Get started

AB=CD

Contrasting Trends, Caution AdvisedIt is crucial to have a good grasp of how to interpret the market before making any trades. Although the current pound dollar movement leans towards bearish, the weekly chart indicates a positive trend. To capitalize on this, trend traders should sell, while counter-trend traders can take advantage of a shorting opportunity at 1.2317. The buy zone lies between 1.2313 to 1.2689, with a weaker bullish movement on the weekly chart. Remember to always conduct your own analysis and avoid blindly following others. If you're interested in learning more, feel free to chat with me.
by RaynLim
AMZN: Bearish Bat with Confirmation Could Take It Down to $42.99We have officially gotten PPO Confirmation at the Bearish Bat PCZ, as a result, I am now convicted to this trade and am even willing to lower my target back down to $42.99. We have broken trend on the PPO and Confirmed an Arrow at the PCZ; a move down to $42.99 would be the completion of a Perfect AB=CD BAMM and the Bearish Bat here just may act as our Early C entry to catch the more macro CD wave to $42.99.
NASDAQ:AMZNShort
by RizeSenpai
1
CHFSGD Bullish runHello traders, We have yet another great market set up to take advantage of. The CHFSGD has been consolidating in a falling wedge. We have since seen an opportunity to take advantage of a trend violation on the daily timeframe. Should we close above the trendline today, we are definately bullish unti we reach our target set at 1.48927, this target was set by our primary observation of an ABCD trend hike which is currently in motion. We will now take the long trade and hold, should we not break out of our trendline, we will close this trade. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Long
by Mezzoforte_Privilege
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!
Long
by TradeChartPatternsLikeThePros
4
Ride Upward for TSLA in the Year AheadTSLA Weekly Chart TSLA was in a downward channel since November 2021 (red channel). It has been in an upward channel since January 2023 (yellow channel). Volume during the uptrend which started in January 2023 has been nearly double than during the downtrend which started in November 2021. During the downtrend, TSLA formed an equal wave (Elliott corrective wave), AB = CD. In view of above, I'm optimistic on TSLA. It may make small moves downwards but will reach the last high of November 2021 in 2024 if there's a soft landing recession.
NASDAQ:TSLALong
by RS3175
Bullish Outlook, Counter-Trend Opp.The overall outlook for USDJPY leans towards a bullish trajectory. However, this week's strategies are tailored for counter-trend traders. For position traders, keep an eye out for a potential Bearish Bat Pattern forming at 149.28. Exercise patience and await confirmation before making a move. Zooming into the 4-hour chart, an ABCD Pattern coupled with an RSI Divergence at 147.77 provides an intriguing setup. If the market doesn't exhibit a significant gap upon opening, this could shape up to be a promising strategy. 🤔 What's your play in this scenario? Share your trade plan in the comments! 🗨️💡
Short
by RaynLim
GBPUSD Reversal The GBP/USD pair presents a compelling technical setup on the 4-hour chart, featuring a potential 1.27 AB=CD pattern. This pattern suggests an impending bullish move as price retraces around 127% of the initial leg. Furthermore, there's evidence of RSI divergence, where the price forms higher lows while the RSI indicator forms lower lows, indicating a potential reversal in momentum. Traders may consider a long position with caution, awaiting confirmation through a breakout above the CD leg's high and monitoring RSI for a confirmed reversal. However, risk management is crucial in case the pattern fails to materialize, ensuring protection against potential losses.
Long
by fahadidrees92
1
GameStop: If it can hold above the PCZ, still targets up to $417The GameStop Trade is not over yet, as the Falling Wedge is still in play, the price is still above the PCZ, and it is still trading above the Log scale All Time 38.2% retrace. If we hold here, we can eventually get a rally up to $156.72, and if it wants to go for a symmetrical move, it would go for the full 1.618 Fibonacci extension all the way up to $417.05. We have PPO Confirmation at the PCZ of the Bullish Shark and the 38.2% retrace, so this would be the perfect spot as ever to begin a big move up, if it was ever going to do it.
NYSE:GMELong
by RizeSenpai
2
Despite Macro Bearish Conditions TRX Remains Set for New HighsThis is a follow-up to this trade below: TRX has been holding up here in this zone despite the bearish price action on the macro, has recently started to press up against the resistance zone above, and has also once again defended its bullish trend line. If this price action continues, we could very soon see TRX jump up to the upper end of the range at around 18 cents before pausing for a bit. The overall target for the wave structure, as can be seen in the original post, is 42 cents at a 1.618 extension, but this lower 18 cent target is for more midterm trades entering off the bullish trend line right now.
Long
by RizeSenpai
GBPUSD - Bullish TrendThe pair have started a decent bullish rally after a bearish divergence. The recent retracement has extended too long. But, the bullish trend confirmation is due to no bearish divergence in the rally so far. The retracement can be treated by AB=CD harmonics, at the Potential Reversal zone (D) we observed a bullish divergence. This bullish divergence in retracement at PRZ further confirms the bullish trend continuation in the big picture. Let's hope the trade goes as per the trade plan!
Long
by Khizer98
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!
Short
by TradeChartPatternsLikeThePros
2
Bearish Signs Emerging!📊 Weekly Chart: Overall bullish, but watch current candle. 📈 Daily Chart: Bearish movement, key level 1.0766. 🕓 Four Hour Chart: Sensitive period, focus on 1.0766. ⏳ One Hour Chart: Multi-timeframe analysis. 🔍 Higher Timeframes: Confirm breaks below key levels. 🚀 Aggressive Short Opportunity: Wait for trend line retest. Look for break below 1.0705 or 1.0651. 📉 Weekly Chart Analysis: Trend line broken. Set alerts for retest. Consider aggressive shorting. 📊 Daily Chart: Wait for retest for aggressive short. Potential 130 pips opportunity. 🦈 Four Hour Chart: Shark pattern may be invalid. Customize chart for accuracy. 📈 One Hour Chart: AB=CD movement. Wait for 3-bar reversal for buying. Double bottom with RSI divergence.
by RaynLim
BluetonaFX - USDJPY ABCD Pattern WarningHi Traders! There are potential warning signs that the outlook for the US dollar is not as strong as we hoped. Bad data has been coming out of the US this week, leading to traders being very nervous about tomorrow's NFP announcement. This technical analysis on the charts also supports this. The market is currently in an ABCD formation, and the demand zone at the 145 level, which has been very strong over the past few weeks, must hold here; otherwise, there is a risk of a potential reversal of the bullish trend. Last week, we posted a bull flag opportunity and stated that the market must break and close above 146.564 for a possible continuation towards 150.000, which the market has yet to do. This pattern is still in play, but the demand zone must hold. All eyes will be on the NFP announcement tomorrow, and further bad data will lead to a bearish outlook for the US dollar. We would love to hear your thoughts on this in the comments section. Please also do not forget to press the like button and follow for more updates. Thank you for your support. BluetonaFX
by BluetonaFX