AUDCADAUDCAD is trading in descending channel and printing consistent LLs LHs. and it has also completed ABCD pattern at strong daily resistance level. Now buyers seems to be exhausted at resistance area and selling pressure seems to be activated.
If the sell momentum continues the 1st target could be 0.8800
What you guys think of this idea?
Abcdchartpattern
FTMUSDTFTMUSDT is trading in strong bullish trend and consistently printing HH HLs. and is about complete ABCD pattern at strong daily support level. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the buy momentum continues the next target could be 1.0800
What you guys think of this idea?
Selling GBPCAD at the high of last week GBPCAD is on an uptrend but we are looking for a sell here.
This is a counter trend but here is why we are selling.
Trend:
W1: Up
D1: Up
H4: Up
Moving Average:
Above the Daily MA
H4 pointing upwards
Pattern:
AD=CD on H4
Strong resistance at 1.7340
Double top on H1 and lots of divergence
Stop loss of 40 pips and a target of 120.
TIAUSDTTIAUSDT was trading in descending parallel channel. The price was reacting well the support and resistance of channel.
Currently the price is been reached to daily support level , which also the completion of AB=CD pattern.
The instrument also formed bullish divergence which is showing bulls seems to be interested in taking the control.
If the bulls took control from daily support , the minimum upward target could be 19.500
What you guys think of this idea?
A sell on CADCHF at the highH4: Pointing Upwards (H1 is overbought)
D1: Up (H4 is overbought)
Moving Average:
Against Daily MA
H4 pointing upwards
Pattern:
M30 AB=CD
Strong resistance at 0.6490 - 0.6510
30 pip stop loss.
60 pip target
Why are we taking this?
1) H4 and H1 is overbought
2) Strong structure
3) Yesterday's high
4) Lots of divergence
🔵Ethereum can easily reach $4K, technical analysis reasons!Hi.
➡️ Due to the ascending structure of the chart
- High potential areas are clear in the chart
- You can look for reasons to enter according to your own personal strategy after approval.
-AB=CD
-Cup&Handle
-Ascending Triangle
-trend line
🤑Stay awesome my friends.
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EURCHFEURCHF is trading in ascending channel and printing consistent HH HLs. and is about complete ABCD pattern at strong daily support level. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the buy momentum continues the next target could be 0.9500
What you guys think of this idea?
MATICUSDTMATICUSDT was trading in descending parallel channel. The price was reacting well the support and resistance of channel.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.00
What you guys think of this idea?
GBPNZDGBPNZD was trading in descending parallel channel. The price was reacting well the support and resistance of channel.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 2.0800
What you guys think of this idea?
🚧VVUSDT will Go Up Again🚧 Road Map(1-D)🗺️!!!Hi.
➡️As you can see, VVUSDT is completing this pattern, and if it follows this pattern Price can grow a lot.
🟡Summery:
-VVUSDT has been Bullish Recently!
-The odds of another Bullish Movement is High!
-Bullish Pattern is Visible on The chart!
-No break out yet!
-AB=CD
🤑Stay awesome my friends.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NFLX / 1H / TECHNICAL ANALYSIS NASDAQ:NFLX I expect a bullish movement towards the 518 level if the resistance zone at the 503 level is breached and there are candlestick closures. Our support level is at 461.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
NZDUSDNZDUSD is trading in descending channel and printing consistent LLs LHs. and is about complete ABCD pattern at strong daily support level. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the buy momentum continues the next target could be 0.6270
What you guys think of this idea?
🚧BTCUSDT is Bullish now🚧 & many Traders don't see it 👀!!!➡️Bitcoin is currently situated within an ascending channel, forming an ascending triangle pattern.
Notably, it has demonstrated a historical uptrend with approximately 20% gains in similar past patterns.
Presently, BTC is supported by 20 EMA in 24H, complemented by dynamic support at 42,150 and static support at 41,760.
Short-term price targets are anticipated at 50,500 and 54,250, aligning with the 1.272 and 1.618 Fibonacci levels, respectively.
AB=CD
🤑Stay awesome my friends.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
🚧DYDX will Go Up Again🚧 Road Map(1-W)🗺️!!!DYDXUSDT was in the ascending phase by the ascending triangle and cup and handle.
DYDXUSDT is in a large ascending triangle on the weekly time frame and also on C&H if it follows these patterns, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
❗ Note that if the triangle or cup and handle is broken down with the power of descending candles, our analysis will fail.
🤑 Stay great my friends.
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AB ⚡️ CD — Harmonic Patterns 🟣The AB⚡️CD pattern is a highly effective tool utilized in trading to identify potential opportunities across diverse markets, including forex, stocks, cryptocurrencies, and futures.
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This pattern takes the form of a visual and geometric arrangement, characterized by three consecutive price swings or trends.
When observed on a price chart, the ABCD pattern exhibits a striking resemblance to a lightning bolt ⚡️ or a distinctive zig-zag pattern.
Importance of the ABCD Pattern
The significance of the ABCD pattern lies in its ability to identify trading opportunities across different markets, timeframes, and market conditions. Whether the market is bullish, bearish, or range-bound, the ABCD pattern remains a reliable tool.
By recognizing the completion of the pattern at point D, you can get a perspective trade entries. Furthermore, the ABCD pattern helps you determine the risk-to-reward ratio before initiating a trade. When multiple patterns converge within the same timeframe or across different timeframes, it strengthens the trade signal and increases the likelihood of a profitable outcome.
Finding an ABCD Pattern
The ABCD pattern has both a bullish and bearish version. Bullish patterns indicate higher probability opportunities to buy or go long, while bearish patterns suggest opportunities to sell or go short.
To identify an ABCD pattern, it is essential to locate significant highs or lows on a price chart, represented by points A, B, C, and D. These points define the three consecutive price swings or legs of the pattern: the AB leg, the BC leg, and the CD leg.
Trading is not an exact science, so traders often employ Fibonacci ratios to determine the relationship between the AB and CD legs in terms of both time and price. This approximation assists in locating the potential completion of the ABCD pattern. When patterns converge, it increases the probability of successful trades and enables you to make more accurate decisions regarding entries and exits.
Types of ABCD Patterns
There are three types of ABCD patterns, each having both a bullish and bearish version. To validate an ABCD pattern, specific criteria and characteristics must be met. Here are the characteristics of the bullish and bearish ABCD patterns:
📈 Bullish ABCD Pattern Characteristics (buy at point D):
To effectively trade the bullish ABCD pattern, you might consider the following characteristics:
1. Find AB:
Identify point A as a significant high and point B as a significant low. During the move from A to B, ensure that there are no highs above point A and no lows below point B.
2. After AB, then find BC:
Point C should be lower than point A. In the move from B up to C, there should be no lows below point B and no highs above point C. Ideally, point C will be around 61.8% or 78.6% of the length of AB. However, in strongly trending markets, BC may only be 38.2% or 50% of AB.
3. After BC, then draw CD:
Point D, which marks the completion of the pattern, must be lower than point B, indicating that the market has successfully achieved a new low. During the move from C down to D, there should be no highs above point C.
4.1 Determine where D may complete (price):
To determine the price level at which point D may complete, Fibonacci and ABCD tools can be utilized. CD may equal AB in price, or it may be 127.2% or 161.8% of AB in price. Alternatively, CD can be 127.2% or 161.8% of BC in price.
4.2 Determine when point D may complete (time) for additional confirmation:
For additional confirmation, you can analyze the time aspect of the pattern. CD may equal AB in time, or it may be around 61.8% or 78.6% of the time it took for AB to form. Additionally, CD can be 127.2% or 161.8% of the time it took for AB to form.
5. Look for Fibonacci, pattern, trend convergence:
Convergence of Fibonacci levels, pattern formations, and overall trend can strengthen the trade signal. Therefore, you should look for instances where these elements align.
6. Watch for price gaps and/or wide-ranging candles in the CD leg:
As the market approaches point D, it is important to monitor for any price gaps or wide-ranging candles in the CD leg. These may indicate a potential strongly trending market, and you might expect to see price extensions of 127.2% or 161.8%.
📉 Bearish ABCD Pattern Characteristics (sell at point D):
To effectively trade the bearish ABCD pattern, you might consider the following characteristics:
1. Find AB:
Identify point A as a significant low and point B as a significant high. During the move from A up to B, ensure that there are no lows below point A and no highs above point B.
2. After AB, then find BC:
Point C should be higher than point A. In the move from B down to C, there should be no highs above point B and no lows below point C. Ideally, point C will be around 61.8% or 78.6% of the length of AB. However, in strongly trending markets, BC may only be 38.2% or 50% of AB.
3. After BC, then draw CD:
Point D, which marks the completion of the pattern, must be higher than point B, indicating that the market has successfully achieved a new high. During the move from C up to D, there should be no lows below point C and no highs above point D.
4.1 Determine where D may complete (price):
To determine the price level at which point D may complete, Fibonacci and ABCD tools can be utilized. CD may equal AB in price, or it may be 127.2% or 161.8% of AB in price. Alternatively, CD can be 127.2% or 161.8% of BC in price.
4.2 Determine when point D may complete (time) for additional confirmation:
For additional confirmation, you can analyze the time aspect of the pattern. CD may equal AB in time, or it may be around 61.8% or 78.6% of the time it took for AB to form. Additionally, CD can be 127.2% or 161.8% of the time it took for AB to form.
5. Look for Fibonacci, pattern, trend convergence:
Convergence of Fibonacci levels, pattern formations, and overall trend can strengthen the trade signal. Therefore, you should look for instances where these elements align.
6. Watch for price gaps and/or wide-ranging bars/candles in the CD leg:
As the market approaches point D, it is important to monitor for any price gaps or wide-ranging bars/candles in the CD leg. These may indicate a potential strongly trending market, and you might expect to see price extensions of 127.2% or 161.8%.
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BTC's Situation: What Shall we ExpectBTCUSD has Created a Large Rounded Bottom. This Means The Price Can Increase as Much as the Length Between The Top and The Bottom Of the Rounded Bottom. Since there are no Break out, There is no Confirmations So we must Wait for Confirmation of a Bullish Trend .
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🚧WOOUSDT is Bullish now🚧 & many Traders don't see it 👀!!!The WOOUUSDT is in a Bullish phase by Ascending Triangle & Cup & Handle.
WOOUUSDT is in a large ascending triangle on the weekly time frame and also at C&H if it follows these patterns we would have seen gold's biggest historical rally.
⭐The pattern will increase the price as much as the measured price movement (AB=CD)
❗ Note if the Triangle or cup & handle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed.
🤑Stay awesome my friends.
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USDCAD - Hitting Major Double ABCD/Gartley Buy Zone.OANDA:USDCAD Has hit a major Double ABCD/Gartley Buy Zone. With the DXY also getting close to a reversal area this could be one to watch.
There is also the 61.8% level from the September low.
A multi month pattern that lines up nicely.
Enjoy the week.
I will be back posting more content going forward.