👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it. 🏃♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of...
XABCD Pattern on BICOUSDT on 15MIN. Likely to go up.
The SPX is trading within a Broadening Top near the Demand Line of the pattern, aligning with the 0.618 Retrace after developing a Bullish 5-0 Harmonic Wave Structure. If it plays out we should get a Higher High within the range, which could take us to the Fibonacci Extensions above the current highs.
This week, I'm eyeing a potential buying opportunity on NZDUSD, and here's my trade plan: 1. Bullish 5-0 Pattern on Weekly Chart: The NZDUSD is currently in the zone of the Bullish 5-0 Pattern on the Weekly Chart, signaling a potential buying opportunity. 2. 4-hourly Chart Setup: The 4-hourly chart presents a candlestick confirmation at the Potential...
I'm closely monitoring AUDCAD, and here's why: 1. Bullish Flag Channel Breakout on 4-hourly chart: - AUDCAD has recently broken out of a Bullish Flag Channel on the 4-hourly chart. - This breakout suggests a potential bullish move in the market. 2. 5-0 Pattern on 1-hourly chart at 0.8829: - Waiting for a retracement, I'm eyeing the completion of a 5-0 Pattern...
If you're navigating conflicting biases, here are two potential setups: 1. Bullish 5-0 Pattern at 149.96: Long Opportunity - Engage in a long position based on the completion of the Bullish 5-0 pattern at 149.96. - This pattern signals a bullish bias, providing an opportunity for traders expecting an upward move. 2. Type2 Bearish Shark Pattern at 150.67:...
the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern. Bullish 5-0 pattern should be formed, not necessarily mandatory, in the downtrend so it can have a much higher success rate. Bullish 5-0 is drawn as Shark pattern, but with additional C-D leg. That means you can first have the Shark pattern on the chart...
ATOMUSD has Double Bottomed on the weekly timeframe at the PCZ of a Bullish Shark and is now holding above the 21-week SMA. If it holds, we could see ATOM breakout of the range and rise all the way up to a 61.8% retrace. From there it may then turn into a Bearish 5-0 but for now I'm just focused on the potential Bullish move upwards. The Shark pattern here is...
Starting wave correction for 5 impulse pervuce Down momentum buyer 1 .618 time cycle reversal HD _ between 3 & 5 impulse wave
I'm keeping a keen eye on what I consider a golden trading opportunity - the retest of a Bearish Shark Pattern coinciding with a higher timeframe Type2 Bearish 5-0 Pattern on the Daily Chart. My plan is to wait for a retest around 184.15, aiming for a shorting opportunity. What's your take on GBPJPY? Any strategies or thoughts you'd like to share?
Harmonic Bat Pattern Harmonic ButterFly Pattern Harmonic Crab Pattern Shark & 5-0 Pattern www.geocities.ws
Coinbase near the range lows has formed a Bullish 5-0 and has also back tested a Golden Cross as support; as a result, Coinbase should soon be targeting a range breakout that takes it to the 0.382
GBPUSD exhibits a stronger bullish trend compared to EURUSD, despite a Weaker Bull Trading setup. I'm eyeing a buying opportunity for a longer-term trade strategy. However, this doesn't deter me from considering a Bearish Shark Trading setup on the 1-hourly chart as a potential shorter-term play. Simultaneously, I'm patiently awaiting the formation of a Bullish...
My overall sentiment for Oil remains Bearish, though my midterm sentiment has been Bullish, as I think WTICOUSD needs to come back up to revisit some of the highs above 100 and face one last rejection from those levels before I will be fully convinced of oil making significantly lower lows. For the time being, Oil has dumped below last week's range but is now...
The 4-hourly chart showcases a compelling Bullish 5-0 Pattern retest accompanied by an RSI Divergence. While direct engagement in the trade is an option, I'm personally inclined towards waiting for a Bullish Gartley Pattern retest around 186.39. This approach significantly mitigates risk while still allowing for favorable profit potential—a strategy centered on...
[ ] The "Potential Reversal Zone", or PRZ -is between the 50% fibonacci retracement level at $32.66K and the 66% retracement level at $41.51K. -----THE WHY--------- [ ] ((the primary tool in all of my technical anaylsis is the use of the "golden ratio" in forecasting 'pivots" as the 61.8% retracement level is the primary guide. The 50% and 66% fibonnaci...
↪️ARB is engaged in Elliott wave surge following the formation of a twin base pattern on a daily timeframe. Analyzing from a 4H TF I spotted a bearish flag which suggest further downward move to the daily horizontal support. Following a prolonged 5-wave surge, the ABC adjustment has commenced. Currently, the motion is in wave 3, and I anticipate its conclusion in...
NZDJPY presents an intriguing trading setup despite being a counter-trend trade. The observation of a Bearish Shark Pattern checkback on the Weekly Chart , along with RSI Divergence , adds weight to this potential trade opportunity. I'm waiting for a shorting opportunity on lower timeframes and, specifically, looking for a 1-1 trading setup , intending...