I used to assume that everybody knew to sell if a pattern breaks down. But judging by the hate, I guess people keep holding even if price drops 95%. So every once in a while, I'll draw in a red line that means sell here because it aint hapnin. PS. When there's a harmonic that CAN happen while you're sitting on a strong support line, it tends TO happen.
A 2008 style VIX superspike is currently building into this market, It has not finished it's double top. This is the same VIX analysis except the spike to the left is described in it's normal Double-Top with a 1,2,3 decay harmonic. 50/80 Double top can be realistically expected shortly .. With it 1500 point drop in the DJIA could easily be expected.. And...
USDJPY has been bearish as projected in my last post. We are looking to see UJ reach the D point where it meets a confluence of a D1 trend line as well as an H4 bullish harmonic. Rally of price is expected strongly at this D point. I expect level 3 behavior at that point culminating in a strong buy.
Our support in green is looking set to break down, at the time I am publishing this it is above so this chart is the next harmonic just in case it happens. Since market is filled with several harmonics is very hard to get the main and mighty one. For those following me for a long time, you already know, the support is always the 1.618 circle fib, the blue big one...
Price is currently printing out a bullish crab leg. Im expecting for price to make a short pullback to a desired zone then buy. If price doesnt respect these parameters then ill be looking for another suport on the Higher timeframes price is the harmonic. For now bias is LONGS.
HArmonics nothing much to say best risk/reward/
Here's my BTCUSD fib time projection of possible next structured low with harmonic patterns. 100% fibs of last two structure highs and last three structure lows have confluence on Oct. 15th 2018. Harmonic patterns also indicate possible support between 6184 and 6285 range.
From a technical point of view, our tactics remain the one previously published (see chart below), and if the harmonic structure will works correctly, the pair should trigger a technical rebound (wave A), let's see ... Technically speaking, this support area is very important for eurusd. STRATEGY: (Click and Play) If you think this analysis can be useful...
Oil Short Trade Once Harmonic PRZ is Retested at Red Rectangle, Targets in Green www.tradingview.com
EURAUD is at a critical level. Currently sitting at resistance we need to watch to see what price will do. We have two possible harmonic patterns that could play out, both resulting in major pips. We have already completed the 5th level of the Elliot wave and now price is in the corrective mode. This is what leads me to think that the bullish deep crab could be...
The orange harmonic is a "Deep Crab" and the aqua harmonic is a "Shark" - One of these patterns will invalidate the other Price action must not close below (if advancing to the Deep Crabs ratios) below the PRZ or there is a high probability it will continue to the next, the same applies vice versa if it is advancing to the aqua Sharks ratios, price action must...
Absolutely amazed by bitcoin right now. Been emotionally playing with everyone' s hearts who have decided to stay with her after our recent high. We're forming fractals of bullish harmonics. At the end of a bullish butterfly at a strong demand zone, we are forming a bear flag. ALSO, Uranus is making its way into Taurus today (tropical astrology not...
GBPAUD Harmonic Bat Pattern Idea!
NEOUSD Harmonic - SL 91.00 - Thank you for your likes and comments. You can also follow my other social media accounts :)
Harmonics+Crypto=$ The 8k Target I posted about 16 days ago is now within reach. What to do? 8k is the target with slightly higher objectives (8300-9k) - unload at or just above here. If you are a trader, you know it's time to take profits. If you are a hoper/holder, prepare for a 30-50% haircut before going higher. This is how EXPONENTIAL MOVES correct. I'm...
Looking at CHFJPY. I see 3 touches to a strong Daily support and now making HL's. Also spotted a possible Bat harmonic. So price may hit the 88.6 area and then come down, still making a LH. I will watch how this plays out.