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...
Since 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...
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...
Harmonics Bearish AB=CD Pattern
Instant Buy :28514 Because B Point Already Broke
Stop loss:27900
Take Profit AT D POINT
RISK REWARD 1:1
D Point is Likely Reversal Zone
Wait for the Divergence
Then Trade Further Accoridng TO Plan For Reversal Divergence
An 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.
