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Crab

USD/CAD - Harmonic Patterns and Momentum IndicatorsTechnical Analysis of USD/CAD - Harmonic Patterns and Momentum Indicators Overview: The USD/CAD chart illustrates price action on the hourly timeframe, incorporating harmonic patterns, Fibonacci retracements, and momentum indicators to identify potential reversal and continuation points. The presence of a Crab harmonic pattern suggests a critical turning point, while momentum oscillators provide additional confirmation. **Harmonic Pattern Analysis:** 1. A **Crab harmonic pattern** is evident, with the price reaching the terminal point at approximately **1.44627**. 2. The **XA and BC Fibonacci extensions** align with key retracement levels, reinforcing the likelihood of a reversal at this zone. 3. The price has **rejected the high point**, indicating potential exhaustion of bullish momentum. **Support and Resistance Levels:** - **HOP (Harmonic Optimal Point):** **1.44627** - The potential completion zone of the Crab pattern. - **XA Retracement:** **1.43968** - A key structural support level. - **BC Level:** **1.43721** - A secondary support level for price continuation. - **T2 (Target 2):** **1.42596** - A potential downside target if bearish momentum continues. **Momentum Indicators:** - **Stochastic RSI & Relative Strength Index (RSI):** - The **Stochastic RSI** shows a recent overbought condition, followed by a decline, indicating potential bearish momentum. - The **RSI also exhibits bearish divergence**, where price made a higher high while RSI formed a lower high, suggesting weakening bullish strength. **Market Sentiment & Potential Trade Opportunities:** - Given the rejection at **1.44627**, a **short position** could be considered if confirmation of further downside emerges. - A break below **1.43968** could reinforce the bearish bias, with **1.42596** as a potential target. - However, if the price finds support and rebounds, a bullish continuation could be anticipated, requiring further validation. **Conclusion:** The **Crab harmonic pattern, overbought momentum indicators, and Fibonacci confluence suggest a possible bearish reversal**. Traders should monitor **key support levels and momentum shifts** to determine whether the bearish scenario plays out or if buyers regain control. Risk management and confirmation signals are crucial before entering a trade.
Short
by BeaucoupPips
GBP/USD: Distribution Signals a Drop to 1.25GBP/USD appears to be in a distribution phase, struggling to break through resistance around 1.2620. The price has formed multiple rejection points at this level, indicating weakening bullish momentum. The recent lower high, combined with a potential break of the ascending trendline, suggests sellers are regaining control. If price breaches the key support zone, a move towards the 1.2500 region becomes increasingly likely. With a bearish harmonic pattern and liquidity grab indications, GBP/USD could see further downside as selling pressure intensifies.
Short
by BeaucoupPips
GBP/USD at Key Resistance: Potential Reversal or Continuation?The GBP/USD 15-minute chart indicates a strong uptrend, with price action forming a **Crab harmonic pattern**, suggesting a potential overextension. The pair has reached a key resistance zone at **1.26323**, aligning with significant Fibonacci levels, with the **Harmonic Optimal Point (HOP) at 1.26469** acting as a potential reversal area. If a pullback occurs, the first downside targets are 1.26127 and 1.25993 , while the ** 200 EMA ** below may provide further support. A sustained break above 1.26469 could signal continued bullish momentum. Traders should monitor price action for confirmation before positioning accordingly.
Short
by BeaucoupPips
1
GBP/USD Market Analysis – Bearish Reversal from Harmonic PatternThe GBP/USD pair has completed a Crab harmonic pattern , with price reaching the 1.618 extension level and reacting strongly at resistance near 1.2617. The rejection suggests a potential bearish reversal. Initial downside targets (T1 and T2) are at 1.2515 and 1.2445. If price sustains below 1.2593 (AB=CD level), further downside is likely. However, a breakout above the high could invalidate the bearish setup. Traders should watch for confirmation signals before taking positions.
Short
by BeaucoupPips
Selling FTSE at the all time high of 8690The FTSE has reached a critical level and looks ready to come down. 1) There is a double top on D1 with Divergence 2) There is a huge pattern to sell for the 2nd time and target 8260 area 3) There is a smaller pattern to sell as well with a smaller stop loss. We will take this trade with a smaller stop loss and the big target. This will be a long term trade that may take time to materialize but we will actively monitor it for profits.
SPREADEX:FTSEShort
by JavonDias_Trading
USDJPY with a 2.95 Profit Factor on the 1-Hourly ChartI’m keeping a close eye on USDJPY right now, and here’s why: - High Profit Factor : Target 1 offers a whopping 2.95 Profit Factor, which is quite attractive. - Timing : Even though NFP is coming up tomorrow, this trade is on the 1-hourly chart. It’s possible that price action could reach my first target or meet the criteria that allows me to shift my stop to entry, thus achieving a risk-free trade, before the big event. Key Points to Remember: - Volatility Alert : NFP can cause sudden market movements. Keep that in mind and monitor your positions closely. - Risk Management : Once the market fulfills the criteria for Target 1, I plan to shift my stop to entry. This approach helps protect any unrealized gains and reduces stress during high-volatility news. If you’re considering this trade, stay cautious around the NFP release, and remember to include our stop-loss buffer to manage your risk effectively. What’s your take on USDJPY heading into NFP? Are you eyeing any other setups? Share your thoughts below! Happy trading, everyone! 🚀
Long
by RaynLim
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
OTC:FNMALong
by dionvuletich
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.
NSE:NIFTYLong
by maniraja5599
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.
TVC:US10Y
by UnknownUnicorn22680872
3
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
NSE:RELIANCELong
by rajeevmmails
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
NSE:SBILIFELong
by rajeevmmails
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! 🚀
Short
by RaynLim