IEX Trend cycle theory EIX can possible 81.50
as its base on trend cycle theory as mentioned in above chart
as per own parameter with cycle theory 81.50 highly chances to come fare value 45 60.
5-0 Pattern
Unique Combo Trade!Probably a trade that has a 20:1 Reward: Risk trading setup.
On the 1-hourly chart, we have a Bullish Gartley Pattern that comes inline with our 4-hourly chart, the Bullish Shark Pattern retest and on the Weekly Chart, the Bullish 5-0 Patterns.
If I stretch the final target to the Weekly Chart completion, the returns would be stunning, but this trade could take up to 2 months or a month.
Furthermore, we might have more stop-out then hitting the target in 1 U-Turn, so it is NOT a trade for traders who won't afford to have their trade stop out multiple times and still looking for buying opportunities.
If you are thinking of risking more than you usually do; or you plan to follow the trade blindly; or even worst, not putting your stop-loss, this is not the trade for you.
As a full-time trader, I've been very patient to look for the trade that suits my profile and the trade I'm planning.
I couldn't stress any more by saying trading is more like a business than a job. It is not the number of deals you do, but the 1 you chose to take and the 1 you chose not to participate.
BTCUSD: Local Bullish 5-0 at the 200 SMAOn the hourly we are at the 200 SMA and near the local 61.8% retracement, if we can catch a bounce from here i do think that will be the moment BTC truly goes for the breakout of this range and make a run towards $31,800
It's NOT Perfect, but would you say NO to 309pips of Profits? It's NOT Perfect, but would you say NO to 309pips of Profit Potential?
The Bearish 5-0 Patterns has completed on the Daily Chart(right), the doji candle looks great for aggressive trader for a shorting opportunity, the RSI didn't went overbought, and that cause this setup to be not as perfect as we want it to be.
Alternative ways to engage the trade, is to wait for the market to retest at 83.60 on the 4-hourly chart or the 1-hourly chart. When the retest happens, it will produce an RSI Divergence that allow us to engage the trade, that produce a Lower Risk with a Higher Returns.
If you are looking for a buying opportunity, 82.60 is the level you can wait for a retest of support or a double bottom with RSi Divergence.
Which side of the trade would you choose?
Shorting opportunity or Longing opportunity?
368pips x2 profit potentialIt depends if you are looking for a buying or selling opportunity on the EURJPY. Traders who are looking for shorting opportunities could wait for a Bearish Shark Pattern retest at 145.31.
If you are looking for a buying opportunity, the Bullish Gartley Pattern on the Trendline that completes at around 141.63for a buying.
If you have no issues trading both ends, you wait for the confirmation to happen before engaging the trade that will bring 368pips of potential profits trading on both sides.
NZDUSD 121 BEARISH PATTERN NZDUSD has formed an advance harmonics patterns 121 bearish.
The price is trading near the EL: 0.62468.
ST: 0.62666
Target1:
62% XA: 0.59710
79% XA: 0.59283
TARGET2:
127% XA: 0.58026
162% XA: 0.57128
AUDCAD 121 BEARISH AUDCAD has formed an advance harmonics pattern 121 bearish on on its hourly chart.
The price is trading below the EL: 0.91759.
ST: 0.91961
Target1:
62% XA: 0.89729
79% XA: 0.89377
TARGET2:
127% XA:0.88360
162% XA: 0.87638
WKHS: Bullish 5-0 on the Monthly with MACD Bullish CrossoverWKHS is at the PCZ of a Bullish Gartley on the Daily timeframe.
It's also at the PCZ of a much greater Potential Bullish 5-0 and Reciprocal AB=CD all while Bullishly Crossing Over on the MACD.
If things go as one would expect a 5-0 to go we will see WKHS try to target the $42 Area in an effort to atleast make a 100% Retrace.
RBOB Gasoline Future Macro Bearish 5-0Gasoline Futures is very near the PCZ of a Bearish 5-0 but is actually showing a very notable amount of weakness at the 0.382 and is Bearishly Diverging if this keeps up we will see Gasoline Breakdown out of the Bearish Consolidation and probably go back to pre-2020 Levels.
USDCHFUSDCHF is Creating a long opportunity by developing the 5-0 harmonic pattern which is a continuation of shark harmonic pattern
Therefore, entering a long position on 0.922000 with take profit levels at 0.93230 & 0.93800 could be a high potential long setup to consider
Enter: 0.92200
TP1: 0.93230
TP2: 0.93800
SL: With your own risk management
FX:USDCHF
USDCHFUSDCHF is Creating a long opportunity by developing the 5-0 harmonic pattern which is a continuation of shark harmonic pattern
Therefore, entering a long position on 0.922000 with take profit levels at 0.93230 & 0.93800 could be a high potential long setup to consider
Enter: 0.92200
TP1: 0.93230
TP2: 0.93800
SL: With your own risk management
The easiest 100pips profits to captureAs early as 8 Feb 23, I've been shouting LONG the Shark, LONG the Shark(at this to my community). The trading analysis report was written on TradingView.
The Bullish Shark Pattern has been bouncing off the Bearish 5-0 patterns, and this combo, it produces more than 100pips of profit potential.
It has bounced up and down 5 times; that's not too bad. 5x100pips = 500pips.
I'm excited to wait for the next confirmation to get involved in this trade.
3-days generate 201pips of profitsNot too bad for a daily chart trading setup when the Bearish Shark Patterns generated 201pips of profits. If you miss the trade, there's no point crying over spilt milk.
I'm waiting for a buying opportunity using the Bullish 5-0 Pattern for a buying opportunity.
USOIL: Remaining Stubborn within the RangeUSOIL has managed to stay slightly above the PCZ of a Bearish Butterfly as well as to not break down any trendlines and avoid the bottom of the Range; However, Despite how strong it may look it still has dailed to break structure and it has been showing lots of Bearish Divergence. So long as the range holds i suspect that we will trade back below the 1.618 and eventually go for the Bearish Break Down Targets that could lead to a Bearish 5-0 to take us down to Atleast $56.27.
NZDJPY - Combo TradeWe could be a bit early for this 5-0 Pattern trading setup. That is because the daily chart has not confirmed; the candlestick pattern confirmation is required.
I pull the trading confirmation of the 1-hourly chart. This is a trading management I've been using and refining for the past 5years.
There are 2 kinds of trading management for the such combo.
ComboTrade - Valid trading setup off the higher timeframe, but we engaged the trade on the smaller timeframe
UpsizeTrade - Valid trading setup on the smaller timeframe and final target stretch to complete the higher timeframe.
Both are high-risk trade management, which means the chances of stop-loss being hit are higher, but the profit factor(reward) is amazing.
Of the two selections, upsize trade has the higher risk.
NiftyHello & welcome to this analysis
In the 15m time frame a Bullish Harmonic 5-0 has been activated indicating the probability of 18075 as a possible level for now as long as it does not go below 17920.
Around 18075-18100 it has a trendline resistance, if that is broken then next resistance would be at 18250 and 18450
Good risk reward set up here
Perfect automated detection of Pattern5-0 & Bat PRZ - LongA bullish-type Pattern5-0 occurred near the support zone of 0.6980-0.6990.
If the price drops to 0.6942, a bullish-type Bat pattern could occur.
Long after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
NASDAQ100: Hidden Bearish Divergence at PCZ of Bearish 5-0The Nasdaq has made a 50% Retrace to the PCZ of a Bearissh 5-0 while showing Hidden Bearish Divergence just below the Supply Line of the Equidistant Channel; I think it will continue down from here. I don't however have a strong bearish opinion on the other Indexes, just the Nasdaq because the Nasdaq in particular has not presented us with Potentially Bullish Arguments like the other indexes have.
LINKUSDT Peaked at this Reversal ZoneLINKUSDT seems peaked at this Right-Angled Broadening Wedge. I'm using Herif's Harmonic Pattern Projections indicator to show the 5-0 Harmonic structure within the Broadening Wedge. The price action is trading at this Potential Reversal Zone at the top due to a Candlestick Engulfing Bearish on BTCUSDT and a C-D bearish swing-leg can be expected to Volume POC level.
Technicals:
Volume decreasing shows bulls lack of confidence;
Awesome Oscillator on H2 shown bearish Twin Peaks formation;
Fisher Transform on M30 bearishness crossing.
* 5-0 Harmonic Pattern was introduced by Scott Carney
Perfect automated detection of Pattern5-0 & Cypher PRZ - ShortA bearish-type Pattern5-0 occurred.
If the price rises to 144.36, a bearish-type Cypher pattern could occur.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
AUDUSD: Bearish 5-0 on Quarterly Timeframe Seaking 50% DeclineAUDUSD has this strange Inverse Cup with Handle / Bearish Head And Shoulders sorta look to it, but more clearly, it has formed a very real Massive Bearish 5-0 that has been in the making for many years and it has recently tested the PCZ as resistance at the 50% retrace and confirmed it with huge amounts of MACD Hidden Bearish Divergence. If this plays out fully, then we can expect that the Australian Dollar to lose well over 50% of its value from here out.
Perfect automated detection of Pattern5-0 PRZ - ShortA bearish-type Pattern5-0 may occur when exceeding 144.59.
There is also a resistance zone at 144.90-146.10.
Short after pattern generation and seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
