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Abcpattern

AUD Potential Swing Trade Short Opportunity. Looking to possibly setup a Short On this swing trade idea. This pair has been widely ranging for quite some time. DXY is the adjacent chart that can be used to reference possible movements for this pair. We observed a ABC Formation- Expecting a Double Top at the top around the ranging field. 0.75195 I am observing a rejection. But we still do believe that price action will raise this price a little more. So stay tuned on this up and coming short opportunity.
Short
by TiltonKy
BTC: PERFECT B REACHED, GOING TO C. After seeing so many patterns, charts, own mistakes in the counts, the only thing I really realized is that the whole life of the BTC formed a Cup & Handle pattern, perfect.Seldom seen. In the middle of consolidation, we now turn to C (corrective wave) and last within the handle. And this is where almost all traders have the doubt about the time and value that will take before the expected PUMP. I have two scenarios in mind, in addition to when the BTC goes to C it will retest many areas (fib levs) example the 900 area and pullbacks. C1: 650/750 C2: 450/550 (for me most likely) 450/550? yes Suggestions, advice, etc. are more than welcome. Thanks for the likes, the followers. You probably can not predict the future, but can design to benefit from the most likely events, minimizing the risks
BITSTAMP:BTCUSDLong
by AndresThomasShirakawa
16
ABC PATTERN IN GBPUSD - 1HHey guys, I have been posting charts on this pair but this is the last one I will post for Buys. We are probably having an ABC structure after a sharp impulse. Maybe this ABC could turn into a more complex correction but by now I bet it is making a Flat ABC. I am expecting it to brake the low and reverse somewhere between 1.2410 and 1.2339, then I will trade the move up, hopefully another sharp impulse. If it makes a sharp impulse until 1.2839 we will complete the H4 three wave structure and I will start looking for sells. Carlos
Long
by ccerezo11
2
Gold Ends the Week touching the 1221 Resistance LevelGold rose higher today after shaking off a selling spree after the NFP numbers were released. Prices fell right to the 6 day moving average before buyers stepped in and gold prices rallied. Prices continued to move higher right up to the closing bell and the action stopped @ 1221.6. Let's see what happens next week but if price can finally break through the 1221 and close above it (yes, I know, I've said that before :) ), the first target would be 1241, the .618 fib extension of the (A) wave. However, if this is truely going to be an ABC pattern, then price will hit 1278.6, the full 1.0 measured move. Here's the simplified Heikin-Ashi chart. Although we are in a solid green uptrend, today's candle was an inside candle which suggests that it might take price a couple more days to blast through the resistance. Here's the weekly chart. Notice that price on the weekly is now right at the midline of the BB. That's equal to a 20 day ma. If price moves above here, the odds are good that it will move to at least the blue BB at 1284. The final chart I want to look at is a monthly Heikin-Ashi chart. January ended as a red inside bar and so far, the February action has been all green. If price continues to rise, February could be a great month for the bulls. Have a great weekend!
COMEX:GCJ2017Long
by GoldBands
RED VS BLUE EURUSD H4FIRST AND FOREMOST... BOTH red and blue are A B C corrections. Red is the LONG Version and BLUE the short.. "IF" the market turns now... and Wave A completes here, we will be on the blue path. It would still meet the guidelines of closing within the "area" of 4. "IF NOT" and prices goes to the long red A then that too meets the guidelines of closing within the 'area' of 4. Every thing after that is what I suspect will happen correction wise after the main conflict of Red vs. Blue is over. IN EITHER CASE, I made this chart as a CORRECTION to my "Follow the yellow brick road" chart.
by Trillionschifer
BTC continues to consolidate, on the way to a perfect call!!! Nothing is more difficult than to make a good count inside a handle and try to identify the waves correctly (especially with a BTC like the one we have lately), so I went to my old Elliot teacher. The B wave was formed a few days ago and now we are on our way to C. All within the consolidation phase. The BTC is on its way to retesting the 780/700 range (-25%) ideal for getting long or how other traders wait for it to break the neckline of the cup. I apologize for the comings and goings of the charts, but welcome to Bitcoin. The only thing certain is that the whole life of the BTC formed a perfect cup and handle pattern, a perfect retracement, an increase in volume in the perfect handle and now what would be missing is most important to identify C to get LONG. 100% TA 0% FA on this chart Good trading, good profit for all!
BITFINEX:BTCUSDLong
by AndresThomasShirakawa
1
BTC it´s going to B targetThis is a zoom of the handle and its possible and total consolidation phase before the breakout. At this point we are on the way to forming B. Once formed, the trend will become bearish to reach the corrective wave C. If we have the knowledge or the luck of knowing that is definitely and finally marked the C, there will be a change of trend and will be the ideal time to get LONG to wave 3. Many traders get long once the price makes the breakout on the neckline. That remains in everyone and the risk they want to run. In short, my humble opinion is that the whole life of the BTC has formed a perfect cup, the retracement that began to form the handle was exactly -0.33%, the volume grew significantly in the handle (as they say the books) What will now be what the destinations will be and in what time will, B and C and form the break to reach the final target (3) Thanks to the followers and likes Nice trading, good profit!
BITSTAMP:BTCUSDLong
by AndresThomasShirakawa
3
ZOOM OF THE HANDLE PATTERN AND BTC UPTRENDThis is a zoom of the handle of the pattern in formation after finishing the cup. Possibly we enter inside a channel by the approach of the Bollingers and then form the wave B (impulsive) with those possible targets. We continue in the fourth and final phase (consolidation) to then correct B with the formation of C (2) and finally break up the resistance level of the handle and go in a bullish and strong direction towards wave 3. Thanks to followers and likes
BLong
by AndresThomasShirakawa