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Detailed explanation of the harmonic model 5-05-0 pattern discovered by Scott Carney and published in his book “Harmonic Trading, Volume Two” It is a unique model that has precise corrections of the Vibonachi ratio to check the health of the model. Although the 5-0 pattern is a reflective pattern, because the 50% recovery level is the most important in the possible reflection area, and the correction ratio is slightly different from the Bat or Gartley pattern. The 5-0 category falls within a family of 5 point harmonious reflection models and is essentially defined by the B point, which is mandatory for all compatible patterns. The basic pattern assumption is to determine reactions after finishing the opposite direction, and 5-0 patterns usually represent the first retreat to reflect the large direction. In many cases, the AB rib of structure is the final failing wave of direction. “The buying pattern” -Rib 0X beginning of formation of model structure. XA rib does not require a certain correction, but provided it does not break the top of the rib 0X. - AB rib between fibonachi extensions 1.13 to 1,618 from XA rib. -C point between fibonachi extensions 1.618 to 2,224 from AB rib. -Dot D from here we need to see one lower final comeback complete at the BC Correction Level 50. - CD rib should D be equal in AB rib length. “The Selling pattern” -Rib 0X starting to be the model structure. The XA rib does not require a certain correction, but provided that the bottom of the rib is not broken. - AB rib between fibonachi extensions 1.13 to 1,618 from XA rib. -C point between fibonachi extensions 1.618 to 2,224 from AB rib. -Dot D from here we need to see one lower final comeback complete at the BC Correction Level 50. - CD rib should be equal in AB rib length. Take a look at some of our previous analyzes with this analysis And don't forget to hit like so we can continue to publish such useful posts
CME:6C1!
by Elrouby
XRP - Heading back to $1?XRP Daily Time frame We have seen XRP make an impulse / correction / impulse to the down side finding support at the 70cent where we have monthly structure. Price has rejected this structure level twice and price has now broken out of the counter trend line. You can see after the first rejection of the monthly structure level price made an impulsive move to the upside but failed to break past the $1 region. After rejecting $1 price fell back down to the monthly structure creating an arguable double bottom but what we should focus on is how price moved down in a corrective manner giving indiction that the selling pressure is slowing down and that we could expect another impulsive move to the upside. Now that price has broken the daily counter trend line i will be looking on the lower timeframes for entries to go long (H4 & H1) with the first target being $1 where i will take partial profits or close the whole position depending on what price action develops.
BITSTAMP:XRPUSD
by UnknownUnicorn26193975
The Federal Reserve Effect on AssetsHello friends, today I am showing you six charts - US Dollar (DXY), 10 Year Treasury Interest Rate, Gold, Bitcoin (BTCUSD), WTI Crude Oil and S&P 500 Index (SPX). These are some of the biggest traded assets in the world. The vertical lines on each chart represents the beginning of the month. Over the three months since September 2021, the US Federal Reserve has been pointing to a reduction in balance sheet and dropping in hints of what the are considering (such as tapering, rate hikes and so on). This has directly impacted assets classes across the world as shown in these charts. There is no doubt that interest rates will go up if the Fed is openly saying they want to raise rates so it is with no doubt that the 10 year treasury is up. With that though oil has also been going up while other asset classes like Bitcoin, Gold and S&P 500 are going down. Interestingly the S&P 500 Index has not suffered as bad as Bitcoin has even though many consider them correlated in some way. This may be an indicator of what is to come soon. Lastly, the US Dollar seems to be getting stronger over the past few months and from my prior analysis of it (see ideas below), there is a strong potential for it to keep going higher. 2022 into 2023 will be a surely interesting year with what the Federal Reserve is looking to do. There are many other asset classes I didn't review on this analysis. If you want to drop in others, feel free to do so. What are your opinions on this? If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research!
SP:SPX
by MillionaireEconomics
23
EURUSD 12H TF Analysis : 12.13.212 different scenarios tof EUR/USD trend: In this case, we have to wait for the support or resistance to be broken by the price and then take action to get a position. Possible Buy Position Targets : 1.1372, 1.143, 1.147 🟢 Possible Sell Position Targets : 1.1189, 1.11294, 1.1069 🔴 Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 13.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
by ArmanShabanTrading
4
₿ DOGECOIN 1D ₿ : 06.DEC.2021 : $DOGEWill #DOGECOIN reach to 1$ ? Examining the #DOGECOIN chart in the weekly time frame : we see that the price has been fluctuating in the range of 16 to 35 cents since May 24, 2021, and does not follow a specific trend (trading range). We expect the price to start to rise again this week and Grow and reach its first target at least up to 34 cents! The first condition to reach this target is the failure of the dynamic resistance indicated on the chart. An interesting scenario could be the formation of the Triple Bottom Pattern pattern, which is completed when the price reaches the level of 34 cents, and with the failure of the neck line, the price can grow up to the specified targets. Targets are $ 0.34, $ 0.45, $ 0.51, $ 0.57 and $ 0.74, respectively, and $ 1 at the end. What is Triple Bottom Pattern ? A triple bottom is a bullish chart pattern used in technical analysis that's characterized by three equal lows followed by a breakout above the resistance level . KEY TAKEAWAYS A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance. The formation of triple bottom is seen as an opportunity to enter a bullish position. What Does a Triple Bottom Tell You ? The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels. There are a few rules that are commonly used to qualify triple bottoms: 1- There should be an existing downtrend in place before the pattern occurs. 2- The three lows should be roughly equal in price and spaced out from each other. While the price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trendline is horizontal. 3- The volume should drop throughout the pattern in a sign that bears are losing strength, while bullish volume should increase as the price breaks through the final resistance. How to Trade a Triple Bottom The price target for a double bottom reversal is typically the distance between the lows and the breakout point added to the breakout point. For example, if the low is $10.00 and the breakout is at $12.00, the price target would be (12 - 10 = 2 + 12 = 14) $14.00. Stop-loss points are usually placed just below the breakout point and/or below the triple bottom lows. Source : Investopedia Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 06.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
11
₿ SOLANA 1D ₿ : 04.DEC.2021 : $SOLAppealing price ranges for long-term investment and HODL in #SOLANA : 150$ - 180$ Important support and resistance ranges are marked on the chart and everything is clear ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
1
Triple Bottom Pattern of #Doge Chart ?Will #DOGECOIN reach to 1$ ? Examining the #DOGECOIN chart in the weekly time frame : we see that the price has been fluctuating in the range of 16 to 35 cents since May 24, 2021, and does not follow a specific trend (trading range). We expect the price to start to rise again this week and Grow and reach its first target at least up to 34 cents! The first condition to reach this target is the failure of the dynamic resistance indicated on the chart. An interesting scenario could be the formation of the Triple Bottom Pattern pattern, which is completed when the price reaches the level of 34 cents, and with the failure of the neck line, the price can grow up to the specified targets. Targets are $ 0.34, $ 0.45, $ 0.51, $ 0.57 and $ 0.74, respectively, and $ 1 at the end. What is Triple Bottom Pattern ? A triple bottom is a bullish chart pattern used in technical analysis that's characterized by three equal lows followed by a breakout above the resistance level. KEY TAKEAWAYS A triple bottom is a visual pattern that shows the buyers (bulls) taking control of the price action from the sellers (bears). A triple bottom is generally seen as three roughly equal lows bouncing off support followed by the price action breaching resistance. The formation of triple bottom is seen as an opportunity to enter a bullish position. What Does a Triple Bottom Tell You ? The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels. There are a few rules that are commonly used to qualify triple bottoms: 1- There should be an existing downtrend in place before the pattern occurs. 2- The three lows should be roughly equal in price and spaced out from each other. While the price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trendline is horizontal. 3- The volume should drop throughout the pattern in a sign that bears are losing strength, while bullish volume should increase as the price breaks through the final resistance. How to Trade a Triple Bottom The price target for a double bottom reversal is typically the distance between the lows and the breakout point added to the breakout point. For example, if the low is $10.00 and the breakout is at $12.00, the price target would be (12 - 10 = 2 + 12 = 14) $14.00. Stop-loss points are usually placed just below the breakout point and/or below the triple bottom lows. Source : Investopedia Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 02.DEC.2021 ⚠️(DYOR) ❤️ To give us energy and motivation , please like and leave a comment. ❤️
by ArmanShabanTrading
22
TRX (TRON) UpdateHi Traders, Welcome to my update regarding TRON TRX technical analysis. As you can see we popped out of the down trend with a nice bullish run. The technical pattern that broke out was a falling wedge idea. In this trade I took 50% of my profit at the first target thus to give myself a better entry if we pulled back. Which as you can see in the chart we have came back down to the entry zone of the original breakout. After making a new local high and a new local higher low I have been given extra confidence that this trade will head to the second target area that I posted in the original trade. Therefore, I entered at the original breakout area giving myself an extra 40% profit potential on this specific trade. Fell free to ask questions in the comments. Have a green week! Savvy
Long
by Savvythe1
5
Critical AriasWave Market Update - Things Are Slowly Turning...In this video I lay out my preliminary analysis and thoughts as to why these markets will take a hit. Based on AriasWave I will explain the kinds of trend changes we will see. Some have already started turning and some are still in the process of doing so. I recommend staying tuned as I will be starting to release these updates on a regular basis as required. Remember to use Disciplined Money Management Principles to ensure longevity as a trader. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd? Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
OANDA:XAUUSD
by AriasWave
1