Miloinu ,,, harmonic pattern I see an ascending butterfly pattern in this chart, this currency can grow significantly, I also analyzed it based on Fibonacci and it seems that it can surprise me.
Harmonicpattren
Shibainu ... Harmonic pattern I see an ascending butterfly pattern in this chart, it is likely to have significant growth. I see an ascending butterfly pattern in this chart, it is likely to have significant growth.
Crypto101 - Trading Harmonic Bats 🦇Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
A quick masterclass video today on bullish and bearish Harmonic Bat Patterns. How to use them, how to determine the entry point, where to place stop loss and also setting up 3 take profits points for shorts and longs.
Interested in altcoins that could go parabolic during the next bullish cycle? Please scroll through our page, I've been focusing on Altcoins that are trading in their macro accumulation phase - this is when the Fibonacci Retracement is pulled up from the FIRST ATH to the lowest LOW afterwards, and extended to the right. All of these alts are trading between 0 and 0.236 , which make them excellent choices for low risk high reward setups.
Have a great weekend, the charts will be here on Monday 🥂
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
USDJPY: Completed bull gartley; possible second chance entryUSDJPY has completed a bullish gartley on the 4hr/ 1hr chart. Possible double bottom on the 1 hr chart at previous structure for a second chance entry
USDJPY: Possible bearish Gartley at previous daily structurePossible short setup with a completion of a bearish gartley at previous daily structure. Could be a good entry point for a possible reversal.
USDCHFUSDCHF was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.9200
What you guys think of this idea?
Technical Analysis of GBP/USD - Bearish Crab PatternHello traders,
I would like to do detailed technical analysis of GBP/USD currency pair and the potential presence of a bearish crab pattern. The bearish crab pattern is a harmonic chart pattern used by traders to identify potential reversal (correction) points in the market. Let's examine the key aspects of this pattern in GBP/USD, including the retracement levels and extension ratios.
Bearish Crab Pattern Overview:
The bearish crab pattern is a reversal pattern that typically forms after a strong bullish trend. It consists of four key points: XA, AB, BC, and CD. In the context of GBP/USD, the pattern has the following characteristics:
1. AB retraced XA by 0.598:
The first part of the crab pattern is the AB leg, which retraced the XA leg by 0.598. This retracement level indicates a moderate pullback after a strong initial move.
2. BC retraced AB by 0.799:
The BC leg of the pattern retraced the AB leg by 0.799. This level of retracement is deeper than the typical Fibonacci retracements, suggesting a more substantial correction.
3. CD is an extension of BC by 3.172:
The CD leg is an extension of the BC leg by a ratio of 3.172. This means that the final leg of the pattern extends significantly beyond the BC leg. A 3.172 extension is a common feature of the bearish crab pattern and signals that the reversal is likely to be strong.
4. CD terminates at 1.24285:
The CD leg terminates at the price level of 1.24285. This is a crucial point for traders, as it is where the pattern suggests a potential reversal in the GBP/USD pair.
Technical Analysis and Implications:
The presence of a bearish crab pattern in the GBP/USD currency pair with the described characteristics is a bearish signal. I will be considering the following implications:
1. Reversal Signal : The bearish crab pattern is a reversal/correction pattern, suggesting that the bullish trend in GBP/USD may be losing momentum, and a bearish trend could develop.
2. Resistance Level : The termination point of the CD leg at 1.24285 serves as a significant resistance level which emanated from the rejection of price on the 11th and 12th of October. Having seen a bearish engulfing candlestick pattern at this zone, we anticipate reversal around this price.
3. Stop-Loss and Take-Profit Levels : We are setting 1.24550 as our invalidation zone, while our potential profit areas are 1.22990 and 1.22400 respectively.
4. Confirmation : This pattern is further confirmed by our elliott wave count. The reversal point seems to coincide with the end of impulsive wave 3, confirming that the drop may be a wave 4 correction. And if wave 4, our target should not be big (maybe 1.23006) as the trend is bullish.
Conclusion:
The presence of a bearish crab pattern in the GBP/USD currency pair with the described characteristics suggests a potential reversal (correction) in the bullish trend. We have seen further confirmation using Elliott wave and price action analysis, but remember no trading idea is foolproof hence the need to manage risk properly.
Cheers!!!
Chart to EW Analysis:
Dow Jones BuyThe Dow Jones is trading in a downward direction, approaching a demand area, and upon arrival, the harmonic (penny) pattern will be completed, and we will open a buy deal upon the appearance of a Price Action candle.
Gold. Where is its "terminus" from War? 19/Oct/23Gold is forming another triangle now in lower time frame chart e.g 1hour chart etc. So probably last leg to complete wave A (yellow).
Rally on USDCHF?The MLQP is at hand, will the bears continue to push dollar beneath MLQP but remain in the hesitation zone and reverse at the PRZ? Only one way to find out
One last push before coming downGBPUSD is still on the downtrend with the bears not backing out anytime soon. However, there seems to be a change in trend as the pound creates a higher low.
Question is, will that support hold and be enough for the bulls to change the course of trend towards the LQP and reach the D point of the Shark Pattern?
BTC Bearish CypherWe saw a bearish Cypher play out on the higher time frames for BTC. About 500 points away from a perfect 786 touch but, this is still valid. The smaller Butterfly played out. Thank you
BTCUSDT final leg down short?Is it time for BTC to go down? Is this the start of a possible 5th wave?
This is only one possible TA for short, although there are many arguments and the possibility that BTC is still going up. But currently the risk reward is so good that this trade looks very attractive. The analysis was made with Fibonacci, Elliot waves and harmonic patterns. Currently BTC reached TP1 for Anti Bat pattern. More on this, that is, in more detail the next day or two, when I have a little more time (and until then, if the bulls want to, I can disable this idea)
MKRUSDTOur uptrend line is reserved for the time being.
In the daily time frame, the crab pattern has appeared for us, which overlaps with the negative divergence of the RSI in the same time frame.
This pattern is a reversal of the trend.
If the upward trend line is broken and the range of $1,383 is consumed, the possibility of a corrective trend will be strengthened up to the price range of $993.
macfos seems a good buy buy near 300 for huge target as mentioned....it is in the uptrend. harmonic pattern
SP500: Consolidation in Short Term?Hi Traders!
Medium and Long-Term Trends are bullish, but in short term SP500 could remain bearish even after a pullback. If we look at daily chart, the Price Action is approaching an important support area around 4,305, if from here it triggers a bullish leg, it's possible a harmonic structure formation (for us, bearish). Having said that, we have a first Target Area around 4,275 and subsequently 4,220.
Trade with care
Like | Share | Comment
MARA +20% in the coming days then +80% in one month?In a context of BTC in a possible pre-halving & pre-bull market rally and numerous Harmonic Patterns and divergences drawn, MARA seems to want to seek an increase...
Can we hope for +20% in the coming days then +80% in one month?
33 ) XAGUSD Daily LongConsidering the divergence that happened on the daily chart, I think that the price will return to the trend line
Try to lose less, profits will come in time
DXY, attempting to break upside significantly.DXY has just broken resistance trendline spanning back from September 2022. The DXY broke trendline coinciding with a key level at 106.
If this break does not end up been a false break, DXY could swing to 109 within weeks and ultimately further grow to 114 in 2024.
LICHSGFIN - Weekly Harmonics patternIn WTF,
=> AC<1 which indicates a bat pattern target of 0.886 level.
Sun Tv - Weekly Harmonics patternIn weekly time frame,
=>XB around 0.786 and AC>1 which indicates extreme shark pattern
=> We can expect a prize reversal around 1.272 level.
GOLD: Daily Analysis |Bullish Pattern|There are many considerations that can be made about Gold, and today we share some of them.
In this geopolitical and economic context, Gold is an important pawn on the chessboard. If we want to understand where the price could go in the coming months, we need to understand why we got this far today (as I write the Spot price is 1925).
💡 What is really supporting prices well?
The answer is very simple, operators have many doubts and uncertainties, so they buy gold, especially as long as US 10Y remains bullish:
(Click on Analysis below)
💲 The US Dollar is also important in this game, and in the coming months it could even surprise us...:
(Click on Analysis below)
📈 Technical Analysis
Having said this, from a technical point of view, if we look at daily chart, we do not exclude a bullish harmonic structure with an interesting potential target around 2000.
🔏 Risk Management:
As we showed in our latest intraday analysis, we went Long the last bearish leg on 1H chart, so it will only be necessary to move stop loss to B/E:
(Click on Setup below)
🔴 What could cause this to fail?
What could cause this to fail?
The FED's interest rate decision and inflation data are expected next week, these events could actually change this scenario.
In conclusion, even if this analysis will be correct, the path will be long and full of obstacles, so it will always be necessary to look for intraday supports and potential Reversal Patterns on small time frame every day.
Thanks for your attention.
Trade with care
Like | Share | Comment
