XAUUSD GOLD AB=CD BEARISH PATTERN GOLD has formed on its minute chart an advance harmonics pattern AB=CD.
The price is trading the short entry level.
EL: 1919.92
ST: 1919.92
TARTGETS
38% AD: 1911.48
62% AD: 1904.35
62% AD: 1899.44
AB=CD
AUDUSD AB=CD BEARISH AUDUSD has formed an AB=CD bearish pattern on its hourly chart.
The price is there coming down again
stop: 0.66717
Target:
38% AD: 0.66425
TSLA Bearish Gartley with entry on intradayI want to be a seller of TSLA at 274$ because:
- D point of ABCD pattern completion in the Daily is at 266$
- D point of ABCD pattern completion in the 10-min from previous day's low shows a sell signal if the stock trades at 271$. However, I acknowledge the steep bull trend the stock is at, therefore I am going to put the entry at the 1.27 extension of this ABCD pattern which is 274$.
- That area is at the 0.78 retracement from the previous high of the big ABCD pattern in the big picture which has to be taken into account considering that this ABCD might become a bearish Gartley pattern in the bigger picture.
- I am going to use a 6$ stop placed at 280$. WHY 280? Because I consider that if we trade beyond that level, the patter is no longer valid.
Wolfe Pattern + AB=CD Reversal ZoneTaking note of a few items on the ETH/BTC chart.
After the SEC Binance and Coinbase legal complaint there has been a noticeable drop of in ETH/BTC's performance. This deviation from the trendline might mark a shift in the trajectory for eth for a while. OR, it was a fake-out, and can be seen as such.
On a higher timeframe the chart has been correcting. If elliott waves can be counted, perhaps this is near the end of a corrective wave 2.
There are noticeable pivots to identify a rather clean 0.618 AB = CD.
I've also indicated the path/plan for a wolfe pattern trade setup.
Worst case scenario might result in eth revisiting lows near 0.04 BTC, to complete a higher time frame Gartley pattern.
PANW Daily ABCD shortAn ABCD pattern has formed in the Daily in PANW at 247$. However, today tested the 250$. I think that if sellers are around, they should come in at 250$. I am inputting an order to sell at 250$ for a few days knowing that I might already be late. My stop is very tight, 4$ above at 254$.
I am hoping for a retest followed by a selloff. If we don't get the retest, I will not get in because the stop would be too big.
BTC Bearish ABCD Setting up to Drop Down Towards $16,741Recently, BTC has been showing promise to begin a macro breakout and run up to over $100,000, but even more recently on the lower timeframes, it's been giving off some bearish signs at a Bearish ABCD PCZ that we could actually go back down to around $16.75k from here before actually beginning the true run up towards the 6 digits.
We have made three Consecutive Lower Highs on the RSI and are likely setting up for a Double Bearish Divergence on the MACD; if we come back down to test the levels of 16.7k, that would be the secondary test of the 1.618 Butterfly PCZ to which we could then more confidentially rise from.
AUD/USD Bear trade IdeaPotential trade setup for AUD/USD, its likely to break the rectangle on downside and complete the the Harmonic pattern AB=CD
EUR-CAD|POSSIBLE REVERSAL|LONG SETUP|HARMONIC TRADINGThe current technical analysis of the EUR-CAD currency trading pair reveals an DECREASING trend that has been shaping from last few hours. However, there is also an indication of BULLISH divergence and presence of Bullish AB=CD HARMONIC pattern suggesting that the bearish momentum of EUR-CAD may be losing its momentum.
Looking at the charts, we can see that the price of EUR-CAD has been steadily FALLING forming Lower Highs and Lower Lows, indicating a clear down trend.
However, there is a notable bullish divergence pattern emerging, indicating that the bearish momentum may be losing steam. While the price of EUR-CAD has been decreasing, the Relative Strength Index (RSI) has been showing a upward. This divergence between the price and the RSI suggests that the price may be oversold and due for a correction.
Considering all the technical indicators, it appears that the EUR-CAD currency trading pair may take the bullish movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a LONG TRADE if it breaks the ENTRY PRICE.
Risk to Reward Ratio is suggested to 2% of the total portfolio.
Sharda Corp ViewSharda Corp best for short term swing trade gave BO with high volume and retest also done. Entry 520-530 SL 472 target 596 and 670 with in next 2-6 months.
Bearish ab=cd on GBPUSDGBPUSD has formed an inverted head and shoulders on the H1 timeframe and is heading towards last week Friday's peak. Within this formation, a bearish AB=CD pattern coincides with the hesitation zone. PRZ tips suggest that a convergence of Fibonacci numbers and specific price patterns provides a highly probable area for a reversal. The PRZ aligns with the Hesitation Zone, which is a valid resistance point, so price may face strong resistance.
AUDCAD - CTS Trade (How to Identify Key Levels of Structure)In today's video we're looking at a structure-bases CTS trade. CTS stands for Combined Technical Score & it was a method taught to me by my trading mentors as a way to stay consistent with what we're looking at & with what we value in the market by creating a list of technical factors & assigning them a point score.
I'll also show you how I go about identifying key levels of structure so that I know which areas of the market to lock in on.
If you have any questions or comments please leave them below.
Akil
#23 NZDUSD Double ABCD and 0.618 Retracement from last swingThe last leg was preceded by an ABCD, which expanded to the 1.618 extension. I hope that the same thing happens now. There is a 1.618 ABCD expansion from the lows, in a 0.618 retracement from the last swing high. My stop is 50 pts higher. I am entering at the market now at 0.62282
harmonic pattern formed in Ashok leylandharmonic pattern formed in Ashok leyland, target defined in the chart
ABCD pattern also formed
NZDJPY - Bearish AB=CD Harmonic Reversal PatternHi Traders,
on above chart, I am looking for buy opportunity in first phase on breakout of B point and if D point trigger that would be a potential reversal zone, I would take 2nd trade of short sell on trend reversal.
follow my idea as per my trade plan, if you agree with my idea.
EURAUD ABCD in the major trendABCD measured move. It has paused into a Trading Range for a while. A reversal might be unfolding. Im buying at 1.5871 with the stop 50 pts lower
NZDJPY ShortNZD/JPY is displaying a potential head and shoulders pattern, indicating a possible trend reversal. The left shoulder, head, and right shoulder form successive peaks, with the head being the highest. A neckline connects the lows between the shoulders. If the price breaks below the neckline, it could signal a bearish move. Additionally, RSI divergence suggests weakening bullish momentum, supporting the bearish case. Furthermore, there is a possibility of an AB=CD pattern, indicating a potential target for the downward move. Traders should monitor the price closely for confirmation of the pattern and consider risk management strategies before making any trading decisions.
GBPUSD Bearish GBP/USD is showing a head and shoulders pattern, suggesting a potential trend reversal. The neckline break would confirm this bearish signal. Additionally, RSI divergence indicates weakening bullish momentum, while the AB=CD pattern suggests a potential target for the downward move.
Butterfly possible? Any help is appreciated Ive never used butterfly patterns but thought this looked close to one....Perhaps it's possible 🤔
If you could offer any insight I'd appreciate it, thanks
US OIL - Potential upside move to 78.00TVC:USOIL After the Gap up on Monday we got a nice retracement back to the 61.8% level yesterday followed by a 200 point rally.
Now there is the same pattern on a smaller scale but the same set up.
if it holds above 71 then the intra-day upside target is 73.00 but there is a chance that on the higher TF we could get to 78.00.
See how this one plays out.
I will post updates as it goes along.
GBPCAD 4H ABCD into a Major Resistance AreaHere I can see an ABCD pattern unfolding into the previous Trading Range (TR). The completion area is in the resistance area of the previous TR. Therefore, I hoping for sellers to come in there. I am inputing an order at 1.69 with a 50 point stop.
Long oppourtinity in nifty. The AB = BC harmonic pattern is a technical analysis pattern used in financial markets, particularly in the field of harmonic trading. It is based on the Fibonacci ratio and seeks to identify potential reversal or continuation points in price movements.
In this pattern, the length of segment AB is considered equal to the length of segment BC. This equality suggests a potential symmetry in price action and implies that the market may exhibit a similar price movement from point B as it did from point A.
Traders who follow harmonic patterns use this information to anticipate future price behavior. They look for other technical indicators and confirmations to support their analysis and make trading decisions accordingly.
It's important to note that while harmonic patterns can be useful tools in technical analysis, they are not foolproof and should be used in conjunction with other forms of analysis and risk management strategies
