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Harmonicpatterncollection

BTC Shark to 5-0 PatternBitcoin is currently in a weekly Shark pattern, suggesting a potential pullback to complete the 5-0 pattern. We could see a move towards the T1 zone at $45,703 - $43,000. 5-0 Pattern: This pattern often follows the Shark pattern and indicates the completion of a corrective move after the initial reversal. The 5-0 pattern has a distinct structure, starting from the end of the Shark pattern and typically leading to a trend continuation after a brief consolidation or retracement. The last wick to $49,000 was swiftly bought up, indicating the low might already be in. However, with the SPX nearing equal highs and possible volatility around Jackson Hole, a retest of lower levels remains possible. RSI is trending just below the 50 zone on Daily and Weekly, suggesting a decision point is approaching. A move above 50 on the weekly would indicate the low is in, setting us up for upper targets at $70,315 / $76,197. If RSI rejects at 50, expect new lows. Key Levels: $49,000: A retest of this zone and a break above $63,139 will confirm the low is in. A break below $49,000 will aim for the T1 Target at $45,793. Buy Zone/Support Range: $45,703 - $43,000 $42,233 TD Support The next few days will be critical. If we hold above $49,000, we may avoid a deeper correction.
by TechChartMark
SUNTECK REALTYHello and welcome to this analysis In the monthly time frame it formed a Bearish Harmonic ABCD in JAN 2022 near 590 and since then has retraced 62% of its last leg. In the weekly time frame it has formed a Bullish Harmonic Gartley around 315 suggesting the correction is most likely over. It can be a good stock to accumulate between 330-370 for upside levels of 420-500-650. The view would be considered invalid below 285. Good risk reward set up for medium to long term at the current level. Happy Investing
NSE:SUNTECKLong
by Dinesh_C_Nagpal
BRENT CRUDEHello and welcome to this analysis UKOIL (Brent Crude) is approaching the PRZ (Potential Reversal Zone) of two bullish harmonic patterns, AB=CD and Gartley near $85. This level also coincides with the monthly Ichimoku Base Line support. The expected rally from the suggested levels could take it towards $115 In case the up-move takes place before completion of the Harmonic Patterns, then the confirmation will come on it sustaining above $101 In terms of MCX Crude - the corresponding levels are $ 85 > INR 6100 $ 101 > INR 7600 $ 115 > INR 8400
TVC:UKOIL
by Dinesh_C_Nagpal
Bullish ab = cd AUDJPYFrom the failed Bullish Butterfly pattern, I've realised an undercover bullish ab = cd hiding within the pattern. Looking at the the higher time frame, I see the pair is sticking with the predominate uptrend with some minor corrections along the way. I've started to back test a new strategy that has taken the harmonic approach to a world of unprecedented accuracy and precision. Some only utilise this system, where others may use difference concepts, nobody is wrong and each is to their own to determine how accurate and precise they can be. But it is imperative to use a multitude of systems to give higher chance of probability and accuracy to take a position.
Long
by BeaucoupPips
PETRONET LNGA Bullish Harmonic AB=CD reversal was met by a slanting trend-line resistance which lead to a dip towards 88% retracement with the likelihood of a double bottom activating a Bullish Harmonic Shark. This up move can go till 225/235/255 as long as it does not break the lower base formed when the AB=CD was made. Harmonic Patterns are based on Fibonacci ratios which conform to specific alignments. They are among the fastest to give reversal signals unlike oscillator based systems.
NSE:PETRONETLong
by Dinesh_C_Nagpal
1
Eur/Aud Bearish Gartley Okay, so this is my first time posting a pattern with the HPC Software from Scott Carney i have had the software for quite sometime now, but hardly use it or even have it turned on... i just feel like i can pull patterns better than the software can. either way here on the Euro Aussie we have a bearish Gartley on the daily. the pattern has completed, and we have a complex structure on the AMP RSI. so now what were waiting on is for the RSI to meet the midline and come back into the extreme area before we enter. i have a massive Bearish ABCD pattern that lines up perfectly on the 4H so i am pretty confident that PA is in a significant area or resistance. again on both patterns were looking for both patterns to throw the RSI in overbought conditions (hate that term) and then move down. we enter when the RSI exits the extreme area!
Short
by ARegularGuy
USDCAD - Bearish CrabAs I'm going through my chart, I've spotted a unique long shadow candle on the 1hourly chart(left), not only the candle was long, it just touches the resistance level, you may plot your own chart to see the full story. A pretty cool setup that the software and I both spotted on the 1-hourly chart(right), the harmonic patterns - bearish crab pattern with the bearish engulfing candle(in this case I don't see any major changes on the 1hourly chart in the next 6mins).
Short
by RaynLim
NZDUSD - 5-0 Pattern Grand PlanLast week the 5-0 Pattern was spotted and the trading opportunity was share in our group(link at the bottom). The candlestick formation and RSI Overbought was not the only reason that triggers me to short the market, but also on the higher timeframe, the daily chart(right) has a bearish bat setup. Although, the bearish bat pattern has triggered alert of this trade is a No, No, I see there isn't any harm doing that as I'm getting a healthy RRR(Reward:Risk). I had engaged the 5-0 pattern and plan for a 2 target approach, the second target that I am planning is no other than the Target1 of the bearish bat pattern. But hey Rayn, I thought you were saying there's a warning sign on the bat pattern and you circle it in yellow? Yes, having a warning sign means it's not ideal to engage the trade. However, I had an opportunity on a lower timeframe to engage it and I'm prepared to intervene in my second trade if the market shows the trend is going to reverse. Let's see how this trade pans out, I have more plans to engage this trade. Follow us in our community and don't miss out another trading opportunity ever again.
Short
by RaynLim