Hello and welcome to this analysis based on Harmonic Trading Patterns In the daily time frame it has made a Bearish Harmonic ABCD pattern with perfect balance symmetry. It could retrace down to 440 - 430 as long as it does not trade above 461 As per Option Data also July Series 460CE is seeing fresh shorts being added and 440PE is seeing short covering. While...
BEARISH ABCD PATTERN 1. Parallel Channel is showing a downward move. 2. Harmonic ABCD pattern is also giving a bearish signal. 3. TP is set to 0.69534 4. SL is set to 0.70257 5. RR ratio of 1:1 is set for this trade. 6. This is a counter-trend trade so need to be careful of any bullish signs.
Short Position taken after observing price action at following 1. Bearish AB=CD
Long position taken after observing price action at following 1. Bullish AB=CD pattern
Today we are going to propose different movements at the same time, for anyone who can follow them closely and wishes to operate any of this range of possibilities. First of all I want everyone to understand the larger range pattern that is being formulated, a reverse shoulder head shoulder, secondly, it seems convenient to me to apply the Elliot wave rule and...
OANDA:GBPAUD Is setting up nicely with patterns and AI. At 18:00 we have a CIT window and we are in the area of the Gartley ABCD pattern completing @ 1.7277. Then looking to trend for the rest of the day. I hope this helps. Enjoy the day.👍👍
CADJPY looks to be heading toward a new high with Three white soldiers formed in the past 3 hours. Also looks to be an uptrending chart with a possible formation of AB=CD Chart Pattern
GBPJPY, Chart pattern looking to form AB=CD chart pattern with a possible trend reversal once it has formed a new high. Also the candles have formed three white soldiers which gives a strong buy signal
A potential Bat Pattern forming on the hour timeframe of NZDJPY. You can see where the market retraces to the 50% zone being shorted for some time. If you want, you could go long now and set a SL just below the C point and take it all the way up to the Fibonacci Extension level of the 1.618, which is the bottom of the rectangle here. I say that because inside of...
On the AUDCHF Chart, we can see that the chart has recently formed an AB=CD Bearish Chart pattern. With this sighting as well as bearish red candle. I have taken a short position with SL defined at the LH level
Taking along position based on the presumption that the chart will be forming an AB=CD Bearish Pattern in the next few days. Also saw a bullish candle before taking an entry.
SOLUSDT made nice AB=CD pattern Entry: 38.47 SL: 37.2 TP: 40
COINBASE:BTCUSD is coming into a CIT window shortly that might see a high for the next day. Anything above 24k after 21:30 would mean its wrong and we will head higher. This is where I match AI with patterns. It has a 30min window to turn, if not then failed pattern and AI. We had a nice 3 Drive ABCD pattern on the 20th. Keep an eye on it. Enjoy the day. 👍👍
Based on the AB=CD Bullish chart pattern spotted currently in the market. There is a possibility that there is a trend reversal allowing us the opportunity to enter frm the best possible entry point to ride out the uptrend
There is also a pin bar to increase the probability of reversing. Time for a long :)
Hello and welcome to this analysis Glenmark after consolidating near its monthly support attempted a fresh upmove from 350 to 400, Post that it has made a sideways corrective forming a Bullish Harmonic ABCD. The current reversal from 375 could be a higher low of the new uptrend in it and it could rally till 410-425-450 as long as it does not breach 374....
OANDA:JP225USD Has completed a Gartley Sell signal this morning on the open of the Asia Session. The Daily AI had a top at that time as well. First area to watch will be around 26300-26430 area below there would set up a 25500 Double bottom. If it gets up above 27k then we will be looking at 27500-27800 bigger Gartley area. Some levels to watch. Enjoy the day.
OANDA:AU200AUD is setting up for another Gartley sell pattern. This time we have the choice of 2 to choose from. The first one comes in at 6730 the smaller pattern. The second would see it going up into the 12th of July which would give it equal time and price. These come on the back of the previous Gartley sell at 7297. Its great when patterns line up one...