The underlying chart gives us the data but it is important to look into the options chart for the trade. We normally wait for the breakouts to happen in the underlying chart but they happen way ahead in the options chart. By the time we take a trade in the options, it would have been late in options pricing. Below is the bank nifty options chart You can see...
This tutorial is on the ABCD pattern and the instrument used here is Nifty 50. ABCD patterns are harmonics patterns from which swings lows and swing highs can be forecasted. The present situation is a bearish ABCD pattern. Each point denotes endpoints of the swings. A, B and C denote known swing points whereas D denotes the new swing high. The trade setup is...
Short at close below B Stoploss at swing top I.e. D point Target at c
BTCUSD is in the built of a "Harmonic Deep Crab Pattern". It seems the demand and supply of the asset have been in a very volatile zone. If the asset breaks 30500 then the probability of the price to reach PRZ will be very high. Now, this PRZ will work as a supply zone for a short period or create momentum to boost the asset to the given bullish target.
BTCUSD has given the highest move now if it breaks $19000 level( fib retracement level of AB 0.236) then there will be a buying opportunity at $18434 (fib retracement level of AB 0.618) and $18118 ( fib retracement level of AB 0.718) level). It may target till all the important extensions of AB ( i.e. 1 ,1.272 and 1.618) in USD terms the targets may be...
By the observing from left to the right-hand side for AB = CD and 1.27/1.618AB=CD most precise Potential Reversal Zones ( PRZ ) of alternate Harmonic Pattern. The next important level for, Alternate 1.27AB = CD at 13096 can be used to determine other potential Reversal Points. 1.27 AB = CD 13096 AB = CD was at 12765 and the price slightly crossover...
It is at the PRZ of a Bullish Harmonic AB=CD Pattern suggesting a bounce/reversal provided it holds 346. It's expected reversal levels are 390 & 405 AB=CD Harmonic Patterns are derived out of specific Fibonacci Ratios which form parallel running channels appearing in the shape of a thunderbolt.
Harmonic Trading Patterns have several patterns, one among them is AB=CD, currently CNX 500 has shown a reversal from the PRZ signifying bearishness. Fresh bullishness as per the pattern would happen only if it negates the pattern above 9500, the strength of the pattern reversal would further accelerate below 9000 for its expected retrace levels as per theory...
Nifty is making a Cup & Handle in lower time frame, a breakout level coincides with the Bearish AB=CD between 9600-9650 which I had already suggested as a possible level in my previous tweets, view would go wrong below 9100. At the same time NIFTY IT in hourly is on the verge of an IHS breakout which suggest 13500 as a probable level. Both suggested levels could...
It is showing signs of reversal from its PRZ zone of 2 bullish harmonic patterns - Deep Crab and AB=CD. It could retest 260-265 provided it does not go below 243
It has made a bullish AB=CD in daily time frame. It could reverse from here for 6850 / 7100 provided it does not go below 6625
It is making a Bullish reciprocal AB=CD in daily time frame. It could bounce back to 2475/2500 provided it does not go below 2325
Nifty is at the PRZ of a Bullish AB=CD. Expecting a bounce back 12100. View would be negated below 11940
Silver after reversing from a bullish Harmonic Gartley is retesting the PRZ which now coincides with the PRZ of two Bullish AB=CD patterns (60/162) & (78/127) If it can sustain above 16.35 then it could retest 17.40/17.75
It has shows reversal from the PRZ of a Bullish Harmonic AB=CD. It can retrace back to 1980-2000 as long as it does not breach 1900
It has reversed from the PRZ of a Bullish Gartley and AB=CD. As long as it stays above 533 it can do a pullback till 550-560
Nifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From...