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Abcdchartpattern

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
3
USOIL - Lower prices to come?Taking a look at the OIL this month we have a chance at getting back down to $80/Barrel or lower. Firstly if we look at the AI for the month it looks to be choppy with a sell off later in the month. I have marked a couple of critical dates. Highs or lows into these dates could mean a reversal, for example if we are at a low coming into the 28th of April then I would expect a strong rally and vice versa a top into this time. On the pattern side of things we are in an ABCD to the downside taking us to 90.86. This will be the first target if it can get back down below the 78.6% @ 98.54. The bigger Gartley pattern has going down to the $80 area where we have multiple FIB levels. The main level being the 382 from the 2020 low, there is also the 1.618% extension @ 79.50 from the recent high/low. ABCD Gartley comes down to 80.86. This could be the start of the next move higher or the possibility of lower prices. With all the news going on its better to stick to the patterns. Enjoy the week. 👍👍🤑🤑
TVC:USOILShort
by L_F