COIN NASDAQ A bearish flag can be seen that shows a continuation of the bearish trend again after this correction phase we can use the ABCD tool for projection.
AB=CD
SELL IDEAABCD Pattern on the 1.618 fibonnaci lvl can be a good short position.
PS : Never risk more than 2% per trade
EURJPY ADVANCE HARMONICS AB=CD BEARISH
**Hallo traders!** 🌟
Today, we're diving deep into the EURJPY hourly chart, where an intriguing AB=CD bearish harmonic pattern has caught our attention.
**Key Observations:**
1. The price is currently hovering below our short entry level (EL) at 158.378.
2. We've set a tight stop-loss (ST) at 158.577 to manage our risk.
**Profit Targets:**
- **Target 1:** The first profit-taking zone aligns with the 62% retracement of the AD leg, positioned at 157.464.
- **Target 2:** If the bearish momentum persists, we're eyeing the extended levels:
- 127% of AD at 156.379
- 162% of AD at 155.817
Happy trading and let's catch those pips! 📉📊
SUGARUSD Confirmed the Bullish BAMM Trigger Line as SupportThis has been a Years Long trade and Sugar is nearly there at the 88.6% target, but I do think since we spent some time testing the B point as support that it has potential for pushing all the way to the 1.13 Extension to complete a Full ABCD, so I will be opening up another bullish position on the CANE ETF from here and targeting higher levels.
Long-Haul Profits vs In-and-Out Action!Are you the kind of trader who savors holding on for massive profits or one who dives into every market movement? 🚀
Let's explore this week's expert-level market analysis, where we have both these trading setups on display. Today, let's delve into the low-risk, high-return approach.
Turning our focus to the Australia-Canada pair, the weekly chart presents a compelling opportunity. Market proximity to the prior support zone ignites the interest of counter-trend traders like me, on the hunt for a buying chance. On the daily chart, the bearish trend nudges us toward a low-risk, high-potential return strategy.
Zooming in to the four-hour chart, the bearish trend remains. However, the one-hour chart buckles the trend with a bullish flair.
Remember, higher timeframes may suggest bearishness, but it's crucial for the one-hour chart to echo this sentiment for a more accurate read. 🔍📊
Returning to the weekly chart, let's uncover the trade opportunity I'm eyeing. Behold the bullish shark pattern in the midst of consolidation – a tempting mid to long-term prospect.
This trade usually lingers for a minimum of two months, so if you're not up for the long-haul, perhaps it's not your match.
Options to engage abound. On the daily chart, a beckoning ABCD pattern, ripe for the picking with a retest at 86.60. Shifting to the four-hour chart, a straightforward support at 87.07 shines. Meanwhile, the one-hour chart offers up a bullish shark at 86.34 or an immediate support at 86.95 for consideration.
Yet my focus remains on the 15-minute chart, where a bullish shark nears completion at 87.01. What makes this the "only shark pattern" for this setup?
Understanding your tools is crucial.
Embracing the 15-minute chart strategy minimizes risk while amplifying the potential for this entire setup. Next week is critical – especially on Monday.
And if you've heard the advice to "skip Monday trading," consider this your golden exception! Seize the moment! 💰💡
Pound-Dollar: Bearish SentimentsHey traders! 🌟 Despite the ongoing bullish trend in the pound-dollar realm, I'm sensing a change in the wind, and here's why I'm turning my attention towards a bearish shorting opportunity. Let's break it down.
On the weekly chart, the bullish vibes are strong within our buy zone. But wait, when we shift to the daily chart, we spot a sneaky closing below that initial support at 1.2592. 📉
While it's not a full-on bearish alarm, it's giving us room to explore an aggressive short approach.
Zooming into the four-hour and one-hour charts, it's clear that a bearish trend is asserting itself. 🐻
Now, back to our trusty weekly chart analysis. As I mentioned, we're still in that buy zone, but I've got my eye on that slight break and close below the support.
The trend line isn't looking too happy. 😟
For a potential shorting play, I'm keeping an eagle eye on a pullback to that level.
Speaking of daily charts, a bearish shark pattern might just become my ally for a shorting endeavor. 🦈 And for those of you eyeing buying opportunities, 1.2407 could be your spotlight, where the market's response could tell us tales.
Hopping over to the four-hour chart, an immediate resistance level at 1.2656 might just be our cue for an aggressive shorting move.
And in the land of the one-hour chart, if buying's your jam, there are two paths – the retest of support at 1.2553 or a dance with the ABCD pattern at 1.2542.
Isn't it fascinating how one market can offer different opportunities, based on your angle of approach? Whether you're up for trend trading or counter-trend adventures, the choice is yours.
EURAUD ADVANCE HARMONICS PATTERN AB=CD EURUSD has formed an advance harmonics pattern AB=CD Bullish Pattern on its hourly chart.
The price is trading the long entry-level EL: 1.62088.
ST: 1.61326
Wall: 38% AD: 1.63821
Target1:
62% AD: 1.65408
79% AD: 1.66495
Target2:
127% AD:1.69630
162% AD: 1.71900
EURCHF is Printing Bearish AB=CD PatternEURCHF is printing Bearish AB=CD Pattern on 1HR chart. Entry Point along with Stop Loss are marked on the chart.
AUDCHF is printing Bearish AB=CD PatternAUDCHF is printing Bearish AB=CD Pattern on 1HR chart. Entry Point along with Stop Loss are marked on the chart.
EURSGD has printed Bullish AB=CD PatternEURSGD has printed Bullish AB=CD Pattern on 1HR chart. Entry Point along with Stop Loss are marked on the chart. Divergence is visible on RSI.
EURJPY is printing Bullish AB=CD PatternEURJPY is printing Bullish AB=CD Pattern on 1HR chart. Entry Point along with TPs are marked on the chart. We are going to trade it to point D with proper risk management.
NVDA: Monthly Bearish ABCD Signal Pending Lowering Target to $80Last month I posted a setup that made the argument that NVDA was trading within the Pattern Completion Zone of a Bearish ABCD visible on the Monthly Timeframe and that all I was looking for was a Monthly PPO Confirmation Signal which would likely be triggered by a Bearish Negative Monthly Candle within the Zone; this situation remains the same we are still trading within the zone even after the earnings pop, but we simply haven't had that negative month yet, however it does seem like it will soon give me the signal that I want and it's something to pay attention to, at this point I'd say it'd be ok to put on a midsized bearish entry via 1-3 month NVDA Puts around the $480-$500 strike or NVDS Calls at the $36 strike and upon generating the bearish negative signal candle it will be appropriate to put on the full bearish entry.
In addition, after the recent Price Action and Earnings, if we do get the signals we want here, NVDA will probably drop back down to around $80
The original setup can be found below:
Gold Potential Outlook Daily TFGold can continue downward momentum in the short term. However, trend reversal is on the cards.
AB=CD Harmonic Pattern + horizontal support show (Daily) that potential reversal zone can 1895-1880, from where Gold can rally
SPX500 - Could we see 4300-4400??OANDA:SPX500USD has had 3 big gap days to finish the week really strong.
Could we see the bigger pattern play out towards the 61.8% level from the ATH? or even 4400..
There are a lot of resistance areas to come before that level so ideal scenario is to wait until we get a tradable retracement to buy.
There could also be a deeper correction before higher prices as we are coming into some smaller pattern completions.
I will post these smaller TF charts below.
Plenty of data this week to move things around finishing with NFP on Friday.
Enjoy the week.. Can this rally continue.
AUDJPY - Bearish Trend ReversalAs per the harmonics AB=CD, The pair has shown signs of a trend reversal at the D point. D point is the Potential Reversal Zone (PRZ). There is a divergence as well mentioned with a white line on RSI. The entry point, stop loss, and profit levels are the market. Let's hope it goes as planned!
USDCAD - Bullish Trend ReversalAs per the harmonics AB=CD, The pair has shown signs of a trend reversal pattern i.e. Double Top at the D point. D point is the Potential Reversal Zone (PRZ). There is a divergence as well mentioned with a white line on RSI. The entry point, stop loss, and profit levels are the market. Let's hope it goes as planned!
PEPEUSDTPEPEUSDT is in the formation of ABCD pattern.
As the pair has completed AB and perfectly retraced the BC wave and now looking for continuation of CD length.
If pair head towards CD the 1st optimum target could be the bottom of B wave.
What you people think of it?
NZDUSD - Bearish TrendThe pair is in a bearish trend and there is no divergence on RSI. The trend is expected to continue. The entry, stoploss, and profit levels are marked. We will see if the market continues or gives reversal signs at D (Potential Reversal Zone). We will take action accordingly or let the pair hit tp levels.
AUDUSD - Bearish PatternThe pair is in a bearish trend and there is no divergence on RSI. The trend is expected to continue. The entry, stoploss, and profit levels are marked. We will see if the market continues or gives reversal signs at D (Potential Reversal Zone). We will take action accordingly or let the pair hit tp levels.
EURUSD - Bearish TrendThe pair is in a bearish trend and there is no divergence on RSI. The trend is expected to continue. The entry, stoploss, and profit levels are marked. We will see if the market continues or gives reversal signs at D (Potential Reversal Zone). We will take action accordingly or let the pair hit tp levels.
GBPUSD - Bearish Harmonics AnalysisThe pair is in a bearish trend. The AB=CD harmonics have been applied for the marked take profit levels with the entry and stop-loss. The Potential Reversal zone (PRZ) is identified using harmonics. Let's see if PRZ performs or not!
How low will Gold go???Fibonacci extension tool is showing a 1.41 level inside of a 4 hr demand zone. We also have a measured move on the previous down leg. I suggest to watch this level and not just buy it at this level. Let's see if we get a reaction off the level that we can work with and THEN go through our process to take the trade long.
SELL USDCHFPrice got rejcted at a major resistance 0.88276 and we see an AB=CD formation in confluence with a double top and RSI bearish divergence,.. Sell with proper risk management.
