Harmonicmoves
BTC LONG 20.1k -> 21.5kI'm seeing a lot of 0.5 / 0.886 symmetry in this market currently. I will be buying 20.1k with a target of the 0.886 retracement 21.5k and then opening a short to TP around the 20.1k level again.
From there, we will see. But essentially, price is VERY likely to hold 20k for a while, with probably only a quick break below for liquidity until the mid 22's.
Of course, this is all a scam, but I think we will see up movements for the next 1-3 weeks.
MANAUSDTHello my dear friends
According to the formed pattern and positive divergence of RSA, it seems that the white range ($0.7307) is valid and the main upward movement will start from this range.
Keep in mind that if the corrective trend is below the price range of $0.6265, we will no longer have the mindset to form an upward trend.
We would be happy to hear your comments
Keeping buying USD - Let's sell GBPUSD today GBPUSD is in a massive downtrend.
It is oversold on H4 and Daily so we need to wait for clear reversal signs.
The pair is now approaching the H4 MA and the August Low at 1.1593.
Waiting for clear divergence to take this trade. Until then, be very patient.
BTC 20,550/20,850 then 18,950BTC has many fibs lining up in the same place - at 20,850. That is the 1.414 of AC, the 1.272 of OC, the Elliot Wave impulse of 2.14, and also this same level 20,850 is the 0.236 fib from 25,188 to current support (19.5k).
It would be a good idea to short this level if it hits. I expect a bounce (or drop) from 20,550 which is the 1.618 impulse from the bottom.
The target of the Short to then flip LONG is 18,950. Then we can continue to trade the channel.
BANKNIFTYHello and welcome to this analysis
Bank Nifty after a stupendous run has reversed from a Bearish Harmonic Alt Shark suggesting a probable 38-50 Fibonacci retracement of the entire run since mid June.
Harmonic patterns are formed when structures synergize with Fibonacci ratios thereby giving higher probabilities of reversal confirmations.
This view will be valid till SPOT does not break above 39850
Risk Reward appears to be very good for a bearish trade.
Possible Double Bottom, 22k StillPossible Double Bottom with good Buying.
Double Bottom pattern target is 1x above the neckline - this would be around 21,950-22k. The 0.886 fib X-D also meets here, which would create a potential bearish harmonic .
If this does happen, my profit target will be the 1.618 and 3.14 fibs - around 20k and 18.3k.
There is a descending triangle , but I won't be shorting here - I have a feeling it will break upwards.
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
Low Risk Crypto Shortsetup using Harmonic patternsKeep it simple. Using Harmonic patterns.
The chart speaks for itself, a beautiful AB=CD pattern with the D mark at 638.575B, the zone between that D mark and the 632.919B mark is a very Low Risk Crypto Shortsetup. You can also see the rejections of the price above the 632.919B mark in the past. If you put in scaled orders for going short in that zone you should be just fine.
𝘼 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 follow 𝙬𝙤𝙪𝙡𝙙 𝙗𝙚 𝙖𝙥𝙥𝙧𝙚𝙘𝙞𝙖𝙩𝙚𝙙!
Thank you and have a good one
How to trade a fast moving YEN pairThe YENS have been going nuts.
From moving 50 pips a day it has started to move close to 120 - 190 pips.
This means when we trade, our stop loss needs to be wider and hence the position size smaller.
We have sold AUDJPY seeing the weakness in H1, M30 and M15. All trends are still down.
Hopefully it will hit the bottom for a 300+ pip ride.
Good luck!
BTCUSDTHello, I hope we have a good trading week.
In the weekly time frame, we took a different look at Bitcoin... Isn't it interesting!?!?
In terms of price action, we should return to the $63,000 price range once again, do you think we will have this return before seeing the $16,000 price range!?!?
Two patterns are formed together. We have a risk to reward of 1 to 7, it seems worthwhile.
We would be happy to hear your comments
GlenmarkHello and welcome to this analysis
Glenmark after consolidating near its monthly support attempted a fresh upmove from 350 to 400, Post that it has made a sideways corrective forming a Bullish Harmonic ABCD.
The current reversal from 375 could be a higher low of the new uptrend in it and it could rally till 410-425-450 as long as it does not breach 374. Confirmation if it sustains above 390.
Good risk reward set up scenario of a higher low formation which could lead to a higher high thereon till its falling trendline
CHAMBAL FERTILIZERHello and welcome to this analysis
The stock is at the PRZ of a Bullish Harmonic Cypher formed in Weekly time frame.
A bounce/reversal till 340 to 375 is probable as long as it does not break 250.
Risk Reward for the trade is v good at 1:3
Harmonic Trading Patterns consolidate and then give strong follow through of trends. Since this is based on weekly time frame, trading it via derivatives could be risky as it will be a time consuming one with pullbacks and sideway along the path till its target, hence, cash based entry is advisable.
Ultimate lowrisk EURUSD Shortsetup Keep it simple. Using Harmonic patterns.
The 1.02 mark is an absolutly strong resistance area, look at all the harmonic legs that are leading to the 1.02 mark. Because of this, this is a low risk profile short setup. There are different scenarios. For instance It can go immediately to that mark and create a wick, -or it can trade in a trading range above the mark and then fall back below and retrace from that level, before a potential pullback or reversal. Harmonic moves can be beautiful folks,
This is a beautiful low risk short setup!
𝘼 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 follow 𝙬𝙤𝙪𝙡𝙙 𝙗𝙚 𝙖𝙥𝙥𝙧𝙚𝙘𝙞𝙖𝙩𝙚𝙙!
Thank you and have a good one
AR parallel channel and butterfly#AR/USDT
$AR is below upper line of ascending parallel channel, also there is an ascending support near the price.
🐮 break out from upper line of channel will help bulls continue rally to $16 to complete butterfly pattern.
🐻 break down from ascending support will drop price to middle line of channel that is the same with support zone around $11.