion point of a harmonic ABCD pattern. Moreover, analyzing 1H time frame, I spotted a double top formation with a confirmed neckline breakout. I expect a bearish move at least to...
Thing we are heading for a lower low in the dax-index. Kepp this in mind. Allot of people is jumping in withoutv a scurity at stand. Will bee a nice trigger for a downturn.
The Daily Chart's Bullish Bat Pattern coincide with the 4-hourly chart AB=CD pattern that completes at the HOP level at 1.1824. This is a counter-trend trading setup; a minimum of 3-bar reversal is required, especially in times like this.
Hello traders 🐺 . In the chart above we can see that BNB is trying to follow the ABC pattern , which in my opinion is very very probable for the BNB to reach a new all time high price and even very higher than that , not just because of the BNB/USDT chart also because of the blow chart which represent BNB/BTC chart : good luck my friends , have nice trads 😉🐺 .
I was hoping to see 4185 retested, to retest the X leg and see if it held as support. Currently the 18 ema is crossing up through this level. So I dont believe we'll get a 4185 retest . Disclosure: I bought puts against the bearish 3x financial etf $faz..
These are beautiful Harmonic Patterns, the Bullish Bat@0.886XA and the famous Extended ABCD(AB=CD) Pattern, there are both complete and the price it's now in the PRZ, ad that's the time I believe it will start the test of the PRZ and it will bounce just a little bit there, and sunday market open will show to us what really will happen with that. That being said...
GBPUSD is near fib level 0.618 and ABCD pattern is complete at this level. Trend will change and GBPUSD will be bullish around 1.195 - 1.197
Despite today's drop; 4H TF is still taking us to the $1,850.. "not a fin advisor"
Just a simple look at the market repeating. In the Photo I have the TVC:SPX from 2008. In that example we have the market retesting the 200MA before we saw the major selling. From the High in Oct 2007 until that retest was 221 Days and if we look at where we are today we are sitting at 224 Days and we have just hit the trendline from the top. Can we go...
BULLISH ABCD PATTERN 1. Strong up trend can be expected. 2. A rejection can be seen at point D. 3. Bullish Candles have started to appear after the conformation of the pattern. 4. A tight TP is set with a take profit level of 104.700. 5. A stop loss level of 103.521 is set. 6. RR ration of 1:3 is taken for this trade.
And her is another clear one.. all the way to $1,816.. "not a fin advisor"
COINBASE:ETHUSD seems to be in the final stages of this correction. It mightve already topped out if we look at the Monthly AI or there could be one more high up towards 2000 to complete multiple patterns and the 382 from the April 3 High. Weekly AI has a High/Low late on the 9th of August. Keep an eye out for this to play out. If we are at a high then we will...
EURJPY has a potential Bullish Shark Pattern that is completing at 136.48. This may allow traders that have missed the Bullish Bat that coincide with the AB=CD Pattern that complete on the daily chart and has its first target of 441pips attained.
BTCUSDT is on the way to complete ABCD pattern and bounced from 1.61 Fib level so good time to take a ride
Adding this instrument to the forecast List. This analysis is a bit aggressive since I am looking for Oil to keep shorting in the market during today's NY session or earlier next week. There is an area that I am highly interested in since it will meet a lot of technical setups, moreover for traders who trade based on support and resistance. Currently, we can see...
COINBASE:BTCUSD is still edging higher with now real confiction. Im thinking we are coming to the end of this rally. If we take a look at the AI for this week then we could see this have one more rally into Sat evening or has the high already been made just shy of 25k? There are a lot of unfinished patterns just above 26k with multiple ABCDs and the 61.8% level...
An ab=cd pattern was used to define this significant turning point, upon completion of the PRZ, price has consolidated and done 4 hits to the high, stabilising at the peak of the completion of the pattern. I use the take profit levels of the pattern and apply aggressive trade management. *NOTE* DO NOT MOVE STOP LOSS PREMATURELY, THIS CUTS POTENTIAL WINS.
From the failed Bullish Butterfly pattern, I've realised an undercover bullish ab = cd hiding within the pattern. Looking at the the higher time frame, I see the pair is sticking with the predominate uptrend with some minor corrections along the way. I've started to back test a new strategy that has taken the harmonic approach to a world of unprecedented accuracy...