AB=CD
Down Weeks Ahead for UPSWeekly chart of UPS
UPS in the third impulse wave of its Corrective Wave (red coloured wave). However, we are only half-way into the third impulse corrective wave.
UPS had a support at 155 level, which it lost yesterday.
UPS is below 50 and 200 SMAs.
During the third impulse wave of the Motive Wave (green coloured wave), UPS made a large gap from 125 to 135. There is a support just below this region. That's where UPS is likely to stop its current downtrend.
AVGO and SOXS Preparing to Move BigSOXS the 3x Inverse ETF for Semiconductors, has broken out of a Bullish Head and Shoulders and now sits at the 89EMA. If things go as expected, SOXS should be clear to at least give us a 60-150% rally. At the same time, we also have a Bearish AB=CD on AVGO and what looks to simply be filling of a gap it made at $830 after breaking below its own slanted Bearish Head and Shoulders neckline as seen here:
If things go as I expect them to, we will see AVGO open the week to aggressive downside with minimum overall targets as deep as 50% below current prices.
Counter-Trend Trading OpportunityEURUSD is currently experiencing a bearish trend, but for those who are counter-trend traders, there may be an opportunity to buy at the AB=CD pattern completion at 1.0602.
It is important to wait for confirmation from a magic candle confirmation before executing this strategy.
The initial stop-loss should be set at 1.0562 (-40pips) or -400 USD/lot.
Our first target should be set at 1.0668(+66pips) or +660 USD/lot.
Before making any trades, it's critical to do your own analysis and follow your trade plan.
As always, it's essential to approach investment opportunities with care and caution. But if you're ready to take a calculated risk, this could be an exciting opportunity for you. Happy trading!
Merit Circle (MC) formed bullish AB=CD for upto 22.50% pumpHi dear friends, hope you are well and welcome to the new update on Merit Circle (MC) token with US Dollar pair.
Recently we caught almost33% pump of MC as below:
Now on a 4-hr time frame, MC has formed AB=CD move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
META Ready to Get HammeredMonthly chart on META
META has been on a bull run for a year. Take a look at the Heikin Ashi green candles in the uptrend. Not one red candle.
META is now showing first signs of weakness. In last two months, candles formed lower highs.
A huge AB=CD pattern is nearly complete.
META to make one run up to 360 before going down to 280 and then to 200 levels.
MATICUSDTIs MATICUSDT getting ready for some serious bull run?
It seems like the MATICUSDT is in the formation of ABCD pattern.
If the CD leg plays perfectly it will be a sky rocket.
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.
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.
NZDCHF PlanFirst thing we are doing is longing it to its PRZ area. We have set the 1:1 risk ratio and after that at PRZ we will look for a divergence as per the Harmonics and if it forms the divergence then we will short it on reversal pattern or on simple Dow theory on LH and LL.
We are trading Harmonics in this and other information is on the chart. You can see the chart if you have any doubt. Thank you
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.
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!
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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.