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A bullish harmonic bat has been activated in daily time frame suggesting a bounce/reversal till 1075/1100 as long as it does not break below 990.
Accumulation zone 1010-1040 for a good risk reward set up
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On daily time frame it has activated a Bearish Harmonic Deep Crab indicating a retracement till 850-825 as long as it does not break above 895.
Good risk reward set up here.
A word of caution, results are due tomorrow. So manage your risk accordingly.
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Nifty today activated not one but two bearish reversal signals.
First it activated a Bearish Harmonic Alt Shark (double confirmation if price sustains below 18350) for suggested downside levels of 17750/17250. This pattern would be considered negated above 18575.
Second it coincided with an Ichimoku Price and Time axis...
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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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On daily time frame it has activated a Bearish Harmonic Deep Crab
The stock could see a pullback till 1025-975 as long as it is below 1080
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Bank Nifty has activated a Bearish Harmonic Bat in daily time frame.
The anticipated retracement levels are 38-50-62% of the upmove. The view would be negated if it sustains above 41530.
As per Ichimoku Time and Wave Theory also we have a turn date activated. Until it sustains below 41530 it would remain weak. In case it...
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TATA MOTORS gave a sharp dip from its slanting trendline and now at 390 has formed a Bullish Harmonic Reciprocal AB=CD
It could do pullbacks till 430-440 as long as it does not break below 390
Good Risk Reward set up at this level.
Happy Investing
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VEDL has given a Bullish Harmonic Sea Horse breakout indicating a target near 415-425 with a stop loss at 255. It could be accumulated between 325-285 with a stop loss at 255.
Medium term bullish structure with a good risk reward set up
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I'm seeing a lot of 0.5 / 0.886 symmetry in this market currently. I will be buying 20.1k with a target of the 0.886 retracement 21.5k and then opening a short to TP around the 20.1k level again.
From there, we will see. But essentially, price is VERY likely to hold 20k for a while, with probably only a quick break below for liquidity until the mid 22's.
Of...
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ACC in weekly time frame has activated a Bullish Harmonic Seahorse.
It can rally till 2800 in the medium term with a stop loss at 2150.
Not for short term derivatives.
Hello my dear friends
According to the formed pattern and positive divergence of RSA, it seems that the white range ($0.7307) is valid and the main upward movement will start from this range.
Keep in mind that if the corrective trend is below the price range of $0.6265, we will no longer have the mindset to form an upward trend.
We would be happy to hear your comments
GBPUSD is in a massive downtrend.
It is oversold on H4 and Daily so we need to wait for clear reversal signs.
The pair is now approaching the H4 MA and the August Low at 1.1593.
Waiting for clear divergence to take this trade. Until then, be very patient.
BTC has many fibs lining up in the same place - at 20,850. That is the 1.414 of AC, the 1.272 of OC, the Elliot Wave impulse of 2.14, and also this same level 20,850 is the 0.236 fib from 25,188 to current support (19.5k).
It would be a good idea to short this level if it hits. I expect a bounce (or drop) from 20,550 which is the 1.618 impulse from the...
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Bank Nifty after a stupendous run has reversed from a Bearish Harmonic Alt Shark suggesting a probable 38-50 Fibonacci retracement of the entire run since mid June.
Harmonic patterns are formed when structures synergize with Fibonacci ratios thereby giving higher probabilities of reversal confirmations.
This view will be valid...
Possible Double Bottom with good Buying.
Double Bottom pattern target is 1x above the neckline - this would be around 21,950-22k. The 0.886 fib X-D also meets here, which would create a potential bearish harmonic .
If this does happen, my profit target will be the 1.618 and 3.14 fibs - around 20k and 18.3k.
There is a descending triangle , but I won't be...
FUBO with a weekly crab harmonic PRZ around 3$ level
first trade at $3.80 C leg a smidge higher than ideal but fits the bill of a Harmonic Crab barring that,
Long @$3.80
T1 @ $15.03
T2 @ $22.74
SL (moved to entry following move up) @$3.80
Hello my dear friends
I'm not very familiar with harmonic patterns, but according to price action, the price should enter a very quick correction.
It must be released from this state of compression.
If we want to look at the chart from a different point of view, it seems that if the price range of $1,655.52 is completely consumed and the first target of the...
