"In this analysis of Natural Gas Futures (4H timeframe), we identify a bullish ABCD pattern that projects a Potential Reversal Zone (PRZ) around 394.5-395. Key highlights include: ABCD Pattern: The 1.618 Fibonacci extension from the BC leg aligns with the PRZ. Current Price Action: Natural Gas is trading around 368.6, indicating a strong upward momentum. Key...
Analysis Details Instrument: CAN FIN HOMES LTD (NSE) Timeframe: 1 Hour (1H) Pattern: Bullish Harmonic Pattern XA Leg: The initial upward movement defining the trend. AB Leg: Retracement to 0.357 Fibonacci level. BC Leg: A minor upward correction reaching 0.884 Fibonacci. CD Leg: Completion at the 2.674 Fibonacci extension, forming the potential reversal zone...
EUR/USD Harmonic BD Trade Setup Pattern: Harmonic Pattern Timeframe: 4-Hour Chart (H4) Entry Levels: Bullish Scenario: Above 1.05214 for a potential upward breakout. Bearish Scenario: Below 1.03670 for a potential downward breakout. Target Levels: Bullish Target: 1.06300 (first target) and beyond based on further price action. Bearish Target: 1.03069 (first...
CAD/CHF Harmonic BD Trade Setup Pattern: Harmonic Pattern Entry Level: Above 0.62946 Target: 0.63611 Description: This is a BD trade setup identified using harmonic patterns. The potential reversal zone (PRZ) aligns with the harmonic ratios, indicating a high-probability trade setup. The entry above 0.62946 provides a clear breakout signal, aiming for the target...
The Harmonic Reversal Potential Reversal Zone (PRZ) on the upside between 23316-23265 indicates a specific area where the price is expected to react or reverse based on harmonic trading principles. Here's how to interpret and potentially trade this zone: 1. What Does This PRZ Mean? The zone 23316-23265 is calculated using Fibonacci retracements and extensions...