Consolidation is the best market condition for harmonic trading. In this 240 minutes chart of $EURJPY, the price is trading between 138.5 and 133.5 On October 9th, $EURJPY completed a bearish Bat pattern (blue) that sent this pair to re-test the 135 structure zone (now support). Despite the sharp decline, 135 managed to hold $EURJPY above it and it bounced...
Daily bearish harmonic pattern completed. 44$ initial target level
With a second consecutive bearish harmonic pattern in $TSLA as it approaches its earnings, how will you trade it? In the Weekly Markets Analysis I'm discussing about this setup, as well as a very similar setup in $QCOM. Read the Weekly Markets Analysis: marketzone.tumblr.com
If you read this week's Weekly Markets Analysis, you probably saw the harmonic pattern I mentioned in $GBPNZD. The setup is now up by more than 350 pips. marketzone.tumblr.com Fore more trading ideas, sign up for the Weekly Markets Analysis - For free..
WOOUSDT is formed perfect Harmonic Pattern and also touch the strong support area, with strong bullish divergence so that are perfect reversal points. So we will wait for the break of the previous LHs to confirm the bullish trend and take a long/buy trade. Note: Today is also news in New York session so wait for the news after the news take the long trade.
MOVRUSDT is formed perfect Harmonic Pattern and also touch the strong support area, with strong bullish divergence so that are perfect reversal points. So we will wait for the break of the previous LHs to confirm the bullish trend and take a long/buy trade. Note: Today is also news in New York session so wait for the news after the news take the long trade.
MOVRUSDT is moving in down trend and forming Harmonic Pattern on 1hr time frame. and also MOVR is break the previous LLs, so we can take a short trade on CMP.
ENSUSDT currently moving in down trend with strong Bearish Divergence, and in previous formed Bearish Harmonic Pattern, that is the confirmation of the bearish trend so we can take a short trade on mention price on the chart and wait for the TP strong support, and also reversal point.
EURCAD is making ABCD Harmonic pattern on 1h Timeframe. At point D there is a possible reversal one. Trade will be valid only if there is bearish divergence on RSI at point D. Wait for confirmation to enter in the trade.
XAUUSD is making ABCD Harmonic pattern on 4h Timeframe. At point D there is a possible reversal one. Trade will be valid only if there is bearish divergence on RSI at point D. Wait for confirmation to enter in the trade.
AUDUSD harmonic bullish reversal on 1H time frame making bullish
AUDUSD is now forming a bullish reversal harmonic pattern. firstly the chart is bullish made AB and then retraced 50% and this point is also conformed by RSI divergence. No it seems it will made a high leg of same length as of AB = CD and then at D point it might be reversed.
BTCUSDT currently moving in down trend, and in previous formed Bearish Harmonic Pattern and also break the previous LLs, that is the confirmation of the bearish trend so we can take a short trade on current market price and wait for the TP which is 51k, strong support, and also reversal point.
I discovered a bullish reversal harmonic, originially discovered by Scott Carney back in the 1980's, on the monthly timeframe for $BTG. You're going to want to see a momentum shift confluence followed by a price-action-reversal to the upside, going forward, in order to feel even more confident about the trade-setup.
Hi guys, Silver is heading back up to strong resistance where it faced selling pressure yesterday. A bearish bat harmonic is forming at the moment with excellent fib ratios. The red highlighted box has bat entry level of 0.886 and is in line with previous resistance. Safe trading all.
It seems, bitcoin price action is making a crab harmonic pattern. Of course, we should not talk about harmonc pattern, now. anyway, I expect downward trend for bitcoin price in daily time fram to 54000 (about).
ATR with pips at $3,887. Harmonic records up to $7,332 but percentage in price is at $3,887 for now. Taking this bullish up trend moments at a time. ATR is within its range within the pips. Breakout at $3,601