Bat
BTC - Bearish Shark, Bat, and ButterflyHello All,
There seems to be a confluence of patterns that are all lining up at one point on the charts, 31.1k. The Bat in Red, Shark in Blue, and Butterfly in Purple. There surely will be a reaction at this level. Whether this is a pivot to see lower low's past the 24k mark is unknown. There certainly will be a reaction up here though. Thanks for viewing my Idea!
DAX - last chance to return to growth- Business sentiment still weak, but first signals of recovery appearing
- Investors sentiment rather gloomy, however no more rate hikes expected
- All major indices in downtrend and all at important support levels (except HK50)
- DAX at Bullish BUT D-Point and at FR 0.382. If support cluster is broken, next one goes down to 14250 and next to 13640
Japanese Currency Index: Harmonic Bottom with RSI ConfirmationThere is a Confluence of a Bullish Butterfly and a smaller Bullish Bat visible on the 5-day and Weekly timeframes on the JXY as the RSI ticks out of the oversold zone for the 4th time at this level while making higher lows each time. It would seem as if the JXY is confirming to us that it has reached a Harmonic Bottom and is preparing to rise up to some of the longer-term moving averages, with the highest being at around $89-$95. During this time, we have seen the JXY continue to strengthen against other non-USD currencies, but now it's starting to look like not only will the JXY rise but that the Yen will gain dominance against the Yen, and when this happens, I also expect the JGB Yields to rise significantly. So beyond my forex positions, I will be adding YCS puts to my list of Bullish JPY positions. YCS is a 2x Return of USDJPY so if JPY starts to go up from here, this ETF could really crash down fast.
Analyzing for Aggressive Shorting and Buying Setups!
USDCAD presents multiple potential opportunities, with a current focus on a shorting prospect.
Weekly Chart Influence:
The weekly chart displays a Double Top Retracement, guiding the overarching trading decision.
Approach Considerations:
While an aggressive trade might opt for an immediate shorting entry, I'm choosing a more cautious approach.
Short Trade Options:
Daily Chart: Eyeing a Type2 Bearish Shark Pattern for a potential retest at 1.3744.
4-hourly Chart: Noting a Bearish Bat Pattern completion at 1.3770.
15-minute Chart: Considering a Bearish Shark Pattern projected to complete at 1.3733.
I'm interested in your perspective. Which of these setups resonates with you, or do you have an alternative approach in mind? Share your insights below!
Capitalizing on the Bearish Trend
The entirety of the NZDUSD landscape is signalling a potential shorting opportunity.
Technical Insights:
The volatility trendline, once a counter-trend reference, has been breached and closed below. Now, we await a retest of this trendline as an entry point for a shorting opportunity.
Extended Target:
For those inclined, extending the target to the completion of the Bullish Bat Pattern on the Weekly Chart at 0.5626 could be a strategic move.
Always employ your own risk management strategies and validate with your analysis. What's your perspective on NZDUSD? Share your thoughts below.
Cashing in on Potential USDJPY Pullback Profits!
The USDJPY pair continues its strong bullish movement, even on the Weekly Chart, reaffirming the prevailing uptrend.
Counter-Trend Strategy:
As a counter-trend trader by nature, I'm on the lookout for shorting opportunities.
Trade Possibilities:
Weekly Chart: A potential Bearish Fib-3 Bat pattern could offer an entry point for a pullback trade. However, I'm mindful of not waiting for excessive confirmation and potentially missing out on a 300-pip profit potential.
Daily Chart: Keeping an eye on a potential Bearish Crab Pattern confirmation at 150.43.
Intra-Day Traders: Consider waiting for the completion
of a Bearish Shark Pattern at 149.96.
I'm curious about your trade plan. What are your thoughts? Feel free to comment below.
Bullish Trend Perspective
Weekly analysis indicates a sustained bullish trend for EURUSD.
Trading Strategy:
Monitoring the 1-hourly chart for a potential Bullish Bat Pattern with an entry point at 1.0533.
Cautionary Note:
It's crucial to observe that point C touches point A in the formation of the Bat Pattern. This warrants caution and prevents me from placing a pending order to engage the trade.
Remember to conduct your own due diligence and manage risks appropriately. Happy Trading!
nifty nifty in take support 18159 to 18552 as per fibonachi golden zone, rare chance of 18750 taking support, i belive 18360 is strong support , i i am also expecting chrismas and newyear selling in this two months november and december ready to welcome bear market
DAX - at important support level- German economy is not in a perfect condition, but markets may neglect the fact (as usually)
- Price is contracting, filling the downward wedge (gray lines). The lines cross exactly on the level of FR 0.381 (14'702)
- Now, the price is completing the ABC 1:1 correction pattern (at 14975) which seems to be respected.
- If ABS is broken down, the next very important support will be the earlier mentioned FR 0.382, where the BAT pattern D-Point sits as well.
Bullish Bat Pattern?Looks like a bullish bat pattern is forming. Could bottom out at around 64.65 ish. This market seems broken, however GEHC is trading around 15X FY24 earnings. This stock is cheap also with a nice growth trajectory. Looking for a beat on top and bottom for Q3.
XU: “BAT” Setup on “Limit” Buy Stop Entry (36/100)System has identified a “B&R” playbook setup and “depletion” entry during the third hour of the LONDON 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in LONDON and only using only certain pairs. The win rate and expectancy are unknown. Please do not take these trades.
Cypher, Bat, Butterfly Potential multiple patterns forming for at least one to hit. Thinking that there are so many patterns up at the 29.5k level, this could be a B point for a larger Harmonic move lower. Ultimately the algo bots will see these Harmonic patterns with a certain move down at the PRZ. Whether it stays down is another discussion.
Blue = Cypher
Red = Bat
Green = Butterfly
#sbilife to buy in bat harmonicsSbilife is making harmonics bat pattern
The pattern will be confirmed only after touching 1304
If the prices breaks 1325 , pattern will be failed and cannot make any position
Have to wait and check for the confirmation
If its makes perfect
The entry will be @ 1304
Sl @ 1297
Target @ 1315
# educational purposes only
Strong Bullish Trend for High Returns!The USDJPY is currently experiencing an upward trend. To capitalize on this trend, I plan to wait for a chance to buy at the Fib-3 Bat Pattern completion on the 1-hourly chart at 149.09.
However, it's important to note that both the 4-hour and daily charts show a Bearish Harmonic Pattern that completes at a similar level of 150.41. As such, it would be best to wait for a candlestick pattern completion before considering a counter-trend trade.
USD/JPY Daily Analysis: Seizing the Bearish bat pattern 📉Shalom, tradingviewers, from the holy city of Jerusalem! Where I live right now, in the neighbourhoods of kindness. Thanks to the Creator 😀 Its a great pleasure to share my precious insights with you as always.
Today, we embark on a journey, where the USD/JPY currency pair beckons with a compelling setup on the daily timeframe:
📌 Technical Analysis Highlights 📌
🦇 Bearish Bat Pattern: Picture this - the price action has masterfully crafted a bearish bat pattern, renowned for its impressive win rate. This pattern has gracefully steered the price towards a pivotal point at 149.500, none other than the D leg of this harmonic formation.
📉 Anticipating a Correction: Now, as we stand on the precipice of change, the RSI indicator chimes in from a highly oversold territory, casting its vote of confidence in this scenario. And there's more - a bearish divergence has been evolving over the past two months, reinforcing our bearish outlook.
📈 Trade Strategy 📈
With these potent technical signals as our guide, we take action. This daily analysis caters to those with a broader perspective - a long-term vision of the markets.
📊 Long-term Targets 📊
1️⃣ First Target: 144.750
2️⃣ Second Target: 141.000
3️⃣ Ultimate Target: 135.000
While this daily analysis provides a panoramic view, remember that shorter timeframes may offer opportunities with tighter stop losses. Trade wisely, manage risk diligently, and may your trades bring abundant success! 🍀
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you want more qualitative insights like this one 🌊🚀
#Silverm making bat pattern#silverm is making harmonics bat pattern
The pattern will be confirmed perfectly only after touching 69525
If the prices breaks 70000 , pattern will be failed and cannot make any position
Also the silverm breakdown the trend as shown in the chart
If its makes perfect
The entry will be @ 69525
Sl @ 69370
Target @ 69790
# educational purposes only
UJ: “Bat” harmonic Setup on “Limit” Entry (25/100)System has identified a “BAT” playbook setup and executed a buy “limit” entry during pre-market of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
/ES: Bearish Bat with PPO Confirmation Could Take It Below $4250There is a Bearish Bat with PPO Confirmation and MACD Bearish Divergence visible on the Hourly chart and if it plays out, it is very likely to bring us down to $4250. If that doesn't hold then it could go down to or even below $4000.
UJ: “Bat” Harmonic Setup on “Limit” Entry (21/100)System has identified a “BAT” playbook setup and a pullback to what would’ve been a “limit” entry outside trading times during the pre-market ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
📈🚀 Exciting NASDAQ Buying Opportunity! 🚀📈Fellow traders, listen up! We've got a promising setup on the 4-hour timeframe for NASDAQ that's worth your attention:
📌 Technical Analysis Highlights 📌
💰 Reversal Strategy: After securing nearly 1000 points with short positions, it's time for a strategic shift towards buying opportunities.
🦇 Bullish Bat Pattern: The price action has completed the D leg of a bullish bat pattern, signaling the potential for a bullish reversal.
📈 RSI Confirmation: The RSI is in highly oversold territory, providing a strong confirmation of the setup.
🕯️ Candlestick Insight: Notably, the price is already bouncing, setting the stage for a potential rise during the American session this afternoon.
With these compelling technical signals, it's a prime time to consider a long position on NASDAQ. Keep a keen eye on the American session for potential market-moving developments.
Aim for the 0.382 fibonacci as a TP1 and the 0.618 as the target
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🌊🚀
