After reviewing various intervals, I have found a number of distinct harmonic patterns that provide clear structural reactions. After last week's 3.14 reversal, the price has formed successive harmonic patterns - Bullish AB=CD@1880, Bearish Gartley @2240 and now a Bearish Bat @ 2280 on the retest. It looks like another bearish execution at these levels. The...
I started watching Bitcoin nearly a year ago. I have watched harmonic patterns and related measures pinpoint price levels in this market with precision. Today's 3.14 bearish extension was one example of a larger understanding of HARMONICS at work in even the crypto-fx mkt. I updated the original post a few times today stating to cover 1/2 of the original 2730...
BITCOIN now down nearly $300 from original post! The 3.14 Pi resistance firmly intact. The trader in me says cover 1/2 @ 2100 and adjust stop loss to +$60. ...more to come
Here is a HARMONIC SECRET: Always act on Pi projections! When you hit a 3.14 measured level in any parabolic move, the counter move is near. Mr. Bit is on an insane run and now hitting a 3.14 extension on the hourly chat. I don't care how great the future might be for King Crypto, as traders we must respect a measured framework. For now, I am RESPECTING the 3.14...
Bearish Engulfing on 2H and Shooting Star on 4H. Still there is an opportunity to rally up to the Bat level before the final lengthy downtrend.
In my VOL3, I outline a critical AB=CD situation with COMPLEX RSI formations. Look for a minimum AB=CD thrust @ 0.8415 PRZ while looking for RSI to rollover. These situations seek to capture a retest of the initial RSI test @ 0.83. Trend still down until retest completes.
Terminal bar has formed for the bat pattern RSI is at overbought level, waiting for bearish divergence R:R at 1.5 (TP1) and 2.5 (TP2) I have been down on a few trades yesterday as I neglected economic news. Some EUR CPI news in 1 hour, I'll wait till after the news are released before considering a trade.
Here we have a gartley pattern with tight confluence to make the PRZ. Also, PRZ is near support from earlier today! R:R 2.88
After posting the Harmonic Head and Shoulders, the stock is breaking down to retest the all-time low. There is an ALL-TIME AB=CD at $11. The $10-11 range is surely the make-break for Twitter as a business!
FX:USOIL A mix of Darvas, with Carney & Ell.waves :) Safe Trades;
Really nice Shark pattern that the market has made us , if your going to trade this then keep your risk suitable and trade safe guys , i wish you a good week ahead :)
NDX Dip and Rip AB=CD @ Gap Fill Towards the back of my book "The Harmonic Trader" (Harmonic Trader Press 1998) on page 254, I outline situations when pattern completions coincide with price action that fills a prior open gap. FREE ACCESS to "The Harmonic Trader" pdf: harmonictrader.com This chart in NDX 15min is a situation day traders need to look for as a...
Bat Pattern B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 (1.618, 2.00, 2.618) Final X to D: 0.886 AB= CD extension 1.618, 2.00, 2.24, 2.618