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Harmonicpatterncollection

EUR/USD Technical Analysis – Potential Reversal SetupThe EUR/USD 1-hour chart displays a recent downtrend with a series of lower highs and lower lows, forming a bearish market structure. The Harmonic patterns such as the Bat suggest potential areas of reversal, aligning with Fibonacci retracement levels. A Change of Character (ChoCh) at the latest low (XA 0.7872) signals a possible shift in trend. The presence of bullish reaction points, marked by green triangles and yellow circles, suggests buying pressure is increasing. Additionally, the projected upward trendlines indicate possible price targets at 1.08476 (T1) and 1.08885 (T2) . The oscillators at the bottom indicate oversold conditions, reinforcing the likelihood of a bullish correction. However, confirmation via price action and volume is necessary before entering long positions. A break above key resistance levels would further validate the upside potential.
Long
by BeaucoupPips
USD/CHF: Bearish Continuation Towards Key SupportUSD/CHF has maintained a strong bearish trend, forming a series of lower highs and lower lows. The chart highlights a **Deep Crab** harmonic pattern, which previously triggered a corrective move before resuming its overall downtrend. Currently, price action is trading near **0.8767**, approaching a key support zone at **0.8722** (HOP level). The recent rejection from the **H4 supply zone** around **0.8920** further confirms bearish momentum, suggesting sellers remain in control. **Key Considerations:** - A breakdown below **0.8722** could accelerate further downside, extending losses towards lower psychological levels. - A potential pullback may occur if buyers step in at support, but the overall bearish structure remains intact unless a significant reversal signal appears. **Conclusion:** USD/CHF remains under bearish pressure, with a high probability of further declines. Traders should monitor price action at support for potential continuation or reversal signals before committing to new positions.
Long
by BeaucoupPips
2
EUR/JPY Market Analysis: Potential Reversal at Key Resistance LeThe EUR/JPY pair, on the 4-hour chart, exhibits a strong bullish impulse that recently peaked around 163.64 , aligning with a key Fibonacci extension level (1.618). This area marks a critical resistance zone, where price action has shown signs of rejection. The Harmonic pattern, such as the b]Crab , suggest potential exhaustion of the uptrend. The latest leg upward reached a 2.618 extension , reinforcing the possibility of a corrective move. Support levels to monitor include ** 162.23 ** (BC) and ** 160.59 ** (T1), which could serve as downside targets if bearish momentum gains traction. For traders, a decisive break above **163.64** could invalidate the short-term bearish bias, paving the way for further upside. Conversely, sustained rejection from this level may trigger a deeper retracement towards key Fibonacci and harmonic support zones. Conclusion : The pair is at a critical inflection point, where price action and confirmation of rejection signals will determine the next directional move. Traders should watch for price action at resistance and key support levels to assess trade opportunities.
Short
by BeaucoupPips
USD/CAD - Harmonic Patterns and Momentum IndicatorsTechnical Analysis of USD/CAD - Harmonic Patterns and Momentum Indicators Overview: The USD/CAD chart illustrates price action on the hourly timeframe, incorporating harmonic patterns, Fibonacci retracements, and momentum indicators to identify potential reversal and continuation points. The presence of a Crab harmonic pattern suggests a critical turning point, while momentum oscillators provide additional confirmation. **Harmonic Pattern Analysis:** 1. A **Crab harmonic pattern** is evident, with the price reaching the terminal point at approximately **1.44627**. 2. The **XA and BC Fibonacci extensions** align with key retracement levels, reinforcing the likelihood of a reversal at this zone. 3. The price has **rejected the high point**, indicating potential exhaustion of bullish momentum. **Support and Resistance Levels:** - **HOP (Harmonic Optimal Point):** **1.44627** - The potential completion zone of the Crab pattern. - **XA Retracement:** **1.43968** - A key structural support level. - **BC Level:** **1.43721** - A secondary support level for price continuation. - **T2 (Target 2):** **1.42596** - A potential downside target if bearish momentum continues. **Momentum Indicators:** - **Stochastic RSI & Relative Strength Index (RSI):** - The **Stochastic RSI** shows a recent overbought condition, followed by a decline, indicating potential bearish momentum. - The **RSI also exhibits bearish divergence**, where price made a higher high while RSI formed a lower high, suggesting weakening bullish strength. **Market Sentiment & Potential Trade Opportunities:** - Given the rejection at **1.44627**, a **short position** could be considered if confirmation of further downside emerges. - A break below **1.43968** could reinforce the bearish bias, with **1.42596** as a potential target. - However, if the price finds support and rebounds, a bullish continuation could be anticipated, requiring further validation. **Conclusion:** The **Crab harmonic pattern, overbought momentum indicators, and Fibonacci confluence suggest a possible bearish reversal**. Traders should monitor **key support levels and momentum shifts** to determine whether the bearish scenario plays out or if buyers regain control. Risk management and confirmation signals are crucial before entering a trade.
Short
by BeaucoupPips
GBP/USD 15-Minute Chart: Bearish Reversal at Harmonic CompletionThe chart showcases a well-defined harmonic pattern, the Shark, with the price reaching the terminal zone at 1.2670 , marked by a red downward triangle. This suggests a potential reversal zone where selling pressure may emerge. Key observations: The price has reacted strongly at the completion point, aligning with Fibonacci extensions. Overbought conditions are evident in the RSI and other momentum indicators, indicating potential exhaustion of the bullish trend. Target levels: T1: 1.26241 T2: 1.25741 Suggests a possible downside move if the reversal confirms. Traders should watch for bearish confirmation before entering short positions, while bulls may seek a break above 1.2670 for further upside.
Short
by BeaucoupPips
GBP/USD Approaching Key Reversal ZoneThe GBP/USD pair has reached a critical resistance area around 1.2658, aligning with the 1.13 Fibonacci extension level of the harmonic Gartley pattern. The price action suggests potential exhaustion in the bullish trend, with signs of rejection near this level. A confirmed reversal could lead to a corrective move towards key support zones at 1.2456 and 1.2320. However, if the pair sustains above 1.2685, further upside towards 1.2732 and the HOP level at 1.2843 remains possible.
Short
by BeaucoupPips
USD/CHF Poised for a Bullish Reversal at Key SupportThe USD/CHF pair is currently trading near a significant support level around 0.8950, with bullish signals emerging. The harmonic Bat pattern suggests a potential reversal, aligning with historical price reactions at similar levels. Additionally, the presence of green buy markers and RSI indicators approaching oversold conditions indicate possible upward momentum. If price sustains above the 0.8950 region, a bullish move towards 0.9000 and beyond could unfold, with further resistance around 0.9120. Confirmation of reversal signs, such as bullish candlestick formations and RSI divergence, will strengthen the case for a recovery.
Long
by BeaucoupPips
4
Nike (NKE) at a Pivotal Point: Reversal or Further Decline?The weekly chart of Nike (NKE) displays a prolonged downtrend, with price action respecting a descending trendline. A harmonic Bat pattern has formed, with key Fibonacci retracement levels indicating potential reversal zones. The price has recently tested the AB=CD completion zone around $77.17 and $69.90, aligning with historical support. Technical indicators suggest oversold conditions, as both momentum oscillators (stochastic and RSI) show signs of bullish divergence. A breakout above the trendline and sustained buying pressure could trigger a move towards T1 ($107.99) and T2 ($132.31). However, failure to hold support may lead to further downside continuation.
NYSE:NKELong
by BeaucoupPips
2
CAD/JPY: Potential Reversal as Buyers Step InCAD/JPY has shown signs of exhaustion in its bearish momentum after completing a deep Bat harmonic pattern. The pair has reached a key Fibonacci extension zone, where price action suggests a possible reversal. Bullish interest is evident with price stabilising near the 105.50 level, supported by oversold conditions on momentum indicators. If buyers sustain pressure, a corrective move towards 106.50 and potentially 107.18 could unfold. Confirmation through a breakout of local resistance would further validate a bullish recovery scenario.
Long
by BeaucoupPips
GBP/USD: Distribution Signals a Drop to 1.25GBP/USD appears to be in a distribution phase, struggling to break through resistance around 1.2620. The price has formed multiple rejection points at this level, indicating weakening bullish momentum. The recent lower high, combined with a potential break of the ascending trendline, suggests sellers are regaining control. If price breaches the key support zone, a move towards the 1.2500 region becomes increasingly likely. With a bearish harmonic pattern and liquidity grab indications, GBP/USD could see further downside as selling pressure intensifies.
Short
by BeaucoupPips
GBP/USD at Key Resistance: Potential Reversal or Continuation?The GBP/USD 15-minute chart indicates a strong uptrend, with price action forming a **Crab harmonic pattern**, suggesting a potential overextension. The pair has reached a key resistance zone at **1.26323**, aligning with significant Fibonacci levels, with the **Harmonic Optimal Point (HOP) at 1.26469** acting as a potential reversal area. If a pullback occurs, the first downside targets are 1.26127 and 1.25993 , while the ** 200 EMA ** below may provide further support. A sustained break above 1.26469 could signal continued bullish momentum. Traders should monitor price action for confirmation before positioning accordingly.
Short
by BeaucoupPips
1
GBP/USD Market Analysis – Bearish Reversal from Harmonic PatternThe GBP/USD pair has completed a Crab harmonic pattern , with price reaching the 1.618 extension level and reacting strongly at resistance near 1.2617. The rejection suggests a potential bearish reversal. Initial downside targets (T1 and T2) are at 1.2515 and 1.2445. If price sustains below 1.2593 (AB=CD level), further downside is likely. However, a breakout above the high could invalidate the bearish setup. Traders should watch for confirmation signals before taking positions.
Short
by BeaucoupPips
EUR/USD Market Analysis – Bearish Reversal from Key ResistanceThe EUR/USD pair has formed a bearish Bat harmonic pattern , completing near the 0.886 Fibonacci retracement level. Price action has reacted strongly at this resistance, indicating a potential reversal. The first target (T1) is around 1.0394 , while the second target (T2) is near 1.0325 , aligning with key Fibonacci levels. If the resistance holds, a bearish move towards these targets is likely. However, a sustained break above the high may invalidate the bearish setup. Traders should monitor price action closely for confirmation.
Short
by BeaucoupPips
Market Analysis: Bullish Harmonic Bat Pattern on GBP/USDOverview of the Setup : This chart highlights a **Bullish Harmonic Bat Pattern** on the GBP/USD pair, with the potential for a reversal to the upside after completing the pattern near the critical support zone. --- ** Key Observations: 1. Harmonic Pattern : - The **Bullish Bat Pattern** completes at point X (around 1.22628), which aligns with the 0.886 Fibonacci retracement level of the XA leg. This level represents a strong confluence of support and potential reversal. - The reaction at this zone suggests that buyers may be stepping in. 2. Price Action : - The recent downtrend has reached exhaustion at point X, with the price consolidating and showing signs of a potential reversal. - The price has formed a **lower wick**, indicating rejection of lower levels and possible bullish momentum building. 3. Fibonacci and Take-Profit Targets : - **Take-Profit Levels (TP):** - **T1:** 1.23541 (50% retracement of the XA leg). - **T2:** 1.24187 (0.618 retracement of the XA leg). - The harmonic structure suggests these levels as the most probable targets for a bullish reversal. 4. Indicators : - **Stochastic Oscillator:** In the oversold territory, signaling the likelihood of upward price movement as selling pressure weakens. - **RSI:** Approaching oversold levels, further supporting the bullish reversal hypothesis. 5. Key Levels : - **Support Zone:** Point X near 1.2260 is the critical level for the pattern’s validity. - **Resistance Zones:** MHQP at 1.2500 is a longer-term resistance, while intermediate resistance levels are 1.2350 and 1.2418. --- Outlook and Strategy : - **Bullish Bias:** The completion of the Bullish Bat Pattern and confluence of support suggest an opportunity for long positions targeting the Fibonacci take-profit levels (T1 and T2). - **Entry Zone:** Enter long positions near 1.2260 if price action shows sustained bullish rejection. - **Stop-Loss:** Place stops below 1.2220 to account for false breakouts. - **Targets:** - **T1:** 1.2350 - **T2:** 1.2418 Risk Factors : - A sustained break below 1.2260 would invalidate the pattern and could lead to continued bearish momentum toward 1.2200. --- This analysis highlights a bullish opportunity driven by the completion of the harmonic pattern, with clearly defined entry, exit, and risk parameters.
Long
by BeaucoupPips
BTC Shark to 5-0 PatternBitcoin is currently in a weekly Shark pattern, suggesting a potential pullback to complete the 5-0 pattern. We could see a move towards the T1 zone at $45,703 - $43,000. 5-0 Pattern: This pattern often follows the Shark pattern and indicates the completion of a corrective move after the initial reversal. The 5-0 pattern has a distinct structure, starting from the end of the Shark pattern and typically leading to a trend continuation after a brief consolidation or retracement. The last wick to $49,000 was swiftly bought up, indicating the low might already be in. However, with the SPX nearing equal highs and possible volatility around Jackson Hole, a retest of lower levels remains possible. RSI is trending just below the 50 zone on Daily and Weekly, suggesting a decision point is approaching. A move above 50 on the weekly would indicate the low is in, setting us up for upper targets at $70,315 / $76,197. If RSI rejects at 50, expect new lows. Key Levels: $49,000: A retest of this zone and a break above $63,139 will confirm the low is in. A break below $49,000 will aim for the T1 Target at $45,793. Buy Zone/Support Range: $45,703 - $43,000 $42,233 TD Support The next few days will be critical. If we hold above $49,000, we may avoid a deeper correction.
by TechChartMark
SUNTECK REALTYHello and welcome to this analysis In the monthly time frame it formed a Bearish Harmonic ABCD in JAN 2022 near 590 and since then has retraced 62% of its last leg. In the weekly time frame it has formed a Bullish Harmonic Gartley around 315 suggesting the correction is most likely over. It can be a good stock to accumulate between 330-370 for upside levels of 420-500-650. The view would be considered invalid below 285. Good risk reward set up for medium to long term at the current level. Happy Investing
NSE:SUNTECKLong
by Dinesh_C_Nagpal
BRENT CRUDEHello and welcome to this analysis UKOIL (Brent Crude) is approaching the PRZ (Potential Reversal Zone) of two bullish harmonic patterns, AB=CD and Gartley near $85. This level also coincides with the monthly Ichimoku Base Line support. The expected rally from the suggested levels could take it towards $115 In case the up-move takes place before completion of the Harmonic Patterns, then the confirmation will come on it sustaining above $101 In terms of MCX Crude - the corresponding levels are $ 85 > INR 6100 $ 101 > INR 7600 $ 115 > INR 8400
TVC:UKOIL
by Dinesh_C_Nagpal
Bullish ab = cd AUDJPYFrom the failed Bullish Butterfly pattern, I've realised an undercover bullish ab = cd hiding within the pattern. Looking at the the higher time frame, I see the pair is sticking with the predominate uptrend with some minor corrections along the way. I've started to back test a new strategy that has taken the harmonic approach to a world of unprecedented accuracy and precision. Some only utilise this system, where others may use difference concepts, nobody is wrong and each is to their own to determine how accurate and precise they can be. But it is imperative to use a multitude of systems to give higher chance of probability and accuracy to take a position.
Long
by BeaucoupPips