ADAUSD | Wave Analysis | Giant Bull Flag Ending Diagonal +60%Price action and chart pattern trading
> A possible ending diagonal minor 5-wave with a bull flag pattern as well as RSI bullish divergence
> An upcoming reversal supported by a strong harmonic pattern - bullish deep crab squeezed below EMA20D - Entry point zone
> Target TP1 @ Upper bull flag resistance zone +30% and TP2 @ X2 of Bull Flag EMA200D zone +60%
> Stop Zone @ lower support of bull flag -10-15%
> Risk reward ratio: 2:1 and 3:1 for short-medium term trade
Always trade with affordable risk and respect your stoploss, nothing 100%
Deep Crab
BHARAT FORGEHello and warm welcome to this analysis
On daily time frame it has activated a Bearish Harmonic Deep Crab indicating a retracement till 850-825 as long as it does not break above 895.
Good risk reward set up here.
A word of caution, results are due tomorrow. So manage your risk accordingly.
EURUSD-Weekly Market Analysis-Nov22,Wk1A Bearish Deep Gartley is a great setup for trend traders to hop in on a shorting opportunity at 1.01285. What is important is waiting for the right pattern and candlestick confirmation before engaging in the trade.
There's a resistance level on the 4-hourly chart that provides a potential shorting opportunity and a Potential Deep Crab Pattern on the 1hourly chart. That's how committed I'm to waiting for a shorting opportunity.
Perfect automated detection of Butterfly & DeepCrab PRZ- ShortA bearish-type Butterfly pattern occurred within the resistance zone of 1.0070-1.0110.
(In this resistance zone , there was a rebound in 13 Sep, 26 Aug,...)
If the price rises to 1.0198, 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 and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
BTCUSDT Deep Crab, CMF & RSI fractalAs we can see on this 1D chart, BTCUSDT can be ready to drop as Chaikin Money Flow and RSI correlations seems to be close to repeat signals for a potential drop. A target for this possible impulsive bearish wave is a Deep Crab harmonic pattern aiming the bottom from this consolidation. A strong pullback can occurs @ the support area. For an effective signal to exit of this trade the LSMA of 28 periods breakout can be a good indicator to avoid of a non-profitable consolidation phase after a potential 10% average downward. All the profitable trend tends to stay below 28LSMA due to the oversold condition on RSI. All the key levels are displayed on this chart.
Perfect automated detection of DeepCrab PRZ - LongA bullish-type big DeepCrab pattern may occur when drop to 1.1044.
There is also a support zone at 1.0980-1.1000.
(In this support zone, there was a rebound in 17 Aug, 15 Jul,...)
Long after pattern generation and 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 0.8529, a Bullish-type DeepCrab pattern could occur.
Long after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Perfect automated detection of BlackSwan & DeepCrab PRZ - ShortA Bearish-type BlackSwan pattern occurred.
If the price rises to 18.142, a Bearish-type DeepCrab pattern is likely to occur.
Also on the weekly chart, Bearish-type BlackSwan is occurring.
Short after seeing the rebound.
*Harmonic patterns is automatically detected using the indicators below.
- Harmonic auto-detect PRO
Perfect automated detection of Butterfly & DeepCrab PRZ - ShortA Bearish-type Butterfly pattern occurred near the resistance zone of 1.5220-1.5260.
(In this resistance zone , there was a rebound in Jul 2022, Feb 2021,...)
If the price rises to 1.5248, a Bearish-type DeepCrab pattern is likely to 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
Perfect automated detection of Butterfly pattern - ShortA Bearish-type Butterfly pattern occurred.
Also on the daily chart, Bearish-type Butterfly is occurring.
If the price rises to 141.26, a Bearish-type DeepCrab pattern is likely to occur.
Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 137.30-138.00.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
DKNG - Draftkings Deep Crab Harmonic Weekly setup.DKNG - Draftkings, perfect harmonic deep crab setup with the 161% PRZ being respected and a nice bullish engulfing on the weekly to trigger entry. long with T1 @ 34.50 T2 @ 49.95 SL 9.65 RR @ T1 = 2 : 1, RR @ T2 = 3.88, SL moved to break even at T1 and half profits to be booked. weekly setup so patience required as setup will take a while to play out.
Mahindra & Mahindra Finance - ALT Shark with Wolfe Wave M_mFin has alt shark along with wolfewave and rsi negative divergence on daily timeframe. Also a deep crab and Wolfewave at lower timeframe, Expecting a upside move till shark PRZ after hitting small TF ww target . IF sl taken then we can expect Gartley and can long till 272.
Forecast of gartley if broken B
USDJPY-Weekly Market Analysis-Jul22,Wk4USDJPY is on a strong Bullish Trend. However, counter-trend traders can wait for a retest at 139.11 to engage a shorting opportunity based on the Bearish Crab Pattern retest at the HOP level.
A retest at the HOP level also means I'll be getting a RSI Divergence.
EURUSD-Weekly Market Analysis-Jul22,Wk4The Bullish Deep Crab Pattern on the Daily Chart might not form up, and even if it did, it might not be ideal. However, if you have long based on the counter-trend trade on the Bearish Parallel Channel, congratulation is in place.(check out last week's chart at the bottom of the tradingview link).
Alternatively, you can wait for the Bearish Shark Pattern on the 4-hourly timeframe to complete, hitting the first target and waiting for a buying opportunity on a 5-0 pattern setup.
In trading, being patient is important.
Common features of all bullish harmonic patterns.www.tradingview.com
By combing all bullish harmonic patterns together, we can observe the following:
1. The Bat, Cypher , Gartley and Shark pattern point D is (0.786 - 0.886) XA without breaking the low.
2. The Butterfly, Nenstar , Crab and Deep Crab point D is (1.272 - 1.618) XA after breaking the low.
3. Point C band is common for all patterns (0.382 - 0.886) AB
4. Pint B band is common for three patterns ( 0.382 -0.618) : Bat (upto 0.5) , Gartley and Crab, with the Gartley pattern point B fixed at 0.618 XA
5. Patterns breaking out of Point A high have a band ( 1.13 - 1.61 )AB