EURUSD - Parallel Channel - AB-CDChart shows the possibility of the Parallel Channel and AB-CD pattern and the targets.
CD
Possible harmonic discovery on BTC. XABC is plotted, now it looks as if we are headed to D which would be roughly around the 1.272 fib note. This may not play out, but it is an idea. If it were to play out, expect a dump following D, back down
$CDR EWT Analysis - The dip has bottomed?$CDR making it hard for traders with its recent price action. The most obvious would be to call the 5-wave down from B an ending diagonal, but $CDR could potentially face more downside in the coming months since they have a Class-Action Lawsuit on their hands (and maybe other lawsuits on the way). The earnings report coming out in March might also be a flop because of the refunds and removal of CP2077 digital copies from online stores.
Consider the following chart as an alternate EWT wave count before buying the dip.
CDR price aproaching major key level will open buy after bounce+ Big polish players enlarge their positions of cdr
+ Major key level
+open now or wait for financial raport 30.03.2021
It might not be a trend changer but we will see a bounce with a huge possibility
US Stock In Play: $CD (Chinadata Group Holdings Limited)$CD closed with a major breakout this morning, leading the way as the best performing mid cap stock on the Eve of the New Year, closing at $23.96 with an intraday gain of +18.03%.
$CD traded back above its 20DMA on 4th November, after a short term decline of -17.51% upon its 30th September 2020 IPO high. Price action continues to hug the 20DMA over the course of following 38 market session, with consolidation observed below $20 round number resistance level since 4th December. The cumulative gain since 4th November totals at +72.50% in a brief 6 weeks period.
At the current junction, its price volatility is at its all time high of $1.50/day with $CD likely to trade outside a 6.5% daily range in the upcoming week.
XBTUSD BTCUSD 1ST BUYING PATTERN OF A NEW BULL MARKET?In H M Gartleys book his golden rule was to buy the first AB=CD correction in a new trend. BTC made nice gartley here so it "has" to be bought
if it fails will head down to form at least a butterfly at 1.1272
USDMXN AB=CD Pattern AB=CD formation on USDMXD with a retracement of 0.786 Fib pattern will also be valid if it touches the 0.618 Fib but not over you can enter at point C and put stop loss above the 0.618 Fib
EURUSD - Back to Back Bearish AB = CD Pattern It looks like a valid AB=CD Short Formation anyone else thinks it's a good idea to go short?
CD leg cypher in GBPUSD 4h-chartBullish cypher is forming in GBPUSD 4h-chart.
Missed the highest price at C (1.3443) to trade the CD-leg.
There is a smaller cypher pattern forming (green colour).
Entry point to short around 1.3409 all the way to 1.30.
Bear Advanced Pattern FormationWe expect to a have a retest of structure, then up to our previous resitance, and then hit our target :)
USDCAD Potential AB=CD Pattern?Is this a possible AB=CD Pattern? The last structure to the left is back in May/June 2015. But we are not oversold, so I am not shure about this pattern. Maybe if we double bottom, there is a long opportunity.
Thanks for your suggestions and kind regards,
Funkymonkey
GBPUSD Short ideaPotential Gartley and ABCD harmonic patterns to trade plus the completion area of gartley at a strong resistance area. Like if you agree and you're welcome to share your opinions.
