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Abcpattern

Will Past Resistance Become Future Support?This idea is based on some historical analysis of previous top patterns in addition to some Elliott Wave analysis. One of the things to note is that every major high and subsequent deep correction that has occurred since the 2017 high has exhibited 1) a high, 2) a rapid drop or dragonfly candle that quickly gets bought up, and 3) a subsequent lower high. Only on one occasion was the subsequent high slightly higher than the first high. These highs + lower highs, split by rapid drops or dragonfly candles are circled in blue. So it appears, historically speaking, that these types of patterns are good predictors of top formations and subsequent deep corrections. Further, the Elliott Wave analysis shows a structure that is already quite extended in the 5th wave, also suggesting a correction is due. And assuming the bear market is over, and the low is in, this entire EW structure could represent a broader wave 1 which usually correct quite deeply, to fib. 0.618 or more. One of the reasons that I think we may correct deeper than fib. 0.618 is that there have been no tests of the area between previous strong resistance (the top of subwave 1 of the Elliott Wave structure around $4.4k) and the $8.4k region high. And one of the rules of TA in healthy markets is that previous resistance becomes subsequent support. That hasn’t happened yet. The $4.4k region was an area of strong resistance which we have yet to test and transform into a strong support, upon which to base a subsequent healthy bull trend. There are also a couple of trend lines. The lower one in thicker green is the trend line for the $3.2k low and the subsequent $3.4k higher low. The second trend line in lighter green uses just the $3.4k low and the last low before the start of the parabolic price movement in the $4k region. The target price area lies between these two trend lines. The ABC correction depicted has two targets. The first is the end of the A leg in the mid $5k’s. This is likely to get bought up quickly resulting in a bull trap B leg which is common of ABC corrections retracing to fib. 0.5 or 0.618 of the A leg. Followed by the C leg of the ABC correction down to the mid $4k’s or lower. Final Target: $4k-$5k
BITFINEX:BTCUSDShort
by dalmazio
1
Ethereum - Think Fast.Don't Think Twice..BITFINEX:ETHUSD Weekly Analysis - B'coz Timing is Everything. Potential Bearish Shark Pattern 0.886/1.13 Potential Bearish ABCD 1.27/1.618 Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886/1.13 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels This is an adjustment from the previous Monthly analysis. The Money Journey - Hope for the best and prepare for the worst. Press the Like's button (Min +10) to get an update analysis on the spot and let's Reach Your Dreams by Following My Journey's.
BITFINEX:ETHUSDLong
by EchoLAB
Apple down to 165$ in ABC move before a 12345 up long termIs Apple in for a big downward move? If the current wave is an ABC from 12345 up (End 2018 to start May 2019), then we are probably in B of ABC down. Crossing Red line around blue arrow would make this analysis doubtful and at 200 level it would be improbable. If it is correct we will see Apple at around 165 before meaningful bounce back. On an even larger scale this ABC should be followed by one more 12345 up for a wave 5 coming near the level of wave 3 or beyond. After this one will be a collapse of Apple in an ABC from the 12345 started in the early 90's. But by then -around 2040-2060- the water of the oceans will have reached our front door. (Which would explain the crash).
NASDAQ:AAPLShort
by Gethere2020
Ethereum - Just a Lil' BitBITFINEX:ETHUSD Monthly Analysis - Adjustment Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886 Potential Bearish Butterfly Advanced Pattern AC 0.382-1 XD 1.272 Potential Bullish Bat Pattern 0.886 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels This is an adjustment from the previous Monthly analysis. The Money Journey - Hope for the best and prepare for the worst. It's strongly recommended to avoid other traders who tend to make lots of charts with different or even in the same perspectives over and over. They have a low win rate and it's clearly seen only chasing popularity with their lack of experience and abilities. ]
BITFINEX:ETHUSDLong
by EchoLAB
Bitcoin - Snap Snap SnapBITFINEX:BTCUSD Monthly Analysis - Just Refresh Potential Bullish Shark Pattern 0.886 Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels Hello.. there is no necessary update from previous weekly chart analysis and Hopefully it will stay this way untill next month :) The Money Journey - Hope for the best and prepare for the worst Press the Likes and Follow button even if you don't want to.. that's just what is called "Thank You for all your Support" :)
BITFINEX:BTCUSD
by EchoLAB
GBPJPY : SAE IV - ABC FeverFX:GBPJPY Monthly Analysis Bearish Shark Pattern Target 0.886 Corrective Wave (ABC) Potential Bullish Gartley Advanced Pattern AC 0.618-0.886 BD 1.272 Potential Bearish Gartley Advanced Pattern AC 0.618-0.886 BD 1.272 Potential Bullish Shark Pattern 0.886 (unconvincing a-c?) Potential Hidden Bearish BAT Pattern 0.886 (Weekly Timeframe) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels Hedging Strategies activated Buy again targeted 2nd red zone This is an update from previous weekly chart analysis The Money Journey - Hope for the best and prepare for the worst Press the Likes and Follow button even if you don't want to.. that's just what is called "Thank You for all your Support" :)
Short
by EchoLAB
Ethereum - Snap Snap SnapBITFINEX:ETHUSD Monthly Analysis - Just Refresh Potential Bullish Shark Pattern 0.886 Potential Bearish Bat Advanced Formation Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels Hello.. there is no necessary update from previous weekly chart analysis and Hopefully it will stay this way untill next month :) The Money Journey - Hope for the best and prepare for the worst Press the Likes and Follow button even if you don't want to.. that's just what is called "Thank You for all your Support" :)
BITFINEX:ETHUSD
by EchoLAB
8
GBPJPY : SAE III - Where's Wally Now?FX:GBPJPY Weekly Ahead Analysis Bearish Shark Pattern Target 0.886 Corrective Wave (ABC) Potential Bullish Gartley Advanced Pattern AC 0.618-0.886 BD 1.272 Potential Bullish Shark Pattern 0.886 (unconvincing a-c?) Potential Hidden Bearish BAT Pattern 0.886 (Weekly Timeframe) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels Hedging Strategies No Brexit Hope for the best and prepare for the worst This is an update from previous weekly chart analysis ~ The Money Journey
Short
by EchoLAB
[QANTAS] BEARISH SETUPHello Traders! From a technical point of view, possible completion of impulsive structure (12345), so we expect some corrective structure ABC. We will try to take short position as shown on chart, limited risk and good R/R Ratio (> 1:3) COMPANY PROFILE Qantas Airways Limited is an Australia-based company, which operates domestic and international airline. The Company is engaged in the operation of international and domestic air transportation services, the provision of freight services and the operation of a frequent flyer loyalty program. Its segments include Qantas Domestic, Qantas International, Jetstar Group, Qantas Freight, Qantas Loyalty and Corporate. The Qantas Domestic, Qantas International and Jetstar Group segments include passenger flying businesses. The Qantas Freight segment is engaged in the air cargo and express freight business. The Qantas Loyalty segment is engaged in the customer loyalty recognition programs. Its main business is the transportation of customers using two airline brands, which include Qantas and Jetstar. It also operates subsidiary businesses, including other airlines and businesses in specialist markets, such as Q Catering. Its airline brands operate regional, domestic and international services. Sector: Industrials Industry: Airlines Employees: 29.359 If you think this analysis can be useful and you want to receive new updates about this idea, click on LIKE button! Thank you for support and trade with care!
ASX:QANShort
by TheAnonymousBanker
IS SHADY BCH READY TO ROAR ? Hello guys, I hope you are doing well. Today I like to discuss BCH and his possibility to be ready to ROAR. You already know I'm currently on a trade on LTC/BTC which is doing well! And now I'm looking for add at my personal trading a BCH/USD bullish trade. I'm looking at BCH/USD on a purely TA perspective, I'm not a great supporter of this coin I don't really like their fundamentals. Stop loss: -10% Potential gains: 100 to 200%. Looks incredible right? Everything is more or less in the chart. I think we have just finished our B correction in a bigger ABC. Happy trading! DISCLAIMER: As always I'm doing it for my personal trading and entertainment. I'm not a financial advisor.
COINBASE:BCHUSDLong
by KassandrA_dotcom
4
XEM ($NEM): ABC Correction is mostly done!Hi Guys, ABC Correction is mostly done and we should make profits soon! Currently XEM is bouncing significant support zone marked by previous low. Also, near is 1000sat price zone which i consider as a strong psychical support. If you look in more detail to Poloniex Order book, you will find a lot of buy walls slightly above 1000sat. Imo, good sign of new incoming traders. I guess, XEM going to visit 1060-1000 zone again to re-test this support. I'm going to wait for the results of this test because there is a still chance to go downward, deeply below 1000sat. If you like my TA, pls. hit that "like" button, follow me or leave your comments. Thx!
by AsBobbyDigital
AUDNZD Finally Seems to Have Completed the Weekly Chart Pattern!Hello Traders! AUDNZD made a big drop it was missing to complete a pattern I have followed for over 2 years!! Good News & Bad News! Bad News: The final piece of the drop happened in just under an hour, making it extremely hard to enter unless there were limit orders in play waaaay ahead of time. Good News: We may see some GREAT Bullish momentum coming from this pair in the next few weeks, allowing for some entries on trend continuation patterns along the way. your follows &/or like are appreciated.
Long
by DAVID_GIRALDO
US 30: Valentine's Day Massacre?All the good news is out. Prices pierced and fell back to TL. Price at 0.62 Fibo now. Sand P also at Fibo just a hair above 2700. Bear flag flying at tip of pennant. Can it get higher? Of course! 'Pumptards' are capable of infinitely irrational behavior. But will it? That is the question, to be or not to be more! IMO not to be more. Just an idea; the .62 Fibo retrace on this flag is down at 23K for Dow, that's 2K under current price. Would be a pretty penny if it sells to Fibo. Lotta folks calling for a 'crash' but I reckon an 'M' correction is more likely, the 'C' leg on that would be pretty steep, down at 1.62 Fibo brings 30 under 20K. Notice the expanding 'megaphone' corrective structure- ominous, wide open to lower prices. Expect a double bottom with a steeper drop on the secondary correction after the 'Christmas Crash.' Has been trending up for 40 days, as of Groundhog day on Feb 02 (Candlemas!). Timeframe for next leg on correction, based on comps from 1987, 2001 selloffs, is about 80 days from bottom-to-bottom: which puts the next low in late March/early April. Then expect super bully in late April into May before a June swoon. Just guessing. As always, this isn't even remotely anything like advice, just a crackpot harebrained idea. Trade at your own risk and consult a certified investment advisor please!
DJ:DJIShort
by DaddySawbucks
14