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Harmonic Patterns

EURCAD BUY | Idea Trading AnalysisEURCAD is moving in an UP trend channel. The chart broke through the dynamic Resistance line.. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
3
XAUUSD 1Hour According to the XAUUSD 01Hour time frame there i have used ARC pattern market is going to breakout it and it will touch the support which is 2610, Even i used the RSI Divergence indicator which seems like still falling, as there is no any bull tag in it. entry price ; 2645 stop loss ; 2655 take profit ; 2630-2625. resistance level is 2674 support level is 2610 keep following & get massive profits, guys your likes and your support is giving me more energy to give you more setups & updates here.
OANDA:XAUUSDShort
by Fx_Publu_Trader
USD/MXN Holding the Rising Trendline, Key Resistance in SightChart Analysis: The USD/MXN pair continues to respect the rising trendline (black), maintaining its bullish structure. Price action remains constructive as it hovers near 20.25, with a key resistance level around 20.80. 1️⃣ Rising Trendline Support: The trendline, initiated from mid-June lows, has consistently supported price dips. This upward trajectory remains intact for now. 2️⃣ Key Resistance Zone: The 20.80 level (horizontal black line) marks a critical resistance area, where price struggled to break higher earlier this month. A move above this could signal renewed bullish momentum. 3️⃣ Moving Averages: 50-day SMA (blue): Price remains above the 50-day SMA at 20.12, confirming short-term bullish strength. 200-day SMA (red): The longer-term bullish trend remains intact, with the 200-day SMA rising steadily around 18.55. 4️⃣ Momentum Indicators: RSI: Hovering near 51.41, signaling neutral momentum. Traders may watch for a push into overbought territory if price challenges resistance. MACD: The MACD remains flat, with the signal line just above zero, suggesting indecision in short-term momentum. What to Watch: A sustained break above 20.80 could signal continuation of the bullish trend and bring new highs into focus. If the rising trendline fails, traders may monitor the 50-day SMA near 20.12 as a key support level. USD/MXN remains bullish within its rising trendline structure, with the 20.80 resistance level standing as a critical hurdle. Momentum and price action suggest a key decision point ahead. -MW
by FOREXcom
Silver (XAG/USD) Testing Long-Term Trendline SupportChart Analysis: Silver prices are approaching a key rising trendline (black) that has supported the market throughout 2024. This level could provide a pivotal point for the next directional move. 1️⃣ Rising Trendline Support: The trendline, drawn from the January 2024 low, has consistently acted as support. Silver is currently testing this level around $30.39, which aligns with a potential decision zone. 2️⃣ Moving Averages: 50-day SMA (blue): Price has slipped below the 50-day SMA at $31.64, suggesting near-term bearish pressure. 200-day SMA (red): The longer-term trend remains intact, with the 200-day SMA rising steadily near $29.57. 3️⃣ Momentum Indicators: RSI: Hovering at 42, showing weakening momentum but not yet oversold. Traders may monitor for divergence signals. MACD: The MACD line is below zero, with a slight bearish crossover forming, reinforcing a cautious outlook. What to Watch: A decisive move below the rising trendline could bring the 200-day SMA ($29.57) into focus as the next key support. On the other hand, a bounce from this trendline might signal renewed bullish momentum, with resistance likely at the 50-day SMA ($31.64). RSI and MACD movements could offer early clues for price direction. Silver is at a technical crossroads as it tests critical long-term trendline support. Traders will be watching closely for confirmation of the next move. -MW
FOREXCOM:XAGUSD
by FOREXcom
1
Swing thesis by Titan_Karma (low % of confidence lvl)Investment Thesis Market Overview: The cryptocurrency market is currently quiet, with no significant news driving sentiment. This leaves Bitcoin (BTC) dependent on technical and financial indicators for direction. Traders should adopt a cautious approach and stay updated for any developments that could shift momentum. Market Sentiment Analysis: Bullish Long-term Sentiment: Over the past month, an increase in long positions indicates confidence among top traders. Short-term Weakness: 1-hour and 4-hour timeframes reveal a shift towards short positions, signaling bearish sentiment in the immediate term. This mixed outlook suggests the possibility of short-term pullbacks while maintaining an overall positive trajectory. Technical Analysis: Daily Chart: Indicators like the RSI and Stochastic Oscillator are in overbought territory, hinting at a potential pullback or consolidation. However, the MACD remains positive, showing that bullish momentum is still in play. Short-term Timeframes (1h & 4h): RSI levels are near neutral, and the 1-hour MACD has turned negative, signaling possible weakness in the short term. Traders should monitor these indicators closely for trend changes. Fundamental Analysis: BTC has shown strong upward momentum over the past few months, backed by rising trading volumes and sustained market interest. However, the absence of fresh news and current mixed signals warrant caution, particularly around potential resistance levels. Risk Management Strategy: Given the conflicting signals: Stop-loss: Tighten stops at $104,000 to lock in profits. Take-profit: Aim for $110,000, based on key resistance levels. Key Indicators: Watch the RSI and MACD closely for any signs of trend continuation or reversal. Trade Recommendation: The recommendation is to HOLD/BUY, focusing on the longer-term bullish trend while managing short-term volatility. Confidence remains moderate at 78%, reflecting mixed sentiment. Adjust stop-loss and take-profit targets based on real-time market developments to optimize risk-reward.
Long
by titankarma
The boat with the altcoins is SINKING!I see a picture that altcoins are overheated very much both by indicator and channel. Everything is in equinox and harmony in this world. TOTAL3 is turning downward. I will be ready to buy back altcoins at the price of the middle of the channel - 167 bln. Carefully. 578-600 days are full cycles, in sum I see that the price of TOTAL3 has peaked. If we add up the height of the 2nd red wave and the 3rd green wave, we get the height of the first green wave, so everything came to equilibrium and confirms further market reversal. 578-600 days are full cycles, in total I see that the price of TOTAL3 has peaked.
CRYPTOCAP:TOTAL3Short
by lol-lol
8
Reliance - Time to decide.The chart is self-explanatory as always. The price is at a crucial juncture. The 1250 level is holding up for now. If it drops with a good volume, We may see some down move to the previous swing level. The question is, Will it bounce back?? Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
NSE:RELIANCE
by TheChartereds
ETHEREUM: UNDERVALUED? WHAT IS THE NEXT MOVE?!In my opinion, Ethereum is currently very undervalued. However, I could see a potential correction to the downside in the short term to liquidate excessive leverage. Once the next weekly candle closes above the trendline, I believe Ethereum could experience a strong price surge upwards, potentially reaching the all-time high, and then targeting Fibonacci levels. Potential Scenarios: 1: Breakout Above Trendline: A close above the trendline on the weekly chart could signal a bullish move towards new highs. 2: Downside Correction: A slight dip could be seen to clear out leverage before a potential move upwards. What do you think the next Ethereum move will be? Is it more likely to be scenario 1 or 2? Let me know your thoughts!
BITSTAMP:ETHUSDLong
by maxim53