Harmonic Patterns
ETH - Log long Chart!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Let’s keep it simple! ⚡
📈 ETH is approaching a major structure and potential rejection zone marked in blue.
As long as this key support holds, the long-term bullish bias remains intact.
It’s only a matter of time before the bulls step in — confirmation will come from lower timeframes. 👀
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Potential bearish drop?DJ30 is reacting off the support level which is an overlap support and could drop from this level to our take profit.
Entry: 39,332.63
Why we like it:
There is an overlap support level.
Stop loss: 40,743.45
Why we like it:
There is an overlap resistance level.
Take profit: 37,047.85
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci projection.
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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.
S&P 500 E-mini Futures – Bearish Setup Ahead?Price recently tapped into a key resistance zone where an imbalance was filled by a wick, showing signs of potential exhaustion. We could see a liquidity grab above before a significant move down toward the 5,150 level. Watch for a reaction in the highlighted resistance area – this could be the beginning of a bearish reversal. Major support sits lower, where a larger move might find footing.
🔹 Resistance tested
🔹 Imbalance filled
🔹 Bearish reaction anticipated
🔹 Targeting the 5,150 zone
Let me know your thoughts – do you see the same setup?
We Now Have Conditions for Limit Down Days in SPXMassive intraday pop today but it did not manage to advance much past the last high.
The size of the move today means if we had a big one day rejection of it that would now be a limit down day.
Which this specific thing does not have to happen (could down trend over a few days) break the low in this setp would give a strong case for limit down days to come.
It's not a term I use loosely.
In an optimistic outlook today we have a bullish wave 3 and the foothills of a new uptrend (or at least bull trap).
But if today rejects and turns out was a big bull trap - then we'd be about to head into the crash section of the move.
If you think it's been crashy so far - know that the second half is not slower than the first.
A pullback could be a "buying" opportunity!In recent times, the gold market has witnessed significant price fluctuations and retracements📉. From a technical standpoint, an overbought correction is long overdue. Notably, the RSI indicators on both the daily and weekly charts are signaling divergence⚠️, while the price has deviated substantially from its short - term moving average, strongly suggesting that a pullback is necessary to complete the technical realignment. It's crucial to emphasize that the current pullback isn't a straightforward, one - sided decline. The numerous intraday rebounds serve as clear evidence that the bulls still retain considerable resilience💪.
On the fundamental front, the underlying support for gold remains rock - solid. Geopolitical risks, particularly the ongoing escalation of the tariff deadlock😨, have sustained the market's insatiable appetite for safe - haven assets. As such, this price adjustment should be regarded as nothing more than a typical correction following the sharp rally in the preceding period📈.
💰💰💰 XAUUSD💰💰💰
🎯 Buy@3290 - 3295
🎯 TP 3320 - 3330
Traders, if you're fond of this perspective or have your own insights regarding it, feel free to share in the comments. I'm really looking forward to reading your thoughts! 🤗
👇The accuracy rate of our daily signals has remained above 98% within a month! 📈 We sincerely welcome you to join our channel and share in the success with us! 🌟
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold has successfully broken above its resistance zone and the top of the ascending channel, indicating strong bullish momentum.
Two support zones have been identified below the current price. A correction toward one of these levels is expected before the next bullish leg begins.
After a pullback to one of these support areas, we expect gold to resume its uptrend and push toward higher levels and new highs.
Among the two, the second support zone is considered a safer entry point for long positions, as it may offer stronger support and a better risk-reward setup.
💡 Which support zone would you use for your buy entry? Share your thoughts below!
Don’t forget to like and share your thoughts in the comments! ❤️
USDCAD FORCAST BULLISH 100PIPSThe USDCAD pair could be poised for a 100-pip bullish move based on current technical and fundamental factors. Here’s the analysis:
Key Reasons for a Bullish Outlook:
Technical Setup:
Support Holding: If USDCAD is bouncing off a key support level (e.g., 1.3500 or 1.3600), a rebound toward 1.3700-1.3750 (+100 pips) is possible.
RSI/Oversold Bounce: If the RSI was near 30 (oversold), a reversal could trigger a short-term rally.
Break of a Downtrend Line: A breakout above a descending trendline could signal bullish momentum.
Fundamental Drivers:
Stronger USD: If the Fed maintains a hawkish stance (delaying rate cuts), the USD could strengthen.
Weaker CAD: If oil prices decline (CAD is oil-linked) or Canadian economic data disappoints, USDCAD could rise.
Price Action & Key Levels:
Entry Zone: 1.3600-1.3650 (if holding as support).
Target: 1.3700-1.3750 (+100 pips).
Stop Loss: Below 1.3550 (if support breaks).
Trade Plan:
Buy Zone: 1.3600-1.3650
Take Profit: 1.3700-1.3750 (+100 pips)
Stop Loss: 1.3550 (50-pip risk)
Risk-Reward Ratio: 1:2 (favorable).
Caution:
Bearish drop?Ethereum (ETH/USD) is reacting off the pivot and could drop to the 1st support.
Pivot: 1,570.37
1st Support: 1,437.45
1st Resistance: 1,685.57
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.
BTC dominance : Breakout or Fakeout?Join our community and start your crypto journey today for:
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Let's analyze BTC dominance :
For four months, BTC dominance (BTC.D) has held a trendline support. After breaking out of an ascending triangle, BTC.D is forming another, with resistance at 62%-62.3%, repeatedly tested. A break above targets 64.50%, a strong resistance. Conversely, a trendline breakdown signals a potential drop to 59% support. Monitor these levels; a decisive break will heavily influence altcoin market dynamics.
Lower Support Levels:
59%-58.7%
Resistance Level:
62%-62.30%
64-50%
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Bullish bounce?COPPER has bounced off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 4.5751
Why we like it:
There is an overlap support level.
Stop loss: 4.4681
Why we like it:
There is a pullback support level.
Take profit: 4.8155
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
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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.
Bearish reversal off pullback resistance?USO/USD is rising towards the resistance level which is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 65.91
Why we like it:
There is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement.
Stop loss: 68.48
Why we like it:
There is an overlap resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 62.74
Why we like it:
There is a pullback 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.
Bearish drop?Dow Jones (US30) is reacting off the pivot nd could drop to the 1st support that lines up with the 61.8% Fibonacci extension.
Pivot: 39,291.00
1st Support: 37,024.36
1st Resistance: 40,624.32
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.
Bullish bounce?XAG/USD is falling towards the support level which is an overlap support that is slightly below the 23.56% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 31.83
Why we like it:
There is an overlap support level that is slightly below the 23.6% Fibonacci retracement.
Stop loss: 31.26
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.
Take profit: 33.18
Why we like it:
There is an overlap resistance 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.
BTC has upside chances until it holds above 81K areaMorning folks,
So, picture barely has changes since our last discussion. Right now we do not see any ready-to-trade setups. But suggest some bullish support to the market. After major XOP target has been reached - BTC has not dropped but remains in tight consolidation. This is more a bullish sign.
In general, we could suggest here a kind of reverse H&S shape. It makes us think that until BTC price is above ~ 81K area, it keeps chances on upside breakout. Drop below 81K will lead BTC back to the previous lows.
So, if you would like to buy - try to do this as closer to the lows of consolidation as possible. We consider no shorts by far.
Hyperliquid HYPE price analysisLooking at the OKX:HYPEUSDT.P chart, we can assume that the cryptocurrency market is likely to start #Hype's in May.
🔼 The capitalization of the #Hyperliquid project is already quite large in the current realities - $5.6 billion, so the forecast for x2 growth is quite optimistic-realistic.
And so, all the key levels are on the chart!)
🥚 Have a nice Easter holiday
_____________________
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Will gold experience a sharp drop?Hello everyone. Let's discuss the trend of gold today. If you have other ideas, you can express your different ideas in the comment area. Today, gold continued yesterday's upward trend and set a new record high of 3357!
But we need to be extra careful at present, because tomorrow Friday is closed all day, which means that today Thursday is the last trading day of this week. Currently, long positions in gold are likely to be profit-taking.
Once the long positions are profit-taking, it is easy to have a large retracement, so you must be careful about this and do not buy too much.
From the hourly chart:
Today's high point was 3357 and once retreated to around 3313. It can be found that since it fell below the opening price of 3342, gold has not stood above 3342 again.
This is a strong short-term retracement signal, especially when the long positions are about to be profit-taking.
Moreover, the hourly chart is currently a bit of abc wave retracement. Once it comes down, I think it is not a problem to touch 3300, and it is not ruled out that it will be lower.
At present, the MA10 moving average position below gold is also at 3300-3280.
Therefore, it is not recommended to chase long orders today, and you should be prepared for the possibility of falling to 3300-3280 in advance.
In terms of operation, I suggest that you can maintain the entry and short near 3340, and the target can be 3300-3280.