Dowtheory
W10-5 QNT BEARISH IDEA (HARMONICS BEARISH PATTERN)The price action has created a harmonic reversal pattern, and it is expected that the price will retrace from the potential reversal zone (PRZ).
Sellers will remain in control below the PRZ. Before forming the harmonic pattern, a bullish divergence was observed at the RSI indicator.
SL & TP Levels are defined.
W10-11 GBPZAR BEARISH IDEA (HARMONICS PATTERN)The price action has created a harmonic reversal pattern, and it is expected that the price will retrace from the potential reversal zone (PRZ).
Sellers will remain in control below the PRZ. Before forming the harmonic pattern, a bullish divergence was observed at the RSI indicator.
SL & TP Levels are defined.
W10-8 USDCAD BEARISH IDEApotential bearish entry
Dow Theory in Place: Lower High and Lower Low Expected in Place
The double top, coupled with bearish divergence (a bearish reversal pattern), breaks out the neckline at 1.35899.
The price action is forming a bearish flag, and it is expected that the price action will continue the bearish trend.
Entry, SL, and TP levels are defined.
W10-4 APE BEARISH IDEA (HARMONICS REVERSAL PATTERN)The price action has created a harmonic reversal pattern, and it is expected that the price will retrace from the potential reversal zone (PRZ).
Sellers will remain in control below the PRZ. Before forming the harmonic pattern, a bullish divergence was observed at the RSI indicator.
SL & TP Levels are defined.
USDCAD - K.I.S.S. 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find USDCAD chart interesting as it has been following the basic laws of market structure.
📚 So let's keep it simple => K.I.S.S. Keep it simple, samurai ;)
📈 First the bulls took over by breaking above the previous major high in gray, and USDCAD started to make higher highs and higher lows.
📉 Then the bears took over by breaking below the last major low, followed by lower lows and lower highs.
📈 Last week, the bulls took over again and USDCAD has been bullish ever since.
📉 Now for the bears to take over, we need a break below the last current major low highlighted in gray.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
W9.1-36 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.
W9.1-17 GBPZAR 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.
W9.1-31 EURGBP BEARISH IDEA (HARMONICS BEARISH 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 and support and resistance.
SL & TP Levels are defined
W9.1-24 NZDHKD 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.
W9.1-19 FRONT BULLISH IDEA (DOUBLE BOTTOM)Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of DOUBLE bottom coupled with bullish divergence (Bullish reversal pattern) SL & TP Levels are defined.