A great shorting opportunity for me. I love to engage the crab pattern although to most traders they shy away from it. There's a retest on this and is great to see a RSI Divergence on this bearish crab. One of the combo I love to see is a completion of harmonic patterns within supply zone or demand zone or simply a consolidation zone. Candlestick pattern...
A structure-based trade could create an opening for Bat Patterns' die-hard fans. I will watch closely on the candlestick pattern formation to engage on this trade. p/s: never follow blindly, always do your own analysis
A bullish shark setup on the 1hourly chart gives me an opportunity to head on this counter-trend move. Being a season counter-trend trader I know the next level of resistance is as equally important. I will pause and see how the candlestick pattern reacts at 81.26. What I wish to see is a break and close beyond(above) 81.26. Let's roll p/s: do your own analysis...
Order BUY F NYSE Stop 12.58 LMT 12.58 will be automatically canceled at 20230401 01:00:00 EST F daily bullish hammer into wave C of wave 4 downtrend. Countertrend quickie.
AUDCAD also has a Bullish Butterfly. Some traders may choose 1 trading setup over the other, especially they they see some similarity among their portfolio. Trading for 17years, I do not do that. I've witness that 1 trading setup might profit while the other might fail; or 1 ran into profit so much in advance of another. You can check out AUDUSD under the...
A potential Bullish Butterfly may form up at 0.6340, NO. By looking at the current candlestick pattern formation, it is more likely for the market to react from the current price of 0.6368. To most Harmonic Patterns traders is a big No-No for them, but sometimes we have to execute flexibility. With that said, I will look closely at the market movement from...
My money is in the Bearish 5-0 Pattern within the NZDUSD chart. That's an important trend trading setup and gives me the opportunity to ride onto the wave. But in order for the 5-0 Pattern to be valid, the Bullish Shark has to happen. Let's wait and see how the market responds from here. Question: Would you engage the Bullish Shark Pattern when it forms...
If you had read my overall analysis(check out the Related Ideas within TradingView) on EURUSD, you might get a bit confused with this analysis. How could we look for a buying opportunity where the overall trend is bearish? In fact, we can, there are ebbs and flows of the market, so within the bearish trend, there are bullish movements within; what is important is...
Order BUY XLU ARCA Stop 68.04 LMT 68.04 will be automatically canceled at 20230401 01:00:00 EST XLU daily bullish hammer stop loss below, take profit at 50% Fibonacci retracement ow wave 3 downtrend. Countertrend quickie.
Order BUY VZ NYSE Stop 39.72 LMT 39.72 will be automatically canceled at 20230401 01:00:00 EST VZ daily bullish hammer wave 4 of downtrend closing above local trendline. Expect push into 50% Fibopnacci retracement. Countertrend and earnings are close. Super quick.
The market is on a down trend because of the lower high and the lower low then price make a higher high And a same low confirm that price want to go up. If u like this idea like and comment for more ideas like this.
KO daily bullish hammer wave 4 of downtrend gotta be quick Buy Stop 57.32 LMT 57.32 GTC Sell Limit 59.39 GTC Sell Stop 55.70 GTC
Order BUY AMZN NASDAQ.NMS Stop 116.44 LMT 116.44 will be automatically canceled at 20230101 00:00:00 EST AMZN daily bullish hammer wave 4 of downtrend into 50% Fibonacci retracement gotta be quick countertrend.
Order BUY XLF ARCA Stop 30.88 LMT 30.88 will be automatically canceled at 20230101 00:00:00 EST XLF daily bullish hammer wave 4 of downtrend into 50% fibonacci retracement gotta be quick countertrend.
JPM daily RSI divergence with bullish hammer wave 4 of downtrend. Gotta be quick countertrend.
NVDA daily RSI divergence at the end of wave 5 downtrend. Expect ABC correction or change of trend )))
To those who trade based on currency correlation, this is one setup you have to look at. On the surface, the NZDJPY and NZDUSD both have a Bullish Shark Pattern on the 1-hourly chart, but if you look closely at the 4-hourly chart, you will be able to see the future of these two pairs differs from one another. On the NZDJPY, the Shark Pattern is more direct, in...
My analysis of this Bearish Crab Pattern still stands, but generally, I'm not optimistic when I see a series of consolidations happen before the completion of the Crab Pattern. Patience is Virtue. Let's see how this trading idea pans out.