Finally, patience might just pay off. If the current candle closes as it is, there's a high chance for me to look for a shorting opportunity, once market open. What makes is better is a Bearish Crab Pattern materialised on the 1-hourly chart. Guess we can just wait and see.
This kind of trading setup often worries me. Consolidation before completion, could the shark pattern have missed it by a bit? Let's see!
A Bearish Bat Pattern setup could be an opportunity for counter-trend traders to latch on to the trade. The earliest I would consider engaging in this trade is 10 am (GMT +8) as I must wait for the candlestick pattern to close. For this setup, I wouldn't mind if i touches the arrow and reverse because that could bring in the AB=CD traders to join in the fun....
A Potential Head and Shoulders pattern could reverse and turn at 0.6364. I will be waiting for the confirmation signal before engaging in this trade.
A Bearish Bat Pattern gives the counter-trend traders a shorting opportunity at 0.5860. Not only is this a Bat Pattern, but the completion of the Harmonic Patterns lands within the resistance level on the 1-hourly chart.(you can check the link under "related-ideas" of the trading view)
A sideway bounce setup is on the 1-hourly chart. This is one of the best setup for counter-trend traders, for them can wait for shorting opportunity on the red zone and buying opportunity on the blue zone. With that said, trading confirmation is necessary.
Order BUY LULU NASDAQ.NMS Stop 300.60 LMT 300.60 will be automatically canceled at 20230401 01:00:00 EST LULU daily bullish hammer at long time support conservative stop, quick 1.2R countertrend
I've been nothing but patience for this setup. A Bearish Butterfly setup with RSI Divergence, probably the first trade I'm looking to get involved first thing in the morning tomorrow. Let's see how this goes.
Order BUY CSCO NASDAQ.NMS Stop 41.28 LMT 41.28 will be automatically canceled at 20230401 01:00:00 EST CSCO weekly bullish hammer at monthly support end of wave 5 downtrend expect ABC correction upward. Area of confluence. Quick 1.2R countertrend.
Order BUY WIX NASDAQ.NMS Stop 74.08 LMT 74.08 will be automatically canceled at 20230401 01:00:00 EST WIX daily bullish hammer quick countertrend 1.2R
I'm waiting for the Bearish Bat setup within the NZDJPY that enable me to engage a shorting opportunity at 86.25; however, if the market slide towards 84.30, it does offer a buying opportunity after the completion of the Bullish Gartley Pattern. Both Bat Pattern and Gartley Pattern are the usual Harmonic Patterns that I am comfortable engaging.
If you are in my community, you would know that I am still bullish on the US Dollar. However, I did say that I expected a sharp retracement in USD, and it seems like it has happened. However, I know some of you might be waiting for a Shorting opportunity well, a Bearish Bat Pattern that completes at 151.22 might allow you to go on a short-term shorting opportunity.
Order BUY NIO NYSE Stop 13.08 LMT 13.08 will be automatically canceled at 20230401 01:00:00 EST NIO daily bullish hammer in buying zone quick 1.2R countertrend
Long waited Crab Pattern has finally been completed. I'm waiting for the retest of the Bearish Crab Pattern to decide if I'm going to head in for the shorting opportnity.
On the 4-hourly chart, we have a retest at the resistance level with an RSI Divergence. The strategy that I plan to involve myself with in the trade is through the Bearish Shark Pattern setup that completes at 1.8065. I've taken this trade with an aggressive approach. Trade engaged at 1.8040.
AUDCAD has reach the other end of the Bearish Parallel Channel, it gives counter-trend traders an opportunity to engage the trade. On a more conservative approach, counter-trend traders could wait for a double bottom with RSI Divergence on the 1hourly chart. What is crucial in the setup is that the candlestick shouldn't break and close beyond the blue dotted line.
A Potential Bearish Shark Pattern may complete at 1.1436 and a Potential Bullish Bat Pattern may complete at 1.0634. Although I am not optimistic of the completion of the shark pattern but it is important for you to know there is such possibility. I would like to congratulate you if you manage the engage the Bearish Crab Pattern, make sure you have shift your...
Entry 145.8 SL 137.35 CRM daily bullish hammer super tight countertrend quick within pinnacle.