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Bull run price projection end, based on Adam and Eve formation This is just a quick calculation I did on the Adam and Even formation that has driven the latest bull run, the Adam and Eve pattern has high success rates especially if it is wide and deep. For pattern dependent traders the important thing to note is that the measured move for the Adam and Even pattern has been completed, and a pullback should be in by now. Notice how the yellow line "measured move end" aligns perfectly with a major R level, patterns are just a great way to trade when done properly. Don't forget your risk management! If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
by theChartGuru
2
🔠 The ABCD PatternThe ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size. A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A bearish ABCD pattern is formed after an uptrend and signals a potential bearish reversal at a certain level. The rules for trading bullish and bearish ABCD patterns are the same, you will just need to take into account the direction of the pattern you trade and the movement of the market it predicts. 🔷Classic ABCD The point C should be at 61.8%-78.6% of AB. The point D, in its turn, should be at the 127.2%-161.8% Fibonacci expansion of BC. Notice that a 61.8% retracement at the point C tends to result in the 161.8% projection of BC, while a 78.6% retracement at the C point will lead to the 127% projection. 🔷AB = CD Here CD has exactly the same length as AB. In addition, it takes the market the equal time to travel from A to B as from C to D. As a Result, AB and CD have the same angle. This type of ABCD pattern is seen quite often and is popular among traders. 🔷ABCD Extension ABCD extension refers to when CD is the 127.2%-161.8% extension of AB. CD can be even 2 times (or more) bigger than AB. There actually are some signs that can hint that CD will be much longer than AB. They are a gap after point C or big candlesticks near point C. 📊Trading with ABCD pattern The key thing you should remember is that you can enter the trade only after the price reached the point D. Study the chart looking at the price’s highs and lows. It may be helpful to use ZigZag indicator (Insert – Indicators – Custom – ZigZag) that marks the chart’s swings. Watch the price as it forms AB and BC. In a bullish ABCD, C must be lower than A and should be the intermediate high after the low at B. Point D must be a new low below B. When the market arrives at a point, where D may be situated, don’t rush into a trade. Use some techniques to make sure that the price reversed up (or down if it’s a bearish ABCD). The best scenario is a reversal candlestick pattern. A buy order may be set at or above the high of the candle at point D. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
Bull Flag trading Long Silver HUGE MOVEAll details are on the chart. This is the weekly chart for Silver. From left to right, you can see that Silver consolidated for 2.5 years before it started the big move Upwards in 2019. Price dip in March 2020 with COVID as everything else then it recovered to make a HUGE MOVE to ATH (ALL TIME HIGH) of ~79000. Since then, Price has been consolidating in a Channel for ~2 years now and it has a beautiful Bull Flag Pattern that has formed. You can see in the round green circles i drew in the top of the channel that price has already tested that area 4 times. From my experience, the more a Resistance or Support is tested, the weaker it gets. All eyes are on a Recession for 2023 and in all Recessions, metals goes up big time. Unless some external forces save us from Inflation and Recession, history will repeat. If we look into the charts, the pattern also tells the same thing. Bull Flags are 67% accurate when they break to the upside so as for possible Targets, you can see that Target 1 is half way the distance of the Flag pole which also coincides with the width of the Parallel Channel. That is a great Target 1. Target 2 will be the move of the Bull Flag which is a measured moved and it goes the same distance of the Flag Pole. Happy trading. As always, comments, likes are welcome. thx.
MCX:SILVER1!Long
by ppatrading101
H&S Bottom: Double Bust (ETH)The inverted head and shoulders pattern failed . All is well, as we have Thomas Bulkowski's history of patterns & statistical setups to guide us along together. Ethereum has already invalidated the single bust . It is time to explore the Double Bust IH&S chart pattern, & look for these elements: Price must confirm the head-and-shoulders bottom by closing above the neckline or right armpit (A). Price rises no more than 10% before reversing. Price closes below the bottom of the chart pattern (B). This busts the pattern for the first time. Price drops no more than 10% below the bottom of the head-and-shoulders bottom. Price closes above the top of the head-and-shoulders bottom. This busts the chart pattern for the second time (C). The stock rises more than 10% above the top of the head-and-shoulders bottom. A double busted head-and-shoulders bottom turns into a triple bust when the rise after the second bust is no more than 10% and price then closes below the bottom of the chart pattern. Busted Inverted Head-and-Shoulders Historical Performance : 16% of head-and-shoulders bottoms will bust Of those that bust...47% will single bust 36% will double bust 17% of them will triple bust Single busted patterns will see price drop 22% on average (invalidated) Non-busted head-and-shoulders bottoms (that is, head-and-shoulders tops) will see price drop by 16% on average If you have related analysis please be sure to share so we can learn together! Confirmation of Single Bust Invalidation: Price must confirm the head-and-shoulders bottom by closing above the neckline (down sloping necklines) or above the right armpit. That occurs at (A) in the figure above. Price must rise no more than 10% above the neckline. Price then closes below the bottom of the head-and-shoulders bottom (B). Price continues dropping more than 10% without closing above the top of the head-and-shoulders.
BITSTAMP:ETHUSDLong
by ZenMode
8
SPX: Imminent Crash! Next Key Points to Watch.• The SPX reversed the short-term bull trend, as it lost our 21 ema in the 1h chart, failing in breaking the previous top (it did a Double Top chart pattern around the 4k); • In addition, it lost the support we mentioned yesterday, at 3,950, indicating a sharp correction – maybe even an overreaction; • Either way, the 3,950 is a new resistance on SPX, according to the Principle of Polarity; • Now, it seems the index is heading to the 21 ema in the daily chart, as I mentioned yesterday (link to my previous public analysis is below this post, as usual); • What’s more, it triggered our Shooting Star candlestick pattern, which reinforces the bearish sentiment, at least for now; • Let’s pay attention on how it’ll react around the 21 ema in the daily chart. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
6
TSLA: BULL TRAP? Pay Attention to the Most Important Support!• TSLA crashed yesterday, and it seems it wants to resume the bear trend, making the previous rally a bull trap; • Today, TSLA is trying to lose the 21 ema in the 1h chart (pre market), and if that’s the case, we can expect more drop ahead; • What’s more, if it loses the 21 ema in the 1h chart, it’ll lose yesterday’s low at the same time, triggering a Dark Cloud Cover pattern in the daily chart; • The area at $123 is the next technical support level in the 1h chart: 1) previous top level; 2) 38.2% Fibonacci’s Retracement; 3) Gap level; • Therefore, in my view, the $123 area is the most important support level. If TSLA loses it, the bearish momentum will persist, and it could easily seek the $100 again; • In order to frustrate this bearish thesis, it must stay above the $123, and do a very good (bullish) reaction; • I’ll keep you updated on this everyday, as usual. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
9
NVDA: This is what it needs to EXPLODE. 🚀• NVDA is incredibly bullish, however, it is trading at a critical key point; • NVDA just hit a trend line that connects all its previous top levels since Nov 2021; • What’s more, NVDA is inside a Descending Channel; • However, if it breaks this resistance level, NVDA might trigger a long-term bullish reversal structure; • It would not only break free from a Descending Channel, but would trigger an Inverted Head and Shoulders chart pattern, in the weekly chart; • This would be the confirmation sign of a bullish reversal on NVDA – however, this pattern wasn’t triggered yet; • Any top sign under this resistance could easily frustrate the bullish thesis, therefore, we must keep our eyes open; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
3
📉📈 ZigZag IndicatorZigZag's primary goal is to focus on significant swings and trends by removing insignificant and misleading price changes. ZigZag connects the price's highest and lowest points using straight lines while ignoring minor swings. ZigZag just aims to make sense of the market's previous movements; it makes no attempt to predict the price of an item. It is only based on hindsight and is not predictive in any way. It is based on the past prices of securities and cannot forecast the next swing highs and swing lows. 🟢Advantages It eliminates market noise and displays the most significant price fluctuations. It operates in several timeframes. When utilized in cooperation with other technical indicators, it gives positive results. 🔴Disadvantages It will mark the latest high or low of the price with a time lag. The last stretch of the indicator (the one that involves the current price) may be redrawn. Not predictive in any way, has to be used in combination of other strategies to be effective. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow
Education
by QuantVue
SHORT Resault: 1040 pips✅GBPJPY is preparing for a very good sell position and I am entering within the specified range Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you? gbpjpy are going to reach second target. 1040 pips in profit.
by Hamiratrading
2
SPX: Next Support/Resistance levels to watch from here!• The SPX is in a short-term bull trend, doing higher highs/lows, trading above the 21 EMA; • Its last bottom level was above a dual-support level, made by the 21 EMA and the upper trend line of an Ascending Channel, which SPY did an upwards breakout; • This dual-support coincides with the 21 EMA in the daily chart, which we nailed as our main support on our previous public study on SPX – link below this post, as usual; • Everything point to a continuation of the momentum, as we don’t see any meaningful top sign, so far; • However, if SPX is about to correct, now would be a good time, as it just filled a Gap (3,965), and any bearish reaction in this area would suggest a pullback to the 21 EMA again, at least; • Since there’s no clear bearish reversal structure, the next resistance on it is the 4,053; • So far, everything is going according to the plan, and the SPX is behaving as expected. I'll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
Natural Gas Dream Chart Pattern LongThis is a Dream chart pattern to be found. Multiple confluences of patterns and support lines intercepting at the same place. You can see that there is a huge bottom support line intersecting with a down sloping support line. On top of this, we have a reversal pin bar on today's chart and the completion of a bear flag. This is a 80% probability of success pattern. This is a Gold mine finding. I'm so confident on this pattern that I will be risking 50% of my portfolio. NOTE: This is not a financial advice. This is my on trading and how much risk tolerance I can take. You should only risk the money you can afford to lose. Happy trading.
AMEX:UNGLong
by ppatrading101
3