Crab
BTCUSD probable Harmonic ReversalIt seems BTCUSD is in its reversal mode. As per harmonic patterns, it's not beyond $35000 in this run.
As per crab Harmonic pattern, it has already achieved the of XA leg i.e.1.618 level. Whereas it is just waiting to achieve the extreme level of projection of BC leg i.e. 3.618 level.
Harmonic Crab Pattern for the NSE:HINDUNILVR.
There's two Harmonic Pattern (Crab & Gartely ) has Mid point B - 61.8% retrace of XA. In this case, this one is not Gartley caused of the price crossed over the 0.786 of XA leg.
Let's talk on a Crab pattern:
Int roduction of Crab:
The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme (2.24, 2.618, 3.14, 3.618) projection of the BC leg but employs an 0.886 retracement at the B point unlike the regular version that utilizes a 0.382-0.618 at the mid-point. The pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone.
The current ratio of fib.
MidPoint B at 61.8%
The 0.886 projection of the BC leg.
1.618 AB = CD more it (In fact, the AB=CD calculation is probably the least important in the Crab than all other patterns.).
The price is trading nearby 2.24 fib ratio at R 2418 and next Reversal Zone 2483 and 2570 ,
Nifty 50 nose Dive and PRZ in Daily ChartThis is a longterm analysis which is on the basis of the harmonic study.
As per this study, 14750 will be the strongest resistance as of now.
The parallel channel is showing the dynamic resistance of the index.
As per the pattern, it has clearly shown the Price reversal Zone will be near 7250. All the stats are as per the EOD basis.
In another way, this chart is the prediction of the upcoming economic situations in the global and India economy.
We can track the present scenario and understand the movement. Request you all to comment on the discussion...
BTCUSD Corrective harmonic wave BTCUSD is in the built of a "Harmonic Deep Crab Pattern".
It seems the demand and supply of the asset have been in a very volatile zone.
If the asset breaks 30500 then the probability of the price to reach PRZ will be very high.
Now, this PRZ will work as a supply zone for a short period or create momentum to boost the asset to the given bullish target.
Cipla | Bearish Harmonic pattern =====================================================
⭕ Day Trading opportunity ! 15 min Chart Alert !!! ⭕
--sell below 789.45= or CMP
--Target = 775
--Stop-loss = 794
--Lot Size = 1300
--R:R = 2.81
--Expected Profit = 16,900 ₹ per lot (1.74 % )
--Expected Holding = 1 day only
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⭕ Technical Reasons to trade OR Strategy applied :- ⭕
1) bearish harmonic pattern
2) rejection at top
3) Trade is confirmed with big bearish candle
4) we just need breakdown of support
5) cipla gap is expected to fill soon
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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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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.