GBPUSD 4 hr. Forecast for review and comment!#GBPUSD has formed a Deep Crab harmonic pattern in the 4-hour time frame with a good positive regular divergence at the bottom, probability of an increase is high on the condition of breakout the pivot point standard line and the mentioned dynamic trigger. The rate can In an upward rally could complete a shark harmonic pattern in order to answer to the Deep Crab!
Crab
Bat and Crab on CIBearish Bat on CI
You can ride the journey on CD as the final leg of the bearish bat pattern completes.
TP1: 88.6 % of XA when the bearish bat pattern is complete.
If trend turns bearish at that point, CI can be shorted all the way down to 38.2% of AD and then to 61.8% of AD.
If the uptrend continues ie. beyond TP1, the pattern will then be a crab pattern. You can then ride the extended CD journey upwards. In this case TP2 = 161% of XA.
SOL/USDT 15m - (Harmonic) Crab PatternI'm waiting for lower prices from today since we can lose the local uptrend to continue with the HTF downtrend, with this tendency being broken we can rejoin the previous local range from VAH to VAL and even lower.
We have the general POC of the entire market record from the Bybit chart also a 4h level flips near as well.
If the harmonic plays, I'm going to join to charge my position to the VAL of the range
SHORT
Position: 20.485
Leverage: 20x
Bearish Momentum Continues!📉 Monthly Chart:
- Support at 0.6160, but no end to bearish trend.
- Consider countertrend moves carefully.
📉 Weekly Chart:
- Market near resistance, but don't miss the bigger picture.
- Be cautious with countertrend trades.
📉 Daily Chart:
- Strong bearish movement.
- Market shows weakness at previous resistance.
📉 Four-Hour & One-Hour Charts:
- Potential countertrend opportunities, but be cautious.
- Look for confirmation before engaging in trades.
💡 Trading Strategies:
- Weekly chart: Gartley pattern at 0.6173 for patient buyers.
- Daily chart: Bullish crab pattern at 0.6191 for buying opportunity.
- One-hour chart: Counter trend buying opportunity around 0.6400 if market breaks lower.
US Dollar Still Bullish📊 Weekly Chart: Bearish bat pattern suggests shorting at 149.33.
📈 Daily Chart: Bullish movement, no shorting opportunity.
📉 Four Hour Chart: ABCD pattern at 147.76, potential shorting level.
🕐 One Hour Chart: Bullish bat pattern with running profits.
🌟 Weekly Chart Insight:
- Bearish bat pattern for potential shorting.
- Waiting for confirmation at higher levels.
📊 Daily Chart:
- Bearish crab pattern at 150.41.
- Focus on 144.79 for buying opportunity.
💡 Trading Opportunities:
- Potential short at 149.33.
- Buy on retest of 144.79.
📉 Four Hour Chart:
- Shorting opportunity at 147.76.
- Consider retest at 144.62 for shorting.
🦇 One Hour Chart:
- Running profits from bullish bat pattern.
- Wait for the violation of 146.29 for resistance confirmation.
BTC/USDT - Crab (Harmonic Pattern) 15mI'm currently looking at this 15m chart and notice a possible crab pattern since I've got a long position open from 25776.
I was waiting for 0.618 fib retracement in point C to charge my position but didn't work, after the retracement finished, I just charged anyway.
*Summary: I'm waiting for that D point in 1.612 to take a profit of 75% and then open a new short position, hopefully, we can get a 10% profit with a 1:3 ratio
BTCUSD and this nice looking Bullish CrabSame as ETHUSD, bitcoin is forming a nice looking bullish crab. With all the negative fear showing, I would like to take your attention to this interestingly looking bullish harmonic pattern.
In addition to this, I would like to mention that the astrological profile for today and this weekend is on the positive side for btc.
TSLA -- short for a swing.Going into Labor Day weekend I like to have a little short. TSLA has outperformed over the 2-yr, 1-yr, and 6-mo time frames, but has under-performed more recently. The upswing over the last 10 days may prove to be a counter-trend move in the context of the downtrend. There are a number of related harmonic patterns that are suggesting as much.
Beyond that, I don't have any great conviction in the trade. I was looking for a short and this one checks a bunch of boxes.
My SL and T1 will follow the deep crab pattern shown on the chart.
GBPJPY: Bearish Crab with Bearish Divergence Re-EntryGBPJPY sits a bit above the PCZ but still shows signs of weakness and has now broken below the faster moving EMAs, if things go as expected, it will start to get pulled back below the 1.618 and begin the greater move down from there as the Japanese Yen does better against the US Dollar than most other pairs.
Macro Bullish BAT, SHARK, and Deep CrabAn extreme speculation outlook on where support may come in for BTC. BAT, SHARK, and Deep Crab all lining up at the 88.6 of the macro fib. The C point is purely up in the air where that could end up, but this must pump up to make a lower high at C to come all the way back to 21k for the full completion to D. Multiple patterns are lining up with this price target. Not to mention a higher low to be put in. From there, this could even go lower, creating another Deep Crab at 12k for the Full .886 of the bull run Shark.
McDonald's Corp: Bearish Deep Crab with Double PPO ConfirmationWe have a Bearish Deep Crab with a PPO Confirmation Arrow and a Circle with MACD Bearish Divergence and have broken below the faster moving EMAs. I would next expect this to make at least a 61.8% Retrace, which would take it back to about $185.
This makes the third major Dow 30 Stock that has signalled something ultra bearish like this; the other two being UNH and MSFT, which can be seen below:
We are likely looking at a major correction coming to the Dow Jones Industrial Average very soon.
Unraveling Dollar Yen's Trading MazeHey there, traders! 🌟 Let's delve into the tricky landscape of dollar yen – a setup that demands our attention. The overarching trend suggests a bullish journey, but buckle up, because there are twists ahead. 📈
News flashes about the potential Bank of Japan (BOJ) intervention and the recent wastewater stir have stirred the pot. 🌊⚖️
For the conservative trader, a week of observation might be prudent. But for those risk-savvy, why not seize the day? When big news lurks, colossal movement follows, and with the right risk management, why not chase those opportunities? 💼💰
Gazing at the weekly chart, we spot a retest at the previous high – a pivotal zone for the week. The tantalizing prospect of a break and close above this high tantalizes for a continued rally. But guess what? Immediate resistance lurks nearby. 🛑📊
In the grand scheme, to sustain a bullish trajectory, the magic number is 152.02 on the weekly chart. 🚀
Shifting to daily charts, the high gets retested with a sly RSI divergence – a whisper of counter trend play, perhaps?
Now, for the four-hour setup, a familiar pattern – retest, RSI divergence – all hinting at an intriguing possibility.
And guess what? The one-hour chart mirrors this with its own RSI divergence dance. 🎭📉
For the curious minds eager to learn trading nuances.
Now, let's revisit our trusty weekly chart and unfurl our analysis on Dollar Yen. A bearish bat pattern beckons a shorting venture at 149.40. Daily chart enthusiasts, the confirmation for crab pattern enthusiasts swings by at 150.45.
Are you eyeing a buy? Retest the immediate support at 144.65 for a potential entrance.
Zooming into the four-hour chart, ABCD pattern aficionados can keep an eye on 147.79 for counter trading maneuvers.
Buying prospects? 144.62 or 144.02 could be your calling.
Remember, when the market respects these levels and avoids sinking further, it signals the support's sturdy stance. 🏗️
And oh, the sweet RSI divergence on the one-hour chart – a touch of icing on our trading cake. Once 146.55 gets a respectful tap, I'll be diving into an aggressive counter trade. 🚀
CAH: Bearish Crab with PPO Confirmation on the WeeklyCardinal Health has traded up to a Macro Supply Line which happened to align with the BAMM Target of a Bearish Crab and from there we formed MACD Bearish Divergence and got the strongest form of PPO Confirmation, as a result I now expect that we will begin a very deep retracement back down similarly to how Strongly CVS has responded to its own topping pattern which can be seen in the Idea Below:
A Dive into the Australian DollarTrading strategies offer a captivating avenue, providing opportunities to engage trades with less overthinking. In the case of the Australian dollar, however, it has displayed weakness, manifesting a bearish trajectory. Let's explore this together. On the weekly chart, an important point arises – the violation of the previous low. While not a critical support level, it warrants attention.
Shifting to the daily chart, a significant support breach is evident, potentially inviting bearish traders seeking shorting prospects in the upcoming week. 📊📉
Zooming into the four-hour chart, the market witnesses a robust bearish movement that transitions into consolidation. This consolidation beckons Counter-Trend Traders to consider buying within this region, while Trend Traders eye selling opportunities around 0.6441. The one-hour chart unveils a similar consolidation, often breeding patterns that attract a flurry of traders. This is a pair that should not be underestimated or overlooked. 📈🔄
Revisiting the weekly chart, trading strategies come into play. The bullish gartley pattern at "X" carries a warning – its slight dip below the pattern merits careful interpretation, contingent on your candle reading skills and trading rules. This approach has worked seamlessly within my trading setup, tailored to specific currency pairs and timeframes.
Shifting to the daily chart, sideway movement and increased volatility have persisted for months, casting caution for those seeking buying opportunities on previous support levels. The awareness to discern this pattern could have spared traders potential losses. 📉📈
An intriguing setup emerges – a crab pattern at 0.6193. A counter-trend buying opportunity beckons, although emphasis on magic candle confirmation at the PRZ remains paramount. Progressing to the four-hour chart, my focus is elsewhere. While trendlines and resistance at 0.6439 suggest shorting prospects, they do not capture my attention. 📈📉
The one-hour chart, however, holds promise. A deep gartley pattern setup at 0.6470 signals a shorting opportunity. Upon achieving and surpassing my first target, I may choose to maintain the trade, securing profits. If you're drawn to the allure of dedicating just 15 minutes a day for enhanced income, even to potentially replace your current job, don't hesitate to drop me a message. Let's explore this avenue together. 📈💰
USDJPY time to SKYROCKET? Crab-patternToday, we have USD news. The idea is to buy the rumor and sell the news. We have B: 50%, C: 71%, D:161.8%...
The crab pattern
Another Scott Carney discovery, the Crab follows an X-A, A-B, B-C and C-D pattern, which allows traders to enter the market at extreme highs or lows. The most important feature of the crab pattern is the 1.618 extension of the XA movement that determines the PRZ. In its bullish version of the Crab, the first leg forms when the price rises sharply from point X to point A. The AB leg retraces between 38.2% and 61.8% of XA. This is then followed by an extreme projection of BC (2.618 - 3.14 - 3.618), which identifies a valid area for the completion of the pattern and the potential reversal of the current trend. (info by IG)
SL above 30 pips.
TP: 30, 50, 75, 100 pips.
Buy by market.
Risk: 0.1 lot.
NZDCAD: 4HR Double Bullish Harmonic with PPO ConfirmationWe have 4HR PPO confirmation at a Previous Support Level that aligns with the HOP levels of a Bullish Gartley and Bullish Crab pattern. If we get the expected performance, the NZD will hit 0.85 CAD, but could go as high as 0.89 CAD which would be the 1.618 Extension.
Chinese Yuan Price Action Setting Up For a Potential CollapseWe have a huge Void below us and the Yuan has Rallied away from this Void before, but it appears to now be making a Lower High with Hidden Bearish Divergence on Both the RSI and MACD; If the Yuan Breaks Below the B point of this Potential Crab BAMM which also happens to be The Confirmation Line of what would then also be a 3 Falling Peaks Pattern, we will very likely then see Downwards Acceleration Towards the 1.618 Fibonacci Extension Below to Complete the Harmonic Pattern
Riding the Bullish Tide on Pound-Dollar Hello traders! Let's delve into the Pound-Dollar landscape and identify potential buying opportunities. 🇬🇧💱
📊 Weekly Chart Insights 📊
The bullish trend on Pound-Dollar persists, presenting a potential buying chance this week. On the weekly chart, the market retraced to the previous support level, respecting it at 1.2632. This could be a zone to watch for potential buying.
💡 Daily Chart Observations 💡
While the daily chart may seem like a potential head and shoulders setup, I personally refrain from this trade as it doesn't align with my filters and rules. Nonetheless, consider a buying option around 1.2608 if you're inclined.
🔄 Navigating Consolidation 🔄
A closer look at the four-hour chart reveals consolidation. This scenario can be advantageous for traders on lower timeframes like 1-hour and 15-minute, who can seek counter-trend opportunities or harmonic patterns within this zone.
📊 Charting Strategies 📊
Returning to the weekly chart, remember the key buying zone lies between 1.2595 and 1.2632. Respect for the 1.2595 level is pivotal. On the daily chart, a Gartley pattern surfaces, but I lean cautious due to an elongated shadow.
⚙️ Refining Entries ⚙️
For those seeking confirmation, explore the four-hour chart's retest for an improved entry and tighter stop loss. Conversely, a bearish Gartley pattern at 1.2838 could entice shorters.
🔍 The One-Hour Chart 🔍
Keep an eye on 1.2735 on the one-hour chart—a countertrend opportunity in line with higher timeframe trends. Approaching the sell zone, an opportunity might emerge.
BUY USDCHFAfter an extremely poor performance of the USD on this pair, we saw an even deeper fall after yesterday's US inflation report,.. However, price has reached the potential reverse zone of a bullish Harmonic Crab pattern,.. we have longed the market in this regard,. remember to manage you risk.