Get started

Harmonic Patterns

SPX500USD - Key Levels to Watch Ahead of Major US Data!The S&P 500 Index (SPX500USD) is currently trading near a significant supply zone around 5885–5925. Price has shown clear rejection here multiple times, indicating strong selling pressure from institutional players. Key Levels: Resistance Zone: 5885–5925 (Supply Zone) First Support: 5659.1 – former resistance, now turned key support Major Demand Zone: 5355.3 – 5400, marked by high-volume accumulation (Visible Range POC) Bearish Scenario: If price fails to break above the 5925 resistance, we may see a potential sell-off toward 5659 first, and possibly down to the 5355 demand zone, especially with upcoming US economic data later this week (as marked by the calendar icons). Watch For: Rejection candles or bearish engulfing around 5885–5925 Break and close below 5659 for further downside confirmation Strong bullish momentum only above 5930 to invalidate bearish bias Bias: Bearish unless 5930 is broken convincingly. Technical Tools Used: Supply & Demand Visible Range (LuxAlgo) Volume Profile Support Zones Price Action Structure (1H) What do you think? Will SPX500 hold the resistance or break to new highs? Let’s discuss! #SPX500 #SP500 #TradingView #Forex #Indices #TechnicalAnalysis #SupplyAndDemand #PriceAction #SwingTrading
OANDA:SPX500USDShort
by FrankFx14
$BIOUSDT Trade Setup UpdateNYSE:BIO has successfully flipped resistance into support and is now consolidating above the trendline, showing strength at every retest. - Breakout from downtrend resistance - Holding the rising support trendline - Buyers stepping in near the $0.074 zone (green box) - Risk-reward is still favorable if you're looking for continuation Targets ahead: • $0.102 • $0.123 • $0.149 As long as the trendline holds, the structure remains bullish. Keep SL tight below the green zone and trail as the price climbs.
Long
by persis10t
EURUSD – Bouncing on trendline amid EU optimismEURUSD continues to hold a strong upward momentum within a short-term ascending channel. After retesting the channel bottom around the 1.1360 zone, price is showing signs of rebounding, and a "small double bottom" pattern appears to be forming. If confirmed, EURUSD may rally toward the resistance area at 1.1447. Factors supporting the bullish trend: Trump temporarily postponed the 50% tariff on EU goods until July 9 → Trade tensions ease, supporting the euro. Germany's Q1 GDP grew by 0.4% – above expectations → Boosts confidence in Eurozone recovery. The ECB aims to elevate the euro’s global role (digital euro, cross-border payment improvements). Potential scenario: If the 1.1360 zone holds (channel bottom + EMA support), there is a high chance that price will retest and break above the 1.1447 resistance.
Long
by Rocky_trade_
$AI16ZUSDT – Strong Technical Structure$AI16Z is currently holding well above the ascending trendline, with price consolidating just above a key support zone around $0.279–$0.296. - Trendline support remains intact - Holding above the 100 EMA (purple) on the 8H chart - Breakout from this accumulation range could lead to strong upside momentum Targets: • $0.388 • $0.483 • $0.623 This setup is offering a low-risk entry with a high reward potential — keep an eye on volume confirmation for the breakout.
Long
by persis10t
Today's gold trading strategy, I hope it will be helpful to youU.S. President Trump has postponed plans to impose 50% tariffs on the EU, with the originally scheduled June 1 implementation delayed until July 9. This move has cooled market risk aversion, as the easing of trade tensions has reduced investors' safe-haven demand for gold, putting pressure on gold prices. **Focus on support levels after the price correction**: Currently, attention should be paid to the **$3,300–$3,310 per ounce range**. This area was previously a key support level and is close to the low after today's sharp decline. If the gold price falls to this range and shows signs of stabilizing, such as K-lines with short bodies and long lower shadows, or a significant shrinkage in trading volume, indicating weakening bearish momentum, traders can attempt to enter small long positions. Today's gold trading strategy, I hope it will be helpful to you XAUUSD BUY@3310~3300 SL:3290 TP:3330~3340
FOREXCOM:XAUUSDLong
by AndyHopkins
EUR/USD Rejected From Major Supply – Is a Bigger Drop Brewing?EUR/USD is showing signs of distribution around the key supply zone at 1.14380. Price failed to break above twice, forming a possible lower high, signaling that smart money might be preparing for a deeper move down. Key Levels to Watch: Supply Zone: 1.14380 – heavy selling pressure First Target: 1.08667 – strong historical support Final Target: 1.03215 – major demand zone (watch for bullish reaction here) Market Drivers: Upcoming high-impact U.S. events (marked below the chart) could fuel a bearish reversal, especially if USD strength returns. Possible Trade Setup: Sell Entry: Below 1.13400 (confirmation after rejection) SL: Above 1.14000 TP1: 1.08667 TP2: 1.03215 Bias: Bearish – Unless we see a strong breakout above 1.144, sellers remain in control. --- Is EUR/USD headed for a sharp drop, or will bulls defend the 1.13s? Comment your setup and let’s discuss! #EURUSD #ForexAnalysis #LuxAlgo #TechnicalAnalysis #SupplyAndDemand #ForexSignals #BearishBias #TradingView
Short
by FrankFx14
The impact of the American consumer confidence index (CB) The impact of the American consumer confidence index (CB) on global markets and gold prices - May 27, 2025* The Consumer Confidence Index issued by the "Conference Board" (CB) is one of the most prominent economic indicators that monitor the attention of American consumers towards the economy, and is used as a leading indicator for predicting consumer spending, which constitutes more than a third of the United States' gross domestic product. Today, Tuesday, May 27, 2025, the reading of the index for the city of May will be announced at 14:00 GMT. Expectations point to 87.1 points, compared to 86.0 points last April. The effect of the index on the US dollar If the reading is higher than expected, it reflects the optimism of consumers, which strengthens the strength of the US dollar, due to the possibility of increased consumer spending. But if the reading is lower than expected, it may lead to the decline of the dollar as a result of fears of economic slowdown. The effect of the index on gold prices There is an inverse relationship between consumer confidence and gold prices. So when confidence is high, the demand for gold as a safe haven decreases, which leads to a decrease in prices. As for the decline in confidence, the demand for gold increases, which pushes the price up. The American consumer confidence index is considered an important tool for understanding market sentiments. Reading today, there is a high incidence of frauds in currency and gold prices, so investors are advised to carefully follow the results and analyzes to make informed exploitative decisions. The technical analysis opinion of the Relative Strength Index (RSI) For today's gold prices - May 27, 2025 Recent technical data indicates that the relative strength index (RSI) of gold against the US dollar (XAU/USD) is currently in the neutral zone, where it registers around 50 points, which reflects the balance between buying and selling forces. Technically, gold faces strong resistance at the level of $3,350 per ounce. If this level is breached, the price will move towards 3,405 dollars, which indicates the continuation of the upward trend. However, in the event of failure to cross the resistance, the price may witness a downward correction towards the support levels at $3,295, with the possibility of retreating to $3,250 if the selling pressure continues. Based on these data, traders are advised to monitor the price movement around the level of 3,350 dollars, as the penetration or reversal of this level will determine the future direction of gold. This article does not refer to any buying or selling transactions, but rather represents the author's point of view. Thanks.
OANDA:XAUUSD
by Ahmed_Ragab
XAU/USD Faces Heavy Supply at $3425 – Is a Deeper Pullback? Gold has once again reacted sharply from the major supply zone around $3,424, rejecting higher prices with a strong bearish candle. Price is now struggling to maintain momentum above $3,300 – a potential sign of weakening bullish strength. Key Levels to Watch: Supply Zone: $3,424 (Strong resistance and selling pressure) Local Support: $3,207 – if this breaks, expect further downside. Demand Zone Target: $2,706 – highly respected historical demand area. Market Insight: With the U.S. economic calendar heating up (see upcoming red-folder events), volatility could spike. If the market breaks below the $3,200–$3,207 zone, we could see a massive bearish continuation toward $3,067 and potentially $2,706. Potential Setup: Entry: Wait for break and retest of $3,200 Target 1: $3,067 Target 2: $2,706 Stop Loss: Above $3,330 Bias: Bearish – As long as gold remains below $3,330 resistance and reacts to the supply zone.
OANDA:XAUUSDShort
by FrankFx14
GBP/USD – Rejection at Key Supply Zone | Bearish Momentum The GBP/USD pair just got rejected from a strong supply zone at 1.3575, which has acted as resistance several times. After tapping this zone, we've seen a clear shift in momentum, with price breaking below the immediate structure. Key Levels: Resistance Zone: 1.3575 (Supply) Mid-Level Support: 1.3465 – price could retest this as the next key decision area. Major Demand Zone: 1.3346 – previously respected with strong bullish reaction. Trade Idea: If price fails to reclaim the 1.3575 zone, we could see a deeper retracement: Short Setup Trigger: Break and retest below 1.3540 Target 1: 1.3465 (structure support) Target 2: 1.3346 (major demand) Fundamentals to Watch: US Dollar events (highlighted on the chart) could add volatility—stay sharp during news releases. Be mindful of liquidity grabs and fakeouts around these zones. Bias: Short-term bearish as long as price stays below 1.3575. Look for entries on lower timeframe confirmations. --- What are your thoughts? Are you bullish or bearish on GBP/USD this week? Drop your analysis and let’s discuss! #GBPUSD #Forex #PriceAction #LuxAlgo #SupplyAndDemand #SmartMoney #ForexTrading #TechnicalAnalysis #TradingView
Short
by FrankFx14
Short Opportunity🔻 XAU/USD Rising Wedge Breakdown – Bearish Setup Activated Gold has broken down from a rising wedge pattern near the key resistance zone around $3,311–$3,325, signaling a potential reversal. The rejection from the volume profile’s high activity zone adds further confluence for a short bias. 📉 Entry: $3,311.70 🎯 Target: $3,157.80 🛑 Stop-Loss: $3,374.72 ⚖️ Risk/Reward Ratio: 2.44 Technical Highlights: Rising wedge breakout to the downside Price failed to sustain above high-volume node Bearish histogram crossover confirms weakening momentum Next support sits near $3,155 – a key demand zone from early May This breakdown could trigger a deeper correction toward the $3,150–$3,120 region unless bulls reclaim the $3,325 level with strength.
TVC:GOLDShort
by GODOCM
5.27 Gold Market5.27 Gold Market As Trump's "tariff stick" against the EU enters a easing phase, the United States and Hong Kong, China have successively released policies on digital currency "stablecoins", and other news have affected gold to enter a slow decline process. Today's support focuses on the 3280 line, and the resistance level is 3330. BUY: 3290-3300 SL: 3275 TP: 3330-3350 SELL: 3330-3235 SL: 3340 TP: 3280 If your current gold operation is not ideal, I hope my sharing can help you avoid detours in your investment!
OANDA:XAUUSD
by EmilyShared
BTCUSD UPDATE : 27- 5 - 2025This chart shows a 1-hour time frame for Bitcoin (BTC/USD) on Bitstamp, with technical analysis indicating a potential bearish move. Here’s a breakdown of the chart: Price Range: The chart highlights a trading range between approximately $102,714 (support) and $112,053 (resistance), marked with yellow zones. Current Price: BTC is trading around $109,026. Bearish Signal: A blue arrow points downward, suggesting an anticipated drop in price. Pattern Suggestion: It looks like a potential double top or lower high is forming, signaling weakening bullish momentum. Target Zone: The arrow points towards the support zone around $102,714, implying that the chartist expects BTC to fall to that level. This type of analysis is often used for short-term trades and may involve setting stop-losses near $112,053 and profit targets near $102,714. Let me know if you'd like help interpreting this pattern further or backtesting the setup.
BITSTAMP:BTCUSDShort
by Mr_Zakrii
AMD: Short and Long Position IdeasThe current market structure indicates a potential bullish reversal within a broader descending channel. Following a previous decline of approximately 12.76% (−14.11 points), the price has staged a notable recovery, rallying 17.53% (+16.96 points) from a key horizontal support zone near 93.61. This area has historically acted as a demand zone, validating its significance with multiple touchpoints and a recent strong reaction. Currently, the price action is approaching a critical resistance zone near 115.81, which also aligns closely with the upper boundary of the downward sloping blue channel. A sustained breakout above this resistance would constitute a technical breakout from the bearish structure and could signal a shift toward a medium-term bullish trend. In such a scenario, the next target would be the horizontal resistance zone around 120–122, supported by previous highs and structural confluence. From a trade setup perspective, a long position could be considered on confirmation of a breakout and close above 115.81, with a target range of 120–122. A more conservative entry may be planned on a retest of the breakout level (115.81) as new support. Stop-loss levels could be strategically placed below the most recent higher low or the green support band near 105 to maintain a favourable risk-reward ratio. Conversely, failure to break above the resistance could trigger a reversion back to the mid-channel zone or retest of the 93.61 support level, favoring a range-bound or mean-reversion strategy in the short term. Overall, the chart suggests a tactical bullish bias, contingent on breakout confirmation and broader market momentum.
NASDAQ:AMD
by ganodgantomor
1