Abcdchartpattern
BTCUSDT micro double bottom AB=CDBTCUSDT micro double bottom - possible pullback. The price action has been made a wonderfull bear flag structure and the double bottom is in conjunction with an oversold condiction and increased interest in accumulation. My technical analysis is mainly based on Fibonacci ratios in a sequencial AB=CD pattern. Expecting a intraday swing upward in a potential micro bearish CRAB (updates incoming) pattern as a final leg up of this flag. Potential Reversal Zone predicted at 35K level - 14.6-0% Fibonacci Retracement.
USDCAD - BUY MODE GARTLEY!!Today we look at the FX:USDCAD as it is setting real nice with patterns, FIB levels and AI all coming together.
Firstly the Gartley pattern that started early April and looks to be completing today @ the 78.6% level of 1.2461.
This turn zone is between 1.2461 127% ext and 1.2450 1.618% ext of the last move which is the final wave 5.
This is the first retracement from the April 5th low and its in AB=CD which is the favoured pattern.
Also with the AI for today we have an expected low around 2pm. This is a major turn event for the day.
Things lining up again which means we have to place orders.
Let me know your thoughts on this set up and ideas you also have for this pair.
Enjoy the day.👍👍
CRYPTO- Patterns & patterns. ALGORAND.BINANCE:ALGOUSDT
In this post I take a look at some of the patterns I trade and how often they show up.
This is a30min chart over the last couple of weeks of ALGORAND.
Firstly is a 3 DRIVE into the high. This pattern often occurs at highs or at lows and normally has an ABCD pattern with it.
Next we have the 135 pattern which occurs when leaving a high or a low.
After that we have the AB=CD Pattern.
Now we are completing a Gartley and Butterfly pattern coming in at mulitiple Fibonacci levels.
This is just a look at the patterns I use and how often they occur.
I hope this helps. Enjoy the day. 👍👍
EUR/AUD: ABCD bearish patternIn this update, Euro/Australian Dollar forming a bearish pattern called ABCD. Snd from this zone we're in the smart zone to sell Euro what I look to short this par.
Also in H1 we formed a bearish divergence confirmed indicating the end of this bullish pull back snd based that analysis. We're appear that we're going to short now.
I put a sell now and SL to $1.4677 AUD and target to $1.4480
I hope that this analysis support you