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Cypher-harmonic

Unfolding Patterns in Gold: Bullish Gartley and Bearish CypherGood day traders, It's been a while, and I trust everyone has been doing great. Permit me to share my thoughts on the Gold market and the potentially unfolding patterns I am anticipating. In the current gold market, I have identified two potential harmonic patterns that may be unfolding. The first and larger pattern is a potential bullish Gartley pattern. The X leg originates at 2286.83, and the A leg peaks at 2483.74, establishing the impulse legs. The B leg appears to have completed at 2365.915, corresponding to a 61.8% retracement of the XA leg. At the B leg, the price seems to be finding support. If this support holds, I anticipate a rally towards the 2430-2442 region to form the C leg. Subsequently, I would expect a price drop, provided it is indeed a Gartley pattern. A decline below 2341.540 would invalidate the Gartley pattern formation. The second and smaller pattern is a potential bearish Cypher pattern. The X leg began at 2483.74, and the A leg seems to have completed at 2383.930. The XA leg was retraced by less than 50% Fibonacci at 2413.715, forming the B leg. Currently, it appears that the price is finding support at 2365.915, which could potentially be the C leg. If this support level holds, we might expect a rally towards the 2430-2442 region, confirming the larger Gartley pattern. If the Cypher pattern is valid, we could see a further rise in price towards the 2471.64 and 2480.00 region to complete the bearish Cypher before a subsequent drop. A drop below 2363.655 would invalidate the potential Cypher pattern formation. It would be best to wait for a break above the 2384.518 price region in order to allow the market show commitment to move higher. This could provide additional confidence in the outlined outlook. Please note that these patterns may not be formed eventually. Cheers and happy trading!
OANDA:XAUUSDLong
by Samuel124
6
Cypher Bearish Pattern on ROKU (3H Timeframe)🔍 Overview: Spotted a bearish Cypher pattern on ROKU's 3-hour chart. This setup looks promising for a short trade! 📉 The RVOL average is increasing, which gives us a bearish confirmation. However, be cautious as the "High Volatility" dots indicate potential for drastic and unpredictable moves. 📊 📉 Chart Analysis: 1️⃣ The Cypher pattern indicates a potential reversal from the recent uptrend, with resistance around the $64.28 level. 2️⃣ The increasing RVOL average supports the bearish sentiment, suggesting more sellers are entering the market. 📈 🎯 Trade Setup: Entry Point: Look for confirmations as the price approaches the resistance level. Target 1: $58.86 💰 Stop Loss: $64.28 🚨 📝 Why I'm Interested: The combination of the Cypher pattern and increasing RVOL provides a strong bearish signal. The "High Volatility" dots highlight the need for caution but also present an opportunity for quick profits if managed carefully. 📊📉 📅 Timeframe: Monitoring this setup on a 3-hour chart, so keep an eye on shorter-term price movements. ⏳ 🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑✌️ #ROKU #CypherPattern #RVOL #HighVolatility #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
NASDAQ:ROKUShort
by TradeTalkFarsi
DKNG final pattern to target Doing a final look at the price action of DKNG and it seems we are in a huge cypher pattern. Price will need to kick back up and hold at 30 (magenta line). Its been my experience these patterns typically have the deep retracement and then rally back upside. They can be fast going up and then dramatically deceiving and slow coming down. The pattern terminates 37.55 , but the Gann box is at 40.. so I am suspecting (without confirmation at this time) that a new mico bullish harmonic will develop at the APEX. Thsi is also near the 3/1 Gann angle and usually is a strong terminating or promoting area. In this case I think this pattern will draw in late comers and then the dramatic drop in price will commence, but 40 remains the target until we can get additional information later in this cycle. NOTE: The top is the same top from the previous charts for DKNG.
NASDAQ:DKNGLong
by Moorsc0de
BTC Geometric Price and Time projectionThis chart looks at a 200-day dominant cycle of BTC (current DC is actually 185 days peak to peak represented int he Gann Box). Based on this analysis with geometry and gann boxes at the 185-day dominant cycle length, I see a price for BTC at 39K by October. I think this is a very conservative target. That said the geometry of it all cannot be ignored. The 0.25 and 2.5 shows up in multiple places with a perfect 0.33 on the 0.25 Gann Box representing the price axis bringing completion of peak to peak at 185-200 day cycle around 39,000 - 40,000. I could also see a flash dump in the next day or two down to 29,600, but that is the bottom. BTC has moved sideways for the majority of its declining cycle strength which tells me it has strength. Long story short I would not be trading this market and accumulating for the longer-term is probably the best move.
INDEX:BTCUSDLong
by pasenner23
AMP Bullish harmonic cypher showing potential price outbreakHello Today I bring you a harmonic cypher showing bullish signs on AMP. A typical harmonic cypher pattern is bullish IF: The initial leg, the XA leg, rallies higher from the starting point at X. The AB leg moves lower to retrace the XA leg. This retracement should bring prices to between the 38.2 to 61.8 percent level of the XA leg. The BC leg moves higher and takes out the swing high at point A, and terminating between the 127.2 and 141.4 projection of the initial XA leg. The CD leg moves lower and terminates near the 78.6% retracement level of the price move from point X to point C. Upon the price reaching the 78.6% retracement level at point D, the bullish Cypher pattern is considered complete, and a price rise is expected. The retracement percentage to point D did not reach past 70% but, despite this, all the other characteristics of the bullish harmonic cypher match the one on our chart.
Long
by teh4pple
STXUSDT Mid-Term Short PlanOKX:STXUSDT Today, CPI data will be released. It is very important for all markets as well in Crypto. After CPI data, I believe that it will start a sell pressure in all markets and If we support this idea with technical analysis we can do something like in the chart. STX is on a good level with supported technical setups like Libra + Cypher + Elliot. The main target is far away but it is not impossible because when you look the chart zoom out you will see that STX had a solid rally in near future and needs correction... Therefore, the main target will be the bigger harmonic pattern D point as pointed on the chart. May the force be with you. Good Luck!
Short
by MonkApe
Harmonics indicator, The higher we go the harder we fall? Looks like we are currently trying to break through and declining our cypher harmonic (white) which also happened to land very close to the 236 weekly fib I have drawn from ATH to lowest lows (red horizontal line) The shark harmonic (blue) hitting the 1.618 (orange horizontal line) is looking like to be my next target (30700) thats if we do break through resistance. The shark would also have a lower buy price (D) of around 18000 which iv had confluence with for a few months (blue dashed horizontal line) I'd love to see it play out 🔥
BITSTAMP:BTCUSD
by Connix
Bitcoin harmonics I'm still eyeing up a bullish cypher (white) and shark harmonic (blue) on the daily candle chart. If we get rejected at these levels at the 1.414 fib, I'm hoping for the cypher giving a D (buy) target of around 218600. Which was a huge resistance through the second half of 2022 👀 If we can push up 30600ish (C) and reach the 1.618 I believe we may have a shark giving a buy target of around 18430! (D) this is also massive resistance during the later part 2022 (check December 14th rejection for reference) This is just what I'm personally looking for. Iv had So much confuence around these price ranges it's hard to ignore! (Comments and disagreements welcome! I love a debate 🔥)
BITSTAMP:BTCUSD
by Connix