BANK NIFTYHello and welcome to this analysis
Bank Nifty has activated a Bearish Harmonic Bat in daily time frame.
The anticipated retracement levels are 38-50-62% of the upmove. The view would be negated if it sustains above 41530.
As per Ichimoku Time and Wave Theory also we have a turn date activated. Until it sustains below 41530 it would remain weak. In case it breaks on the upside then the low of Friday October 28 would be considered as a stop loss for longs
Bat
BTCUSD - Harmonious Pattern - A-BatComparing with the standards of the A-Bat pattern, we see many matches (in %):
AB/XA = 38.2, exactly
BC/AB = 88.6 belongs to 38.2-88.6
It is expected that D will satisfy:
CD/BC = 333 belongs to 200-361.8
DA/XA = 113
DE/CD = 61.8
So D & E could be wave 1 & 2 Intermediate in the next cycle.
LINKUSD - Bat & Crab pattern pivots, FOMC, Elliot 5th WaveOn this chart, I've outlined some near-term thoughts re. Chainlink. On a higher time frame, this range is getting exhausted, and it may be time to move up. A potential inverse head and shoulders pattern targets $13 link. This week the FOMC could factor into the development of a 5th Elliot wave.
CADJPY - Bearish BatA Bearish Bat Pattern setup could be an opportunity for counter-trend traders to latch on to the trade. The earliest I would consider engaging in this trade is 10 am (GMT +8) as I must wait for the candlestick pattern to close.
For this setup, I wouldn't mind if i touches the arrow and reverse because that could bring in the AB=CD traders to join in the fun. Furthermore, it won't invalid the Bat Pattern.
USD/CAD Short Term BUY....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
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GOLD Create Bearish Bat Pattern. So Short Buy, long Sell
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE.
Ethereum Classic (ETC) formed bullish BAT a good buy opportunityHi dear friends, hope you are well and welcome to the new update on Ethereum Classic (ETC) with BTC pair.
Previously we caught a nice pump of ETC:
Now on a 4-hr time frame, ETC has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
NZDUSD - Bearish BatA Bearish Bat Pattern gives the counter-trend traders a shorting opportunity at 0.5860. Not only is this a Bat Pattern, but the completion of the Harmonic Patterns lands within the resistance level on the 1-hourly chart.(you can check the link under "related-ideas" of the trading view)
Potential Bearish BAMM On The USDT Dominance B Point AdjustmentThis is an update to a previous Pottential Shark BAMM Projection i had on the USDT Dominance.
It's been several months since posting and in that time the Shark Situation is still somewhat valid as a new high has not been made but i think it looks a bit ugly now. So based off the price action we've gotten recently i will be raising our Potential B point, thereby making this a Potential Bat rather Than a Potential Shark; The .886 Retrace Remains the Target if the B point breaks down.
Additionally we seem to be forming an accelerated Trendline which if we break that it would basically act as a Validation line to a Bearish Dragon.
We also seem to be trading within a Macro Ascending Broadening Channel on the Linear scale that we've Broken above but come back within at the highs.
Lastly the USDT Dominance is trading within a much larger Equidistant Channel on the Log scale Chart that can be seen below and i expect that it is setting up for a 50% Retrace overall:
CAD/JPY: UpdateIn this par, we see that Canadian Dollar/Yen Japanese drop too like CAD/CHF. So, because as I share in the morning that we see a good opportunity to short CAD/JPY in the 0.782% fibonacci, after that, we see a bearish BAT Harmonic Pattern ,and that was a good choose to short Canadian Dollar.
Now, the only udpate that I will modify here it's the target profit that I move up to $ 106.96 JPY. And my entry price was in $108.62 JPY.
In H1 timeframe, there're not much information, but I can to say that in this timeframe, as CAD/JPY broke down the EMA 200, there're a lot chance that CAD/JPY continue down as I expect it.
At the moment, we're in profit with 63 pips earned in this trade for now. But I will hold this position as I believe that Canadian Dollar will continue down, the same with my another analysis in CAD/CHF and CAD/JPY, boths.
Good luck!!!