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Shark
GBPUSD resisted at 1.22GBPUSD met resistance at the psychological price action level at 1.2200. Traders looking for a counter-trend trading opportunity could consider and observe how the market reacts at the resistance level at 1.2192 for a shorting opportunity like a Double Top with RSI Divergence.
Failure to hold at that level, traders can wait for the Bearish Shark Pattern completion at 1.2237 for a shorting opportunity.
A 213pips of Profits PotentialOn the right is the Bullish Shark Pattern that has been identified since the week before(related idea is within this TradingView post).
On the left is one of my favourite trading setup, the Sideway Bounce trading opportunity. Trading from end to end gives 213pips(2,130usd/lot) of profits potential. The market has to touch 1.0745 to complete the Sideway Bounce trading setup, but a retest to 1.0532 would be good enough to engage it as a combo trade and ride on the Bullish Shark Pattern on the higher timeframe as a combo trade.
Bullish Gartley Pattern at XBullish Gartley Pattern at X is a trading setup that most Harmonic Patterns Traders won't be taking. I'm waiting for a retest at 0.9050 in waiting for a buying opportunity.
The retest will have the Bullish Shark Pattern form up on the first time on the 1-hourly chart. A perfect setup for a Combo Trade Trading Management.
Combo Trade, Buying Opportunity on EURUSDOn the right, the Bullish Shark Pattern has been completed. A retest at 1.0530 would give an opportunity for trend traders to engage in the trade.
On the left, the sideway bounce trading setup on the 1-hourly chart gives traders like me to trade it both ways, shorting and buying opportunities. However, my focus will be put on the buying opportunity at 1.0537 to form a combo trading management setup.
Wells Fargo: Diamond Top Bearish BreakdownSInce Reversing at the PCZ of a Bearish Shark WFC has formed a very clear and defined Diamond Structure. I believe that this week we will confirmed a Bearish Breakdown of Structure and the Moving Averages in which that should mark the start of a Volatile Decline to around $20 or even lower.
BTC Weekly: Long-Term Bullish Shark Harmonic?Lets take a look at the BTC weekly chart technicals:
RSI is at major lows
Repeated testing of 17k support
Signs reversal on the MACD+Stoch indicators
Increased buy volume on BTC/USDT for KuCoin and Binance
For chart analysis, we can see we are nearing the red line at the bottom, which represents the lowest possible trend floor at around 5.5k along with other support lines at 17k and 10k.
We could see a breakout from the large, declining triangle pattern which I believe is a Bullish Shark Harmonic Pattern . If it proves a valid reversal indicator we could see a good rally from around $12k - $13k. This is my observational opinion.
Alternatively, we could see it test the 10k mark support line below the triangle before a confident reversal signal! I believe this is a more bearish view, but possible.
If we look at market cap indicators, TOTAL, TOTAL1 and TOTAL2, we can see buying volume is higher for BTC relative to altcoints, indicating a possible influx to the largest cap currencies such as ETH, XRP, ATOM, HBAR, etc.
Is This a DCA Oppertunity?
My TL;DR opinion? Neutral-bearish on the short-term, bullish on the long term. Cautiously engaging with solid DCA strategies from these prices.
If we take a look at the wider economy and political climate, there is a tremendous amount of uncertainty surround FIAT after the dollar’s overwhelming rally against the Euro, GBP, and JPY! Gold lost a key support level at $1,700, and major indicies such as NASDAQ are still underperforming.
Whilst crypto is classed as a high-risk asset, some investors are noticing this moment of stability compared to the rest of the global market. It is impossible to make a perfect prediction and we could absolutely see some Lower Lows on crypto before a relief rally.
Silver is a commodity on the radar that could be showing signs of a major upswing, although I have yet to do a confident analysis on it.
With all that said I would personally be comfortable DCAing into crypto from here over time, with the expectation of another respectable dip before a full reversal🙏
Note: Nothing posted constitutes as financial advice, or any form of advice, and is designed to inform and educate!
sloppy harmonicsif you learn one thing in crypto imo it should be the cypher and the shark harmonic patterns, the stop-hunt, liq grab fakeouts. higher high and lower low reversals. market makers love these simple, scammy, algo-driven (ratios are precise) fakeouts and they bank on you not knowing them and so letting your emotions get the best of you. learn about them if you haven't yet. protect yourself, don't get stuck buying the top or selling the bottom bc intro TA tells you a higher high is always bullish and a lower low is always bearish. don't let these clowns get your money, esp not when they're using the good name of math to hurt you. deconstruct their traps
anyway this is sloppy, totally inexact, just here to remind myself and keep in my bag of confluence. the subjective nature and imprecision of harmonics is NOT an excuse to not use them imo. just like elliot waves. like everything else they are a useful tool when part of your bigger picture.
blue is cypher (.786 finish) and yellow is shark (.886 finish), obviously targets depend where you start them, which is why that mid-18 confluence is interesting. (a lot of other confluence in that area too including just basic price action)
use the cypher tool, not the XABCD tool with harmonics. they are slightly different in terms of how they calculate and the difference can matter
stay safe out there, don't forget about the people who love you in spite of your gambling addiction (most of all GOD)
🍎Apple🍎Analyze (Bearish 🦈Shark🦈 Harmonic Pattern)!!! 🍎Apple🍎 was able to make a Bearish 🦈Shark🦈 Harmonic Pattern near the resistance line and PRZ (Price Reversal Zone).
Since I expect that NASDAQ and S&P500 will go down, I believe my Shark will work too.
Also, we can see the Hidden Divergence (HD-) between MACD Indicator and price.👇
Apple Analyze Daily Timeframe (Log Scale /Heikin Ashi)⏰
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
This candle closed will determined everythingThis candle closing price would determine whether I will aggressively engage in this trade.
I need to see a long shadow candlestick pattern formation by our school definition.
Do not that if I decided to engage the trade in the next 3minutes, it means that this trade would be an overnight risk trade.
ETHUSDTPEthereum Price Prediction Tomorrow, Weak And Month
Shark Pattern on Ethereum
Ethereum (ETH) has been making banner in the cryptocurrency world with its recent surge in price attracting the attention of all traders and investors. While the market for ETH remains volatile there are some indications of that a Bearish trend may be on the horizon. In particular a potentially bullish shark pattern is developing on Ethereum with almost 4 legs confirming the pattern but D leg is not confirmed yet but we can see the D leg is developing nicely and its on the way.
The shark pattern is a lesser g known chart pattern in technical analysis but one that can be quite powerful when it does occur. It is a variation of the more well known harmonic patterns such as the butterfly and the bat. Like these patterns the shark pattern is based on Fibonacci ratios and can signal a potential reversal in the price trend.
In the case of Ethereum, the shark pattern is developing with almost 4 legs. If we calculate X - A for B leg is at the 0.382 Fibonacci retracement level and the C leg is precisely at the 1.13 Fibonacci extension level. The potential reversal zone for the pattern could be at the 0.886 Fibonacci retracement so potential target for the pattern expected at $1148.
For Analysis visit our website
Tranchess (CHESS) formed bullish Shark for upto 60% rallyHi, dear friends hope you are well and welcome to the new trade setup of Tranchess (CHESS) token.
Previously we caught almost 62% pump of CHESS as below:
Now on a daily time frame, CHESS has formed another bullish Shark move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
A retest could save your some moneyIf you have managed to short the USDJPY trade on the Bearish Bat Pattern, congratulation is on the way. If you have not engaged the trade, perhaps you can wait for the market to retest 136.95 on the 1-hourly chart to engage the Bearish Shark Pattern could be the next best thing that could happen to you.
All you need to do is to wait and see if the opportunity presents itself.
Internet Computer (ICP) formed bullish Shark for upto 62% rallyHi dear friends, hope you are well and welcome to the new trade setup of Internet Computer ( ICP ) with US Dollar pair.
Our last successful trade of ICP was below:
Now on a 4-hr time frame, ICP has formed a bullish Shark move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Opportunity to buy some Gold$1824.47 is a Great price for me to engage the Gold on a buying opportunity, especially a Bullish Shark Pattern has shown me an opportunity to get involved.
Normally I don't like to engage the trade on a Friday evening(SGT), but a trade like this with RSI Divergence it's hard to say no.
NATURALGAS: 3 White Soldiers at Bullish Shark PCZAt the start of the year Natural Gas had a potential Bullish Shark setup at the minimum .886 PCZ and it ultimately failed to pivot from there but now we are significantly lower at the 1.13/1.618 Confluence zone of this Shark and are showing Bullish Divergence on the MACD as well as a 3 White Soldiers pattern on the daily. The bullish Target for Natural Gas remains to be $4.5 but it could go as high as $9.00. As for stops i'd put it below the second candle of the 3 White Soldiers Pattern which should be below the PCZ.
Bullish Shark $SQ 186$ After a completion of a bullish harmonic shark price bounced up from 886 Fibonacci from XA leg that represents the PRZ "Possible Reversal Zone"
Usually the shark pattern target is the 0.38 Fibonacci from XA leg as you can see on the chart the price target is 186 in addition to a classical Head and Shoulders pattern confirming the move once it hit 92.70
1 Trading Ideas might workThe Bearish Shark Pattern with a HUGE cross might not complete this round; instead of the Shark Patterns, it could form a Bearish Gartley Pattern.
Personally, I will have my focus on the Bullish Shark Pattern that is completing at 1.188.
I've a Bearish Biasness on the GBPUSD based on the higher timeframe, which means the buying trend would be a means to an end.
If the Bullish Shark Pattern does form up, I will be waiting for the Bearish 5-0 Patterns.
I know there is a lot of this going, I will be updating my analysis along the way.
Feel free to prompt and remind me in the comment segment if I've not done so.
A buying and shorting opportunityA buying opportunity and shorting opportunity present on the EURUSD trade, which would you take?
On the higher timeframe(right), there is a buying opportunity base on the Bullish Shark Pattern that is completing at 1.0519. Although the trade is within the Buy Zone(blue box), a retest at 1.0519 with an RSI Divergence is preferred.
On the 4-hourly chart, the Bearish Flag Pattern is on the move. The way I'll trade it is to wait for a retest at 1.0666 with an RSI Divergence.
Both setups are trend trading; which trade would interest you?