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Harmonic Patterns

Crude Oil: Testing Resistance Amid Bearish MomentumCrude Oil Update (1-Hour Timeframe) Chart Overview: Crude Oil is trading within a downward channel, respecting the resistance trendline, which aligns with the 50 EMA, signaling sustained bearish momentum. The price attempted a breakout but faced rejection at the resistance, confirming the downtrend. The support zone near 6,420 has held well but remains under pressure. Key Levels: Resistance: 6550 - 6570 Support: 6420 - 6400 Bearish Target: 6350 - 6300 (if support breaks) Strategy: Monitor for a breakout or rejection at the trendline for directional confirmation. A move below 6,420 signals further downside, while a breakout above 6,550 may reverse the trend. Risk Management: Maintain a stop-loss below the triangle's lower boundary for long positions and above the upper boundary for short positions. Disclaimer: This technical analysis is for informational purposes only and does not constitute financial advice. Always trade responsibly and manage your risks effectively.
MCX:CRUDEOIL1!Short
by Shalvisharma5
AMD is in Down Trend, Wait for a lower high to form and buy Trade plan is buy once it makes lower high or else buy around 93-98 area if it takes support there. targets are 150 and 200 Bullish Idications: Marubuzu candle Divergence of RSI Last Downdtrend Reversed from 221 Trading Days (current cycle completed 217 Days) Took support at 0.78% of Fib Level Support level at 112-115 respected. Bearish Indications: Making Lower Lows Trend Line Resistance Last 10 years 6 times january was negative. Strong Support at 93-98 area.
NASDAQ:AMDLong
by saifullah555
XAUUSD is on correction XAUUSD As we announced in our previous commentary, if price stays above the key level of $2748-50 support area, the next target could be $2790 or even record highs. What scenarios do we have? As market breaks the previous low and consolidates above the support area, which gives the buying indication towards 2800 ATH. At moment gold didn't gives any candles which shows that buying are limited, if market moves towrds ATH wait for the rejection and take sell trade on weekly closing. On the other hand, market has to respect the previous support 2763 which didn’t retest yet, although 2770 also consider tough challenge
FOREXCOM:XAUUSDShort
by Forexmaestro121
GOLD SETUP IS READY TO FLY MUST READ THE CAPTION WRITTEN BELOW This chart represents a technical analysis setup for gold (XAU/USD) on a 2-hour timeframe. Here's a detailed breakdown of the chart: 1. Key Price Levels: Current Price: The price is around 2,739.88, as indicated by the blue marker. Stop Loss (Red Line): Placed at 2,720.00, this is the risk level where the trade will exit to minimize losses if the price falls below this level. Take Entry (Green Line): Suggested entry point for a buy trade, placed at around 2,730.00. Target 1 and Target 2 (Green Lines): Indicate the profit-taking levels: Target 1: Approximately 2,750.00. Target 2: Approximately 2,760.00. 2. Trade Setup: The yellow arrow shows a potential bullish movement in price, starting from the entry point and reaching the defined targets. Risk Management: The stop-loss level is placed below the entry level to limit potential losses. Profit Zones: Two profit levels (Target 1 and Target 2) are defined for traders to lock in gains at different stages of the upward trend. 3. Market Sentiment: The chart suggests a bullish outlook, indicating that the trader expects gold's price to increase after breaking above the entry level. The upward momentum is emphasized by the zigzag price movement, representing potential market pullbacks and continuations. This setup is aimed at traders who anticipate a breakout or continuation of gold's bullish trend, focusing on calculated entry and exit points to maximize profits while managing risk effectively.
CAPITALCOM:GOLDShort
by Forex_Vip_Signals