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Bearish Bat

US30 Weekly OUTLOOK Not the cleanest B & C points but reaction with the wick at 786 as typical Cypher. Price rejected at 786 (pink) and currently testing Daily 100 SMA, also DT on H4. This 786 could be B point of potential Butterfly with D around 33k. To see that need more downside to get C at least to 382.   That may work if Bearish BAT below, already in play reach TP1-382. Currently testing 50% (orange)of the last wave and  Daily 100SMA as mentioned. That level (50%) could also work as a C point for potential ABCD pattern if will not see a further drop.   The long- term long even if the price will drop to the lower take profits levels of the BAT. PS. I post most of my ideas in the Polish language to develop polish TV community. Feel free to take a look. I guess the chart speaks internationally =)
OANDA:US30USDLong
by Kuba_San
GBPUSD-Weekly Market Analysis-Jun20,Wk2On the view of the daily chart, this is a trend trading opportunity. The market is now at the HOP level of this bearish bat setup. Many harmonic patterns traders who didn't go through the right education may just miss this, I'm waiting for further confirmation to engage this shorting opportunity, a break and close below the black trendline will be preferred but at least a bearish engulfing candle and retracement back to the 1.2680 for the shorting opportunity. When the trade is engaged, that's not the end of it, in fact, it will bump into the buy zone based on this timeframe, the 4-hourly chart. A break and close below the buy zone is required for this trade to be profitable.
Short
by RaynLim
SPX Bearish Nenstar (Shark) completing at 3047-3060Bearish Nenstar harmonic, cousin to shark, cypher, bat/butterfly patterns; a Gartley variant. Typically the selloff from pattern completion at D is a .50 retracement of the CD leg up. In this case, price would be expected to drop ~150 pips to close the gap at 2864. Nenstar and Cypher patterns are variants of Sharks. Basic form: C is lower than A. In Bearish Butterflies & Gartleys, C is higher than A. Sharks: Nenstar D is higher than X, Cypher D is lower than X. All variants of the same theme = 'W' pattern leading to price correction. Nice examples here: www.traderslaboratory.com NB: Final move C-D in Nenstar may extend to 1.272 - 2.00 of A-B. In this case, 147 pips for AB x 2.00 = 3060, maximum pattern height. This is just an idea and in no way constitutes investment advice; GLTA!!
TVC:SPXShort
by DaddySawbucks
39
NIFTY50 - Daily Upate#NIFTY50 - These were two harmonic probabilities, I shared yesterday, and nifty closed at Bat pattern resistance zone 9490-9515. Sgx nifty is almost flat, so nifty is gonna open flat near pattern resistance, hence resisting near those levels can take nifty to 9350 -9330 levels. On the flip side only a decisive break of 9500 levels, will open up the next harmonic shark probability that will take nifty to 9770 levels. Important levels to watch Resistance 9490 - 9515 Support 9350- 9330 Below 9200 - The shark harmonic Probability will be negated.
NSE:NIFTY
by manuagarwal21
Low Risk High Return at EURUSDHow can you risk small but gain high returns? The answer is to enter a trade that allows you to set a tight stop loss without compromising the trade setup and has the potential you make at least 3 times more than the risk. Here's a good example. EURUSD has completed a Bearish Bat while showing signs of sellers already. If you sell now, you just have to set your stop loss above point X of the bearish bat and your risk will be about 40 pips On the other hand, your potential profits are 70, 100 and 160 pips based on the important support levels. The first target will give you 1.75X return and the last one will give you 4X return. So as you can see, this is very logical and reasonable. We can't control how the market move but we choose what kind of trades to make.
Short
by AlgoVenture
4