A harmonic pattern of Shark is feasible in this chart, where point CD goes to a S&D zone. Our first Take profit is depicted by the Fib Retracement of 0.618, since other S&D zones aren't properly defined as yet. Second Take profit is depicted based on the S&D zone on the Swing Low of the recent uptrend, which is a candlestick formation of a tweezer bottom.
A defined Supply Zone is visible at set entry price, while a demand zone is also visible at the take profit price. Although I'm new to XABCD pattern, my usage of it points near the entry price that I have set, which sets confidence that this is a valid entry. The pattern being a Bat. Using Heikin Ashi, at the time of sharing this Idea, it showed that the chart has...
Although a confusing chart, a lot is going on. The yellow highlighted leg is in a current uptrend. It is approaching a Supply Zone formed by a Pin Bar. That same Supply Zone is on the 0.618 retracement of the red leg.
Within the uptrend, coming close to current market a Bullish Penant is formed. So we can expect some more price shooting up a bit before hitting...
This trade has already completed its course. This trade was achieved by using Supply and Demand in conjunction with market formations. The formation that's being formed resembles a Bullish Flag. Using the Supply and Demand strategy, I identified the 3rd wave in this pattern. The 2nd Entry was caught using Supply and demand once again. The market tried retesting...
Market forms somewhat of a bearish flag. Market is heading near a supply zone. XABCD pattern forms a bearish bat, which pinpoints the entry at a rounded figure. A known area where banks trade.
Current market has reversed off of a previous Demand Zone and it is now moving strongly to the nearest Supply Zone. A harmonic pattern was placed to know for sure it will reverse at the Supply Zone. Fortunately the Harmonics Bat Pattern falls close to a rounded figure. An area that banks may be interested in trading. Looking for slowing of momentum near Entry Price.
Following pattern formation from 1D to 15Min, it indicates the market has formed a falling wedge. On its way up to touch the top trend line, a supply zone is present, and not too far a resistance zone. Following the XABCD pattern, it pinpointed the possible entry within the supply zone and not too far from the resistance zone. Not too certain as to how far down it...
