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Harmonic Patterns

Gold H1 | Approaching multi-swing-low supportGold (XAU/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 3,106.58 which is a multi-swing-low support that aligns with the 38.2% Fibonacci retracement. Stop loss is at 3,071.00 which is a level that lies underneath a multi-swing-low support and the 50.0% Fibonacci retracement. Take profit is at 3,162.54 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDLong
by FXCM
Gold's upper resistance appears, trend analysisGold has recently shown a strong upward offensive, and the daily line has been rising continuously, showing an upward trend. What gold needs to pay attention to is that the end of the rising market is not determined by the high point, but by the breaking of the key support level. The current upper resistance is at 3148-3152, and the lower support is at 3122-3117. It is recommended to rebound high and short as the main, and low and long as the auxiliary. Gold strategy: long at 3127/28, stop loss at 3120, target 3140-3145; if 3145 is not broken, short on rallies and then look back to around 3130-28.
OANDA:XAUUSDLong
by MarjorieMatthew
ETH/USDT- Buy!ETH is still trading inside a descending channel, showing signs of a possible reversal. The price is bouncing off support levels around $1,750-$1,830, with a possible retest of higher resistance levels. The 50-day moving average (red line) is acting as a dynamic resistance above the price. Bullish scenario: ETH needs to sustain above $1,830 to confirm a short-term correction. If ETH breaks the $2,200-$2,400 resistance zone, a rally toward $2,800-$3,000 could follow. Bearish scenario: Rejection at the resistance could push ETH back towards $1,830 and possibly $1,750. A loss of $1,750 could trigger a further decline towards $1,600. Resistance: $2,200, $2,400, $2,800 Support: $1,830, $1,750, $1,600
Long
by CecaRockefeller
What Is an ABCD Pattern, and How Can You Use It in Trading?What Is an ABCD Pattern, and How Can You Use It in Trading? Are you looking to improve your trading strategy and technical analysis skills? The ABCD trading pattern may be just what you need. This tool may help you identify potential market reversals and decide when to enter a trade. Keep reading to learn more about the ABCD pattern and how to apply it to your trading strategy. What Is an ABCD Pattern? The ABCD pattern is one of the basic harmonic patterns. It gives traders an idea of where the market might reverse. Therefore, when combined with other forms of technical analysis, it may be a great addition to your trading arsenal. The ABCD pattern comprises two legs, AB and CD, and one retracement, BC, with D as an entry point. More specifically, an ABCD can be identified by: - AB Leg: A trend starts at A and makes a high or low at B. - BC Retracement: The price retraces from B to C. - CD Leg: The trend continues from C to D. - D Entry Point: Once another high or low forms and traders enter at D. These price movements create the “zig-zag” or “lightning bolt” shapes. In fact, ABCD patterns are present across every market and every timeframe. The up-down movements in financial assets represent opportunities to identify and trade ABCD patterns. Why Use the ABCD Pattern in Your Trading Strategy? Before we move on to identifying and trading the ABCD pattern, it’s worth explaining why you might want to consider using it. Here are a few reasons traders favour the ABCD pattern: - It’s one of the harmonic patterns suitable for traders of all experience levels. - It’s versatile and works for stocks, commodities, and cryptocurrencies*, not just forex trading. - Traders use ABCD patterns to make informed decisions about potential turning points in the market. - It can form the basis of a working trading strategy if used correctly alongside other forms of technical analysis. - It provides quite an effective risk/reward ratio if reversals are caught. How Traders Identify an ABCD Trading Pattern The first step in finding ABCDs is to look for that classic zig-zag shape. Once you’ve found one, it’s time to apply Fibonacci ratios to confirm the pattern. If you’re struggling, you can consider using pre-made ABCD pattern indicators or scanners to help your eyes get used to spotting them. The ABCD pattern requires that the BC leg is between a 38.2% to 78.6% retracement of AB, ideally between 61.8% and 78.6%. This means that if you put a Fibonacci retracement tool at A and B, C should be between 0.382 and 0.786. The second CD leg should be a 127.2% to 161.8% extension of the BC retracement. For extra confirmation, consider specifying that AB is equal to the same length as CD. While it can be tempting to start trading based on these conditions, you’ll find that, in practice, identifying point D can be trickier than it seems. That’s why traders typically use Fibonacci ratios, key levels, candlestick patterns, and higher timeframe convergence to confirm their entries, which we will touch on shortly. ABCD Pattern Examples Now that we understand how to identify the ABCD pattern, we can start applying it to real price action. Note that the ratios won’t always be perfect, so allowing for slight variability above or below the defined ratios is acceptable. Bullish ABCD Pattern For a bullish formation, the following must be present: - The AB leg should be between the high A and low B. - The BC bullish retracement should be between the low B and high C, which is below the high A. - The CD leg should be between the high C and low D. - BC is a 38.2% to 78.6% retracement of AB, preferably between 61.8% and 78.6%. - CD is a 127.2% to 161.8% extension of BC. Additionally, you may look for AB to be an identical or similar length to CD. Entry: Traders set a buy order at D. Stop Loss: The theory suggests traders place a stop below a nearby support level or use a set number of pips. Take profit: Traders place take-profit orders at the 38.2%, 50%, or 61.8% retracement of CD or hold for higher prices if they believe there’s the potential for further bullishness. Bearish ABCD Pattern The bearish ABCD chart pattern is essentially the same, just with the reversed highs and lows. As such: - The AB leg should be between the low A and high B. - The BC bullish retracement should be between the high B and low C. - The CD leg should be between the low C and high D. - BC is a 38.2% to 78.6% retracement of AB, preferably between 61.8% and 78.6%. - CD is a 127.2% to 161.8% extension of BC. You can choose to apply the same AB = CD rules in a bearish ABCD pattern if desired. Entry: Traders typically place a sell order at D. Stop Loss: A stop may be placed above a nearby resistance level or at a set number of pips. Take profit: Traders often take profits at the 38.2%, 50%, or 61.8% retracement of CD or hold for lower prices if there’s a bearish trend on a higher timeframe. ABCD Pattern Strategy A momentum-based ABCD trading strategy can help traders confirm potential reversals by incorporating indicators like the RSI (Relative Strength Index). This approach often adds an extra layer of confluence. Entry - Traders may wait for point D to form and for the RSI to indicate overbought or oversold conditions, typically above 80 or below 20. - Additional confirmation can be sought if there is a divergence between price and RSI, signalling weakening momentum. - Once the RSI crosses back into normal territory, it can suggest a reversal, providing an opportunity to enter the market. Stop Loss - A stop loss is often placed slightly above or below point D, depending on whether the formation is bearish or bullish, respectively. This helps potentially manage risk in case the reversal doesn’t hold. Take Profit - Traders can consider taking profits at Fibonacci retracement levels of leg CD, such as 38.2%, 50%, or 61.8%. - Another common target is point C, but traders may also hold the position for longer if further price movement is anticipated. Looking for Additional Confluence Given that trading the ABCDs usually relies on setting orders at specific reversal points, consider looking for extra confirmation to filter potential losing trades. Below, you’ll find three factors of confluence you can use to confirm your entries. Key Levels If your analysis shows that D is projected to be in an area of significant support or resistance, there’s a greater chance that the level will hold and the price will reverse in the way you expect. ABCD Timeframe Convergence One technique to potentially enhance the reliability of ABCD chart patterns is to check for multiple timeframes. When you identify the formation on a lower timeframe—say, the 5-minute chart—you can then look to a higher timeframe chart, such as the 30-minute or 1-hour chart to see the overall trend. If the pattern converges with the longer-term trend, it strengthens the analysis and increases the likelihood of an effective trade. Candlestick Patterns Some traders look for particular candlestick patterns to appear. The hammer and shooting star patterns are commonly used by ABCD traders for extra confirmation, as are tweezer tops/bottoms and engulfing candles. You could choose to wait for one of these candlesticks to form before entering with a market order. Common Mistakes to Avoid When Identifying an ABCD Chart Pattern Of course, ABCD patterns aren’t a silver bullet when it comes to effective trading. There are several common mistakes made by inexperienced traders when trading these types of patterns, such as: - Confusing the ABCD with other harmonic patterns, like the Gartley or three-drive pattern. - Trading every potential ABCD formation they see. It’s preferable to be selective with entries and look for confirmation. - Not being patient. ABCDs on higher timeframes can take days, even weeks, to play out. Experienced traders wait for the pattern to develop before making a trading decision. - Ignoring key levels. Instead, you could allow them to guide your trades and look for the ABCD pattern in these areas. The Bottom Line The ABCD pattern is a versatile tool that can enhance a trader’s ability to identify potential market reversals and refine their overall strategy. When combined with other forms of technical analysis, such as momentum indicators, an ABCD trading strategy can be an invaluable addition to your trading arsenal. For traders looking to apply the ABCD pattern in forex, stock, commodity, and crypto* markets, consider opening an FXOpen account and take advantage of low-cost, high-speed trading across more than 600 assets. Good luck! FAQ What Is an ABCD Trading Pattern? The ABCD trading pattern is a simple harmonic pattern used by traders to identify potential market reversals. It consists of three price movements: the AB leg, BC retracement, and CD leg, with point D marking a potential entry for a reversal trade. It helps identify changes in trend direction. How Can You Use the ABCD Pattern in Trading? Traders identify the ABCD pattern by finding the characteristic zig-zag shape and using Fibonacci ratios to confirm it. Entry points are typically placed at point D, with stop losses and profit targets based on the formation’s structure. Confluence with other technical analysis tools improves its reliability. Is the ABCD Pattern Bearish or Bullish? The ABCD pattern can be either bearish or bullish. A bullish ABCD indicates a potential upward reversal, while a bearish ABCD suggests a downward reversal. The structure remains the same, but the highs and lows are reversed. What Is the ABCD Strategy? The ABCD strategy revolves around identifying trend reversals using the formation and confirming entry points through tools like Fibonacci retracements or momentum indicators like the RSI for added accuracy. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
With the heavy tariff policy coming, will gold rise or fall?On the technical side of gold, the 4-hour chart shows that the short-term moving average of gold is sticking together, and the lower shadows of the K-line appear frequently. The downward momentum is weakening, which may indicate that the technical repair after the sideways shock is expected to usher in a second rise. The hourly chart shows that the price range is tightening, and the technical pattern is gradually adjusted in place. The current upper resistance is 3137-3142, and the lower support is 3111-3107. Operation strategy 1: It is recommended to go short at 3135-3140 on the rebound, with a stop loss of 3146, and the target is 3115-3100. If it breaks, it will be 3080. Operation strategy 2: It is recommended to go long at 3082-3077 on the pullback, with a stop loss of 3072, and the target is 3130-3160.
FOREXCOM:XAUUSDLong
by MarjorieMatthew
Gold is trading sideways at a high level! Trend analysisGold is currently continuing to fluctuate along the short-term moving average in the daily trend, and the current price is supported around 3100. In the 4-hour level trend, the short-term moving average is basically in a state of adhesion and flatness. The K-line has insufficient downward momentum in the short-term trend after the continuous lower shadow line. We should pay attention to the possible sideways shock repair and the secondary upward trend after the technical pattern repair. Gold has not broken through the intraday high and continues to be mainly high-altitude. On the whole, the short-term operation strategy for gold today is recommended to be mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is 3138-3140 resistance, and the short-term focus on the lower side is 3100-3110 support. Strategy reference: Short order strategy: Strategy 1: When gold rebounds around 3138-3140, short (buy short) in batches, 20% of the position, stop loss 6 points, target around 3120-3110, break to see 3100 line; Long order strategy: Strategy 2: When gold pulls back to around 3100-3103, long (buy long) in batches, 20% of the position, stop loss 6 points, target around 3110-3120, break to see 3130 line;
FOREXCOM:XAUUSDShort
by MarjorieMatthew
Tariff policy triggers roller coaster marketTrump's tariff stick is wielded around the world, and gold bulls have taken advantage of the trend to pull up, demonstrating its safe-haven properties. Although the gold price has fallen back, the K-line has stabilized above 3110, and the bulls' strength should not be underestimated. After falling below the support level of 3130, the market has weakened, and we need to be alert to the risk of further correction. At present, the focus below is on the support of the integer mark of 3100, which is also the location of the previous small double bottom. The upper resistance is in the range of 3137-3141. In terms of operation, it is recommended to mainly go short on rebounds. Operation strategy: It is recommended to go short at the rebound of 3137-3142, with a stop loss of 3150. The target is 3110-3100, and the battle for 3085 will be launched if it breaks.
OANDA:XAUUSDShort
by BenedictLuc8
Bearish breakout?CAD/JPY is reacting off the pivot which acts as an overlap support and could drop to the 1st support which has been identified as a pullback support. Pivot: 103.58 1st Support: 102.28 1st Resistance: 104.70 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Could the price bounce from here?NZD/JPY is falling towards the pivot and could bounce to the 1st resistance. Pivot: 84.49 1st Support: 83.49 1st Resistance: 85.54 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bitcoin Descending Channel - $65,500 Support Retest?Hello traders, in today’s Bitcoin analysis, we are going to look at recent price action developments and the rejection that occurred in the past 12 hours. Bitcoin remains within a descending triangle, printing consecutive lower lows and lower highs. The latest move saw an impulse pump into the 0.618 Fibonacci level, aligning perfectly with the descending channel range high. This resulted in a rejection, reinforcing the probability of a move lower. Key Points: • BTC is trading within a descending triangle with a clear lower high and lower low structure. • The recent rejection occurred at the 0.618 Fibonacci level, aligning with the channel range high. • The next key support is at the lower channel boundary around $65,500. Bitcoin’s price action has solidified this descending trading channel, and until a breakout occurs, the market will likely continue to respect this structure. If sellers maintain control, a move toward the channel low remains the most probable scenario. However, BTC can still range within this formation until a decisive break occurs. Traders should keep an eye on key support and resistance levels, as any strong reaction at these areas could indicate the next major move
CRYPTO:BTCUSDShort
by AzizKhanZamani
2
GBPUSD H4 | Bearish Reversal Based on the H4 chart, the price is rising toward our sell entry level at 1.3150, a pullback resistance that aligns with the 61.8% Fibo projection and the 200% Fibo extension. Our take profit is set at 1.3013, a pullback support. The stop loss is set at 1.3319, a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Gold's counter draw 3115-18 is still an excellent short spotGold fell after hitting a high of 3135, but failed to stand firm at the 3121 real level. The daily line closed with a long upper shadow, indicating significant selling pressure from above. The current key watershed is in the 3115-3121 area: if the closing price falls below this position, the lower side will test the strong support band of 3085, and the medium-term trend may turn to shock adjustment. Pay attention to the 3115-3118 pullback opportunity, and you can arrange short orders in place. There are two points to note: First, if the price fails to quickly pull back to 3115, it may accelerate downward; second, if it unexpectedly recovers 3115, it is necessary to adjust the strategy. Gold operation suggestions: short in the rebound 3115-3118 area, stop loss 3125, target 3085.
PYTH:XAUUSDShort
by GladysEmily
Gold 100% ProfitGold failed to hit 3200 and turned to fall. In the early morning, it bottomed out and rebounded under the influence of the news of the implementation of the tariff policy. It continued to rise in the morning and reached the highest level of 3167, with an increase of 62 US dollars from 3105-3167. However, the market rebounded from the high and fell in the Asian session, and fell sharply in the afternoon, reaching the lowest level of 3116. This continuous decline basically bid farewell to the possibility of continuing to rise today. The watershed was broken in the morning, and there was no hope of breaking the high. Today's continuous sharp decline is mainly due to the implementation of the tariff policy, buying expectations and selling facts, and the actual implementation of the news. Longs took profits. The European session may rebound from the low sideways. In the evening, we will focus on the pressure of 3140-3150. If the intraday low of 3116 breaks, it may fall to 3100 again. The more tests are made, the greater the probability of breaking. There have been three downward tests before. The breaking market will initially turn to short, opening up the space below. Focus on the big non-agricultural data tomorrow Friday. The current gold price has risen again and again, and it has deviated from the technical structure, and the risk has increased accordingly. The market has repeatedly forced to rise. No one knows where the top is, and there is no previous high for reference. The risk area can be preliminarily judged by the increase. In short, don't be too arrogant, and stability is more important than anything else. In terms of trading, the overall market of gold yesterday was in line with the expected judgment. The bullish market turned to shock and adjustment, with a range of 3138-3100. In terms of operation, I went short at 3131 in the morning, reduced my position at 3118, took profit at 3110, and earned 21 US dollars; I waited and saw whether it would break above 3138 or below 3100 in the European session; I went short at 3119 in the evening, and went up to 3130 with a light position and added shorts, and finally took profit at 3116-3117, earning a profit of 13 US dollars.
OANDA:XAUUSD
by EmmaSaxton
XAUUSD: Continuing the journey to increase sharply?Hello to all speculators! After carefully examining our 1-hour chart, it is evident that the uptrend remains intact. Despite some minor corrections, the upward momentum persists, especially after gold successfully broke through the previous resistance barrier. There are no signs of slowing down, indicating that the global uptrend foundation remains solid. A potential new bullish wave may emerge at this high level, continuing the long-term upward trend observed in recent weeks. Gary's target is to surpass the peak of $3,167 and aim for new highs in the near future. If you find this information helpful, don’t forget to like and follow Gary for the latest updates!
OANDA:XAUUSDLong
by Garygoldtrader
4
Which of the Multiple Patterns Will Play Out?Hey friends, I’m back with another great coin analysis. Today we’re looking at #FORMUSDT.P. On this coin, we have multiple formations, including the BULLISH WOLF WAVE FORMATION, a potential breakdown of a falling wedge, and perhaps a flag formation as well. If we take the Wolf Wave formation as our main guide, our first target would be the $2.40 level, which corresponds to the 4th movement in the pattern. The second target, depending on the time frame, would be around the blue line, which is approximately $2.63. If the flag formation plays out, we could potentially see a price range between $2.80 and $3.10. Let’s watch and see how it goes. My long position is active with some leverage. Let’s fish and see what happens! 🎯 Manage your risk, stay in the game! 🎯🔥 #AlyAnaliz #TradeSmart #CryptoVision #FORMUSDT #Binanciega
BINANCE:FORMUSDT.PLong
by Binanciega
1