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Harmonic Patterns

Decoding the Dollar's Next MoveThe Dollar Index (DXY) currently stands at a critical crossroads, with its weekly close below 98.00 poised to dictate the trajectory of major asset classes for the coming weeks. The DXY closed as a bearish weekly candle at 97.2, confirming the "Bearish Dollar Scenario" as it closed below the 98.00 level. The market sentiment is currently cautious, awaiting clear directional cues from the DXY2. Our analysis will explore the Bearish Dollar Scenario, outlining potential price movements and actionable recommendations across a range of correlated assets
BITSTAMP:BTCUSD
by liamsmith
Falling Wedge: The Bullish Pattern Most Traders Miss Falling Wedge: The Bullish Pattern Most Traders Miss A falling wedge is a bullish pattern that forms when price action contracts between two downward-sloping lines. Both highs and lows are getting lower, but the lower trendline declines more slowly. This shows that sellers are losing momentum. There are two types of falling wedges: 🟢In an uptrend, it acts as a continuation pattern. The price pauses and consolidates before breaking out upward again. 🔴In a downtrend, it acts as a reversal pattern, often signaling a bottom before a trend change. Both versions look similar on the chart — a narrowing wedge sloping down. The breakout usually happens to the upside. To trade it 👇 1️⃣Wait for a confirmed breakout above the upper resistance line. 2️⃣Look for strong volume on the breakout to confirm the move. 3️⃣You can enter on the breakout or wait for a retest of the trendline. 4️⃣Place your stop below the recent low. 5️⃣Set a target based on the height of the wedge. Falling wedges work best in strong trends and become more reliable the longer they form ✍️ #FAQ
OANDA:XAUUSDLong
by CryptoSkullSignal
XTZ/USDT Ready for a Massive Breakout After Prolonged Downtrend!Technical Analysis (1D Timeframe): The XTZ/USDT pair is forming a well-defined descending triangle pattern, with sustained selling pressure since late 2024. However, the price action is now signaling a potential breakout as it approaches the apex of the triangle, supported by a strong accumulation zone around $0.4720–$0.5247. 🔍 Analysis Details: Descending Trendline Resistance: Price has repeatedly failed to break above the descending resistance line since December 2024. It is now testing the edge of the triangle, which typically precedes a significant breakout. Strong Support Zone: The consolidation zone between $0.4720 and $0.5247 has acted as a key accumulation area, successfully holding off bearish momentum. Potential Breakout: A breakout above the triangle resistance, especially with confirmation above $0.5797, could trigger a strong bullish rally toward the next resistance levels. 🎯 Target Resistances (Upon Confirmed Breakout): 1. $0.5797 – Initial breakout confirmation 2. $0.6326 – Minor resistance 3. $0.7281 – Significant resistance from previous structure 4. $0.9145 – Medium-term bullish target 5. $1.0445 – Strong resistance zone 6. $1.2022 – Final breakout target ⚠️ Note: A valid breakout requires a daily candle close above the descending trendline, ideally supported by volume confirmation. A pullback to the breakout zone may occur and could offer a second entry opportunity. #XTZ #Tezos #XTZUSDT #CryptoBreakout #DescendingTriangle #AltcoinAnalysis #TechnicalAnalysis #CryptoSignals #TrendReversal #BullishSetup
Long
by CryptoNuclear
HYPE/USDT Ready for a Breakout? Watch These Key LevelsAnalysis Description: The HYPE/USDT pair is currently forming a descending triangle pattern on the 1D timeframe — a classic technical setup that often signals a strong upcoming price move, either upward or downward. 🔶 Strong Support Block: The yellow horizontal zone between 33.500 – 36.785 USDT represents a solid support area where price has repeatedly bounced with strong volume. This zone is ideal for monitoring buy-back opportunities if price pulls back. 📉 Descending Resistance Line: A descending trendline has been acting as dynamic resistance. A breakout above this line could trigger a significant bullish continuation. 🎯 Upside Targets (If Breakout Occurs): Target 1: 38.800 USDT (minor resistance) Target 2: 42.068 USDT (mid-range target) Target 3: 45.800 USDT (major resistance / previous high) 📌 Trading Strategy: Conservative Entry: Buy on support re-test within the 33.500 – 36.785 USDT zone. Aggressive Entry: Buy after a confirmed daily breakout above the descending trendline. Stop Loss: Below the support block, around 33.000 USDT. 💡 Additional Note: Watch for increased volume during the breakout — this would validate the move and confirm strong momentum. If the breakout fails, expect further sideways consolidation within the current range. #HYPE #HYPEUSDT #AltcoinBreakout #CryptoChart #TechnicalAnalysis #CryptoTrading #DescendingTriangle #BullishSetup #CryptoCommunity
Long
by CryptoNuclear
JASMY/USDT – Golden Support Rebound Toward Explosive Targets!📌 Chart Explanation: JASMY is showing strong potential for a bullish reversal from the key demand zone (highlighted in yellow) around the $0.01100–$0.01300 range. This zone has historically acted as a major support level since 2022, and it has just been successfully retested during the latest correction. Following this bounce, price action indicates the beginning of a possible uptrend formation. If bullish momentum continues, we may see price reaching multiple resistance targets on the way up: 🎯 Upside Targets (Resistance Levels): 1. 🟡 $0.01704 – Minor resistance 2. 🟡 $0.02340 – Medium resistance 3. 🟡 $0.03969 – Previous major swing high 4. 🟡 $0.05712 – Psychological target 5. 🟡 $0.08716 – Mid-term target ✅ Bullish Signals: Strong bounce from historical support implies possible accumulation. Early signs of Higher Low formation. Potential gain exceeding +500% if upper targets are achieved. ⚠️ Risk Note: If the $0.01100 support fails, this bullish scenario becomes invalid. Beware of fakeouts or potential bull traps. 🧠 Conclusion: JASMY is setting up for a possible bull run from the golden support zone. As long as price stays above $0.01100, the mid-term outlook remains bullish. #JASMY #JASMYUSDT #CryptoAnalysis #AltcoinSeason #BreakoutCrypto #BinanceAnalysis #TechnicalAnalysis #CryptoSignals #BullishSetup #SupportRebound
Long
by CryptoNuclear
GMT/USDT Breakout Alert! Major Downtrend Broken🔻 End of a Long-Term Downtrend? GMT has been in a strong downtrend since late 2024. A clearly defined descending trendline has acted as strong resistance—until now. The price has bounced from the major support zone between $0.0364 and $0.0425, which has held multiple times since March 2025. 🚀 Breakout Confirmation in Progress: The chart shows a potential breakout from the descending trendline (yellow). A confirmed breakout with volume would indicate the start of a bullish reversal pattern. 🎯 Key Resistance / Profit Targets: $0.0474 – Initial minor resistance $0.0555 – First bullish confirmation $0.0665 to $0.0744 – Medium-term target $0.0977 to $0.1302 – Strong upside potential $0.2108 to $0.2471 – Full bullish target zone if momentum continues 📌 Additional Notes: The highlighted yellow area is a demand zone signaling potential accumulation. This setup aligns with classic breakout-reversal formations. Excellent risk/reward due to proximity to strong support. #GMTUSDT #GMT #CryptoBreakout #AltcoinSeason #CryptoReversal #TechnicalAnalysis #BreakoutCrypto #TradingSignals #CryptoTA #BinanceTrading
Long
by CryptoNuclear
NKN/USDT — Epic Reversal from Major Demand Zone🔍 Chart Breakdown: 1. Strong Historical Demand Zone: Highlighted by the thick yellow box between $0.0055 – $0.0240. Price has returned to this accumulation range, which previously launched a major rally in 2021. 2. Potential Bullish Reversal Pattern: After hitting the lower support, recent weekly candles suggest a potential double bottom or bullish engulfing pattern forming. The yellow projected path shows a possible gradual recovery. 3. Layered Resistance Levels (Take-Profit Targets): $0.0340 $0.0451 $0.0572 $0.1369 $0.2001 Up to $0.3050 as a major psychological barrier 4. Profit Potential: From the current price (~$0.0242), reaching the top target of $0.3050 offers a potential gain of over +1100% in the medium to long term. 5. Bearish Exhaustion & Sentiment Shift: The long downtrend since 2021 appears to be losing momentum. Buyers are defending this critical historical support zone. 🛡️ Conclusion: NKN is at a pivotal level, sitting on a historically significant support zone. If volume increases and price holds above the demand area, a strong reversal could play out. This setup presents a high-risk, high-reward opportunity worth monitoring closely in the coming weeks. #NKN #AltcoinSeason #CryptoReversal #NKNUSDT #Binance #CryptoTrading #TechnicalAnalysis #BullishSetup #SwingTrade #CryptoNuclear
Long
by CryptoNuclear
Gold strategy analysis for next week, hope it helps youThe current gold price stands at $3,273, showing a significant decline from previous levels. Looking back at Friday's trading, the gold market was in a state of "unrelenting decline": during the early Asian session, gold attempted a rebound, edging up to around $3,328, but was quickly met with resistance and pulled back. The downward trend continued into the European session, and with the release of the U.S. May Personal Consumption Expenditures (PCE) price index data during the U.S. session, gold prices fell further, hitting a low of around $3,355. Although there was a small rebound in recovery afterward, it eventually closed near $3,274, forming a large阴线 with a long lower shadow on the daily chart. **Factors Influencing the Trend** Market sentiment has reacted strongly to the optimistic agreements reached on trade-related matters, which has significantly boosted risk appetite. Simply put, when people feel the market environment is safe and there are plenty of profit opportunities, they are less willing to park their money in safe-haven assets like gold, thus greatly reducing gold’s appeal as a safe haven. **Technical Analysis** - **Daily Chart**: Gold has broken below the 5-day moving average, and short-term moving averages have formed a "bearish alignment"—it’s like a group of friends who were originally running in the same direction suddenly all turned around and started running downward. - **4-Hour Chart**: The Bollinger Bands have widened, and gold prices are like being pushed by a force, moving steadily downward along the lower band. The previous top-bottom conversion level at around $3,310 is crucial. If gold fails to reclaim this level next week, it will be like losing an important position in a battle, which will intensify short-term selling pressure and make it highly likely that the downward trend continues. **Outlook for Next Week** The market will be bustling next week: - Major central bank governors worldwide will hold a panel discussion, like a gathering of "financial giants" to discuss important matters. Their remarks and consensus may have a significant impact on the market. - The non-farm payroll data, long known as a "heavyweight bomb" in financial markets, will also be released. It reflects the state of the U.S. job market, which is closely linked to the economy and monetary policy, so its release often triggers sharp market fluctuations. - Additionally, talks about whether Powell will resign may continue to ferment next week, stirring up the market. Affected by these major events, gold prices are expected to fluctuate more violently around the lower Bollinger Band at $3,270 per ounce next week, and there is a need to be cautious of a second dip. **Comprehensive Judgment** The gold market faces high uncertainty next week, but the probability of an overall bearish trend is relatively high: - **Upper Resistance**: Pay attention to the $3,310–$3,300 range in the short term, a key boundary between bulls and bears. A breakthrough here could bring a turnaround for gold. - **Lower Support**: Focus on the $3,250 level in the short term. A break below this level may open up further downside space. From the indicator signals: - The MACD double line is running below the zero axis, forming a death cross, and the green energy column is continuing to expand—like a car stepping on the gas, accelerating downward. - The RSI is operating in the oversold region around 39. Although there is a possibility of a short-term bottom, it also faces a pullback correction. However, the bearish momentum currently holds the upper hand. Gold strategy analysis for next week, hope it helps you XAUUSD sell@3290~3280 SL:3310 TP：3370~3350
FOREXCOM:XAUUSDShort
by David_Wilson1
1
Volume Spread Analysis - Understanding Traps & ConfirmationDespite the fact that the so-called “Big Players” in the game of ups and downs we call the market have the power to manipulate it in ways some cannot even imagine, what they ultimately seek is a healthy market. I’ve mentioned in previous posts that the market behaves like a living organism — and like any organism, it must be healthy in order to grow. In simple terms, the traps institutional players set are there because they need cash flow — liquidity — to achieve that growth. But why do they need to use traps at all? The answer lies in the numbers: one institutional player is equivalent to hundreds, if not thousands, of uninformed or poorly trained retail traders. So, to sustain growth, they are not just inclined but sometimes forced to create traps. Now imagine this: in a market with enormous capital, one big player is equivalent to 100 retail traders. If 25% of those traders were skilled — truly good at the game — think of how much more cash flow would occur, and how much healthier and more stable that growth could be. But don’t be fooled — while big players may benefit from a small portion of skilled retail participants, it’s not their actual goal. Still, it wouldn't hurt them either, as long as liquidity and volatility are preserved. In fact, a higher percentage of skilled players could deepen liquidity and reduce the need for extreme manipulation. However, if too many retail traders become skilled, the game tightens. Profit margins shrink. The edge that institutions hold becomes harder to maintain. And in such a scenario, consistent profitability becomes more difficult — for everyone. As I’ve emphasized in previous ideas, there is a way to understand institutional traps — and one of the keys is learning how to interpret the Relative Strength Index (RSI) properly. However, since RSI is by nature an oscillator, its signals require confirmation. And what better tool to use for confirmation than Volume — specifically through the lens of Volume Spread Analysis (VSA)? In this post, we’ll partially explore how these traps are revealed, using basic tools available on TradingView. We'll also uncover a potential trap in the chart of AIXBT/USD Coin from Binance, using the 1-hour time-frame. 🔹 1. Pre-Top Volume Cluster Let’s begin at the very top of the chart. Just before this top, we can spot a bullish volume cluster — four consecutive volume spikes with rising price. In VSA, such a cluster often suggests that the current trend is reaching exhaustion. ⚠️ Important Note: Not all clusters mark a reversal. Even if we see one or two bearish candlesticks after-ward — even if they are engulfing — that alone does not confirm the reversal. The real signs are already present in the volume indicator. As I’ve said in the past, in previously posted ideas: Big Players always leave footprints. Learning to read those footprints is the language every serious retail trader must eventually understand. And one of the clearest footprints is what we’ll discuss next. 🔻 2. The Buying Climax A Buying Climax is a tell-tale sign of professional distribution — it appears (in our case) as a large bullish volume spike accompanied by a bearish candlestick, signaling the potential end of a rally. In our AIXBT/USD Coin chart, we observe two buying climaxes: • The first comes at the end of the bullish volume cluster, followed by a bearish candle. • The second follows right after, repeating the same bearish confirmation. 🧠 Even though price was making a new Higher High — these repeated climaxes on increasing volume suggest supply is entering the market, and the uptrend is likely unsustainable. ✅ Conclusion This is just one piece of the larger puzzle, but even basic tools like RSI and Volume, when read in the context of structure and intent, can reveal traps set by institutional hands. The more we train ourselves to see these signs, the closer we get to trading in harmony with the market’s true rhythm — not against it. Now let’s take a look at another signal that hints at a possible reversal. But before we continue, keep in mind: what I’m about to describe doesn’t always play out in the simplified way I’ll mention here. The market behaves differently at any given moment — so this kind of analysis always requires a careful and adaptive approach. This time, I’m referring to a smaller bearish cluster, made up of three volume spikes, each of them clearly above the 20-period Moving Average — and appearing just before the bullish cluster I highlighted earlier. • The fact that the first spike in this bearish group breaks above the MA is a strong signal that bearish pressure is stepping in. • The fact that all three spikes remain above the MA adds weight to that signal. However — and this is crucial — just like I mentioned before, this alone doesn't confirm a reversal. It still requires confirmation. Even though this smaller bearish cluster forms a new low, and even though it aligns with a bearish RSI divergence marked with a dashed trend line, it’s not a signal to enter a trade. Why? Because volume confirmation is missing. And that's exactly why RSI alone isn't enough. It can point to weakness — but not confirm the turn. True confirmation only comes with the next bullish volume spike, which: • a) breaks above the MA, • b) is higher than the first bearish spike in the previous cluster, • c) appears with an engulfing candlestick, and • d) is supported by an RSI plot that follows the move. This collective behavior — the interaction between price, volume, and momentum — is not random. It’s one of the many harmonies that exist in the market’s structure. And learning to recognize these harmonies is key to understanding when the market is genuine — and when it's trying to trap you. 🔚 Conclusion All of this leads me to one conclusion — based not just on theory, but on direct experience. We’ve all seen the countless videos across platforms where retail traders explain things like RSI divergences as if they’re guaranteed signals. But the truth is: not all of these videos are made by successful traders — and blindly following them can be dangerous. Early in my trading journey, I made that exact mistake. I followed those “educational” videos without question, and nearly blew my account in the process. Can you imagine what would happen if someone entered a trade solely based on the divergence we discussed — without waiting for confirmation? If you’ve followed this chart example to its end, you already know the answer. Worse, this kind of psychological frustration often leads to even bigger mistakes — especially if you haven’t applied one of the simplest protective tools: the Stop Loss. And sadly, many traders skip it. So let this be a reminder: A divergence is not a signal. Confirmation is everything. Let’s now take things a step deeper — by partially revealing something that remains known only to a small circle of elite traders. Something that’s rarely discussed in public — yet sits hidden in plain sight. Many traders know that Volume Spread Analysis (VSA) is based on the teachings of Richard Wyckoff and expanded through Tom Williams in Master the Markets. And yes — the most of VSA’s power comes from those principles. But that’s only part of the story. What did these two big names revealing in secret code using multiple paragraphs and terminologies, but purposely do not reveal it in simple words in a few lines. And they are doing the right thing. Because if I said to myself that if everyone knew that then the market might crashed, then for sure they had that thought as well What truly sets VSA apart, and what gives it its real power, is that it operates in two distinct languages. 🧩 The Hidden Language of VSA — What Most Don’t See Let’s now go a step deeper — by partially revealing something known only to a few traders who’ve spent enough time observing the market beyond surface-level signals. Something that’s often overlooked, yet has always been in plain sight. We all know that VSA stands for Volume Spread Analysis. And we commonly refer to “spread” as the distance between the open and the close of a candlestick. This is what many traders fixate on — the relationship between price movement and volume. But that’s only part of the story. What did names like Wyckoff and Tom Williams really reveal? They spoke in code — long paragraphs, obscure terminology, layered ideas — never quite saying "this is the hidden key" in a few plain words. And they were right to do so. Because I’ve thought the same thing myself: If everyone knew this… if it was simplified and passed around like a hack… the market could collapse into chaos. If I’ve had that thought, I’m certain they did too. So instead, they left trails. Patterns. Puzzles. They left the second language in the open — but made sure only those with patience, discipline, and time in the charts would ever truly hear it. There are things the open and close can’t tell you, but... That… is part of what I meant earlier when I said VSA speaks in two languages. Some of you already sense what I’m pointing toward. For the rest — keep watching. You’ll know it when you see it. And once you do, you’ll never unsee it again. Let’s begin with what most traders already know. We say "spread" in VSA to refer to the range between the open and the close of a candlestick. This spread, in relation to volume, tells us whether a candle shows strength or weakness. • A wide spread on high volume may signal professional activity. • A narrow spread on high volume could suggest absorption or hidden effort. This is the first language — the most commonly taught, and the most widely shared. But what about the second? Here's where things get interesting. Let’s revisit our AIXBT/USD Coin chart, and specifically the large engulfing candlestick that forms around 18:30, just after the very top. Now ask yourself: • 🔍 Where did this candle open? • 📍 What previous zone did it revisit or retest? What’s the story behind on that retest? • Have you noticed the macro scale Hidden bearish divergence between RSI & PA? What you're seeing is not just a rejection. It’s a trigger zone — a price level left behind earlier by institutional activity. This candle, with its precise open, combined with the volume behavior, is no coincidence. It's not just a rejection — it's a setup, part of a pre-engineered trap. By stealing what Tom Williams said: Big players are simply saying to uninformed traders – “thank you for your money”. The interaction of price levels over time, the zones formed by previous activity, and how volume behavior aligns with those zones to signal intent. Most traders never see this and even fewer can interpret it. Why This Matters That engulfing candlestick is not just a visual cue — it's a multiple level footprint. It confirms everything we discussed earlier about how the market is manipulated — often in ways most traders can’t even begin to imagine. Two opposite forces within a zone. One prevails while the other reveals a future! So now, let this sink in: To truly master VSA, one must learn to read both languages. The visible structure, and the hidden context. One without the other is incomplete. Now you know why Confirmation is so crucial. That’s all for now. I hope that all the above paragraphs were able to give you a hint of how things work! And remember: Everything I write is just a small glimpse of the whole that needs to be considered. Until next time — stay safe, trade wisely, and never stop learning.
by WhatComes21
EURJPY MASSIVE RISE for the next few weeks. BUY below 170EURJPY has seen some rosy seasons the past 5 years. Every year it keeps grinding up to reach new highs, from 115 in 2020 to reach a parabolic high last year at 175 on June 2024. Then, as with any parabolic era, hibernation comes after that peak tap at 175 that lasted 9 months. Price has woken up this year starting on April -- then charging up more this month. This consistent weekly gains is hinting of a bigger shift that only comes every 1-2 years. From our diagram above you can observe the last big ascend from its big shifts. This shifts resurfaced every 1-2 years. And this quarter 2 we got another rare change in structure conveying a weighty rise ahead in the next 12 months moving forward. EURJPY corrected heavily back to 1.0 FIB LEVELS, the most discounted bargain zone you can imagine -- so buyers converging on this area is a no brainer. STRONG BUY at this levels -- below 170 is a definite bargain. The price growth from the last few weeks is a testament of the directional context EJ is about to undertake. Expect some greener seasons on this pair as it moves forward. Harvest will be generous. Spotted at 168.0 Interim target at 171 Mid/Long term target at 200. TRADE SAFELY always. Market is Market. Not financial advice. TAYOR.
Long
by JSAL
WULF / 2hAs anticipated in the prior analysis, NASDAQ:WULF started to retrace downward today after a 33% counter-trend rally of the week as the correction in wave (b) of Minute degree b(circled). Wave Analysis >> As illustrated on the 2h-frame above, the correction in wave b(circled) may have remained in progress. After an impulsive counter-trend rally of 15.5% yesterday, the second subdivision in wave (b) unfolded into a three-wave sequence. A final decline as the last subdivision in wave (c) has started since the last-day high at 4.53 to complete the entire correction of wave b(circled) in a zigzag formation. The retracement targets >> 3.36 >> 3.28 >> 3.05 #CryptoStocks #WULF #BTCMining #Bitcoin #BTC
NASDAQ:WULF
by ElliottChart