Bullish Gartley
XRPUSDT is inside a massive descending channelXRPUSDT has been creating a daily channel, indicating a period of consolidation and uncertainty in the market. However, after a bullish impulse, the market bounced off the 0.618 Fibonacci level, which is a common level of retracement in technical analysis.
This retracement suggests that buyers are still interested in entering the market and that there is strong support at this level. Furthermore, if the market is able to grab new liquidity from the 0.37$ area and break out of the descending channel, it would signal a potential shift in market sentiment from bearish to bullish.
If the market were to satisfy Plancton's Rules, which is a trading strategy that involves taking a long position when a market experiences a significant price increase, it could indicate that the market is gaining momentum and that there is strong bullish pressure in the market.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
My Ultimate Trade for the WeekMy Ultimate Trade for the Week falls into the hands of the Head and Shoulders Pattern on the daily chart(right).
The Bullish Bat Pattern(left) is the perfect setup for me to achieve Low Risk, High Returns trade; however, it is unlikely to happen as the Bat Pattern must be completed by Monday, 20 Feb, 7 am or 12 pm(SGT).
The next sensible setup would be the potential Bullish Flag Pattern that goes into an over-extension period.
Low Risk and High Return TradesOn the right(Daily Chart) is the main highlight of the week. Having the Double-Headed Head and Shoulders trading setup that fulfils my trading filters for Head and Shoulders.
That being said to engage a trade-off, the Daily Chart is something I seldom do.
I'm looking for a buying opportunity of a lower timeframe, such as the Bullish Gartley Pattern on the intra-day timeframe, the 15-minute chart to engage this trade and extend my target, known as my in-house combo trade, trading management.
In this instance, I will have a much lower-risk and insane high-profit potential and the profit factor will be off the chart.
FTMUSDT - Bullish Gartley Harmonic Retracement from X to A using Fib Retracement, price hit 0.618 at 0.4553 price. Looks like a classic Gartley Harmonic forming. More info on Gartley www.investopedia.com
Will be interesting to see the volume profile as and if price moves to the down side target at D. That being, Volume, Value Area Low, and Point of Control.
LINKUSDT Potential Bullish Gartley to turns Bearish / FlatPotential reversal price action in a potential ending diagonal Elliot pattern corrective, plus potential bullish Gartley and AB=CD projections aiming demand zones.
The price is ranging @ upper region of a monthly Inside Bar candlestick pattern. I'm expecting the breaking of Aug '22 low to lowers lows newer targets. The price action above this level tends to ranging in zig-zags.
Anchored VWAP from the Aug '22 low is a important intraday support. Price is ranging between the upper bands 0.618-1.00 from this VWAP.
Bearish divergences on RSI and Chaikin Money Flow oscillators.
Similar pattern linked below.
SUNTECK REALTYHello and welcome to this analysis
In the monthly time frame it formed a Bearish Harmonic ABCD in JAN 2022 near 590 and since then has retraced 62% of its last leg.
In the weekly time frame it has formed a Bullish Harmonic Gartley around 315 suggesting the correction is most likely over.
It can be a good stock to accumulate between 330-370 for upside levels of 420-500-650. The view would be considered invalid below 285.
Good risk reward set up for medium to long term at the current level.
Happy Investing
vid usdt longThis coin is thirsty to be pumped, in terms of time, it is very believable that it will reach the previous ceiling by the next month, now is the time to buy.
SPX500USD: Partial Decline With Two Bullish HarmonicsWe have a Bullish Gartley on the 30 Minute and a medium sized Bullish Shark on the Daily within the local range above the support zone. If we can trade back above the zone marked in the white box on the bottom right chart we will likely reconfirm our partial decline from there and breakout of the overall Descending Boradening Wedge and go for Macro Targets between the 1.13 and the 1.618 Extension of the previous Local High to Low which would take us to the Halfway and Full Measured Moves of the Descending Boradening Wedge Respectively.
The SPY: The Case of The Mysterious M-ShapeWe have Bullish Divergence an a Bullish Gartley in the form of one of the strangiest M-shape Structures i'v ever seen. I think we will target last week's highs if this plays out and that will then solidify a partial-decline of a much bigger stucture which can be seen in the related ideas section below.