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Crabpatterns

A busy week for the US DollarFor every decent move in a single currency, we need a catalyst. This week we have two for the US Dollar Tuesday, we have the much-anticipated CPI (Consumer Price Index), inflation indicator. Exp: MoM 0.6% YoY 6.4%. This is closely followed by Fed Interest Rate decision and policy statement on Wednesday. My tealeaves are suggesting that we move lower on Tuesday, but only to complete the downward cycle to then get flipped USD(DXY) bullish on Wednesday. Let us look at some charts and what trades I am looking to take: US Dollar Index daily My bespoke support is seen at 103.44 and 103.37. I like it when the support bands are close. We will complete a bullish Crab formation between 103.30 and 103.05. Looking to the 4hr chart, and we could stop short at 103.62, completing a butterfly pattern. Both patterns are bullish. With this in mind, my trade call is: Buying DXY @ 103.62. Stop at 102.90. Target 109.40. R Ratio 8.03 (medium-term trade).
TVC:DXYLong
by IanColeman
Gold.... a new Dawn or just another Sunset ??An update of my October 14th note. Two Harmonic patterns still remain in force after recent challenges. (ABCD and Crab) Possible triple bottom in place around the $1620 area. We have effectively reached the first ABCD target. An arc has been added to give context and show support levels I should expect some retreat from Fridays $50+ rise, $1670 remains critical support for longer term appreciation. Supply resistance levels are $1680 and $1732. Miners should lag as their margins are under pressure and I expect year-end tax selling. But pay attention to the HUI, GDX and GDXJ. Jury is till out if this is a major reversal. If it is the there is no need for FOMO. Stay cautious and nibble. As always not investment advice and DYODD Good trading. S.
TVC:GOLD
by Steve666
3
STG (1H) Crab PatternThe information contained herein has been prepared for general information purposes only. The comments and recommendations contained herein are based on the personal opinions of commenters and recommenders. It should not be interpreted as a buy-sell recommendation or a promise of return on any investment instrument. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
Short
by Fibo114
Crab Pattern Suggest a Bullish Movement For BTC!🌳BTC was in an Ascending Triangle .This means the Price Can Increase as Much as the Measured Price Movement( AB=CD ). SInce The Break out Has Happened,The Price can Increase Further without any problems. also if we Put Crab Harmonic Pattern on the Chart, We can See That The Price is Capable to reach around 24K$ Pretty Easily. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck
COINBASE:BTCUSDLong
by CobraVanguard
8
Gold...and those CrabsHarmonically at least, Gold appears to be operating under two crab harmonic patterns. The longer pattern, in place since the peak on March 8th 2022, has hit its target 1. The shorter Deep Crab Pattern has hit targets 1 and 2. In the short term, it would not be unreasonable for Gold to retreat back to the late September low. A solid bottom here should trigger a retest of the original targets and perhaps more follow-through. As confirmation, I would want the stochastic indicator to head down the 25 level and reverse. Assuming a position my stop would be just under $1600. So I am waiting for sub $1620 and then I will take a hard look at a long position. This is not investment advice and so your own due diligence. S.
G
by Steve666
2