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Harmonic Patterns

Today, the gold price needs to be alert to fall back to 3080.Today, the gold price needs to be alert to fall back to 3080. As shown in the figure: Four-hour cycle: The gold price has clearly begun to build a peak. So at present: The 3145-3150 area will become an important pressure stage. The 3115-3110 area will become an important support stage. From the perspective of structure and selling pressure, once the gold price falls below 3100 points, it is very likely to touch around 3080. So my strategy is divided into two types: (1): Try to go long around 3110-3115, stop loss at 3100 (aggressive strategy) (2): If it falls below 3100, wait for it to stabilize around 3080 and continue to go long, stop loss at 3080 (conservative strategy) Note: As long as it is above 3080, gold trading will mainly focus on callbacks and go long.
FX:XAUUSD
by Louisa00000
Gold accumulated motivation for promising increasing!Today, gold continues to attract some buyers after yesterday's retreat from record highs amid persistent safe-haven demand, driven by concerns about a global economic recession due to tariffs. Furthermore, expectations of Fed rate cuts and lack of interest in buying USD provide additional support for XAU/USD. Currently, the metal is moving around $3,130 and upside potential remains highly rated as the EMA 34 and 89 lines continue to act as dynamic support levels. Additionally, historical bullish patterns are repeating themselves, suggesting that after this period of retreat and consolidation, an impressive upward movement is expected.
FX:XAUUSDLong
by Smith_Scalper
EURUSD: Further decline continues!Hello dear EURUSD traders, let's dive deeper into this currency pair with Smith! Today, EURUSD couldn't resist the downward trend, aligning with our predictions from yesterday. This pair is under pressure as USD begins to regain strength, significantly impacting this major currency pair. On the analysis chart, EURUSD is struggling to break through the resistance level of 1.080 and the nearby 34.89 EMA. Additionally, a bearish wedge is gradually forming, signaling the likelihood of this downward trend continuing soon. With the breakdown of the 1.078 level, we may not encounter any significant support until reaching 1.076. Let's closely monitor EURUSD's upcoming movements and prepare for the next investment opportunities!
Short
by Smith_Scalper
GBP/NZD 1-HRGBPNZD Approaching Key Resistance: A Closer Look at the Megaphone Pattern and Potential Reversal Zones The current price action of GBPNZD on the 1-hour chart reveals the formation of a prominent megaphone pattern, a significant technical formation characterized by fluctuating price swings and widening ranges. This pattern, which often indicates increased market volatility and uncertainty, is an important signal to watch as it nears the upper resistance zone. Understanding the intricacies of this pattern and the key levels that are in play can provide valuable insights for traders seeking to capitalize on the upcoming potential price movements. What is the Megaphone Pattern? A megaphone pattern, also known as an expanding triangle or broadening formation, is typically seen when the price creates higher highs and lower lows. This type of formation suggests that market participants are uncertain, leading to erratic price swings. The pattern often serves as a warning of increased volatility and potential reversals, which is exactly what we may be witnessing with GBPNZD. As the price moves toward the upper boundary of the megaphone formation, it’s essential to recognize that this resistance line represents a crucial point for potential market exhaustion. Typically, price reactions around this zone can lead to significant retracements or reversals. This creates an opportunity for traders to anticipate potential short positions or to watch for signs of reversal before making their move. Key Resistance Levels and Potential Reversal The current price is fast approaching the upper resistance line of the megaphone pattern, which has proven to be a critical zone where selling pressure could build up. If the market fails to break above this resistance, we could see a shift in momentum, where sellers step in, pushing the price lower. This could be triggered by a number of factors such as exhaustion of buying pressure, a failure to sustain higher prices, or the onset of bearish sentiment in the broader market. Here are the key resistance and support zones to monitor carefully: Resistance Zone (Key Upper Boundary of Megaphone Pattern): This is the critical level where the price may encounter substantial selling pressure. A failure to break above this resistance could lead to a swift reversal. Watch for candlestick patterns like bearish engulfing, shooting stars, or evening stars, which could indicate that the market is ready to turn. Support Zones: Should the price fail to breach the resistance level, it's crucial to keep a close eye on the support areas where the market could react and potentially reverse upward. These levels include: 2.2670: A strong support area where the price has historically shown signs of consolidation and upward movement. If the price retraces to this level, we may see a bounce, especially if it coincides with other technical indicators such as RSI or MACD signaling oversold conditions. 2.2560: This level represents another potential support zone where previous price action has indicated short-term reversals. If the market consolidates around this level, it could provide the foundation for a potential bullish reaction. 2.2445: As we move further down, this level represents a deeper support zone. A price drop to this point could trigger more significant buying interest, especially if the broader market sentiment remains favorable for the pair. 2.2200: This is one of the most critical support levels to watch. A price move toward this zone would suggest a strong bearish trend, and if it holds, it could lead to a more substantial price correction or the continuation of a downtrend. What to Look For: Signs of a Reversal When approaching key resistance levels such as the upper boundary of the megaphone pattern, it’s important to watch for signs of a reversal. These may include: Candlestick Patterns: Reversal candlestick formations such as doji, shooting star, or bearish engulfing patterns around the resistance level could signal that the market is losing momentum and that sellers may step in. Volume Indicators: A decrease in volume at the upper boundary or increased volume on bearish candles could provide additional confirmation of a potential reversal. A sudden surge in volume after a failed breakout could signify that the price is ready to move lower. Momentum Indicators: Tools such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or Stochastic Oscillator could also help identify overbought conditions or divergences, suggesting that a reversal may be imminent. The Bigger Picture Traders need to consider both the short-term and long-term outlook when analyzing GBPNZD. On a broader scale, the megaphone pattern may indicate a market that is in a state of indecision, but as the price moves toward key levels, the likelihood of a major price shift increases. A breakout above the upper resistance would suggest continued strength for the bullish trend, while a failure to break above and a subsequent price rejection could set the stage for a bearish move down to the key support levels outlined. Conclusion In summary, GBPNZD is at a pivotal moment. The formation of the megaphone pattern is signaling increased volatility, with the price nearing key resistance levels. Traders should remain vigilant, monitoring the price action closely around these levels, looking for signs of reversal or confirmation of a breakout. The key support levels at 2.2670, 2.2560, 2.2445, and 2.2200 should be watched carefully, as they will likely play a significant role in the upcoming price movements. By staying informed of these levels and patterns, traders can position themselves effectively for potential price shifts in the near future.
Short
by lonelyPlayer0
NAS100 Tap Reading/ Trading Math Analysis Dear Trader, Please find attached my analysis of $Subject, which uses mathematical calculations to identify potential reversal times and price levels. The analysis details projected south and north price targets (horizontal lines on the chart), along with estimated time frames for possible reversals (vertical lines on the chart, accurate to within +/- 1-2 candles). To increase the probability of these analysis, I recommend monitoring the 5-minute and 15-minute charts for the following key reversal candlestick patterns: Doji’s Hammer/Inverted Hammer Double/Triple Bottom/Top Shooting Star Morning Star Hanging Man I welcome your feedback on this analysis, as it will inform and enhance my future research. Regards, Shunya Trade ⚠️ Disclaimer: This post is educational content and does not constitute investment advice, financial advice, or trading recommendations. The views expressed here are based on technical analysis and are shared solely for informational purposes. The stock market is subject to risks, including capital loss, and readers should exercise due diligence before investing. We do not take responsibility for decisions made based on this content. Consult a certified financial advisor for personalized guidance.
PEPPERSTONE:NAS100
by shoonya0000
Oil will soon be $200Technical and Fundamental Analysis of Crude Oil (WTI) Technical Analysis: 1. Key Support and Resistance Levels: The $80 level acts as a strong resistance, where the price has reversed in the past. Major support levels are at $66 and $68. 2. Overall Trend: The price has bounced from $66 and is currently trading around $70.94. If the price breaks above the $72 resistance, it could move towards $74-$76. A break below $68 may push the price down to $66 and potentially $64. 3. Price Action: A recent strong bullish move indicates buying interest in this zone. The price is attempting to stabilize above $70. Fundamental Analysis: 1. Key Influencing Factors: OPEC+ Decisions: Any production cuts could support oil prices. U.S. Economic Data: Inflation, interest rates, and Federal Reserve policies impact oil demand. Geopolitical Tensions: Conflicts in the Middle East or Russia can drive prices higher. U.S. Crude Oil Inventory: Declining inventories signal higher demand, boosting prices. 2. Overall Outlook: If global demand continues to rise and OPEC+ cuts production, oil could reach $74-$76. Weak economic data and slowing global growth may push prices down to $66. Conclusion: The price is at a critical level. A breakout above $72 confirms a bullish trend, while dropping below $68 could indicate weakness.
CAPITALCOM:OIL_CRUDE
by vsparan
Gold Trade Plan 01/04/2025Dear Traders, Since the monthly gold candlestick has closed and Trump is implementing tariffs on April 2, the market will be highly volatile. Despite this, gold is maintaining its upward trend and is expected to reach higher highs. Currently, gold has reached the upper boundary of its channel and is reacting to this resistance. I anticipate a correction to the 3070-3080 range before continuing its rise toward approximately 3200. Also, keep in mind that I foresee a potential gold correction to the 2980-3000 range soon. If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza! regards, Alireza!
OANDA:XAUUSDShort
by alirezak
Bullish momentum to extend?WTI Oil (XTI/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 69.86 1st Support: 68.71 1st Resistance: 71.83 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:XTIUSDLong
by ICmarkets
Bearish drop?The Gold (XAU/USD) has rejected off the pivot and could potentially drop to the 1st support that aligns with the 50% Fibonacci retracement. Pivot: 3,127.89 1st Support: 3,084.91 1st Resistance: 3,146.14 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:XAUUSDShort
by ICmarkets
Bearish reversal?S&P500 (US500) is rising towards the pivot which is a pullback resistance and could reverse to the pullback support. Pivot: 5,684.31 1st Support: 5,508.29 1st Resistance: 5,768.80 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:US500Short
by ICmarkets
Could the Bitcoin bounce from here?The price is falling towards the pivot which lines up with the 50% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 83,509.64 1st Support: 81,260.77 1st Resistance: 88,031.16 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
Falling towards pullback support?CAD/JPY is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance. Pivot: 104.27 1st Support: 103.54 1st Resistance: 105.58 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.
Long
by ICmarkets
Bullish bounce?NZD/CAD has bounced off the pivot which acts as a pullback support and could rise to the 1st resistance which is a pullback resistance. Pivot: 0.81458 1st Support: 0.81069 1st Resistance: 0.82317 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.
Long
by ICmarkets
BTC Bouncing from $82.4k level, what's next?Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential The recent 7% Bitcoin drop triggered significant market turmoil, with altcoins experiencing a steeper 15-20% decline. However, BTC is showing signs of stabilization, bouncing from a potential support level at $82.4k and heading towards the $85k liquidity zone. This movement could be interpreted as a retest following a major price drop. To negate this bearish scenario, Bitcoin must demonstrate bullish momentum by closing above $86.2k on the daily chart and ultimately reclaim the $ 89K level. The upcoming weekly and monthly closes will be pivotal in determining the market's direction. Support Levels: $82.4k $81.2k Resistance levels: $86.2k $ 89K If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
by persis10t