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AB=CD

Bitcoin Analysis [January 28, 2022]Fibonacci retracement tool and trendlines were greatly implemented in analyzing this one (1) week candlestick timeframe (TF) chart. A new support line is drawn to which was respected. FIB3 and FIB4 are also redrawn. We therefore have a new FIB4 take profit zone, but before smashing that price, we should be looking forward to a crazy reaction at FIB4 50.0% zone and its 100.0& zone. The support line will be considered invalid if it is successfully broken to the downside with a close of a candlestick. Either FIB3 and FIB4 will be considered invalid if price drops below 100.0% and 0.00% respectively. Kindly note this is not a signal group. This article is for educational purpose and not a financial advice. As we know, the cryptoverse is a highly volatile ecosystem. Do your due diligence.
Long
by MaestroPee
EURJPY ForecastWe have two potential scenarios for the EURJPY. Unfortunately, none of them will give is a good trading opportunity in the short term. Scenario A The corrective cycle that started in October 2022 is not over, and we will see another wave down before ending wave 2 in the primary degree (green) What to do in scenario A? In this scenario, when the price reaches the green Inflection zone, we will buy EURJPY Scenario B This corrective cycle ended on January 2023, and we have already started wave 3 in the primary degree. What to do in scenario B? The EURJPY will need to break the highs created on October 2022 before looking for buying opportunities in a shorter time frame cycle. In conclusion, in the short term, we do not expect that EURJPY can provide us with good trading opportunities. We will continue analysing it for you and updating you accordingly if the market structure changes Please remember to do not to risk more than 2% of your account on each trading idea
Long
by TradingtheRightSide
PYPL | Accumulation phase and bullish reversal expectedFeb 27 2023 - UTC-5 1:00 PM BULLISH INDICATOR (Feb 27) 1. The significant support channel between 66.77 and 71.86 has been tested thrice in past 9 months. 2. On Daily and 4H Chart, a Falling Wedge is spotted, which is a reversal pattern. 3. After the bottom is hit, the price stayed sideways (Accumulation phase). So after 4th testing of same support channel bullish reversal is expected. 4. From the last swing high and swing low, the price stayed between Fib level 0% and 50%. If the price will rise upward from 50% level then start of bullish trend is expected. 5. Harmonic ABCD pattern is in formation on Daily chart. Another signal for reversal. BEARISH INDICATOR (Feb 27) 1. A strong bearish rally hit the significant support channel between 66.77 and 71.86. 2. From the last swing high and swing low, the price stayed between Fib level 0% and 50%. There is a possibility the price can break downwards. 3. No divergence on RCI has been spotted yet. PREDICTIONS 1. Bullish reversal is expected but will wait to enter the Long trade after bullish reversal is confirmed when price will cross Fib level 38.20% (88.20) upwards. 2. Confirmed Long trade will happen when price will break Fib 50% level (95.34). 3. Possibility of bullish trend with trailing stop loss. 4. If the rectangular box is broken on bearish side then, short trade will be considered below price of 64.60. BIAS 1 = LONG - PLAN A (@ Pending Buy Stop around 95.34) BIAS 2 = SHORT - PLAN B, (@ Pending Sell Stop around price 64.60)
NASDAQ:PYPLLong
by haroonraees
2
EURUSD ForecsatEURUSD Forecast The correction EURUSD started in September 2022 is not over yet. We are forecasting that we only have finished the (A) from the (A)(B)(C) of the correction in the intermediate degree (blue) to end wave 4 (green). Therefore we still need to see the price making higher highs from the current position. We are forecasting this option as the most provable at this point because wave (A) seems like a clear motive wave for us. We clearly see 5 waves forming (A). That means that, as wave 4 in green (primary degree) has to have a corrective structure, there is still another wave up missing. What to do? We currently can not look to enter the market. We should be patient and wait for the price to break the 1.1033 level before looking for short-term buying opportunities. Alternative scenario We forecast that wave 4 in the primary degree (green) is not over yet. However, until the price does not break the 1.1033 level, we cannot discard the scenario where wave 4 is already over. If this is the case, the price will resume the downtrend directly, making lower lows. Unfortunately, today we cannot give you a trade idea for the EURUSD, but we hope you understand what the asset situation of the EURUSD is. As always, we will keep you updated Please remember to do not to risk more than 2% of your account on each trading idea
by TradingtheRightSide
NASDAQ Bearish Time WindowPrice likes to move in AB=CD price structures where there is a time and price element in the pattern. The AB is equal to CD on a time and price basis the CD leg being a 100 level expansion of the AB leg. This particular price structure here on the NASDAQ has two possible AB=CD patterns in play. The blue ab=cd is what I call a hidden time window because it is much harder to see. The black AB=CD is the traditional time window and it is usually much easier to find. The bearish harmonic pattern that I have highlighted is what gives the AB=CD patterns their price structures. The BC legs are found by using the A and D swings on the harmonic pattern. Once you are able to spot a likely AB leg you can use it to anticipate price and time which is how I have defined the downside target area.
NASDAQ:IXICShort
by Divi