【Ultimate Guide to Harmonic Patterns】——Msn Community
Is the market hard to trade? Is the capital evaporating? Is the mindset exploding? Learn (harmonic trading) head-on!!! ------------------------------------ In technical analysis of financial markets, harmonic patterns are a price structure analysis method based on the Fibonacci sequence. These patterns help traders predict future price movements by identifying specific points and proportional relationships on market price charts. Harmonic patterns emphasize the periodicity and symmetry of market prices and provide relatively accurate buy and sell signals. This article will detail four common harmonic patterns: Butterfly Pattern, Bat Pattern, Crab Pattern, and Shark (Gartley) Pattern. Each pattern has its unique structure and Fibonacci retracement and extension ratios. We will focus on analyzing the key points (X, A, B, C, D) of each pattern and the related Fibonacci ratios, especially the values of AC, XD, XB, and BD. These values are key to identifying and confirming harmonic patterns, and understanding them can help traders better grasp market dynamics and make more informed trading decisions.
When performing technical analysis, trend lines are a common technical tool used to depict the direction of price movement and potential support and resistance levels. In an uptrend, prices will continue to make higher highs and lower lows; while in a downtrend, prices will continue to make lower highs and lower lows. When the trend line breaks out, the easiest way to use it is to trade at the trend line. For example, in a downward trend, the price-performance ratio of high positions must be greater than that of low positions. Since it is always suppressed by the downward trend line, the price-performance ratio is the highest when the downward trend line is the shortest, and a breakthrough is a stop loss. On the contrary, in an upward trend, the price is constantly supported by the upward trend line, so the price-performance ratio of going long at the trend line is the highest, and if it falls below the stop loss.
--- Support at 85300, the position is correct, but it didn't drop below and directly rebounded, which does not meet yesterday's expectations.
--- Resistance at 87900, the price has just reached this area, and I have no desire to go long here.
--- Within the range of 87900-90000, there have been many instances of rapid rises and falls recently. If the price recovers, there is a chance it will experience another rapid rise.
The lows are being raised, pay attention to the direction during the day.
--- Range 87900-85300. If 85300 is touched again, I suggest waiting for it to break down before re-entering.
--- Minor support at 86200, several rebounds during the day have been initiated from here. So this point can be used to assess the strength of the rebound.
--- Strong support around 85300-83800.
--- Whenever 87900 is regained, then we can plan for an upward move. The target above is 89800.
Within one day: US stocks fell, A-shares fell, gold fell, the US dollar index fell, and the cryptocurrency market fell...
Oh right, your account balance is also down 0.0
In the past, when there was a rise, any news could skyrocket it. Now, even with three positive news releases in a day, why is it still falling? So hard to guess~!
#ETH The fluctuation is just about being able to go long and short, right?
Yesterday's view: fluctuation, the lower boundary is 3050, and it will rise from here during the day (the entity has not broken the level). Another view is that the upper range of 3155-3175 is the exchange point for support and resistance, and it will be under pressure and retreat here during the day.~
1/ Only when we stand above 3155-3175 can we open up new rebound space. The upper target is 3270.
2/ Continue to pay attention to the support at 3050, it is recommended to enter again after a drop and recovery.
3/ Strong support below is at 2980, and breaking below this level is likely to lead to accelerated pullback. Important!
The weekend market is mainly fluctuating, and there is currently no direction.
1/ The range is 3050-3130, with strong and weak points at 3090.
2/ The bullish structure of Ethereum at the 4-hour level has a breaking point at 2900, but there is strong support at 2980, so I suggest focusing on 2980 first.
3/ The upper range of 3155-3175 is the exchange point for support and resistance; we need to stand above it to formulate a plan for upward movement.
#BTC Liquidity liquidation!\n\nThe evening's 89000 wave has liquidated a large amount of liquidity, but the price has not accelerated downward.\n\n--- The most important support in this market is around 89400, and the price has not shown significant recovery, so we will observe for now.\n\n--- The four-hour boundary of 89700 has been broken.\n\n--- Minor support at 88888.\n\n--- Low long positions can wait for the opportunity at 87700, which is very important.
Yesterday's viewpoint failed on one trade, observing the empty opportunity at 91700, which actually broke through relatively smoothly.
---The small support moved down to 91500. The price above this level is relatively strong.
---The range of 93000-94000 has been pressed many times; to break out a new rising trend in the short term, it must break through here. The upper targets are 95900/98000.
---The rebound goes to 89400/87700, with the latter being very important!
Currently, this segment of the market can be viewed as a fluctuation.
Yesterday's viewpoint, the dividing line at 91700, rose from here in the evening, reaching the target of 94000. Another viewpoint, if 91700 breaks down, it is highly likely to retest 89700, this right-side order is also completed~
---Image one, Batman. Price reached the stage support at 89600, swayed here for a while but no obvious rebound occurred, long positions need to be well-stopped.
---89600 is also the dividing line at the four-hour level, breaking here will further weaken. The target below is 87700, this is very important!
---During the day, pay attention to whether there is an opportunity to touch 91700, breaking through is your stop loss.
---Only by reclaiming 91700 can new rebound targets be set.
#ETH The upgrade was completed at the beginning of this month, but the number of people discussing it is not as many as before. There should be quite a few people who are still unaware of this matter. 0.0
In the past, when I called for trades, I would also layout based on the upgrade narrative, but now I completely don’t want to pay attention to it; it seems to be something that is optional.
Where did the wealth effect of Ethereum go?! I would rather bear the $30 gas fee to FOMO into NFTs than spend $0.30 on gas and do nothing on the chain..