HALT! Don't follow this trading idea blindly.
You should know that I've a strong bias to long the GBPUSD on the higher timeframe, the daily and weekly chart.
I'd engaged in a strategy that I've personally tested for the past 12 years.
The ABCD pattern showing up on the 8 range bar provide such an opportunity for me to engage the trade.
What is really needed...
An Upsize Trade is the name of 1 of my trade management.
On the 4-hourly chart(left) is a complete ABCD pattern. I'm waiting for a retest at 158.98 for a buying opportunity.
When the retest happens, I'll be stretching my final target to the Bearish Bat and Bearish ABCD Pattern which completes at 168.11.
This is a high-risk approach and it could harm your...
If you are in trading for a good 10 years, you would understand the effect of the Safe Haven Currency. I'm waiting for the market to retest at 130.05 for the RSI Divergence on this counter-trend trading setup.
Many traders would see the USDJPY as going on a Bearish movement, but it is merely a retracement.
Furthermore, the Bull run on the USDJPY has not ended,...
EURUSD is on a Bullish Trend in the higher timeframe, so this week, I'm waiting for a Buying Opportunity within the pair.
The AB=CD harmonic patterns also align with the 4-hourly chart's support level.
With that confidence in place, trading confirmation like the 3-bar reversal is necessary.
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In the monthly time frame it formed a Bearish Harmonic ABCD in JAN 2022 near 590 and since then has retraced 62% of its last leg.
In the weekly time frame it has formed a Bullish Harmonic Gartley around 315 suggesting the correction is most likely over.
It can be a good stock to accumulate between 330-370 for upside levels of...
NATGAS has Bullish Divergence at the PCZ of a Bullish ABCD on the 2 Day and it also has a smaller intraweek Bullish Shark Setup on the Hourly with a Bullish Divergence.
I will target $4.50 on the Hourly and $8.00 on the Daily.
The TOTAL Market Cap looks to be ready to target back up to $2.16 Trillion Dollars from here in the coming Weeks-Months based off the presence of a Bullish Cypher and Bullish ABCD Confluence Zone Visible on the Weekly Timeframe.
The ideas in the Related Ideas Tab below are also relevant to this analysis of TOTAL.
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Upon completing a Bearish 5-0 Harmonic pattern it has formed a Bullish Harmonic AB=CD (62/162) at 225 and at the same time activated another Bullish Harmonic AB=CD (38/224) 225-215 PRZ.
Bullish reversal is being seen today. As long as its above 215 it can do 250/275. Accumulate in the zone of 225-235
Good risk reward set up at...
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Microsoft like TESLA (link below) is also a breakdown stock in the monthly time frame. However, in the short term its better placed.
In the weekly time frame its activated a bullish harmonic abcd that is suggesting a bounce back to $ 260-270 from there the next round of selling would like resume for $ 200-$175.
This one too is...
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Nifty on hourly time frame has activated a Bullish Harmonic ABCD
As long as its above 17025 it can retest 17400-500 this week
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.
Being conservative in approach means there is a chance for you to miss your trade. The Bullish Bat and AB=CD Pattern retest price could go as early as 135.02 a much more conservative trader might wait as far as 134.06 before engaging the trade.
This is a perfect example for you to decide on your trade plan. Engaging early could be that you have a higher chance of...
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Glenmark after consolidating near its monthly support attempted a fresh upmove from 350 to 400, Post that it has made a sideways corrective forming a Bullish Harmonic ABCD.
The current reversal from 375 could be a higher low of the new uptrend in it and it could rally till 410-425-450 as long as it does not breach 374....
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After a v sharp decline in MAY-JUNE the stock has now formed and reversed from the PRZ of a Bullish Harmonic ABCD
As long as it sustains above 840 it can do a pullback to 925 and 1000
Risk Reward good for longs
