Bearish ABCD and Retest of the Daily Open on MaticMatic has a Bearish ABCD at the Daily Open and is showing a Bearish Divergence on the Volatility Indicators, it may be setting up for a BAMM to the 78 Cent Area.
Bearish AB=CD
USOIL Bearish ABCD With Bearish Divergence on the MACD and RSIOil has a nice amount of Bearish Divergence at the PCZ of a Bearish ABCD and it looks ready to break the midterm uptrend and continue down on the macro.
Lowering the Bearish Target on AMZN to $34A couple of years ago and earlier this year i identified and posted a Bearish ABCD that was visible on Amazon's Monthly and Weekly charts. In that time we've had a stock split but that has not changed the overall movement and targets. Adjusted for Amazon's stock split our target from the old setups are now $60-$65, however i have since become even more bearish for Amazon and am now targeting $34.10 as i believe that we will see a Massive Decline in Consumer Spending, Massive Declines in Inflation, and an overall Tightening of Amazon's Financials that will lead to them once again operating at or near a loss which will likely be reflected in its stock price by returning to 2014-2016 valuations.
GBPUSD-Weekly Market Analysis-Nov22,Wk3GBPUSD is approaching the Weekly Chart's Key Resistance Level that completes at 1.1872. What's nice about this setup is that a potential ABCD Pattern completes at that level, and that, gives a combo trading opportunity.
NiftyHello and welcome to this analysis
Nifty in hourly time frame has activated a Bearish ABCD suggesting a probable pullback till 17450-17350.
The pattern would be considered invalid above 17670
TATA MOTORSHello and welcome to this analysis based on Harmonic Trading Patterns
In the daily time frame it has made a Bearish Harmonic ABCD pattern with perfect balance symmetry.
It could retrace down to 440 - 430 as long as it does not trade above 461
As per Option Data also July Series 460CE is seeing fresh shorts being added and 440PE is seeing short covering. While August Series 460CE has already formed a very strong OI resistance with more being added currently.
Bullish 3 Line Strike at PCZ of Bearish ABCD on the Daily TFWe have Bearish Divergence on both the MACD and RSI. I previously pointed out this ABCD on a different chart but today we got one of the most Bearish Daily Candlestick Pattern Confirmations that we could ask for at these levels and it is in the form of a Bullish 3 Line Strike and are Diverging on Both indicators.
I will have stops above the terminal bar's high and will add to the shorts if it makes a retrace towards the highs again and i will target the C level at around $50 for profit taking.
LUNA at PCZ of Bearish ABCDLooking for Pullback Back to C at around the $55 level. We also may soon Bearishly Diverge on the RSI, once we start curling down it will be confirmed Divergence.
ABCD Double Top Bearish Shark Retest Before Going Down To $2600ETH reversed at the PCZ of the ABCD once before and now is looking for a second top confirmation in the case that eth gets rejected here i expect a big pullback to $2600
Alternate Bearish Bat on BATBAT has been good but i think it's time for it to cool down and perhaps make a 78.6% retracement.
We have a Bearish AB=CD and a Bearish Alternate Bat Pattern at a confluence zone between the 1.13 and 1.272 Fibonacci extensions and Bearish Divergence on the RSI with the reciprocal downward target pointing towards the 78.6% retracement from low to high.
USDCAD - Bearish ABCD PatternThe market setup for this week is interesting. We have a couple of setups that work on the lower timeframe and we have seen a couple of AB=CD pattern setups and complete.
USDCAD has an AB=CD pattern setup on the 4-hourly chart that works on the 1-hourly chart as well. What I would like to see in this Bearish ABCD pattern is that it touches 1.2812 which is also the previous Resistance Level on the 1-hourly chart. A Double Top with RSI Divergence would sweeten the deal.
Bearish Evening Star at PCZ of ABCD Visible on the Weekly in ETHThis reversal from the D point of our ABCD has great potential of taking ETH back down to a minimum target of $2,500 and as low as a maximum target of $600
Bearish ABCD PCZ reached With Bearish DivergenceI will target all the way down to C for maximum profit taking though it's a pretty far target so i might settle for 20 percent.
PCZ of Bearish ABCD Reached; Weekly RSI Overbought.We have reached the PCZ of a bearish ABCD on the weekly and have reacted to it and now the RSI is overbought and we may be due for a correction back down to around C.
NATURAL GAS Weekly Bearish Pattern Greetings Folks,
NATURAL GAS has made a very strong bull run in the past few months, the current price is forming an AB=CD pattern (Bearish) on this Weekly Chart.
Of Course, we have to say that the price might go higher.
However, we need to take note that it is a strong opportunity to sell (PRZ)
Watch out for rejection at this level to finding good risk-reward for trend reversal entries as well.
All the details are on the chart.
Have a nice week. Good Luck.!!
EURAUD, 4hr tf, AB=CD pattern
Yesterday we got our stop loss hit for this pair.
I still think a retracement will soon come as this pair hitting resistance right now.
We could see the movement of EURAUD making an AB=CD pattern.
Keep in mind we have RBA in 50 mins so expect some volatility in all AUD pairs. Use proper risk management.
Sell EURAUD 1.6065
Stop loss 1.6130
Take profit 1.5935 (2R)
Use only 1-2% risk
Good luck
Bearish 2 AB=CDBearish 2 AB=CD was found on 30 Apr 2021 00:00 UTC+8 with Point is USD 523.96 @ USD 16.05 @ 3.16%.
Resistance : USD 512.37 @ +4.46 @ 0.88%
Support : USD 504.35 @ - 3.56 @ 0.70%
Risk/Reward Ratio : 1.25
Double AB=CD and Breakout Gap UpBearish 1.41 AB=CD and Bearish 1.27 AB=CD was found on 20 Apr 2021 23:30 UTC+8.
Break out with Gap Up happened on 27 Apr 2021 21:30 UTC+8.
Found Ascending Channel, expected to go up until USD 104.09.
EP : USD 100.13
R1 : USD 104.09 @ 3.95%
S1 : USD 96.24 @ 3.88%
Risk / Reward Ratio : 1.02
ETH Bearish AB=CD, divergence @ 3K!Ethereum has had an amazing run after Bitcoin's recent dips, increasing by nearly 50% of its total price after dips from only a few weeks ago! However, it looks like indicators are starting to show some weakness for ETH in the short term on the 4-hour chart.
ETH now approaches its ascending channel's top (white line, note: linear is shown due to it being a short-term trend, but the trend looks similar on the longer-term logarithmic chart). As ETH approaches 3K, an almost perfect AB=CD pattern has formed indicating a potential bearish reversal for the short-term. This looks further confirmed by dwindling volume in addition to divergence forming against price on both MACD and OBV (red dashed lines).
However, with 3K being such a huge target for many ETH followers, there is always the possibility that FOMO kicks in causing an unexpected catapult upward. But in my opinion, the trend if heading downward from what I can see.
Hence, you should take the above solely as my opinion and not as financial advice. However, please also like or comment if you agree or see anything differently.
Descending Channel Bearish AB=CDBearish 1.41 AB=CD was found on 24 Apr 2021 4.00 pm UTC+8.
Bearish 1.13 AB=CD was found on 25 Apr 2021 3.00 pm UTC+8.
Price expected to fall down to RM4.00 by next week.
Descending Channel Bearish ReciprocalBearish 1.41 AB=CD was found on 29 March 2021 3:30 pm UTC+8.
Bearish 0.786 Reciprocal AB=CD was found on 20 April 2021 4:30 pm UTC+8.
Price expected to go down until RM1.510.
POTENTIAL SHORT BEARISH GARTLEY+AB=CD (APF) H1 TFPOTENTIAL SHORT BEARISH GARTLEY+AB=CD (APF) H1 TF
FROM HTF THE MARKET IS BEARISH BUT TEMPORARY RANGING IN LTF
THE COMPLETION OF THE GARTLEY PATTERN AND AB=CD PATTERN IS STRONG BIAS,BUT
ALWAYS W4C BEFORE ENTER THE MARKET...
TRADE AT YOUR OWN RISK....
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
LLCC - Lower low, lower close
HHHC - Higher high, higher close
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
RRR - Risk Reward Ratio
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to loss..
APPLETHIS ANALYSIS IS ONLY VAILABLE IF A GLOBAL MARKET CORRECTION OCCUR A BULLISH SCENARIO COULD ALSO OCCUR IN THE MID TO LONG THERM.
THIS IS ONLY A TECHNICAL ANALYSIS BASED ON ELIOT WAVE THEORIE! WE DO STILL SEE SOME BULLISH AHEAD OF US AT LEAST ON THE SHORT THERM.
WE DO SEE A CORRECTION OCCURING THIS YEAR, and since 5 wave find there tops, and the correction ahead of us no matter what bullish american famous investor says this gonna be a good year and then buying bitcoin as a safe heaven will happen on any bad news.
plus if we did reach the top risk to reward ratio would be 1:4.
i don't know about you but i do like those kind of setups.
also to note: we were bullish and got most of the big bull move this year that can be checked on our profile. if we turn bearish is because a market full of yolo traders and fomo traders is absolutely frodulant and not healthy.
the simple fact that a tweet from elon impact so much an no related company just show how dum the money in the market is currently
