🎢**What are Harmonic Patterns?** Harmonic patterns are a type of technical analysis that uses Fibonacci ratios to identify potential turning points in the market. They are based on the idea that the market tends to move in geometric proportions. 📐Fibonacci ratios are a set of numbers that are derived from a mathematical sequence. They are often used in financial...
Hello traders. I see 5-0 pattern and BAT pattern on USDCAD H1 chart. TARGET 1.34113 STOP 1.35652 Good luck everybody.
NAS100 is at very critical level. After the recent massive sell off the buyers are being reluctant to buy. But the price is also reached at inclining trendline, which is also the BC length of harmonics. It seems like harmonic may attempt to complete its final length CD. If CD length completes the realistic target for bulls could be 15600. What you guys think of...
Hi dear friends , hope you are well and welcome to the new update on Ethereum Classic (ETC) with US Dollar pair. Previously we caught a nice trade of ETC as below: Now on a 4-hr time frame, ETC is about to complete the final leg of a bullish BAT move. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop...
Soooooo, you know when there's one person in the room that says something crazy.....well I'm possibly about to become that person. My previous post about the long short on the USD/JPY still shows that there is still a little bit of way for the USD to climb before the drop. So, this took me to the gold chart, and here's where we are at present. I have had this bat...
A triple bottom has formed along the green horizontal line. This is within a down channel so I expect once a small bounce happens upwards, continuation downwards will occur. If this downwards continuation does not occur, assume full bullish.
GOOG's situation looks very precarious. May go down to 100. Huge bearish bat pattern on GOOG. Rising Wedge too narrow at the top. Two gaps below waiting to be filled.
The Dollar Canada pair offers a chance to capitalize on a bit of consolidation after an uptrend movement. Upon examining the daily chart, there appears to be a retest of the previous resistance, indicating a favorable buying opportunity for counter-trend traders. The 4-hour chart shows a retest of the support area, which could potentially lead to a harmonic...
We have officially gotten PPO Confirmation at the Bearish Bat PCZ, as a result, I am now convicted to this trade and am even willing to lower my target back down to $42.99. We have broken trend on the PPO and Confirmed an Arrow at the PCZ; a move down to $42.99 would be the completion of a Perfect AB=CD BAMM and the Bearish Bat here just may act as our Early C...
The VIX has formed a Bullish Bat and is currently trading at the HOP level with PPO Confirmation and MACD Bullish Divergence. If it plays out, I think the VIX could at least see $15 again.
Looking like a Bat and Shark setup to hit a trend line that has formed a bearish descending triangle. Larger Bat in play down to 20k. Thanks for viewing. Please see larger time frame in the comments
Here, the Ratios provide a hidden gem. The spx acceleration should become bullish.
Bearish Bat on CI You can ride the journey on CD as the final leg of the bearish bat pattern completes. TP1: 88.6 % of XA when the bearish bat pattern is complete. If trend turns bearish at that point, CI can be shorted all the way down to 38.2% of AD and then to 61.8% of AD. If the uptrend continues ie. beyond TP1, the pattern will then be a crab pattern....
We have confirmed the partial rise of the Ascending Broadening Wedge and have failed to break above the major support/resistance level. I now expect the price of LTC to go even lower than 40 and perhaps to around $25-$19 as that would be the HOP level of the Bullish Bat it is currently BAMMing from, but it is possible we get a reaction at around $35 as that would...
Monthly chart of FMX Bearish bat pattern is complete on FMX. Price may fall to .382 Fib level ie about 100. Thereafter, it may go to .618 Fib level ie. about 80.
The overall outlook for USDJPY leans towards a bullish trajectory. However, this week's strategies are tailored for counter-trend traders. For position traders, keep an eye out for a potential Bearish Bat Pattern forming at 149.28. Exercise patience and await confirmation before making a move. Zooming into the 4-hour chart, an ABCD Pattern coupled with an RSI...
in 4 hours time Close above the range of 0.002876, you can take long for higher targets Follow to be updated✅🤩✅
SPY Hourly Chart: I see a bearish bat pattern on SPY. SPY started an uptrend in the latter part of 6 September after a downtrend which started a week ago. This uptrend is likely to continue with a few minor downswings till third week of September when point D of the pattern is reached. SPY would then be in the range of 455-456. Thereafter, the scenario...