A retest of previous resistance on the daily chart combined with a strong bullish candle movement (an engulfing candle) is an intriguing setup. The observation of RSI Divergence at these levels serves as a significant indicator for a potential reversal. Regarding the recent deviation from the PRZ zone of the crab pattern on AUDUSD, it seems it hasn't reached the...
the detail is shown in the above chart. I made this Idea based on Candlestick Analysis and Fibonacci Tool . buyers are burned in rectangle (0.5- 0.618 golden level retracement) therefore ,we can expect that JP index decreases step by step to 1.27 and 1.618 . Yen Is ready for Take-Off based on this published Idea Bullish Crab Harmonic Pattern...
After the breakout pattern i published a couple weeks earlier was successful, GRT formed a great diamond pattern in the time span of 1 hour. A breakout towards the bullish direction would be a sign of great upwards movement.
This idea uses Supply and Demand with Harmonic Pattern (Crab) as confluence
Hello traders, I would like to do detailed technical analysis of GBP/USD currency pair and the potential presence of a bearish crab pattern. The bearish crab pattern is a harmonic chart pattern used by traders to identify potential reversal (correction) points in the market. Let's examine the key aspects of this pattern in GBP/USD, including the retracement levels...
Hello traders 🖐🏻 Gold is in a very important area. 💎⚠️Note that the support range of gold is $1970 to $1974, and if we lose this area, we can consider a deep crab pattern for gold, which becomes the daily support range of $1930 to $1910. 🚨So, note that the condition of this corrective move is that gold destroys the $1970 support . (Destroy 😂) 2018 to 2022...
the detail is shown in the above Chart. I made this Idea based on Harmonic pattern using Fibonacci tools. The Crab pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D. Key elements of the Crab pattern: B point that is a 0.618 retracement of XA or less extreme BC projection that is typically a 2.618, 3.14, or 3.618 alternate 1.27...
In weekly time frame, Crab pattern forms with price reversal zone at 1.618 fib levels.
As anticipated, the Bullish Shark Pattern has initiated its move on the Weekly Chart—a prediction I shared as early as October 8, 2023. For visual confirmation, refer to the chart within this Trading View post. Now, attention shifts towards the potential emergence of the bearish 5-0 pattern on the Weekly Chart. On the Daily Chart, there's a convergence of...
The GBPUSD is currently exhibiting a Weaker Bullish Trend on the Weekly Chart. Upon closer examination of the Daily Chart, it appears that the completion of the Bullish Shark setup may have eluded us. The current resistance level holds pivotal importance. A close above it would prompt traders to await a buying opportunity. Conversely, if the market respects this...
Upon careful examination of the chart, it's apparent that the majority of retail traders are poised for a buying opportunity, making any talk of shorting seem unconventional. Yet, a different perspective emerges upon closer inspection. Observations: I've discerned indications that suggest a contrary approach may be prudent. Trading Strategy: I'm...
According to the Butterfly pattern, the decline at the target of $ 22 perfectly converges. This should happen within a year, there will be a great point for going to long.
If you caught my last week's analysis, along with the accompanying article on Trading View, you can dive deeper into the details by clicking the link. In my previous analysis, I emphasized the significance of waiting for the Bearish Crab Pattern confirmation on the Daily Chart before considering a shorting opportunity. Now, let's delve into why this is...
Netflix recently traded just above the HOP level of a Bearish crab and has since gapped down below the 1.618 PCZ and given us a Bearish Divergence on all Oscillators as well as PPO Circle Confirmation. We could see Netflix begin a full retrace of the Harmonic range from here.
The RSI is peaking above the oversold zone after confirming a Bullish engulfing and very nearly confirming a 3 Line Strike at the PCZ of a Bullish Deep Crab. I do not normally enter stocks like this, but seeing how cheap this stock is and how the market cap is only $5 Million, yet the annual revenue is more than half of that, along with the fact that there is a...
The USDJPY pair continues its strong bullish movement, even on the Weekly Chart, reaffirming the prevailing uptrend. Counter-Trend Strategy: As a counter-trend trader by nature, I'm on the lookout for shorting opportunities. Trade Possibilities: Weekly Chart: A potential Bearish Fib-3 Bat pattern could offer an entry point for a pullback...
On the H1 price is currently consolidating, building liquidity before shifting to the next move. With the struggle of price breaking down, to continue further going low, I'm keeping an eye around 1.22500 as the area price may return before attempting to go short again.
LMT, after Double Topping at the PCZ of a Bearish Deep Crab, has decided to attempt to finish off this bearish range with a Bearish 5-0, if successful, we could see LMT push significantly below $400.