Canadian National Resources (CNQ) ... In Deep Crab territoryCNQ on the TSX would be a likely sale candidate if oil rolls over.
Recent price action has traced out a Deep Crab Harmonic Pattern.
While Deep Crabs are quite reliable, Point D often extends past 1.618 to the 1.92 area.
So watch this with an eye to take advantage of price exhaustion.
I have added a WTI overlay in $CAD for reference.
Not investment advice. Do your own due diligence.
S.
Crab
EURJPY - Bearish Deep Crab HOP LevelA Bearish Deep Crab pattern has touched the D-Point completion at 132.45. Counter Trend traders can consider engaging in the trade.
Conservative traders can wait for
1) Further consolidation and make sure it didn't break and close above 132.77 for a shorting opportunity.
2) Wait for consolidation to happen at 133.60 for a shorting opportunity as a second chance entry for a shorting opportunity. That level coincides with the daily chart bearish bat pattern.
Potential Deep CrabGBPNZD - Potential Daily Crab, D leg lands in the daily demand zone, clears an imbalance and taps a refined OB (This is my ideal entry for a buy, highest probably, lowest DD trade)
However price may just clear the daily imbalance (1.93043 level) and then reverse!
Will be watching PA as it reaches this level. First level ill take a swing with LTF confirmation at the first if price bounces, and if price comes to mitigate the second level ill add a second order.
Whats your thoughts?
Gold... A Menagerie of Harmonics
Lots of patterns in play as we approach NFP (Non Farm Payroll) tomorrow.watch politicians make fools of themselves, get deeper in debt ... as world tensions increase.
Take your choice,
I personally favour the $1710 area as the next stop but who knows.
Be flexible and nimble.
Not investment advice
S.
Crab Complete Now The Bat! Crab completed along with small rejection now i'm looking to trade the CD leg of the bat, we have a very strong OB at 154.673 area, the bat could easily turn into a shark pattern sending us into some DD but I'd rather get in early in case we miss a potential reversal, start with small lots until we get confirmation of PA reversal if your trading this potential retracement!
Potential Deep Crab,GBPNZD - Potential Deep Crab, I'm waiting for a trendline break to potentially scalp down to the D point. There's lot's of liquidity lying in-between current price and the Crabs D point, the D point also lands on the previous weekly low which is also the point of a strong OB, lots of confluence in this zone!
BTC/USD BEARISH Harmonic patterns very critical situationBITSTAMP:BTCUSD
We have two harmonic patterns here:
1- Cypher
2- Perfect Crab
if the price fail the Harmonic patterns , price can be goes up to next cluster about 62
!!!Please be carefull because we have 2 cluster of 2 Powefull harmonic patterns!!!
An also we have TIME ANALYSIS here between (23-25 oct) that we have High Major pivot
and after that we maybe have some retracement in that time zone
Good luck :)
BAKE VERY BULLISH $2 INCOMING? BAKE has a Bullish Crab pattern forming up on higher timeframe, TF used in this chart is 8hours, we have the last resistance to break and $BAKE will fly.
Some more confluences:
(1). Bullish Crab Harmonics Pattern.
(2). RSI is super bullish.
(3). We have a double bottom with major support.
(4). Very strong Support sitting at $1.459
Entry: Entry is here at $1.792
TP1: $2
TP2: $2.128
TP3: $2.352
TP4: $2.569
TP5: HOLD THE FREE RUNNERS FOR MOON FLIGHT!
American Barrick (Gold:NYSE) ....(My Game Plan)
I am looking at a American Barrick (GOLD) purchase opportunity on weakness at slightly lower levels.
My trigger level is a PRZ (Price Reversal Zone) from approx $16.90 to $15.90 which would satisfy the completion of a bearish Crab pattern and the initiation of the final leg of Cypher pattern whose price objectiveiisi around the $27 level.
If things fully work out, and they rarely all do, this idea thus carries a 10:1 reward ratio.
Now you have to like gold in general and gold shares in particular to even consider this trade.
Barrick's price momentum seems extended and subject to weakness.
Barrick recently increased their dividend and one should expect more as major gold companies are experiencing major free cash flow surpluses.
2 points to consider in the shorter term:
1) We have a small gap above here which may be filled and
2)the completion of an ABCD leg may draw in some bottom feeders.
If we take out the dotted blue line I may have to reevaluate my thinking.
This is a 4 hour chart.
Watch the broad market, the Gold price and the GDX for further directional clues.
As always this is not investment advice and do your own due diligence on any positions.
We are coming into a period of characteristically rapid turmoil so don't be married to any position or view and be nimble.
If in doubt... stand aside !!
Good Luck
S.
Trade Complete, Now Potential Crab Todays trade completed, beautiful, no DD 120 Pips, i've taken profits due to hitting some liquidity, price may get choppy and its probably not worth holding so im going to wait for the price to hit my Buy zone (D point of the crab)
This fills a nice imbalance, moves nicely with PA and lands nicely on an OB! Mark this level up for an alert on your charts!
GER30 4HR DEEP CRAB 15045 | T2 REVERSAL
Type 2 reversal off the HOP around 14820. Expecting to see bullish impplements above the Focus point at 15045. Price has already showed bullish confirmations above the Terminal range.
Targets: 15410 - 15648
My style of trading focuses on flowing with the trend, and patiently waiting for the story price reveals. Fibonacci, Harmonic Patterns, Wave Sequences, Price Action, and a mixture of Multi-Time Frame Confluence. Most importantly the visual realization of emotions cycled into the chart.
As always THANK YOU and if you found this video helpful, please let me know by giving a like and/or leaving a comment below.
Also, feel free to share your opinion on this setup or any other. The more ideas we can generate together, the more information we can spread to the trading community. STAY PATIENT & BLESSED!
~T$