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Abcdchartpattern

USDCAD - BUY MODE GARTLEY!!Today we look at the FX:USDCAD as it is setting real nice with patterns, FIB levels and AI all coming together. Firstly the Gartley pattern that started early April and looks to be completing today @ the 78.6% level of 1.2461. This turn zone is between 1.2461 127% ext and 1.2450 1.618% ext of the last move which is the final wave 5. This is the first retracement from the April 5th low and its in AB=CD which is the favoured pattern. Also with the AI for today we have an expected low around 2pm. This is a major turn event for the day. Things lining up again which means we have to place orders. Let me know your thoughts on this set up and ideas you also have for this pair. Enjoy the day.👍👍
Long
by L_F
CRYPTO- Patterns & patterns. ALGORAND.BINANCE:ALGOUSDT In this post I take a look at some of the patterns I trade and how often they show up. This is a30min chart over the last couple of weeks of ALGORAND. Firstly is a 3 DRIVE into the high. This pattern often occurs at highs or at lows and normally has an ABCD pattern with it. Next we have the 135 pattern which occurs when leaving a high or a low. After that we have the AB=CD Pattern. Now we are completing a Gartley and Butterfly pattern coming in at mulitiple Fibonacci levels. This is just a look at the patterns I use and how often they occur. I hope this helps. Enjoy the day. 👍👍
Education
by L_F
S&P500 - NEARING CORRECTIVE RALLY ENDThe FOREXCOM:SPXUSD is nearing the completion of the corrective move higher. We have just completed the ABCD to the downside with a nice rally later in the US session yesterday to move off the low. Today we have 2 levels to watch. Option 1- Temp Bullish. This will see us head higher into the 4680-4720 area a little higher than the 78% level. Then this would bring the start of the move lower towards 4k. April the 12-13th is a major Monthly AI turn point and astro event. This is where this scenario is lining up nicely. Option 2 - Corrective move finished. This more bearish option would take us to the 4550 -4565 area before failing in a 135 bearish pattern. Either way we are nearing a top or its already in. I hope this helps. Let me know your thoughts.
FOREXCOM:SPX500Short
by L_F
LUNA/USDT Trade Set Up After my original trade set up at $44 off of the PCZ of the Bullish Bat Pattern i had a 3rd target of $100. Profit took (120% up in 2 weeks) and exited at $100 before it went to All Time Highs at $104 and reversing! After re analysing the chart i noticed the cup and handle structure forming on the daily chart. I also noticed more significantly the ABCD structure from the lowest low of this rally to a 1.618 extension would have took overall to $140. Although this asset had just increased 120% in 2 weeks which i was lucky enough to ride up i started to think yes this was definitely a level to take profit at the top of the harmonic but then again traders that were in this position and at this time with market conditions starting to turn around and the macro looking bullish again that it would have been prudent to start using those fib extensions rather than exiting. I also found an edge on the LUNA/BTC chart which has only ever made higher highs and higher lows! i would recommend anyone to check that chart out for a beautiful example of an amazing uptrend. So I created a new trade up at $93.37 entry and a stop loss of $87.20 we actually went down to $89 before my argument started to play out and we didn't get stopped out! Targets where very easy to place and fit perfectly in numerical order at $120, $140, $160 and a swing for the fence target of $200 my reasoning = $120 is the 1.272 Fib extension $140 is the 1.618 Fib extension and pattern completion of the ABCD structure $160 is the major move of the Cup and Handle structure $200 is really a swing for the fence aggresive target of the 2.618 Fib extension because if any asset makes a 'crypto move' to the 2.618 Fib this run would more than likely be this No.1 out-performer of an asset LUNA (previously private trade set up) 1st target hit!
Long
by jedtexas
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