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AB=CD

CHFSGD W1 & MN ShortGood day traders, Although we are currently bullish on the lower timeframes, swing traders are looking at the overal out look of the CHFSGD. The CHFSGD has been consolidating between our Support and Resistance levels for a couple of years now. It has recently respected our resistance level creating a possibile bearish trendhike. We saw a bearish confirmation it bounced off a bearish trend line in the previous few months. We will wait for a slight pullback and sell the CHFSGD down to our support. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Short
by Mezzoforte_Privilege
Snap Inc. (SNAP) ... More than Finger Excercise ??I am always intrigued with patterns (harmonic) within patterns. Snap Inc. (Snap) fits that bill. (1) The Original pattern is a Cypher, which began life around Dec, 20th 2022. Target 1 has been met and I have marked Targets 2,3 and 4. (2 ) Coincidentally this is may be the beginning of a larger bearish harmonic pattern, whose beginning I marked as last September. The extent of Leg D is undetermined , but it has the potential of forming a harmonic Butterfly, Bat or Deep Crab These objectives have also been marked. (3 ) Not withstanding the above, recent price action appears a little extended and I have marked an Extended ABCD pattern as a short term reversal point. This may cause a pull back to 1/3 to 1/2 of the recent rally. This area is also outlined. (4) I have also marked the AC leg of this potential Butterfly/Bat/Deep Crab harmonic with an extended dotted line. The fact that this was broken today is a good thing , although often price action through a trendline often requires a retest. Of course everyone is waiting for the Fed's action tomorrow. So pay attention to broader markets, be nimble and cautious. As always do your own due diligence. I will update as necessary. Good Luck S.
NYSE:SNAP
by Steve666
USD/JPY BUYBUY. Coming to the conclusion market will see bull momentum in the next couple hours, due to JPY consumer staples/consumer price rising, I have projected consumer staples/cpi prices rise to 61% fib creating opportunity for USD to advance, USD economic sentiment has been exceptional as expected and should continue its bullish momentum. USD/JPY expected to finish temp retracement before the bull run trade which will be Entry @130.100 TP1@130.419, TP2@130.851, TP3@131.228
Long
by Sylynt056
1
LINKUSDT Potential Bullish Gartley to turns Bearish / FlatPotential reversal price action in a potential ending diagonal Elliot pattern corrective, plus potential bullish Gartley and AB=CD projections aiming demand zones. The price is ranging @ upper region of a monthly Inside Bar candlestick pattern. I'm expecting the breaking of Aug '22 low to lowers lows newer targets. The price action above this level tends to ranging in zig-zags. Anchored VWAP from the Aug '22 low is a important intraday support. Price is ranging between the upper bands 0.618-1.00 from this VWAP. Bearish divergences on RSI and Chaikin Money Flow oscillators. Similar pattern linked below.
Short
by firmestudio
🔠 The ABCD PatternThe ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size. A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A bearish ABCD pattern is formed after an uptrend and signals a potential bearish reversal at a certain level. The rules for trading bullish and bearish ABCD patterns are the same, you will just need to take into account the direction of the pattern you trade and the movement of the market it predicts. 🔷Classic ABCD The point C should be at 61.8%-78.6% of AB. The point D, in its turn, should be at the 127.2%-161.8% Fibonacci expansion of BC. Notice that a 61.8% retracement at the point C tends to result in the 161.8% projection of BC, while a 78.6% retracement at the C point will lead to the 127% projection. 🔷AB = CD Here CD has exactly the same length as AB. In addition, it takes the market the equal time to travel from A to B as from C to D. As a Result, AB and CD have the same angle. This type of ABCD pattern is seen quite often and is popular among traders. 🔷ABCD Extension ABCD extension refers to when CD is the 127.2%-161.8% extension of AB. CD can be even 2 times (or more) bigger than AB. There actually are some signs that can hint that CD will be much longer than AB. They are a gap after point C or big candlesticks near point C. 📊Trading with ABCD pattern The key thing you should remember is that you can enter the trade only after the price reached the point D. Study the chart looking at the price’s highs and lows. It may be helpful to use ZigZag indicator (Insert – Indicators – Custom – ZigZag) that marks the chart’s swings. Watch the price as it forms AB and BC. In a bullish ABCD, C must be lower than A and should be the intermediate high after the low at B. Point D must be a new low below B. When the market arrives at a point, where D may be situated, don’t rush into a trade. Use some techniques to make sure that the price reversed up (or down if it’s a bearish ABCD). The best scenario is a reversal candlestick pattern. A buy order may be set at or above the high of the candle at point D. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2