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Classical_patterns

IDBI DAILY CHART TIME FRAME - MY VIEW ONLYThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Please keep your comments useful & respectful. Keep it simple, keep it Unique. Thanks for your support Tradelikemee Academy Saanjayy KG
NSE:IDBILong
by Tradelikemee
#USDJPY #Elliot #Sell#USDJPY sell-4h-elliot-clasicpattern-supplyzone_RD- #In the 4-hour time frame, Elliott price has completed and is now falling. Our fifth wave consists of 5 micro-waves, the fifth wave of our micro-wave is formed in a short form. #Also, in this time frame, the price has formed a classic reversal pattern and at the same time, the price has also reacted to our supply zone. #Divergence of the indicator with the price is also a confirmation of our entry. #SL:149.782 #TP1:146.252 #TP2:143.630 #R/R:1/7
Short
by mohamadaminsajjadi
DR. REDDY LABThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Please keep your comments useful & respectful. Keep it simple, keep it Unique. Thanks for your support Tradelikemee Academy Saanjayy KG
NSE:DRREDDYShort
by Tradelikemee
Dollar index in classic zigzag corrective patternGreetings, Dear friends, I hope you are well and have a week full of successful and profitable transactions. My analytical view: DXY analysis is one of the most challenging markets out there in my opinion. If we just want to see the overall structure on the daily chart, there is a bearish impulse pattern, and wave A or 1 is formed in the larger degree of the wave. Next is an impulse pattern for wave A and the continuation of a deep correction, which can also be seen as multiple zigzags, which I labeled as wave B in my aggressive idea. But what happened after wave B looks like a diagonal pattern that consists of formula 3.3.3.3, and only 3 waves are left to complete it in the bull market. A classic zigzag pattern is formed for wave B or 2 in a larger degree, and after that, we will see a drop in the dollar index. This fifth wave of the diagonal pattern after the price crossing, i.e. the price action, should be formed from the middle line of the corrective channel. Next, any corrective pattern can be a green light to enter the transaction, and then the probability of exiting the channel will increase. The point of invalidity of this analysis is based on the fourth wave of the diagonal pattern that has been completed. There is also an idea about the continuation of the downward trend, which I will share if needed Note: I am an analyst in the world of principle wave, who has entered the fourth year of my work experience, and I am developing an analytical idea. In financial markets, there is no 100% certainty due to the complexity of different patterns that can change. However, I do my best to back up every analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future, simply. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except to explain the current analysis because I also trade in the financial markets and I am active in my social networks, and I work hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will respond, but a logical reason is important to me. Thank you for taking the time to review my analysis. First of all, I wish good health and success to all my dear friends and colleagues. Mr. Nobody
DLong
by mehdi47abbasi79
TRHC WCA - Cup and Handle Pattern Company: Tabula Rasa HealthCare, Inc. Ticker: TRHC Exchange: NASDAQ Sector: Healthcare Introduction: Hello, traders and investors! Today we are analyzing Tabula Rasa HealthCare Inc (TRHC) on the weekly scale chart. We'll specifically be observing a classic price pattern known as a cup and handle, which may serve as a bottom reversal. Cup and Handle Pattern: The cup and handle is a reversal pattern that can act as bullish continuation aswell. It signifies a period of consolidation followed by a breakout. It resembles the shape of a tea cup and can indicate a strong buy signal when correctly identified. Analysis: Tabula Rasa's price chart was previously characterized by a clear downtrend, represented by a blue diagonal resistance line. Now, it seems to be forming a cup and handle pattern with a clear horizontal resistance at $6.51. However, the 200 EMA is currently pointing towards a bearish environment, which raises some doubts about a bullish setup. Despite this, a breakout above the horizontal resistance could open up the possibility of a long position, albeit with a smaller position size due to the current bearish indication. In the event of a valid breakout, our estimated price target stands at $10.80. This corresponds to a potential increase of approximately 66.24%. Thus, Tabula Rasa HealthCare qualifies as a watchlist candidate, albeit one that requires caution. Conclusion: The weekly chart for Tabula Rasa HealthCare Inc reveals a potential cup and handle pattern, which may serve as a bottom reversal. However, the current bearish environment suggested by the 200 EMA calls for caution. A valid breakout above the pattern's resistance could offer a long position opportunity. As always, please conduct your own due diligence and consider risk management strategies before making any trading decisions. Thank you for joining this analysis. If you found it useful, please like, share, and follow for more market insights. Happy trading! Best regards, Karim Subhieh
T
by KarimSubhieh
EURJPY - 240 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
2
GBPAUD, Long possibilityWe are at a point which we can consider end of a correction (rectangular structure). So, basically what we should do next week is as follows: 1st: We seek for a green candle, which we can consider as a go-long-trigger, on 1h chart in order to open a long position. (or another trigger that you, yourself use in your own trades.) 2nd: The top of our gray rectangular structure is our 1st tp basically. although, there is a good chance that price go through it. you can manage it as you seem fit for yourself. cheers!
Long
by HunkIsHere
Be cautious! Inverse H & S at the end of wave A is a pitfallClassic tools are simple yet powerful tools but if and only if you know when to use them, otherwise they can be very misleading. A good example of such pitfalls is inverse head and shoulders at the end of wave A. Traders who rely on this pattern regardless of its position in terms of Elliott waves may expect a new major high and become ready to make a nice profit but they get shocked by the market very soon in the case that they used inverse H&S at the end of wave A. A clear example of this pitfall happened at the end of wave A on TSLA . Details are shown on the chart. In fact, Head and Shoulders and inverse Head and Shoulders are nothing but some patterns forming in some types of Elliott wave cycles. You have to know when to use them. Inverse head and shoulders is a POWERFUL tool when you use it at the end of wave C . I refer who may argue that this is an after the fact publication to my idea published on Apr 13th when most traders were bullish on TSLA. Link is also provided below. Hope this to be useful and can help you in your trades. Best wishes.
NASDAQ:TSLAEducation
by SaeedSajedi
6