Get started

AB=CD

GBPCAD ANALYSIS 4H Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 3 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
Short
by Greenfireforex
ACC Harmonic ABCD Pattern on Weekly chart tgt 2057-2130ACC is looking bullish on daily and weekly charts 1. Formed ABCD pattern on weekly chart 2. Weekly close above Upper Bollinger band 3. Narrowing Bollinger Bands 4. Daily RSI Above 60 5. Daily Ascending Triangle Breakout at 1848 levels 5. Price Above 20 SMA (weekly) Strong Support at 1870-1820 zone.. Buy on dips for a positional target upto 2130 (minor resistance near 2097 levels) and Investment Target of 3200 + I am not an expert I just share interesting charts here, Please seek expert advise before investing as investment in stock market is subject to market risks.
NSE:ACCLong
by purisonshuf
Nifty Short opportunity Hello Trader, I wanted to inform you about a potential short opportunity in Nifty. The market is currently forming an AB = CD pattern, which indicates a possible downward movement in the near future. The critical level to watch for this short opportunity is 18822. Once the price reaches or approaches this level, it could be an opportune time to consider initiating a short position. Remember to perform your own analysis and closely monitor the market before making any trading decisions. Stay updated with the latest price action and key levels to confirm the validity of the pattern.
NSE:NIFTYShort
by TRADING-NASA
HAL - ABCD bearish harmonic patternThis is purely technical analysis and educational in nature ! Recommendation: This is just a potential ABCD bearish Pattern. If the candle on 10th March 2023, is bearish with huge volume then there is a strong chance to short your trade. Also, look for any double tops or other indicators to support this bearish trend. Note: Target 1 , Target 2 and Stop Loss is mentioned in the chart. Buy must be at the D Point for short trade. Optional Reading Below ------------------------------ 1) What is an ABCD Pattern ? a) ABCD is a basic harmonic pattern and depicts reversal. b) Two types of AB=CD trading patterns – the bullish AB=CD and the bearish AB=CD. c) The pattern consists of 3 price swings. d) The lines AB and CD are called "Legs" or "impulsive wave". e) The line BC is called "correction" or "retracement wave". 2) What kind of ABCD Pattern is shown above in HAL Daily chart ? a) ABCD bearish harmonic pattern 3) What are basic conditions to form a basic ABCD bearish harmonic pattern ? a) Point A must be lower and Point B is considerably high. b) There is no other point higher or lower between A and B. c) Point C then forms above A and below B. d) Point D must form above point B and it must be the highest data point between C and D. 4) Methods to find C Point ? a) Use a "Fib Retracement Tool" in traders view and connect between A and B. b) Distance between BC must be at Fibonacci retracement level 38.2%, 50%, 61.8% and 78.6% of AB. c) if it at this levels, then you found your C Point accurately. 5) Using one of the below methods we can find D Point ? Note: Remember CD line must break the B Point before trying to find D Point. a) Method 1: Must Satisfy the Condition AB=CD (if we do not have gaps and elephant candles in the CD impulsive wave) a) Distance between BC must be at Fibonacci retracement level 50% or 61.8% or 78.6% of AB. b) Then Use a "Price Range Tool" in traders view to find the distance between AB and then place it on C to find D. b) Method 2: Satisfy Fibonacci Extension Ratios and here AB will not be equal to CD(if we have gaps and elephant candles in the CD impulsive wave) a) Use a "Fib Retracement Tool" in traders view and connect between B and C. b) D point must satisfy the Fibonacci retracement level of 127.2% or 161.8% or 298.3% Disclosure: I am not a SEBI registered advisor. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions. Consult your financial advisor before taking any decisions. This is neither an advice nor an endorsement.
NSE:HALShort
by URANOUSCOLD