🔠 The ABCD PatternThe ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size. A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A bearish ABCD pattern is formed after an uptrend and signals a potential bearish reversal at a certain level. The rules for trading bullish and bearish ABCD patterns are the same, you will just need to take into account the direction of the pattern you trade and the movement of the market it predicts.
🔷Classic ABCD
The point C should be at 61.8%-78.6% of AB. The point D, in its turn, should be at the 127.2%-161.8% Fibonacci expansion of BC.
Notice that a 61.8% retracement at the point C tends to result in the 161.8% projection of BC, while a 78.6% retracement at the C point will lead to the 127% projection.
🔷AB = CD
Here CD has exactly the same length as AB. In addition, it takes the market the equal time to travel from A to B as from C to D. As a Result, AB and CD have the same angle. This type of ABCD pattern is seen quite often and is popular among traders.
🔷ABCD Extension
ABCD extension refers to when CD is the 127.2%-161.8% extension of AB. CD can be even 2 times (or more) bigger than AB. There actually are some signs that can hint that CD will be much longer than AB. They are a gap after point C or big candlesticks near point C.
📊Trading with ABCD pattern
The key thing you should remember is that you can enter the trade only after the price reached the point D.
Study the chart looking at the price’s highs and lows. It may be helpful to use ZigZag indicator (Insert – Indicators – Custom – ZigZag) that marks the chart’s swings.
Watch the price as it forms AB and BC. In a bullish ABCD, C must be lower than A and should be the intermediate high after the low at B. Point D must be a new low below B.
When the market arrives at a point, where D may be situated, don’t rush into a trade. Use some techniques to make sure that the price reversed up (or down if it’s a bearish ABCD).
The best scenario is a reversal candlestick pattern. A buy order may be set at or above the high of the candle at point D.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work, please like, comment and follow ❤️
Harmonicpattren
EURUSD > Important Trading Levels You Should WatchAnalysis of #EURUSD
Hi traders, today we will have a look at #EURUSD
as you can see here looking at the chart we have the EURUSD tested trendline resistance and started to go down.
the market right now is out of momentum and there is no reason for the euro to keep going up, although the trend direction is to the upside it's better to look for buy entries instead of selling entries, but if you want to sell you can look for the market to retest the trendline resistance, near 1,0900 and form double top before you getting in a sell
the better option is to wait for the market to test the trendline support which is also the structure support Zone near 1.0700 it will make a very good level for entry with a good reward to risk
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
AUDJPY > Best Levels for A Sell Entry!!Analysis of #AUDJPY
Hi traders, today we will have a look at #AUDJPY
Looking at the chart you can see we have the market respecting the trend line resistance and the trend line support
As of now the market successfully tested the trend line support and moved higher if you go to the 15-minute chart you will see how the market formed to beautiful double bottom at the trendline support and then rallied up with huge momentum
I will be looking for the market to test the trendline resistance, then drop to the lower time frame and look for a double top at a trendline resistance also key market level 91.0
If the market will not provide any entry at the trendline resistance i will then look to enter at the structure resistance if provided a reason to, which is near 91.64 on 92.00
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
GBPAUD > Strong Sell Might Come Soon!!Analysis of #GBPAUD
Hi traders, today we will have a look at #GBPAUD
Similar to my idea on the euraud, here we have another strong supply zone at the gbpaud 4-hour chart, also a strong key market level of 1.7900,
As you can see the market tested this zone and showed a bearish reaction which was expected, right now i am waiting for the market to retest this zone and see what is the reaction and if the sellers will be again interested in entering this area.
If the market actually tests this stone drop lower time frame to look for confirmation we are turning lower before entering a selling trade with good risk to reward
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
EURAUD > Possible Short Entry at Supply ZoneAnalysis of #EURUSD
Hi traders, today we will have a look at #EURAUD
looking at the chat you can see we have two zones, a supply zone and a demand zone, right now the market tested the supply zone and showed a bearish reaction
which is something I was waiting for, but unfortunately the market extend lower, right now I am waiting for a confirmation retest in the zone double top and the reason to enter short
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Perfect automated detection of DeepCrab pattern - ShortA bearish-type DeepCrab pattern occurred within the resistance zone of 18.777-18.842.
Short after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
Perfect automated detection of Cypher & Shark PRZ - ShortA bearish-type big Cypher pattern occurred near the resistance zone of 18.988-19.077.
If the price rises to 18.9162, a bearish-type big Shark pattern could occur.
Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 18.365-18.543.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
AUDUSD > Strong Opportunity Might Come Soon!!Analysis of #AUDUSD
Hi traders, today we will have a look at #AUDUSD
yesterday short-term trading Idea on the AUDUSD did not provide an entry, right now I went to the higher time frame to look for another opportunity as you can see we have solid long-term trendline support and strong long-term trendline resistance
the market has been respecting those trend lines and I expect the market to keep doing so, I will be looking for another buying opportunity down near the trend line support, and if the market comes and test my trendline support as I have highlighted for you on my chart as you will also see that we have a double trend line support which will be a good opportunity to look for a boy near this zone
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
EURUSD > Consolidation Pattern, Breakout Might Come SoonAnalysis of #EURUSD
Hi traders, today we will have a look at #EURUSD
nothing changed for the EURUSD since last week as you can see still the EURUSD is trading inside this consolidation pattern we can expect the market to keep consolidating inside this range until we get the breakout.
there are two ways you can trade this pattern first one is to trade inside the range, and the second one waiting for a breakout, entering with a retest for a possibility of trend continuation.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
USDCHF > My Preferred Places to Sell!!Analysis of #USDCHF
Hi traders, today we will have a look at #USDCHF
here we have another market trending down in a very beautiful downtrend channel as you can see the market respected the trendline resistance and the trendline support many times before.
I have no reason to believe the market will break out of this channel anytime soon for that we can just keep trading the inside of the zone.
for me I always prefer to trade with trend direction for that I will always try to get in a sell trade with such a setup, instead of buying here, because if you enter buy in this market using this setup you'll be essentially entering against the trend, not with the trend, it's ok if you are a reversal trader and you have a proven strategy.
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
NZDUSD > I Like This Idea More than The One on My AUDUSD IdeaAnalysis of #NZDUSD
Hi traders, today we will have a look at #NZDUSD
similar to my previous Idea here we have another trend line support with the previous structure support level but here as you can see we have a Double trend line coinciding ain't the same level which is 0.64200
it would be a good idea to start looking for a buy if the market actually tests this area, what are you will do when the market tests my support zone, I will drop a one-time frame to start looking for a reversal pattern for confirmation that the market actually bottoming and we are turning bullish from this area and if the market is turning bullish from this area will look to enter buy trade with good risk to reward if the rules are met
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
AUDUSD > Detailed Analysis for Buy & Sell..Analysis of #AUDUSD
Hi traders, today we will have a look at #AUDUSD
as you can see the market right now is at trendline resistance the market actually showing a bearish reaction at this level and we might have a bearish candle formation at the top of the hour, which could be a good reason for some to get in sell trade, the other way to get in a selling trade is to wait for the market to form a double top and enter sell with confirmation
the other way that you can trade this market is maybe waiting for the market to drop to the support level just near 0.69 which is also trendline support and the previous structure support level
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
GBPUSD > The Best Place for A Buy Trade!!Analysis of #GBPUSD
Hi traders, today we will have a look at #GBPUSD
as you can see here we have a clearly defined uptrend in the GBPUSD and right now the market has broken its structure resistance level near 1.22800-1.2300
currently, the best place to look for a buying opportunity is when the market actually makes a retest to its previous resistance zone, which now becomes a support zone, near 1.2300 also a trend line support and if the market comes and retests the boys on I will actually drop on a one time frame to look for a reason to get a buy entry, like double bottom reversal bearish candle formation or maybe a harmonic pattern
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Perfect automated detection of Pattern5-0 & Bat PRZ - LongA bullish-type Pattern5-0 occurred near the support zone of 0.6980-0.6990.
If the price drops to 0.6942, a bullish-type Bat pattern could occur.
Long after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
AUDNZD > Interesting Bearish Harmonic Bat Pattern!!Analysis of #AUDNZD
Hi traders, today we will have a look at #AUDNZD
We have an interesting harmonic bat pattern which will complete at a very strong level of 1.100 as you can see the market previously dropped substantially from this level and I suspect when the market reached this strong resistance zone again we will see a bearish reaction
so you have to you two ways in approaching this ideal first set a limit order at the D leg completion, and the second way wait for a confirmation the market is turning bearish before you commit to a sell entry
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Perfect automated detection of Cypher & Shark PRZ - ShortA bearish-type Cypher pattern occurred.
If the price rises to 0.9392, a bearish-type Shark pattern could occur.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
EURJPY > The Best to Place to Buy, Possible 400 Pips!!Analysis of #EURJPY
Hi traders, today we will have a look at #EURJPY
If you look at the chart here as you can see we are at the daily time frame and I can see immediately that we have a strong structure support level just near the 138.00 area as you can see traders pushed the market up from there at this level
So I think the market may come and test structure support again, and if the market actually tests this zone I will drop a one-time frame for the one-hour time frame to look for a reversal pattern to confirm the market is turning bullish before getting a buy trade
as you can see this move is not difficult the market has done it twice to the upside and then back to the downside, 400 pips may come again and provide another 400 pips
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
USDCAD > Simple Trendline Support Buy Idea!!Analysis of #USDCAD
Hi traders, today we will have a look at #USDCAD
as you can see looking at the chart the market is falling down and might be wanting to test the trendline support and the structure support level which is also 1.3300 key market level
if the market comes down and tests my trendline support and structure support level I will drop a one-time frame to two to look for a reason to enter the market if the rules for entry are met and if it's providing a good reward to risk
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
EURUSD > Looking for A Buy at Support Level!!Analysis of #EURUSD
Hi traders, today we will have a look at #EURUSD
looking at the chat you can see the EURUSD is still in an uptrend and I still want to buy the EURUSD here as you can see yesterday the market broke the major resistance level of 1.07000
I am looking at the market to come back and testis the structure support level where I will be looking for a buy, which is also a key market level at 1.0700 if the market comes to my structure reasons it was I will then drop on time frame looking for reversal patterns like double bottom or harmonic pattern to get in a buy entry
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Bitcoin where is bottom? - Levels to watch for BTCTook while to publish new idea because of some private stuff and very busy with with making better improvement with @HeWhoMustNotBeNamed on our scripts for Harmonic patterns.
Couple is reason why I post here and now is just to publish again on TV some public TA. Maybe I'm wrong this time, maybe bottom is far away or BTC already make bottom (it's in zone what I publish and talked with some of my friends year ago). But this is some levels and possible EW what I looking atm.
Back in January 2022 when most "influencers" post moon charts here and on social media I replay to some of tweets that I not agree with new ATH before we see good correction.
On screenshoot above that is tweet when I tweeted with some friends.
First I want to share here monthly chart and level what is interesting to me. That is 13880 (on Bitstamp exchange). Back in December 2017 that is level where candle close (January 2018 open or yearly open). We can see after 547 days or 17 months or almost year and half, we tested that level to tick and get hard rejected (almost tested last low (drop to 3850 and most mention bottom was 3122.28). Later Oct' - Nov' 2020 when finally Bitcoin reached again that level and broke BULL run started.
Like I mention on Tweeter (like you see on first screenshoot) I was wondering what can be Elliott Wave for this scenario if we get there and broke under last bull run (19666 back in 17 September 2017). This is what I guess atm is possible EW count.
I have two possible scenario for diagonal ending (because of some important levels (little bit more zoom on last part of diagonal ending and levels to watch).
One very important thing is what I'm not very positive for this TA is rest of market (looks to me still alts need to go more down, BTC dominance is low, need to go more high) but maybe for sake of bulls I'm right and soon we'll see some push up. Be careful.
REMEMBER
▶ You don't need to catch bottom, you can always wait for confirmation (if this is bottom will be nice bull run and you can buy on pull back)
▶If you are holder (not trader) always is good idea to add in your portfolio on some specific levels instead to buy all in just one level (keep in mind to have Stop where is your idea invalid or you can be bag holder, what I tweets a lots of time on top for ALTS, they are now 70 -95% drop).
Stay safe and good hunting