The price action has created a harmonic reversal pattern, and it is expected that the price will retrace from the potential reversal zone (PRZ). Sellers will remain in control below the PRZ. Before forming the harmonic pattern, a bullish divergence was observed at the RSI indicator. SL & TP Levels are defined.
Potential Bearish Entry Dow Theory In Place - Lower High and Lower Low Expected in Place Formation of DOUBLE Top coupled with bearish divergence (Bearish reversal pattern) SL & TP Levels are defined.
Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR) Entry at the new HH SL & TP Levels are defined.
Posting because at the moment, being South African, one of my favourites technically. Given the sad current bad state of affairs with corruption within South Africa, being recently Grey listed, the current almost collapse of Energy (Electricity) with Eskom in almost collapse whereby the country is facing daily energy cuts of up to 6-8 hours a day. How will this...
A bearish-type Butterfly pattern occurred. If the price rises to 22.862, a bearish-type DeepCrab pattern could occur. Also on the daily chart, bearish-type BlackSwan pattern is occurring. Short after seeing the rebound. *Harmonic patterns are automatically detected using the indicators below. - Harmonic auto-detect PRO
The pair shows a beautiful Butterfly pattern forming. Its end point is the beginning of a historic weekly order block. This level hasn't been testes since August of 2020 and it is very likely that there's historically trapped volume at this level and institutional orders are likely to be sitting at this level. The last harmonic projection on this pair from my...
Finally the pair has mitigated a previous unmitigated zone. The larger trend is bearish, on the 4HR we have a CHOCH and BOS. For confirmation we have a CHOCH on the Daily timeframe. We are anticipating a bullish correction where we will place our sell orders. Our target is the 19-20 region sitting at the bottom.
The XA leg of the Harmonic is a Double top in itself. The huge wicks on that leg suggests large institutional volumes trapped in that region. The CD leg just broke through the last order block and we see a confluence on the 1.272 Fib and 2.000 Fib where the CD leg completes. The H1 also gives a beautiful crab pattern competing around the same region. I would say...
A bearish-type big BlackSwan pattern occurred. If the price rises to 22.300, a bearish-type Butterfly pattern could occur. Short after seeing the rebound. *Harmonic patterns are automatically detected using the indicators below. - Harmonic auto-detect PRO
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
Its a beautiful thing. Need to draw fibs on a month time frame or a week at least. Most beautiful Gartley Harmonic ever. <3 It is what it is. Materialism means nothing. It's just a simple game of snakes and ladders. :) Mum :D
A bullish trend (rand weakness) seems applicable. Ideal long entry around 20.70 Increase exposure for a break above 21.90 Target is set at 23.75, which is just above the upper range of the wedge pattern. Stop-loss at 20.05. It is a long-term play, which might unfold over the next 6-12 months.
The lower trend linerejected the downside break of the the britain bears and supportedthe South Sfrican Bulls to rally up 0.04934 is a run worth taking
How are those for fibs? Amazing. Is it so that the pennant is an either or (up or downside)? Fibs say so no? I'm pro upside as I've posted before Gartley Harmonic. The top 0.616 as confluence a matter of fact.
A bullish-type Butterfly pattern occurred. If the price drops to 20.226, a bullish-type DeepCrab pattern could occur. Also on the daily chart, bullish-type BlackSwan pattern is occurring. Long after seeing the rebound. *Harmonic patterns are automatically detected using the indicators below. - Harmonic auto-detect PRO
Fibs gartley dailies monthlies.. At the end of the day - have you seen South Africa? Beautiful Country!
Frozen in time for the weekend of suspense :) Love it <3 I'd take profit and play it wisely especially after hitting resistance.. so much fun!
Lookit forward to take a buy position once price breaks the trendline.