BTCUSD AB=CD ?
good day everyone,
first this is not a financial advice but i am posting what i see now in the market ...
here we have the harmonic AB=CD bearish pattern
if you want to play it make sure to stop above point D
targets shown on chart
please do not use high leverage to avoid liquidations
good luck
Description :
The initial price swing moves upward from point A, a swing low, to a high intraday price marked as point B.
The second leg of the pattern represents a downside price correction in the existing uptrend that takes the price from point B down to point C, a swing low that is higher than point A.
The final price move in the pattern is a move upward from point C to Point D – a new, higher swing or intraday high above point B.
The existing uptrend terminates at point D, the point from which a downtrend begins. The initial price swing moves upward from point A, a swing low, to a high intraday price marked as point B.
The second leg of the pattern represents a downside price correction in the existing uptrend that takes the price from point B down to point C, a swing low that is higher than point A.
The final price move in the pattern is a move upward from point C to Point D – a new, higher swing or intraday high above point B.
The existing uptrend terminates at point D, the point from which a downtrend begins.
first this is not a financial advice but i am posting what i see now in the market ...
here we have the harmonic AB=CD bearish pattern
if you want to play it make sure to stop above point D
targets shown on chart
please do not use high leverage to avoid liquidations
good luck
Description :
The initial price swing moves upward from point A, a swing low, to a high intraday price marked as point B.
The second leg of the pattern represents a downside price correction in the existing uptrend that takes the price from point B down to point C, a swing low that is higher than point A.
The final price move in the pattern is a move upward from point C to Point D – a new, higher swing or intraday high above point B.
The existing uptrend terminates at point D, the point from which a downtrend begins. The initial price swing moves upward from point A, a swing low, to a high intraday price marked as point B.
The second leg of the pattern represents a downside price correction in the existing uptrend that takes the price from point B down to point C, a swing low that is higher than point A.
The final price move in the pattern is a move upward from point C to Point D – a new, higher swing or intraday high above point B.
The existing uptrend terminates at point D, the point from which a downtrend begins.
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