Range Bar chart is what I've been looking for some time, you have to know how to filter which setup could be traded. Let's see how this trade setup is going.
this Idea is in Continuation of my Confirmed Previous Idea.
PRZ in blue.. AMZN sold off at end as completion of 2.0 ABA second PRZ calc.. with no higher high AMZN is in take profits mode to first target 38 fib in green..
A counter-trend trading opportunity on GBPJPY for a buying opportunity. I'd engage this trade. The first target fall withing the sell zone of this timeframe. Let's see how this trade rolls out.
Analyzing Elliot waves, trends, confluences of harmonic patterns, areas of strong fibonacci retracements, in addition to the zones of strong resistance, pivot zones, as a bonus, the fibonacci fan indicates that retreat at that point. SUPER ENTRY POINT! DO NOT LET IT LOSE!
Bearish Deep Crab(red) with Potential Reversal Zone(PRZ).. long-term 2.618 fib extension(3077) from 666 low should act as support.. so staying long here and looking to cover and go short within Blue range.
Eurusd looking pretty much read for a drop, price approaching D legs of the bearish shark and deep crab which alighs perfectly with a supply base from history and as well liquidity pool being taken out. Here's my point of view, let me know what you think in the comment session.
I see a deep crab and crab formation on EURUSD. This suggest that EURUSD could go higher this week after hitting target 1 on last week's bat pattern. This move can bring EURUSD to 1.1160-1.1170. We can be patient and wait to short or go long on this C-D move. According to crab pattern rules, SL has to go above XA 2.0 Targets will be AD 382 and 618.
Price currently in a downtrend on the lower tf and approaching an OB, alongside a shark pattern was spotted which perfectly congruent with the institutional candle just right below liquidity pool created. going to the 30 mins tf, a deep crab was also stotted which also aligns perfectly with the PRZ. check comment below for the lower tf analysis.
Gold looks poised to rise further to complete a deep crab pattern around 1800. When the pattern completes, we need to wait for reversal candlestick patterns or a break of support trend lines before getting on board. For deep crab patterns, SL has to go above XA 2.0. Profit targets will be 382 and 618 retracement of AD leg. Good luck and good trading everyone!
The bullish crab pattern has gone past the PRZ level. Right now there is an up arrow all that is needed is a bullish candle confirmation for a buying opportunity. Personally, since it has past the PRZ area, I would rather to wait for candle confirmation at the HOP level.
In this sharp drop in UK Pound, you can either wait for a retest back into the red box to short or consolidation at the HOP level for a buying opportunity on this deep crab setup. I will need the pink arrow pointing up to appear in order to do that, in addition, a bullish reversal at the HOP level.
GBP/CHF COMPLTED A BULLISH DEEP CRAB PATTERN.
In the Covid-19 fell March/April selloff this index fell approx 32%. It has regained just about 88% of this range and created a Bearish Bat Pattern. One can overlay this with a Deep Crab Pattern which started on March 10th and signalled today. The Deep Crab Pattern typically can have an extention which exceeds 1.618 and can reach as far as 1.94x so this would...
POSSIBLE BULLISH DEEP CRAB PATTERN FORMING. IF THIS HAPPENS IT WILL BE AMAZING FOR PEOPLE THAT ARE PATIENT AND WAIT FOR COMPLETION OF THE PATTERN
Possibility of short term corrective swing from possible PRZ at the completion of Deep Crab on 15 minute chart. PRZ = 10584.7 - 10600.7 1.618XA = 10596.2 2.618BC = 10584.7 1.272ABC = 10600.7
Potential emerging deep crab pattern setting up on the chart. Hidden bullish divergence can be spotted with the RSI. On the shorter timeframes, the RSI is showing regular bullish divergences. We have some demand coming in around 1670, which is a 88.6% ret. of last week candle, and 127.2% ext. of yesterdays candle. Support is located at 1660. Below this level the...