Here we have US Oil creating a bearish Bat pattern. Its a Really nice pattern to consider. a good entry point would be the 127 XA Projection. I say that becasue there are a weeks worth Piviot Points lined up at that price point.
Part 2 of EJ. here we have a bullish butterfly. again we can trade this pair up or down. good spot to be in
***This is an online journal entry.***. As previous entries on my profile i am still learning how to be a Harmonic Trader. I am not a big fan of the crab patterns as they extend quite a bit past the XA leg. Originaly when i started trading patterns I admit i ignored the importance of the AB=CD. But, after reading the Books written by Scott Carney the back bone of...
We have previously caught some decent swings on this pair! Make sure you check the related ideas below. We have a Double Bottom formation on the daily timeframe. The 113% expansion is crucial in a Harmonic Shark Pattern or the Harmonic 5-0 Pattern. Considering the 113% expansion, this set-up could potentially be leading to a bearish shark or bullish 5-0 pattern...
Potential bat pattern forming on NZD/CHF 4 hour time frame!?? TP @ 61.8 Fib retracement of C/D If price action confirms further bearish movement @ 61.8 fib then TP2 will be towards 127% extension of C/D
The chart above shows you how the market moves in harmony. We will trade the Crab pattern till the harmonic bat has completed.
Find this Harmonic bearish Bat, wait for the market to test the area again and sell from there, and sl and tp as shown in the chart. Trade with care, cheers
lets wait for a reaction at the Potential reversal zone
We have a small shark that will hopefully complete our bigger shark
We will short when we get a reaction in the red box
We have a shark and bat on oil wait for a reaction at the 88.6 then buy
A bullish bat pattern is about to complete, RSI is already at oversold level. PRZ is at a good support level. Not ambitious on this on as the Commitments of Traders reports on USD shorts have risen. DO note that federal funds rate and NFP announcements will be released this Thursday and Friday. Please trade with caution. R:R at 1.8. Good luck.
A potential bearish Gartley pattern is completing soon with RSI at overbought level. PRZ is at a good resistance level. R:R at 1.2. Good luck.
A potential bullish bat pattern is completing very soon with RSI at oversold level. PRZ is also at a good support level. However, we still need to see some price or RSI retracement upon pattern completion to decide. R:R at about 1.7. Good luck and have a good week ahead.
Bitcoin has been tanking since mid of December 2017. A bullish Gartley pattern is completing soon. RSI is almost at oversold level, PRZ at a good support level. R:R at about 1.8. Good luck.