Chartpatterntrading
W9-33 SAND BULLISH IDEA (HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
W9-29 FTM BULLISH IDEA(HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
W9-27 MATIC BULLISH IDEA(HARMONICS BULLISH PATTERN)Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
QQQ: A Dangerous Chart Pattern Appears.• QQQ is trading inside a range, between the resistance at 321, and the dual-support area made by the 21 ema + 313;
• Only a breakout would bring something new. If QQQ triggers an upwards breakout, it’ll just resume the bullish bias, and seek the next resistance at 334;
• On the other hand, if QQQ loses the dual-support level, it would trigger a Double Top chart pattern, and in this scenario, it could easily correct all the way down to the304 again;;
• So far, there’s no breakout yet, but QQQ is approaching its dual-support area. It all depends on how it’ll react around here.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
W9-20 NZDJPY BEARISH IDEA (HARMONICS REVERSAL PATTERN)Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of Harmonic Bearish reversal Patte coupled with bearish divergence at potential reversal zone (PZR)
Entry at LL on the basis of harmonic reversal pattern, candle stick pattern (three black crows), and support and resistance.
SL & TP Levels are defined.
SELL TRADE SETUP ON XAUUSDHey Traders,
Gold fell from HKEX:2 ,490 mark on Friday amid FOMC data release.
I am expecting a much further sell-off from there and then wait for what the market got to do afterwards.
However, break of the bullish flag pattern should be waited on and then entry can be look for on 15Min timeframe for the retest.
Watchout Out.
Necklace Pattern Trading - "S Chand & Company"This has been highly dependable stock since last 1 month. When benchmark Index "Nifty" fell by 500 points, this stock was rock solid holding its swing high level & stayed in the range of just 20 points. This is my Necklace Pattern stock it will be interesting to see how story unfolds when it reaches its previous swing highs.
HBAR as a Good Example of Common Patterns & Measured MovesHBAR presents a good example of how simple market pattern trading using measured moves still work quite well.
As these are moves in crypto, the measured targets exceed recommended lengths for a typical pattern trade, yet still line up quite well in continuing to use the same measurements beyond 1x -> 1.5 or 2x.
First, a parallel channel containing a double-bottom, saw a nearly 4x measured move up on the weekly. Its highest wick, breaking 4x.
Then a rising wedge that could also be called a double-top, worked out for a nearly 2.5x measured move down back into weekly support; stopping inches above the stronger area of support near the bottom.
Also, if you look at HBAR's most recent weekly highs, they stopped right around the 1x measured target of the upward move, and is now pushing on the 1.5x measured target of the downward move.
Both measurements are still providing direction on where price might make pit-stops.
Symmetrical Triangle on XAU/USD @ D1Gold (XAU/USD) is currently consolidating inside a symmetrical triangle pattern on its daily chart. I will try to use it as a trend continuation breakout setup. My potential entry is marked by the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper border. I will set my stop-loss to the triangle's lower angle (the red line at 1934.12). I will ignore bearish breakouts from this formation.