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Harmonic Patterns

Will gold bottom out and rebound due to non-agricultural data?Gold began to fall sharply after hitting around 2390, but it did not continue to fall today, and continued to rise. The highest test during the day was 2757.60, which also continued the overall bullish trend momentum. Although it is not a very strong performance, it does not show a weak performance pattern after the gold price temporarily encountered resistance. The lower support position of gold is near 2739, which is expected to bottom out and rebound, and the upper resistance level is 2771, 2782. In addition, data prices fluctuate greatly and quickly, so pay attention to risk control!
TVC:GOLDLong
by Donald-trading-star
CADCHF Strong short-term buy signal.The CADCHF pair is about to test its 4H MA50 (blue trend-line) as it is coming off a 2-month Support Zone rebound. A break above the Channel Down would confirm the buy signal but with the price within a consolidation Rectangle pattern, the risk of buying after a Support rebound is low. At the same time, the 4H RSI also rebounded exactly on its 30.00 oversold barrier. Similar rebounds have delivered at least a +1.37% rise, so at this stage our Target is 0.62700. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
GOLD Analysis | Intraday Chart ForecastGold prices rise in early European trade after sliding in the previous session, with investors awaiting U.S. payrolls data for more insights on the Federal Reserve's next policy move. Futures trade 0.5% higher at $2,764.00 a troy ounce following a 2% fall on profit-taking and increasing bets that the U.S. central bank will take a more cautious approach to rate cuts in the months ahead. "The fact that the core PCE rose the most on a monthly basis since April--along with strong spending and robust growth data released earlier this week--trimmed the Fed cut bets," Swissquote Bank's Ipek Ozkardeskaya says in a note. Still, prices continue to be supported by strong demand for safe-haven assets due to heightened geopolitical risks in the Middle East and uncertainty around the U.S. election. 🔴 TECHNICAL ANALYSIS ------------------------------- That said, Gold failed the bullish impulsive structure triggering a bearish leg that pushed the price directly to the potential support area around 2732. If Gold manages to hold this area (already touched once), we do not exclude an irregular wave B, with a potential new Top in wave 5. If our impulsive structure had not failed, above the 2,800 area it would have been interesting to try to sell Gold (see chart/analysis below). That said, let's take one step at a time, and therefore our focus will be on the support area, for now. 📊 POTENTIAL SELL TRADE ----------------------------------- Thanks for watching & support.
OANDA:XAUUSDLong
by TheAnonymousBanker
AMD Can it survive this horrific week?On August 13 (see chart below) we called the start of the new long-term Bullish Leg on Advanced Micro Devices (AMD), as a week before it entered the 2-year Higher Lows Zone and rebounded: Still, the road (green Channel Up) isn't without its hurdles, and one of them is this week where the price is again being brutally sold towards the Higher Lows Zone. Notice that during the previous 2-week correction (August 26 - September 03 1W candles), the Zone's top was tested and held. As a result, the multi-year trend remains bullish and will be this way for as long as the Higher Lows Zone holds. It is interesting to observe at this point that the Bearish Phase of this pattern (March 04 - August 05) was in the shape of a Bearish Megaphone and can be compared to the one that bottomed on October 10 2022 and practically started the new Bull Cycle. Notice also that so far each Bullish Leg (green Channel Up) rose by +141.87%. Within this comparison, and if we plot the Fibonacci levels from the Leg's bottom to top, we can see that the first Bullish Leg also had a rejection on the 0.618 Fib level and pull-back below the 0.786 into the Higher Lows Zone. Obviously the current correction isn't ideal but it is not something we haven't seen and is within the tolerance levels of this 2-year pattern. We expect another +141.87% rally to be concluded on this Bullish Leg, so our Target is straight up $295.00. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
Bitcoin (BTC): Sharp 5% Rejection From Major ResistanceBitcoin has made a nice 5% of marketprice movement after getting rejected from our major resistance zone (near ATH). So far, the price has done a good move and we are looking for further movement to happen to lower zones where the first target is $66K (where the unfilled CME gap is sitting at currently). The new month has started with a sharp sell-off so let's see how far this downward movement will lead us. Swallow Team
Short
by SwallowPremium
5
XAUUSD at Resistance: Breakout or Pullback?The XAUUSD chart shows gold striving to maintain its upward momentum from the support zone at 2,742.979. With the 89 and 34 EMAs providing solid support, prices are inching closer to the resistance level around 2,789.741. This is a key price area where sellers may ramp up pressure, potentially interrupting the current uptrend. If gold breaks through this resistance, it could trigger another leg up. However, failure to hold may result in a pullback to the 2,742.979 support zone. Investors are closely watching U.S. election uncertainties and the Federal Reserve’s policy direction.
OANDA:XAUUSD
by Zola_Hello
BNBUSD VIew!!The Blockchain Forum 2025 takes place in Moscow with over 12,000 guests from 100 countries. Such large events often bring attention to featured projects and can lead potential investors to buy tokens like BNB and Bitget. The gathering opens opportunities for partnerships and announcements that could trigger price movements. Being global, this event might boost the visibility of participating cryptos, creating a positive impact on their prices. However, it will depend on the news and deals shared during the event.Read more.
FX:BNBUSDShort
by FXBANkthe8055
BNB Thesis AI Today - new version 1.1 - Read the Action Plan!! Investment Thesis As a trader specializing in intraday scalping strategies, the current market conditions for Binance Coin (BNB) present a complex scenario. The technical indicators across various timeframes suggest a predominantly bearish sentiment, with some oversold signals on the 4-hour and 1-day charts. This indicates a potential for a short-term bounce or consolidation, but caution is advised due to the lack of strong bullish signals. Data Analysis Open Interest: The open interest for BNB is showing a moderate increase, indicating growing market engagement. Weighted Funding Rate: Slightly positive, suggesting that long positions are favored. Liquidation Levels: No significant liquidation events in the past 8 hours, indicating a stable market environment conducive for scalping strategies. Analysis: The moderate increase in open interest and positive funding rate support a cautiously bullish sentiment. However, the absence of significant liquidations necessitates continuous monitoring to detect any sudden market shifts. CoinMarketCap Data Market Capitalization: Approximately $21 billion. Circulating Supply: 132 billion BNB. 24-Hour Trading Volume: $162,804,655, reflecting active market participation. Liquidity Score: High, ensuring ease of entry and exit for trades. Market Cap Fluctuations: Slight fluctuations align with observed price movements, supporting a scalping approach provided that robust risk management strategies are in place. Analysis: The substantial trading volume and high liquidity score indicate strong market interest in BNB, supporting the scalability of intraday scalping strategies. Stable circulating supply and market cap further reinforce the potential for sustained trading activity. Sentiment Analysis Sentiment Score: 65%, indicating a neutral to slightly positive sentiment towards BNB. Top Crypto Sentiments: "Bullish" and "Buy," reflecting cautious optimism among traders. Implications: The moderately positive sentiment suggests potential for a short-term price rebound, aligning with the observed technical indicators and supporting the decision to hold long positions with vigilance. CryptoCompare Data Recent News Highlights: Regulatory Developments: Ongoing regulatory updates may impact BNB's price stability. Technological Integrations: Announcements regarding integrations with new platforms can influence trading dynamics. Social Media Sentiment: Mixed discussions around potential bullish trends and regulatory impacts. Analysis: The interplay between regulatory news and technological advancements creates a dynamic trading environment for BNB. Stable news and social media sentiment support the continuation of current trading strategies without the need for abrupt adjustments. Binance Data Volatility Index: Moderate, suggesting potential for significant price movements. Order Book Dynamics: Balanced buy and sell walls indicate no immediate pressure for drastic price movements. Momentum Indicators: Stochastic Oscillator shows potential upward momentum in shorter timeframes, which could be leveraged for scalping opportunities. Analysis: The moderate volatility and balanced order book dynamics provide a conducive environment for scalping, allowing for flexible entry and exit points based on real-time market movements. Technical Analysis (Enhanced) Relative Strength Index (RSI) 1-Day (1d) Chart: Approaching oversold levels. 4-Hour (4h) Chart: Neutral to slightly bearish sentiment. 1-Hour (1h) Chart: Neutral position. Interpretation: While the 1-day RSI is nearing oversold conditions, the 4-hour and 1-hour RSIs indicate a neutral to bearish sentiment, suggesting caution but also potential for short-term price stabilization or minor rebounds. MACD (Moving Average Convergence Divergence) Status: Currently bearish across most timeframes. 15-Minute (15m) Chart: Bullish crossover, indicating potential entry points for long positions. Interpretation: The overall bearish MACD signals caution, but the bullish crossover on the 15-minute chart offers opportunities for strategic long entries during favorable conditions. Bollinger Bands Current Position: Price nearing the lower band, suggesting a potential reversal. Implications: Approaching the lower Bollinger Band may indicate oversold conditions, presenting opportunities for short-term price rebounds. Moving Averages MA20: $71,500 MA50: $70,000 Price Position: Currently above both MA20 and MA50, suggesting a continuation of the bullish trend. Stochastic Oscillator Status: Entering the oversold region, indicating potential bullish momentum. Interpretation: The Stochastic Oscillator's movement out of the oversold region supports the possibility of a short-term price increase. Average True Range (ATR) Status: Rising, indicating increasing volatility. Implications: Higher volatility presents both opportunities and risks for scalping strategies. Traders should adjust stop-loss and take-profit levels accordingly to manage potential sudden price movements. Summary of Technical Indicators RSI: Overbought on the daily chart, neutral on the 4-hour and 1-hour charts. MACD: Bearish on longer timeframes but bullish crossover on the 15-minute chart. Moving Averages: Price above MA20 and MA50 supports the bullish trend. Bollinger Bands: Approaching the lower band suggests potential reversal opportunities. Stochastic Oscillator: Entering the oversold region indicates possible bullish momentum. Volatility Analysis Average True Range (ATR): Rising, indicating increasing volatility. Implications: Higher volatility is favorable for scalping, providing more significant price movements that can be capitalized on. However, it also increases the risk of rapid losses, necessitating strict risk management strategies. Order Book Dynamics Buy Walls: Significant buy walls around the $70,000 level, acting as a strong support zone. Sell Walls: Sell walls near $72,000 may cap upward movements. Analysis: Strong buy walls provide a safety net against significant price drops, while sell walls can limit upward price movements. Traders should monitor changes in order book depth to anticipate potential shifts in market sentiment. Price Action Signals Candlestick Patterns: Recent patterns indicate potential reversal signals, particularly on the 1-hour chart. Breakouts/Reversals: Watch for breakouts above resistance at $72,931.8400 or reversals at support levels to guide entry points. Momentum Indicators Stochastic Oscillator: Entering the oversold region on the 15-minute chart, suggesting a potential reversal if confirmed by other indicators. Momentum Indicators: Indicate a slight uptick, supporting the possibility of a short-term bullish move. Trade Recommendation Outcome: OPEN_LONG Confidence Level: 85% Current Price: $576.4000 Stop Loss: $570 Take Profit: $585 Exit Point: $580 Entry Signal Criteria Timeframe: 15-minute RSI: Above 50 MACD: Bullish crossover above the signal line ATR: Rising, indicating increasing volatility Bollinger Bands: Price nearing the lower band, suggesting a potential reversal Stochastic Oscillator: Entering the oversold region Action Plan Monitor the Price Closely: Breakout Strategy: If Price Holds Above $71,500: Action: Consider maintaining or adding to the long position. Adjust Stop Loss: Tighten the STOP_LOSS to $70,700 as the price approaches resistance levels to minimize potential losses. Take Profit Strategy: As Price Approaches $73,500: Action: Consider taking profits. Adjust Exit Point: Move the EXIT_POINT to $73,000 to secure profits. Risk Management: Set Stop Loss at $69,500 to limit potential losses. Take Profit at $72,000 to capitalize on expected price movement. Exit Point at $71,800 as an intermediate target. Be Prepared to Act: If RSI Falls Below 50: Action: Indicate a potential reversal; consider taking profits or adjusting positions accordingly. Monitor Market Sentiment: Stay informed about any changes in market sentiment or technical signals that could impact the trade outcome. Important Considerations Only recommend OPEN_LONG when enhanced indicators align to signal a strong entry point. Avoid entries during high-risk periods. Continuously monitor for sudden changes and adjust the strategy to prevent losses due to unexpected price movements. Assumptions/Limitations This analysis is based on current market conditions and available data. Rapid market changes may affect the accuracy of predictions. Always consider personal risk tolerance and market volatility when trading.
Long
by titankarma
XLMUSD November historically starts the parabolic rally. BUY.Stellar Lumens (XLMUSD) has been trading below its 1W MA50 (blue trend-line) since the week of April 08, consolidating in what is technically a wide Accumulation Phase on every Cycle below a Lower Highs trend-line. Having entered November today though, sparks a wave of optimism in the market as historically on a 4-year frequency, this month is very bullish as the Cycle's Parabolic Rally starts. What basically confirms it is a break above the Lower Highs trend-line and of course the 1W MA200 (orange trend-line), which always have emphatic rejections (July 10 2023, August 17 2020, September 16 2019) during the first stage of the Bull Cycle. As a result, it is a good time to buy now that the price is close to its 2-year lows. Naturally the Target can't be above the All Time High Zone (consisting of the last to Cycle Highs), our take is its bottom at 0.800. ------------------------------------------------------------------------------- ** 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:XLMUSDLong
by TradingShot
4
The One&Only BTCUSD update price fractal V-shape recovery 74 000🔸Hello traders, today let's review 4 hour price chart for BTCUSD . This is no-nonsense update with no MACD, no RSI, no fibonacci, no elliott waves on the price chart. Just pure price action with logical price targets based on recent price history of the BTCUSD. 🔸On the right we got two major recent V-shape recovery price fractals in BTCUSD, the latest was in September 2024, high at 64 300 then low was printed at 54 146 after 17% pullback. Then low to new high at 66 114 completed the V-shape recovery sequence for a 23% gain off the lows. 🔸Other V-shape recovery also started off with the high near 72 994 then 17% pullback and low was printed at 61 919, so this was a 16% pullback off the highs. Then the low to new high at 72 520 completed the V-shape recovery sequence for a 19% gain off the lows. This was in March 2024. 🔸On the left, the current market situation high was set at 72 680 expecting a low at/near 61 969, so this is a 16% pullback off the highs. Then to complete the V-shape recovery price will pump 20/21% off the lows resulting in new high printed at/near 74 600 usd to complete the V-shape recovery sequence. 🔸Recommended strategy bulls: wait for pullback to complete near 62 000 usd and enter BUY/HOLD trade with price target set at/near 74 000 USD. for a total of 20% unleveraged gains with low risk. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
CRYPTO:BTCUSDLong
by ProjectSyndicate
17