AB=CD
EURGBP Bullish ProjectionsIt has been assessed that the trend was going in an ascending manner then it went sideways and a little downwards making a perfect flag. Projections of Profits and Bull Run were measured using AB=CD harmonic pattern. So in my opinion it should reach it Potential Return Zone from where we either will stick with same rules or change the strategy.
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.
Swing trade about to happen on CZcoin BNBUSDTBNBUSDT is about to finish the 5th wave of a contracting ending diagonal. 12% drawdown can be expected as illustrated on this 1D chart. Price action on intraday below volume POC.
According to my wave count, BNBUSDT is likely to be enter in a 5-wave swing-downward correction to made a lower low amid 160 USDT price @ least extending down 1.618 from the ABCD reciprocal harmonic pattern displayed.
In a Wickoff method perspective, the price tends to enter in a SOW phase, breaking-down this triangle structure, but a rally of relief can be expected as a potential growth of BTCUSDT for the next month open.
Oscillators:
*Fisher Transform;
*ESCGO_LZ (smoothed stochastic);
*Chaikin Money Flow.
This strategy was published for an educational study of the cycles of BNBUSDT market. You can see more of my progression on this short position by my previous posts.
GBP AUD Bull runIt has been assessed that GBP AUD pair is making perfect HHs and HLs without any divergence, so it is a continuation trend. Moreover, it is making bullish flag and with the support of AB=CD harmonics Potential Reversal Zone has been identified, from where it has great chances of reversal.
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.
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.