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Harmonic Patterns

Copper Bearish Crab Pattern In 2024, copper prices have exhibited notable fluctuations, driven by macroeconomic trends, industrial demand, and supply constraints. Key Fibonacci retracement levels have played a crucial role in shaping market movements. With the 0% level at $3.96, the 23.6% retracement at $4.11 acted as an initial support, while the 38.2% level at $4.225 provided stronger stability. The 50% retracement at $4.28 served as a key equilibrium zone, with the 61.8% level at $4.361 marking a critical support for potential reversals. According to the harmonic Crab pattern , the 161.8% Fibonacci extension near $5.00 is expected to act as a major resistance. If the price reaches this level, a sharp bearish reversal is likely due to overbought conditions. A rejection at this resistance could drive prices down toward the support zones, completing the harmonic correction phase. However, a breakout above $5.00 could invalidate this scenario and lead to further bullish momentum. If you like this trading idea and want to stay updated with the next one, please give it a thumbs up and follow along! Your support means a lot, and I’m excited to share more insights with you. Let’s embark on this journey together! SEYED.
PEPPERSTONE:COPPER
by SEYED98
USDCAD WHAT TO LOOK FOROur analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Short
by dkb14246
USDCHF LOOK FOR THISOur analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will rise to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Long
by dkb14246
1
Fractal//@version=5 indicator("Fractal Levels Multi-TF", overlay=true, max_labels_count=500, max_lines_count=500) // آرایه ضرایب فیبوناچی factors = array.from(0.0, 0.0625, 0.125, 0.25, 0.375, 0.5, 0.625, 0.75, 0.875, 0.9375, 1.0) numFactors = array.size(factors) // تابع کمکی برای ایجاد آرایه‌ای از خطوط با تعداد مشخص و تنظیمات اولیه createLineArray(col) => var lineArray = array.new_line(numFactors) if barstate.isfirst for i = 0 to numFactors - 1 array.push(lineArray, line.new(x1=bar_index, y1=na, x2=bar_index+1, y2=na, extend=extend.right, color=col, width=1)) lineArray // ایجاد آرایه خطوط برای هر تایم‌فریم با رنگ دلخواه dailyLines = createLineArray(color.red) fourHLines = createLineArray(color.blue) oneHLines = createLineArray(color.orange) min30Lines = createLineArray(color.aqua) min15Lines = createLineArray(color.purple) min5Lines = createLineArray(color.green) min3Lines = createLineArray(color.fuchsia) min1Lines = createLineArray(color.gray) // یک تابع برای به‌روزرسانی خطوط هر تایم‌فریم بر اساس آخرین فرکتال‌ها update_tf_levels(tf, lineArray) => // گرفتن فرکتال بالا و پایین از تایم‌فریم مورد نظر fHigh = request.security(syminfo.tickerid, tf, ta.fractal(high, 2, 2), lookahead=barmerge.lookahead_on) fLow = request.security(syminfo.tickerid, tf, ta.fractal(low, 2, 2), lookahead=barmerge.lookahead_on) // ذخیره آخرین مقادیر (بدون استفاده از توابع گلوبال، از سویی
OANDA:XAUUSD
by jafarzadehmoein
XPENG - MONTHLY PINBAR, A Neutral TestPost successful learnings and recent trades, I believe XPENG has topped this positional cycle and the monthly has printed a the pinbar candlestick. The confirmation is below last month's low point to shorten the market. Else this remains neutral. Entering a short here is riskier as bulls may push a retest. Trump's tariffs have been negative so far, which favors shorting Chinese stocks such as XPENG. But I still think this is neutral at the moment. As this situation is 50-50 staying on sidelines is important. Should you intend to go long then SL is $18.9 Should you go to short then SL is the last month high. Risky in mho.
NYSE:XPEV
by cryptoshort
Gold platform diving has peaked in the short term!Gold is now covered by dark clouds at its daily high level, and a rebound will give shorts an opportunity. The 1-hour moving average of gold has begun to turn downward, and the bulls have suffered a heavy blow. After the rebound is repaired, the only way to go short is to continue. The support below the range of gold 1 hour ago was 3135. Now the US market rebounded and was under pressure for the second time, so the short-term support of gold at 3135 has formed an effective suppression. The US market rebounded at 3135 and continued to go short under pressure. Today's short-term gold operation ideas suggest that rebounding is the main focus, and callbacks are supplemented by longs. The upper short-term focus is on the 3135-3138 first-line resistance, and the lower short-term focus is on the 3054-3066 first-line support. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3133-3135, stop loss 6 points, target around 3105-3085, and look at 3065 if it breaks; Long position strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 3065-3068, stop loss 6 points, target around 3090-3100, and look at 3110 if it breaks;
PYTH:XAUUSDShort
by UptonCharlotte
BTCUSDT BinanceBTCUSDT Binance 4H hollow candlesticks A descending parallel Channel has been formed, after the ATH (all-time high) at 110165$. We can expect a price correction about 67338$ that is exactly the red line, as also the price drops to 62,000 and a flash a wick to 52 -53,000$. The bar pattern (flipped fractal) has been formed from a previous movement, indicates a future price movement. We can also see the current Support and Resistance areas. Market Cap: $2.75T +0.42% 24h Vol: $48.68B -30.46% Dominance: BTC: +60.5% ETH: +8.7% Good Luck #CryptoHellas Team
by CryptoHellas
XAUUSD Today's analysisOn Thursday (April 3rd), as Asian markets opened for trading, Trump’s bombshell announcement of a slew of tariff measures sent shockwaves through the market. In an instant, a wave of risk - aversion swept across, propelling the spot gold price to a staggering $3,167.60 per ounce. This not only marked a new all - time high but also set a new benchmark in the gold market’s history. However, the market’s exuberance was short - lived. Fearing potential uncertainties in the aftermath of these policy changes, a significant number of profit - oriented investors decided to cash in on their gains. Their aggressive selling pressure caused the gold price to reverse course sharply. Before long, the price turned negative for the day, slumping to a low of $3,054.19 per ounce. As the trading day wore on, investors adopted a wait - and - see approach. The growing consensus was that US tariff policies would likely throw the global economy into disarray. In such a climate of uncertainty, gold’s traditional role as a safe - haven asset reasserted itself. Buoyed by this renewed interest, bargain - hunting buyers flocked back into the market, driving the price back up to $3,125 per ounce. Macroeconomic data and geopolitical dynamics will continue to influence the direction of the gold market. Key data such as the unemployment rate and non-farm payroll employment figures that the US Department of Labor is about to release are highly likely to affect the Federal Reserve's monetary policy stance, which in turn will impact the gold market. If the data indicates a weakening of the US job market, the Federal Reserve may consider easing its monetary policy. This will undermine the US dollar and enhance the attractiveness of gold to investors. At the same time, there are still uncertainties in the global trade situation. Countermeasures taken by other countries against the US tariff policies may further intensify trade frictions and increase the uncertainty of the global economy. In such an environment, as a safe-haven asset, gold is expected to attract more capital inflows. From the perspective of technical analysis and the price trend of gold, the price level of $3,100 per ounce has become an important support and resistance level. If the gold price can firmly stay above this level, it may attract more bulls to enter the market, driving the price towards higher targets. Conversely, if the price breaks below this level, the bears may take the initiative, triggering a new round of selling. In addition, the performance of gold mining stocks is also worthy of attention. They not only reflect the short-term fluctuations in the gold market but are also affected by the operational conditions of mining companies themselves and the impact of geopolitics on mining production, forming a linkage effect with the gold price. The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
FOREXCOM:XAUUSD
by BenGray9
GT’s MACD has formed a golden cross above the zero lineGT’s recent multiple green closes on the daily chart and the breakthrough of the descending highs’ resistance line jointly fuel its upward momentum. Technically, GT’s MACD has formed a golden cross above the zero line, with red histogram bars lengthening, indicating strengthening upward momentum. The RSI is also in the strong zone above 50 without clear overbought signals, suggesting ample room for further gains. Overall, GT’s short-term and long-term trends are upward, with positive market sentiment and technical indicators supporting further gains, leading analysts to be bullish on GT’s future performance.
by xiannvyou0
Gold trading on April 3, 2025Market Summary: The market was shaken as Trump imposed a 10% tariff on imports, triggering fears of a trade war after China announced retaliatory measures. This sparked concerns over a potential economic downturn, pushing gold prices to record highs as the USD faced heavy selling pressure. Investors, worried about a recession, are now pricing in a 70% chance of a Fed rate cut in June. Bond yields fell as the USD remained under pressure. Meanwhile, ADP data showed 155K new jobs, but it failed to support the USD. Trading Plan: XAUUSD Buy Zone: 3082 - 3080 Stop Loss (SL): 3077 Take Profit (TP): 3085 - 3088 - 3095 - Open Wishing everyone an amazing trading day!
OANDA:XAUUSDLong
by BrianCarter
CFXUSDT UPDATECFXUSDT is a cryptocurrency trading at $0.0788, with a target price of $0.1400. This represents a potential gain of over 80%. The technical pattern observed is a Bullish Falling Wedge, indicating a possible trend reversal. This pattern suggests that the downward trend may be coming to an end. A breakout from the wedge could lead to a significant upward movement in price. The Bullish Falling Wedge is a positive indicator, signaling a potential price surge. Investors are showing optimism about CFXUSDT's future performance. The current price may present a buying opportunity. Reaching the target price would result in substantial returns for investors. CFXUSDT is positioned for a potential breakout and significant gains.
Long
by CryptoWithJames
EURGBP - Sell ideaEntry: 0.84018 SL: 0.84203 TP: 0.83700 Selling EURGBP looks favorable due to recent price action showing a rejection at a key resistance level , indicating potential exhaustion of bullish momentum. Technical indicators like the RSI are approaching overbought territory, suggesting a pullback is likely. The pair has also broken below a short-term ascending trendline, signaling a shift to bearish momentum. Declining volume on recent upward moves supports the case for weakening buyer interest. Additionally, macroeconomic factors, such as stronger UK economic data compared to the Eurozone, could further pressure EURGBP downward.
Short
by ProTradeSignals
EURSEK to resume Bullish monthly uptrend in Q2/25The Bear failed to keep EURSEK sustainably below 10.78 in Mar25, the level where the harmonic aligned as shown in the chart. The 41-month cycle or 3.5 years has also been consistently observed since 2012. Counting from Oct21 low, the next pivot is at where are i.e. Mar25-Apr25. Given the alignment in both price and time, 10.78 would've been the pivot point for EURSEK to rebound and resume its monthly uptrend starting from Apr25. The first two key catalysts would be the tariffs announcement on 2 Apr followed by NFP on 4 Apr. The CPIF inflation reading in Q2 is expected to be benign given the strong SEK in Q1.
Long
by AmpleWish
US30 Testing Major Demand Zone – Reversal Incoming?🔎 Market Overview: The Dow Jones Industrial Average (US30) has dropped into a strong demand zone (41,200 - 41,350), which has historically acted as a major support area. Will buyers step in for a rebound, or will we see further decline? 🔹 Key Resistance Levels: 41,932 | 42,605 🔹 Current Price: 41,234 🔹 Key Support Levels: 41,347 (demand zone) | 41,200 📉 Recent Price Action: 1️⃣ Strong Sell-Off into Demand Zone: After testing resistance at 41,932, US30 faced heavy selling pressure. Price has now entered a high-volume support area (41,200 - 41,350). 2️⃣ Potential Reversal Setup: If buyers hold this zone, we could see a bullish push back to 41,932 (first resistance). A breakout above 41,932 could open the door for a move to 42,600+. 3️⃣ Breakdown Scenario: If 41,200 breaks, expect further downside towards 40,800 - 40,500. This would confirm a bearish continuation pattern. 📊 Trade Plan: 📍 Bullish Setup: 🔹 Look for bullish confirmation in the 41,200 - 41,350 zone. 🔹 A strong bounce could provide an entry targeting 41,932 and 42,600. 📍 Bearish Setup: 🔹 If price fails to hold 41,200, a short opportunity exists targeting 40,800 - 40,500. 🔹 Wait for a clean break and retest of 41,200 before shorting. 🔥 Will US30 bounce back from this demand zone, or will we see further drops? Comment your thoughts below! 👇 📊 Like & Follow for more trade ideas! 🚀 #US30 #DOWJONES #StockMarket #TechnicalAnalysis #PriceAction #DayTrading #Forex #SupplyAndDemand
FX:US30Long
by FrankFx14