Hello and welcome to this analysis SRF in the daily time frame has activated a Bullish Harmonic 5-0 pattern Short term upside targets 2475/2525 with 2335 as stop loss Medium term upside target 3200 with 2300 as stop loss In both short and medium term Risk Reward set up looks good.
We've had a bit of a pullback on TOTAL Crypto Marketcap but we are still well above where we started and are holding 5-0 Harmonic Support. If things go as planned we will continue higher from here and hit the first target of $1.2T and if we break above that, the final target of $1.7T Here is a close up of the Shark and the 5-0 on the 4 Hour Timeframe:
We have a potential Bearish Shark Pattern that is complete at 0.6466; for all trading patterns, a final chart confirmation is required. What matters more to me in this setup is the 5-0Pattern completion. One of the side reasons is that the completion of the Bullish 5-0 Pattern happens within the Buy Zone.
This trading setup is what matters. The 5-0Pattern setup that gives traders who are looking for a buying opportunity to engage the trade.
As you know, the Shark Pattern can move. That makes it the most dangerous harmonic patterns of all, but also the most rewarding ones.
Well, if you guys are aware, I do not usually post an analysis based on M15 timeframe, but this setup is worth watching. The distance between the red and blue line is 43pips, substantial profit between the 2 levels. On the red dotted line, come the completion of the Bearish Shark Pattern and the blue dotted line, Bullish 5-0 Pattern. Candlestick Pattern...
If you ignore the wick we got on the 22nd, we have a near perfect looking Bearish Shark on the 4 Hour with the PCZ lining up with the top of the Daily Range and some 4 Hour RSI Bearish Divergence. I think it could later setup to be a Bullish 5-0 where it would Bullishly Continue up after making a 50%-61.8% Retrace from Low to High.
Apple after reversing at the PCZ of a Bullish SHark May look to Bullishly Underperform in Bearish price Action and Reverse at the 50-61.8% Retrace if it does reverse wwithin this zone then i would expect it to make atleast an Equal High to the Last High and even may expect to see it hit a 1.618 Extension from the Previous High to Low which if the low lands...
Ravencoin sits at the 61.8% Rertrace of a Potential Cup With Handle at the PCZ of a Bullish 5-0 with Hidden Bullish Divergence on the RSI. This isn't my most convicted trade ever but i think it's still worth giving decent a shot to see if Raven Can hold this PCZ level, if it does then we could then see Raven make a 200% Retrace to complete the Measured Move of the pattern.
A few days ago i posted a Bearish Shark with a a target between this trendline and the lower 21k area depending on if BTC would break through the trendline once it got here. However it would seem that BTC is holding up well at this trendline which is also the 50% Retrace of the Bearish Shark and it is now Double Bottoming in this Area on the 2 Hour Chart so i...
EURUSD has a Bearish Shark Pattern, the first target has been reached. Counter-Trend Traders could wait for a counter-trend trading opportunity, like Double Bottom with RSI Divergence to engage the trade. The earliest you can wait for a buying opportunity is at 1.0537. Target1 will be the retest of the Shark Pattern, which is 1.0588.
We have a Potential Right Shoulder forming at what would be the PCZ of a Bullish 5-0 Locally and the PCZ of a More Macro 1.13 Bullish Shark
If you have followed last week's analysis(link at the bottom), you could have caught some profit from the Bearish Shark Pattern setup. It's a bad idea to jump in the trade and take the short trade now because you won't have an edge over the market. Instead, you could wait for the 5-0 Pattern completion for a counter-trend move. The formation can complete as...
RSI is moderately extended and we've had a mad amount of volume come in on that wick test to the PCZ, from the looks of it WTI is setting up for a major reversal.
Last week, we spoke about the EURJPY 5-0 Pattern complete on the Weekly Chart, if you had bought it when the market opened, you would have at least gained 283pips of profit. If you had not done that, the next thing you would probably think of is to engage as soon as you have the opportunity. Well, there is a Potential Bullish Flag setup complete at 127.46,...
A Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level. Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should...
SOL/ETH has a potential ABCD BAMM which looks more likely to playout now that we have a nice looking Bullish 5-0 formation at the highs with a decent amount of Hidden Bullish Divergence. This may lead to us rallying up to and above the B point of our ABCD which by then we should have a clear runup to the D point at the 2.618 Fibonacci extension.
XRP will likely make one more higher high before bearishly reversing.