Harmonic Patterns
EURCAD BULLSEURCAD is expected to buy to complete the quasimodo pattern and as pat of the triangle formaion
XAUUSD BULLISH SETUP. GOLD GOES 'PREPARING FOR SUMMER'Gold spot prices have experienced significant volatility and notable technical developments over the past several months. Since the start of 2025, gold surged by over 25%, reaching an all-time high of $3,500 per troy ounce in April before retracing to hover near $3,300 by late May.
This rally was fueled by persistent geopolitical tensions, particularly in the Middle East, and a weaker US dollar, which made gold more attractive to international buyers.
Technically, gold entered a parabolic upswing earlier in the year, becoming extremely overbought before breaking below its parabolic trend, signaling a potential top and the start of a corrective phase.
The Relative Strength Index (RSI) has recently dropped below 52, its lowest since February, reflecting weakening bullish momentum. The Average Directional Index (ADX) near 15 also indicates a lack of strong trend direction.
Key support levels are identified at $3,196 (55-day SMA), $3,120 (May low), and $3,031 (100-day SMA), while resistance sits at $3,350.
We are looking forward to further Gold accumulation, ahead of scorching hot summer months.
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Best wishes,
@PandorraResearch Team 😎
Gold hit bottom at 3250 and started to rebound?Gold opened at 3250 as expected and began to rebound. Gold opened at 3288, and rebounded after hitting the lowest level at 3250. So far, it has hit the highest level at 3260. The support below gold is still relatively strong, but the pressure above is also relatively large, and the volatility of gold is very large. We continue to pay attention to the support at 3250. In terms of operation, we will continue to buy if it does not break.
CLSK / 2hNASDAQ:CLSK
The 17.5% market sell-off, since the May high >> 11.04
may be considered as an initial development of correcting down
in Minute degree wave ii (circled).
Wave Analysis >> As depicted on this 2h frame, exceeding the boundary line of the leading diagonal will highly confirm that the correction in wave ii (circled) should be underway.
The first retracement target >> 7.93
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
Bitcoin Chart Analysis – May 28, 2025We are the SeoVereign Trading Team.
With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum.
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Currently, on the chart, it is clear that a harmonic pattern, specifically the Bat Pattern, has been formed. The Bat Pattern is interpreted as a strong reversal signal based on the ratio structure between highs and lows, and especially, a rebound in the PRZ (Potential Reversal Zone) area acts as a highly reliable entry signal.
In this case as well, a strong rebound has been observed after the price reached the PRZ zone, which can be seen as technical evidence supporting the validity of the pattern.
Also, according to the Elliott Wave Theory, the 5-wave structure has now been confirmed. This indicates that the final impulse wave of the 1-3-5 wave structure has been completed, and typically, after this phase, a corrective wave (ABC pattern) or the start of a larger fractal wave follows. However, since both the harmonic pattern and wave analysis simultaneously support an upward movement, it is judged that an additional upward trend is likely to unfold in the short term.
Therefore, the future price movement can be projected with the following three target levels:
1st Target: 108,247 – A short-term resistance level that needs to be monitored for price reaction.
2nd Target: 108,707 – This level overlaps with a previous high, and its breakout will serve as a criterion for determining trend continuation.
3rd Target: 109,167 – Set as a mid-term bullish target, and if the upward wave extends, this is a major resistance level with high potential to be reached.
In conclusion, entering at a zone where multiple technical indicators align tends to be a strategy with favorable risk-reward characteristics, and at this point, it is judged that the short-term outlook remains bullish. However, it is also emphasized that setting a stop-loss level and managing risk must be done concurrently.
Today's BTC trading strategy, I hope it will be helpful to youBitcoin is currently within a recent price volatility range, and while the overall trend remains unclear, combined with news from the Bitcoin Conference, there are multiple factors conducive to going long. From a policy perspective, the Bitcoin Conference revealed that some countries may shift their regulatory attitudes toward cryptocurrencies. If subsequent countries announce the relaxation of Bitcoin regulations and allow more legitimate investment channels, this will directly stimulate market capital inflows. It is akin to opening a floodgate for capital, as a large number of investors will pour into the market to buy Bitcoin due to policy tailwinds, driving prices higher.
In terms of market confidence, if experts and institutions at the conference unanimously express optimistic expectations for Bitcoin, believing it has significant upside potential, this will greatly ignite market enthusiasm for long positions. When market participants are confident in the future, they are more willing to buy and hold Bitcoin, further supporting price increases. From a technical standpoint, if the conference announces a major breakthrough in Bitcoin's technology—such as a substantial increase in transaction speed or a significant reduction in transaction costs—Bitcoin's practicality and attractiveness will be greatly enhanced. The improvement in its intrinsic value will also be reflected in its price, attracting more capital to go long.
Today's BTC trading strategy, I hope it will be helpful to you
BTCUSDT BUY@107000~108000
SL:105000
TP:109500~110000
Bullish bounce off pullback support?CAD/JPY has bounced off the pivot, which has been identified as a pullback support that lines up with the 38.2% Fibonacci retracement and could rise to the 1st resistance.
Pivot: 104.26
1st Support: 103.24
1st Resistance: 106.19
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish rise?AUD/JPY is reacting off the pivot and could rise to the 1st resistance, which aligns with the 61.8% Fibonacci retracement.
Pivot: 92.87
1st Support: 92.06
1st Resistance: 94.07
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bearish drop?AUD/CAD is rising towards the pivot and could drop from this level to the 1st support.
Pivot: 0.89626
1st Support: 0.87895
1st Resistance: 0.90356
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURJPY Buy SetupEURJPY and other JPY pairs will soon bounce very high. Beginning of this month, these pairs shot up but recently lost momentum and corrected deep. Price seems ready to have a bullish continuation
USOIL Today's Trading Strategy Hope this helps you
### Factors Influencing Long Positions in Crude Oil
#### Seasonal Demand Growth
Summer typically sees a surge in crude oil demand as increased travel and industrial activities drive up consumption. For example, gasoline demand in the U.S. rises significantly during summer due to higher public travel, providing support for crude oil prices and creating opportunities for long positions.
#### Geopolitical Factors
Conflicts, political instability, or sanctions in major oil-producing regions can disrupt or reduce crude oil supply, pushing prices higher. Although Middle Eastern tensions have eased recently, news of a potential Israeli attack on Iranian nuclear facilities previously caused oil prices to jump 3%. Escalating geopolitical tensions would favor long positions in crude oil.
#### Inventory Levels
A decline in crude oil inventories signals tighter supply, which may drive price increases. When inventory data falls below expectations, market concerns about supply shortages intensify, pushing prices higher and creating opportunities for long positions.
USOIL Today's Trading Strategy Hope this helps you
USOIL BUY@60.5~61
SL:59.5
TP:62~62.5
Bullish rise?NZD/JPY has reacted off the pivot and could potentially rise to the 1st resistance.
Pivot: 86.01
1st Support: 85.40
1st Resistance: 87.07
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAUUSD UPDATEThe market is in correction, it has rejected to pull above the 3325 price, I expect the price to pull down between 3252 and 3233 and yes still looking for buying opportunities seeing that we are still in up trend.
Gold strategy today, I hope it will be helpful to youFrom a long-term perspective, the trend of global central banks continuously increasing their gold holdings has not changed, providing a solid foundation for gold prices. Additionally, there remains significant uncertainty regarding the future direction of the Federal Reserve's monetary policy. If subsequent economic data underperforms, the Fed may potentially restart accommodative monetary policies, such as interest rate cuts or expanding asset purchase programs. In the event of such a scenario, the U.S. dollar would depreciate due to increased money supply, and gold prices denominated in U.S. dollars would rise accordingly. Going long within the key support zone of 3275-3285 allows for advance positioning to await the fermentation of these potential positive factors that could drive price increases.
Gold strategy today, I hope it will be helpful to you
XAUUSD BUY@3275~3285
SL3265
TP1:3300~3310
Meta Platforms - The rally is clearly not over!Meta Platforms - NASDAQ:META - can rally another +30%:
(click chart above to see the in depth analysis👆🏻)
Some people might say that it seem counterintuitive to predict another +30% rally on Meta Platforms while the stock has been rallying already about +750% over the past couple of months. But price action and market structure both tell us, that this will soon turn into reality.
Levels to watch: $850
Keep your long term vision!
Philip (BasicTrading)
Gold 3325 Spell SuppressionFrom a technical perspective, the short-term bearish trend of gold is significant. On Wednesday, gold prices failed to hit the 3325 line several times, highlighting the strong resistance level in this area. In the four-hour analysis, the 3280-3270 range constitutes a key support. If it effectively falls below it, it may open up a deeper correction space; on the contrary, if it stands firm, it will maintain a volatile pattern. The current operation strategy is mainly high-altitude, focusing on short-selling opportunities after the rebound.
BUY GBPJPYAfter a long bearish retracement, JPY pairs seem ripe to continue up. This week started with a strong bullish move across all JPY pairs. A bullish flag has printed here. Buy from here
Nasdaq - The final bullrun breakout!Nasdaq - TVC:NDQ - might break above all structure:
(click chart above to see the in depth analysis👆🏻)
It is quite incredible how volatile stocks have been lately, especially considering that fact that the Nasdaq is about to create new all time highs again. Consequently, we are about to witness a significant structure breakout, which would ultimately lead to another rally of about +30%.
Levels to watch: $21.000
Keep your long term vision!
Philip (BasicTrading)
$RIOT / 2hThere is no change in my NASDAQ:RIOT 's analysis. The rising leading diagonal ended with an ending diagonal inside!!
Trend Analysis >> Respecting the wave structure of the leading diagonal in which the 5th wave has revealed an ending diagonal and decline by 12% since the May high, all quite well indicate that the anticipated correcting down should be a relatively deep retracement. And it will take the coming few weeks.
The first retracement target >> 7.68
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
$ZB - 30y Treasury Futures Sell off in Equity Risk OnThe 30-Year Treasury Bond Futures (ZB) sold off notably, driven by a combination of macro headlines and technical positioning. A key catalyst was the European Union’s decision to postpone the implementation of retaliatory auto tariffs until July 9th, which temporarily eased geopolitical tensions and triggered a risk-on rotation into equities — at the expense of duration-heavy fixed income assets.
From a technical standpoint, ZB fell sharply from the upper 3 standard deviation Bollinger Band and found support near the 2 standard deviation band, where it stabilized. It then retraced roughly 50% of the move, tagging the 20-period simple moving average. Market participants are now closely watching whether the contract completes a full measured move lower to 111'19, a level that represents:
The 100% Fibonacci extension of the prior decline
A test of the lower 3 standard deviation band
A notable inefficiency zone on the hourly chart
While the MOVE Index has declined and is now tracking sideways — signaling reduced bond market volatility — traders remain focused on long-end supply, fiscal slippage, and global rate re-alignments. Until these themes settle, technical levels like 111'19 may continue to act as magnets for price discovery in long-dated Treasuries.
