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Harmonic Patterns

OPUSD (1W) - buy the dipHi traders, Here it is my idea for a long position on OPUSD (1 week time frame). the price hit a local high in April 2024 and hit another high in November 2024, meanwhile the price hit the SMA that acted as a resistance and the price bounced back and is currently experiencing the pullback. The idea is to enter in the buy area, which is determined by a previous resistance zone that can be a support for a bounce up now. The buy area is between 1.968 and 1.703. We will put our first take profit at 3.014 where there was an high in April 2024 and the second take profit at 4.526 where there is the higher high. Good luck!
COINBASE:OPUSDLong
by vf_investment
Ethereum to 10KMy estimate is that Ethereum will drop more in the short term along with the altcoin market as a whole, towards some form of a liquidity sweep of the lows (yellow, because it is the next support area) before reclaiming the macro range eq (green). If this happens, I'd expect a consolidation near the range highs (Red), otherwise if it becomes an expedited recovery then we straight push all time high (very possible). This is ESPECIALLY expedited if we recover the EQ faster than this chart suggests. This is not a chart to display my time-prediction, but rather the structure of price I would predict on a macro scale which could easily be translated into a weekly timeframe. Question is, how low can we get involved for? I think we are short on time for that, as this prediction would give us traders more time than likely warranted. Remembering, we could be due for weeks of consolidation, therefore I personally DCA every chance I get; dollar cost average. If you compare this chart to, say, Bitcoin in 2016, the similarities are surreal. This is a macro (long time frame) consolidation before a major, major , expansion, in my opinion. Trade safely, trade wisely. Vatsik
BITSTAMP:ETHUSDLong
by cryptovatsik
USDJPY💡The chart shows technical analysis of the USD/JPY currency pair on the daily time frame (D1). If the price remains within the liquidity zone, there may be an opportunity to sell with a target towards support levels (S1 or S2). If the price breaks the liquidity zone to the upside, it may head to the next resistance (R.1). MACD indicator: It indicates clear upward momentum, which supports the continued rise to resistance areas. However, you should constantly monitor the indicator, especially if the green bars start decreasing or red bars appear, to identify any possible reversal. We wait for the selling momentum to start. ⛔️It is not investment advice for educational purposes only.
by Adhamcurrency
ETHEREUM short term campaignBUY ETH AT MARKET - 3570: The trade begins with purchasing ETH at the current market price, which is around 3570. This entry point is chosen based on an analysis suggesting that ETH might be undervalued or at a support level from which it's expected to rise. Take Profit Levels: TP1 at 3838: The first take-profit point is set at 3838. This level represents a short-term goal where we anticipate ETH's price will reach due to immediate market momentum or a minor resistance level being broken. By securing profits here, you're ensuring some return on the investment while still keeping the trade open for further potential gains. TP2 at 3930: After the first profit-taking, we set our sights on 3930. This target is slightly higher, suggesting continued bullish momentum but not overly aggressive, maintaining a balanced risk-reward ratio. It's an acknowledgment of the market's ability to continue its upward trend if the initial breakout is strong. TP3 at 4104: This level indicates a more significant bullish shift, where we expect ETH to push through another resistance. Setting a take-profit here allows for capturing gains from a more substantial market move, indicating confidence in ETH's performance based on technical or fundamental analysis. TP4 at 4444: The final take-profit point at 4444 is ambitious, signaling a strong belief in a prolonged bullish trend. This level could be seen as a new high or a significant psychological threshold, potentially marking ETH's entry into a new valuation bracket. It's designed for those willing to ride out larger market swings for potentially higher rewards. Risk Management: Remember, this trade allocates between 1% and 5% of your portfolio, typically closer to the lower end. This ensures that even if the market doesn't reach all take-profit levels, or if there's a reversal, the impact on your overall portfolio is minimal. The strategy here is to capitalize on incremental gains while maintaining strict control over exposure to market volatility. This setup reflects a step-by-step approach to trading ETH, aiming for multiple profit targets to optimize returns while still adhering to a conservative investment strategy.
COINBASE:ETHUSDLong
by saturnv4
2
GBPJPY long DXY longLast week was a big week for GBP with interest rate freezing at 4.75%, although 3 members voted to reduce the rate instead of the forecast 1, core inflation has slowed up but still remains too high for now. The labour market proved to be balanced. UK's major issue still lingering is the governments autumn budget which has a lot of data to collect before we see the measure of their changes. Japan is showing high interest rates relative to the norm, but also boasts high economic growth with the annoyance of high labour costs. The move last week after the interest rate announcement will be completely retraced before the next move up. Another factor is the DXY which relative to the JPY moves inversely. DXY since the US election has been bullish and I can see it continuing, last week we saw a correction due to PCE data and now we have a free rein. GBPJPY long with targets of 199, 201, 204 support right now is 196.6, a move direct from here would be extremely bullish and a quick move back to 198-199. If we move lower than 196 invalidates my thesis. Idea is based around DOL at 199, trend continuation with fib 1.618 and FVG at 201. Support was prior news resistance level. This is not financial advice for anyone, its solely my take on predicting the next move for GBPJPY. happy holidays
Long
by PLaceUrBetsPlease
GLAXO - PSX - Technical AnalysisGLAXO on Daily TF is moving up in a parallel channel, and presently at the support of channel. RSI has a bearish divergence present. Moreover, since 28 Oct 2024, KVO was in a bullish state but today on 09 Dec 2024 it has changed to bearish as it has dipped below zero level indication a likely retracement. Fib retracement up till 38.20% will be very good to define a prominent HL for the next leg of AB=CD pattern. Even retracement up to 50% can not be ruled out. My Trade Values Buy-1: 333 Buy-2: 310 TP-1: 455 TP-2: 531 SL: 287 In case price goes up from here taking support from the parallel channel then it will go up to hit TP-1 and then retrace to make at HL and then next leg of AB=CD pattern will begin whose Target should be TP-3.
PSX:GLAXOLong
by Golden_Spur
theta long midterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Long
by Golden_candle