AB=CD Bearish Harmonic Pattern CADJPYAB=CD Bearish Harmonic Pattern found in CADJPY 1 hour Chart, the price may be going up as per AB=CD Bearish Harmonic Pattern, TP1 & TP2 Set.
Bearishharmonics
LTTSHello & welcome to this analysis
LTTS from May 2021 lows formed a Bullish Harmonic Bat in July 2022. From there it has almost given a 62% retracement to now form a Bearish ABCD Pattern suggesting some consolidation to pullback till 3900 until it starts sustaining above 4400.
Not an area to go aggressive fresh long right now, more of a pullback for entry and then a likely rally for 5400 and more.
Hope this analysis is of help to both traders and investors
NiftyHello and a warm welcome to this analysis on NIFTY
At today's high of 17285 Nifty activated two bearish harmonic patterns, namely, Reciprocal ABCD (140/70) and Straight ABCD (70/140).
These suggest that unless 17290 is not broken Nifty could retest 17050/16950
ACCHello and welcome to this strategy in ACC a large cap Cement sector stock.
It has made a Bearish Harmonic Alt Shark in hourly time frame suggesting downside levels of 2375/2300 as long as it stays below 2495.
Harmonic patterns are based on Fibonacci ratios coming into alignment. They indicate reversal of trend for retracements of 38-50-62% and more depending on the strength of reversal and overall trend.
Risk Reward : 50 : 70 & 140
Suggested Time frame: 2-3 weeks
USDCAD : Selling chance with Harmonics !Check your own ratio's & plan entry ,stops and target accordingly in USDCAD. Bcos in Harmonics everyone is free to use their own ratio's & we cant say this is the perfect ratio
Happy Trading !
