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Abcdchartpattern

LINKUSDT 2-top, H&S, Butterfly; pullback to necklineLINKUSDT 2-top, H&S, Butterfly; pullback to neckline After a retrace from the Stocks Market, LINKUSDT presents a perfect price action in bearish confluences after exit of a ascendent broadening bottom. We can see a Head and Shoulders in process now, exactly pull-backing to neckline, in a potential Double Top pattern. The prior swing before this pullback fitted 50% of a potential CD-leg of a Butterfly Harmonic Pattern. We can expect a 2nd downward from the neckline which is the weekly volume point of control (POC), strong resistance. A 1st short-term-target has been applied on an AB=CD projection. The 14.6% Fib level is my key level to put targets. Plus hidden bearish divergences on 1H chart w/ Ehlers Stochastic, Awesome Oscillator and Chaikin Money Flow. Definitely bearish.
Short
by firmestudio
1
Crab Harmonic and Head and ShouldersA bearish Crab Harmonic and a Head and Shoulders. These are actuallythe most reliable chart patterns playing out. Some swing traders seriously considering a double top from Alt-Time-High but before this we have an imponent H&S that became valid from the fulfillment of your pullback to the neckline and really more reliable. So, I'm targeting a reliable level at 14.6% of the Fibonacci retracement. As we can see on this daily chart I'm adding a confluent projection from the prior bearish CRAB Harmonic. This extension of Fibonacci ratio is in fact 1.278 wich is the square root of 1.618 from a AB=CD pattern.
Short
by firmestudio
bullish flag can make another leg up for ETC#ETC/USDT $ETC had more than 140% increase since my analysis from 6/12/2022 and broke out from descending trend line. 🐮 now price shaped a bullish flag pattern and we just need a confirmation of the weekly candle to close above the channel. so if we have this confirmation price can increase toward 1.618 fib level of last swing high (which is between upper trend lines) to complete flag Pattern and also it can be AB=CD pattern that can be complete.
Long
by parissap
10
Will AUDJPY be oversold?I start off identifying AUDJPY is on a prolonged uptrend both on the weekly and daily and has reached an equilibrium state. From this equilibrium state I have identified two possible scenarios, this is scenario one. I expect price action to come back to the low, one last time and start forming a series of higher highs and higher lows until it reaches the significant turning point. The RSI has not yet established this pair as oversold only overbought. I'm curious to see if the next overbought confirmation is an early sign that this pair has reached the climax and is overbought. We'll see how price reacts to the PRZ.
by BeaucoupPips
USDJPY - Bullish Trend Confirmation We've been calling for continued longs here on the USDJPY pretty much all summer (since June) given the confluences on both the technical & fundamental side of things. Our recent pullback trade is working pretty nicely & since we just put in a new structure high (confirming the bullish trend) this week, I wanted to revisit the trade as it setups up for fresh opportunities. In a continuation trade, each time the trend is confirmed, I like to call it a "fresh break" which essentially means it resets the opportunity to trade. For those already involved this would mean confirming their position & opening the door to risk management tactics & for those who missed it the first time around another chance to get in. My projection higher still remains at a large zone between 143's & 148's. We currently have a nice level of confluence having structure, an ABCD pattern & a 127 Fibonacci extension level lining up at the lower end of that projection making it the safer choice in my opinion. If you have any questions about this idea please let me know in the comment section below. And of course I would love to hear your views as well. Akil
Long
by Akil_Stokes
BRENT CRUDEHello and welcome to this analysis UKOIL (Brent Crude) is approaching the PRZ (Potential Reversal Zone) of two bullish harmonic patterns, AB=CD and Gartley near $85. This level also coincides with the monthly Ichimoku Base Line support. The expected rally from the suggested levels could take it towards $115 In case the up-move takes place before completion of the Harmonic Patterns, then the confirmation will come on it sustaining above $101 In terms of MCX Crude - the corresponding levels are $ 85 > INR 6100 $ 101 > INR 7600 $ 115 > INR 8400
TVC:UKOIL
by Dinesh_C_Nagpal
ETHEREUM - 2000 or 700?COINBASE:ETHUSD seems to be in the final stages of this correction. It mightve already topped out if we look at the Monthly AI or there could be one more high up towards 2000 to complete multiple patterns and the 382 from the April 3 High. Weekly AI has a High/Low late on the 9th of August. Keep an eye out for this to play out. If we are at a high then we will look for short opportunities and if its a low we will look for longs. A different look at the market. I hope this helps. Enjoy the week. 👍👍
COINBASE:ETHUSD
by L_F
1
GlenmarkHello and welcome to this analysis Glenmark after consolidating near its monthly support attempted a fresh upmove from 350 to 400, Post that it has made a sideways corrective forming a Bullish Harmonic ABCD. The current reversal from 375 could be a higher low of the new uptrend in it and it could rally till 410-425-450 as long as it does not breach 374. Confirmation if it sustains above 390. Good risk reward set up scenario of a higher low formation which could lead to a higher high thereon till its falling trendline
NSE:GLENMARKLong
by Dinesh_C_Nagpal
Ultimate lowrisk EURUSD Shortsetup Keep it simple. Using Harmonic patterns. The 1.02 mark is an absolutly strong resistance area, look at all the harmonic legs that are leading to the 1.02 mark. Because of this, this is a low risk profile short setup. There are different scenarios. For instance It can go immediately to that mark and create a wick, -or it can trade in a trading range above the mark and then fall back below and retrace from that level, before a potential pullback or reversal. Harmonic moves can be beautiful folks, This is a beautiful low risk short setup! 𝘼 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 follow 𝙬𝙤𝙪𝙡𝙙 𝙗𝙚 𝙖𝙥𝙥𝙧𝙚𝙘𝙞𝙖𝙩𝙚𝙙! Thank you and have a good one
Short
by TimerofMarkets
2