Harmonicmoves
Low Risk EURUSD Shortsetup using Harmonic patternsKeep it simple. Using Harmonic patterns.
Two AB=CD pattern on the smaller timeframe. There is a probability it will first go to the retracement box before a potential pullback or reversal. It's also forming a 3rd leg up, wich most of the tiime ends with a reversal. If you woudld like to go short: wait for a better structure. Maybe a push higher above everything and then falling back under the AB=CD levels and trendline. That would be a nice structure to sell short!
𝘼 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 follow 𝙬𝙤𝙪𝙡𝙙 𝙗𝙚 𝙖𝙥𝙥𝙧𝙚𝙘𝙞𝙖𝙩𝙚𝙙!
Thank you and have a good one
Muthoot FinanceHello and welcome to this analysis on MUTHOOT FINANCE cmp 1130
After peaking out in NOV 2021 it gave a Head & Shoulder breakdown in JAN 2022 which lead to a Bearish Alt ABCD 1.6x breakdown.
Now after completing its Bearish Alt ABCD it has reversed with a Bullish Harmonic Alt Shark with a Long Legged Doji candle and a Positive RSI Divergence.
It could bounce back to 1200 (initial target) to 1275 where it might retest the falling trend line.
The pattern would be considered invalid below 1070
Ultimate lowrisk GBPUSD shortsetup Keep it simple. Waiting for that AB=CD mark to become the next big resistance area. Ultimate low risk profile to short in that area. Also have a look at the GBPUSD idea of the lower timeframe (important for a better entry)!
𝘼 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 follow 𝙬𝙤𝙪𝙡𝙙 𝙗𝙚 𝙖𝙥𝙥𝙧𝙚𝙘𝙞𝙖𝙩𝙚𝙙!
Thank you and have a good one
Can you hold AUDUSD for a 200 pip trade? I hope so! The market has been going up for a while but there is a good chance that everything (stocks, bitcoin, indexes) are coming down.
Here is how I see AUDUSD.
There is a big pattern to sell at the current level. It has been challenged again with H1 divergence.
If this pattern comes into play, we are looking at a fall to 0.6870 for a long pattern.
Nice risk to reward here. Good luck!
RelianceHello and welcome to this analysis on RELIANCE INDUSTRIES
On April 29, 2022 it completed the formation of a Bearish Harmonic Alt Shark Pattern indicating a reversal in the daily time frame.
Currently it has completed 50% of that retracement and formed a Bullish Harmonic Alt Shark in the Hourly time frame suggesting a probable bounce from here.
A pullback of this Bullish Harmonic Pattern could probably take it to 2600-2650. Pattern will remain valid till price is above 2435.
Harmonic Patterns are based on Patterns which come inline with specific ratios for reversal trade set ups.
Pick up that COIN when it hits da floorWhen a coin drops it is merely instinctual to pick it right up, thats money we're talking about, can't leave it on the floor...
Using a term I coined, harmonic wolfekraft, I have obtained the following scenario for COIN.
Summary
- Look for a bounce around 135 this week (4/18-4/20 range most likely). The bounce zone is 130-140. If it drops below that we might have a bigger problem on our hands and it could drop as low as 92. More likely to bounce in zone though.
- Initial target of 166 by around 4/25 (before the Apr 29 expiry)
- Intermediate target of 227 -240 by mid-June (the 227 is actually possible by 6/2 )
- Max Target by 6/24 is 350s - this is theoretically possible, but not statistically plausible... the time-series adj. target by 6/24 is 288.
Explaination :
- The bigger picture is that COIN is working toward completing a larger bearish harmonic, with the X at its ATH right after its IPO, the C is TBD but I used logic from the nested smaller harmonics within, levels from wolfe waves, proprietary control charts, and MMM by how options are currently priced to determine a bounce zone/bottom likely in the 130-140 range (worth watching closely this week).
- Within the AB of the larger developing harmonic, COIN completed a nested bearish Crab within a bearish deep crab back on 5/12/'21 - 11/9/'21. From there it started downside to the larger C.
- There is a new nested bearish harmonic development that aligns with a bottoming around 135. A bounce from around 135 would setup for a potential completion of a nested Bearish A Butterfly within a slightly larger Bearish A Butterfly, and interestingly, their D would form right at the intermediate targets I am getting using wolfe-wave EPA-ETA off the 1-4 resistance. These same levels are also showing up as critical levels in a stability monitoring algo I created using control charts and robust rando cut forest. Essentially, below 135 in a weeks time would make COINs level a statistical outlier with over 90% probability of explosive bounce.
- looking at the MMM for Apr 22 the range is 135 -160 which aligns with bounce zone and point bounce level. The MMM for Apr 29 is priced for 130-165 - the initial target/time to target I am getting from using the minor wolfe wave (blue) in chart is 166. I do love this setup. Note the relatively huge wolfe wave buy signal that just occured (bottom panel (wws)); at smaller time frames (5-15 min), there are trace buy signals starting to show up which indicates bounce is near.
- finally, the intermediate targets using the major wolfe wave 1-4 projection (grey in chart) are, indeed, statistically plausible: fitting a time series model to COIN, an optimal selection is ARIMA(2,1,2) w/ p = 0.42. The upper 80-95% Prediction Interval on 6/2 (223-263) spans the intermediate target range of 227-240. The adjusted target by 6/24 of 288 is the 95% PI.. although such a move would be kinda crazy, it could occur in a scenario where BTC explodes and COIN follows and runs to meet its 1-4 projection prior to ETA (not impossible, but not expected TBH).
I am expecting a bounce to initial target and then a continuation on that momentum to the intermediate target range and am considering the following play (FOR THE CURIOUS, OBVIOUSLY NOT FINANCIAL ADVICE):
COIN May 13 160 calls IF it bounces at or before 135 this week
COIN June 17 185 calls IF it bounces at or before 135 this week
Bless you all,
The Alpinist
BITCOIN ( BTC /USDT) : Further 40% bullish potential towards 665BITCOIN ( BTC /USDT) : Further 40% bullish potential towards 66500 expected
Update => Former tactical support invalidated at 40700 - What's next?
Context
The Bitcoin , as many other correlated crypto assets, confirmed a start of a significant upside swing after having developed a bearish reaction (auto-similar move - blue arrows) during the last past week. This Auto-similar move (a)=(c) is really healthy in a natural directional trend cycle, even if it looks huge.
Indeed watching at the historical data from BTC , this bearish reaction is completing a significant wave (4) on long cycle started 12 years ago…
We gonna start a new impulsion wave in 2022 with a significant potential max at 77 000 and 66500 as a standard level where it will make sense to hedge the portfolio - Check the last analysis ETH/BTC also => ETH outperformance is expected on the same time frame (see at the end of. the analysis)
Key level to watch
- 37600 key Fibonacci level + auto-similar irregular range in wave 2
- 52500 Intermediate target for short-term traders
- 66500/77000 standard Fibonacci level to anticipate the target of the follower wave 3 and 5 (5) V
Key Elements to watch
- Auto-similar move completed in January (Double blue Arrow) = Bullish
- EMA (Exp Moving average) are challenged (same config as oct 2021)
- RSI bounced off 38 support before doing a golden cross with MM
- Elliot wave account calling for wave 3 - Follower wave = Bullish
Tactical View (3 to 12 weeks)
After having challenged the direct rise configuration (40700 Support broken) the market is still showing sign of Bullish run start - As long as 40700 remains supports buy the market now or in dips and to plays a significant upside potential towards 66500 even 77 000
In case of a new bearish attack happen, the configuration will leans towards a test of 33700 before trying the same bullish run start. only 33700 totally penetrated will give a negative signal for the coming weeks raising the risk to test again 28900.
In term of allocation it is now better to rise the weight of ETH rather than BTC in portfolio which is expected to outperform the BTC on mid/long Run
Enjoy my friend
-------------------------
support me - download Akt.io app - referal in signature - and by the Aktio coin freshly introduce on Bittrex global and our app the 13th april 2022 at the paris blockchain summit
-------------------------
Why I shorted FTSE 1000 upon market openThis is the first time I traded FTSE. I used the same theory as trading FX and here is what I saw.
1) The high of last week was present at 7581
2) There was a nice harmonic pattern to sell
3) M15, M30 and H1 divergence in place.
The pair is now oversold. I have taken half the profit out after learning a tough lesson from the last 3 trades :). Switched to breakeven and hoping for a bigger drop.
04/05/22 DEAL FTSE 100 Cash (SD1) SD SD30.10
Funds: SD10,243.03
Potential Short Bearish Bat APF H4 TFPotential Short Bearish Bat APF H4 TF
PRZ is in strong resistance zone
Let's see the price action after reach the PRZ
Wait for valid confirmation before entering the trade
reminders:Trade @ your own risk
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
LLCC - Lower low, lower close
HHHC - Higher high, higher close
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
RRR - Risk Reward Ratio
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to loss..
Bullish Deep Crab Formation About to CompleteAs you can see, In NSE:ICICIBANK 15 min time frame, CD leg of Bullish Deep Crab Harmonic Pattern is about to complete. We can see reversal from the level of PRZ.
Hello Trader. If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
USDJPY | New perspectiveSince the beginning of the month, price action has continued to respect the bullish trend line identified in the 4H timeframe and we are hoping to catch one last bullish move if it finally happens. A significant breakout of key levels during the course of yesterday's trading session could probably be a signal for a trend continuation in the nearest future as long as the price does not break down the bullish trendline.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
VOLTASWelcome to this analysis on VOLTAS
It has made a Bearish Harmonic Gartley Pattern on daily time frame on 14-01-2022.
Today it has shown a reversal from the PRZ and is currently forming a Bearish Engulfing Candle
Derivative data is also suggesting Fresh Short positions are taking place currently in it.
It could do a retracement till 1250-1225 as long as it does not trade above 1325.
EthereumHello and a warm welcome to this analysis on ETHUSDT
Let's 1st have a look at what it has done from MAY 2021 onwards
From MAY 2021 till July 2021 it completed an abcde corrective triangle and in the process made a Bullish Harmonic Deep Crab Pattern.
This was followed by a strong reversal till early NOVEMBER where it completed a Bearish Harmonic AB=CD pattern.
From there it started a sharp correction and today it made a Bullish Harmonic Reciprocal AB=CD pattern giving some relief to those long.
Now lets try to see the outlook going forward
It appears that 3300 will be tested again and then a small bounce back to 4200-4300 from where another round of selling will come taking it to 2500 over the next few weeks.