Harmonicsignals
1D BULLISH SHARK$AUDUSD finally broke out of a recent consolidation phase and will complete a bullish shark on the daily TF once price taps the .7500 level.
We should see a clear reversal pattern in the form of a double/triple bottom on the lower timeframes (h1/h4) and a break of the CTL will confirm.
The swing should bring us back to test the .7750 quarter point. Will reassess this market at that point.
AUDUSD SHORT - BEARISH BUTTERFLY 4HRHere is my first analysis post on Trading View.
Harmonic Pattern shown is a completed bearish butterfly
Trendlines are valid are show a created channel.
Around (D) Point was my PRZ (Price Reversal Zone) as the entry shows.
TP 1 is at .382 Fib level
TP 2 is at .618 Fib level
Once price hits TP 1 bring down Stop Loss into profit to secure the trade doesn't lose us any capital.
Bitcoin Bearish 5-0 After the initial drop under 2350 initial target, Bitcoin now setting up a Bearish 5-0 @ the 2550-2600 area.
Originally released in my HTVol2 book, the 5-0 is a HARMONIC CONTINUATION PATTERN that represents an excellent zone to enter within the predominant trend.
Minimum target for entry is 2300 but 1900 = BullishBat.
STAY HARMONIC!
Bearish Gartley near All Time HighsThe French Elections drove stocks higher last week.
Nasdaq broke above 6000 and SPX is testing its All Time Highs levels again.
We have a daily Gartley formation just below 2400.
Will it hold?
In this bullish market it is going to be a hard task...
But with the VIX back below 11 again and SPX near psychological levels with harmonics... short term bearish trading ideas can be interesting contrarian option to explore.
Read more about this setup and others in my weekly newsletter - #WeeklyMarketsAnalysis on Twitter
Bearish Gartley (Possible)This scenario will work on assumptions stated by the format "if...then..."
If the price goes below the red line(4) then hold.
THE IDEAL SCENARIO: If the price retraces to the red line(4) then it should go towards the black line(3); If the price goes above the black signal line(3) a buy is initiated.
The green line (2) is the most important one because if it's crossed then the price should go all the way to the blue line(1)
The Gartley is supported by the exact 61.8% close price retracement of the XA leg.
Fundamental support: The USD sees some pressure with the future tax policy, Korean Peninsula & a slight difference between the hard data and soft data. The rise of AUD is supported by an increased risk appetite and a good support in oil, copper, gold (assess these prices for a more "sniper" number)