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Harmonic Patterns

Bullish Shark On $WIF's Monthly ChartI haven't really posted much on Carney's Harmonic Patterns, but as I was working on some material for The Litepaper, I glanced at dogwifhat's monthly chart and noticed it looked very much like shark pattern - but I wasn't even 80% sure. Had to pull out my notes. Turns out, dogwifhat's monthly candlestick chart is a perfect Bullish Shark Pattern AB = 0.982 of XA → Nearly a 1.0 retracement, which fits within the Shark's extended AB range (0.886 – 1.13 XA). BC = 0.992 of AB → Deep retracement, typical of Shark formations where BC is 0.50 – 1.00 of AB. CD = 1.147 of BC → Falls within the expected 1.13 – 1.618 BC extension for a Shark. XD = 1.125 of XA → Bulls-eye confirmation—Shark patterns complete at 1.13 – 1.618 XA extension, and your 1.125 is right in that range. Given Carney's rules, the targets are the 50%, 61.8% and full reversal of CD: $2.67 $3.04 $4.83 Will be fun to see how it plays out. If there's a dip below $0.40, then it's invalidated.
Long
by itsjustanalysis
1
2.25 Gold Strategy: Still bullish on the decline!2.25 Gold Strategy: Still bullish on the decline! Monday's strategy recommends going long at 2935 support and taking profits at 2951! Today we continue to stick to the low-long strategy! Gold still maintains a sideways consolidation mode. Today's opening fell from 2953 to 2929, and then rebounded and pulled up. The recent rhythm is also the same. This is why we have always emphasized bullishness and not chasing up. From the perspective of the European and US markets, the closing performance of the 4H cycle: The high space is further shrunk, waiting for a breakthrough and then increasing the volume again. In terms of operation, the idea of ​​going long on the decline remains unchanged. Lower support: 2930, 2916, and gradually look at 2955 and 2972 ​​above Operational suggestions: Go long near 2930 for gold, stop loss at 2922, and target 2955, 2962, 2972
OANDA:XAUUSD
by Louisa_King
Bearish in BTCI only see the signs. I hope it's not the case, but it looks like #Bitcoin will soon experience a price correction to around $80K to $75K. Patterns: A breakout of a significant resistance level, which I have marked in the image (Price Action). The opening of the Alligator indicator’s mouth, signaling the swallowing of indicators and the breakout of a large volume of selling fractals formed outside the Alligator’s mouth and below the jawline, along with the occurrence of two red candles (The Fifth Dimension) (Bill Williams). The Awesome Oscillator nearing zero. The breakout of resistance at point B in the chart pattern. The potential targets have been determined based on a cluster of Fibonacci convergence. I have also marked the stop loss for you. Entering this position is your own responsibility. I have already entered. Hoping for good profits.
Short
by pirooz_trader
GBP/USD – Bearish EHNW Pattern in Play!📉 Bearish Reversal Alert! GBP/USD has formed a Bearish EHNW Pattern, signaling a potential reversal near the 1.26720 – 1.26810 resistance zone. 🔍 Key Technical Insights: Price is approaching the 1.618 Fibonacci extension of the O-X leg, a critical level for pattern completion. The B-point retracement aligns with a 1.414 extension, reinforcing bearish confluence. If price respects the 1.26720 – 1.26810 zone, we could see a sharp rejection leading to a potential drop toward lower support levels. 📊 Trading Outlook: Bearish Confirmation: Watch for rejection signals in the resistance zone before entering short positions. Invalidation: A strong break above 1.26810 could invalidate the setup. Target Zones: Initial support levels around 1.26100 – 1.25800. 🔥 What’s Next? Will GBP/USD respect this bearish setup, or will bulls push through resistance? Drop your thoughts below & don’t forget to boost & share if you found this analysis valuable! 🚀📉
Short
by Mohammad_Mirdehghan
Gold Bearish Crab Signals Potential Reversal!FX_IDC:XAUUSD Gold is currently testing a critical resistance zone near $2,947, where a Bearish Crab harmonic pattern has formed. This structure suggests potential downside risk as price approaches exhaustion at this key level. 🔹 Technical Breakdown: 📌 Resistance: $2,956 📌 Bearish Crab PRZ (Potential Reversal Zone): $2,947 📌 Support Levels: $2,916 → $2,795 If gold fails to break and hold above $2,947, we could see a pullback toward $2,795, aligning with the monthly fractal resistance. However, a sustained move above $2,956 would invalidate the bearish scenario, potentially opening the door for further upside. Happy Trading, André Cardoso Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
FX_IDC:XAUUSDShort
by Andre_Cardoso
Gold is on dropXAUUSD is still in a Risingchannel  however its been in rangebound on 2920-2940 area. After 2 selling trades from 2940-41 ,we are watching market at moment, and our trades give 260 pips profit today What possible scenario we have? ▪️  if H4 closed below and 2920 weekly structure support break then we'll have 2890 on marks. ▪️on the other hand 2920 is a solid buy opportunity with minimal risk ,if 2920 sustained and after liquidity sweep   we'll again 2946 first and 2952 on mark .
FOREXCOM:XAUUSDShort
by Forexmaestro121
Bitcoin's Unbalanced move with the US electionsThe overall trend is still bullish, but the market needs to rebalance at $86,686 before it can push to new highs. Right now, the price action is not respecting bullish structure and is moving sideways in a consolidation phase. The market does not move in a straight line. Every strong move needs to be balanced before continuing. The price left behind inefficiencies during the last expansion, and the market seeks to correct these before the next leg up. Liquidity is key. Right now, there is an imbalance that needs to be filled, and resting liquidity below must be taken before the market can resume its upward trend. Smart money is not buying at current levels. They need better pricing and the market naturally moves to levels where institutional interest is highest. That level is around eighty-six thousand six hundred eighty-six, where a large amount of liquidity is positioned. The market is likely to dip into this level, take out weak-handed buyers, and trap sellers before pushing higher. A ten percent drop from here would bring the price into that area, where real accumulation can take place. Until then, any short-term rallies are likely to be liquidity grabs rather than true continuation. Please do not forget that this is a daily chart and we can see more liquidity grabs before reaching the target. This is an idea and nothing in the future is certain. With unexpected news we can see unexpected moves. COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD KRAKEN:BTCUSD BINANCE:BTCUSDT BINANCE:BTCUSDT28H2025
BITSTAMP:BTCUSDShort
by TradeConfirmed
1
NAS100 Analysis: Seeking Liquidity & Sell Opportunity🚨 NAS100 Analysis: Seeking Liquidity & Sell Opportunity 🚨 🔍 Current Condition: NAS100 is in a liquidity-seeking phase. Price is likely targeting areas with accumulated stops and orders, ready to sweep them. 📈 Sell Zone: The premium area would be the best place to look for a sell opportunity, typically when price is higher in the range, offering better risk-to-reward setups. 💡 Price Action: Look for rejection signs (candlestick patterns, order blocks, etc.) around the premium zone for confirmation. 📊 Strategy: Wait for price to reach a premium Observe for rejection (like a pin bar or engulfing candle) to confirm the sell. Set Stop Loss slightly above the premium zone and target lower levels where liquidity is likely to be absorbed. ⚡ Conclusion: NAS100 often reverses around premium levels when seeking liquidity. Timing is key, so stay patient and wait for confirmation before executing. Is this what you had in mind for your setup? Let me know if you want to dive deeper into the analysis! 😊
PEPPERSTONE:NAS100Short
by Asif_Brain_Waves
How can gold break its position as it continues to fluctuate?Recently, bearish voices have been rising in the market. The main point is that gold cannot rise, so it will fall. However, we can see that although the current price cannot rise, it cannot fall either, which is particularly obvious at the hourly level. After each retracement, there is a rapid bottoming out and a long lower shadow, which shows that the support below is strong, which is in the process of weakening the resistance sentiment of the bears and releasing the pressure of the bears. In the process of rising, it encounters short-selling obstacles. As the price continues to rise, the resistance increases, and it is necessary to reduce the burden through selling pressure so that it can be lightly equipped in the future. Therefore, the current cross line and repeated high-level fluctuations should be regarded as corrections. This correction will not change the upward trend and the rhythm of the bull market, but is for a better rise. Today's short-term gold operation ideas suggest that callbacks should be the main focus, and rebound shorts should be supplemented. The upper short-term focus is on the 2956-2960 first-line resistance, and the lower short-term focus is on the 2928-2930 first-line support. Short position strategy: Strategy 1: Short 20% of the gold position in batches near 2955-2958 in the early trading, stop loss 8 points, target near 2940-2935, break to see 2930 line; Long position strategy: Strategy 2: Buy 20% of the gold position in batches near 2930-2932 when gold falls back, stop loss 8 points, target near 2945-2955, break to see 2970 line;
PYTH:XAUUSDLong
by x7p2x7p2
BTC Rejects the 1.61 and Flirts with 1.27 Break. In a previous post I flagged up the 1.61 inflection point in BTC. After barcoding in this zone for a while we now have the early signs of rejection of the 1.61. In this type of setup the 1.27 becomes pivotal. Either we hold this area (with a small spike under) as support and then we rally to the 2.20 fib or the failure of this level is the failure of the uptrend. Looking mighty sketchy for a break now. 50K would be the capitulation target on a break.
BITSTAMP:BTCUSDShort
by holeyprofit
5
NZDUSD Short-term Channel Up aiming higher.The NZDUSD pair has been trading within a 20-day Channel Up and today hit its 4H MA50 (blue trend-line). Last time it did (February 18), it held and initiated a rebound marginally above the 1.236 Fibonacci extension. Given that the current pull-back is almost as strong (-1.30%) as the previous, but more importantly the 4H RSI hit its 1-month Higher Lows trend-line, we expect a rebound. Our Target is again the 1.236 Fib ext, this time at 0.57900. ------------------------------------------------------------------------------- ** 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
CHINA A50 Rebound expected.China A50 index (CN50) has been trading within a Channel Down since the October 18 2024 Low and is currently attempting to hold its 1D MA50 (blue trend-line) as Support. If successful, we expect this Bullish Leg to approach the top of the pattern. The shortest Bullish Leg rise has been +10.94% so a 13900 Target would be well within the risk limits. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:CN50Long
by TradingShot