Risks continue to shift in favour of an overdue correction lower on this pair as the need to take a very critical approach to find accurate trading opportunity in the following week(s) becomes very necessary. The appearance of a harmonic pattern at this juncture suggest that we might be experiencing a Bullish run to test 1.19000 with my sincere intention of...
With 30pips against our direction since my last publication (see link below for reference purposes) on this pair, the price has found its way to complete a 127.2 extension to incite a reversal structure. It is worthy to note that the Japanese and US statistics headed in opposite directions this week to make the USD/JPY the only major pair to witness the Greenback...
After waiting all week, the US payrolls delivered numbers good enough to rally the Greenback back to its recent high but not strong enough to cushion the negative COVID inspired dent on the US economy. After moving over 200pips in our direction since my last publication on this pair (see link below for reference purposes), price did a correction to form what looks...
The Pound to Swiss Franc (GBP/CHF) exchange rate rose by 0.02% in the wake of Friday to drop in value in the latter part of the day; with the pairing currently fluctuating around 1.195. I am expecting a temporary downtrend in the form of correction at this juncture in the following week(s). Tendency : Downtrend ( Bearish ) Structure : Harmonic (3...
Here on the Euro we have a 222 pattern that fits due to the 3% tolerance outlined in the Harmonic Trading Volume 3 book Scott Carney published in 2016 (I THINK). The white line is the HOP Level for the Pattern! We have a classic Bullish Flag Pattern that has formed on the Daily chart and there is about 300 pips from PA now to the HOP Level. If PA closes above the...
Sell!! - Alternate AB = CD formula confirms D (PRZ) - Bullish inverted hammer ofter appears before a reversal ( also found on PRZ) Want more facts about Harmonic patterns? Just follow me it's free!
With over 800pips in our direction since my last publication (see link below for reference purposes), it appears that the Chinese Yuan is not reversing any time soon as USD/CNH risks a potential decline to the 6.9500/6.9300 area in the coming week(s). Tendency: Downtrend ( Bearish ) Structure: Harmonic (AB = CD) Observation: i. The fall...
GBP/USD is currently forming a bullish bat pattern on the 1h chart wich offers a good buying opportunity. All details on the chart. Good Luck.!!
It was all Bears for the US Dollar especially during the latter part of last week as it continues to lose value against multiple currencies and the Yen was not left out in the gains! Breakdown of my Key level @ 107.300 last week evolved into a structure similar to AB = CD pattern with an expectation of correcting into 107.300 in anticipation of a down rally in the...
Since a while i like to use sine waves to figure out repetitions on cycles. Specially for pivot points. Specially Bitcoin is walking very harmonic (if you are familiar with Harmonic trading). But the market is the last arbiter of the price... But my analysis, that we will see the 6400ish prices again and make there a H&S what would be the right shoulder of the...
NIFTY - GARTLEY Nifty Hourly chart has bearish gartley formation with a prz zone @ 10130-10160 Now a decisive break above these levels, and open new levels on the upside . i.e 10300 and 10530. However 10000 - 9970 can act as good support , if we see any correction from gartley prz. Swing trade above 10180 Swing trade below 9950 New Range : 10160- 9970
HARMONIC FOUND ON XAUUSD not at entry yet will see this play out by the end of the day.
This is an analysis of BTCUSD using harmonic patterns. Firstly I would expect finishing a bullish crab pattern and also targets for bearish crab pattern around 9300USD then bounce back to 9500 region (target for bullish crab pattern). On 1H chart we can see a bearish gartley with potencial target of 8500USD and actual leg shoudnt exceed 0,886 otherwise the...
SELL AROUND : 69.490 AREA SL@ 63.314 TP1@ 65.012 TP2@ 64.410 TP3@ 63.445
Hi guys, by my previous charts First Gartley: Completed right now the Shark pattern: It followed and completed my predictions, right now it should correct 50% up and than go down to complete this larger gartley. Please like and comment.
Just an Idea, wait for price action in the zones
SUNPHARMA - DEEP CRAB pattern formation on the intraday chart confirming the resistance found on the weekly chart.