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Harmonic Patterns

Energy Stock Surge? ENI S.P.A Bullish Breakout IncomingENI S.P.A, a leading global oil company, is currently trading at $14.18 , demonstrating strong bullish momentum on the weekly chart. Our proprietary W.ARITAs indicator reveals a significant buildup in bullish momentum, suggesting an imminent breakout from the well-defined inverted head and shoulders pattern . This pattern, widely recognized as a reversal signal, aligns with ENI’s recent strategic moves, including its expansion in Alaska and increased shareholder rewards through a $2 billion share buyback . These developments underscore the company’s robust financial health and its commitment to growth and investor value, which are likely to fuel further stock appreciation. Key Technical Levels: Order Box (OB) Target 1: $18.05 - $19.62 Order Box (OB) Target 2: $23.18 - $24.29 Given the current bullish setup, these targets reflect potential zones for profit-taking, with the first Order Box (OB Target 1) offering a conservative target range and OB Target 2 representing an extended bullish goal. With supportive corporate actions and technical strength, ENI is well-positioned for growth, making it a compelling opportunity for investors seeking exposure in the energy sector. Keep an eye on the weekly close to confirm the breakout from the inverted head and shoulders pattern for confirmation of further upside potential. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Investing in stocks involves risk, and past performance does not guarantee future results. Please consult a financial advisor to assess your individual risk tolerance and objectives before making any investment decisions.
GETTEX:ENILong
by insidermike
Bitcoin standard in progress..This idea is more of a message than an investment speculation. And a reset of my previous ideas with shitcoins reminding me of where I was. We need to learn from the past and put it behind us, looking to the future because our actions affect our future, not our past. Much has changed since my first experience with cryptocurrencies (early 18). Yes, it usually starts with cryptocurrencies, rarely bitcoin only. And when bitcoin only, few can resist the lure of shitcoiners, the potential profit. In short, I don't think a bitcoin maxis can grow without proof-of-work, without cutting through the jungle of scammers. But if the individual in question is a thoughtful creature and occasionally examines the arguments for/against, why yes/no, and is not lazy to verify the arguments in question, to read something, they will come to the inevitable conclusion, that's my opinion. My opinion is that we are very lucky that bitcoin was created, we have the hope of freedom, versus the inevitable inflationary, monetary and tax bullying, surveillance by the state. We are fortunate that it came into existence as it did - naturally, anonymously. That is unrepeatable in this day and age. That alone is a bulletproof foundation and a guarantee of my peaceful sleep. I could list dozens more. But I won't prolong it. Thanks for bitcoin , for the hope of a better future. Always and forever bullish , there is no ceiling. Dips are discounts, that's all. Volatility is a feature, not a flaw. Welcome volatility , learn to work with it. It's a game for the long term. Forget fiat profits, only increase the stack of bitcoins owned. Use HW wallets for your savings! Once the bull market hits, it's time to reward yourself, enjoy life, send some of that bitcoin back out into the world for some fine goods, services. Bitcoin is money that makes sense to save in. Simple. Satoshi thank you!
COINBASE:BTCUSDLong
by liborbtc
The most accurate gold trading strategyTechnical analysis of gold: At present, the current round of gold decline has not ended. It is just that the decline from the historical high to today's early trading has reached nearly 150 US dollars. In the short term, it takes time to change the short rebound correction. After the correction is completed, the decline will start again. Yesterday, the international gold price fell from 2749 to around 2650, and the intraday decline reached 100 US dollars, which perfectly replicated the market situation in the last election in 2020. If this pattern can continue, theoretically, after the next two days of rebound, there will be at least 100 US dollars of room for decline. Judging from the structure after the closing, the daily adjustment has continued, and it has triggered the formation of the evening star pattern on the weekly line. Once the weekly adjustment is also launched, the downward space and time will be extended. In the long run, 1-2 months is possible, and in the short run, it will take at least 3-4 weeks. In terms of space, if the rising band since the 2286 starting point retraces the 38.2% Fibonacci level, it should be around 2600. Below, we still focus on the 2620/2600 area. If 2600 breaks again in the later period, it will continue to fall to the next target of 2530. However, whether 2600 breaks through the 2620/2600 area or not, there will be a big wave of repeated market movements.
OANDA:XAUUSDShort
by btxebtxe
SAGA Project Overview: BIG WHALE PLAY INCOMINGSAGA Project Overview Recent Price Action SAGA has faced a prolonged downtrend, breaking multiple support levels and hitting multi-month lows. Many investors, including our community members, hold SAGA tokens received from multiple airdrops, which are essentially "free" tokens but are currently undervalued. Fundamental Developments Indie Autumn: SAGA launched "Indie Autumn," a fall showcase focusing on indie talent within the gaming industry, using its proprietary Chainlet technology. Vault Six Claims: Vault Six has recorded over 95,000 claims across different loyalty levels, showing active community participation and engagement. Partnerships dKloud Collaboration: SAGA’s partnership with dKloud aims to improve web3 scalability. This collaboration integrates dKloud’s deployment tools with SAGA’s Chainlets to facilitate the launch of application-specific blockchains. Announcements Vault Six Rewards: The distribution of Vault Six Saga tokens has begun, with further details available on Discord. SAGA also introduced Accident Forgiveness for users who missed a staking round, allowing them to maintain their loyalty status. Vision and Innovations: CEO Becca Liao shared insights into SAGA’s vision, emphasizing the convergence of AI and crypto within its ecosystem. Additionally, the platform recently announced a new Liquidity Integration Layer (LiL) aimed at removing gas fees to improve user experience. Social Media Engagement Layer AI’s Activity: The team has maintained high engagement with regular tweets and Twitter Spaces, signaling active efforts to build and maintain a strong community. SAGA Tokenomics and Vesting SAGA’s vesting schedule shows no major upcoming unlocks, which is a positive indicator for short-term price stability. This suggests the recent downtrend may be due to market conditions rather than insider selling.
Long
by osodatsismoso
GBP/JPY 144M chart with an analysis of the key levels1. Elliott Wave Analysis and Structure The chart appears to be tracking a complex Elliott Wave pattern with clear labeling of impulse and corrective waves. Wave III and IV are prominent on the chart, indicating that the current movement may be within a broader impulse wave structure, likely aiming towards completing Wave V at higher levels. Wave 1 Invalidation Level at 199.240: This level is crucial as any move below this would invalidate the current wave count, which expects price to rise in Wave V without dipping below Wave 1's territory. 2. Fibonacci Levels and Extensions Key Fibonacci Extensions: 3.618 Extension at 207.390: This is the highest extension marked, suggesting a potential overextended Wave V target. 2.618 Extension at 205.421: This level is marked for a diagonal Wave 5, providing a likely resistance level and a target for a possible reversal. 2.236 Extension at 203.952: Labeled as "Volume Divergence by Wave 5," this level indicates where volume divergence might emerge, signaling weakening momentum and a potential reversal. Retracement Levels: 0.272 (202.172) and 0.382 (201.240): These retracement levels provide support within the corrective structure of Wave IV. They mark areas where price could potentially consolidate before moving higher to complete Wave V. 0.618 (199.240): This level is noted as a critical support level. It also serves as the Wave 1 invalidation point, reinforcing its importance as a support that should hold if the bullish wave count remains valid. 3. Volume Divergence and Inducement Zones Volume Divergence by Wave 5 (at 206.888): Located near a significant Fibonacci extension, this indicates that although price may continue higher, a reduction in volume could hint at a weakening bullish momentum. Inducement Zone (2.618 at 204.375 for Wave 3): This inducement area acts as a potential target for Wave 3, where traders might look for an initial breakout or reaction as it aligns with a higher extension level. Conformation Zone at 2.236 (203.224): Marked as a confirmation area for Wave 1-5, suggesting that this could act as a validation zone for continued bullish movement if price holds above it. 4. Invalidation Levels Wave 2-B Invalidation: An invalidation level is noted around the bottom of the corrective phase, signifying that any drop below this would invalidate the expected bullish move in Wave V. Wave 4 Invalidation: The corrective Wave IV must not extend too low (below the noted retracement levels), or else the structure may shift into a deeper correction rather than maintaining the bullish outlook. 5. Strategic Price Levels Resistance Levels: 206.889: This is noted as the invalidation extension above Wave 5, marking a potential high where price might encounter resistance if this wave structure remains intact. 205.421 (Diagonal Wave 5 Target): As a common extension level, this serves as a natural target for price to complete the wave. Support Levels: 200.500 - 201.240 Range: This range includes retracement levels for Wave IV and is a key support area to maintain the bullish wave count. 199.240: Critical as the must-not-pass level for Wave 1. A breach here would invalidate the wave structure. 6. Channel and Trendline Analysis Ascending Trendline Support: An orange trendline runs diagonally, acting as a support line for the ongoing uptrend. This line aligns with retracement levels, suggesting that if price touches or respects this trendline, it could provide a buying opportunity within the context of the bullish structure. Diagonal Channel in Purple: The price movement within this channel helps in tracking the upward progress of Wave III to Wave V, with each retracement bouncing within the channel limits. 7. Projected Path and Trading Implications Primary Pathway: The chart anticipates that price will reach the 2.618 (204.375) and possibly 3.618 (207.390) extensions for Wave V. A break of these levels with volume divergence would be a signal for potential exhaustion. Wave IV Consolidation: Should Wave IV continue, traders may look to buy on dips near the 0.382 (201.240) or higher as long as the price remains above 199.240. Exit/Profit-Taking Zones: Traders may consider taking profits near 204.375 or 206.888 based on resistance levels, especially if volume divergence becomes apparent. Summary of Key Takeaways Upside Targets: The key upside targets are the 2.236 extension (203.952), 2.618 extension (205.421), and the maximum extension at 207.390. Critical Supports: Supports at 201.240 (0.382 retracement) and 199.240 (Wave 1 invalidation) are key for maintaining the bullish outlook. Volume Divergence: Potential volume divergence near the higher extensions could signal a weakening trend, marking a potential reversal or consolidation phase for GBP/JPY.
Long
by spacedevil
Drill, baby, drill: U.S. Oil & Gas ETFPolitical changes often bring uncertainty to the market, but letting politics dictate your investment strategy is rarely wise. Across the past century, American markets have weathered a wide range of political shifts, from conservative to progressive agendas, yet the long-term trajectory has remained upward. Regardless of who's in office, the fundamentals of investing stay the same: identify and invest in quality businesses with strong growth potential. Many stocks in my portfolio, for example, have the resilience to perform well no matter the administration—be it Trump, Kamala, or anyone else. Rather than reacting to political outcomes, focus on strengthening your own financial position. Prioritize building your income-generating skills, saving, and investing wisely over time. This approach enables you to grow your wealth regardless of the political landscape. Ultimately, you have the most control over your own financial decisions. The U.S. free market system continues to foster innovation and productivity, which drive long-term growth. As long as that system remains, businesses and individuals will find ways to thrive, making steady and thoughtful investing the smartest strategy for your future. Little note before you read the report: This report provides a general overview of the potential impact of the 2024 U.S. election on the Oil & Gas sector. Given the uncertainty around which specific companies will benefit most, a prudent strategy may be to invest in an ETF that provides broad exposure to the industry. The iShares U.S. Oil & Gas Exploration & Production ETF, for example, could be a strong option. While the ETF may adjust its holdings in response to changing market conditions, predicting specific winners within the sector remains challenging. But in general terms, I think the victory of Trump will benefit the sector. Overview The outlook for the oil and gas sector is complex amid shifting policy trends. The recent focus on expanding oil and gas production, championed by Trumps political slogan drill, baby, drill, signals a potential for increased energy supply. Initiatives such as opening new drilling sites in Alaska are likely to drive higher energy production, potentially reducing costs for consumers. However, this development may present mixed results for energy companies that have thrived on high oil prices over the past few years. High oil prices in recent years, peaking in 2022, have significantly bolstered profitability for companies like ExxonMobil. With oil prices currently around $70 per barrel—still within profitable margins—these companies continue to benefit. However, increased production aimed at reducing prices could compress these profit margins, even though rising production volumes might offset some of this impact by boosting overall revenue. Investment Insights and Sector Strategy While the outlook for traditional oil producers remains cautiously optimistic, there could be short-term buying opportunities if oil prices experience significant dips in the coming years. In this context, we expect profitability and revenues to stabilize or even rise due to the continued relevance and importance of the industry. The following investment ideas offer alternative ways to capitalize on the oil and gas sector's anticipated growth without relying directly on commodity price gains. 1. Natural Gas and Pipeline Companies Pipeline companies, especially those focused on natural gas, present a compelling option. These companies generate revenue from transporting oil and gas, making them less sensitive to fluctuations in commodity prices. Moreover, deregulation could stimulate additional infrastructure projects, creating further growth potential. Key players to consider include: • Enterprise Product Partners (EPD): A robust choice in the pipeline sector, with the stability of consistent dividends and a well-diversified revenue stream. • Energy Transfer (ET): Offering a high dividend yield of 7.81%, though with less consistency in dividend growth. • Kinder Morgan (KMI): Another notable pipeline company with a strong track record in the industry. Each of these companies offers potential growth alongside dividend income, making them attractive for income-focused investors seeking exposure to energy infrastructure. 2. Texas Pacific Land Corporation (TPL) For a unique angle on oil and gas, Texas Pacific Land Corporation (TPL) is worth monitoring. TPL holds extensive land assets in Texas (approximately 880,000 acres) and benefits from royalty interests on oil and gas production. This model allows TPL to earn revenue without bearing production costs, yielding exceptionally high profit margins. TPL is part of the The iShares U.S. Oil & Gas Exploration & Production ETF, representing at the moment 4.22%. Key highlights of TPL’s financial performance include: • Gross Profit Margin: 93% • Operating Margin: 79% • Net Profit Margin: 66% • 2023 Oil and Gas Royalties: $350 million, representing 56.5% of revenue • Free Cash Flow Growth: 10-year CAGR of 30% • Revenue Growth: 10-year CAGR of 31.98% TPL also maintains a strong financial position, with $1.2 billion in shareholder equity, $900 million in cash, and minimal debt, allowing substantial capital returns to shareholders. Though not a consistent dividend payer, TPL has a track record of special dividends and stock buybacks. For long-term investors, this stock offers compelling growth potential in a high-margin, low-risk model within the oil and gas sector. Conclusion While traditional oil stocks remain solid investments, diversifying into pipeline companies and royalty-based businesses like TPL may offer better risk-adjusted returns under current and anticipated market conditions. Investors should consider these alternatives to balance exposure to oil and gas while potentially mitigating the risk of fluctuating energy prices.
AMEX:IEOLong
by marc_kober
BTCUSD Now +73,000 pumping so hard to take March high today Bitcoin has absolutely exploded with upside movement during the last couple of sessions, even yesterday during New York trading, Cryptocurrency had a smashing day and I did not even have to look at the charts to understand that Bitcoin BTCUSD was on its way to take the March High. Well if you don't own any Cryptocurrency, for educational purposes only, it's always a good idea to buy Bitcoin or stock/currency BEFORE the breakout, when price will go up very fast in line with how much Bitcoin is breaking out. My next profit target for BTCUSD is not 120,000 which is where I think it will make very quickly after it explodes upwards in price following the break above the Huge CUP pattern on the Weekly chart. BTCUSD price is at time of writing is 73,150 approximately. Prior to Cryptocurrency prices going into a frenzy following such a breakout, some other Crypto names that are solid and safe performers are DOGEUSD, TRXUSD, SOL & of course BTCUSD the number 1.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
GBPJPY | MONETARY POLICY |RATE CUTS AHEAD?|CONFUSED PRICE ACTIONGBP JPY LOOKS VERY CONFUSING TO ME but lets see what happens today fomc minutes gbp boe monitary policy There is a good chance that the Bank of England (BoE) could lower interest rates soon, with a cut widely anticipated in its next Monetary Policy Committee (MPC) meeting in November or December. However, the overall outlook on rate cuts remains mixed. Some analysts expect a cut as inflation rates have fallen from their highs, but recent fiscal policies, like the October budget, may temper any aggressive cuts due to potential inflationary effects. The BoE might proceed cautiously to balance inflation control with economic growth, and some experts even believe any cuts could be modest in the near term until inflation stabilizes further. Looking ahead, rates are expected to continue gradually lowering into 2025, but experts caution that the UK’s rates may not return to the extremely low levels seen pre-2020, as broader economic factors remain in play. For the November meeting, however, a rate cut of about 0.25% is currently expected, which could impact mortgage and borrowing rates accordingly. manage your risk be wise my analysis is not the holy grail , always do your research
by MSK-
USDCHF H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.8698, which is a pullback support close to 50% Fibo retracement. Our take profit will be at 0.8801, which is a pullback resistance. The stop loss will be placed at 0.8611, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
XAUUSD Money Moves Motion Webinar: Bullish Swing from Sell We're looking for the market to reject the HL and continue to go bullish after making a big bull candle. If it breaks 2664.00 we're looking for it to continue bullish with some pull back, either going to roll our SL or Move to entry and take partial profits. If we see the market reject 2664 area we'll see it push back to our Major Support and potentially continue downwards to the 1M lower Rejection Line. If it hits that rejection line it will range before swinging back up. The market is in a bearish trend at the moment but trying to make HH but ultimately we're looking for a swing trade back to 2720.00 ATTENDANCE: -RITA -KLOO -SHAWN -AMILIA -AUSTIN - ELODIE -OBSERVER - Shawn - Tatiana - Terrel - Tye
FX:XAUUSD
by GQJOHNWICKCHARTS