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.
AB=CD
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
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.
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.
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.
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
JPN225JPN225 (Nikkei 225) is showing a bullish flag pattern, RSI divergence, and a double top reversal pattern. Traders are advised to wait for a breakout below the last printed lower low point to consider a short trade, indicating a potential trend reversal in the market. Risk management is essential.
End of a trend?GBPUSD is trending upwards, but an AB=CD pattern could mark the end of the uptrend. The PRZ coincides with the LQP 1.275 and could serve as a resistance level for the pair. Price could play around this zone and go through to 1.275, or the resistance may be too much and cause a price reversal. Look out for extension patterns as the trend reaches its end.
Retest $25KThere are several converging factors to retest the 25K breakout. Two likely patterns are the bullish Gartley and/or inverted AB=CD, with a Potential reversal zone (PRZ) at $25.4K.
I shorted since prices went back into the 29K/26.5K range. If price reaches $26650, I will try to play the BC and CD waves of the Gartley.
Good luck with your trades.
gbpusd sellIn this analysis, after breaking that support line and strong fall, you can sell at the specified price and stop
. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade