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Crabpatterns

EURUSD-Weekly Market Analysis-Dec22,Wk3EURUSD is on a Bullish Trend. However, I am waiting for a counter-trend trading approach. I've two ways of engaging the trade. The first way is to wait for candlestick confirmation and take the trade based on the Weekly Chart's Key Resistance Level in combination with a Bearish Crab Patterns trading setup, a more aggressive approach is to wait for a break and close below the trendline on the 4-hourly chart to engage the trade. So let me know if you need the analysis on this.
Short
by RaynLim
2
AbbVie (ABBV) ... Call a Medic please What Happens when Bearish Harmonic Crabs and Cyphers Meet ?? Of all the major 11 S&P sub-sectors, the Health care (XLV) seems the most technically vunerable. (see insert) Herein we have a well formed Gartley pattern waiting to roll over. Drilling down to the major holdings of this index, AbbVie Inc. (ABBV) also looks the most vulnerable and ready to roll over, I see two cypher patterns and one crab terminating. That said, latter is under-formed and I would like to see this crab in waiting terminate in the low $170's to short or exit a long position. Also the Cypher patterns sometimes turn into Sharks... another eventuality that may happen. Additionally my momentum indicator in the lower panel needs to decisively roll over. So we need more pieces in place. Lots of volatility this week, the Fed, Oil and probably the beginning of holiday constricted trade, I will advise of a position taken. Not Investment advice, do your own due diligence and respect overall broad markets and trends, S.
NYSE:ABBV
by Steve666
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