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Abcdchartpattern

Give me some energy !!!As you can see, the price is in an ascending triangle. If a breakout occurs, we can say AB=CD. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
5
Mighty Gold Hovering Ahead of Key SupportWith the sell-off in US Treasuries, spot gold has taken a back seat versus the US dollar (XAU/USD) from recently printed record highs (US$2,685) and is establishing a picture-perfect AB=CD correction on the daily scale. Daily ‘Alternate’ AB=CD Support For any harmonic traders reading, you will likely note that the daily AB=CD in focus represents an ‘alternate’ AB=CD, an extended version of the equal pattern that completes around the 1.272% Fibonacci projection ratio of US$2,597. Also technically appealing, aside from the uptrend favouring buyers, is support converging with the AB=CD structure at US$2,590 and neighbouring trendline support, extended from the low of US$1,984. Regarding the Relative Strength Index (RSI), after reaching 77.51 (overbought – levels not seen since April this year), the RSI has rapidly dropped to within striking distance of the 50.00 centreline. Should the indicator make a U-turn off this area as price shakes hands with AB=CD support, this would be considered a positive hidden divergence and thus reinforce the noted support levels. Short-Term Selling? Long-Term Buying? Moving across to the H1 chart, resistance warrants attention between US$2,633 and US$2,631, positioned just north of local tops around US$2,624 (blue oval). Given the liquidity likely located north of these tops, a whipsaw beyond here into the H1 resistance zone mentioned above could be a bearish scenario worthy of pencilling in the watchlist given the scope to venture south on the daily until the upper edge of support from US$2,590. Alternatively, a move lower from current levels is equally possible on the H1 scale, targeting the daily support. Therefore, according to chart studies, bears have the upper hand in the short term, though once/if price reaches daily support, this will likely shift the pendulum to a buyers’ market in light of the long-term uptrend, AB=CD correction and daily support area.
FPMARKETS:XAUUSDShort
by FPMarkets
BITCOIN → Bearish Pressure !!!Bitcoin failed to go beyond 67k so the price may fluctuate around $63800 In addition, the bearish wedge shown in the chart can be a negative signal. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDShort
by CobraVanguard
6
(Update) !!! XAUUSD Analysis : Bull or Bear ? (READ)The GOLD 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! From a different point of view!!! ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSDLong
by CobraVanguard
CADCHF - Technical Analysis [Short Setup]🔹 CADCHF Analysis on 1HR chart - The current Trend is Bearish - Bullish divergence is present - First we short to point D which is reversal zone, if trend reverse then we long - AB=CD pattern is form 🔹 Trade Plan - Entry Level = current - Stop Loss = 0.62444 - TP1 = 0.61860 - TP2 = 0.62135 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Short
by Bountysoul
Honestly, I don't feel like explaining, the chart says it all !!FOREXCOM:XAUUSD The GOLD 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! From a different point of view!!! ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSDLong
by CobraVanguard
USDCAD - Technical Analysis [Long & Short Setup]🔹 USDCAD Analysis on 1HR chart - The current Trend Seem neutral - Bearish Divergence is Present - No Reversal pattern - Found Harmonics AB=CD Pattern - Waiting for a Break of Structure for Confirmation Either at Point C or At Point B. - If point C break we short. - If point B break we long. 🔹 Trade Plan At Point C - Entry Level = 1.35589 - Stop Loss = 1.36036 - TP1 = 1.35137 - TP2 = 1.34681 🔹 Trade Plan At Point B - Entry Level = 1.36297 - Stop Loss = 1.35783 - TP1 = 1.36757 - TP2 = 1.37213 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
by Bountysoul
BTC time cycle analysis for the next cycle topBTC time cycle analysis for the next cycle top 1. Blue line is the time period in which the previous cycle top breaks ( appox 1050 days ) 2. Red line is the time period in which btc make a new top after that breakout ( appox 350 days ) 3. White line is the time period of the cycle low to the top ( appox 1010 to 1060 days ) 4. Yellow line is the time period after the halving btc defines the top ( appox 525 days ) 5. Fib extension tool level 1.618 6. AB=CD pathern As we can see history repeats itself btc is following this time cycle analysis over the past cycles, So if the history repeats again we can expect the level of (110,000)
KRAKEN:BTCUSD
by TradewithJohnson
EUR/USD: AB=CD Harmonic Pattern Signals Potential Bullish TradeAB=CD Harmonic Pattern Pattern Formation: The EUR/USD pair is currently forming an AB=CD Harmonic Pattern , which is a common and reliable formation in technical analysis. This pattern is typically seen as a strong indicator of potential price movement, making it a crucial point of interest for traders. Fibonacci Retracement & Projection Analysis: The BC leg has shown a 58% Fibonacci retracement, aligning with a 2.0 projection of the BC leg. This confluence strengthens the validity of the AB=CD pattern, suggesting a high probability of the price reaching the D point as per the pattern projection. Entry Strategy: We recommend taking a Buy entry near the 1.10500 level, at the retest of the Point B breakout. This level offers a strategic entry point, capitalizing on the potential Bullish Trend Continuation toward the projected D point of the harmonic pattern. Profit-Taking Strategy: To maximize profit while managing risk, we suggest the following take profit levels: TP-1: 1.11300 - First resistance zone where partial profits should be taken. TP-2: 1.12100 - The second resistance zone is critical for further profit-taking. Stop Loss Placement: To protect against adverse price movements, a stop loss should be placed near 1.09690. This level is strategically chosen to allow for natural market fluctuations while safeguarding against significant losses. Conclusion: The EUR/USD is currently presenting a strong technical setup with the formation of the AB=CD Harmonic Pattern. By entering at 1.10500, traders can position themselves advantageously for a potential move towards the resistance zones near 1.11300 and 1.12100. Proper risk management is advised with a stop loss set at 1.09690. Disclaimer: This analysis is for informational purposes only and does not constitute trading advice. Forex trading involves significant risk and may not be suitable for all investors. Always consult with a licensed financial advisor before making any trading decisions.
Long
by trading_jupiter
Ichimoku Watch: SPDR S&P 500 ETF Trust Engaging with SupportDesigned to track the performance of the S&P 500 market index, the SPDR S&P 500 ETF Trust (current AUM is US$529,081.40 million) is engaging with an interesting area of support on the 4h chart after gapping lower on Wednesday. This follows an all-time high forged last week at $534.00. SPDR Testing Support The uptrend in this market at the moment is obvious, and traders, therefore, will be seeking locations for dip-buying opportunities. The Ichimoku Cloud’s upper limit was tested yesterday, currently between $525 and $529 (the difference between the Leading Span A and Leading Span B), and could be enough to encourage buying. This is also the first time the Cloud has been tested since the Leading Span A crossed above the Leading Span B at the beginning of May. Within the Cloud, there is also a 100% projection ratio at $522.00, which, for many harmonic traders, will be recognised as a potential AB=CD support level. Further to this, a trendline support (from the low of $493.86) is close to this level. Adding to the above analysis, the Conversion Line appears poised to cross back above the Base Line, which, given the uptrend, would be observed as a bullish signal. Price Direction Favouring Bulls The trend in this market and the current support structure suggest that it remains a buyers’ market. Within the Ichimoku Cloud, the AB=CD support and trendline support could provide a floor to which dip-buyers may be drawn. However, should the Conversion Line cross back above the Base Line prior to testing the above support area, we could see dip-buyers enter this market earlier to challenge all-time highs.
AMEX:SPYLong
by FPMarkets
Gold Buyers Back in the Fight; H1 Supports Call for AttentionControl changed hands in the gold space (XAU/USD) last week; buyers strengthened their grip, adding +2.5% and snapping a two-week losing streak a whisker off all-time highs of $2,431. Technicals Favouring Buyers Last week’s move was (technically) aided by support on the daily timeframe coming in from $2,280, a level which the Research Team were watching closely and recently noted the following (italics): A move lower will unlikely breach bids from daily support at $2,280, which is an area buyers could look to defend as dip buyers (trend followers) attempt to enter the trend from support. The above-mentioned support benefitted from a 1.618% Fibonacci projection ratio at $2,293. Among the Harmonic trading community, this is also referred to as an ‘alternate’ or ‘extended’ AB=CD formation. You will note that price has rallied beyond the 38.2% Fibonacci retracement ratio at $2,336, ending the week at $2,371, a 61.8% Fibonacci retracement ratio. Both of the aforesaid ratios are derived from the legs A-D of the AB=CD structure and tend to serve as upside targets for Harmonic traders. Having seen the AB=CD structure complete (both upside targets achieved) and taking into consideration that the price of the yellow metal remains entrenched within an unmistakable uptrend (no matter which trend identification tool you employ, it all points to the same thing), together with the daily chart’s Relative Strength Index (RSI) rebounding from a combination of the 50.00 centreline and trendline support (extended from the low of 19.33), this remains a buyers’ market. The caveat is the weekly chart’s RSI recently pulling back from overbought highs not seen since mid-2020, though let’s not forget that this indicator can, and often does, remain overbought for prolonged periods in trending environments. Direction This Week? Given the bigger picture demonstrating scope to explore higher terrain, shorter-term structure on the H1 timeframe highlights neighbouring demand at $2,347-$2,355 as a possible platform buyers may work with this week. Failure to hold here unearths two additional levels of support to consider at $2,326 and $2,344.
FPMARKETS:XAUUSDLong
by FPMarkets
SPY Daily - Rising WedgeTreading lightly here as the SPY looks to be right at the end of a bearish rising wedge following a bearish ABCD Elliot Wave heading into a major week economically speaking. On Wednesday we have retail sales numbers, core CPI, and Core CPI YOY coming out, followed by jobless claims on Thursday. Will be watching closely, some support levels and RSI-based supply and demand zones to keep an eye on in the meantime, bearish and hedged- (Original Chart Attached Below) - Rising Wedge following a bearish ABCD Elliot Wave - Hidden Bearish Divergence on the RSI - Sitting right on its 50-Day SMA - Bearish ABCD Elliot Wave
AMEX:SPYShort
by jacobosiason7