Black Friday saleUp to 70% OFF

Harmonic Patterns

TRRRAAAAAP !!!This is how the market traps retail traders. Most professional traders are looking for this kind of trap to get into a trade, again experience is a prominent requirement to spot this and save yourself from the same. Any sudden momentum looks way juicy and lurking to retail trades as it is profitable in real as well but most of them ended up losing money. Keep looking for such traps and save yourself from the same. Happy Trading :) Here is the screenshot of the same trap in 5 mins chart: Chart 1: Chart 2:https://www.tradingview.com/x/tpEXoRlj/
NSE:BANKNIFTYEducation
by Umang_Sharma
6
ETH USD Harmonic Shark Price reversalEtheruum is on the move of price reversal. It has already made a high of $1439 and the projected between 1.13 to 1.618 Fibonacci level of XA. Now this pattern is creating a typical Harmonic Shark Pattern. Which is a bullish reversal in deep. We can expect a PRZ between $640 to $ 607. SO there might be the downfall of around $1200 estimated but this is the most compact zone of reversal which can be estimated from the calculation of different reference points but the downfall may touch 443 level also as per the reference points, chances are less. Though this is a bullish reversal so the targets are given with the dotted levels. This calculation is totally my viewpoint. Please trade according to your thought process.
BITFINEX:ETHUSDEducation
by absu21
Nifty: AnalysisI am learning this new harmonic pattern and found it working perfectly for nifty analysis. . There are several PRZ zones that nifty have shown minor correction. Levels are: 1) 0.886 - 11830.00 2) 1.132 - 12900.00 3) 1.272 - 13600.00 Now according to my analysis, it has stretched to higher levels. Slowly the pace of nifty is also falling indicating a pattern for a retracement soon. I am expecting retracement of about 40-50% in weekly levels and this will start near about the end of December. . Please correct me if I'm wrong. I am still learning and this is new to me.
NSE:NIFTYEducation
by Umang_Sharma
BANK NIFTY ASCENDING CHANNEL FORMATION SPOTTED BANK NIFTY ASCENDING CHAANNEL FORMATION SPOTTED Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose. Dear all Pls provide likes for my ideas as it will help me in giving more accurate things and it really boosts and motivates for provide more work in right direction . Also pls provide any suggestions if you don’t like my idea I am open for my criticism also.
NSE:BANKNIFTYEducation
by Ashhish-Chhabra
Perfect illustartion of Bat Pattern.The Bat Pattern, is a precise harmonic pattern™ discovered by Scott Carney in 2001 The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg . The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 1.27 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
NSE:BHELEducation
by Trade-Technique
10
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
MCX Gold - Bullish Gartley + Piercing Pattern Candlestick-47550(Last - 49177 / 21:05 Hrs / 4th Dec2020) Bullish Gartley + Piercing candlestick pattern (Bullish Candlestick) - suggest precious metal can start upside trend travel to 52500 (Target 1) & Strictly Above 52500 can travel to 56200+ (Target 2) - Stops below 47550 The piercing pattern is a two-day candle pattern that implies a potential reversal from a downward trend to an upward trend. Three characteristics of this pattern include 1. Downward trend before the pattern, 2. Gap down after the first day, and 3. Strong reversal as the second candle in the pattern. Should cross 50% of previous downside candle -------------------------------------------------------------------------------------------------------------------------- Thanks
MCX:GOLD1!Education
by WaveTalks
4
Perfection! Perfection! Perfection!New traders often train their eyes to find a perfect pattern, in this process they often miss the trades. This fact goes with all the patterns and not only head and shoulder. So we never find good perfect patterns? We do find often. But you do not have to focus on finding a perfect pattern, you have to focus more on risk management and winning ratio. Once you practice enough you would see patterns everywhere and in fact you won't even need to trade all those pattern. You could filter those pattern as per your need and situations. Be on the reality side and not on the expectation side. Happy trading!
NSE:NIFTYEducation
by yogi_sharma_elliottician
8
JSWSTEL, Real-Time illustration of complete ElliottWave-Cycle!For the ElliottWave-Cycle, kind of behavior appears in two different forms on a market chart: The impulsive move The corrective move. Motive Cycle: The impulsive waves can occur both in an uptrend and a downtrend . Impulse Elliot wave theory summary; It takes the form of 5+3 wave = 8 Wave patterns. It has the three waves 1, 3, 5 moving in the direction of the trend, the motive waves, and two waves 2 and 4 which move against the trend. Waves 1, 3, 5 can further be divided into five smaller wave s each while 2 and 4 into 3’s. Corrective Wave Cycle: The corrective wave comprises 3 waves moving in the opposite direction of the initial trend. Corrective patterns Elliot wave theory summary; This wave pattern can never move beyond the origin of the previous impulse wave. The letters a, b, c are used to label these waves respectively. =================RULES====================== The 3 main Elliot wave rule s trading Elliot wave. Wave 2 never retraces 100% of wave 1 Elliot Wave 3 is never the shortest wave in a completed 5 wave sequence. Wave 4 cannot retrace into wave 1
NSE:JSWSTEELEducation
by Trade-Technique
4