the POPCAT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD) Note: we should wait for the breaking of the triangle and than make a move! ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be...
EURNZD is on Bearish trend and seems to continue. Harmonic's AB=CD pattern shows the potential reversal zone. No Divergence on RSI on 1Hr and 4Hr chart.
Since topping at ¥156.77 on 14 May, short-term price action on the H1 chart for the USD/JPY has exhibited a downside bias. Of late, as you can see, recent flow chalked up a pullback from a low of ¥153.60 and has initiated the process of forming the D-leg of an ‘alternate’ AB=CD bearish formation at ¥154.95 (marked by a 1.618% Fibonacci projection ratio). The...
BINANCE:ETHUSDT Price is in process of making ab=cd pattern where we have a possible order block placed too at the point of D which is our area of entry. Our initial target is at $3500 and then $4000 and lastly it will at $4500. We can achieve this target by end of this month or next one depending on how other Economic factors interfere with the price...
Hello Awesome Traders! I trust you're having a fantastic trading week so far. Let's dive into an exciting opportunity presented by GBPUSD on its 1-hour chart. This setup is worth exploring as it offers potential for profitable trades. GBPUSD has formed a double bottom pattern around the 1.2529 level, with striking similarities between the first and second...
Harmonics Bearish AB=CD Pattern Instant Buy :28514 Because B Point Already Broke Stop loss:27900 Take Profit AT D POINT RISK REWARD 1:1 D Point is Likely Reversal Zone Wait for the Divergence Then Trade Further Accoridng TO Plan For Reversal Divergence
Have been touching the breakdown trend line from the past years and unable to cross it thrice.
An AB=CD pattern setup could be used in this manner too. I'm waiting for a shorting opportunity at 167.03. Aggressive traders could consider an instant shorting opportunity the moment when the market opens, whereas conservative traders could wait for a double top with rsi divergence to engage the trade.
It's going to be a limited recovery. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere...
Bulls have poised the price right above an ascending parallel channel This channel will likely act as a support if it is retested Bullish results shown with the green bars pattern
Chart shows the possibility of the Parallel Channel and AB-CD pattern and the targets.
Immediate targets 44.36, 40.89. Invalidation at 64.59. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically...
XABC is plotted, now it looks as if we are headed to D which would be roughly around the 1.272 fib note. This may not play out, but it is an idea. If it were to play out, expect a dump following D, back down
The market made a bounce on a very important line. which was a support before breaking on (March 2)that gave us a nice bearish trend. and that has become a resistance. For now there's a probability that he will made a correction,around 30.5 to gain strength since it couldn't break that level
The main focus is as the comment describes: "Testing weak support for the fourth month in a short period of time, if it breaks I expect a move down to around ~ 260." The second most important thing to be looking at is that it never really recovered from december lows, while the rest of the market went mooning to new heights. Entering half of my intended...
From what i gather here, trade on before supporting trend line break put, which willl start the B-C wave. Where will C land, i won't know, but it will touch resistance trend line for sure. This does tell me that the BIG short is defiantly near as we may be heading back to SPY@200. Good luck everyone ;) **LEGENDS** BLUE = Bear/Resistance Yellow = Bull/...
As you can see, the course has bounced off the zone. For now, we expect a buy. Possible goal is the 0.618 retracement.