Get started

Crab

BTCUSD IS BULLISH - creating Harmonic Extended Crab Pattern 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 reaches 29000 level only then I can see the reversal. On reversal CD will form an extreme wave, which will be any where from 2.24 /2.618/3.14/3.618 levels projection of BC.
BITFINEX:BTCUSDEducation
by absu21
HINDUSTAN UNILEVERGSK will be doing a stake sale tomorrow in HINDUSTAN UNILEVER the price could be between 1950-1850. As per Harmonic Trading Pattern study 1825-1850 has a bullish Crab. It also would be a retest of the rising trend line from where it had made a Bullish Cypher earlier this year. The reversal from high's was picked via a bearish Ichimoku set up which had completed its downside target. (link mentioned below) Now the possibility of a bounce back and/or continuation of uptrend within the rising channel.
NSE:HINDUNILVREducation
by Dinesh_C_Nagpal
4
Auropharma – 831 to 750 - A crack!Auropharma – 831 to 750 What a crack! Risky Traders – get ready to lose 4-5 points and gain 50+ points – closing statement in the video idea – “Once bitten twice shy” as of 4th Dec 2018. If the stock moves in line as you expected giving us an exact entry as well to be precise 825-827 zone when it closed overnight at 821 levels has to be dream come true scenario for an analyst. Flashback Overnight (As of 4 - 6th Dec 2018) , Auro was moving within rising wedge –a common term used by traditional analyst until I came to know about wave analysis where the same structure was termed as “ending diagonal” – a overlapping structure which indicated that the upward structure could be ending soon. Rising Wedge When a financial instrument (which could be stocks, forex, commodities, bonds etc,) price has been rising over time, trendlines drawn above and below the price chart pattern can converge to show a potential reversal point at a peak. This reversal point can indicate a bearish price point signal in which the security’s price is subsequently expected to reverse lower. In our case the peak was 831 High and we got excellent selling opportunity close to the peak at 825-826 zone – High was 826.70/826.80- rest is the history Target achieved – 794 as suggested over the video with small pause and breaks at 815 -810 zone. This pattern is used by traditional analyst and wave analyst Books – Technical Analysis -Edwards and Magee ,Wave Analysis - Frost and Prechter Polarity Reversal = History Repeats What happens is that history essentially repeats itself, but the role of price at that level changes from resistance to support and vice versa. Polarity Reversal concept explained in my favorite book which was the first one I referred for the journey of technical analysis written by – Edwards and Magee. Important Polarity Reversal zones in last week 790-792 777-775 Candlestick Analysis Evening Star – 3 candlestick pattern as suggested in the book – Candlestick Analysis by Steve Nison Steve Nison – Father of Candlestick Analysis. Book – Candlestick Analysis by Steve Nison Harmonic Analysis Bearish Crab - Excellent Harmonic Structure occurring at 831 was an amazing clue Book - Harmonic Analysis by Scott Carney Trendline / Channels Book – Technical Analysis by Edwards and Magee is the reference book. Financial Astrology Term used by financial astrologer- “Retrograde” was also updated in previous video idea of the Nifty Index – “Mercury, Markets and Mayhem below 10800” – Mercury retrograde runs till 6th Dec 2018 – if you haven’t gone crazy – don’t worry market will make you crazy. Note- As updated/suggested on 29th / 30th Nov 2018 in last Nifty Video Idea comment section –we expected to be cautious from 10950-11000 zone which was danger zone What type of analyst are you? You just had to pick and execute –rest you were bound to enjoy the markets. Finally, It was kaka’s blessing directly from Bollywood (Kaka – Late Rajesh Khanna) – stands out to be real tribute to this Bollywood actor in the creative way (audio clip) as updated in last video idea. Thanks.
NSE:AUROPHARMAEducation
by WaveTalks
27
THE HARMONIC PATTERNS SERIES: III THE CRAB PATTERNHi, I am back with one more harmonic Pattern -- The CRAB For a brief overview about harmonic pattern fundamentals, first go to the Post One of this series (link will be soon in the update section). CRAB PATTERN In the BAT and the Gartley the price action in the last leg did not stretch beyond the Point X but In this pattern last leg stretches beyond X. In this case it is the B-C projection which may sometimes (when D extends beyond 2.618 B-C) help in identifying the Pattern in advance. X-A: A strong leg which ends at an important Support/Resistance level. A-B: Should retrace between 38.2 to 61.8% of X-A. B-C: Should retrace between 38.2 to 88.6 % of A-B. This leg should not extend beyond point A. C-D: The most important leg to confirm the Crab pattern . C-D should retrace 161.8% of X-A and not more than that. C-D=1.27 to 1.618 AB: Second important confirmation, C-D leg should complete between 1.27 to 1.618 times A-B B-C Projection: Point D should be between 2.618 to 3.618 B-C projection. You can notice the difference between Bat, Gartley and Crab B-C projections. Pattern completes at point D so it is the most important point in the pattern. If all the above conditions are valid, a reversal is expected from this point. # In Bullish harmonic patterns an upward reversal is expected at point D, whereas in Bearish patterns a downward reversal is expected at point D. # Normally a buy/sell order is placed at point D, expecting some sort of reversal, and targets are placed at 38.2% and 61.8% of A-X. # A complete reversal should not be expected at point D in any harmonic pattern . Only the further price can provide confirmations about trend reversal. Trade safe, be healthy Hit like/comment if this information is useful. Regards Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
11