INJUSDTAccording to the resistance trend line and completion of the AB=CD pattern, I am waiting for a trigger for a sell position
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AB=CD
BTC-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. BITCOIN (BTC) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of BTC-USD pair till PRZ.
NZD-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. NZD-USD Forex pair is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of the instrument.
S&P 500 - Bearish ABCD Pattern on 1 hrS&P 500 has made a perfect Bearish ABCD pattern with harmonic ratios 0.618:1.618 on 1 hr which makes it a very significant pattern and it has already shown bearish reversal from the potential reversal zone (PRZ) and it has also made a bearish divergence that makes it very good trade for short.
USD/MXN - Bullish AB = CD Reversal Pattern - RSI DivergenceUSD/MXN has formed a bullish AB = CD reversal pattern and price is showing RSI divergence at Potential Reversal Zone. Price has also started printing higher highs and higher lows. Will take entry at break of HH and expect continuation of bullish trend.
CHFDKK CHFDKK we use here a harmonic tool name (AB=CD) . in this we see a bullish trend with no divergence . and we analyze that is should go to the (D) point . and at that point if the RSI shows diversions then its BEARISH Harmonic AB=CD pattern .and trend is reverse at that point .
SPY Daily Bearish IdeaThe red bullish pattern is invalid so I am anticipating it to fractal and become a left wing on a larger bullish pattern. The blue bearish pattern is valid so I am anticipating to create a new low into my downside target area. I am bearish on the weekly chart so this is a daily target on this particular pattern. I am trading the AB=CD into my downside target area. See related idea for the weekly target area.
Gold reached PRZAs mentioned in the previous analysis it has reached the PRZ now, now we will wait for first LH to be developed then we will short the gold.
Detailed Elliott Wave BTCUSD Analysis w/ HarmonicsThis is a very confusing consolidation under resistance set in May 2022. The strength of this trend corresponds what is expected for the kick-off of an Elliott impulsive wave 3. Please see my overview analysis here:
At this point, this weekend, I think there are two possible paths to complete a W3.2 (sub wave 2 of a superior wave 3): red, or teal. I favor teal - staying within the larger channel. My bearish view will be invalidated if the price moves strongly above the reversal point of the AB=CD harmonic. This will be laughably obvious.
Do not trade this without stop losses. (That might sound silly to mention, but, the system I use for trading does not provide an easy method for establishing stop losses - basically impossible to use or trust they will be triggered.) This might be a good way to estimate an entry before the beginning of wave 3.3. Cypher patterns are rather nice to trade. I expect that BTC.D will start to drop, so entries into alt coins might make sense at this point.
Good luck. Resist FOMO.
AAPL for shortThe trend has almost reached its Point to return zone, we can wait for first LH and LL to be formed and then we will short the trend.
The short we've been waiting forHere we are. I’m amazed that price went on from 1.20 to 1.25, such impressive movements from GBPUSD. I believe it’s now reached the point of exhaustion, the turning point to the heavy assault by the bulls. Here is an ab=cd pattern which has a potential reversal zone. This is the area where I believe price will reverse, however, I’m waiting for a confirmation before I pull the trigger. This confirmation will be known as a reversal pattern, once that’s been established, I predict price will go back below to test the LQP of 1.225.
Beacoup Pips.
GBP-JPY: POSSIBLE REVERSAL| SHORT SETUP | ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. GBP-JPY is moving in a bearish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Short Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ.
XAUUSD - AB=CD Harmonic PatternIn hourly timeframe of Gold chart harmonic pattern AB=CD is expecting to be formed , D point is the potential reversal point , trade plan is showing on chart
Bullish Gold with Estimated PRZIt has been assessed that the pattern is making perfect HHs and HLs, moreover, there is no divergence in the prices and moving trend. The Harmonic Pattern is developed by looking at the Fib @ 0.382 then BC projection is calculated @ 2.618 as standard. Once gold will reach at its PRZ it will return back. Why bullish because it is a simply a bullish flag. If it will not break the Buy Stop then we will change our strategy. Enjoy!
EURCAD H1EUR CAD is in a continuation bearish flag pattern but we are expected this is convert to AB=CD hormonics pattern.
Bullish USD JPY If it will break the buy-stop neckline there are wide chances that it will hit the TP point. After hitting TP it will enter the Point of the return zone, once it will enter there, I will devise the strategy for the new TP accordingly.
DXY BullishDXY can be bought if the price breaks above level B and can continue to be bought till D.
BTCUSD - Bearish ABCD Pattern on Daily Time FrameBTCUSD is making a bearish ABCD pattern. It has also made a bearish divergence and it has made a double top also (a small one). if the price breaks below the neckline then our ABCD bearish pattern is confirmed and BTCUSD will be in bearish trend.
GBP/AUD - Bearish AB = CD Pattern - Harmonics - RSI DivergenceGBP/AUD is forming a bearish AB = CD reversal pattern. Price is also showing bearish RSI divergence. A formation of double top is also completed near the potential reversal zone! Looking to short break of support!
