Bullish Anti-Crab Harmonic pattern on BTCwe have a bullish formation of Anti-Crab pattern on BITSTAMP:BTCUSD
which is supported by relative volume.
✅ Target 1 : $62,702
✅ Target 2 : $66,127
⛔ Stop Loss: $59,918
Have a good weekend! 🫡✌️
Harmonicscanner
Looking at WMT before the splitWMT split 3/1 today. Looking back over the years, the WMT stock almost looks like a crypto that never crashed. Its gone up consistently over the years.
WMT can be traded technically of course. But one of my friends who is a successful options trader likes WMT for its fundamentals. And I think that shows in this chart over the decades of Walmart's history.
Some people hate Walmart for some of their business practices, but people continue to choose to work there, and people continue to choose to shop there. That says a lot.
Chart patterns are fun to trade if technical analysis is your focus, but if you're looking long term at all, fundamental analysis is not to be ignored.
With the split, there are some benefits to us traders. At a cheaper price, more of us can trade more. That means more volume and liquidity in the market. If you sell options, you might be able to afford WMT options now if you couldn't before.
I'm not sure how the split will affect price...there is an active bearish pattern. But in the long term, no doubt WMT will continue to grow its business and maintain its decades-long trajectory.
Happy trading out there!
NESTLE INDIAHello and welcome to this analysis
In the weekly time frame it is showing a strong reversal with the activation of a Bullish Harmonic 5-0 pattern.
It could do a rally till 19750 and above that till 23000 as long as it does not break 18750
Good risk reward set up in the current scenario
Where BTC going from here? BTC find bottom? Last 4 - 5 months I tracked #Bitcoin to see when it will hit the bottom like many of you and I was expecting capitulation before we see a strong move up from BTC.
Did Crypto find bottom, Alts and BTC? I'm not 100% sure but altcoins made nice 50%+ move some even bigger move from bottom. If you are not already long on some of these movers or if you catch some of these moves I guess it is a good time to take some profits from table and move Stop in profit. I'm 100% sure I will not long here.
Why?
Because I'll wait to see where this going from here. Can Bitcoin push from here without retrace? Sure, it's possible, but the question is what kind of traders are you? Holder? Where to enter and where to place Stop? Anyway this is what I tracked these months for #BTC and what I was looking for (I know bear option is not popular) and what could happen.
Back in September '20 the first harmonic pattern I spotted (after BTC make big drop) was bullish Shark pattern. I also noticed that is choppy waves and usually it is not a good idea to take long in bearish market.
I got the bearish harmonic pattern in result of how the price moves (small Butterfly harmonic pattern)
Again, I noticed choppy waves (not impulse, this move should be part of some larger correction)
At same time, I got a larger harmonic pattern (121 pattern)
and 5 - 0 pattern, that is a specific harmonic pattern (small margin for error)
I assume this is just internal (inside) correction of larger move down (from 25k to 18k) and I have confluence of 3 #harmonic patterns.
Risk to Reward (R:R) is good and in bearish market is always a better option to ride with trend. Clear Entry, Stop and all Targets.
So, Bitcoin reached all targets, for one small and two larger harmonic patterns.
After that drop, the next pattern I got is small Cypher and Anti Butterfly pattern.
Like I said before, it is not a good idea to long in bearish market but these harmonic patterns reached all targets (I ask myself maybe trend is going to change)?
After a nice move from that bottom, Bitcoin reached new larger bearish harmonic patterns (very large 121 pattern and Cypher and Anti Butterfly)
These patterns even reached PRZ however they still did not reach "entry". The question is will it be invalidated (not reached "Entry" before break up) or we will see valid harmonic patterns (hit entry) and reached some targets?
One of the reasons to be careful is because I can see two more possible harmonic patterns above (Crab and more upside Nen Star and Anti Bat).
If this is not bottom one of the options are this Elliott wave that I see.
I guess soon we will see where the top is for this move up (if this is bottom) and what kind of move down we will see after we find top (if this is not yet). 3 or 5 wave down.
Enjoy and good hunting.
OIL INDIAHello & welcome to this analysis on OIL INDIA
In the weekly time frame it has activated a Bullish Harmonic Sea Horse pattern suggesting possible continuation of rally till 325-350 in the medium term
The pattern would be considered negated below 200
A decent good risk reward set up
Good luck with investing
TVS MOTORSHello and welcome to this analysis
A bullish harmonic bat has been activated in daily time frame suggesting a bounce/reversal till 1075/1100 as long as it does not break below 990.
Accumulation zone 1010-1040 for a good risk reward set up
Happy Investing
BHARAT FORGEHello and warm welcome to this analysis
On daily time frame it has activated a Bearish Harmonic Deep Crab indicating a retracement till 850-825 as long as it does not break above 895.
Good risk reward set up here.
A word of caution, results are due tomorrow. So manage your risk accordingly.
Bandhan BankHello and welcome to this analysis
Upon completing a Bearish 5-0 Harmonic pattern it has formed a Bullish Harmonic AB=CD (62/162) at 225 and at the same time activated another Bullish Harmonic AB=CD (38/224) 225-215 PRZ.
Bullish reversal is being seen today. As long as its above 215 it can do 250/275. Accumulate in the zone of 225-235
Good risk reward set up at current level
Happy Investing
SYNGENE INTERNATIONALHello and welcome to this analysis
Syngene has activated a Bullish Harmonic Gartley in daily time frame today.
It could bounce back to 560-570 as long as its above 531
Good risk reward set up at the current level
Happy Investing
DLFHello and welcome to this analysis
DLF has initiated a Bullish 5-O Harmonic Pattern in this pullback.
It could do in the short term 370-380 and 475 in the medium term as long as it does not break below 340
Bullish Harmonic 5-O patterns are spotted in pullbacks which make higher lows and thereby continuation of prevailing uptrend.
Happy Investing
BTC 19.8k -> 21k+ -> back down to 20kJust used lower timeframe bearish harmonics mixed with higher timeframe fibonacci crossovers and noticed a pathway higher timeframes are VERY likely to go:
19,800 -> Between 21k and 21.5k
Between 21k and 21.5k -> 20k
Laddering shorts at 21k and 21.2k after closing LONG and expecting a max of 21.5k
then after we will see but probably up after that. 20k should hold
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.
ACCHello and welcome to this analysis
ACC in weekly time frame has activated a Bullish Harmonic Seahorse.
It can rally till 2800 in the medium term with a stop loss at 2150.
Not for short term derivatives.
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.
NAS100 H1 one more Bulliish Push?OMXHEX:BULL_NQ100X1_NF1
NAS100
Looks like PRICE objective is to visit 13765.00 area before we see a significant correction back to 12432.00 area.
Alternatively we will keep on buying the deep to 15500.00 area for a Bullish Cypher pattern.
DISCLAIMER
Charts are educational, not INVESTMENT recommendations
TATA MOTORSHello and welcome to this analysis based on Harmonic Trading Patterns
In the daily time frame it has made a Bearish Harmonic ABCD pattern with perfect balance symmetry.
It could retrace down to 440 - 430 as long as it does not trade above 461
As per Option Data also July Series 460CE is seeing fresh shorts being added and 440PE is seeing short covering. While August Series 460CE has already formed a very strong OI resistance with more being added currently.
BNBBTC possible reach top for this move || BNBBTC SHORT Maybe BNB here already find top and ready for move down.
Can see some Elliott wave possible count for missing C of this correction.
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.
ADABTCADABTC already come to Cypher and maybe is ok to watch this area for long. We see nice confluence with golden pocket too.
I hope will not visit 0.886 fibonacci where to come to PRZ (potential reversal zone) for Deep Crab harmonic pattern.
Stay safe and good hunting.
NiftyHello and a warm welcome to this analysis on Nifty.
It has activated a Bullish Harmonic AB=CD which is suggesting a bounce back to 17600-17800 from these levels. The view would get negated if it trades below 17175
Harmonic Patterns are based on specific Fibonacci ratios which when found in Market Geometry shapes lead to change of trend - bounce/reversal as long as the ratios & shape remain valid.
GRASIMHello,
A warm welcome on this idea on GRASIM
It has formed a Bearish Alt Shark in daily time frame suggesting downside likely till 1550 as long as it does not breach 1630
ACCHello and welcome to this strategy in ACC a large cap Cement sector stock.
It has made a Bearish Harmonic Alt Shark in hourly time frame suggesting downside levels of 2375/2300 as long as it stays below 2495.
Harmonic patterns are based on Fibonacci ratios coming into alignment. They indicate reversal of trend for retracements of 38-50-62% and more depending on the strength of reversal and overall trend.
Risk Reward : 50 : 70 & 140
Suggested Time frame: 2-3 weeks
SUNTVIt has activated a Bullish Harmonic Cypher which is suggesting a pullback till 500-520 as long as it does not breach 470
