Reliance good long candidateReliance spot cmp 1875
Bullish crab pattern formation
PRZ zone around 1840 levels
SLZ zone below 1780 levels on closing basis
Target around 2000,2060,,2135 levels..
Elliot wave counts
Counter is trading in major impulse wave 3 of bearish impulse phase,,
Major wave 3 can mature around 1800 levels,,
If major corrective wave 4 unfolds from this levels we may see good reversal till levels of 2050 to 2150 levels..
Inter mediate impulse counts of major wave 3 , may mature around 1840 levels and reversal for corrective phase can be seen
RSI divergence :- price making lower low and RSI is making higher low,, bullish divergence observed in this last fall,, indicate reversal on cards
Bullish Crab
USDCAD - Bullish Bat CB (9Aug2020)Well, if you are trading for some time you won't expect the market to maintain the 45degree appreciation forever, at some point there will be a retracement.
If the market break and close below the trendline, I will observe closely on the area of buy zone(blue box) if it is strong enough to hold the support for me to engaged an additional buying opportunity. I'm trading this and have 1 of my target at the daily chart bullish crab setup.(chart at the bottom)
INFOSYS -Bullish CRAB - Calling out the Experts for AdviceFolks, this is my first attempt at charting with Harmonic Patterns.
What I see here is a BULLISH CRAB where the CD is in process and the expected target is between 990 - 1000.
I would like to call out the experts in this field of charting to advice me if my charting is accurate or if there is anything more that I should have considered.
#YOYO $YOYO #YOYOBTC DEEP CRAB & SYMMETRIC TRIANGLE BULL RUN Bullrun is coming soon,
Lets see the price after price break up the Symmetrical triangle
Then after we will see Deep Crab will move to the price up
GBP/AUD CRAB PATTERN GBP/AUD IS CLOSE TO COMPLETING A BULLISH CRAB PATTERN. THE FACT THAT THE SELLING MOMENTUM IS SUBSIDING ACCORDING TO MACD AND OTHER INDICATORS NEAR THE COMPLETION OF THE PATTERN AND A SUPPORT AREA. I'M 75%-80% CONFIDENT THAT THE PRICE ACTION WILL REVERSE AND THUS GIVE ME A GREAT LOWE RISK TRADING OPPORTUNITY. I THOUGHT I'D SHARE WITH WHOEVER FOLLOWS ME. BY THE WAY OTHER GBP PAIRS ARE FORMING THE SAME PATTERN.
Trade Ideas Educator: GBPJPY CrabA bullish crab pattern that has dive past the PRZ level, at this moment I'm waiting for 2 things to happen.
1. Consolidation on the HOP level, with candle confirmation and arrow pointing towards the upside.
Trading towards the target there is 2 trendlines I will take note, a break and close above the trendline is a must when market reaches that level.
2. A retracement towards the trendline with bearish trading confirmation, I'll engage on this trend trading setup
EURUSD-Weekly Market Analysis-Mar20,Wk4With coronavirus pandemic, it has caused great damage to Europe, thus causing one of the greatest depreciation that we have lived to witness.
Right now, the market double bottomed with RSI Divergence on EURUSD at the HOP level. It might be a great opportunity for bold countertrend trade to head in for a shot.
GBPUSD-Weekly Market Analysis-Mar20,Wk4A complete bullish crab pattern has emerged out of GBPUSD. Some see this as an opportunity for a bullish run for this pair. In comparison to the Euro, I'm certainly more optimistic on the UK Pound than Euro.
Euro is too big of a continent in times like the virus. I will be waiting for an excellent buying opportunity for this pair.