PHBISDT shows a price reversal pattern at 1H TF with divergence and harmonic AB=CD with 50% fib level shows a price target up to TP5. All TP's are taken at 1:1.
Trade Plan
Entry @ Buy Stop
Stop Loss @ LL
TP1 to TP5 @ 1:1 to 1:5
What do you think, will it hit TP5?
The big drop yesterday in Doge might have been a bearish impulse leg. Impulse legs start trends.
When we have a possible impulse leg we want to look for corrective patterns inside of the leg for ideal spots for high RR continuation.
Here we have a confluence of a harmonic and 76 retracement. Which could produce a strong sell signal.
Failure of these signals...
Local Low, and what appears to be: A Confirmation-Low on the Hourly Chart for Filecoin. FILUSDT has a Bullish Harmonic Reversal Pattern, with a 1.618 Golden Ratio Extension expected, Between point A and point C, of the XABCD Pattern, using them as the top and bottom of the fib extension tool, with its Target being clearly identified in the live chart diagram....
If this harmonic pattern is confirmed, a corrective reversal is conceivable to complete a bullish S pattern, the likely time for a resumption of the bullish movement is indicated if this analysis is valid.
Costco Completed a Harmonic Pattern
It is one of those stocks that since COVID-19 the price increased by nearly +130% and it keeps rising.
So far the price stopped at the pattern completion zone and probably it can wait in this zone for the Earnings report which will be released on 07-March-2024
I am not expecting the price to move down like a rocket
but from...
Following last week’s week-ahead post on the price of ripple versus the US dollar, the H4 harmonic ‘alternate’ AB=CD bearish formation at $0.53316, depicted through a 1.272% Fibonacci projection ratio (plus the moderate Fibonacci cluster, backed by 38.2% and 61.8% Fibonacci retracement ratios), served well as resistance and sent price to a fresh YTD trough of...
Bearish Divergences on the MACD and RSI, Shark Harmonic complete, Tweezer top, correction?
My bet is yes.
The zone you could expect it to go to is the highlighted box. anything there is fair game. my guess would be at least to the .618 fib.
Will keep watching, tomorrow is a big day I think.
here we had an ABC correction waves and then a rising A then we had a diagonal triangle so it went well and inside this diagonal we have an M harmonic pattern which market is reacting to its levels !
@ 15m TF, GBPCAD is printing AB = CD harmonic reversal
EP as sell stop
SL = above C point
D = TP
Beyond this , at Potential Reversal Zone it will be evaluated whether the pattern shall reverse and the trade should be long or pattern shall go sideways
This is the same pattern from before but updated. Shows it’s going in the same direction from the Harmonic pattern. We have to also take into consideration a dip once it reaches the top white trend line.
This is an update connected with other previous chart.
FYI: I’m not guessing or making up ideas by adding or subtracting trend movements.
IF THE BEARISH 5-0 HARMONIC PATTERN IS NOT VALID:
BULLISH SCENARIO:
THEN
Price may reach $58.19K -or HIGHER.
**follow up to previous idea.
This fits the chart extremely well.
With the rumors of a BTC spot ETF getting louder by the day, returning to the idea of Mr. Livermore's "Speculative Funnel" pattern seems appropriate.
**ALL SCRIPTS ARE MY OWN...
