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Harmonic Patterns

Miladasamaei //@version=5 indicator("Custom Crypto Trading Indicator", overlay=true) // Input parameters entryRange1 = input.float(1.0, title="Entry Range 1 (%)") entryRange2 = input.float(2.0, title="Entry Range 2 (%)") takeProfit1 = input.float(1.0, title="Take Profit 1 (%)") takeProfit2 = input.float(2.0, title="Take Profit 2 (%)") takeProfit3 = input.float(3.0, title="Take Profit 3 (%)") takeProfit4 = input.float(4.0, title="Take Profit 4 (%)") takeProfit5 = input.float(5.0, title="Take Profit 5 (%)") stopLoss = input.float(1.0, title="Stop Loss (%)") leverage = input.float(2.0, title="Leverage") // Calculate entry levels entryLevel1 = close * (1 - entryRange1 / 100) entryLevel2 = close * (1 - entryRange2 / 100) // Calculate take profit levels takeProfitLevel1 = close * (1 + takeProfit1 / 100) takeProfitLevel2 = close * (1 + takeProfit2 / 100) takeProfitLevel3 = close * (1 + takeProfit3 / 100) takeProfitLevel4 = close * (1 + takeProfit4 / 100) takeProfitLevel5 = close * (1 + takeProfit5 / 100) // Calculate stop loss level stopLossLevel = close * (1 - stopLoss / 100) // Plot entry levels plot(entryLevel1, color=color.blue, linewidth=2, title="Entry Level 1") plot(entryLevel2, color=color.red, linewidth=2, title="Entry Level 2") // Plot take profit levels plot(takeProfitLevel1, color=color.green, linewidth=2, title="Take Profit 1") plot(takeProfitLevel2, color=color.green, linewidth=2, title="Take Profit 2") plot(takeProfitLevel3, color=color.green, linewidth=2, title="Take Profit 3") plot(takeProfitLevel4, color=color.green, linewidth=2, title="Take Profit 4") plot(takeProfitLevel5, color=color.green, linewidth=2, title="Take Profit 5") // Plot stop loss level plot(stopLossLevel, color=color.orange, linewidth=2, title="Stop Loss") // Display leverage label.new(x=bar_index, y=high, text="Leverage: " + str.tostring(leverage), color=color.white, textcolor=color.black, style=label.style_label_down) // Alert conditions alertcondition(close <= entryLevel1, title="Entry Level 1 Reached", message="Entry Level 1 Reached") alertcondition(close <= entryLevel2, title="Entry Level 2 Reached", message="Entry Level 2 Reached") alertcondition(close >= takeProfitLevel1, title="Take Profit 1 Reached", message="Take Profit 1 Reached") alertcondition(close >= takeProfitLevel2, title="Take Profit 2 Reached", message="Take Profit 2 Reached") alertcondition(close >= takeProfitLevel3, title="Take Profit 3 Reached", message="Take Profit 3 Reached") alertcondition(close >= takeProfitLevel4, title="Take Profit 4 Reached", message="Take Profit 4 Reached") alertcondition(close >= takeProfitLevel5, title="Take Profit 5 Reached", message="Take Profit 5 Reached") alertcondition(close <= stopLossLevel, title="Stop Loss Reached", message="Stop Loss Reached")
by milads67
Chart : GBP/USDHarmonic Analysis: The GBP/USD chart shows a potential "AB=CD" or "Gartley Pattern" structure. There are clear harmonic movements forming an upward trend. The green line pointing upward indicates the completion of the D point, where we might expect GBP/USD to rise further after the "CD" leg completes. Opportunities and Risks: Opportunity: If GBP/USD bounces off the lower trendline (support) and completes the CD leg, a new bullish move could follow. Risk: If the price breaks below the D level or the channel, the harmonic structure could fail, leading to further downside. Recommendation: Wait for the completion of the CD leg (around 1.2350 or near the support line). This would provide a good entry point for a potential bullish move as the D point acts as a reversal zone.
Long
by professionalgoldtrader
ETHUSDT START AGAINIf you follow my ideas, you know they are intended for more than just one day—typically lasting at least a week. Sometimes the price may hit the targets in a single day, while other times it may take longer. Anyway, this is another analysis using price action, curves, and triangles—just that! Please pay attention to the danger zone and set your stop loss. If the price breaks the stop loss, the idea will be considered invalid. Here are my other ideas:
COINBASE:ETHUSDLong
by TheMandalor
FWOGUSDT: Approaching the Turning Point – What’s Next?FWOGUSDT is trading at $0.12006, hovering just above its absolute low of $0.11783, established only hours ago. This marks a staggering -84.6% retreat from its absolute high of $0.78189, reached just 72 days prior​. With RSI14 dipping to 29.42, the asset is entering oversold territory, raising the stakes for a potential reversal or a continuation of the bearish trend​. A surge in sell volume, as confirmed by recent VSA patterns, highlights increasing market activity amidst uncertainty​​. The asset is also testing critical resistance at $0.13946 while struggling to break above the 50-day moving average of $0.15193, emphasizing the importance of this consolidation phase​. Is the market setting the stage for a bullish rebound or bracing for deeper lows? With macroeconomic factors such as volatile liquidity conditions and heightened market sentiment, the next move could offer opportunities for both traders eyeing quick scalps and investors seeking long-term positioning. The big question remains: Are you ready to seize the moment, or will this opportunity pass you by? Stay tuned as we dive deeper into the technicals and strategies for this critical juncture. Roadmap: Tracing FWOGUSDT’s Path Through Pattern Dynamics FWOGUSDT has had a whirlwind of activity in recent trading sessions, as highlighted by a sequence of critical patterns. Below, we’ve broken down the roadmap of these patterns in order of their emergence, filtering only the ones that delivered accurate directional moves based on the previous pattern’s main direction. Pattern 1: Increased Sell Volumes (Jan 21, 18:00 UTC) The market initiated a significant sell wave, closing at $0.21192 after an open of $0.22732, marking a notable drop. The main direction was clearly bearish, and this pattern laid the groundwork for subsequent sell-offs. Pattern 2: Buy Volumes Takeover (Jan 23, 20:00 UTC) Despite a brief bullish attempt that pushed the price to a high of $0.16481, the market turned back to bearish territory, aligning with the previous sell-off. This confirms the direction set earlier, showing the strength of sellers. Pattern 3: VSA Buy Pattern Extra 1st (Jan 25, 00:00 UTC) Here, the market attempted a reversal, with a closing price of $0.12599 and a high of $0.13648. While buyers showed strength, the follow-through failed as the price closed lower in subsequent sessions. This indicates the struggle of bulls to reclaim control. Pattern 4: Increased Sell Volumes (Jan 25, 02:00 UTC) The most recent sell-off, aligning perfectly with the earlier bearish direction, confirms the dominance of sellers. With a low of $0.11783, FWOGUSDT reached its absolute bottom. This marks a critical juncture for traders. Key Takeaways The bearish trends dominated, with multiple sell patterns confirming the overall downtrend. Bullish patterns showed potential but failed to break critical resistance, indicating weak momentum. The most recent bearish breakout to $0.11783 highlights the market’s vulnerability at these levels. What’s Next? Investors and traders should watch for sustained price action at critical support zones. Will the bulls finally stage a comeback, or is more downside ahead? Follow the roadmap to stay in tune with the market's rhythm! Technical & Price Action Analysis: Key Support and Resistance Levels When it comes to navigating the FWOGUSDT price action, the key levels below are your bread and butter. Let’s break it down: Support Levels These zones are where buyers are likely to step in. If the market doesn’t respect these, expect them to flip into resistance faster than you can blink: $0.11783 – This is the absolute low. If broken, we’re diving into uncharted waters. $0.29444 – A strong psychological area to watch if prices stage a rally from current levels. Resistance Levels Here’s where sellers are holding their ground. Break these, and the bulls might just get the upper hand: $0.13946 – The first line of fire for any upward push. $0.19064 – A significant hurdle for medium-term bulls. $0.23757 – Beyond here, the market might just start cooking. $0.25695 – The final boss level for this structure. Powerful Support Levels These are your safety nets if the market wobbles. But if they give way, you’re looking at resistance zones in the making: $0.29444 – Not just a level, but a fortress for the bulls to defend. Powerful Resistance Levels While none were detected in this cycle, keep an eye on the levels above as potential magnets for price. Pro Tip: If these levels don’t play out, the market could be flipping the script, turning support into resistance or resistance into support. Keep your eyes peeled and trade smart! Trading Strategies Using Rays: Optimistic and Pessimistic Scenarios The "Rays from the Beginning of Movement" concept provides traders with dynamic levels derived from Fibonacci principles. These rays form a predictive framework, guiding price action from one ray to the next. Interactions between rays and moving averages (MAs) further confirm key market zones. Let’s dive into the strategy. Concept Overview Rays and Fibonacci: Rays are constructed at precise angles that correlate with the start of a trend. Dynamic Levels: The rays adjust to new patterns, providing an updated roadmap for price movement. Key Interaction Points: Trade entries are based on price reactions to rays, confirmed by interaction with MAs. Directional Flow: Price moves from one ray to the next, making each ray a potential trade target. Scenarios and Strategies Optimistic Scenario This assumes the price successfully interacts with a ray, confirming bullish momentum. Initial Entry Point: Interaction at support ray near $0.11783 (absolute low). First Target: $0.13946 (next ray and first resistance level). Second Target: $0.19064 (medium-term ray resistance). Confirmation Tools: Price above MA50 ($0.15193) signals upward momentum. Pessimistic Scenario In this scenario, the price interacts with a resistance ray and begins to reverse, confirming bearish sentiment. Initial Entry Point: Rejection at resistance ray near $0.13946. First Target: $0.11783 (absolute low and ray support). Second Target: $0.29444 (long-term powerful support zone, now acting as resistance). Confirmation Tools: Price below MA50 ($0.15193) reinforces a downward trend. Suggested Trades Bullish Trade Idea : Enter long at $0.11783 after confirmation of ray support and MA interaction. First target $0.13946, with stop-loss below $0.11700. Bearish Trade Idea : Enter short at $0.13946 upon rejection. First target $0.11783, with stop-loss above $0.14000. Scalp Trade Idea : Trade between $0.13946 and $0.19064 for quick profits within the ray structure, confirming movement via the MA50. Final Thoughts Dynamic rays and MAs act as a dual system for identifying actionable trades. Always enter after a confirmed interaction and let the price move between rays for optimal profit opportunities. Adapt to new ray formations and keep an eye on volume surges for added confirmation. This strategy offers precision for both cautious and aggressive traders. Your Feedback and Ideas Matter! Hey traders, thanks for taking the time to explore this analysis! If you’ve got questions or ideas, don’t hesitate—drop them in the comments. I love seeing your thoughts and will do my best to respond to everyone. If this idea resonates with you, hit Boost and save it to your favorites so you can revisit it later and track how the price moves along my levels. This is the cornerstone of successful trading—understanding the points where trades can be made with confidence. For those curious about my indicator-strategy, it automatically plots all the rays and levels, simplifying your analysis. While it’s available privately, feel free to DM me if you’re interested in using it—I’m happy to share details. Need a custom analysis for your favorite asset? Let me know in the comments! I’m open to doing some for free and posting them here, or working on something private if you’d prefer to keep your ideas exclusive. The rays work on any asset, and I can craft a personalized layout just for you. And of course, if you’d like to see more of my work, follow me here on TradingView. This is where I post all my articles and strategies, so don’t miss out! Trade smart, stay curious, and let’s keep the conversation going! 💬📊
BYBIT:FWOGUSDT.PLong
by brandlabelden