This is a counter trend but here is why we are selling. Trend: W1: Up D1: Up H4: Flat Moving Average: Above the Daily MA H4 pointing downwards Pattern: Shark on Daily Strong resistance at 151.50 Double top on Daily and lots of divergence
Awaiting this idea potentially happen, I see an ABC pattern form and begin to connect the dots in hindsight... ill wait to see how this unfolds not an active trade until my confluences confirm
Elliott Wave Theory & Shark Harmonic Pattern - Gold Spot / USD - Daily Chart
Bias 0.75 Fib Fan is a support and a resistance. All the lines in Grey, are interesting but the lines in color (colour) have significance to current time frames and price action. Fib fan drawn from past Monday 8 Feb 2016 to 18 Feb 2020. Low 1802.50 to high 3397.5 18 Feb. 0.75 Speed Fan seems to have been a support. Update to come. Confluence with Fib Fan drawn...
BINANCE:AVAXUSDT Potential Bearish Shark Potential Reversal Zone: BC Retracement (1.618 | 2.618) Near: 13.79262 Far: 14.228 XA Retracement (0.886 | 1.13) Near: 13.88285 Far: 14.1773
The Trend has started by NSE:ITC already reached at the supply zone and also touched the level of 1.131 (Bearish Shark Pattern) at price 338.30 in weekly TF. As per the previous candle closing with rejection, we might assume some profit booking here. SELL : Short opportunity only arise if price breaks the previous week candle low which is 329.70 . BUY:...
I made the mistake of shorting Apple into earnings based on a quick analysis without carefully analyzing its chart pattern. It's clearly on the last leg of a shark pattern and should continue pushing higher. I will be watching carefully for another opportunity to short near the 88% retracement point, which also happens to be near trendline resistance. Tips:...
The gap must fill. Short not until it does imo. Measured Move projected with price bands, +302 pips for a 1:1 move. Gap may fill Friday. Expect weakness before FOMC, then a stupid bullup as follows: 7/27 1400 rate decision; initial ludicrous pop followed within minutes by a selloff. Price declines until ~1425 in falling wedge. At ~1428 EST J Powell will step up...
BITSTAMP:BTCUSD has been trading in downtrend and recently pulled back but looks week on daily and might not carry the momentum longer. It also formed potential Cypher/Shark harmonic patterns and possible targets are at 21578(target#1) and 16040(target#2). 200 SMA is also around target#1 so it might bounce from there. It is also forming narrow TTM Squeeze....
1INCH/USD Trade Set Up Bullish Shark Harmonic with a type 2 return sprung above critical resistance Low Risk Value Perceived Areas Thin order book from here to 2nd target at $3.60 (100% profit potential)
$DHR Shark Pattern D Point is Fib. %88,6 XC Wave. Bullish breakout point is above $333.
I expect the pattern to be penetrated by the supply zone. since its really near the leg D
Shark is appearing a lot nowadays in the markets. Here is A Shark pattern confluence with daily demand zone. the best price to go long is mentioned.
Hi All, ** A continuation from the previous related post for BTC anticipated drop ** The previous post was based on logical guess for a Gartley harmonic playing out however with the price hitting 12K and then dropping, it made way for a SHARK harmonic Hence if you know the harmonics, the Shark A to C extension can be 1.618 or 2.24 fib. as Targets T1 and T2 which...
BIG combination of confirmations from Shark Harmonic pattern, Double TOP pattern, Resistance level and HIGH LEVEL of RSI indicator over 80. Big Short signal here. Trade short now to 0,90250 level (30 pips take profit) and stop loss on the same level (30 pips). 1:1 trade. Trading is your choice. Happy trading. -DaveGoody