Shark
Perfect automated detection of Cypher & Shark PRZ - ShortA Bearish-type Cypher pattern occurred.
If the price rises to 1.3597, a Bearish-type Shark pattern could occur.
Also on the weekly chart, Bearish-type Cypher pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Possible Shark Pattern on SPX, SPY, ES1!Looks like there's the potential for the development of a shark pattern with a rather fast rise in the value of the SPX, to the point of reversal near a developing downward trend line.
A reveal here would correspond w/ a corrective c wave extending to 0.618 AB, which adds to the impulsive upward move.
Just an idea. SPX looks a little over sold in short term; although longer term rate rises are putting downward pressure on risk.
NZDJPY - Bullish SharkTo those who trade based on currency correlation, this is one setup you have to look at. On the surface, the NZDJPY and NZDUSD both have a Bullish Shark Pattern on the 1-hourly chart, but if you look closely at the 4-hourly chart, you will be able to see the future of these two pairs differs from one another.
On the NZDJPY, the Shark Pattern is more direct, in and out of the setup. However, on the NZDUSD setup, there is a potential trading combo setup.
Check out the related ideas at the bottom of my tradingview post to learn more.
NZDUSD - Bullish SharkProbably "the most important" Bullish Shark Pattern of the week. I'm waiting for the market to fulfil the Shark Pattern at 0.5583; for that to happen, a 3-bar reversal has to be seen.
What is more important than the Shark Pattern is the fulfilment of the 5-0 Pattern. The market shouldn't break and close beyond the red box that marks 5-0 Pattern, and when that happens, I'm going to head in for a shorting opportunity and might just ride the wave down on a Bearish Flag Pattern that could form on the 4-hourly chart.
You can check the related ideas at the bottom of the tradingview post on the potential bearish flag pattern.
EURUSD-Weekly Market Analysis-Oct22,Wk1The EURUSD is on a Bearish Trend on both Daily & 4-hourly charts. The key resistance level on the Daily chart is at 0.9900, and on the 4-hourly chart, we have a Bearish Shark Pattern that completes within the sell zone(supply zone) at 0.9866.
Last Friday, we did an aggressive short on the 1hourly chart based on a potential double top setup that has an RSI Divergence with it. Currently, the setup is a double top with a retracement pull-back. Normally, it is a perfect opportunity for traders to engage in the trade, I don't quite like the current candlestick pattern confirmation.
I leave that to you. Related Ideas is at the bottom of the tradingview chart.
ADAUSD: Trading at Harmonic Levels of ConfluenceADA Right Now is Trading at the PCZ of a small Bullish Gartley(The Harmonic furthest to the right) and a Bullish Cypher(The Harmonic in the Middle) and A Shark(The Biggest one to the left) Usually ADA tends to lag after XRP so as long as BTC holds these levels we should be able to see ADA break above the trendline from here in the coming weeks or atleast test the trendline and if ADA Breaks the Trendline i'd expect to see it get bought up to the next maor resistance at 89 Cents.
The trendline mey just act as a Bullish Dragon Validation Line if it breaks out.
Here is a zoomed in screenshot of the Army of Harmonics we have here before us:
Quarterly DXY & Fed Fund RateChart Shows quarterly DXY and Fed Fund rate, with macro shark harmonic. Terminal PRZ of T1 at 117, t2 125 region with t3 at 136-38. Would be nice to see consolidation at 115-116 back to 106-8 area as other nations begin intervention. As of this hour, GBP halted trading trading as it collapsed 3.25%
***harmonics are not a predictive tool, they are a phenomenon of interest we see in the markets but I personally have no data suggesting they backtest in any consistent or reliable way across asset classes.
USDJPY-Weekly Market Analysis-Sep22,Wk5Monetising on the idea that USDJPY has a completed Bearish Crab Pattern on the Daily Chart, I'm waiting for this odd-looking Bearish Shark Pattern to complete at 145.27.
Normally, I wouldn't have factored in the fact of BOJ intervention that makes the chart an odd-looking one, but because the level of the PRZ within the shark pattern converges, I'm going to observe how the market reacts at 145.27 before engaging the trade.
Perfect automated detection of Shark PRZ - LongA Bullish-type big Shark pattern may occur when drop to 1.0485.
There is also a support zone at 1.048-1.054.
(In this support zone, there was a rebound in Feb 2022, Sep 2021,...)
Long after pattern generation and seeing the rebound. At that time, be careful of re-inversion in the resistance zone of 1.063-1.066.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
BTCUSD Stopping Volume at PCZ of Bullish SharkBTC has given me great reasons to be concerned that we would break through our PCZ and pull down into the 78.6% Retrace below but despite how many times it's tried it's managed to hold the local 88.6% Retrace as support and now we will have confirmed a stopping volume candle on the daily if BTC's Daily Volume doesn't change much in the next 15 minutes before the close so i will be doubling down here with a stop below the 78.6% retracement.
NZDJPY - Bullish SharkHave a closer look at NZDJPY, a 4hourly chart. My setting to the chart is (UTC +3), which means the candle close will happen at 1 pm (GMT +8).
For this setup, I will not wait for confirmation on the 1hourly chart. You will understand why if you have a strong trading foundation.
BTCUSD: Bullish Cypher at Weekly Support Congestion ZoneBTC leading to the Fed SPeaking in the 21st may see a rally from the Support Zone it's been trading within. It formed this Bullish Cypher/Shark on the Daily and rallied about 61.8% of the way before failing and pulling back down again. This sorta action is very dangerous as it makes me think it could be a Bearish 5-0 that could lead to us making a lower low and if we do that we will likely come back down to atleast the 786 retrace below at 17.8k. But as of right now the move down to PCZ of this Harmonic has been fast and on above average volume with a wide spread so i believe that we have a high chance of recovering the bearish price action and trading back to the top of the range as the new trading week begins, and if we break above the range we could see a secondary target of $26.5k
Perfect automated detection of Shark & AB=CD PRZ - ShortA Bearish-type Shark pattern occurred near the resistance zone of 1.327-1.334.
(In this resistance zone , there was a rebound in Oct 2020, Jun 2020,...)
If the price rises further, a Bearish-type AB=CD pattern is likely to occur.
Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 1.285-1.306.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
AAPL: Weekly Bullish 5-0 on Apple Inc.Apple after reversing at the PCZ of a Bullish SHark May look to Bullishly Underperform in Bearish price Action and Reverse at the 50-61.8% Retrace if it does reverse wwithin this zone then i would expect it to make atleast an Equal High to the Last High and even may expect to see it hit a 1.618 Extension from the Previous High to Low which if the low lands anywhere between the 50 and 61.8% retrace we should see the 1.618 extension land at around $195-$200