Get started

Abcpattern

Gold... Let's talk about cycle ! Hello guys, Today is a magic day, I have waited to post you this trade for months. The last big guys on my radar are SP500 and NQ but there are not ready for now ! So about Gold : After years of consolidation (first a bottom range, then a breakout). Gold has finally reach today the magic 0.618fibs and complete, at the same time a perfect 1.23 fib extension on logical to achieve his ABC correction of a "potential" major B wave. If you want to compare with crypto, BTC after falling to 3300$ had reach this 0.618 too and then fall around 50%. "Potential" because at the time of writing, it's more or less impossible to predict the exact religion of the C, but one thing is sure for me : in this price structure, there is now a perfect trade with low-risk/high-gains ratio. A ratio with potential more than 1/10 reward. Indicator confirmation : RSI shows bearish divergence with potential H&S. If you like the idea, please support my (free) work with likes, comments, follows and shares ! Feel free to ask additional question. I'm always trying to answer you under my char or in PM. AGAIN THANK YOU FOR YOUR SUPPORT, WE ARE NOW MORE THAN 1500 ! In description you will find my others actives trades which are still in play for now ! (BTC, GBP, Silver, stocks) DISCLAIMER : I'm not financial advisor. I can"t be responsable for your losses. You trade at your own risk. And short is always risky ! I'm do it for my personal entertainment.
FX_IDC:XAUUSDShort
by KassandrA_dotcom
26
ABC trend reversal signal (fibonacci 3 point)Merry Christmas everyone and happy holidays! Welcome to another analysis, this time on the EUR/USD pair I use fibonacci retracements to look for support/resistance levels. I prefer to see prices respect the fibonacci levels from start to end. What im looking for is a retracement of minimum 38%, once this criteria is met I begin to plot the fibonacci projections tool to measure the most accurate future support/resistance levels This tool is also called trend based extensions on TradingView If price finds support/resistance above 50% projections, i am usually expecting a continuation of the impulsive wave or trend, but only after a pullback. From here I want to see support/resistance at approximately 11% projections and then trade in the direction of the trend. If price finds support/resistance below 38% projections I am expecting a trend reversal. In this chart you can clearly see support at 38% projections as price found buyers stepping into the market here. The buyers are fighting for the higher lows and a higher high is now expected. The most realistic target would be 1.28x at 78% ab retracement. Thank you for reading the analysis Please dont forget to like the chart and make sure to state your comments in the section below Thank you guys for all the support I really appreciate it! God bless
Long
by MikulovicFOREX
2
XRP ABC Correction Pattern $0.15 IncomingABC correction pattern from using the Day chart for XRP/USDT on Binance. Based on FIB Retracement, "C" would put us at the 1.618 level ($0.15043) which is a level I’ve been having my eyes on for a while now. With this ABC pattern it confirms that my previous thoughts could come true. Many see this as a bad thing however XRP at $0.15 is something many who bought at the ATH’s never thought they’d see again but guess what? Christmas will be special. I believe $0.15 is the bottom for XRP and the sooner we get there the sooner we can head to new ATH’s in 2020. Now is not the time to sell, we're so close to the bottom. When we go sub-20 Cents, that's the time to truly BUY!
Long
by tpsnb
AUDUSD ABC Correction ComingAUDUSD has bounced from a yearly low and is starting to show signs of a reversal pattern. Waves 1,3,5 are impulse waves which you can see broken down in the 5 wave (light blue). Waves 2 & 4 are corrective ABC waves (pink). The purple shows the completion of the first 5 waves which represents wave 1 (white) of a larger Elliot wave cycle. Wave 2 (white) would be the ABC correction of the larger wave 1 (white). Following the fifth wave (purple) is usually a larger ABC correction (pink) of the entire first wave (white). This upcoming ABC correction would represent wave 2 (white) of a larger Elliot wave cycle. Potential targets for shorts would be 0.67900 & 0.67500. If price consolidates around the 0.67500 and begins making a impulsive movement up we will look for a long opportunity. This long would potentially be wave 3 (white) of the larger Elliot wave cycle. Will update after the completion of the ABC correction. This is for educational purposes only. This is in no way intended to be financial advice. I am not a financial advisor.
Short
by csohrab
TLT, how do we predict time?A question traders ask themselves a lot, especially options traders is WHEN exactly price will hit certain targets. By using a Fibonacci timing tool that uses a high as point 1, a second later high as point 2, and the low in between them as point 3, we can project Fibonacci extensions that indicate potential trend reversals, or in this case aggressive extensions of the existing trend to the upside in TLT. One can see from the arrows in this 2 day candlestick chart how accurately the tool has worked is the past but where are we now? I think we may have topped short term and are currently in the B leg of an ABC correction (this is invalidated by TLT making new highs). We may top in the B wave next week (10/11) and if the B-C leg of the correction is equal in duration to the A leg then 10/29 may mark the bottom in the 130s, that is another timing tool one can use for ABC corrective moves. Please ask any questions.
NASDAQ:TLTShort
by TNasr
7
US 30 in ABC Correction? Road to ATH; in Handle of CupVolume lessens on rising prices, increases on downdrafts. RSI divergent. Small caps have reached .50 Fibo retrace off September's lower high. SP500 and Dow have a gap to fill down to the 0.50 Fibo. Three-day rally feels like a B wave, chaotic and widely fluctuant. If so, expect C wave down to the gapfill at the breakout point from Cup near 26300/SandP 2942. A hedged short here is probably a fair R/R as EOM 'window-dressing' is likely to finish what seems to be a modest correction. The ABC is consistent with Intermediate Wave 2 of a Primary wave 3; markets should enter third-in-third wave on completion of the modest correction. A severe tankoff would invalidate this hypothesis! IMO another major October downdraft is unlikely as these rarely happen two years in a row; but anything is possible in this mad market. Taking a small short position on indexes with the gap up in AM on 9/27; this gap will very likely fill in day; first week of October is likely to be choppy. Completing a corrective wave might coincide with positive trade news in Mid-October; if the outcome is disappointing expect a deeper selloff. Still very chancy. Indicators to watch: RUT strong support at 1500 (IWM 150, now trading near 153); small caps have been a leading signal canary. I'd close shorts with IWM at 150; DIA at 264; SPY at 294, if and when they get to these prices. An ABC complete wave could well provide launch point for next bullrun. Longer-term still Bullish going into New Year, I'm not convinced this appearance of H&S in the monthly chart is really going to rollover. We shall see! This isn't investment advice; just an idea, trade at your own risk; GLTA!
DJ:DJIShort
by DaddySawbucks
1