Get started

Harmonic Patterns

EURCAD BUY| Idea Trading AnalysisEURCAD is moving in an ascending channel. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Long
by TheGrove
1
Understanding the US10Y Crab Pattern in 2024 The US10Y refers to the 10-year Treasury bond yield, which is a key indicator of the overall health of the economy and is closely watched by investors. "Analyzing the US10Y trend, a bearish butterfly pattern has emerged at the 1.276 and 1.618 level, indicating a potential bullish trend in 2023. This pattern suggested a reversal in the current market direction, and The US10Y bond market has been exhibiting an intriguing pattern known as the "CRAB PATTERN," with implications for the year 2024. This pattern suggests that the market may experience a period of consolidation before potentially reversing its direction. Additionally, the presence of a parallel channel further supports the notion of a bearish trend, as this technical indicator typically indicates a downward trajectory in the market. Traders and analysts should closely monitor these developments and consider potential strategies to navigate the market amidst this anticipated trend. It is crucial to conduct thorough analysis and consider various factors before making any significant trading decisions in response to the observed pattern and trend.
TVC:US10Y
by SEYED98
3
AAVE Scalping Strategy Recommendation Amid High 1. Restate the Key Data Points Action: HOLD_BUY (indicating a bullish stance). Stop Loss: $320.00. Take Profit: $350.00. Entry Price: $328.07. Current Price: $336.64. Exit Point: $336.64. BTC Correlation: -0.85 (strong negative correlation). Confidence Level: 75%. 2. Short-Term Forecast Price Momentum: Since the current price is above $336, the market appears to be trending in favor of the long position. The thesis suggests holding the position (HOLD_BUY), expecting the price to continue rising toward $350. Risk Analysis: Downside is capped at the stop-loss of $320. If price volatility remains moderate, the chance of being stopped out near $320 is reduced. Impact of Negative Correlation with BTC: If Bitcoin falls, this asset might rise (given the negative correlation). If Bitcoin rallies, watch for potential downward pressure on the current position. 3. Medium-Term Outlook Possible Consolidation Around $336–$340: Price may hover in a narrow range before breaking toward $350 or dipping back to the $328–$330 region. Adjusting Stop-Loss: If the price stabilizes above $336.64, a slight upward adjustment of the stop-loss (to slightly above $328) could secure more of the unrealized profit. Confidence Level at 75%: Overall prospects favor continued upward movement. Reassess rapidly if there is a major shift in market sentiment or BTC correlation. 4. Conclusion & Prediction Likely Outcome: Continued bullish movement toward the $350 take-profit target. If the market remains stable and BTC correlation continues as is, reaching $350 is plausible. Main Risk: A sudden BTC price surge (inverse correlation could trigger negative movement for this asset). Maintain vigilance around key market announcements or unexpected volatility. Actionable Summary: Hold the current long position with a view toward $350. Monitor correlation events closely—sharp BTC moves can flip the trade’s direction. Protect profits by adjusting stop-loss if the price solidifies above $336.64. Final Predictive Note Based on the data and the 75% confidence, the short-to-medium term prediction is a gradual climb toward the $350 level, barring any sudden volatility spikes or drastic BTC movements.
by titankarma