Time for a bounce?Shark Pattern is at a major expansion and is primed for a short term bounce. Look for your triggers!
Shark
NZDUSD - 5-0 PatternMy money is in the Bearish 5-0 Pattern within the NZDUSD chart. That's an important trend trading setup and gives me the opportunity to ride onto the wave. But in order for the 5-0 Pattern to be valid, the Bullish Shark has to happen.
Let's wait and see how the market responds from here.
Question:
Would you engage the Bullish Shark Pattern when it forms up?
Answer:
Definitely, I will need a 3-bar reversal as usual.
ITC - Shark Patten ProbabiltyITC still stands good on all the time frames.
Now there is a probability of a shark pattern on the hourly chart, and it unfolds stock can test 345- 350 levels in the coming weeks.
The stock should sustain 330 levels for this probability to hold.
BTC OPEN TRIANGLE IDEASame concept for a ABC B wave rally, but with an open triangle/ expanding wedge connector culminating in an impulse to the 886 area..
UPDATE to Bullish ABC IdeaChart is pretty busy. It features the 21,50 and 100 daily simple moving averages because price is interacting with them reactively. Detailed here is a potential 2nd wave pull back into the golden zone at 19500 area. Tonight 3-4am EST London open has a lot of S&P PMI data coming out and NY pre market 8-9:30 am EST has US S&P 500 PMI and ISM, 30 year Mortgage and ADP Employment numbers. All significant data points the markets will be watching closely. Market narrative continues to be rally on economic slowdown as markets wager for a third time on a FED pivot, or at least slowdown, for example a 50 bps hike in November. On the technical side we have momentum oscillators supporting further upside, RSI, CVD, and EMA's, and shark harmonic at play to the 22-22.5 area.
**It's really interesting how the bullish idea from the lows got no agreement and so much incredulity... see linked below.
B wave alternative from 18600-700 to 22K areaThis a bearish B wave alternative, but a bullish short term rally nonetheless..
BTC UPDATE, Impulse count to 22-22.5kUpdate to prior ideas, but with this move as the start of a larger scenario with rally to 30k region, with this as the first swing. Will update shortly with a macro alternative.
ETHUSD M30 SHARK PATTERN AND RSI DIVERGENCEHello traders. I see SHARK pattern and RSI DIVERGENCE on ETHUSD M30 chart. Take profit price 1353, stop loss price 1251. Good luck everyone.
ALTERNATE 2nd WAVE OF C count with TRADE IDEAIf price gives a more prolonged or deeper combo corrective 2nd wave as detailed here, there is a clear Invalidation at origins of 1st swing for a potential swing long to 22.5 K area.
DETAIL VIEW FOR MACRO X WAVE AS ABCHere is a detailed view of proposed X wave as ABC. First point of Invalidation is break of current 1st wave at $18,925
Perfect automated detection of Cypher & Shark PRZ - ShortA Bearish-type Cypher pattern occurred.
If the price rises to 1.3597, a Bearish-type Shark pattern could occur.
Also on the weekly chart, Bearish-type Cypher pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Possible Shark Pattern on SPX, SPY, ES1!Looks like there's the potential for the development of a shark pattern with a rather fast rise in the value of the SPX, to the point of reversal near a developing downward trend line.
A reveal here would correspond w/ a corrective c wave extending to 0.618 AB, which adds to the impulsive upward move.
Just an idea. SPX looks a little over sold in short term; although longer term rate rises are putting downward pressure on risk.
Saudi Basic Industries Corporation SJSCStop loss and targets are in the chart,
DYOR, this is not a financial advice,
Good luck..
NZDJPY - Bullish SharkTo those who trade based on currency correlation, this is one setup you have to look at. On the surface, the NZDJPY and NZDUSD both have a Bullish Shark Pattern on the 1-hourly chart, but if you look closely at the 4-hourly chart, you will be able to see the future of these two pairs differs from one another.
On the NZDJPY, the Shark Pattern is more direct, in and out of the setup. However, on the NZDUSD setup, there is a potential trading combo setup.
Check out the related ideas at the bottom of my tradingview post to learn more.
NZDUSD - Bullish SharkProbably "the most important" Bullish Shark Pattern of the week. I'm waiting for the market to fulfil the Shark Pattern at 0.5583; for that to happen, a 3-bar reversal has to be seen.
What is more important than the Shark Pattern is the fulfilment of the 5-0 Pattern. The market shouldn't break and close beyond the red box that marks 5-0 Pattern, and when that happens, I'm going to head in for a shorting opportunity and might just ride the wave down on a Bearish Flag Pattern that could form on the 4-hourly chart.
You can check the related ideas at the bottom of the tradingview post on the potential bearish flag pattern.
EURUSD-Weekly Market Analysis-Oct22,Wk1The EURUSD is on a Bearish Trend on both Daily & 4-hourly charts. The key resistance level on the Daily chart is at 0.9900, and on the 4-hourly chart, we have a Bearish Shark Pattern that completes within the sell zone(supply zone) at 0.9866.
Last Friday, we did an aggressive short on the 1hourly chart based on a potential double top setup that has an RSI Divergence with it. Currently, the setup is a double top with a retracement pull-back. Normally, it is a perfect opportunity for traders to engage in the trade, I don't quite like the current candlestick pattern confirmation.
I leave that to you. Related Ideas is at the bottom of the tradingview chart.
ADAUSD: Trading at Harmonic Levels of ConfluenceADA Right Now is Trading at the PCZ of a small Bullish Gartley(The Harmonic furthest to the right) and a Bullish Cypher(The Harmonic in the Middle) and A Shark(The Biggest one to the left) Usually ADA tends to lag after XRP so as long as BTC holds these levels we should be able to see ADA break above the trendline from here in the coming weeks or atleast test the trendline and if ADA Breaks the Trendline i'd expect to see it get bought up to the next maor resistance at 89 Cents.
The trendline mey just act as a Bullish Dragon Validation Line if it breaks out.
Here is a zoomed in screenshot of the Army of Harmonics we have here before us:
three drive pattern yellow dot line, shark harmonic patternlarge time frame in yellow three drive to the bottom pattern
small time frame in orange shark harmonic pattern
both point to 1700 area, possible dead cat bounce before testing the bottom again
AUDUSDEnd of two pattern, shark and AB=CD. It seems a good position.
If it can pass target 1 srongly so it can achieve to target 2.
Quarterly DXY & Fed Fund RateChart Shows quarterly DXY and Fed Fund rate, with macro shark harmonic. Terminal PRZ of T1 at 117, t2 125 region with t3 at 136-38. Would be nice to see consolidation at 115-116 back to 106-8 area as other nations begin intervention. As of this hour, GBP halted trading trading as it collapsed 3.25%
***harmonics are not a predictive tool, they are a phenomenon of interest we see in the markets but I personally have no data suggesting they backtest in any consistent or reliable way across asset classes.
USDJPY-Weekly Market Analysis-Sep22,Wk5Monetising on the idea that USDJPY has a completed Bearish Crab Pattern on the Daily Chart, I'm waiting for this odd-looking Bearish Shark Pattern to complete at 145.27.
Normally, I wouldn't have factored in the fact of BOJ intervention that makes the chart an odd-looking one, but because the level of the PRZ within the shark pattern converges, I'm going to observe how the market reacts at 145.27 before engaging the trade.
SOLUSD: Bullish BAMM ScenarioIf BTC Holds 18850 Solana will almost certainly go for this Bullish BAMM on the 4 Hour.
Perfect automated detection of Shark PRZ - LongA Bullish-type big Shark pattern may occur when drop to 1.0485.
There is also a support zone at 1.048-1.054.
(In this support zone, there was a rebound in Feb 2022, Sep 2021,...)
Long after pattern generation and seeing the rebound. At that time, be careful of re-inversion in the resistance zone of 1.063-1.066.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
