From the failed Bullish Butterfly pattern, I've realised an undercover bullish ab = cd hiding within the pattern. Looking at the the higher time frame, I see the pair is sticking with the predominate uptrend with some minor corrections along the way. I've started to back test a new strategy that has taken the harmonic approach to a world of unprecedented accuracy...
4 weeks ago, we sold EURCAD and make some really good money. Prediction - this will happen again at the same time due to a similar pattern. Daily is DOWN. H4 is DOWN. M30 and M15 are showing weakness. Waiting for further confirmation before we sell.
BTC has done really well to climb to 24,000. We see massive resistance here. The H4, H1, M30 and M15 are all overbought. All timeframes are showing bearish divergence. The only thing missing is a harmonic pattern but we are good to go. Stop loss around 25,000 which is a nice round number. What this means is that later tonight we will see USD strengthen,...
GBPCAD sell trade in progress. Reversal trade identified. Trade details can be found on the chart in red label. Trade box is tracking the trade. Let's see where this trade finishes up. Thanks for looking Darren🙌
Hi everyone this is my first ldea here and to be clear I have 0 knowledge in crypto analysis but I'm developing some indicator any use it in trading like " Ultimate RSI With Some Spices " indicator -- I thinks that we have to break up the golden line here if we want to see BTC UP , but if we don't like the red line we'll back down another time this is simple I...
Following RSI Overbought indicator, ETH will likely go down 10-13% in the next 2-12 hours. If you can, short ETH USD for a quick profit. Not financial advice ;]
The D1 and H4 MA are flat so this is considered to be a ranging trade. There is a harmonic pattern in M15. Massive divergence in M30, M15 which should help this pair fall.
🔸 In our opinion, the price of gold could end at any level between 1728.20 or 1713 Or between 1799 and 1775 of the second phase or the last zone (technique), the price will start to slow down and at some point this fall will end. 📌 From one of these two zones, prices will start to rise again until around 1805. 📍 Analysis Structure : Elliott Wave + Fibonacci +...
This pair is on a downtrend. The EURCAD has hit OB on M15. There is divergence on the charts. Looking to protect at 1.3455 or hold until it falls further.
This is a counter trend. However I see this as being overbought on every timeframe. Looking for a quick counter trend for about 50 pips and then go long again.
The pair is in a Downtrend. M15 and M30 is overbought with divergence. The only danger is the H4 double bottom which is also at the week low However the trend is so bearish that we will take this with a tight stop loss of 30 pips.
The trend for AUDUSD is down on H4 and D1. The price inside the moving average of H4. M15, M30 and H1 is all overbought. Waiting for a double top to sell. There are also two harmonic patterns happening at this zone.
The price has been rising, however the RSI is above the 70 threshold, so this indicates that it is overbought. Price is at the top of the Bollinger band and this also indicates upcoming bearish momentum. we are looking for 50% Fibonacci retracement. Target: 0.979 Entry: 1.00 S&L: 1.012
Li-ion battery manufacturer and developer NASDAQ:ENVX looks poised to continue pressing higher in the months ahead after pushing back above the 55-day EMA and the $10 handle RSI pressing to its highest levels this year suggest that a rather bullish move higher could be at hand. The last time RSI soared like this was during the stock's rise to record highs...
The price is approaching the resistance level. RSI shows that AUDJPY is overbought, so this could indicate upcoming bearish momentum. Bollinger band: The price is touching the top of the Bollinger band, so this could also indicate upcoming bearish momentum. We are looking for a 50% Fibonacci retracement. Target: 90.63 Entry: 93.76 S&L: 94.95
The price shows double top, which would indicate bearish momentum. The RSI shows that CADJPY is being overbought, which also indicates upcoming bearish momentum. Bollinger band: bounced of the top of the Bollinger band, which also indicates upcoming bearish momentum. Target:99.74 Entry: 102.55 S&L: 103.48
The price has been rising, however the RSI is showing that CHFJPY is being overbought which would be an indicator for a bearish momentum. The price is also touching the upper level of the Bollinger band, which would also indicates bearish momentum. We are looking for a 50% Fibonacci retracement. Target: 131.780 Entry: 135.235 S&L: 136.720
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 27, 2022 with a closing price of...