BTC's Situation: What Shall we ExpectBTCUSD has Created a Large Rounded Bottom. This Means The Price Can Increase as Much as the Length Between The Top and The Bottom Of the Rounded Bottom. Since there are no Break out, There is no Confirmations So we must Wait for Confirmation of a Bullish Trend .
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Abcdchartpattern
🚧WOOUSDT is Bullish now🚧 & many Traders don't see it 👀!!!The WOOUUSDT is in a Bullish phase by Ascending Triangle & Cup & Handle.
WOOUUSDT is in a large ascending triangle on the weekly time frame and also at C&H if it follows these patterns we would have seen gold's biggest historical rally.
⭐The pattern will increase the price as much as the measured price movement (AB=CD)
❗ Note if the Triangle or cup & handle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed.
🤑Stay awesome my friends.
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USDCAD - Hitting Major Double ABCD/Gartley Buy Zone.OANDA:USDCAD Has hit a major Double ABCD/Gartley Buy Zone. With the DXY also getting close to a reversal area this could be one to watch.
There is also the 61.8% level from the September low.
A multi month pattern that lines up nicely.
Enjoy the week.
I will be back posting more content going forward.
🚧Cardano is Bullish now🚧 & many Traders don't see it 👀!!!ADAUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
🤑Stay awesome my friends.
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The Bullish Case for XLM! A Comprehensive Analysis!!!XLMUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
🤑Stay awesome my friends.
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I Cannot Short This !!! situation+next targets.LINKUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
🤑Stay awesome my friends.
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AUDCHFLINKUSDT is trading in descending channel and printing consistent HH HLs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 0.5900followed by 0.6000 region.
What you guys think of this idea?
LINKUSDTLINKUSDT is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 13.70 followed by 12.50 region.
What you guys think of this idea?
USDCHFUSDCHF was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.9200
What you guys think of this idea?
XLMUSDTXLMUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 38% to 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 0.15.
What you guys think of this idea ?
🚧THETA is Bullish now🚧 & many Traders don't see it 👀!!!THETAUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
I hope you make good money in these exceptionally good days🤌
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LINK is bullish now and many Traders don't see it 👀!!!LINKUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
I hope you make good money in these exceptionally good days🤌
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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👑 SPY 🗝️LEVELS TO WACTH👀Hello, traders! 👋 Welcome to another technical analysis. Today, we're taking a closer look at SPY.
The chart illustrates a symmetry AB=CD pattern, which appears to be bullish on its daily chart. The price has reached an important support level at "D" 422.30000.
The strategy is straightforward: we will buy above the entry level (EL) at 427.10000 with a confirmed upward trend. Our stop-loss will be placed below the cluster zones at ST: 418.12379.
Our target levels will be as follows:
First target at 62% of AD: 445.20349- 79% of AD: 451.35905
Second target at 127% of AD: 469.70833-162% of AD: 482.52695
If you find this analysis interesting and useful, please show your support by liking and following. Stay tuned for more analyses like this one!
👑 NAS100 🗝️ LEVEL TO WATCH 👀 AND WHY🤔Hello Traders👋, and welcome! Today, we are having a look at indices.
The NAS100 chart on the daily timeframe illustrates an AB=CD bullish pattern. This pattern exhibits perfect symmetry in the swing from AB to CD. As we can see, the price has broken above the long entry level (EL) at 14677.2, indicating a possible bullish scenario.
Stops are set below point D (ST) at 14417.3, and targets are set at 62% of AD, which is 15353.4, and 78% of AD, which is 15611.1 to begin with.
I hope you find this technical analysis useful. If you do, please support the idea with a like, and stay tuned for more analyses like this by following."
TCPLTP
USDCAD: Short Term Technical AnalysisTechnically the FX:USDCAD pair seems to follow 12345 bullish impulse structure on intraday chart. Having said this, it is possible to follow 2 setups (bearish and bullish) on levels shown on the chart. On the short side, it is good to monitor and manage the position closely and move stop loss to breakeven as soon as possible. In this case the expected pullback could take the form of ABC or ABCDE Pattern. Levels may change, so follow our updates below or on our website.
Trade with care
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EURNZD ADVANCE HARMONICS PATTERN AB=CD BULLISH Hello Traders, and welcome to TCPLTP!
Today, we are examining a promising trading opportunity with the EUR/NZD pair. Let's delve into the specifics.
To understand the potential of this opportunity, let's first unpack the AB=CD pattern. This pattern is a popular harmonic sequence in the trading sphere, noted for its symmetrical price legs. Currently, the EUR/NZD pair has crafted a bullish AB=CD pattern on its hourly chart, signaling a potential ascent in the market. This advanced harmonic pattern is a reliable tool for traders to identify potential market shifts.
Now, focusing on the current market dynamics, the EUR/NZD is trading above the designated long entry level, hinting at a bullish momentum in the offing. Here are the critical levels to monitor:
- Long Entry (EL): 1.81248
- Stop Loss (ST): 1.80656
As for the profit targets, we have identified two promising levels where you might consider securing profits:
- Target 1:
- 62% of AD: 1.83181
- 78% of AD: 1.83806
- Target 2:
- 127% of AD: 1.85625
- 162% of AD: 1.86943
In light of the bullish indications from the pattern, traders might contemplate initiating a long position. It's essential to manage your risk wisely by setting a stop loss at the specified level, and to stay attuned to the ever-changing market dynamics.
We trust you find this trading opportunity as promising as we do. As always, ensure to conduct thorough research before making any trading decisions.
Happy Trading!
If you find this idea appealing, please support it with a like and follow us for more insightful trading opportunities. Your support is much appreciated!
AUDUSD ADVANCE HARMONICS PATTERN AB=CD BEARISH
Hello traders, and welcome to our "Trade Chart Patterns Like the Pros" analysis.
Today, we're focusing on AUDUSD, which offers an exciting trading opportunity. The AUDUSD has developed an advanced harmonic pattern, the AB=CD bearish pattern, on its hourly chart.
The AB=CD pattern is one of the classic chart patterns which is repeated over and over again. The AB=CD pattern is a four-point price structure wherein the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback, and is the basic foundation for all harmonic patterns. There are several combinations and variations of the AB=CD pattern, but the primary AB=CD pattern consists of an initial leg (AB) then a retracement (BC) and then a final leg that mirrors the initial leg (CD).
Currently, the price is trading below our short entry level (EL) at 0.64972. To safeguard our position, we've placed a stop above point D at ST: 0.65254.
Target 1:
- 62% of XA: 0.64245
- 79% of XA: 0.63977
Target 2:
- 127% of XA: 0.63211
- 162% of XA: 0.62672
Stay tuned for more insights and happy trading!
EUR/USD 1H Setup: Fibonacci Retracement and Rounding Bottom 📈🚀Calling all traders! We've got a fantastic EUR/USD setup unfolding on the 1-hour timeframe that you won't want to miss. Here are the key details:
🔑 Technical Analysis Highlights 🔑
📊 Fibonacci Magic: After a strong rally, EUR/USD retraced precisely to the 0.618 Fibonacci retracement level. A classic retracement pattern, indicating potential bullish strength.
🔄 Rounding Bottom Formation: The price has consolidated beautifully at the 0.618 level, forming a visually appealing rounding bottom pattern. The icing on the cake? The last candle is a bullish pinbar candlestick, signaling a potential upward reversal.
📈 RSI Confirmation: The RSI indicator supports this scenario, currently residing in the oversold territory, suggesting that a bullish move may be in the cards.
📊 Trade Strategy 📊
With these compelling technical signals, the strategy is clear: seize this buying opportunity on EUR/USD. Place your stop loss just below the pinbar, around 1.08320, to manage risk effectively.
🎯 Take Profit Targets 🎯
1️⃣ First Target: 1.09000
2️⃣ Second Target: 1.09400
3️⃣ Ultimate Target: 1.01000
Remember, trading carries inherent risks, and it's crucial to conduct thorough research and employ risk management techniques. Best of luck with your trades, and may they be highly profitable! 💰🚀📈
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
USDJPYUSDJPY is trading in bullish parallel channel and completed the AB=CD pattern within the channel. After pattern completion the pair is lacking bullish momentum starting to change its direction from bullish bearish and seems like bears are taking control. If the bears continue to took control , their next target will be 140.80 region followed by 140.