If you had missed the counter-trend trade setup of a bearish shark pattern on the 4-hourly chart, now you might just have a second chance to engage the trade.
A bearish bat setup near the supply zone(red box) which happens to be the PRZ of the bearish shark pattern.
B-D a perfect Fibo 1.618 extension to 1.05 x X-A in double top. This is extremely Bearish. Megaphone pattern suggests continuation of correction to tar zone ~27600.
Might expect a last push to ATH in April after target zone achieved. We got divergence in Transports DJT and Russel 2k RUT, both lower with mixed markets- toppy!
This is not investing advice; post is...
A sideway bounce set up for a perfect shorting opportunity. This will not just be a trend trading trade for me but also a trend-following trade.
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A Bearish Crab pattern forms within the range of a bearish bat pattern. Looking for a check-back on the bearish crab/bat setup and engage for a shorting opportunity.
What're your thoughts on this?
Comment down below.
A bearish bat setup for a trading opportunity towards the downside is considered as a trend trading setup.
Having the PRZ to be within the emphasised sell zone is a bonus to the setup.
For this setup, I will be stretching my Target2 as a trend-following trade.
What's your trade plan? Comment down below.
GBPAUD has met my requirements for a BAT Harmonic Pattern.
-There is a chance of 100-300 PIPS that can be made with a 40 PIP Stop Loss.
-There is also divergence lining up on RSI.
-Target 3 is also lining up with the completion of another Harmonic Pattern so I am expecting this swing to turn out nice
As always if you found this idea helpful, please let me know...
This chart that I created 5 days ago that I was using to trade with was very accurate. It bounced off the 6 month resistance line at 179. We will not see any higher highs than 179. Going to retrace back down to 156 area. Major support leads there. The Chinese New Year is coming up in a week. Crypto has never been up in the Chinese new year before. Listen to the...