FNMA near term resistance possibleFNMA daily update
Government has determined a path to release from conservatorship, if this happens then this stock will be relisted and be worth a lot more than the current value
At present the stock is nearing a short to medium term resistance level using elliot wave and fibonacci/ harmonics between $4.62 and $4.69
There is a clear crab pattern that aligns with Robert Miners 5th wave projection levels as well, with RSI closing in on 80 which is extremely overbought (But largely irrelevant in trends)
It does hint that there will be a short to medium term pause which would align with getting more details of the plan to release these massively profitable behemoths from government conservatorship
I've been long on this stock for years and already pulled my original money back out, but see some complex corrections happening for a while around where we are before blasting upward into a larger wave 3 structure
Crab
BTCUSD 1H Technical AnalysisMarket Overview:
BTCUSD is currently trading within a key range, indicating potential for a breakout or reversal depending on price action around critical levels.
Key Levels:
Resistance: $94,800 - $95,500
Support: $91,500 - $92,000
Bullish Scenario:
A breakout above $95,500 could lead to upward targets at $97,000 and $98,500.
Bearish Scenario:
A breakdown below $91,500 might push the price towards $90,000 and $88,500.
Trading Strategy:
Long Entry: Above $95,500 with confirmation.
Short Entry: Below $91,500 with confirmation.
Always use stop-loss for proper risk management.
NRT NYSEOil and Gas Royalty trust
Multiple reasons to buy, but I will not be as my local broker does not enable purchases for this
Interesting chart with decent fundamentals
I do not know the rules around royalty trusts, or if you can trade these or purchase only and what the terms are on the lease agreements to extract oil and gas...
Hormonics Reversal PRZ Zone on Up side 23316-23265 Targer 24020
The Harmonic Reversal Potential Reversal Zone (PRZ) on the upside between 23316-23265 indicates a specific area where the price is expected to react or reverse based on harmonic trading principles. Here's how to interpret and potentially trade this zone:
1. What Does This PRZ Mean?
The zone 23316-23265 is calculated using Fibonacci retracements and extensions from a harmonic pattern.
It suggests a tight range where the price may reverse direction on the upside.
2. Why Is It a Reversal Zone?
This zone represents the completion point (D) of a harmonic pattern (e.g., Gartley, Bat, Crab, Butterfly).
Convergence of Fibonacci levels within this range increases the likelihood of reversal or strong price reaction.
3. How to Trade the PRZ?
(a) Wait for Confirmation:
Do not enter trades immediately. Look for price action confirmation:
Reversal candlestick patterns (e.g., Shooting Star, Bearish Engulfing).
Indicators showing divergence (e.g., RSI, MACD).
Trendline breaks or volume spikes.
(b) Risk Management:
Stop Loss: Place a stop loss slightly above 23316 (if expecting a reversal downwards).
Entry: Enter trades when price action confirms rejection from the PRZ.
Take Profit: Use Fibonacci levels or key support zones below 23265.
(c) Scenario Analysis:
If Price Breaks the PRZ on the Upside:
Treat it as invalidation of the harmonic pattern.
Look for potential continuation above 23316.
If Price Reacts Within the Zone:
Observe for strong rejections or consolidations before entering a short trade.
4. Visual Representation
The PRZ between 23316 and 23265 forms the critical price range where:
The harmonic pattern completes.
Fibonacci levels overlap, creating a high-probability reaction zone.
Understanding the US10Y Crab Pattern in 2024
The US10Y refers to the 10-year Treasury bond yield, which is a key indicator of the overall health of the economy and is closely watched by investors.
"Analyzing the US10Y trend, a bearish butterfly pattern has emerged at the 1.276 and 1.618 level, indicating a potential bullish trend in 2023. This pattern suggested a reversal in the current market direction, and The US10Y bond market has been exhibiting an intriguing pattern known as the "CRAB PATTERN," with implications for the year 2024.
This pattern suggests that the market may experience a period of consolidation before potentially reversing its direction. Additionally, the presence of a parallel channel further supports the notion of a bearish trend, as this technical indicator typically indicates a downward trajectory in the market.
Traders and analysts should closely monitor these developments and consider potential strategies to navigate the market amidst this anticipated trend.
It is crucial to conduct thorough analysis and consider various factors before making any significant trading decisions in response to the observed pattern and trend.
Weirdo ancient AI coin NMR may revisit its ATH after allTwo possible scenarios from here: either it reaches its long term trendline from many years ago and rejects from it again to reaccumulate or breakout or it flips it and carries onwards towards its ATH.
Lesson learned? Don't launch a coin if your last name is literally Crab. Your coin will keep crabbing....
Happy trading
BHEL towards 400 after a healthy correction from 335BHEL has shown a good sign of reversal from MACD & RSI indicators.
It has also formed Alternate BAT pattern or Crab pattern to show bullish sign.
This will take it to 400 over period of 5 months time with following target levels,
Target1: 280 to 300
Target2: 350
Target3: 390 to 400
SWING PICK - GO LONGENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
SWING PICK - Go LONGENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday tgt)
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
Trading Reflection: Embracing Low-Risk, Low-Stress TradingWould you risk $266.38 for a potential return of $757.23?
That's the kind of trade setup I'm focusing on these days.
My Trading Philosophy
Over my 19 years of trading experience, I've encountered many "trading gurus" who claim that achieving a profit factor of 2 is impossible—that it's merely a textbook scenario and unrealistic. I chose to keep my thoughts to myself, but their perspective revealed a lot about their trading approach:
1. Constant Break-Evens and Overtrading: Chasing big wins often leads to overtrading and settling for break-even results, reminiscing about those rare "good feelings" when trades went their way.
2. High-Stress Environment: They operate under constant stress, obsessing over being "right," frequently intervening in trades, and deviating from their trade plans—all justified by their years in the industry.
Finding What Works for You
There are countless ways to trade, and results will vary depending on your strategy. Personally, I prefer a method that allows me to:
- Spend Just 15 Minutes a Day: I review my trading pairs, set alerts, and let the market notify me when it's time to act.
- Use Candlestick Confirmations: I decide whether to engage in a trade based on candlestick patterns at my predetermined entry points.
This approach ensures my profit factor for the final target is always at least 2—often even higher.
Mathematically, I can be profitable with only a 40% accuracy rate.
This allows me to seek trades with high returns and live my life freely for the rest of the day.
Current Trade Idea: Bearish Crab Pattern
I'm eyeing a Bearish Crab Pattern on the 15-minute chart. It might not be picture-perfect, but it offers a profit factor of 2, and I have RSI divergence supporting my idea.
Trade Management
- Once the market touches 164.02 or breaks and closes below 164.21 , I'll shift my stop to the entry price to attain a risk-free trade.
- Remember to include our stop-loss buffer when setting your stops.
Final Thoughts
Trading doesn't have to be high-risk or high-stress. It's about choosing a strategy that aligns with your goals and lifestyle.
Whether you prefer a fast-paced environment or a more relaxed approach, the choice is yours.
What's your trading style?
Do you prioritise low-risk, low-stress strategies, or do you thrive in the thrill of the fast-paced markets?
Share your thoughts and experiences below!
Stay patient, trade wisely, and happy trading! 🚀
GOLD SHORT BUY MOOD VIEW
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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GOLD SHORT IDEA......
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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Market Scenario and Potential Buying OpportunitiesAnalysis of Key Support Levels and Candlestick Pattern Confirmation
The financial markets are often characterised by their volatility and the constant ebb and flow of prices. In this intricate dance, key support levels play a pivotal role in determining the direction of market movements. This aims to provide an in-depth analysis of the current market scenario, focusing on two significant support levels, $2,378.36 and $2,327.67, and the potential buying opportunities that arise should the market break and close below these levels. Additionally, the importance of candlestick pattern confirmation at the $2,035.97 level for a Bullish Deep Crab Pattern setup will be emphasised.
Understanding Support Levels
Support levels are price points on a chart where a security tends to find buying interest as it falls. These levels often act as a floor by preventing the price from being pushed downward. Identifying such levels is crucial for traders, as they help in making informed decisions about entry and exit points in the market.
In the current market scenario, the two significant support levels to watch are $2,378.36 and $2,327.67. These levels have historically shown strong buying interest and have acted as a base for price rebounds. However, should the market break and close below these critical levels, it signals a potential shift in market sentiment.
Significance of the $2,378.36 Support Level
The $2,378.36 level has been a key area of support in the recent trading history. A break below this level would suggest a weakening of the bullish sentiment, prompting traders to reassess their positions. It is essential to observe the market behaviour around this level closely.
Importance of the $2,327.67 Support Level
The $2,327.67 support level is another crucial price point. Historically, this level has provided a strong base for price recoveries.
A break below this level would likely indicate a further decline in market confidence, leading to increased selling pressure.
Waiting for Candlestick Pattern Confirmation
In the event that the market breaks and closes below the two significant support levels, attention should then be directed to the $2,035.97 level.
At this juncture, it is crucial to wait for a candlestick pattern confirmation.
Candlestick patterns are graphical representations of price movements for a given period.
They are widely used by traders to predict future price movements based on past patterns. In this scenario, a candlestick pattern confirmation is required to validate a potential buying opportunity.
Potential Buying Opportunities at $2,035.97
The $2,035.97 level is significant for the Bullish Deep Crab Pattern setup. This advanced harmonic pattern is known for its precision in predicting price reversals. The Bullish Deep Crab Pattern consists of four distinct price movements that create a specific geometric pattern, indicating a potential reversal point.
For a reliable trade entry, it is essential to wait for a candlestick pattern to confirm the validity of this setup. This confirmation ensures that the market is indeed reversing and increases the probability of a successful trade.
The Bullish Deep Crab Pattern
The Bullish Deep Crab Pattern is a harmonic pattern identified by its precise Fibonacci ratios. The structure of the pattern includes:
Confirmation Candlestick Patterns
Several candlestick patterns can serve as confirmation for the Bullish Deep Crab Pattern.
These patterns provide visual cues to traders, signalling a potential shift in market sentiment. Waiting for these confirmations ensures that traders enter the market with a higher degree of confidence.
Conclusion
In summary, the market's behaviour around the significant support levels of $2,378.36 and $2,327.67 is crucial for determining future price movements. Should the market break and close below these levels, the $2,035.97 level becomes the focal point for potential buying opportunities. However, waiting for a candlestick pattern confirmation is essential to validate the Bullish Deep Crab Pattern setup.
By adhering to these technical analysis principles, traders can make informed decisions, minimizing risk and maximizing potential returns. The importance of patience and confirmation cannot be overstated in achieving successful trading outcomes in a volatile market environment.
NQ1 1W Bear Deep Crab Harmonic with target levelsOn the weekly Nasdaq 1W chart a bear deep crab harmonic pattern active. If this plays out, very volatile price action will occur ove the coming months. Deep crap price targets are measured as fib extension from the BC leg of the XABCD pattern. Note the large bull Gartley that has driven price to current levels has alraedy reached target 3 at 1.272 fib extension of AD leg of the Gartley. On daily chart, there are two bear ABCD Ext patterns which should drive price to point C of the bear Deep Crab, before a sharp temporary retracement to recent high, before plunging below point C to the extension price target levels below.
This chart is not for intraday trading, but should be useful for swing trading at these key levels.
Trend of British Pound Currency Indexthe detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
bear market turning into bull Market with GBP Crab.
Bullish crab pattern
It begins at point X and extends to point A. Point X may be anywhere on the price chart, but looking for a bull pattern under oversold circumstances is a smart practice.
Wave AB must retrace downward to the XA wave's Fibonacci levels of 0.382 - 0.618.
Wave BC must retrace the AB wave's 0.382 - 0.886 Fibonacci levels.
The final wave CD is the longest and must reach the BC wave's 2.24 - 3.61 Fibonacci levels.
NEO Analysis - What Shall we Expect !!!BINANCE:NEOUSDT
As you can see, the price is in a Megaphone. If the price can break this megaphone, we can hope that the price will act like a Crab pattern and the price will grow well.
❤️Stay awesome my friends.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BUY at zone - swing / intradayENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday tgt)
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
NFE DOUBLE WHAMMY BULLISH.NFE has completed a multiyear correction imo, ending with 2 bullish harmonic patterns. the 1st and largest is a bullish bat pattern with a high probability (70-80%) of bouncing at the .886 fib level. The second is a bullish crab pattern with a high probability (80-90%) of bouncing at the 1.618 extension level. the bottom line is, that it is time to accumulate long-term and collect the div for many years. now that's what I call a double whammy!!
Bitcoin Analysis==>>Bearish Harmonic Patterns==>>Crab & SharkBitcoin moved as I expected in yesterday's post .
Bitcoin is currently moving in the Resistance zone($60,080-$59,400) , near the Resistance lines and the 50_SMA(Daily) .
It also seems that Bitcoin can potentially form the Bearish Crab Harmonic Pattern and Bearish Shark Harmonic Pattern .
After breaking the small Support zone , I expect Bitcoin to attack the Support zone($58,000-$56,600) again.
Note: We can expect more pumps if Bitcoin breaks the Resistance line (over $61,000).
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Harmonic Crab Variation + Bullish RSI Divergence - GUHere I have GBP/USD on the 30 Min Chart!
Price has found Support from the July Highs!
Upon reaching the Low @ 1.30493 I notice a couple things:
-Price is moving Lower, RSI is moving Higher = Bullish RSI Divergence
-Price has created what looks to be a variation of the Harmonic Crab Pattern (not exact values)
Harmonic Crab XACBD Values:
X-B ( .382 - .618 )
A-C ( .382 - .886 )
B-D ( 2.618 - 3.618 )
X-D 1.618
We continue to see price move higher and I believe we will see Higher Highs up to the 1.3130 - 1.3140 Area!
Fundamentals:
GBP has been positive in the analyst eyes this week with the Claimont Count Change with impressive numbers and Unemployment down from 4.2% to 4.1%!
-GBP will have GDP releasing Wednesday Sept. 11th with forecasts to be Positive!
USD not only has Rate Cuts starting next week but this week is heavily loaded with CPI & Core CPI Wednesday along with PPI, Core PPI & Unemployement Claims Thursday Sept. 12th!