Harmonicpattren
Dow Jones BuyThe Dow Jones is trading in a downward direction, approaching a demand area, and upon arrival, the harmonic (penny) pattern will be completed, and we will open a buy deal upon the appearance of a Price Action candle.
Gold. Where is its "terminus" from War? 19/Oct/23Gold is forming another triangle now in lower time frame chart e.g 1hour chart etc. So probably last leg to complete wave A (yellow).
Rally on USDCHF?The MLQP is at hand, will the bears continue to push dollar beneath MLQP but remain in the hesitation zone and reverse at the PRZ? Only one way to find out
One last push before coming downGBPUSD is still on the downtrend with the bears not backing out anytime soon. However, there seems to be a change in trend as the pound creates a higher low.
Question is, will that support hold and be enough for the bulls to change the course of trend towards the LQP and reach the D point of the Shark Pattern?
BTC Bearish CypherWe saw a bearish Cypher play out on the higher time frames for BTC. About 500 points away from a perfect 786 touch but, this is still valid. The smaller Butterfly played out. Thank you
BTCUSDT final leg down short?Is it time for BTC to go down? Is this the start of a possible 5th wave?
This is only one possible TA for short, although there are many arguments and the possibility that BTC is still going up. But currently the risk reward is so good that this trade looks very attractive. The analysis was made with Fibonacci, Elliot waves and harmonic patterns. Currently BTC reached TP1 for Anti Bat pattern. More on this, that is, in more detail the next day or two, when I have a little more time (and until then, if the bulls want to, I can disable this idea)
MKRUSDTOur uptrend line is reserved for the time being.
In the daily time frame, the crab pattern has appeared for us, which overlaps with the negative divergence of the RSI in the same time frame.
This pattern is a reversal of the trend.
If the upward trend line is broken and the range of $1,383 is consumed, the possibility of a corrective trend will be strengthened up to the price range of $993.
macfos seems a good buy buy near 300 for huge target as mentioned....it is in the uptrend. harmonic pattern
SP500: Consolidation in Short Term?Hi Traders!
Medium and Long-Term Trends are bullish, but in short term SP500 could remain bearish even after a pullback. If we look at daily chart, the Price Action is approaching an important support area around 4,305, if from here it triggers a bullish leg, it's possible a harmonic structure formation (for us, bearish). Having said that, we have a first Target Area around 4,275 and subsequently 4,220.
Trade with care
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MARA +20% in the coming days then +80% in one month?In a context of BTC in a possible pre-halving & pre-bull market rally and numerous Harmonic Patterns and divergences drawn, MARA seems to want to seek an increase...
Can we hope for +20% in the coming days then +80% in one month?
33 ) XAGUSD Daily LongConsidering the divergence that happened on the daily chart, I think that the price will return to the trend line
Try to lose less, profits will come in time
DXY, attempting to break upside significantly.DXY has just broken resistance trendline spanning back from September 2022. The DXY broke trendline coinciding with a key level at 106.
If this break does not end up been a false break, DXY could swing to 109 within weeks and ultimately further grow to 114 in 2024.
LICHSGFIN - Weekly Harmonics patternIn WTF,
=> AC<1 which indicates a bat pattern target of 0.886 level.
Sun Tv - Weekly Harmonics patternIn weekly time frame,
=>XB around 0.786 and AC>1 which indicates extreme shark pattern
=> We can expect a prize reversal around 1.272 level.
GOLD: Daily Analysis |Bullish Pattern|There are many considerations that can be made about Gold, and today we share some of them.
In this geopolitical and economic context, Gold is an important pawn on the chessboard. If we want to understand where the price could go in the coming months, we need to understand why we got this far today (as I write the Spot price is 1925).
💡 What is really supporting prices well?
The answer is very simple, operators have many doubts and uncertainties, so they buy gold, especially as long as US 10Y remains bullish:
(Click on Analysis below)
💲 The US Dollar is also important in this game, and in the coming months it could even surprise us...:
(Click on Analysis below)
📈 Technical Analysis
Having said this, from a technical point of view, if we look at daily chart, we do not exclude a bullish harmonic structure with an interesting potential target around 2000.
🔏 Risk Management:
As we showed in our latest intraday analysis, we went Long the last bearish leg on 1H chart, so it will only be necessary to move stop loss to B/E:
(Click on Setup below)
🔴 What could cause this to fail?
What could cause this to fail?
The FED's interest rate decision and inflation data are expected next week, these events could actually change this scenario.
In conclusion, even if this analysis will be correct, the path will be long and full of obstacles, so it will always be necessary to look for intraday supports and potential Reversal Patterns on small time frame every day.
Thanks for your attention.
Trade with care
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Potential Gold (XAU/USD) Bat; Is gold going down?Soooooo, you know when there's one person in the room that says something crazy.....well I'm possibly about to become that person.
My previous post about the long short on the USD/JPY still shows that there is still a little bit of way for the USD to climb before the drop. So, this took me to the gold chart, and here's where we are at present. I have had this bat drawn for around 10 days, and really didn't believe that it would play out, but so far it is.
This is IMPORTANT bit....this bat could easily break if closes above point C, it could also really break if it doesn't drop down to point D. To get down to point D we need the DXY to rise....and to get to that point we will need the FED to announce a rate rise. Now I'm fully aware that Wall Street is 60/40 that there will be a halt in rate rises, sending the dollar down, but, and it is a but, this chart is a possibility. If there is a rate hike then the chances are that we are heading to point D at 1866, then put your fib on the CD point and 50% is the TP1, point C is TP2.
I'm not saying that any of this will definitely happen, and don't shoot the loony in the room, but it's a possibility that is on the table. Don't forget, the FED won't be worried about throwing the little guy in the street under a bus. Their job is to look after the economy.
BTC-USDT LongWith the decrease in the strength of the bearish candles and the triangle, we can expect a fake decline and then an increase in the price.
Also, the pin bars in the triangle (price rest range) indicate a breac from above.
***Best Of Luck***
CADCHF BULLISH SHARK SWING TRADEHere's the other analysis on this pair for the higher time. It serves as a bullish confluence on the previously posted daily chart of cadchf. Go LONG!!!
GBPUSD 4 hr. Forecast for review and comment!#GBPUSD has formed a Deep Crab harmonic pattern in the 4-hour time frame with a good positive regular divergence at the bottom, probability of an increase is high on the condition of breakout the pivot point standard line and the mentioned dynamic trigger. The rate can In an upward rally could complete a shark harmonic pattern in order to answer to the Deep Crab!
USD/CAD: SomeHi everyone!
In the past few weeks we have already traded FX:USDCAD pair on the first trendline re-test, but at the same time this technical element could still be useful to us. The big picture on daily chart is harmonic structure followed by corrective structure with ABC Pattern formation.
✔ At the moment, we remain below an important resistance (not shown on chart), but if there is a bullish breakout during the first hours of trading, another bullish consolidation should appear, pushing the price to retest the trendline around the 1.3389 area.
✔ From a technical point of view and following the pair on intraday chart, it could be interesting to take a long position on pullback or corrective structure that will appear.
During the next hours/sessions, we will publish new updates, even on minor time frame in the section below, or visit our Blog for a more detailed technical analysis. Trade with care.
Analysis by
Anonymous Banker Team
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EURCAD's Price Action shows potential bullish moveGreetings Traders,
It is a pleasure to reconnect with you following a brief break.
Here is my EURCAD analysis.
EURCAD ANALYSIS
Taking a long-term view, it is apparent that the EURCAD has been experiencing an upward trend, as evidenced by its movement within an ascending channel.
Notably, between April 17th and 26th, there was a substantial rally of approximately 500 pips, resulting in the attainment of the month's highest price (1.51099). However, after reaching the March high, a bearish harmonic reversal pattern (referred to as a crab) appeared, prompting significant selling pressure, which caused the pair to drop until May 1st. On May 4th, the pair experienced a rally to the 1.50974 region, creating a relative double top pattern, followed by a significant decline.
Currently, a bullish reversal harmonic pattern (bullish bat) is formed, and it is anticipated that it will prompt a significant bullish pressure towards the supply zone at 1.50770. My short and medium term targets will be 1.48039 and 1.49274 respectively.
EURUSD: Bearish consolidation in near term?Hi everyone!
Trend is bearish on intraday chart and an approach around 1.07 area is possible. Having said that, on 1H chart the pair remains under pressure as long as the Price Action stays inside the descending channel. From a technical point of view, it is possible to form a harmonic structure or a bearish impulsive structure with Target around 1.07 area. A bullish channel breakout would initiate a bullish corrective structure.
Trade with care
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