WTICO Reversing at PCZ of Bearish Shark on the MonthlyRSI is moderately extended and we've had a mad amount of volume come in on that wick test to the PCZ, from the looks of it WTI is setting up for a major reversal.
5-0 Pattern
DXY Accumulation zoneDXY is almost at a very strong historic resistance zone (100)
Trading range is between 92 - 108
No candles are allowed to close bellow 90 to maintain strong bullish trend with wicks into 89.6
As always, be safe. Spend more time with your loved ones.
LTC Possible 150% move?Credits to Original Analysis by @CryptoPatel
Outlook for LTC this year will look like a double top and a crash by summer following "current global inflations trend" as if...
As always, be safe. Spend time with your loved ones.
nifty 50 NSEMay be (Nse Nifty) move downward again in next week and take support 16730 ,16639 as per 0-5 bullish harmonic pattern. and further move towards new lifetime high. (short term sell )
EURJPY H4 5-0 PATTERNHello traders. I see a 5-0 pattern on the EURJPY H4 chart. Good luck everybody.
EURJPY - Bullish FlagLast week, we spoke about the EURJPY 5-0 Pattern complete on the Weekly Chart, if you had bought it when the market opened, you would have at least gained 283pips of profit.
If you had not done that, the next thing you would probably think of is to engage as soon as you have the opportunity.
Well, there is a Potential Bullish Flag setup complete at 127.46, that's the price you can wait for a retest combined with a 3-bar reversal to head in the trade.
If the market break and close below that level, you can wait for the Bullish Shark Pattern setup on both 1hourly and 4hourly chart setup.
EURJPY - 5-0PatternA Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level.
Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should engage the 2nd and 3rd times as long as formed up in those areas.
But if you did short this, you would have gained a total of 848pips.
5-0 Pattern is much easier as it has only 1 entry zone and 1 profit level. You only need to wait for candle confirmation to trade back up to the profit level.
I will be waiting for a double bottom setup with RSI Divergence on a lower timeframe to take advantage of the setup.
gold trading idea till FOMC
Assume base on factor such as
DXY back to 96.5
and people kept on buying US10Y , ( look at the latest balance sheet in fed, there are currently no signs in slowing the buy yet except December)
Bullish Shark at Support Line with MACD Bullish DivergenceFrom the looks of it AXS would like to see one more bounce before it resumes it's Bearish Trend. I suspect close to a 50% Retrace of the Prior Highs before an Ultimate Reversal back to the downside.
For now the trade is Bullish and Profit Taking Targets range from 80 dollars to just over 100 dollars.
ICPUSD Bullish Shark with lots of RSI Bullish DivergenceWe have what seems to be a Lower Low Double Bottom at the PCZ of a Bullish Shark Pattern with a bunch of RSI Bullish Divergence that if it plays out will take us up to around a minimum of $50
SHIBUSDTIt is a bearish wave pattern >>> shib-XXX-shib-XXX-shib-XXX-shib-XXX-shib-XXX-shib-XXX-shib-XXX-shib-XXX
EURUSD - 5-0 PatternA Bearish 5-0 Pattern if you are waiting for a shorting opportunity like I do.
In this trading setup, I will not be taking further targets. What I love about this setup is that the 5-0 Pattern has an exact price, rather than a zone.
AUDUSD - Bearish 5-0 PatternIt depends on the way that you read the candlestick chart, the Bullish Shark Pattern may have formed. If so, if you have plans of trend trading, you can wait for the market to retrace back to 0.7109 and engage the shorting opportunity through 5-0 Pattern.
SPX Bearish 5-0A retracement to prepare for the formation of a bearish gartley at higher prices, or a continuation down. Time will tell.
Messy BTCHere's how I do see the BTC chart, I saw three patterns in its chart:
1. Shark
2. Dragon
3. 5-0
And I believe are all going to happen
Bearish 5-0 Entry Below Ascending Broadening Wedge Demand LineJust Like BTC Did a Few Weeks Ago , The SPY has broken below an Ascending Broadening Wedge Demand Line and has formed a Bearish 5-0 at the tail-end of the breakout. The Reciprocal AB=CD PCZ of this Bearish 5-0 takes us to the 55% Fibonacci Retracement and that's where we closed today. If we get follow-through price action we should see the SPY Continue Downwards from here and perhaps fulfil the Measured Move of the Ascending Broadening Wedge and take us all the way back down to $344.43
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BTCUSD M15 5-0 PATTERN AND QUASIMODO PATTERNHello traders. I see 5-0 pattern and quasimodo pattern on BTCUSD M15 chart. It could be a confirmation for ascension.
1hr Bearish Butterfly at Macro Levels of InterestWe have a 1hr Bearish Butterfly at the PCZ of a Potential Bearish 5-0 on the macro timeframe with Bearish Divergence. This maybe the last test of this level before making truly lower lows check the related Ideas tab for more details on the macro.
Asianpaint - 5o with Gartley and SharkAsianpaint has shark on 3hour and gartely on daily timeframe. Perfect 5-o Pattern . Looks like forming future BAT.3178 would be 5o Target.
Bearish 5-0 Entry Below Ascending Broadening Wedge Demand LineFrom the looks of things we should see prices at least peak below the 40k level and at worst see this be the beginning of something much more bearish.
