Reduction target 22$According to the Butterfly pattern, the decline at the target of $ 22 perfectly converges. This should happen within a year, there will be a great point for going to long.
Crab
Navigating Bullish Momentum Amidst Potential Caution SignsIf you caught my last week's analysis, along with the accompanying article on Trading View, you can dive deeper into the details by clicking the link.
In my previous analysis, I emphasized the significance of waiting for the Bearish Crab Pattern confirmation on the Daily Chart before considering a shorting opportunity.
Now, let's delve into why this is crucial:
It enables you to distinguish between astute analysis and a sales-driven approach often seen in the financial world.
If you happened to miss the initial shorting opportunity, there are three viable options to consider:
Option 1 : A retest on the Bearish Crab Pattern on the daily chart at 150.43, presenting another potential shorting opportunity.
Option 2 : A retest on the Bearish Shark Pattern on the 4-hourly chart at 150.45. These levels may appear close, but they entail different timeframes for trading confirmation.
Option 3 : You might opt to await a retest of the trendline on the 4-hourly chart before engaging in this counter-trend trade.
The critical question now arises: Which of these three options aligns best with your trading strategy, and why? I'm eager to hear your thoughts. Share your insights below!
Netflix: Bearish Crab with Bearish ConfirmationNetflix recently traded just above the HOP level of a Bearish crab and has since gapped down below the 1.618 PCZ and given us a Bearish Divergence on all Oscillators as well as PPO Circle Confirmation. We could see Netflix begin a full retrace of the Harmonic range from here.
MCOM: 3 Line Strike at PCZ of Bullish Deep CrabThe RSI is peaking above the oversold zone after confirming a Bullish engulfing and very nearly confirming a 3 Line Strike at the PCZ of a Bullish Deep Crab.
I do not normally enter stocks like this, but seeing how cheap this stock is and how the market cap is only $5 Million, yet the annual revenue is more than half of that, along with the fact that there is a bit of a technical argument for a gap fill from these levels, I decided it was worth taking a small chance on this stock to see if it can gain some major upside.
Cashing in on Potential USDJPY Pullback Profits!
The USDJPY pair continues its strong bullish movement, even on the Weekly Chart, reaffirming the prevailing uptrend.
Counter-Trend Strategy:
As a counter-trend trader by nature, I'm on the lookout for shorting opportunities.
Trade Possibilities:
Weekly Chart: A potential Bearish Fib-3 Bat pattern could offer an entry point for a pullback trade. However, I'm mindful of not waiting for excessive confirmation and potentially missing out on a 300-pip profit potential.
Daily Chart: Keeping an eye on a potential Bearish Crab Pattern confirmation at 150.43.
Intra-Day Traders: Consider waiting for the completion
of a Bearish Shark Pattern at 149.96.
I'm curious about your trade plan. What are your thoughts? Feel free to comment below.
Returning to 1.22500? GBPUSDOn the H1 price is currently consolidating, building liquidity before shifting to the next move. With the struggle of price breaking down, to continue further going low, I'm keeping an eye around 1.22500 as the area price may return before attempting to go short again.
LMT: Bearish 5-0 with Hidden Bearish DivergenceLMT, after Double Topping at the PCZ of a Bearish Deep Crab, has decided to attempt to finish off this bearish range with a Bearish 5-0, if successful, we could see LMT push significantly below $400.
Strong Bullish Trend for High Returns!The USDJPY is currently experiencing an upward trend. To capitalize on this trend, I plan to wait for a chance to buy at the Fib-3 Bat Pattern completion on the 1-hourly chart at 149.09.
However, it's important to note that both the 4-hour and daily charts show a Bearish Harmonic Pattern that completes at a similar level of 150.41. As such, it would be best to wait for a candlestick pattern completion before considering a counter-trend trade.
Bullish Momentum and Shorting TacticsGBPUSD is currently at its last support on the bullish trend. If the market closes below 1.1799 on the weekly chart, it will turn bearish.
For those seeking a buying opportunity, the Bullish Crab Pattern may present a good chance at 1.2132 on the retest.
Google: Bearish Deep Crab Dark Cloud Cover Type 2 Return EntryGoogle, after its initial bearish reaction to the PCZ, has returned to the PCZ as the RSI managed to make a 3rd lower high and is set up to give us an impulsive move downwards in the coming days. We also confirmed a textbook Dark Cloud Cover today after the rejection of the ascending trend line.
I think we will see extreme downside from Google pretty soon that will undo most, if not all of its 2023 upside price action.
GBPNZD - SHORT - Revised GBPNZD is making a crab pattern with a Bearish Divergence near a supply zone.
Exploring Shorting OpportunitiesUSDJPY is currently on a Bullish Trend, but I am keeping an eye out for a shorting opportunity.
After analyzing the weekly chart, I have identified a bearish bat pattern that could potentially be a good opportunity to short the market. We just need to wait for a candlestick confirmation and for the market to close at 146.96 to seal the deal.
Alternatively, there are also bearish crab patterns on both the 4-hourly chart at 150.43 and the 1-hourly chart at 149.81 that could be worth considering, depending on how aggressive we want to be with this trade.
It's worth noting that this trade is a bit tricky, as we may need to be patient and persistent in poking the bear until it starts to give us the bear run we're looking for. If we're too quick to shift stops to entry, we may get stop out a few times, but that doesn't necessarily mean losses for the trade.
Overall, I believe we have a good plan in place and I'm excited to see how this trade plays out. Let me know if you have any questions or concerns.
Another possible nasdaq scenarioI imposed the first Butterfly pattern on NQ, perhaps the values are not correct in the present pattern, but the values are correct with maximum accuracy with the parameters with which I compared. And if this is the right scenario, then our fall target will be around 8000-10000. A more precise purpose of the fall will be clear upon the execution of the value, I will follow this and write the continuation of the post.
BTCUSD: PPO Intraday Bearish Gartley Breaking DownBTC reacted the first time to the first Bearish Gartley in price, but it failed to break down below the range and came back up. This time it looks like the Price Action Gartley turned into a Crab while the Gartley in the PPO has still held on and is breaking down below its range. Due to this, I see this as another chance to try to target below the range from here.
Brarish Deep Crab PatternCCJ completed a potential Deep Crab Harmonic Pattern. I have outlined entry , profit targets and stop loss. Good luck.
XAUUSD ADVANCE HARMONICS PATTERN CRAB BEARISHXAUUSD has formed an advance harmonics pattern crab bearish on its hourly chart.
The price is trading below the EL: 2062.79.
ST: 2044.94
Targets:
62% AB: 1996.48
79% AB:1985.42
127% AB: 1954.70
162% AB: 1900.09
BB: Is at the PCZ of a Bullish Gartley and a Bullish Deep CrabBlackBerry is attempting a spring-and-back-test-of-spring at the bottom of the range that it's been trading within since 2012, and the level happens to align with the PCZ of a huge Bullish Deep on the left, to which it has reacted once before, and on its way to testing the zone a second time and back testing the spring. It's also formed a smaller, more localized Bullish Deep Gartley with some hidden Bullish Divergence on the MACD. If it manages to get back above $5 and stay above $5 in the active session, we would then have room to see it pump all the way up to $24.89 really fast as that is the next major level above and near the 200-Month SMA, but if things really want to get serious, we could see BB complete a Full Measured move of this range which would take it all the way up to the 50% retrace up at around $45.39
Kroger: Bearish Crab with an Ascending Broadening WedgeKroger has formed an Ascending Broadening Wedge and blasted pass the 1.618 PCZ leading to an ultimate test of the 1.902 HOP level, now KR is trading below the PCZ and has tested it as resistance multiple times this year and has broken below the Demand Line of an Ascending Broadening Wedge. From here out I think the target will be a minimum of $22.32 which would be the 0.886 fibonacci retrace but it could go as low as $17.37 as that would be the standard target of the Ascending Broadening Wedge.
In addition to that, the PPO may soon break below its Demand Line.
NZDUSD H1 CRAB PETTERNHello traders. I see CRAB pattern on NZDUSD H1 chart.
1. TARGET 0.59489
2. TARGET 0.59196
STOP 0.60000
Good luck everybody.
EURUSD H1 DEEP CRAB PATTERNHello traders. I see DEEP CRAB pattern on EURUSD H1 chart.
1. TARGET 1.07100
2. TARGET 1.07250
STOP 1.06170
Good luck everybody.
USDCHF H1 DEEP CRAB + ABCD + RSI DIVERGENCEHello traders. I see DEEP CRAB pattern, ABCD pattern and RSI divergence on USDCHF H1 chart. At the same time, based on the Elliott wave count, I predict that the price is approaching the end of the 5th wave.
TARGET 0.89380
STOP 0.90120
Good luck everybody.
SPXL: Bearish Deep Crab with PPO Confirmation at HOP LevelThis is the 3x Leveraged ETF for the SPY, and at the moment we have a 3 Line Strike with a PPO Confirmation Arrow at the HOP level of a Bearish Deep Crab with Bearish RSI Divergence.
If this plays out, I think the SPXL will at least make a 0.618 Retrace of the range, but it could go as deep as 100% or even more.
