5-0 Pattern
4HR Bullish Divergence at the PCZ of a Bullish Shark MACD Bullish Divergence, Oversold Stochastic, Oversold RSI, and the MFI is rebounding from Oversold territory after hitting a 1.13 PCZ of a 4HR Bullish Shark I will be longing and targeting the 50 percent retrace from high to low and expect to see the AUD potentially continue it's downtrend after hitting the 50% retrace to confirm a potential Bearish 5-0.
(AUD/ USD) Bullish 5-0 Patternthis pattern started off as a Bearish - Shark Pattern but as you can see PA came to the .618 and is now starting to reverse and head the other way. These 5-0 patterns are rare and not often completed as the shark pattern continues in its intended direction. The Shark Pattern was completed with PA reaching the 618 of the pattern but if this candle closes as strong as it is then look for entries.
USD/CAD Bearish Shark PatternSo, here on the dollar Loonie we have a bearish Shark Pattern. We currently have price in a decent area of resistance and both of the oscilators are in an extereme area. the reaction will happen fast. i will probably miss this pattern as the move will probably happen in the london session. Careful of PA making it to the 50 of the pattern it has the potiental of doubling back as a bullish 5-0 pattern.
precision BULLISH 5-0 🚔 confirmed at the .5 pattern completion with reaction through the 382 to the 618. look for potential break back down to price reversal zone and optimal price at the 618 extreme trend. stop below 618 and targets back up at the golden zone retracement and fib extensions for ELON.
BTCUSD: Approaching A Decent Limit AreaThis pair has shown some resilience to the selling pressure that became evident after touching the sub-60k area. The chart contains all the information that serves as a long signal; nonetheless, it is contingent upon a valid price action once the highlighted key area is reached. Better to avoid sending in the limits to the exchanges, but to consider the 46.8k as a limit area for getting into short risk exposure. With PA confirmation, CMP entries are advised.
Staying tuned for further tells.
EURGBP Holdo Harmonic PatternLike and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
Credit: Joseph Petrozza
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 is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.
Best Regards.
SPX is drawing a perfect reversal harmonicThis is a speculative chart at the moment because none of these patterns are complete.
SPX is drawing an ascending broadening wedge and we can expect a break down.
SPX is also drawing a bullish butterfly pattern (78.6% on B, 161+261% on D) at 3480. So we could expect a fall and a bounce on 3480, around the 200 days MA (nice coincidence).
Secondly, a touch on 3480 would trigger a 5-0 pattern, with a dead cat bounce up to 3770, followed by another lower down leg (3000-3200).
This bearish scenario is valid as long as SPX doesnt break above the 20 days MA. And i would not recommend a call as long as it's below the 20 dma, as this MA gives the right direction most of the time.
Harmonic Trading - Bearish SharkThe C-D leg of a bearish shark seems to be forming, presenting an excellent opportunity to long until ~1.4144, at which point one should observe how price responds to the PRZ. Note that the shark often precedes the 5-0 pattern, thus (at least partial) profit should be taken at the 50% C-D retracement, and longs for the 5-0 ideally opened at the 1.0 ABCD (reciprocal) of the B-D legs of the shark pattern.
WE WILL HAVE THE CORRECTION SHAKE OUT COMMINGHey everybody
Today we are seeing an uptrend in BTC and the crypto market BUT don't be to excited.
There are two ways how this will end. The fist one in blue. We had 5 Waves and will finish it of with an ABCD where C touches the 0.702 retracement level and from there a correction down to my VIOLET target. It is a typical move, we had the exact same move in 2017 mid January.
The second option is, that BTC and the Alt's will drop now and reach the VIOLET target.
I hope I could help you Ladies and Gents!
Wish y'all good luck :D
20% discount on Binance:
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USDCHF A Five-0 Harmonic PatternLike 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 is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.
Best Regards.
Top of the World - S&P Bearish 5-0 SetupHarmonics cannot tell lies. If the 0.886 resistance holds, we may just have our view of the top from here.
Bears: 5
Bulls: 0
Pigs: Whipsawed Again
-NeedToConverttoaPermaPredator
SPCFD:SPX
CURRENCYCOM:US500
EURJPY: retest of the resistance?Hi Traders,
This is our view on this cross for the next few days.
#EURJPY
BUY 126.58
SL 126.36
TP 127
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
EURGBP Five-0 SetupSingle target on this trade.
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 is a valid trade.
- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won't help your progress to be a better trader.
- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.
Best Regards.