AB=CD
EURAUD - Bearish AB=CD PatternIn hourly time frame of EURAUD chart a bearish AB=CD harmonic pattern was formed , C point retracement is at 0.511 and BC projection point at 2.018. PRZ is defined after some consolidation , at PRZ a double top is formed which is clear indication of reversal, RSI is also making divergence , so a sell trade can be taken
EURCAD - Bearish AB=CD PatternIn hourly time frame of EURCAD chart a bearish AB=CD harmonic pattern was formed , C point retracement is at 0.511 and BC projection point at 2.018. PRZ is defined after some consolidation , at PRZ a double top is formed which is clear indication of reversal, RSI is also making divergence , so a sell trade can be taken
BTC/USDT - Bearish AB = CD Pattern - Double TopBTC/USDT is currently trading near a potential reversal zone at point D. BTC has already formed a double top pattern and looks to be completing a bearish AB = CD Harmonic pattern. BTC also has bearish RSI divergence near potential reversal zone. Looking for price to break support (neckline) to continue moving down!
S&P500 - Bullish Corrective??OANDA:SPX500USD is starting to clean up and give us a real clue as to whats coming in the next few weeks.
If its really bullish it needs to hold this 78% level and head up to new recent highs.
Due to the drop in yesterdays session we now look lower towards the 4k level and even as low as 3980.
An Ideal Scenario sees us getting a retest of 4100 which has been support through Feb and then dropping from here to the lower targets.
Being a friday we look for a bullish day followed by Selling coming in next week.
Also with Time and Price, if we go below 4030 before Wed 22nd then 4k will be the target. Key Date..
I hope this helps. Enjoy the Day!!
EURCAD UPDATE....↪️ EURCAD is trading in an uptrend in Elliott wave pattern. The price has retested the horizontal key support level from where we already saw a rebound once. So as the price is showing a bullish reaction from the same level again we have all the reasons to expect some more local bullish growth... Trade safe 👍✅
Natural Gas (NATGASUSD): How to Buy With Confirmation 💨
Hey traders,
I spotted a classic harmonic ABCD pattern on Natural Gas.
The completion point of the pattern matches perfectly with a horizontal key level.
Analyzing intraday time frames, I also spotted a falling wedge pattern on 12H.
To buy with a confirmation, wait for a bullish breakout of the resistance of the wedge.
Its violation may initiate a bullish movement.
Goals will be 2.43 / 2.58
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