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Harmonic Patterns

Gold/USD Wyckoff Distribution Breakdown – Trend Reversal or Buy Chart Analysis & Trade Setup: This XAU/USD (Gold/US Dollar) 4H chart illustrates a classic Wyckoff Distribution pattern, signaling a potential trend reversal. After reaching a buying climax, Gold has broken below key support, forming lower lows, which suggests further bearish pressure. Wyckoff Structure Breakdown: 1️⃣ Resistance Break – The initial bullish breakout created new highs. 2️⃣ Buying Climax (BC) – A strong move up exhausted buyers. 3️⃣ Automatic Rally (AR) – Price retraced but held above previous support. 4️⃣ Resistance Confirmation – Price tested resistance again, forming a double-top pattern. 5️⃣ Spring Formation – A false breakout attempt before distribution. 6️⃣ Lower Low Formation – The price has now broken below major support, signaling potential further downside. Trade Plan & Key Levels: ✅ Potential Long Entry: If price forms a bullish reversal pattern around 2,880 - 2,885 USD, traders may look for long positions targeting 2,920 - 2,940 USD. 📉 Bearish Continuation: If Gold fails to reclaim 2,900 USD, the next downside target is 2,850 USD. 🎯 Target 1: 2,920 USD (Short-term resistance). 🎯 Target 2: 2,940 USD (Key swing high). 🛑 Stop Loss: Below 2,865 USD to manage risk.
EIGHTCAP:XAUUSDLong
by NexusTradesZone
GOLD |BULLISH MOVEMENT and NEWS AHEAD...The gold price is currently moving within a key zone between $2,880 and $2,860. Technically, this zone is expected to influence the market direction. A rebound from this area could drive prices upward toward $2,908, followed by $2,935, and potentially reaching the previous high resistance level. However, if the price breaks below this zone, a sharp decline is anticipated, with the next support level at $2,809, and further downside potential toward $2,783. The market reaction will depend on the strength or weakness of the upcoming Durable Goods Orders, GDP growth, and Jobless Claims data, which will influence the dollar and overall risk sentiment.
OANDA:XAUUSDLong
by ArinaKarayi
EUR/USD Bullish Reversal Setup – Key Support at 1.0330-1.0367Overview: The EUR/USD 8-hour chart presents a bullish reversal scenario, with price retracing after breaking an ascending channel. The market is approaching a critical Fibonacci retracement zone (1.0367 - 1.0330), which aligns with a strong support level. A bullish rebound from this area could push price towards the supply zone near 1.0700. Key Technical Analysis: Rising Wedge Breakdown: Price recently broke below the ascending wedge, signaling a short-term bearish move. Fibonacci Retracement: The 0.5 (1.0367) and 0.618 (1.0330) levels act as potential reversal zones. Support Zone: The market is approaching a demand area where buyers are likely to step in. Reversal Expectation: A bullish bounce from the Fibonacci zone could lead to a strong move back toward the previous resistance area (1.0700 - 1.0750). Trade Plan: 📌 Entry: Look for a long position near 1.0367 - 1.0330 after bullish confirmation. 🎯 Target 1: 1.0500 (Short-term resistance). 🎯 Target 2: 1.0650 (Intermediate target). 🎯 Target 3: 1.0700 - 1.0750 (Major resistance). 🛑 Stop Loss: Below 1.0300 to minimize risk. Conclusion: EUR/USD is testing a crucial Fibonacci support zone, and if buyers step in, a strong rally toward 1.0700 is likely. Traders should watch for bullish confirmations before entering long positions. 📈 Bullish Bias – Watch for a Reversal from Key Support! 🚀
Long
by NexusTradesZone
2.27Technical analysis of gold:Technical analysis of gold: Top structure confirmed: After gold price reached 2950, ​​the top structure has been formed, and then there was a waterfall-like decline, breaking through the 2870 support level, confirming the top pattern. This means that it is difficult for gold price to return to the 2950 level in the short term. Short trend continuation: The 1-hour moving average of gold continues to form a dead cross downward, indicating that the short trend is still continuing. The gold price has refreshed the low point, and the downward space has further opened up. The short market has just begun. Operation strategy: The current rebound of gold is only short-term, and any rebound is an opportunity to short. It is recommended to continue shorting when it rebounds to around 2890-2885 and follow the trend. Support and resistance: Upper resistance: 2885-2890 is an important short-term resistance level. Lower support: 2830-2834 is an important short-term support level. Operation idea: Short-term operation is mainly rebound shorting, supplemented by waterfall callback long. Following the trend is the current main strategy, and the risk of counter-trend operation is relatively large.
OANDA:XAUUSD
by Louisa_King
USOILHead of OPEC The current head of OPEC, or more specifically, the Secretary General of OPEC, is HE Haitham Al Ghais. He has been actively involved in various international energy forums and has written extensively on energy transitions and climate challenges Fundamental Factors Affecting Oil Trade This Month Several fundamental factors can influence oil trade this month: 1. OPEC Production Levels Impact: OPEC's decisions on production levels can significantly affect global oil supply and prices. If OPEC decides to reduce production, it could lead to higher oil prices. Bias: Bullish for oil prices if production is cut. 2. Global Demand Impact: Economic growth in major oil-consuming countries like China and the U.S. can influence oil demand. Stronger economic growth typically leads to higher oil demand and prices. Bias: Bullish for oil prices if global demand increases. 3. Geopolitical Tensions Impact: Conflicts in oil-producing regions can disrupt supply, leading to price increases. Bias: Bullish for oil prices if tensions rise. 4. Climate and Energy Policies Impact: Shifts towards renewable energy and stricter climate policies can reduce long-term oil demand, potentially affecting prices. Bias: Bearish for oil prices if policies favor renewables. 5. Inventory Levels Impact: Changes in oil inventory levels can reflect supply and demand imbalances. Lower inventories suggest stronger demand or reduced supply, potentially boosting prices. Bias: Bullish for oil prices if inventories decline. WHAT IS SPR??????? The Strategic Petroleum Reserve (SPR) plays a significant role in influencing oil prices on a global scale by providing a buffer against supply disruptions and helping to stabilize markets during times of crisis. Here’s how the SPR affects oil prices: 1. Supply Buffer Impact: Releases from the SPR can increase the global supply of crude oil, which can help reduce prices by alleviating shortages and mitigating the impact of supply disruptions caused by geopolitical events, natural disasters, or other crises. Global Effect: This increase in supply can lead to lower oil prices globally, benefiting consumers by reducing fuel costs and helping to control inflation. 2. Market Sentiment and Expectations Impact: Announcements of SPR releases can also influence market sentiment. Even before the actual release, the anticipation of additional supply can lead to lower oil prices as traders adjust their expectations. Global Effect: This psychological impact can be significant, as it affects how investors perceive future supply and demand dynamics, potentially leading to price adjustments even before the physical oil is released into the market. 3. Short-Term vs. Long-Term Impact Short-Term: SPR releases can provide immediate relief by increasing supply and reducing prices in the short term. However, their impact is generally limited to a few months due to the finite nature of the reserves. Long-Term: Over the long term, SPR releases do not fundamentally alter global supply and demand dynamics. They are more of a temporary measure to stabilize markets during crises rather than a solution to chronic supply issues. Examples of SPR Impact Recent Example: In 2022, the U.S. released a significant amount of oil from the SPR to counter rising prices following the Russian invasion of Ukraine. This release, combined with international efforts, helped reduce gasoline prices by 17 to 42 cents per gallon in the U.S.23. In summary, the Strategic Petroleum Reserve affects oil prices by providing a temporary buffer against supply shocks, influencing market sentiment, and offering short-term relief during crises. However, its long-term impact on global oil prices is limited by its finite capacity. These factors can significantly impact oil prices and trading strategies this month.
FX:USOIL
by Shavyfxhub
GBP/USD Bullish Recovery – Key Levels for a Breakout & ReversalHello, buddies. Given the decline, the price has now established a solid floor, and we expect it to continue growing; nevertheless, we must enter a price correction, therefore we have selected the best possible support point for you... We will wait for a new ceiling to be registered before proceeding with the purchase transaction, but with careful risk and capital management. *Trade safely with us* Overview: The GBP/USD 4-hour chart shows a potential bullish reversal after a significant downtrend. Price has formed a double-bottom pattern and has broken out of a descending trendline, signaling a shift in momentum. The chart highlights key areas of support and resistance that traders should watch for confirmation of a sustained move higher. Key Technical Analysis: Fake Breakout: A false breakdown below the trendline in August led to a sharp recovery, confirming a liquidity grab before a bullish continuation. Trendline Breakout: The price has successfully broken the descending trendline (orange line), indicating potential bullish strength. Support Zones: Blue Zone (~1.2450 - 1.2500): A strong demand area where buyers may re-enter. Purple Zone (~1.2120 - 1.2200): A deeper support level, acting as the last line of defense for bulls. Fibonacci Levels & Targets: 1.2785: First key resistance level. 1.3022: A major resistance and potential breakout zone. 1.3242: Final bullish target if momentum continues. Trade Plan: 📌 Buy Limit Entry: Around 1.2450-1.2500 (if price retests the support zone). 🎯 Target 1: 1.2785 🎯 Target 2: 1.3022 🎯 Target 3: 1.3242 🛑 Stop Loss: Below 1.2400 to minimize risk. Conclusion: The GBP/USD pair is showing signs of a potential bullish reversal. A short-term pullback to the blue support zone could provide an optimal buying opportunity before a strong upward move. However, a break below 1.2400 could invalidate this bullish setup, leading to a deeper correction. 🚀 Bullish Bias if Key Support Holds! 🚀
Long
by NexusTradesZone
USD/JPY Bearish Reversal Key Resistance & Fibonacci Target ZonesOverview: This USD/JPY daily chart shows a potential bearish reversal setup after a break below key support and trendline structure. The pair has recently dropped below a critical demand zone (highlighted in green), which has now turned into resistance. The price is currently attempting a pullback, and a potential rejection from the resistance zone aligns with Fibonacci retracement levels, indicating a continuation of the downtrend. Key Levels & Technical Analysis: Previous Support Turned Resistance: The green zone represents a significant past support area that has now become resistance after a breakdown. Trendline Break: The upward trendline that supported price action for several months has been broken, confirming bearish momentum. Fibonacci Retracement Levels: 0.382 (151.265): A minor resistance level for a possible short-term rejection. 0.5 (148.979): A stronger resistance, aligning with structure. 0.618 - 0.786 (145.053 - 143.582): The ultimate bearish targets, coinciding with Fibonacci retracement extensions. Bearish Projection: The expected scenario suggests a short-term retracement towards the 151.265-148.979 resistance zone. If the price faces rejection, a strong bearish continuation could target 145.053 and ultimately 143.582. Trade Plan: 📌 Short Entry: Around 151.265 - 148.979 if price rejects resistance. 🎯 Target 1: 145.053 (0.70 Fibonacci) 🎯 Target 2: 143.582 (0.786 Fibonacci) 🛑 Stop Loss: Above 152.000 to invalidate the bearish setup. Conclusion: The overall sentiment for USD/JPY is bearish after breaking a key trendline and support level. Traders should watch for a pullback into the resistance zone, followed by a bearish rejection for a potential short trade. However, a break above 152.000 could invalidate this setup, shifting momentum back to the bulls. 📉 Bearish Bias Until Key Resistance Holds! 📉
Short
by NexusTradesZone
Stay ready for the breakout and trade wisly📉 ETHUSD Technical Analysis Update – 4H Time Frame 📈 1️⃣ ETHUSD is currently forming a descending channel. 2️⃣ Recently, the price has entered a consolidation zone. 3️⃣ A breakout from this consolidation area will confirm the next move. 4️⃣ If ETHUSD breaks out above the resistance, a strong buy signal will be confirmed. 5️⃣ The ideal entry level for a long position is at $2870. 6️⃣ The target for this breakout move is set at $3400. 7️⃣ EMA 50 is acting as dynamic support in the current price action. 8️⃣ The 4-hour time frame shows increasing buying pressure. 9️⃣ A successful breakout could lead to a strong bullish rally. 🔟 Traders should monitor the breakout confirmation before entering a position. 1️⃣1️⃣ A fake breakout could lead to price retracement, so risk management is crucial. 1️⃣2️⃣ If ETHUSD fails to break out, it may continue consolidating. 1️⃣3️⃣ A breakdown below the support could signal further downside movement. 1️⃣4️⃣ Volume analysis will help in confirming the strength of the breakout. 1️⃣5️⃣ A higher timeframe confirmation will add more reliability to the setup. 1️⃣6️⃣ Bitcoin’s price movement may also influence ETHUSD’s direction. 1️⃣7️⃣ MACD and RSI can be used to confirm bullish momentum. 1️⃣8️⃣ A close above $2870 on the 4H timeframe strengthens the buy signal. 1️⃣9️⃣ Patience is key while waiting for a confirmed breakout. 2️⃣0️⃣ Traders should set stop-loss levels to manage risk effectively.
BITSTAMP:ETHUSDLong
by professionalman088
5
SOLUSD Weekly Outlook: Bullish Shark PatternUPDATE Bullish Shark Completion & Emerging Divergence Shark Pattern in Play: Following our previous analysis, BINANCE:SOLUSD has completed the Bullish Shark pattern at the 0.886–1.13 retracement of the 0-X leg. Price action is now reacting around this deeper PRZ, suggesting a potential reversal may be underway. DMI Delta Divergence: We’re seeing a bullish divergence between price and the DMI Delta—an early sign that bearish momentum could be fading. This divergence reinforces the likelihood of a bounce from the current levels. If this divergence is confirmed with a strong bullish candle or surge in volume, it may validate the Shark pattern and open the door for a trend reversal. Keep stops below the 1.13 extension to manage risk, and watch for price targets around the 38.2% or 61.8% retracement of the new leg.
BINANCE:SOLUSDLong
by J_O_S_E_
2.27 Today's gold price: Test 28802.27 Today's gold price: Test 2880 Gold is currently in a wide range of fluctuations, and a double-needle bottoming pattern appears in the 4H cycle, and the Bollinger Bands are closing, indicating that the short-term market may maintain a volatile pattern. The lower support is near 2880, and the upper pressure is near 2921 and 293​​2. Suggestions: Long operation: Go long near 2880-2890, stop loss set at 2860, and look at 2921 and 293​​0. This strategy is based on the effectiveness of the lower support level, assuming that the price will rebound after hitting the support level. Short operation: If the price fails to break through the pressure level near 2932-2930, short-term shorting can be considered. This strategy is based on the effectiveness of the upper pressure level, assuming that the price will fall after hitting the pressure level. Overall, maintain the idea of ​​oscillation, low long and high short, and follow the range fluctuations of the market. In addition, this weekend coincides with the closing of the monthly line, and market volatility may increase. It is recommended to strictly control positions and risks when operating to avoid large losses caused by sudden market fluctuations. I will publish specific strategies at the bottom of the article at the appropriate time
OANDA:XAUUSD
by Louisa_King
Regulation Will Filter the Noise—$OM Is Built to LastUnpopular opinion: Regulation will separate the serious projects from the noise 🧵 Look at MANTRA: - Fully licensed by VARA in Dubai - Strategic backing from Shorooq Partners, with deep regional ties - Actively working within the UAE’s regulatory framework for tokenizing real-world assets While some projects scramble every time regulators make headlines, MANTRA has already built the foundation to work with governments, not against them. That stability is why BINANCE:OMUSDT holds up even when the market turns ugly. In the next cycle, compliant ecosystems handling real assets will attract the biggest capital — and BINANCE:OMUSDT is already sitting at that table. Real assets, real value — $20 is closer than you think. #MANTRA #RWA #CryptoRegulation #UAE #Altcoins
Long
by sangakara687
Real-World Assets & MANTRA: The Future of Tokenization is HereJust toured DAMAC’s newest luxury development — one of the many real-world assets that could soon be tokenized on MANTRA chain. Seeing these real, physical assets in person hits different. It’s clear why BINANCE:OMUSDT stays green while speculative coins bleed out. When you combine Google Cloud’s infrastructure, Zand Bank exploring new integrations, and the first VARA DeFi licensing, it’s clear why institutions are paying attention. $10 is looking more realistic every day — and we’re only getting started. #RWA #MANTRA #CryptoNews #BTC #OM
Long
by yasiraamin74
$OM’s Supply Crunch: The Perfect Storm for a Major BreakoutBINANCE:OMUSDT staking metrics reveal something fascinating: 33% of supply locked → historically precedes major price moves Why does this matter? With less available supply on exchanges, any surge in demand — whether from retail or institutions — can push the price higher, faster. Combine that with #MANTRA’s growing institutional pipeline, the recent launch of RWAccelerator (with Google Cloud’s backing), and the overall momentum in the #RWA narrative, and the ingredients for a major supply squeeze are already in place. When CRYPTOCAP:BTC stabilizes, these diamonds hands + institutional pipeline = inevitable push beyond $10 #Staking #DeFi #YieldFarming #NFA #Altcoins
Long
by daniieeljoseph
$OM Defies Uncertainty, Surging Towards $10While markets waver in uncertainty, BINANCE:OMUSDT confidently breaks through resistance with remarkable momentum 📈 🔹 Extraordinary 43,000%+ growth since Oct '23 🔹 Rock-solid $6.90-$7.20 support level holding strong 🔹 UAE sovereign backing + SEED_TVCODER77_ETHBTCDATA:1B + tokenization pipeline creating unstoppable momentum 🔹 Exclusive RWA project partnered with industry giants DAMAC, MAG & Google Cloud 🔹 33% of supply staked, showing unwavering holder conviction The road to $10 looks clearer every day. NFA.DYOR #MANTRA #OM #Binance #CryptoNews
Long
by saadxa_l_i_3
XAU/USD: Will it rise again?Today, gold has experienced a significant decline. We have been insisting on shorting gold this week and have made huge profits. Today, it has tested the key support level near 2860. If you still have orders in your account that are in a loss-making position, you can reduce the losses during this upward movement and then close the orders. Later, follow my strategy to restore your account. In just one week, the account has made a profit and increased from 40K to 150K. It is about to achieve the target of 200K. If you also need accurate signals or want to copy my trading orders, you can click on the link below the article to obtain them.
FOREXCOM:XAUUSDShort
by Kill_the_dealer
QCOM in Buy ZoneMy trading plan is very simple. I buy or sell when at three of these events happen: * Price tags the top or bottom of parallel channel zones * Money flow spikes beyond it's Bollinger Bands * Stochastic Momentum Index (SMI) at near oversold overbought level * Price at Fibonacci levels So... Here's why I'm picking this symbol to do the thing. Price in buying zone at bottom of channels Stochastic Momentum Index (SMI) at oversold level Money flow momentum is spiked negative and under at bottom of Bollinger Band Entry at $158.5 Target is upper lower channel around $172
NASDAQ:QCOMLong
by chancethepug