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Harmonic Patterns

Gold price final game: 3300Gold price final game: 3300 Today's gold price is on the verge of collapse, but the direction divergence still exists, with long and short intertwined. Pay attention to the 3300 support. The entire triangle convergence and oscillation pattern has been broken, and the important support platform before 3330 points has been broken. Regardless of how the policy is announced, shorting is inevitable. Next, the bulls will enter the final bottom-picking stage: Buy: 3300-3310 Stop loss: 3290 Target: 3330-3340+ Technical analysis: Short-term support level: 3300 Short-term resistance level: 3330-3345 Market sentiment: The gold market sentiment presents a pattern of long and short intertwined and weak volatility. In the short term, pay attention to the $3300 support level and the Fed's interest rate cut policy signal. If the Fed turns to interest rate cuts or geopolitical conflicts escalate, gold may resume its upward trend. Daily operation suggestions: Long-term thinking: Bottom-picking thinking: Bottom-picking range: 3300-3310 Stop loss: 3290 Target: 3330-3345+ Short-term thinking: Trend-following thinking: High-altitude range: 3320-3330 Stop loss: 3345 Target: 3300-3280-3250 Final game of gold price: 3300 Today's gold price is on the verge of collapse, but the direction divergence still exists, and long and short positions are intertwined. Pay attention to the 3300 support. The entire triangle convergence and oscillation pattern has been broken, and the important support platform before 3330 points has been broken. Regardless of how the policy is announced, shorting is inevitable. Next, the bulls will enter the final bottom-picking stage: Buy: 3300-3310 Stop loss: 3290 Target: 3330-3340+ Technical analysis: Short-term support: 3300 Short-term resistance: 3330-3345 Market sentiment: The gold market sentiment shows a pattern of mixed long and short positions and weak volatility. In the short term, pay attention to the $3,300 support level and the Fed's interest rate cut policy signal. If the Fed turns to interest rate cuts or geopolitical conflicts escalate, gold may resume its upward trend. Daily operation suggestions: Long-term thinking: bottom-picking thinking: bottom-picking range: 3300-3310 Stop loss: 3290 Target: 3330-3345+ Short-term thinking: trend-following thinking: high-altitude range: 3320-3330 Stop loss: 3345 Target: 3300-3280-3250
OANDA:XAUUSD
by Louisa-2025
ETHEREUM Long Outlook – Grand Supercycle Perspective(2025.05.21)Hello everyone, This is SeoVereign, operator of the SeoVereign Team. Today, I would like to share an Ethereum analysis based on the daily (1D) chart for the first time in a while. Before reading this post, please refer to the idea I uploaded on April 18, 2025, through the link below. It will help you better understand the context: 🔗 (Clicking the image will take you to the corresponding link.) If you look at the April 18 idea, you’ll see that I presented a bullish outlook based on the Deep Crab pattern. This analysis is a continuation of that idea. Through years of research, I’ve observed that when a Deep Crab pattern sees a rebound from the PRZ (Potential Reversal Zone), the trend that begins from that point tends to extend for a long time. If you look closely at the chart, you’ll also see the 2.24 Fibonacci extension level. Some people messaged me saying, “Since it went above 1.902 and even exceeded the 2.0 Fibonacci line, isn’t this Deep Crab invalid?” However, I’ve studied harmonic patterns in depth for a long time and have set my own Fibonacci criteria based on that research. In this particular Deep Crab case, I define the invalidation level as 2.24. Therefore, I judged that the pattern is still valid, and this allowed me to forecast a long-term bullish trend. Back to the main point, Based on this Deep Crab pattern, I’ve consistently maintained a bullish outlook on the daily chart, and so far, there have been no clear signals indicating a reversal into a bearish trend. Thus, I would like to post a continuation of the bullish outlook on the daily chart. On May 19, 2025, there was a sharp drop around the 2,587 USDT level. At that time, our team expected the bullish trend that started from around 2,447 USDT to hold its low and continue. However, the price broke below 2,447 USDT and made a new low. We then closely monitored Bitcoin’s movement in response. Typically, strong volatility occurs before a major trend begins. Bitcoin was also showing significant volatility at the time. So we concluded: “Let’s maintain a bullish stance, but do not be fully convinced until the previous high of 2,587 USDT is clearly broken upward.” And by the time this post is published, we’ve confirmed that the price has indeed broken above 2,587 USDT. Therefore, I have come to the conclusion that the bullish trend is still valid. Based on this, I present the following three target levels. 🎯 SeoVereign’s Ethereum Bullish Targets 1st Target: 3,000 USDT 2nd Target: 3,400 USDT 3rd Target: 3,700 USDT The market still shows strong volatility. I sincerely hope you all trade wisely and calmly, achieving great returns, and may great fortune be with you both in trading and in life. I’ll see you again in the next daily analysis. Thank you. - SeoVereign
Long
by SeoVereign
Excellent profits is closed 300 pips tp Hit I mentioned throughout Today's commentary session: My strategy is still the same – sell from 3338-3340 Gold around my key level at 3345-3340, which the market respects well and as our first target was 3318 then 3305 Very happy with the profits so far. My medium-term targets remain 3290 which is pending but 300 pips achieved alhumdullilah. I sold gold from every local high. Also I mentioned 3340 turns retest and I opened my sell trades and 300 pips TP HIT PROFITS All I say thanks to those who followed us and made profits.
FOREXCOM:XAUUSD
by Forexmaestro121
BTC Long Outlook – Grand Supercycle Perspective (2025.05.21)Hello everyone, This is SeoVereign, the operator of the SeoVereign team. It's been nearly a month since I returned to TradingView and started posting ideas again. During that time, I’ve frequently shared short-term ideas based on minute charts. However, since real-time responses are crucial in short timeframes, there are practical limitations in explaining all the reasoning behind our analysis in detail each time. But when it comes to larger timeframes like the daily chart, we have a bit more flexibility. So I see this as a valuable opportunity to explain our thought process and key reasoning more thoroughly. Now, let’s get into the Bitcoin daily chart briefing. Please refer to the following link first. This is a post I made on April 18, 2025: 🔗 At the time, I shared the view that the upward wave starting near 75K had the potential to extend to 88K and even 96K. However, it was difficult to determine exactly how far the wave would extend at that point. Now, I want to make one thing very clear. If someone uses wave theory to say something like "Bitcoin will definitely go to X price," that person is either a scammer or someone who fundamentally misunderstands wave theory. Elliott Wave Theory can be somewhat useful in anticipating short-term moves, but it has clear limitations when applied to long-term predictions. After many years of studying Elliott Wave Theory in depth, I've come to a simple but important conclusion: "You cannot predict the distant future with technical analysis alone." That said, there is one exception: very short-term movements — the immediate price action right in front of us — can often be approached with some confidence using technical analysis. Here’s an example. If someone bought Bitcoin at 10K and says, “I’m going to sell at 100K,” while it hasn’t even broken past 50K, that’s just reckless optimism. But if Bitcoin has already approached 100K, and several bearish signals are starting to emerge and become confirmed, that’s when we can begin considering short positions. The key is to make decisions based on the data right now — not based on hopes or assumptions. That was a long introduction. Now, let me explain why I believe Bitcoin could break to new all-time highs and possibly reach as high as 130K. As I mentioned in the April 18 post, I believe an Ending Diagonal was completed around the 74K region, and I anticipated an upward impulse wave to follow. In my view, the current market structure clearly suggests we are in an uptrend. Many of you have reached out via private messages asking, “What kind of wave are we in right now?” But in this case, that question doesn’t hold much value. Whether this current move is part of an impulse wave or a corrective structure, what matters is that the price is going up. If, for instance, the A-wave has completed — as confirmed by Fibonacci — then the B-wave would follow, and we can plan accordingly with long positions. Or, if the ABC correction is already over, then a new impulse wave could be starting. Either way, the key takeaway is that we’re likely in an upward phase. Back to the main point: A Deep Crab harmonic pattern formed near 74K, and that zone concluded with an Ending Diagonal, which is now leading to a bullish reversal. I've studied harmonic patterns for years, and in the case of the Deep Crab, the upper boundary of the Potential Reversal Zone (PRZ) is typically around the 2.24 Fibonacci extension. As long as this level is not broken, the pattern remains valid. And when a reversal happens near the 1.618 or 1.902 zones, it’s often a highly reliable bullish signal. So, what are our targets in this current rally? 🎯 SeoVereign’s Target Strategy 1st Target: 109,000 2nd Target: 118,600 3rd Target: 128,100 Right now, before the market enters a full-scale bullish breakout, we’re seeing unusually high volatility. In times like this, staying calm and grounded is more important than ever. I sincerely wish all of you the best of luck in navigating this volatility, and may a wave of growth come to your accounts as well. 🍀 I genuinely hope great fortune finds its way to all of you. See you in the next daily briefing. Thank you. — SeoVereign
Long
by SeoVereign
GOLD Reawakened: Corrects firmly but conditions remain bullishFrom a technical perspective Gold is climbing in a parallel channel, clearly bullish with a rhythm that’s hard to ignore. Price just bounced off the resistance with force, a classic overextension flush. And the market is now approaching the lower boundary of this projected channel. This confluence of technical support is likely to attract renewed buying interest. I expect it to bounce back toward 3,410, somewhere around the middle of the channel. The move up may not be determined right away. It could be consolitaing, fake dips first, or sudden acceleration.
OANDA:XAUUSDLong
by TrendDiva
68
SILVER WEEKLY UPDATE - Dead Cat Bounce Setup📉 SILVER – 1H TIMEFRAME - Inverted cup and handle pattern Silver tested support around 112,800–113,000 after a rounded top formation, rejecting the key EMA zones (25 & 55) and the previous demand-turned-supply zone. 🟠 Scenario Unfolding: Expecting a short-term bounce towards 113,750–114,200 (EMA cluster zone) — this could act as a dead cat bounce, offering an opportunity to re-enter shorts. Confluence Factors: • Rounded top structure • EMA resistance • Weak macro data (Durable Goods Orders down -9.3%) • Risk-off sentiment supportive of range contraction 🔻 Primary Bias: Bearish Continuation After the bounce: • Short Entry Zone: 113,800–114,200 • Target: 111,250 • Risk:Reward ≈ 1:2 ⚠️ Invalidation: Sustained close above 114,700 . 📌 Note: Watch price action closely near 114,000 – this is the decision point for the next leg. #CrudeOil #naturalgas #MCXCrude #PowerOfCommodity #TriangleBreakout #TradingViewIndia #EnergyMarkets #TechnicalAnalysis Comment below if you think it Will retest then fall?
MCX:SILVER1!Short
by Shalvisharma5
2
XAUUSD Does it need to test the 1D MA100 first?Gold (XAUUSD) is attempting to break below its Triangle formation just 4 days after marginally breaking above it. This has invalidated that pattern so after breaking also below its 1D MA50 (blue trend-line), it could technically go for a 1D MA100 (green trend-line) test for the first time since January 06 2025. If it does, there will be more probabilities for a stronger than before rebound to make a new High. Our Targe is the 2.0 Fibonacci extension at $3620. Keep also an eye on the 1D RSI Buy Zone, which has been giving the most optimal buy signals since April 07 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:XAUUSDLong
by TradingShot
PenguCurrent Situation (as depicted in the image):** * **Asset:** PENGUINSDPERP PERPETUAL MIX CONTRACT (presumably a cryptocurrency perpetual future). * **Timeframe:** 4D (4-day candles). * **Your Position:** You are in a short position, and it looks like you are currently in profit, as indicated by "my short with profit." * **Your Exit/Take Profit:** The blue line marked "SL" (which is typically Stop Loss, but you've indicated it as your "exit") is at approximately $0.017000. * **Price Action:** The price has recently experienced a significant upward move, currently trading around $0.043089. * **Moving Averages/Indicators:** There are several lines that appear to be moving averages or similar indicators (green, light blue, dark blue). The fast VWMA is 45, and the slow RMA is 48. * **Resistance/Supply Zones:** There are red boxes indicating potential resistance or supply zones. One is currently being tested around $0.043-$0.045. Another lower one was previously breached. * **Support/Demand Zones:** There's a green box indicating a potential support or demand zone around $0.009-$0.010. **Trading Idea - Managing Your Current Short Position:** Given that you're already in a short position and in profit, the key is to manage it effectively. **1. Re-evaluate Your "Exit" (Blue Line at $0.017000):** * You've stated the blue line at $0.017000 is your "exit." If this is your **Take Profit (TP) target**, it's quite ambitious given the current price of $0.043089. This would imply a very significant drop. * If this was originally your **Stop Loss (SL)** for a *previous* long trade that you've now flipped to a short, or if it's a stop-loss for *this* short trade but you misspoke, it's very far below the current price and would mean you'd take a huge loss if the price were to rebound from current levels to that point while you're short. * **Clarification Needed:** Please clarify if the blue line is your Take Profit for the short, or if it's an old stop loss, or something else. For the purpose of this idea, I will assume it's your *intended Take Profit for the short position.* **2. Adjusting Your Strategy Based on Current Price Action:** The price is currently challenging a significant resistance zone. This offers a few possibilities for managing your short: * **Scenario A: Strict Adherence to Original Plan (Risky if $0.017 is TP):** * If your target is genuinely $0.017000, you are aiming for a massive drop. This is a high-risk, high-reward strategy. * **Idea:** Hold your short, but **definitely move your stop-loss down to protect your profits.** Do NOT keep your stop loss above the current price if you are short. Place it just above the current resistance zone (e.g., around $0.047000 - $0.050000) to limit potential losses if the price breaks higher. * **Scenario B: Partial Profit Taking & Trailing Stop Loss (Recommended):** * Given the significant run-up and the current resistance, it's prudent to secure some profits. * **Idea:** 1. **Take Partial Profits Now:** Close a portion of your short position (e.g., 25-50%) at the current price levels ($0.043000 - $0.045000). This locks in some profit immediately. 2. **Move Stop Loss (SL) to Break-Even or Above Entry:** For the remaining portion of your short, move your stop-loss to your original entry price (or slightly above it to guarantee some profit, even if the price reverses completely against you). This creates a "risk-free" trade for the remainder of your position. 3. **Set Trailing Stop Loss:** As the price potentially moves lower (in your favor), continuously trail your stop-loss downwards, maintaining a fixed distance (e.g., based on a percentage, ATR, or previous swing highs). This allows you to capture more of the downside while still protecting profits. 4. **Consider Intermediate Take Profit Targets:** Instead of waiting all the way down to $0.017000, consider setting intermediate take-profit targets at key support levels, such as: * The top of the previous support zone (around $0.012000 - $0.013000). * The green demand zone (around $0.009000 - $0.010000). * **Scenario C: Aggressive Short Re-entry/Adding to Short (Higher Risk):** * If you strongly believe this is a significant top and the price will reverse sharply, you could consider adding to your short position if you see clear bearish confirmation (e.g., rejection from the current resistance, a bearish engulfing candle, or a break below immediate support). * **Idea:** Wait for a clear bearish reversal pattern on a lower timeframe (e.g., daily or 12-hour) around the current resistance. If it appears, consider adding a small amount to your short. **Crucially, ensure your overall position size remains manageable, and use a tight stop-loss for this additional entry.** **Important Considerations:** * **Risk Management:** Always define your maximum acceptable loss per trade. * **Position Sizing:** Do not over-leverage. * **Market Context:** What is the broader market sentiment for cryptocurrencies? Are there any fundamental news events that could impact this asset? (The chart itself doesn't provide this, but it's important to consider). * **Timeframe Alignment:** Your "exit" at $0.017000 is a long-term target on a 4D chart. Be prepared for potentially long holding times and significant volatility if you're aiming for such a large move. **In summary, the most prudent approach is likely Scenario B: take some partial profits now, secure your remaining position with a tight stop-loss (at least at break-even), and consider trailing it down as the price moves in your favor. Reaching $0.017000 from current levels would be a substantial move, requiring careful management.**
Short
by B-Bro
BITCOIN One last rally left in the tank?Bitcoin (BTCUSD) has been on a non-stop rally following the April 07 2025 rebound on its 1W MA50 (blue trend-line). Being inside a 3-year Channel Up since the November 2022 market bottom, that was the second time it rebounded on the 0.236 Channel Fibonacci level. The previous one was during the last Bullish Leg, which was a +106.37% rise, absolutely symmetrical with the Channel's first such Leg in late 2022 - most of 2023. If the September 2024 (Higher Low) on the 1W MA50 was the start however of a greater expansion Leg similar to late 2023 - early 2024, which delivered a +197.23% rise, we can claim that by October we may see it peaking at around $155500. That seems to agree with the majority of Cycle Top models we have come up after many analyses. Do you think that will be the case? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
2