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5-0 Pattern

ARB(ARBUSDT): BUYING OPPORTUNITY ↪️ARB is engaged in Elliott wave surge following the formation of a twin base pattern on a daily timeframe. Analyzing from a 4H TF I spotted a bearish flag which suggest further downward move to the daily horizontal support. Following a prolonged 5-wave surge, the ABC adjustment has commenced. Currently, the motion is in wave 3, and I anticipate its conclusion in wave 4. It is in this range that I will acquire extended positions...Tarde safely 👍✅
Long
by linofx1
1
Potential Bearish Moves Amidst Bullish SignalsNZDJPY presents an intriguing trading setup despite being a counter-trend trade. The observation of a Bearish Shark Pattern checkback on the Weekly Chart , along with RSI Divergence , adds weight to this potential trade opportunity. I'm waiting for a shorting opportunity on lower timeframes and, specifically, looking for a 1-1 trading setup , intending to initiate a short position at 91.99 on the Daily Chart. Trade plans can vary among traders based on their analysis and risk management approach. What's your trade plan or strategy for NZDJPY? Feel free to share your insights or plans below!
Short
by RaynLim
Navigating Contrasting Trading OpportunitiesGBPUSD is currently indicating a Weaker Bull Trend . Here are potential strategies for different trading approaches: Trend Traders : Waiting for a Bullish 5-0 Pattern on the 4-hourly chart at 1.2334 might align with your strategy as it complements the ongoing bullish trend. Counter-Trend Traders : For those seeking a counter-trend opportunity, a shorting opportunity off the Bearish Shark Pattern retest at 1.2453 or the completion of a Bearish Gartley Pattern on the 1-hourly chart at 1.2478 could be of interest. Each approach carries its risks and rewards. Ensure to align these strategies with your risk tolerance and trading plan. Best of luck with your trading decisions!
Short
by RaynLim
ZARJPY: Massive Head and Shoulders with Bearish DivergenceIn addition to the Bearish 5-0 I pointed out before on a previous chart, the ZARJPY has also formed a Potential Bearish Head and Shoulders that is visible on timeframes even as high as the monthly with Bearish Divergence on the MACD and RSI. If The Carry Trade truly is to be dissolved, the ZARJPY should be among the currency pairs that are most severely affected, as it has the highest interest rate differential and therefore generates the highest yield for the time being.
Short
by RizeSenpai
WTICO: Potential Bullish 5-0 Looking to Take USOIL Up to $105.30USOIL has recently retraced to the 0.382 from the PCZ of a Bearish Shark, but now it's looking to try and hold the 200 SMA and the 38.2-0.50% zone with Hidden Bullish PPO Divergence and an impending PPO Bullish Confirmation. If it does hold here, it could confirm a Potential Bullish 5-0 and if this 5-0 plays out, I think it could take USOIL above $100 and likely up to $105.30, as that would be the 61.8% retrace from high to low.
NYMEX:CL1!Long
by RizeSenpai
A Promising Trading StrategyThe star trade of the week. I'm currently waiting for a shorting opportunity on the bearish shark pattern off the weekly chart. Trading off the weekly chart directly would send my initial risk through the roof. While we could always reduce our trading size when trading off the higher timeframe, it doesn't make sense to me. I'll be waiting for a bearish 5-0 pattern to complete at 110.56. My initial stop-loss is at 110.96, which is approximate -40pips or -400USD/lot. My first target is at 109.96, which is approximately 1,000USD/lot. However, there's also a bullish shark pattern that has completed at 109.96, so there's no reason why you can't engage on that as well. Remember, it's important to plan your trade and trade your plan. Never follow any trader blindly.
Short
by RaynLim
ADBE: Bearish 5-0 Bearish Entry Anticipating PPO ConfirmationBack in December 2021, ADBE gave us a Bearish ABCD entry that led us into a Shark BAMM Pattern. Once it made it to the BAMM target, it bounced back up to where it is now. The interesting thing is that the PPO is looking like it's ready to roll over, and it happens to be at what would be a Potential Bearish 5-0 entry. If the PPO crosses below the upper extremes, we could see this go for a lower low, and if we are to judge how far it can go harmonically, I'd say it could go all the way to the 1.414, which would be the PCZ of a Potential Bullish ABCD. For additional context, I have left the Bearish Entry setup from 2021 in the Related Ideas Section below.
NASDAQ:ADBEShort
by RizeSenpai
Great Wins on WTI💰 Celebrating two great wins on WTI in June! But let me clarify, I'm not chasing streaks—I focus on proper setups. Let's dive into the current situation for WTI, aka US Oil. 📈 The market is testing the support line on the weekly chart. While some traders see it as strong support and anticipate buying opportunities, multiple retests increase the likelihood of a break. That's why my highest priority is shorting WTI and monitoring key levels. ⏰ On the 4-hourly chart, I'm cautious about shorting at the Bearish 5-0 pattern. If I spot an RSI divergence, my perspective may change. ⬇️ Instead, I'm patiently waiting for the Bearish Shark Pattern at 72.03 for a shorting opportunity. ⏱️ On the 1-hourly chart, if you're seeking a buying opportunity, watch for a confirmed candlestick pattern on the Bullish Bat setup at 69.61. 📊 Share your trade plan for WTI! What's your top investment product?
TVC:USOILShort
by RaynLim
Correlation Matters No More For the longest time, I've been saying that the correlations between the currency pairs have been weakened. Traders have asked me why I have NZDJPY and NZDUSD in my portfolio. Doesn't it move in the same direction? Over the years, these correlated pairs move pretty differently. And recently, the WTI and Gold have no longer moved in an inverse relationship. So yeah, I'm treating them as their own. Although both the 4-hourly and 1-hourly charts show buying opportunities through a potential Bullish Bat Pattern and a Bullish Shark Pattern, I'm more interested in waiting for a shorting opportunity on the 5-0 Pattern. What's your take on the NZDUSD?
Short
by RaynLim
One last SHOT!!If you have been following, you should know I've been getting into the long position on the AUDCAD to take a ride on the Weekly Chart's 5-0 Pattern. If you aren't familiar with harmonic patterns,it means I'm looking to have a ride on the bullish trade from a mid to long-term perspective. (approx 2mths) There are a couple of attempts, and not all went to loss, it fact I'm pretty profitable with these trading ideas when I didn't get what I want. This is probably the last or the last is near for these trading ideas to work. I'd engaged the bullish bat pattern on the 4-hourly chart and see if it able to take me to my final target for the 5-0 patterns and beyond.
Long
by RaynLim
Unveiling the Ultimate Trading Setup of the Week: Don't Miss OutAs some of you may recall, I've been seeking a buying opportunity on the AUDCAD for the past few weeks. My motivation for this is the Bullish 5-0 pattern setup that has formed on the Weekly Chart. I've been exploring various avenues to enter into this buying opportunity, and currently, two options are available. Firstly, we can wait for a candlestick pattern trading setup to appear on the Bullish Gartley Pattern for a buying opportunity (left). Alternatively, a Bullish Deep Gartley Pattern on the 8 range bar chart (bottom right) could provide the trading setup for us to engage the trade.
Long
by RaynLim
My Bullish Bias RemainsUSDJPY Shorting Opportunity Looming, But My Bullish Bias Remains Strong In the midst of a Type 2 Bearish Bat Pattern on the daily chart and a Bearish Shark Pattern on the 1-hourly chart, traders may be eyeing a shorting opportunity for the USDJPY. However, my bullish bias on this currency pair remains steadfast. Rather than jumping on the bearish bandwagon, I am patiently waiting for a prime buying opportunity on the USDJPY. I'm closely monitoring a Bullish 5-0 pattern that could potentially complete at 134.71, presenting an ideal entry point for a long position. Stay tuned for further updates on this developing trade opportunity.
Long
by RaynLim