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AB=CD

Moderna (MRNA) ... Time for a shot in the Arm ?Moderna (MNRA). This is a potential long trade if it reaches my area of interest in my PRZ (price reversal zone). A nicely formed ABCD formation together with a Harmonic Crab / Alternate Bat (depending where X starts), come together in the mid to low $160s. (This also happens to come full circle to the recent December 2022 low.) This together with positive momentum hopefully sets up one or both of the targets objectives. I wouldn't chase this and beware of broader markets. Earnings are expected Feb. 23rd at $4.70. As always DYODD. I will monitor S,
NASDAQ:MRNA
by Steve666
GBPCAD shortGood morning traders, We are anticipating a GBPCAD Bullish reversal but we haven't reached our support as yet. Our ABCD bullish harmonic parten point D rests on our support cluster. We wwill now take advantage of this by shorting/ selling the GBPCAD to point D and wait for a confirmation to long/ buy the reversal. 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.
Short
by Mezzoforte_Privilege
EURNZD Long confirmation for MN Good day traders, The EURNZD has given us a signal clear as day. What to consider is that we are currently trading in a bullish ascending triangle, the resistance of our ascending triangle is above our resistance cluster, we have currently broken out of our resistance cluster and to top it all off we spotted a bearish ABCD pattern that is on it's way to get completed. We will now long the EURNZD to take our profits at 2.18774 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
2
S&P 500 Bearish IdeaThis price structure on the S&P is a very high probability bearish price structure. The primary bullish pattern in play is the orange bullish pattern where price is currently at C. The Second bullish pattern in play is the red bullish pattern where (Red B) is an extension of (red XA). The red B is the significant swing because it is an extension of its XA. The blue bullish pattern in play will likely fractal ( where it becomes a left wing on a larger bullish pattern ) before reaching the downside target area. (Notice all three bullish patterns are at/near their C points) The two bearish patterns that are highlighted are valid Unions so those are the patterns that validate the price structure. The larger cream bearish pattern and the smaller blue bearish pattern are what create the bullish patterns in play. This next move down should be significant and it is possible my downside target area is conservative. I consider this the final leg of the bearish cycle which I anticipate will create a bottom. I am anticipating that price will hold at/below the Red A swing.
SP:SPXShort
by Divi
WAVESUSD: Higher Timeframe Support Zone ReclaimedThere is currently an active Bullish trade setup on the Intraday Timeframers that could take it up about 20% but when looking at the context of the higher timeframe i can see the weekly candles reclaiming an old Congestion Zone which could set it up to make a macro recovery. In the scenario of a Macro Recovery i think it could go all the way back up to the 0.886 retrace and if it's feeling even more Bullish it could go all the way up to the 1.414 Extension.
WLong
by RizeSenpai
1
CHFSGD W1 & MN ShortGood day traders, Although we are currently bullish on the lower timeframes, swing traders are looking at the overal out look of the CHFSGD. The CHFSGD has been consolidating between our Support and Resistance levels for a couple of years now. It has recently respected our resistance level creating a possibile bearish trendhike. We saw a bearish confirmation it bounced off a bearish trend line in the previous few months. We will wait for a slight pullback and sell the CHFSGD down to our support. 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.
Short
by Mezzoforte_Privilege
Snap Inc. (SNAP) ... More than Finger Excercise ??I am always intrigued with patterns (harmonic) within patterns. Snap Inc. (Snap) fits that bill. (1) The Original pattern is a Cypher, which began life around Dec, 20th 2022. Target 1 has been met and I have marked Targets 2,3 and 4. (2 ) Coincidentally this is may be the beginning of a larger bearish harmonic pattern, whose beginning I marked as last September. The extent of Leg D is undetermined , but it has the potential of forming a harmonic Butterfly, Bat or Deep Crab These objectives have also been marked. (3 ) Not withstanding the above, recent price action appears a little extended and I have marked an Extended ABCD pattern as a short term reversal point. This may cause a pull back to 1/3 to 1/2 of the recent rally. This area is also outlined. (4) I have also marked the AC leg of this potential Butterfly/Bat/Deep Crab harmonic with an extended dotted line. The fact that this was broken today is a good thing , although often price action through a trendline often requires a retest. Of course everyone is waiting for the Fed's action tomorrow. So pay attention to broader markets, be nimble and cautious. As always do your own due diligence. I will update as necessary. Good Luck S.
NYSE:SNAP
by Steve666