It has activated a Bullish Harmonic Deep Crab. It could bounce back to 835/875 as long as it does not breach 785
High probability trade to 2.618 Fibonacci level should see some selling at that level. Buy the dip will continue without market volatility. Good luck traders and always manage positions.
ONE, Harmony, 4h: out of the sands of this bullish deep crab emerges a triple bottom with bullish convergence. Brick wall at 13.5 cents with MACD flippin green and RSI keeping bullish control zone. The overhead Fibs can be extended to 2, 2.618, 3, 3.618 & 7. This is trading 101. Enjoy! leave a comment if you feel so inclined.
It may draw a Bullish Crab which may end around 1763 . After completing the Bullish Crab the target price should be 1794 and above which is the target of Double Bottom and or the Inverse Head and Shoulder of the right most leg of Double Bottom.
This is about 40% return if it hits this upper target.
Ether needs a major correction and the bearish deep crab we see here could just be the medicine needed. Selling at this point may prove fatal but the rewards could also be fruitful.
This is an update to a previous chart of intel where i took 10 months of price action and called a diamond bottom. Now in this new edition i am adding a Rising Wedge along with the bearish crossing of the MACD. Will price action continue to so smoothly follow the rules of the patterns on Intel? We Shall see.. I believe that a reasonable target for a breakdown of...
Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck NOTES: - All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol. - We never trade just because the price reaches the trading zone. This also means that not every idea...
We have bullish Divergence on both the MACD and RSI at oversold levels at the PCZ of a Bullish Deep Crab. Stop Below 1.10 Take profit target: b2 $2.00 and beyond.
A short analysis here of GRWG . We can see the formation of quite a bit of bullish activity- developing since Feb 2021 and earlier. The targets here are a result of multiple bullish harmonic patterns- culminating to create this deep bearish crab pattern. If the pattern completes we shall see quite a bit on gains about 40% as of the publishing of this analysis. Id...
A while ago i uploaded a Monthly logscale Parallel Channel chart that showed that it reached the top. Today i am here to update the plotting of that channel and to provide a secondary more immediate view of price action on a lower Timeframe (The Daily) in the form of a rising wedge at the PCZ of a Bearish Deep Crab pattern as we're at the potential reversal point...
Nested Harmonics. AB=CD inside, Crab larger Harmonic ----------------- My trade ideas are just that, ideas...and 100% free. DO YOUR OWN DD! My trade ideas are not an endorsement of any company or product. I will sometimes incorporate news or other info that may be a catalyst for expected price action, but it is only a catalyst. I consider all of my trade ideas...
The candle has broken and closes above the bearish channel on its daily chart, it shows a potential change of trend, on top of that the Bullish Bat Pattern is about to form up. I will wait for candlestick confirmation at 1.2518 for a trend reversal trade.
If you are a Harmonic Pattern Trader, allow me to ask you 1 question. Why is this trade setup not a Gartley Pattern, not a Deep Gartley Pattern but if it forms up it will be a Crab Pattern? It is easy for one to read up and claim proficiency in the area, but what's more important is that you are able to identify the difference and avoid unnecessary losses. The...
EURUSD on the daily chart shows a bearish trend, but on the 4-hourly and 1-hourly chart is on a bullish trend. This could mean that the lower-time frame shows a potential of change of trend or it is merely a retracement within the bigger bearish trend. What should you do then? Trade what you see, or don't engage the trade if you aren't comfortable. As for me,...
Hi every one LITECOIN / TETHERUS last time we talked about LTC/USDT the price was in an ascending channel and was in an ascending triangle as well which the break out has happened for it! and now if we use the harmonic pattern like crab pattern we can understand that the price can increase even further! the AB movement is completed and the CD movement is about to...
RSI overbought at the PCZ of a Bearish Crab; this could signal a bearish reversal.