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Harmonic Patterns

Overlap resistance ahead?Dow Jones (US30) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which is a pullback support. Pivot: 43,351.87 1st Support: 41,852.98 1st Resistance: 44,363.95 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:US30Short
by ICmarkets
1
Ethereum Eth usd daily analysis Time frame 4hours Risk rewards ratio =2 👈👌 Technical analysis 👇👇 As you can see in the chart, Ethereum has formed a double top(peak) pattern. The distance from the top to the bottom has dropped by about 14%. So, according to the double top pattern, we should have the same amount of drop from the bottom of the second peak. -14%again. This Ethereum price decline has ended with a support level. (Dark blue box ) 👉Which is a very important point.👈 On the other hand, according to Elliott wave counting, the 3-point correction wave has also ended and Ethereum is starting an impulse wave. ✔️ There is also news about the start of the Alt-Season, and we know that one of the factors for the start of the Alt-Season is negative sentiment towards the market.📉📉 and now most analysts and traders expect a price decline, which can be good news for buyers.👌👍
COINBASE:ETHUSDLong
by Habib-Tafazoli
AUDCAD: Bullish Harmonic Pattern and Risky Counter Trend TradeAUDCAD: Bullish Harmonic Pattern and Risky Counter Trend Trade AUDCAD has completed a bullish harmonic pattern near 0.8955. The price reaction so far looks promising, and the chances for a larger bullish wave are increasing after a prolonged bearish trend. However, it is still early and risky, as the overall trend remains downward, but our targets are not too far away. Additionally, the RBA was not particularly dovish during the recent RBA interest rate decision, which could be another reason for AUDCAD to show some bullish momentum before the end of the year. You can find more details in the chart! Thank you!
Long
by KlejdiCuni
2
GOLD--> Just one step away from $2700Hello everyone, Ben here! Last week, we witnessed a significant drop in gold prices, with the precious metal hitting a low of $2,583 at one point. Currently, gold is trading around $2,623, maintaining a stable position this week. The rebound in gold prices at the end of last week was supported by the weakening USD and a decline in U.S. Treasury yields. This was driven by the latest economic data, which revealed that U.S. inflation is slowing down, easing the pressure on gold prices. Personally, I, Ben, strongly believe that the upward trend for gold will gain more certainty in the coming period. However, gold must break through the current resistance levels to further expand its growth potential. On the other hand, if the price falls below the $2,620 support level, it could drop further to the dynamic support at $2,600. From there, we might expect the upward trend to resume, with potential targets at $2,650 and $2,700 in the foreseeable future. Stay sharp and trade wisely! Yours truly, Bentradegold.
OANDA:XAUUSDLong
by Bentradegold
1
Bullish Alert: DGB's Path to 300% Gains!DigiByte (DGB) recently saw its price surge dramatically. Now, it's testing a key price level that acts as support. Think of this support level as a safety net; if the price falls below it, the drop could be more significant. Successfully holding above this support would be a positive sign for the cryptocurrency. If DGB manages to maintain its position at this support level, we believe it could lead to another significant price rise, potentially up to 300% over the medium term. A successful retest would likely encourage more buying activity, pushing the price higher and creating a bullish trend for DGB.
by TheCryptoCity
Bullish tendency is broken 101-102K for sellingMorning folks, So, BTC was not able to stay above predefined support area and drop right back to the daily 92-95K level. It means that existing bullish context on daily chart is done. In general, this is reasonable - we're going to the Xmas Holidays and inauguration. There are a lot of uncertainty with coming D. Trump policy. Especially when JPowell said that the Fed doesn't intend to own any BTC... so inner conflict is ready. So, retracement might be deeper in nearest month. Since BTC is overextended down a bit, the first thing we expect upside technical bounce, somewhere to 101-102K area. Then, if we're correct in our analysis, downside reversal should happen with potential H&S pattern.
COINBASE:BTCUSDShort
by Sive-Morten
Technical Analysis of Johnson & Johnson Stock (JNJ)This chart for JNJ illustrates a technical setup within a descending channel. Key Fibonacci retracement levels (38.2%, 50%, and 61.8%) are highlighted, indicating potential zones of support and resistance. The analysis suggests a three-part buying strategy: an initial purchase at the current market price (CMP) near a double-bottom structure, a second purchase around the $138–$136 range (61.8% Fibonacci level), and a third at the $133–$135 channel bottom. A stop loss is defined at $130 on a closing basis to manage downside risk, emphasizing disciplined trading within the defined channel boundaries.
NYSE:JNJLong
by jayshafiq2
USDJPY H1 I Bearish Breakout?Based on the H1 chart analysis, we can see that the price is falling to our sell entry at 157.04, A bearish breakout. Our take profit will be at 156.22, which is a pullback support level. The stop loss will be placed at 157.80, which is a swing high level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Short
by FXCM