HDFC Bank - Bearish CrabBearish Crab pattern seen in HDFC Bank.
This is not a very perfect pattern (looking at BD ratio).
We have considered this because of the RSI divergence along with harmonic pattern.
This is a Weak Signal + Strong Context signal.
We are expecting a 176 Rs. fall in next 15 odd days, and we will be keeping stop loss at 1260.
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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.
NIFTYIt might be forming a THREE VALLEYS & A RIVER in hourly time frame. It has two bearish Harmonic Trading Patterns at 11875 (Deep Crab) and at 11975 (Alt Shark). "If" a REVERSAL were to occur from that zone then the downside expected levels could be 11750 / 11550 / 11400. The negation point would be at 12020
BTC/USD is Ready for the Downfall BTC/USD has completed the bearish crab pattern. As per the rules of the crab pattern, the trend of BTC/USD started to fall because it's a bearish crab. But it's suggested to sell near the D point. It will fall up to the targets 12972.35 - 12087.10 - 11465.31 . But as it's crab pattern, there is a possibility of a pullback. If it starts to rise, DO NOT SELL .
Asian Paints - Bearish Deep CrabAsian Paints entering PRZ for bearish deep crab. People who are holding cash positions can either exit or hedge. We have hedged our positions with November series PE. I'll avoid trading short here till a conviction is reached as the stock has climbed upwards with a very strong momentum. Very experienced traders might like to try with a naked PE. Trade only post getting a strong bearish candle in daily chart.
Particulars of trade:
CMP = 2213
Target 1 = 1945
Stop Loss = 2317
R:R = 2:1
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M&M BullishBullish Deep Carb Harmonic pattern
Since the time of previously shared Idea, the pattern has transitioned from Butterfly to Deep Crab pattern with a nice 3.618 BC projection, during the opening session. Targets are around 3 to 6 % of the current levels.
Educational. Trade with discretion.
HDFC bank in day's aheadHDFC is currently in wave 5 and can start corrective move from 1245/1265/1305.
Rule Wave 1 & 4 don't overlap is passed
Wave 3 > Wave 1
Wave 5 can get extended, but probable reversal points per fib levels mentioned on chart.
Wave 4 and 5 also seem like a Bearish Harmonic Deep Crab pattern. CD leg can extend till maximum of 3.618
Further details in Chart!!