Honestly, I don't feel like explaining, the chart says it all !!the POPCAT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
Note: we should wait for the breaking of the triangle and than make a move!
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
AB
Short-Term Resistance Calling for Attention on USD/JPYSince topping at ¥156.77 on 14 May, short-term price action on the H1 chart for the USD/JPY has exhibited a downside bias. Of late, as you can see, recent flow chalked up a pullback from a low of ¥153.60 and has initiated the process of forming the D-leg of an ‘alternate’ AB=CD bearish formation at ¥154.95 (marked by a 1.618% Fibonacci projection ratio). The rationale behind selecting this alternate pattern, and not the 1.272% Fibonacci projection ratio (or the equidistant AB-CD), is simply down to the confluence that the 1.618% Fibonacci projection attracts: a 61.8% Fibonacci retracement ratio at ¥154.97 and a nearby 38.2% Fibonacci retracement ratio at ¥154.81.
ETHUSDT: Possible Swing Target Towards $4500! BINANCE:ETHUSDT
Price is in process of making ab=cd pattern where we have a possible order block placed too at the point of D which is our area of entry. Our initial target is at $3500 and then $4000 and lastly it will at $4500. We can achieve this target by end of this month or next one depending on how other Economic factors interfere with the price movement.
good luck.
GBPUSD🗝️ LEVELS TO WATCH 👀AND WHY🤔🐲Hello Awesome Traders!
I trust you're having a fantastic trading week so far. Let's dive into an exciting opportunity presented by GBPUSD on its 1-hour chart. This setup is worth exploring as it offers potential for profitable trades.
GBPUSD has formed a double bottom pattern around the 1.2529 level, with striking similarities between the first and second bottoms.
Examining the CD leg, we observe two sets of equal downward swings, indicating symmetry in length. This setup is conducive to buying low and selling high, offering opportunities for traders.
For pattern enthusiasts, there are two notable formations: a flat AB=CD pattern and a dragon pattern. These patterns provide additional confluence and increase the setup's reliability.
I've drawn a trendline marked as 'E,' which the price should ideally break with a surge in volume to confirm market participation.
Targets:
For intraday traders, consider targeting the 62% Fibonacci retracement level of the AD leg at 1.25944.
Another target to watch for, especially for those eyeing the dragon pattern, is the 78% Fibonacci retracement level of the AD leg at 1.26125, which aligns with the 127% extension of the CD leg.
Trading Strategy:
Swing traders can monitor the chart over the next few days for potential long opportunities.
Keep an eye on price action and volume dynamics for confirmation before entering trades.
Set appropriate stop-loss orders to manage risk effectively.
For intraday trades, consider taking partial profits at key Fibonacci levels to lock in gains.
Happy trading, and may the pips be with you!
GBPJPY - AB=CDAn AB=CD pattern setup could be used in this manner too. I'm waiting for a shorting opportunity at 167.03.
Aggressive traders could consider an instant shorting opportunity the moment when the market opens, whereas conservative traders could wait for a double top with rsi divergence to engage the trade.
Alliance Bernstein touched bottom. ABIt's going to be a limited recovery.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Alliance Bernstein - pivot confirmed. ABImmediate targets 44.36, 40.89. Invalidation at 64.59.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
There are 2 Types of Pullback Setups - LEARN BOTHHere I'd like to share my favourite entry method.
The chart is self explanatory.
Let me know if you have any questions ....
This will happen during Wave 3 and Wave 5 (for those who subscribe to the Elliott Wave theory)
This pattern is sometimes called the Retrace, the Dip, the Pullback, the ABC correction, the ZigZag. The BOMB (by guerilla guys)
ALLIANCEBERNSTEIN HOLDING LPThe market made a bounce on a very important line. which was a support before
breaking on (March 2)that gave us a nice bearish trend. and that has become a resistance.
For now there's a probability that he will made a correction,around 30.5
to gain strength since it couldn't break that level
SAAB is not getting any loveThe main focus is as the comment describes:
"Testing weak support for the fourth month in a short period of time,
if it breaks I expect a move down to around ~ 260."
The second most important thing to be looking at is that it never really recovered from december lows, while the rest of the market went mooning to new heights.
Entering half of my intended position on monday, rest if monthly closes below 50 day MMA.
Spy inverted, looks very interesting.From what i gather here, trade on before supporting trend line break put, which willl start the B-C wave.
Where will C land, i won't know, but it will touch resistance trend line for sure.
This does tell me that the BIG short is defiantly near as we may be heading back to SPY@200.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion