【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.
#ETH is unexpectedly strong, but I suspect it hasn't dropped yet~
Ethereum is currently still in a wide-ranging fluctuation market, just in a weak area.
1/ The lower support is at 3055, and once broken, there will be space.
2/ The lower support worth paying attention to is around 2915-2875, where there is a potential support-resistance exchange.
3/ If it goes further down, that kind of strong support at the daily level will be far away, and then it will be the Double Eleven shopping festival! I will definitely call for Ethereum~
4/ Pay attention to the daily position at 3280; only if it stays above, the bulls will have a chance!
A few days ago, I shorted at 105300, and early this morning, it broke the trend line and shorted again, both trades were significantly profitable. Yet, I sold too early~
--- The price has clearly broken through the support around 98000, and the downward space has been opened up!
--- The target below is in the range of 93500-91500, where a temporary rebound may occur. This area can be used for the first increase in spot positions.
--- On the daily level, one should pay attention to 100700, but it has dropped too sharply and is a bit far away... Regarding the behavior of stopping the drop, we can talk about it later; it is very weak right now!
--- Try not to long on the left side; high short still remains your first choice. Pay attention to the support and resistance exchange position around 98000.
Jiuyang recently launched a new beverage called 'Haqimin North and South Mung Bean', which has become a hot topic on Douyin (I've seen it), and Jiuyang's stock price hit the ceiling today, reaching the highest in half a year!
Meanwhile, the meme coin on Binance Alpha with the number #哈基米 also followed closely, nearly doubling in value within a day!
Stocks and coins are family, and the real 'real world asset' is that simple and straightforward!
Seize the online hot topics, everything is a narrative~🤙
The viewpoint from the day before, I actually did not crash~ 101444 is the target below, the price has shown a significant rebound and reached the downward trend line (104000).
--- Wait for the lower track in the chart to break before making plans to go down. I suggest mainly short positions, as the support around 98500-99500 is quite crucial.
--- Wait for the price to close above 104000 before making plans to go up.
#ETH Weak, but not completely weakening. Isn't this a debate between left and right brain?
Yesterday's view, after the ascending trend line was broken, it wouldn't completely weaken. Pay attention to the support at 3365. You can see that now, right?
1/ The price has rebounded nearly 200 dollars. I don't know if you all took profits. There is a descending trend line above, and taking profits is a must-do.
2/ The rebound high is continuously decreasing. Although you can continue to pay attention to the support situation at 3365 in the future, when the price reaches there again, I suggest waiting for a false break and then entering the market.
3/ After confirming the break below 3365, we can look downwards. The target below is 3195/3055.
If everyone usually has trading needs but doesn't have time to monitor the market or find coins, I suggest you train an AI yourself~
ChatGPT, DeepSeek, Grok, Qwen, etc. can all be used, mainly you need to adjust it to be able to receive all your commands. (Some AIs only look at the previous context, not the following context, which doesn't work.)
Currently, my AI has reached the practical testing stage, let's run it for ten days to half a month and see how it goes~
With two consecutive low points, the upward trend line indicates that the price is above the upward trend line, which suggests a strong market. (Previously unnoticed)
1/ Pay more attention to Ethereum's strong resistance around 3650-3670; a breakthrough could lead to levels near 3800.
2/ A break below the upward trend line does not necessarily indicate a complete weakening! A weakening requires a drop below 3365.
The highs and lows are continuously rising, and there is currently no significant risk of a major pullback, which can be considered a safe period.
The position at 102400 has only been under pressure twice on weekends, serving as a minuscule support and resistance exchange level. As a result, it has become the starting point for the rise...
--- In this round of rebound, pay attention to two areas of resistance. First is 105300-105500, which is both the opening price of a strong supply level on the four-hour chart and the Fibonacci 61.8% rebound level.
--- Secondly, there's the frequently mentioned 106500. A breakthrough here is necessary for new space.
--- So what else is there to say? 102400 has formed a new support; breaking below it poses a risk of damaging the bullish structure.
Strong in that it doesn't drop much, weak in that it doesn't rise much.
1/ High position fluctuations, range 3500-3650.
2/ 3500-3480 is a support and resistance exchange level; if the price is above this level, we can expect a relatively strong fluctuation. If the price breaks below, a pullback risk will emerge.
3/ A breakthrough at 3650-3670 is needed for the next increase. The upper target is 3800, which is also a position I pay close attention to.
#BTC usdt market share has reached the support of 5.15% and has rebounded!
Meanwhile, the bullish structure of Bitcoin has not been broken. How should we view the upcoming market?
---USDT market share touching support and rebounding is one of the potential triggers for a major market pullback, so it should not be underestimated.
---The support and resistance exchange level is 104000, and the price is above this level, which still allows for opportunities for a rise (or high-level fluctuations).
---After breaking through 104000, it will be necessary to find a new starting point, and the rebound can be waited for at 101444.
---Actually, the short position at 106500 yesterday was quite regrettable; the first drop did not reach my target of 104000, but it has reached it now. If still held, be prepared to take the first profit!
Entering a consolidation adjustment, waiting for the breakout direction.
1/ On a smaller scale, using 3560 as support, with the price above this level, I believe the possibility of accumulating energy is greater.
2/ 3670 is the left side's support and resistance exchange point, and after breaking through, it will strengthen significantly.
3/ After breaking through 3670, pay more attention to the 3800 level. This is the left side's small neck line + 61.8% retracement position.
Although the magnitude of this rebound is quite good, my view on going short has not changed for now. The downward trend line has broken through, but it’s just the first stroke of “八”, the second stroke hasn’t been drawn yet~