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AB=CD

Potential 1 to 1 and a Upthrust setupThis area will offer a good area for a short. Observing reaction and waiting for a convincing entry bar. Setup - 1 to 1 also price might move behind a previous high and take the stops. Call it Double top, Support Resistance, it doesn't matter. If stops are taken there will be trapped people. Stochastic in Overbought - not that it strictly predicts anything certain, but noticed it offers good risk to reward ones it's in overbought. Volume - there is some non-confirmation as the price raises and volume dries down.
Short
by TheSpringHunter
Good Gartley example - post mortem observationSee how volume was drying down and was not validating the rising price. Then we had this red Outside bar on raising volume that occurred at the exact 1 to 1 point. Also, it occurred above a previous high so we might imagine that stops were taken. This was also the 61% retracement. Another confluence point is a Divergence from both the 8 and 14 period Stochastics which adds up to have an explosive move. You don't need two, one is just fine. it's for sure an after-the-fact observation, but these Gartleys or Spring take some time to set up, and then when they go they go. With the good ones you rarely have a chance to enter back into the trade. Just observing - one of the targets I use is the 161% extensions of the recent pullback so let's see if the price will go there.
Short
by TheSpringHunter
Gartley or AB=CD from the 61% retracement levelWe have a Gartley or AB=CD potential from the 61% retracement level. Volume is drying down which is a leading indicator of price. SPX500 regularly tests the 78% range which was going to make the setup called Gartley 222. I personally look for these at the 61% levels and the 78%. Quite possible to see a few stop hunts until we see a decisive move down, but some reaction on the downside might give us a good trade setup. Happy trading!
BLACKBULL:SPX500Short
by TheSpringHunter
Potential spring - observingIf I see a good entry bar indicating that stops were taken and there is enough liquidity for a strong move up I might enter this as a Spring setup - a form of AB=CD. What I don't like is the longer consolidation, but if you go to 1H it still confirms the bulling trend. We are not here to predict the future, but to buy with a small stop in relation to the potential reward. Some divergence from a lower timeframe like 15 min or at the 30 min will be nice for confirmation and confluence. I like to have at least 3 - horizontal support, some trend line, Stochastics in overbought, Some divergence, Fib level like 61% or 78%.
Long
by TheSpringHunter
Immediate Trading OpportunitiesAustralian Dollar Starting with the weekly chart, consolidation is evident. On the daily chart, a retest of the previous support within the consolidation. A four-hour chart shows an RSI divergence—a gem for counter-trend traders. The one-hour chart mirrors this setup. Reading trend movements with precise filters is pivotal to distinguishing buying from selling opportunities. 🔍 Weekly Chart Insights 🔍 A Gartley pattern is brewing at 61.67 on the weekly chart—a potential buying level. Transitioning to the daily chart, a retest of the Gartley pattern hints at earning extra income. The RSI divergence adds confidence. Conservative traders should wait for candlestick confirmation before proceeding. 📊 Four Hour Chart Dynamics 📊 An ABCD pattern on the four-hour chart presents a trading opportunity. Prudence calls for awaiting additional confirmation. 🕒 Timing the Trades 🕒 My focus leans towards the four-hour chart. I aim to engage around 9:00 AM Singapore time when candlestick formations provide supplementary confirmation.
Long
by RaynLim
4
Chart vs. HeadlinesLet's debunk some headlines like "The Dollar is Bearish!" and dig into the real chart dynamics. On the weekly chart, a bullish trend is evident, despite a retracement that might seem bearish. Always consider the bigger picture. The recent retracement is a mere blip compared to the overall uptrend. 🔍 Key Levels to Watch 🔍 Zoom out and observe the retest happening on the previous high. Keep a close eye on whether the market breaches 145.24. The next crucial level to watch is 152.02. Chart analysis trumps online articles. Don't just read, define your levels strategically. 💡 Daily Chart Insights 💡 Approaching the previous high on the daily chart, counter-trend traders might eye shorting opportunities. However, wait for candlestick confirmation before executing. Personally, I see a breakout trading opportunity, not an aggressive short. 📊 Four Hour Chart Dynamics 📊 New highs surpassing previous structures on the four-hour chart indicate the bullish trend persists. This trend isn't over. One hour chart mirrors this pattern—a break of prior resistance. 📚 Mastering Market Analysis 📚 If you're passionate about analyzing markets like I am, employing clear rules for buying and selling levels is vital. No guessing games. Scan the QR code for our community channel. Engage with like-minded individuals and refine your skills. 💼 Crafting Trading Strategies 💼 Returning to the weekly chart, counter-traders might spot a shorting setup at 149.28 for a Fib-3 Bat setup. On the daily chart, a crab pattern at 150.39 forms, with a Bat pattern completion at 149.16. ⚙️ Shorting Opportunities ⚙️ For those inclined towards shorting, the ABCD pattern on the four-hour chart sets a stage at 147.80. My focus? Buying opportunities. A pullback to 144.02 holds potential for a buying window. 🔎 Immediate Insights 🔎 On the one-hour chart, a closer level of interest stands at 144.46—a promising buying opportunity within the buy zone.
Long
by RaynLim
📈 Navigating Euro-Dollar Trends: Trading Insights 📉Greetings, fellow traders! Let's delve into the Euro-Dollar trends and identify some potential trading opportunities. 🌍💱 📊 Weekly Chart Insights 📊 The bullish trend continues with a notable pullback, keeping our attention on the upswing. The market's pullback has tactfully avoided breaking crucial support at 1.0637. Transitioning to the daily chart, we find ourselves back in the buy zone. 🔍 Spotting Entry Points 🔍 For those eyeing a buying opportunity, a bit of patience might be wise as we await further confirmation before engaging the trade. The four-hour chart showcases an enticing support level at 1.0921, primed for a potential buying entry. Similarly, the one-hour chart hints at a possible pullback setup. 🔎 Charting Trading Prospects 🔎 Weekly Chart: Trend traders might consider a shorting possibility on a retest at 1.1232. Daily Chart: Watch for confirmation at 1.0913 for a buying opportunity. Four-Hour Chart: A bearish bat pattern completion at 1.1134 could intrigue shorting enthusiasts. For buyers, a bullish bat setup may require a magic candle confirmation at 1.0883. One-Hour Chart: An AB=CD movement completion at 1.0914 offers a potential entry point. 📅 Seizing Opportunities 📅 This week presents an array of trading prospects. The key is clarity in your trading intentions. Are you pursuing a trend trade, a counter-trend pullback, or simply capitalizing on setups as they arise? Planning using the A.P.E framework—Analyze, Plan, Execute—can be your compass to success. 🚀 Ready for Trading Success? 🚀 For those keen on utilizing the 15-minute-a-day A.P.E technique to enhance your trading prowess and boost income, don't hesitate to reach out. Elevate your trading game with strategic precision!
Long
by RaynLim
Consumer Credit: Harmonically Set Up to Return Down To TrendConsumer Credit has recently risen to over $1 Trillion and this rise happens to align with a 2.618 Fibonacci Extension and the PCZ of a Bearish ABCD. If we view this based on the expectations of Harmonics and Fibonacci, we would expect that this is indeed the top and that we will now begin a retrace back down to trend, which could likely land us between the 50% and 61.8% retrace down at $600–$500 Billion as those retraces line up with the trend line we have formed.
FRED:CCLACBW027SBOGShort
by RizeSenpai
Pirate Chain (ARRR) - Bull Pattern Complete - Further Support?A brilliant Bullish Gartley has played out. Congrats to those who caught that textbook Hammer on the daily chart! Now the Ichimoku Cloud indicator says some interesting things. 1.) Bullish Lagging Span 2.) Daily and 240 candles closed on the (bullish) conversion 3.) Daily and 240 candles see the same 0.618, very close to the (bullish) conversion Crypto is crypto, so … you know … protect yourself, but I'm watching ARRR very closely. ** Open source ** ** Community driven project ** ** Privacy oriented currency ** ** Z-to-Z (provably anonymous) ONLY transactions ** ** TOR ** ** I2P ** Just sayin'
ALong
by I_see_BTC
AMZN: Bearish Bat: Anticpating Potential PPO ConfirmationAmazon has gapped up to complete an 88.6% retrace thus completing the BAMM. Now we can see that the PPO is trading outside the upper bounds, and once the PPO comes back down below the upper bounds, it will confirm a Bearish PPO signal at the PCZ of this Bearish Bat, therefore confirming the Bearish Entry. I think it will target $81 from there on, but it could go lower if it ends up being a continuation of a much more bearish ABCD Pattern from years ago. I think this rally was stirred on by the positive earnings release, but failed to realize how unprepared the guidance was during the actual call, as they hardly provided any guidance for Q3 all they could provide was their hopes but not much beyond that.
NASDAQ:AMZNShort
by RizeSenpai
ETHUSD: Building Up to a Minimum 66% DeclineEthereum, after having been denied at the local ABCD PCZ, has begun to set itself up to continue its macro move down. All it has to do is break below the $1800 level, and that would be a breakdown of the ascending channel and the weekly 55EMA and 89EMAs. The PPO has already broken below trend and confirmed a lower high and is now working on breaking below the 0 line. The expected target would be the 0.886 retrace, but given the log setups that I've posted in the past, it could go much lower as those log setups are still valid.
INDEX:ETHUSDShort
by RizeSenpai