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Abcde

BTCUSDT is inside a huge triangle 🦐BTCUSDT is inside a huge triangle, the price is creating a ABCDE pattern. As we know, triangle pattern is continuation pattern so, if the price will break the 'd' point we will wait the confirmation and set an order according to Plancton's strategy. In Crypto we Trust ––––– Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
1
DNR - (ABCDE) Time to close the daily gapHello everyone, we have ABCDE pattern very clear on the chart and what we want to see in order for the pattern to be correct is a strong impulse wave to start from 0.2950 - 0.3000. Oil had somewhat recovered, SP500 and NASDAQ have also risen +2% and we are falling together with the other oil penny stocks, which I think is just the opposite that we should have seen. Countries around the world are lifting the quarantine, which should bring some positivity and make the prices go up of most stocks. As for why I think that DNR will rise fundamentally: - DNR have hedge position on oil that expires at the end of the year. - DNR has little short-term debt, so I do believe we will survive. - DNR is volatile with a lot of volume. If we do see oil stocks rise, we will be in the top 5 biggest gainers. - DNR made profits before the crisis, so this should give hope to investors in the long-run. I wish you all good luck!
DLong
by donaitelo
13
GBPJPY - still up?I marked significant daily levels on daily chart below. Currently it's at level, which served as support and resistance in the near past, so it may dance around it again. Will see how it will start a new week. ABCDE pattern is suggesting short, but I'm not willing to short it from this level. From bullish perspective, entries around 132.00 or even 130.40 would be interesting, targeting 135.40 and 137.00 for starters. Daily chart: Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Long
by rludvik
USDCHF - ABCDE gameAnother ABCDE to take in account for better future trading. Orange area would be place for scalping on 5m, but as thrilling as this can be, I don't have time for this. I'll be focusing on the yellow area in the future - entry in the start area of the pattern (two red lines) and at the same time re-test of previous highs (rise from D). Adding this one also to linked idea, building mini howto in one place. I entered this one at red ray and can't complain about it, but with entry in the yellow area, there would be 25 more pips on the table. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Short
by rludvik
ABC (D) (E|A)Note: this is not backtesting, just an observation of some pairs in the last week. All of these can be seen as ABC, but I like to chart it as ABCDE and see that E is not coming in the way. I spotted this behaviour on various pairs and time frames, but the last week provides nice summary to be put in one place. They provide nice RR, but require patience :) And of course this is not the every time winning case - you also have to take in account trend on larger time frame and support/resistance levels. Anyway, hope somebody will find this useful and will benefit his/her trading. ABCDa rising AUDCHF: AUDNZD: ABCDa falling USDCAD: Failed ABCDE = ABCDEA USDCHF: Or just ABC with breakout and pullback USDCNH: Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Education
by rludvik