TVC:USOIL going under an A-B-C Correction Wave
BTC USD is creating an Extended Harmonic Patterns - The Crab Patterns B point retraced XA by Fib 0.618 (13102) level C Point is retraced AB between 0.786 and Fib 0.886 level. Now D point in the process of forming the important Fib extension of XA which is 1.618 level ( 29000 ) That is the projection as of now for BTC-USD in this bull run. Once it...
(Last - 49177 / 21:05 Hrs / 4th Dec2020) Bullish Gartley + Piercing candlestick pattern (Bullish Candlestick) - suggest precious metal can start upside trend travel to 52500 (Target 1) & Strictly Above 52500 can travel to 56200+ (Target 2) - Stops below 47550 The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend...
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...
It has entered into the PRZ of a Bearish Harmonic Butterfly suggesting a pullback/reversal in daily time frame till 340/335. View would negate above 370 Harmonic Butterfly Patterns usually indicate pullbacks of the larger trend (in this case the same being up) not major reversals. Such patterns are usually associated with breakout patterns and respective pullbacks.
New traders often train their eyes to find a perfect pattern, in this process they often miss the trades. This fact goes with all the patterns and not only head and shoulder. So we never find good perfect patterns? We do find often. But you do not have to focus on finding a perfect pattern, you have to focus more on risk management and winning ratio. Once you...
For the ElliottWave-Cycle, kind of behavior appears in two different forms on a market chart: The impulsive move The corrective move. Motive Cycle: The impulsive waves can occur both in an uptrend and a downtrend . Impulse Elliot wave theory summary; It takes the form of 5+3 wave = 8 Wave patterns. It has the three waves 1, 3, 5 moving...
It seems Bank nifty is in Uptrend I have done a study on harmonic patterns. As of now it is at the mid of CD leg so following things may happen... 1) If it sustain above 29412 then it may give a TGT 29550 , TGT 29825 , TGT 30170 , Final TGT 30625 2) Now if it start reversal from this level i.e. 29790 and breaks 28550 then we will get a TGT 27990 3) If It start...
At the PRZ of a bearish Harmonic Bat in Weekly time frame it made a bearish reversal Candlestick today. A follow through tomorrow onwards would confirm a downward move for 13250 and below that for 12000. The view would negate if it sustains above today's high. The index constitutes of all the large Banks and large Finance companies. Harmonic Bat is a 5 points...
PRZ mentioned on the chart. Let's wait and watch for the next move.
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 has rejected from upper channel and it will touch lower trend channnel in upcoming trading sessions It obeying trend line 😉😉
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose. Dear all Pls provide likes for my ideas as it...