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Harmonicpattren

ARC Bullish Reversal? Perfect Harmonic Setup + Break of LHs#ARC has been in a downtrend, but a perfect harmonic pattern has now formed on the 2H timeframe, signaling a potential bullish move. Key Bullish Signs: ✅ #Harmonic Pattern Completion ✅ Bullish Divergence on #RSI ✅ Break of Previous #LHs (Sign of Reversal) ✅ Strong Support Zone Identified 🔥 Trading Plan: Long at CMP with SL below the harmonic low. TP1, TP2 and TP3 marked on the chart. 💬 What do you think? Are we ready for a bullish breakout? Drop your thoughts below! 👇👇
BINANCE:ARCUSDT.PLong
by mudusir
4
A Bullish Bat on NZDUSD AND A Potential Bullish Shark WEEKLY: Price has bounced off of weekly support with a bullish candle and the bullish candle has a rejection below. A NEW STORY IS ABOUT TO BEGIN DAILY: We have a CHOCH on the daily to the upside. price is coming back to retest a level of support. we have a bullish shark on the daily, but 1.13 of XA is yet to be tested, AND 2.24 OF BC PROJECTION IS YET TO BE TESTED. (Obstacle). hopefully, the retest holds H4: NO SET UP , CONFIRM CHOCH. H1 and H2: A BULLISH BAT WITH CONFIRMED CHOCH, WE ENTER AT THE RETEST OF THE SUPPORT. TARGET NEXT WEEKLY RESISTANCE AT 0.5917 ( though am planning on swinging it) STOP LOSS: RECENT LOW, (28 PIPS)
Long
by TheGreatCapital
EURNZD:Likelihood of Convergence of 2 Emerging Harmonic PatternsHello traders, Trust you are doing great. Below is my analysis of EURNZD currency pair. The EURNZD pair, currently trading at 1.78462, is showing potential for a rally due to the convergence of two emerging harmonic patterns: a bearish Cypher and a bearish Butterfly. Both patterns suggest a potential move toward 1.81648, where their D leg projections align. Key Highlights Bearish Cypher Pattern: X Leg: 1.82737 (October high) A Leg: 1.78362 B Leg: 1.80714 D Leg Target: 1.81648 Bearish Butterfly Pattern: X Leg: 1.80714 A Leg: 1.77412 (November low) B Leg: 1.80401 C Leg: 1.77857 D Leg Target: 1.81648 The convergence at 1.81648 strengthens its significance as a potential resistance level and a critical zone to watch for a reversal. Invalidation Point A break below 1.77412 (November low) would invalidate both patterns and shift the outlook to bearish. Conclusion This alignment suggests a short-term rally, but the bearish nature of both patterns implies a possible reversal near 1.81648. Do let me have your thoughts. Cheers and happy trading!
Long
by Samuel124
1
Hi! Let’s analyze Cardano (ADA) and create a trading strategy!Current Price: $1.120 All-Time High (ATH): $3.10 RSI: Approaching the overbought zone, which could lead to a short-term pullback. What’s on the chart? Cardano is maintaining its strong upward momentum, moving confidently within a bullish trend. The breakout of key resistance levels is supported by increasing trading volumes. However, technical indicators suggest that a short-term correction might occur before the next upward move. When I analyze the market, I always focus on a few critical aspects: 1️⃣ Trend: ADA is currently in a strong uptrend, supported by increasing volumes and strong buyer activity. 2️⃣ Support and Resistance Levels: Key resistance is around $1.30, while support is located at $1.10 and $1.00. 3️⃣ Volume: Rising trading volumes confirm the strength of the current trend. 4️⃣ Indicators: RSI (Relative Strength Index) is nearing the overbought zone, signaling the possibility of a short-term correction. I rely heavily on Midas Multi Indicator, which helps me see: Entry and exit points. Market manipulations by big players. Support and resistance levels. This tool saves time and provides a clearer understanding of the market. However, it’s important to remember that it’s just a tool, not a magic button. You still need to think critically and analyze the market yourself. My Trading Plan: Buying Strategy: Enter partially at the current levels. Set limit orders at $1.10 and $1.00 to average in case of a short-term correction. Selling Strategy: Take partial profits around $1.50 - $1.65 (the next resistance zone). Hold the remaining position for a potential move back to $3.10 (ATH) or even higher if the trend continues. Important Reminder: I’m sharing my actions and strategy, but this is not financial advice. Every decision you make should be well-thought-out. I trade with my own capital and take full responsibility for my mistakes. Trading based solely on other people’s signals is not a sustainable approach. No one can choose the perfect entry or exit points for you. Tools like Midas Multi Indicator can help you better understand the market, but it’s essential to use your own logic and analysis alongside them. Risks and Opportunities: Risk Level: Moderate (a correction could happen at any time). Timeframe: 2–6 weeks. Potential Profit: +165% if ADA retests its ATH. Let’s Discuss! What are your entry points and targets for ADA? Share your thoughts in the comments — let’s analyze and find the best opportunities together! And, of course, don’t forget to like this post 🚀 if you found it useful! Your feedback motivates me to share even more valuable insights.
Long
by VctMid
BTC/USDT.P updateDaily candle closed belowed the mid point of a major seller zone, meaning seller are in control and we are likely to see some more bearish action this coming week.... We have also completed a bearish Crab harmonic pattern with TP1 set for 76397.5 and potentially TP2 for 65889. HTF harmonics are usually pretty accurate so I think the daily time frame retrace I've been looking for is potentially coming soon. Be ready. @Nate Alert Please don't blindly trade short lol, make sure you do proper risk management and only enter at price points that are reaction zones
Short
by Nate36989
Where from here can go BTCUSD BTC Long BTC Short How far can #BTCUSDT go? Is the top close, before we see a bigger pull back? Will We See Bitcoin Over $100k? I think that at this moment, although we have great euphoria that we will very soon see a break above the magical $100k, at least according to some other indicators, we may see an all time high (ATH), but I think that after that we will see that bigger pull back. We have that before (I pointed 2 years ago) and even I give where can be bottom. If that happens, some will call it "fakeout" or "deviation", but I think it could just be an EXPANDING FLAT that often appears as a correction, very often as the fourth wave in the Elliott wave fraction. B wave, from ABC correction, as a rule, ends beyond the beginning of A wave (in this case it is ATH), 105% - 138% of wave A, while the target for C (the final leg of ABC) is 123.6% - 161.8% of wave AB. Several indicators, if we see a new ATH soon, will create divergences (RSI, AO, etc.), which can usually be an indication of an exhausting movement. Also for this idea I see a couple of harmonic patterns that make confluences for these targets. As I said, the price has not yet reached those areas, but this is something I will keep in mind if we see the new ATH soon. It is also interesting to see on the 1D time frame some harmonic patterns that were very important in certain moments. I hope for everyone who wants to see Bitcoin over $100k soon, that this idea will not be correct. In any case, time will tell if I am right and I will try to update as soon as I see some important changes.
BITSTAMP:BTCUSD
by CryptoArch_
Bullish Butterfly EURUSD DailyLooks like EURUSD is forming a Bullish Butterfly pattern as the Dollar strengthens across most pairs. I'm looking for the pair to continue decline into support around 1.0575-1.0675, consolidate and possibly dead cat bounce before proceeding towards the 1.05 range. I'm also looking for the 14-period RSI to enter oversold territory during this time, which I project may go through the end of November. I'm currently already short, having racked up ~300 pips. My current stop loss is about 150 pips trailing.
by thetradeWELL
USDCAD - Technical Analysis [Long & Short Setup]🔹 USDCAD Analysis on 1HR chart - The current Trend Seem neutral - Bearish Divergence is Present - No Reversal pattern - Found Harmonics AB=CD Pattern - Waiting for a Break of Structure for Confirmation Either at Point C or At Point B. - If point C break we short. - If point B break we long. 🔹 Trade Plan At Point C - Entry Level = 1.35589 - Stop Loss = 1.36036 - TP1 = 1.35137 - TP2 = 1.34681 🔹 Trade Plan At Point B - Entry Level = 1.36297 - Stop Loss = 1.35783 - TP1 = 1.36757 - TP2 = 1.37213 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
by Bountysoul
GOLD h1 chart analysis 100%Follow the instructions. If the price consolidates between $2502 and $2505, gold may touch the $2494 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH). Bullish Opportunities: 1. 2500 - 2502 2. 2477 - 2487 Bearish Opportunities: 1. 2510 - 2512 2. 2546 - 2560 (Only if the Strong resistance level Breaks and Gold Reaches its new high). Possibility: waiting for geopolitical situation as it getting worsting. I'll Update as it needs to be updated. Use proper risk management Or money management and follow my instructions properly. Don't forgot to support by liking or following!!
FOREXCOM:XAUUSD
by sabellaFX