A Type2 Bearish Gartley Pattern setup could be the answer for a counter-trend trade. I'm waiting for a retest at 125.68 for a shorting opportunity.
1INCH/USD Trade Set Up Bullish Shark Harmonic with a type 2 return sprung above critical resistance Low Risk Value Perceived Areas Thin order book from here to 2nd target at $3.60 (100% profit potential)
XMR/USDT - Active Trade Set Up since 26th Feb - (Wasnt posting publicly before) (first target hit) (3 targets to go) Entry $154, Stop Loss $131, Profit Taking Levels $237, $262, 296, Argument = Bullish Butterfly, Type 2 Return at critical support with classic bullish divergence and a confirmation bullish engulfing candle
Active Trade Set up Outperformed the Macro Created the Bullish Bat Harmonic at the 0.886 retracement sprung and backtest of spring (type 2 return) On an old inflation point from history Hidden bullish divergence develops at the PCZ of the harmonic where it just happens to have also created an inverse head and shoulder pattern
On 3Mar22, I've posted the Type2 Bearish Shark Trading Opportunity. In that post, I named the movement Shark Tank. You can see the movement of 103pips has been made. Interestingly, the market stops and respects the level that I've plotted. This is not by chance but by having a solid foundation in chart analysis. (You can check the Related Ideas within the...
Could this be the zone that we can play with for a while? Looking for trading opportunities within the zone that was formed by the Bearish Shark Pattern. And because it is caused by the movement of Shark Pattern, I'm going to call it, Shark Tank... =P I'll look for shorting opportunity, like Double Top with RSI Divergence or Bearish Harmonic Pattern in the Range...
Polkadot just made a full 886 retrace with a Type 2 return, double bottom right at the 886 now just look what happened after last full retrace One could easily setup a trade here and stop out below the double bottom sind you don't wanna have anything to do with DOT below that major accumulation structure. Take your profits wisely according to those fiblevels....
WOW! CADJPY is our trade of the month. First, we engaged the trade on a Bullish Crab Pattern and before the Crab Pattern has even moved towards the direction that I was trading. I'd also spotted the Head and Shoulder opportunity to buy. With Trade management, that trade easily brought us 280pips(approx. 2,800USD/lot traded) of pure profit If you trade Type2...
If you had caught the Bullish Shark Pattern and Bearish 5-0Pattern congratulation to you. That's 100pips on each movement, which totals to 200pips(2,000USD/lot traded) if you traded both of them. Some traders do trade Type2 Pattern, if that's you there will be 1 that is showing up, the Shark Pattern on the 4-hourly chart soon. However, if that's not for you,...
Some traders may read this as a type 2 Bullish Bat Pattern but are certainly not for me. If you are having that conclusion by reading the candlestick pattern, you aren't wrong, but once again not for me. I would prefer to engage the trade based on the latest Harmonic Patterns formed in the chart, which is the Bullish Deep Gartley Pattern. The Deep Gartley Pattern...
A Type 2 Bullish Shark Pattern has formed in the USDJPY 4hourly chart. A type2 Harmonic Patterns mean that the market has fulfilled at least Target1 of the entire setup. At times we can have a weaker(slower) move towards the upside. On the 1-hourly chart, you could plot a trendline and set an alert to wait for a break and close above the trendline as an...
ANT just retested 1.13 Shark Pattern prz and rebounded.
On the Daily Chart, USDJPY is on a potential Bearish Head and Shoulders which coincide with the Type2 Bearish Gartley Pattern and the 15minutes chart Bearish Bat that you see on this 1-hourly chart. I'm waiting for the Bat Pattern confirmation on the intra-day timeframe and head in for the shorting opportunity. This is the only trading idea I have that allows...
A Type 2 Bullish Bat Pattern completed at 1.3420. Why is it important to know if it is a Type1 pattern or a Type2 pattern? Well, a Type 2 pattern simply means that the Harmonic Pattern has reached Target1(at the minimum), this means that some of the traders who were on it, has already got off the ride, lesser traders in that direction means weaker movement. You...
There are two Harmonic Patterns, namely the Gartley Pattern and the Bat Pattern on the Daily Chart, but what I want to put my focus on is the Bullish Parallel Channel. The three timeframes, the Daily, 4-Hourly and 1-Hourly chart respected the Bullish Parallel Channel which gives the counter-trend traders an opportunity for a buying opportunity. The potential...
If you are familiar with Harmonic Patterns, NZDJPY is a fun pair to trade. At this moment, either 5-0 Pattern or Bullish Shark check back is going to happen on the 4-hourly timeframe.
A Type2 Bullish Bat might not intrigue many Harmonic Patterns Traders to engage the trade. The rationale is simple, a big percentage of the Harmonic Trader has exited the trade and not looking to enter a new trade, but you can treat it as a structure trade setup on this Bat Pattern too. Take note that Point C touches Point A.