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Harmonic Patterns

Bearish reversal?EUR/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci projection and also slightly below the 88% Fibonacci retracement and could reverse from this level to our take profit. Entry: 164.96 Why we like it: There is an overlap resistance levle that lines up with the 61.8% Fibonacci projection. Stop loss: 166.65 Why we like it: There is a pullback resistance level. Take profit: 162.65 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Bearish drop?AUD/JPY is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 98.64 Why we like it: There is a pullback resistance level. Stop loss: 99.83 Why we like it: There is a pullback resistance level that aligns with the 161.8% Fibonacci extension. Take profit: 97.18 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Potential bullish rise?The Bitcoin (BTC/USD) has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance which acts as an overlap resistance. Pivot: 92,651.63 1st Support: 87,516.30 1st Resistance: 99,246.82 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDLong
by ICmarkets
LPGL - PSX - Technical AnalysisOn daily TF, this stock is in Bearish run for quite some time, making LHs and LLs. However, now seeing PSX going into bull run every stock has started to shift its momentum towards bull run. SHARK harmonic pattern has been drawn (93% compliant). If price follows this pattern then very good return are expected. Price value zone of 170~175 is critical resistance zone, if it is crossed then bull run will likely to follow this pattern. RSI and Stochastic are indicating sufficient space to stay in bullish run. However, be mindful that a limited volumes are traded in this stock. Trade Values Buy (CMP): 131.99 TP-1: 165 TP-2: 235 TP-3: 365 TP-4: 440 SL: 100
PSX:LPGLLong
by Golden_Spur
Bearish drop off pullback resistance?Ethereum (ETH/USD) is rising towards the pivot and could drop to the 1st support which has been identified as an overlap support. Pivot: 3,524.74 1st Support: 3,217.92 1st Resistance: 3,713.01 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDShort
by ICmarkets
Could the Silver drop from hereThe price is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support level which acts as a pullback support. Pivot: 29.83 1st Support: 28.81 1st Resistance: 30.73 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAGUSDShort
by ICmarkets
Could the price reverse from here?GBP/CHF is reacting off the pivot and could drop to the 1st support. Pivot: 1.1262 1st Support: 1.1188 1st Resistance: 1.1314 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
TRX May Resume Bullish Movement SoonTRX May Resume Bullish Movement Soon TRX completed a Bullish Harmonic Pattern and we can also see an interesting price reaction near 0.224. The accumulation during these days looks very good again and the next upward wave should start soon. The first resistance is expected near 0.265 and the second resistance near 0.2900. Also, since TRX is discussed several times for price manipulation, this should support our bullish movement. You can find more details in the chart! Thank you!
Long
by KlejdiCuni
2
Bullish Cypher - SPY spotted a bullish Cypher pattern on SPY’s daily chart, and it looks promising. Entry: Current Market Price Stop Loss: 575.50, just under the D-point, to give the trade some breathing room. Targets: All time high Ideas and Inputs are welcome. Thank you for dropping by. Disclaimer: This analysis is for educational purposes only and is not financial advice. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always do your own research and consult with a financial advisor before making any trading decisions.
AMEX:SPYLong
by Krut4rth7
5
Gold at a Crossroads: Key Correction to Avert Deeper DeclineXAUUSD Analysis: Navigating a Complex Gold Market Amid Volatility The XAUUSD pair is currently navigating a critical juncture as it tests key zones of interest within an ongoing counter-trend correction. This comes after successfully breaching a significant resistance level earlier. However, the broader market landscape remains challenging, with bearish sentiment taking the forefront. Fundamental Overview The downward pressure on gold is largely driven by a combination of factors, primarily stemming from the Federal Reserve's hawkish stance. Persistent concerns about inflation, the uncertain trajectory of Trump's future policy, and mixed economic data from the past two weeks have all contributed to a negative outlook for the yellow metal. One critical point to note is the speculation surrounding the Federal Reserve's approach to monetary policy in 2025. The cycle of interest rate cuts, initially expected to be more aggressive, now appears to be slowing, with projections indicating only two potential cuts for the year. This cautious stance has diminished gold's appeal as a safe-haven asset, adding to the bearish tone in the market. The correction observed on Friday was largely influenced by the release of PCE (Personal Consumption Expenditures) data, which acted as a temporary catalyst for price movement. However, this correction does not appear sufficient to alter the broader bearish narrative. As the year draws to a close, liquidity in the markets is expected to decline further. This seasonal trend could exacerbate volatility, particularly if assets become mispriced in thinner trading conditions. Traders are advised to exercise heightened caution during this period. Despite the prevailing bearish sentiment, it is essential to acknowledge the ongoing geopolitical risks that continue to underpin the gold market. Escalating tensions in the Middle East and Eastern Europe have provided a degree of support, acting as a counterbalance to the otherwise negative fundamental backdrop. Technical Analysis From a technical perspective, gold appears to be forming a flag pattern following its recent sharp decline. The price is currently trading within the boundaries of this consolidation pattern. For traders, the critical focus should be on the local channel's support and resistance levels, as they will likely dictate the next significant price movement. Resistance Levels: 2620: A pivotal level where bearish momentum could intensify if broken and defended by sellers. 2631: Secondary resistance that could act as a hurdle for any upward attempt. 2640-2650: This zone could serve as a testing ground if the price attempts to break above the channel resistance. Support Levels: 2606: Immediate support level that may provide short-term stability. 2560: A deeper support level, which, if breached, could signal a more substantial downside move. The 2620 level deserves particular attention. Should sellers manage to push the price below this threshold and maintain control, it could significantly amplify bearish pressure, potentially triggering a more pronounced price drop. Conversely, the possibility of a breakout above the flag pattern's resistance cannot be entirely dismissed. In such a scenario, the price might retest the 2640-2650 zone before resuming its downward trajectory. Market Outlook and Final Thoughts As we approach the final stretch of the year, market participants should prepare for heightened volatility fueled by reduced liquidity. Mispriced assets during this period could lead to unexpected price swings, making risk management a top priority. While the bearish narrative remains dominant, traders should remain vigilant for any developments that could shift the balance of power, including geopolitical escalations or unexpected shifts in monetary policy. In summary, the gold market presents a complex mix of technical setups and fundamental drivers. Navigating this environment requires a careful balance of short-term tactical positioning and a broader understanding of the macroeconomic landscape. Keep an eye on key levels and stay prepared for potential surprises in this volatile market.
OANDA:XAUUSDShort
by lonelyPlayer0
EURUSD H1 I Bearish ReversalBased on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.0421, which is a pullback resistance that aligns with the 61.8% Fibo retracement. Our take profit will be at 1.0373, which is a pullback support level. The stop loss will be placed at 1.0479, a pullback resistance. 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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
Bearish drop?DAX40 (DE40) is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 19,953.44 1st Support: 19,614.24 1st Resistance: 20,192.48 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:DE40Short
by ICmarkets
GBPUSD H1 I Falling from the 50% Fibo?Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.2554, which is a pullback resistance that aligns with the 50% Fibo retracement. Our take profit will be at 1.2489, which is a multi-swing low support level. The stop loss will be placed at 1.2609, an overlap resistance 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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