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!
Deep Crab
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.
IPCA LABSHello & Welcome to this analysis
The outlook has been down from quarterly, monthly, weekly & daily chart study.
Its been in a 2 years downtrend, now near a support but yet to give any reversal confirmation. If this level of 700 fails to hold the next major support comes in at 600.
Overall its a wait and watch stock even from a bounce back point of view
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Scott Carney's "Deep Crab" & the Fields Medal in MathematicsQ: What does the former have to do with the later?
A: The intuition in the former (S. Carney) is born out by the later (A. Avila; Fields Medal - 2014)
From Scott Carney's website;
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"Harmonic Trading: Volume One Page 136
The Deep Crab Pattern™, is a Harmonic pattern™ discovered by Scott Carney in 2001.
The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme (2.24, 2.618, 3.14, 3.618) projection of the BC leg but employs an 0.886 retracement at the B point unlike the regular version that utilizes a 0.382-0.618 at the mid-point. The pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone."
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From Artur Avila's Fields Medal Citation;
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"Artur Avila is awarded a Fields Medal for his profound contributions to dynamical systems theory, which have changed the face of the field, using the powerful idea of renormalization as a unifying principle.
Description in a few paragraphs:
Avila leads and shapes the field of dynamical systems. With his collaborators, he has made essential progress in many areas, including real and complex one-dimensional dynamics, spectral theory of the one-frequency Schrödinger operator, flat billiards and partially hyperbolic dynamics.
Avila’s work on real one-dimensional dynamics brought completion to the subject, with full understanding of the probabilistic point of view, accompanied by a complete renormalization theory. His work in complex dynamics led to a thorough understanding of the fractal geometry of Feigenbaum Julia sets.
In the spectral theory of one-frequency difference Schrödinger operators, Avila came up with a global description of the phase transitions between discrete and absolutely continuous spectra, establishing surprising stratified analyticity of the Lyapunov exponent."
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The connection here, as it is related to the specific "Deep Crab" harmonic pattern in trading, between intuition and general, analytical result, is illustrated somewhat simplified (but without distortion).
In essence, Avila has shown that in dynamical systems, in the neighborhood of phase-transitions in the case of one-dimensional (such as: Price) unimodal distributions, after the onset of chaos, there are islands of stability surrounded nearly entirely by parameters that give rise to stochastic behavior where transitions are Cantor Maps - i.e., fractal.
From that point it is an obvious next step to generalize to other self-affine fractal curves , such as the blancmange curve , which is a special case of w=1/2 of the general form: the Takagi–Landsberg curve. The "Hurst exponent"(H) = -log2(w) , which is the measure of the long-term-memory of a time series .
Putting it all together, it is not pure coincidence that a reliable pattern (representation) emerges from intuition (observation) which proves to be a highly stable (reliable) pattern that is most often the hallmark of a near-term, violent transition.
Perfect automated detection of Butterfly & DeepCrab PRZ - ShortA bearish-type Butterfly pattern occurred near the resistance zone of 95.60-96.60.
If the price rises to 96.78, a bearish-type DeepCrab pattern could occur.
Short after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Unveiling the Ultimate Trading Setup of the Week: Don't Miss OutAs some of you may recall, I've been seeking a buying opportunity on the AUDCAD for the past few weeks. My motivation for this is the Bullish 5-0 pattern setup that has formed on the Weekly Chart. I've been exploring various avenues to enter into this buying opportunity, and currently, two options are available.
Firstly, we can wait for a candlestick pattern trading setup to appear on the Bullish Gartley Pattern for a buying opportunity (left). Alternatively, a Bullish Deep Gartley Pattern on the 8 range bar chart (bottom right) could provide the trading setup for us to engage the trade.
Multiple Buying OpportunityUpon analysis, there are multiple factors that indicate a potential buying opportunity for AUDCAD.
Firstly, the bullish 5-0 pattern on the Weekly chart was identified and discussed in my previous report.
Secondly, various trading strategies have also pointed towards a buying opportunity.
For example, the 4-hourly chart shows a tested support level at 0.8954, which has been tested three times. If this support level is broken, there is a complete AB=CD Harmonic Pattern at 0.8940.
On the 1-hourly chart, a bullish deep crab pattern is observed with a retest at 0.8952, providing an opportunity for traders. The only factor that could deter this trade is a potential market gap when the market opens on Monday.
Nonetheless, with the aforementioned indicators in place, a potential buying opportunity for AUDCAD presents itself.
FITFIUSD: Falling Wedge and a Bullish Deep CrabThis one doesn't really have any Divergence Variables going for it nor is it really at any form of Support but it is breaking out and backtesting an okay looking Falling Wedge and has completed a decent looking Bullish Deep Crab while being oversold on the RSI and that's enough to catch my attention; if it were to make a common 0.618 retrace from the previous local range high to low that would be an 11x move so it's worth the risk in my opinion.
Very Long Term Bullish Crab on the 12hr 1DBINANCE:BTCUSDT
Update from my last post: We did not bounce at the .886 for the BAT at exactly where it needed to. It is actually setting up for the BAT that was from the prior swing low, which still makes it valid. This sets it up for a Deep Crab instead of the Butterfly as once thought.
If we get a bullish move up here, this would set up for a Bullish Deep Crab (Blue) where the D point is at the .618 of the very Macro chart. If we get a bounce at the .618, then that could potentially set up for a Bullish Crab (Teal) at the 12k mark. Over all this is a bearish move to 12k but these would set up for BTC to bottom at 12k for a good buying target. Thank you
FYI - People are looking for the 25k bounce. I do not think we will get that.
Bullish Crab on 4hr, 12hr, 1DBINANCE:BTCUSDT A fun way to potentially draw what could happen in the long term. Just for fun. Since the Gartely Failed, I am leaning toward a Bullish Crab very soon $1000 away. I believe there will be some sort of reaction on the 1.618. From there, not sure, maybe make a Bat to a Deep Crab all the way up to 30k. From there, not sure. Thanks
Perfect automated detection of Butterfly & DeepCrab PRZ - LongA bullish-type Butterfly pattern occurred.
If the price drops to 0.97606, a bullish-type DeepCrab pattern could occur.
Also on the daily chart, bullish-type Butterfly pattern is occurring.
Long after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Harmonic Patterns Crab And Deep Crab my point of viewA proper Crab pattern needs to fulfill the following three Fibonacci rules: AB= retrace between 0.382 – 0.618 Fibonacci Retracement of XA leg; BC= minimum 38.2% and maximum 88.6% Fibonacci retracement of AB leg; CD= Poses a target between 2.24 – 3.618 Fibonacci extension of AB leg or an ideal target of 1.618 of XA leg.
Crab Pattern
The XA retracement levels are checked to validate the retracement (here, pivot B forms just near 61.8%, barely making it to qualify for the Crab pattern
At point C, we notice the retracement falling within AB’s 88.2% – 38.2% zone
Eventually, price surges higher to reach to 161.8% Fibonacci extension of XA and fits within the 222.4% – 361.8% extension of the CD leg
Following the high, a short position could be taken, with stops at the high of CD, which marks the price reversal zone
The Deep Crab pattern
The Deep Crab pattern on the price chart differs from the Crab pattern on one main aspect, which is the swing point B.
While in a regular Crab pattern, the B retracement fits within 38.2% – 61.8%% retracement of XA, with the Deep Crab pattern the swing point B sits at the 88.6% retracement level of XA.
Snap Inc. (SNAP) ... More than Finger Excercise ??I am always intrigued with patterns (harmonic) within patterns.
Snap Inc. (Snap) fits that bill.
(1) The Original pattern is a Cypher, which began life around Dec, 20th 2022.
Target 1 has been met and I have marked Targets 2,3 and 4.
(2 ) Coincidentally this is may be the beginning of a larger bearish harmonic pattern, whose beginning I marked as last September.
The extent of Leg D is undetermined , but it has the potential of forming a harmonic Butterfly, Bat or Deep Crab
These objectives have also been marked.
(3 ) Not withstanding the above, recent price action appears a little extended and I have marked an Extended ABCD pattern
as a short term reversal point. This may cause a pull back to 1/3 to 1/2 of the recent rally. This area is also outlined.
(4) I have also marked the AC leg of this potential Butterfly/Bat/Deep Crab harmonic with an extended dotted line.
The fact that this was broken today is a good thing , although often price action through a trendline often requires a retest.
Of course everyone is waiting for the Fed's action tomorrow. So pay attention to broader markets, be nimble and cautious.
As always do your own due diligence.
I will update as necessary.
Good Luck
S.
Perfect automated detection of DeepCrab pattern - ShortA bearish-type DeepCrab pattern occurred within the resistance zone of 18.777-18.842.
Short after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Perfect automated detection of Butterfly & DeepCrab PRZ - LongA bullish-type Butterfly pattern occurred.
If the price drops to 20.226, a bullish-type DeepCrab pattern could occur.
Also on the daily chart, bullish-type BlackSwan pattern is occurring.
Long after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Perfect automated detection of Butterfly & DeepCrab PRZ - ShortA bearish-type Butterfly pattern occurred.
If the price rises to 0.87450, a bearish-type DeepCrab pattern could occur.
Also on the daily chart, bearish-type Butterfly pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO