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Abcdchartpattern

GlenmarkHello and welcome to this analysis Glenmark after consolidating near its monthly support attempted a fresh upmove from 350 to 400, Post that it has made a sideways corrective forming a Bullish Harmonic ABCD. The current reversal from 375 could be a higher low of the new uptrend in it and it could rally till 410-425-450 as long as it does not breach 374. Confirmation if it sustains above 390. Good risk reward set up scenario of a higher low formation which could lead to a higher high thereon till its falling trendline
NSE:GLENMARKLong
by Dinesh_C_Nagpal
Ultimate lowrisk EURUSD Shortsetup Keep it simple. Using Harmonic patterns. The 1.02 mark is an absolutly strong resistance area, look at all the harmonic legs that are leading to the 1.02 mark. Because of this, this is a low risk profile short setup. There are different scenarios. For instance It can go immediately to that mark and create a wick, -or it can trade in a trading range above the mark and then fall back below and retrace from that level, before a potential pullback or reversal. Harmonic moves can be beautiful folks, This is a beautiful low risk short setup! 𝘼 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 follow 𝙬𝙤𝙪𝙡𝙙 𝙗𝙚 𝙖𝙥𝙥𝙧𝙚𝙘𝙞𝙖𝙩𝙚𝙙! Thank you and have a good one
Short
by TimerofMarkets
2
GBPUSD > Strong Key Level for Short.Analysis of #GBPUSD GBPUSD has a strong structure resistance level near 1.65500-1.2700 which will represent a strong place to sell GBPUSD. if the market actually comes and tests my structure resistance zone it will also complete AB=CD bearish harmonic pattern which can be used to enter sell if the rules for entry are met ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your continued support!
by TheTradersAvenue
3
Low Risk EURUSD Shortsetup using Harmonic patternsKeep it simple. Using Harmonic patterns. Two AB=CD pattern on the smaller timeframe. There is a probability it will first go to the retracement box before a potential pullback or reversal. It's also forming a 3rd leg up, wich most of the tiime ends with a reversal. If you woudld like to go short: wait for a better structure. Maybe a push higher above everything and then falling back under the AB=CD levels and trendline. That would be a nice structure to sell short! 𝘼 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 follow 𝙬𝙤𝙪𝙡𝙙 𝙗𝙚 𝙖𝙥𝙥𝙧𝙚𝙘𝙞𝙖𝙩𝙚𝙙! Thank you and have a good one
Short
by TimerofMarkets
2
JICPT| NQ may drop further to 11500! Hello everyone. We see massive sell-off for the past few days. NQ has been down by over 25% from the peak created last Nov. From the chart, we can clear see that the long-term MA(red color) has served as a good defense line that pushed price back to key fib level of 61.8%. Unfortunately, the duo long-term MA has been firmly conquered. Where might the index go? My guess is around 11500 by measured the move. Bullish buyers who tends to buy, better watch closely on how the index react to the level. What do you think? Give me a like if you're with me.
FX:NAS100Short
by JICPT
2