We may see a spike down during the weekend but despite that we do have an oversold condition while BTC sits at the 1.13/1.618 Pattern Completion Zone of a Bullish Shark Visible on the Weekly and if it plays out we could see it rally up between a 0.382 at the least and a 0.55-0.618 Fibonacci Retracement if the pivot is strong. If BTC wicks down during the weekend...
We have a Potential Right Shoulder at the PCZ of a Bullish Bat with Hidden Bullish Divergence that could take the SPX up to the 1.13 Fib Extension if it plays out.
Active Trade Set up Outperformed the Macro Created the Bullish Bat Harmonic at the 0.886 retracement sprung and backtest of spring (type 2 return) On an old inflation point from history Hidden bullish divergence develops at the PCZ of the harmonic where it just happens to have also created an inverse head and shoulder pattern
We finally had a huge sell down into the PCZ entry of this Gartley with lots of volume behind it; lets see if we can get a bounce and start going up from here again.
We have a spike in volume with the RSI overbought and a bearish engulfing of the terminal bar at this potential PCZ why not give it a shot.
After countless months of upwards momentum OMXSTO:EMBRAC_B is ready for a small pullback. It fell out of the pennant. Looking like a really great buy at the PCZ of the harmonic with targets according to fib levels! Make sure to wait for earnings though before entering as that could destroy this setup! Good luck traders! NOT FINANCIAL ADVICE!
After reaching the targets of a bearish Gartley, the Dow Jones has seen a big ABCD recovery; but it seems that it will be reaching the end of this wave soon and when that happens we will likely see levels around 33,000 again.
RSI will likely be overbought by the time we reach the PCZ i will be preparing to enter my position when it gets there.
We have reached the PCZ of a bearish ABCD on the weekly and have reacted to it and now the RSI is overbought and we may be due for a correction back down to around C.
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...
Quick Scalp for GME at support right here we could see it make extreme retraces back up from here.
The 786 PCZ lines up with weekly support you don't really want it to convincingly go below that lines so stop loss is easy.
We should be reaching the PCZ of a bullish ba pattern very soon. You could either wait for us to hit it or enter now as we are very close and don't get a big harmonic like this very often, Stop below X and TP at the 0.618 retrace.
As expected, the butterfly went to the extended PCZ rather then the traditional PRZ Expecting buyers to do their thing considering the strong support anticipated by a PCZ Happy trading folks
Good evening, Last Post on Btc was in Log scale. This is in Linear. I talked about two ideas for Bitcoin. This is one of them. The "Bearish Bat" idea. Wave C could extend us down to the 6820ish support or slightly below before rallying onto higher prices. We'd be looking for that Confirmed daily bullish divergence. Join us for only $15 a month, $75 for 6 months...
Good afternoon, I originally had this posted in private, but decided to repost in public. Entry: .786 ($6.18) to low probability of reaching the 1.618 ($5.36). Exit: Common Retrace zone between ($10.45-$13.33) and you may save some to aim for the fences inside the deep retrace zone between ($15.45-$16.69) or aim for A/C Stop: Depends on how much you're willing to...
BLK Potential Bearish Gartley in play here. Risk/Reward Ratio set up. X-B didn't quite hit the .618 but it is fairly close which is why I am show casing this as a potential pattern. You may be bearishly diverging on the daily as well! Twitter: twitter.com If you want to be a loving supporter of me and my "ChArtworks" $BTC:...
Everyone hates to see downward price action, but we are showing 4 hour bearish convergence, although you are not showing separate islands, so it isn't the strongest. But you are in the makes of a potential Bullish Bat. It is better depicted on other exchanges, especially Gate.io. But, it is still valid so far on Binance. I am currently short on this asset and am...