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Harmonic Patterns

Gold short setup - Bearish channel in play!Gold (XAU/USD) is currently trading within a well-defined descending channel, and the structure suggests further downside movement is likely. 🔍 Technical Highlights: Price has consistently rejected the upper boundary of the channel. Currently trading near $3,295, facing resistance at $3,310–$3,340 zone. Key Fibonacci level (0.618) at $3,261.91 is under pressure. A clean break below this level could trigger a drop toward $3,231, with an extended target near $3,198. Volume profile shows a lack of strong demand in this region, supporting the bearish case. 📅 Multiple key U.S. economic events approaching (as seen by the icons on the chart), which may act as catalysts for volatility and potential confirmation of this setup. 📉 Trade Idea: Watching for a break and retest of $3,261 support to enter short. Bearish targets: $3,231 and $3,198. Invalidated if price reclaims $3,310 and breaks above the channel. 🔔 Stay cautious around news events and manage risk accordingly. Let me know your thoughts — do you see the same bearish pressure?
FX:XAUUSDShort
by Tommykamo
no supply and no demand I’ve just noticed for the first time that the market is not able to close even a single momentum candle below the lower trigger line of the No Supply zone, and it is using that level as support — while treating the upper trigger line as resistance. As long as the market doesn’t close an H1 momentum candle below the lower trigger line, the market remains bullish. On the other hand, unless the market closes an H1 momentum candle above the upper trigger line of the No Demand zone, the market remains bearish. So, the market seems to be ranging between these two levels. Whichever side the momentum candle closes on, there’s a higher chance of price moving in that direction — according to my point of view. Do your own research for better perspective. Trade Idea: Aggressive Entry: As soon as price comes near the lower trigger line, we could look at CAB setups on M1/M3 around S2/S3 levels and trade upward towards the upper trigger line. Safe Entry: Once a momentum candle closes above the upper trigger line of the No Supply zone, wait for a retest of the lower trigger line, and then look for a CAB setup to go long. This entire setup was being blocked by the 200 SMA and 100 SMA on the H4 timeframe. Inverse logic applies for the No Demand setup.
OANDA:XAUUSDLong
by abdulrehman17024
1
BTCUSD: 1M turned overbought and that's not alarming at all! Bitcoin has turned bullish even on its 1M technical outlook (RSI = 70.030, MACD = 16,156.720, ADX = 38.100) but that's not a reason to expect any strong corrections as this is the part were it technically rises more during Bull Cycles. The basic structure of the Cycle is an Ascending Triangle which breaks when the parabolic rallies begin. Based on the ratio of the last two Cycles, the new rally should be around +130% from the top of the Ascending Triandle. That gives a $160,000 fair estimate as far as the Cycle top is concerned. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
WTI OIL Rejection on 1D MA50 aims at $56.50.WTI Oil (USOIL) has been trading within a 13-month Channel Down pattern and is currently under heavy pressure by multiple Resistance levels. The immediate one is the 1D MA50 (blue trend-line), which has its most recent rejection last Wednesday (May 21) and as you can see, the price has failed to break above it, even though it's been trading directly below it. As long as the 1D MA50 holds, we expect a test of the lower Support Zone at $56.50, similar to the September - December 2024 Support Zone, which was tested continuously after several 1D MA50 rejections. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTIShort
by TradingShot
Could the price bounce from here?XAU/USD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 3,260.13 Why we like it: There is a pullback support level that lines up with the 38.2% Fibonacci retracement. Stop loss: 3,213.54 Why we like it: There is a pullback support level that aligns with the 61.89% Fibonacci retracement. Take profit: 3,344.27 Why we like it: There is as pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDLong
by VantageMarkets
Bullish bounce for the Kiwi?The price has bounced off the support level which is a pullback support that lines up with the 71% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 0.5931 Why we like it: There is a pullback support level that lines up with the 71% Fibonacci retracement. Stop loss: 0.5898 Why we like it: There is a pullback support level. Take profit: 0.6017 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
AMAZON eyes $255 on the 3rd such buy signal in 18 months!AMAZON Inc. (AMZN) has been trading within a 18-month Bullish Megaphone pattern whose latest bottom was on the April 07 2025 Low. Since then, the pattern has started its new Bullish Leg, which has been confirmed by the break-out above its 1D MA50 (blue trend-line) and the 1W RSI's above its MA. The previous two Bullish Legs hit at least their 3.5 Fibonacci extension levels and the 2nd Bullish was +30% more than the 1st. If the stock achieves a +60% gain from its April bottom again, it will be almost exactly on its 3.5 Fib ext. As a result, we believe that a $255 Target (on the 3.5 Fib), is more than realistic to be achieved by September. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMZNLong
by TradingShot
2
Bullish bounce?AUD/USD is falling towards the support level which is a pullback support and could bounce from this level to our take profit. Entry: 0.6397 Why we like it: There is a pullback support level. Stop loss: 0.6365 Why we like it: There is a pullback support level that lines up with the 127.2% Fibonacci extension. Take profit: 0.6463 Why we like it: There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bullish momentum to extend?USD/JPY has bounced off the support level which is a pullback support and could rise from this level to our take profit. Entry: 144.07 Why we like it: There is a pullback support level. Stop loss: 143.21 Why we like it: There is a pullback supoprt level. Take profit: 145.88 Why we like it: There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bullish bounce off pullback support?USD/CAD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3787 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.3703 Why we like it: There is a pullback support level. Take profit: 1.3904 Why we lik eit: There is an overlap resistance level that lines up with the 71% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Silver 3 Bar Uptrend Line Now Intact!Hey Traders so today wanted to talk a little about the Silver Market. Just saw my favorite 3 bar trendline on there. Looking very bullish so if one was to trade this I would just wait for market to pull back to trend line before buying. Place your stop loss under that big candle and should be safe. However if Bearish I would wait until market closes underneath 32.00 or even better 31.50 there is too much buying support above imo. Keep in mind Seasonally in June and July Gold and Silver noramally get increased demand. Always use Risk Management! (Just in case your wrong in your analysis most experts recommend never to risk more than 2% of your account equity on any given trade.) Hope This Helps Your Trading 😃 Clifford
FX:XAGUSD
by TradetheFuturesCharts