Amazon has gapped up to complete an 88.6% retrace thus completing the BAMM. Now we can see that the PPO is trading outside the upper bounds, and once the PPO comes back down below the upper bounds, it will confirm a Bearish PPO signal at the PCZ of this Bearish Bat, therefore confirming the Bearish Entry. I think it will target $81 from there on, but it could go...
📊 On the weekly chart, a strong W formation with a long tail signals potential upward movement. Daily chart shows another bullish W formation, indicating a powerful uptrend. Four-hour chart proves the market's strength after breaking support. Trend traders wait for confirmation above 141.96. 🎯 Weekly Bearish Bat Pattern at 149.45 presents a trading opportunity....
Even after its earning call Alphabet seems to be having a hard time it pumping. I expect it might have one more push above todays price then it might correct and will be a buying opportunity once it reaches the red box.
🚨 Attention traders! We have an exciting bearish setup on AUDUSD that you don't want to miss. Our previous bullish setup on AUDUSD was a resounding success, allowing us to secure profitable gains. Now, it's time to switch gears and capitalize on a new opportunity as the tide turns bearish. 📉🦅 The formation of a bearish bat pattern, coupled with two strong...
After successfully bagging over +1000 points on a recent Nasdaq buy, it's time to switch gears and follow the bearish trend on Dow Jones. The bearish setup is crystal clear in the 1-hour timeframe, as price has formed a bearish bat pattern - a proven and reliable harmonic pattern with a high winning rate. The trend reversal has been confirmed by a bearish...
INJUSDT is playing in harmonics and has completed the bearish bat. Will the bearish bat play its role and make price to downward direction?
📉 The analysis on USDJPY remains bullish, but for now, we're on the lookout for counter-trend trading opportunities. 🔄 📉 The Bearish Fib-3 Bat Pattern at 149.15 offers a potential shorting opportunity, although it may take some time to validate. 📉 Alternatively, a break of the trendline on the 1-hourly chart could provide a more immediate shorting opportunity....
I don't see how the USDJPY movement will turn bearish this week. I will focus on the buying opportunity at the support at 143.20 or a trendline retest. Both would require a Magic Candle Confirmation before engaging in the trade. If you are waiting for a counter-trend trade, the Bearish Bat Pattern on the daily chart(right) 149.12 seems like a better trading setup...
As the WTI or US Oil is on a sideway movement, it creates fantastic trading opportunities for counter-trend traders like myself. There are 2 approaches I'm looking at in the following week. A Bearish Gartley Pattern at X, a shorting opportunity on the 8-range bar chart, or a Bearish Bat Pattern on the 4-hourly chart. The important candlesticks confirmation on...
SMGR on the way forming the bearish BAT pattern, happens to be inline with completing ABC wave posted earlier. (see earlier post) Not harmonic or wave expert. Just sharing my personal ideas. Hope it works out well.
BTC is forming a bearish bat in 4h Tf tps and sl is mentioned enjoy your trade
USDJPY is trading at the PCZ of a Bigger Daily Bearish Bat and a Small 15 minute Bearish Bat and it is trading near the supply line of a Daily Rising Wedge; If the patterns hold out we will see USDJPY drop below the Bearish Dragon Trendline and begin a significant move down from here.
Sideway patterns, often labeled as losers or deemed non-tradable periods by some, invite differing opinions and perceptions. It ultimately rests upon the individual trader to discern their potential. As for me, I perceive them as a treasure trove of trading opportunities waiting to be explored. Why, you may ask? It's quite simple - all I need to do is sell at the...
Missed the Mark: Netflix's Late Entry Foils My Shorting Plan, and Now It's Breaking Bullish Boundaries! Oh, the frustrations of timing! Just two days too late, Netflix seems to be defying my expectations. It's now poised for a structural breakout, potentially closing above the X point of my carefully identified Bearish Bat Pattern. While this turn of events may...
Will the harmonics play its role in CHFJPY ? CHFJPY has completed the XABCD harmonic pattern and now its projection is due.
It's no secret that I've been looking to short Adidas for weeks before the Bearish Bat Pattern show up. As a trader, I love to wait for the precise price with candlesticks confirmation before engaging my trade; hence I miss the first opportunity. And that's ok! In trading, I have this philosophy that is better to miss a trade than to engage in a trade at a...
USDJPY Shorting Opportunity Looming, But My Bullish Bias Remains Strong In the midst of a Type 2 Bearish Bat Pattern on the daily chart and a Bearish Shark Pattern on the 1-hourly chart, traders may be eyeing a shorting opportunity for the USDJPY. However, my bullish bias on this currency pair remains steadfast. Rather than jumping on the bearish bandwagon, I...
FUNDAMENTAL ANALYSIS Current liabilities increased 47% up to €3.4bn in 2022 from €2.3bn in 2021. Non-current liabilities decreased 37%. Debt to Equity ratio (2022) = 4.42x Debt to Equity ratio (2021) = 2.87x Losses YoY increased 133% to €522 million. EBITDA turned negative in 2022 to -€244 million from €52,672 million in 2021. Almost all Guidance provided in...