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AB=CD

NZDJPY ABCD 1.27 EXTENSION SHORT in 4HSelling at 90.8 with the stop at 91.5 (70 pts). It is the price at which the 1.618 extension (RED) and 1.27 (BLUE) from the same spot meet. The red leg formed a Trading Range (TR), and later on the Blue leg attempted a Breakout (BO) from the previous TR which failed, forming a Double Bottom (DB) in the TR. The failed BO trapped all the bulls that expected higher prices, but as the DB was respected and the price surpassed the top made at the BO (point X), I am thinking that more buying is about to come, and if we see 90.70 we should be selling into it as the marked has proven that big moves to the upside retrace deep.
Short
by Sergio_196
🛢️ USOIL: Bearish Breakdown Ahead! 🐻📉Get ready for an exciting bearish setup on USOIL (Crude Oil) that could potentially yield attractive profits. In the 1-hour timeframe, a compelling AB-CD pattern has emerged, signaling a strong trend reversal opportunity. The pattern's completion at 72.00 provides an optimal entry point for those looking to capitalize on a potential downside move. Adding to the bearish case, we've reached a critical supply zone where the 0.786 Fibonacci retracement level resides. Historically, this level has acted as a significant resistance, reinforcing the potential for a downward move. The RSI indicator indicates that the market is highly overbought in this area, hinting at a potential increase in selling pressure. This alignment of technical factors enhances the bearish scenario. In terms of candlestick patterns, last Friday night witnessed the formation of an inside bar break down. This bearish candlestick pattern strengthens the case for a potential decline in price. Considering all these elements, a strategic selling opportunity presents itself at the market opening. However, it's important to monitor for any potential price gaps above the supply zone, which could alter the trade setup. To maximize potential profits and manage risk effectively, we have identified several take profit levels along the way: 70.00, 68.50, and 66.70. These levels provide attractive exit points for traders to lock in gains. With a well-rounded analysis of technical indicators, candlestick patterns, and supply zone considerations, this bearish setup on USOIL offers an enticing opportunity to take advantage of potential market downturns. Happy trading!📉✨ Feel free to share your toughts in the comments section. And don't forget to press the like button if you think this insight was helpful 🚀🌟
TVC:USOILShort
by Thomas_Zito
3
Longing Visa today. VAB=CD pattern at the of this constellation. We have cracked the top side of ABCD triangle on a climbing momentum. Hugging the top 2s.f. line of the Bollinger bands on a slightly trending Bollinger MA. Chaikin does show dropping vol, but I believe this to be part in parcel of general Wave B behaviour. Could be developing an inverted head and shoulder pattern in B wave position, yet that scenario is still bullish, unlikely to cross stop loss. Fibonacci with Kennedy channeling gives some targets to ponder. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:VLong
by Rykin_Capital
GOLD ✪ POSSIBLE REVERSAL ✪ DOUBLE BOTTOM ✪ HARMONIC ✪ ONE HOURGOLD-USD is moving in BEARISH direction for a long time. However, in this technical analysis, several indications are presented which suggests the possible reversal of this precious metal instrument. Firstly, there is a presence of BULLISH divergence, instead the price is steadily DECREASING, the Relative Strength Index (RSI) has been showing a UPWARD movement which indicates that the BEARISH momentum of GOLD-USD may be losing its pace. Thus, this divergence between the price and the RSI suggests that the price may be over sold and due for a correction. Secondly, there is a presence of DOUBLE BOTTOM reversal pattern which also supports the idea of the reversal for GOLD-USD. This DOUBLE BOTTOM Pattern was observed at one hour time frame analysis. Based on above, it appears that the GOLD-USD 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 level. The Risk to Reward Ratio is suggested 2% of the total portfolio. Best of Luck..
TVC:GOLDLong
by haroonsiddiki
GBPJPY Bullish outlook for D1Hi traders, We noticed a few key points we want to share with you today on the GBPJPY. We have an incomplete bearish ABCD harmonic trend hike. Once completed, we will expect to see another bearish wave. We have a bearish trend line that has been respected that is yet to be tested again this coming week. Should we break through, we will have our final confirmation for a bullish reversal on the daily timeframe. For scalpers, we recommend place a stoploss in your profits and wait to see if it breaks out. If it does, you can hold the term. For swing traders, we recommend waiting for for the breakout, followed by a restest and then enter for the term. Do you agree? Please share your thoughts 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
1
🥇Gold🥇will fall with Bearish AB=CD Harmonic Pattern⚠️Gold is moving near the 🔴 resistance zone($1922.6-$1919.8) 🔴. The cluster of Fibonacci levels is well visible in the resistance zone. Also, the Bearish AB=CD Harmonic Pattern can be seen. I expect gold to decline again to a 🟢 heavy support zone($1904-$1886.40) 🟢. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
31
TSLA Bearish Gartley with entry on intradayI want to be a seller of TSLA at 274$ 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.
NASDAQ:TSLAShort
by Sergio_196
22
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.
Long
by wildhood
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.
INDEX:BTCUSDShort
by RizeSenpai
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.
Long
by haroonsiddiki