GBPNZD A reversal in GBPNZD is expected as a Butterfly Harmonic pattern is expected to play out at a resistance Level.
Harmoincs
BANK NIFTY - AnalysisBANK NIFTY - Analysis
A breakdown below point B, has invited targets up till point D. A typical BAT harmonic pattern.
Invalidation point - Point B
ETHUSDTHello my dear friends
I'm not very familiar with harmonic patterns, but according to price action, the price should enter a very quick correction.
It must be released from this state of compression.
If we want to look at the chart from a different point of view, it seems that if the price range of $1,655.52 is completely consumed and the first target of the pattern is hit, by observing the loss limit, we can reach the specified range (1,726.24 $) enter into the transaction.
We would be happy to hear your comments
Going DownWe have the harmonic pattern along with the break of the trendline then a retest and rejection off support which is now resistance....
Green means go?Added some TLs as well as a fibo extension. As you can see it's added past the 618 a.k.a golden ratio and is now struggling to maintain that momentum. The green TL is the one to watch, if this breaks I believe the bears are done for. What do I mean by break? I mean a candle body close above the green TL, not just a wick and preferably on the 4H TF.
BTC forming an Inverse Head & Shoulders pattern?Not investment advice. Not a professional.
IDEA: BTC completed a Bullish Cypher Harmonic , so likely up a bit for now at the very least.
Previous post proposed possible Expanding Symmetrical Triangle forming. I'm in the camp that would be bet this Bull Run isn't over yet but a larger correction will happen at some point in the near future before we make any more meaningful moves up. I'll never say never, but a dip to $40k or below rn just seems a little out of reach given the current market sentiment IMO.
If I had to bet, I'm thinking we're currently forming the HEAD of an INVERSE HEAD & SHOULDERS PATTERN . Just like the stock market, I don't think BTC is quite done consolidating yet. I think we'll see one more Bull Trap to a slightly higher high around $68k > a modest pullback > then off to the races again.
Or I'm completely wrong, who knows. Cheers.
Bitcoin - Bearish AB=CD MMWhat's up folks, I've not shared any analysis publicly in some time so I would like to share a short term view on BTC where I see a 5-7% decline near term.
Trading Pair: BTC/USD
Time Frame: 1 Hour Chart
Formation: Bearish AB=CD Magent Move
Once we see a close below $33,820 it's likely we will see a re-test followed by a decline to the region of $31,700 where it will find strong support.
XAUUSD > Potential Butterfly & Cypher at Same Point?Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏.
Analysis of #GOLD
Here we could be having Butterfly and Cypher completing at the same point near trend line resistance, you could be aggressive and set limit order or wait for confirmation to enter
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
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Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
CAD/CHF - Bearish AB=CDPrice has fully tested the potential reversal zone of the bearish AB=CD and it looks good to short.
Trading Pair: CAD/CHF
Time Frame: 15 Minute Chart
Formation: Bearish AB=CD
I was holding off until I saw a test of the 2.0 projection at 0.73485, which happened just moments ago. The main reason being is because of the small S/R range at the AB=CD measurement, price kept testing that upper limit at 0.73400 and finally spiked to test the final measurement in the zone.
This final push up to test the 2.0 projection aligns with resistance on the 1h chart.
Finally, pay close attention to the support trendline in the chart above as we'll want to see price break and close below to confirm the move towards our first take-profit target at the 0.382 retracement.
DIVIS LAB - SHORT TERM SWING DIVIS LAB
SHORT 1850-1855
SL: 1870
TARGETS: 1824/1780/1762 ===>> TIME SPAN 1 WEEK
EURCHF LONG - GARTLEY - HARMONIC PATTERNGartley pattern completed on EURCHF . Expect price to move toward the targets, blue boxes, and move stop loss to breakeven after TP 1 is hit.
EURCAD Daily Harmonic Gartley Pattern Analysis and StrategyWe are predicting the formation and completion of the Gartely pattern as seen on the daily chart. We are long here at the start of the 4th leg of the formation which is also as major support zone. FX:EURCAD
Harmonic Patterns / Patron Armónico EURCHF Divergenciacumpliendo con el Pull back y luego a caida libre... 78pips solo TP1
GBPCHF, H4 Bearish pattern confirmedBearish pattern confirmed
Action: sell
Tp1: 1.2936
Tp2: 1.2825
SL: 1.3219
Wait the right price action as entry key.
GBPJPY Gartley patternConfirmations for Gartley Pattern
- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A (on this case its at 0.382 unified gartley )
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- First TP at 0.618 (Fibonacci from D-C)
- Second TP at 0.382 (Fibonacci from D-C)
- Third TP would be back to where it all started
Looking at 1000 pips long with this pattern after structures completes D
Good Trading.
BEARISH HARMONICS ON BITCOINHello everyone
We have a nice opportunity to short btc: shark pattern and bat pattern formation.
Strong resistance zone: 7,550 - 7,700
Targets: 6,850 and 6,450
Have a nice day
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