Wave 4 is Running / Bearish flag patternPlease, visit my another posts to understand more about this chart.
We are still on wave 4, So please do not open long position for long term.
Pay attention to chart and get best targets for short position.
PRZ
USDJPY - Bullish CrabThe crab pattern has not formed yet but a consolidation happens before it. If you don't mind to engage 2pips ahead of the completion, you can consider that. Stop-Loss I'm looking at 104.01.
Technical outlookGBPJPY has formed a bearish bat pattern during last days,now the price is located inside a Potenzial Reversal Zone between two resistances (the blue horizontal lines) and the Stochastic has produced a bearish divergence.
A sell could be the best option in this kind of situation, there are good chances for a drop towards 138.5 near the 100 day moving average. Pay attention to the larger timeframe in order to place your stop loss above 144.65, weekly resistance , I will post the weekly chart later.
Use a risk reward at least equals at 3.00 and do not risk more than 2% of your capital.
Enjoy your trading !!
AUDUSD stillis falling down!As you can see in the chart third wave has been done and a counter trend is started (wave 4). C point shows where the wave 4 will be finished. I think it still is early to finish wave 4 and we should wait for now.
Then at the end of the correction we can set up a long position in AUDUSD.
NZDUSD speculating TO FORM BULIISH Shark PatternNZDUSD speculating TO FORM BULIISH Shark Pattern
Once is it Formed and completely Depicted
Then we are expecting the market to
retrace 50% of the CD wave from PRZ
EURNZD on strong time reverse zoneEURNZD has created a harmonic pattern (NN Total 2 as yet) and there is also a strong time reverse zone at D.
1.73319 is the minimum target.
2 IMPORTANT Scenarios For BITCOINI've explained in details, about BTC price at 17700 and the AB=CD pattern that happened earlier on BTC.. So I suggest you to read it on the link bellow ( related ideas ) before reading this..
So, If you read that idea, let's begin..
As you can see, I'm doing this analysis on a DAILY chart. We are at the BC projection point the D location.. Now we have 2 scenarios ahead.. Bullish Scenario that I've shown you in the chart with the GREEN ARROW and the Bearish Scenario that you can see it as the RED ARROW..
Bearish Scenario happens when the AB=CD harmonic pattern is completed on the 1 Fibonacci level on 17700. We call that are the PRZ and the price correction will start..
But also we can see the Bullish Scenario, when ABCD harmonic pattern is not completed, the we're gonna have an Extended ABCD pattern. In this scenario we should see the BTC price moving to the 1.272 Fib around the 20,000 that there will be a strong psychological resistance level or maybe higher to the 1.618 Fib around the 22,700..
In this idea, I want to talk about the Bearish Scenario. Let's talk about the bullish scenario in another idea when we see the ABCD extended pattern..
Let's look at the price action at the PRZ are on the 1 Fib.. On November 17, we have a healthy and strong candle that reaches the target but it has closed exactly below the line. Next on November 18, we can see an indecision candle the can tell as the market taking the breaks. Both of these signs are good signs that show us the PRZ is doing just fine and it's showing the BTC a good resistance. On today's candle the November 19, it is also another indecision candle as I'm writing this idea we have 13 hours to close it, so we still can't hold on to the information this candle is giving to us. Buy if todays candle closes as and indecision candle we will be more confident about the PRZ and the bearish scenario..
Now that we've analyzed the Price action on the PRZ, Let's see where the price will go after the correction has started..
I've shown you 3 targets with FLAG signs on the charts that are our possible support lines for end of BTC big correction..
FLAG number 1: The downward line in the blue channel is a good support line for BTC to turn it's movement around, of course we will see some ups and downs but this is our first target for BTC to going to bullish move again and breaks the 20,000 price!!!!
FLAG number 2: If BTC breaks the channel downwards, the red area between 11550 - 12500 is going to be an great area of support, I believe this area of support has shown us in the pas that it is the strongest one, so take it seriously..
FLAG number 3: I've told you FLAG number 2 is the strongest one, so what is the third target?!?!?!?!
I've managed another scenario for when we've reached the second target, it is possible for Market Makers to step in.. they can sell their BTC to take down the price to make you believe there is no bullish move for BTC, there is no going back to the price 20,000.. Trust me, if you see FLAG number 3 DO NOT PANIC, stay relax.. After the Market Makers took profit from emotional traders, the 10,000 - 10,500 will do it's extraordinary job and the price will turn around and will go to the moon.. :)
So for our conclusion, I'm gonna tell about how I will be trading in this bearish scenario. So you can decide how you want to do yours..
I've shown you three possible targets on the chart.. I will start buying and holding at the first target to the third.. at each target I will look closely to the price action to see how the market is reacting. But it's obvious, I will keep some money for the next target to buy more in lower price..
Don't worry I will post further ideas when we reach at each target related to this idea to let you now how the market is reacting.. so we all together in the community can enjoy the market together.. so follow my profile to let me keep you posted.. :)
IMPORTANT: I will not sell my BTCs buying at these levels, unless I see huge historical prices..
This is my idea.. What do you think..
BTC USDT , Can sellers break these PRZ support areas?Continuing this ascending channel or make a descending one ? wait some days, these areas are so much important for both.
If you're happy touch the LIKE button, if not, be happy .
Bullish Bat currently PCZ fast approaching.We should be reaching the PCZ of a bullish ba pattern very soon. You could either wait for us to hit it or enter now as we are very close and don't get a big harmonic like this very often,
Stop below X and TP at the 0.618 retrace.
What to do ? For the next week wait for the price to hot 1.17500 . That zone is a hugely resistant zone. At that point place a sell position for a good downtrend.
FOR WIDER LOOKOUT PLEASE CHECK RELATED IDEA.
Trade at your own risk.
Have a great weekend.
EUR/CHF position if......Now, the price is breaking through the trend. We have to see if it is a fake break through or not. it seems like a fake one because of the PRZ above. We have to wait for the testing and its pullback ....
Scalp on BitcoinWe have a huge PRZ level, included: dynamic resistance, Fibonacci RETRACEMENT, Fibonacci PROJECTION. after breaking through PRZ and a pullback it is going to be a good entry for Buy position. with considering TP and SL of PRZ area.
Bearish Gartley AirtelBearish Gartley Bharti Airtel. Airtel has shown good rally on Friday. A bit more upward movement is there. Once reached PRZ (Potential Reversal Zone) area Wait for Reversal Confirmation on lower time frame candle stick. One can short with a given Stop Loss. Always use Trailing Stop Loss.
Chart by Krishna
Nifty - PRZ @ 11124Nifty previously had wolfe wave and its final target is due which is 11124 and also D leg confirms the same. Potential reversal zone for nifty is between 11162(Support) to 11124(D). If not reversed from first PRZ i.e. 11124 then 11001 and 10839 are another PRZ...
use of time with przfor now, prz is around the time tp so i think it would be a good tp and there is a strong resistance line at tp
XRPUSDT long term xrpusdt was in the channel for long time and recently breaked the roof of that long term channel. if it can consolidate on the roof as a support line and another horizontal resistance line become support line, then we will have three target with fibonacci system that have been showed in the chart with PRZ 1-3.
also if we assume the yellow part as a flag pattern,then we will have another rasing as tall as flagpole from here.
ASHOKLEYLAND - AB=CDAshokleyland has ab=cd and its first PRZ at 54.75 also RSI trendline is giving resistance so might be possible that it fall from first PRZ, If first broken then 56.60 PRZ can be considered... Targets on chart...
