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AB=CD

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
natural gas (ng) mcx ab=cd with shark harmonic pattern Natural gas forming ab=cd harmonic pattern with shark harmonic pattern . that pattern indicate =BUY natural gas between 221-19 add more 195.9 two days closing 168 below target 403-574-801 we kept two days closing stop loss just bcoz of weekly time frame.. above 247 closing will take sharp move for 300-403 around 403 should partial booking can consolidated or reverse from there for retrecment . 2 days close above 403 is non stop target will life time high ... if all set then should not go and close below 189 BOLO JAI GAJANAND
MCX:NATURALGAS1!Long
by slkingyogesh
5
Bullish ABCD in Bajajfinsv 8-1-2023It is Bullish ABCD pattern seen daily tf can give good reversal from 1433 zone marked in the chart. Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. (Color code for horizontal lines: Green - Buy, Blue - targets, Red - SL). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
NSE:BAJAJFINSV1!Long
by Elango-ragavan