Harmonicsignals
ETH/USD at the PRZ of a year-long bullish Gartley pattern?A lot of the harmonic patterns that I've been finding end up playing out pretty well so I figured this one was worth a shot. Common targets at A, B, and C with and the aggressive targets based on an XA+D fib extensions highlighted with red rectangles. EOS has also met a long-term trend line and the area I labelled as my "optimal accumulation zone" a few months ago(refer to related ideas). Just another bullish harmonic to give me a little more confidence in the impending recovery of cryptocurrency in general. My medium/long-term bullish bitcoin prediction is holding up well so far since $5800, and from everything I'm watching it's looking good to continue bullish momentum for now, albeit just barely. It bounced off my cryptowatch livestream trend line at $7850 and seems to be wrecking bears as I type this, reaching for $8100 again where it starts to become more safely bullish.
Bullish Gartley pattern on PINK after longer-term bat patternGiven BTC's recent bullish movement I suspect most alts are finally about to see some sustained positive action. The fibonacci extension to the right is the length of XA starting from point D in order to determine common targets beyond the obvious A, B, and C points. 1.27, 1.618, 2.27, 2.618, etc for more aggressive targets based on this pattern.
EURUSD LONG
We have completed the wave 4 and we are looking to enter long for the wave 5
Here we can see a bat pattern that completed at the end of wave 4 confirming a long postion
We are waiting for the price to retrace to the 50 or 61.8% of the first up move of the wave 5 so we can have a nice presice entry
A nice divergence that confirms the bat pattern and also the smaller wave 3and5 of the wave c of 4
here will be our entry at the 50 or 61.8%
entry : 1.22524
stoploss : 1.22003
tp1 : 1.23639
tp2 : 1.24000
tp3 : 1.25428
A nice risk reward of 2/1 for tp 1 and 5/1 on tp3
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NZDUSD SHORT
Here wave 4 has completed and we are looking to enter SHORT for the wave 5
We see a nice wedge breakout that confirms a sell
We will enter at the 50% or 61.8% of the first move of the wave 5
A bat pattern that confirms the sell and the completion of wave 4
divergence at the completion of wave 4 and at the completion of the bat pattern that confirms the sell
this is should look like our entry
entry : 0.72573
tp1 : 0.72320
tp2 : 0.71959
tp3 : 0.71621
a risk reward of 3/1 on tp 2 and +- 5/1 on tp3
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i'm happy to answer any question !