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Harmonic Patterns

Eurusd analysis move down read the caption This chart represents an analysis of the EUR/USD currency pair on the 1-hour timeframe. Below is a detailed breakdown of the key elements in the analysis: 1. CHoCH (Change of Character): Multiple "CHoCH" labels are marked to signify reversals or shifts in market structure. These highlight areas where the price changes from a bullish to bearish trend (or vice versa). 2. BOS (Break of Structure): BOS is labeled, showing significant points where price breaks through key structural levels, confirming continuation or reversal trends. 3. EQH (Equal Highs): Equal highs indicate potential liquidity zones where stop-loss orders may be positioned. These zones are likely to be targeted by the market. 4. Weak Highs and Trendline: A weak high is identified within the red zone, suggesting a lack of strength to continue upward. This creates a bias for potential downward movement. The yellow and blue trendlines illustrate a descending wedge pattern, highlighting bearish pressure. 5. Target Zone (1.03411): A blue box around 1.03411 represents the target price area for potential bearish moves, aligning with the downward arrow projections. 6. Bearish Plan: The analysis expects a downward trajectory after a liquidity grab (red arrows) and weak highs. The market is forecasted to form lower highs and lower lows, eventually reaching the target zone. This is a structural and liquidity-based analysis indicating bearish expectations while leveraging trendlines, BOS, CHoCH, and liquidity zones.
Short
by Mr_Ethan1
GBPUSD ANALYSIS IS READY (READ THE CAPTION)This chart represents a technical analysis of the GBP/USD currency pair on a 1-hour timeframe. Here’s a detailed breakdown of the analysis: 1. Current Price Level: The price is trading around 1.24152, as shown by the highlighted blue "BUY" box. 2. Resistance Zone: A horizontal yellow line marks the key resistance zone around 1.2460–1.2547. This is where the price might struggle to move higher. A stop-loss level is clearly indicated at 1.25474, suggesting this is the invalidation point for short positions. 3. Support Zone: There is a clearly marked Target Zone at 1.22016, which serves as the price's potential downward target if the bearish scenario unfolds. The yellow horizontal lines below the current price represent support areas where buyers might re-enter the market. 4. Bearish Scenario: The blue arrows show a projected downward movement, indicating a possible price rejection from the resistance zone and a decline toward the 1.22016 target zone. The analysis suggests a head-and-shoulders pattern, with the red curve marking the "head" and signaling a bearish reversal. 5. Volume Profile: The bars on the right indicate trading activity at various price levels, showing a concentration of volume near current levels, which may act as resistance. This analysis seems to favor a bearish outlook, expecting a price drop after rejection at resistance. However, it is also safeguarded by a stop-loss to manage risk if the price breaks above the resistance.
Short
by Mr_Ethan1
Bullish bounce?WTI Oli (XTI/USD) is falling towards pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 75.10 1st Support: 73.14 1st Resistance: 77.10 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.
ICMARKETS:XTIUSDLong
by ICmarkets
1
Bulls Breaker - Gold targeting critical level 2782.xx - 2790.xxGold is trading around 2778 while we were analyzing he charts. Bulls have initiated a supper bullish cycle started from 2600/2585 range towards the critical level 2782.xx - 2790.xx that can pause the aggressions on temporary basis but please note if gold sustained above 27900 it would entered into no man's land where it would become very difficult to trade for intraday/scalpers. I believe gold bulls may take a breather till 2765 - 2740 that is where critical support would help to decide either gold would fall more or bounce back. Breaking & sustaining below 2740/2735 may open 2722/2718 range as next big level to watch.
OANDA:XAUUSDShort
by investomaniapk
Bullish for Mickey D's. MCDUpgoing XABC harmonic (or Elliott A Wave of X Wave - not shown). MIDAS crossed, Ehlers Ultimate Smoother upgoing and supporting price action. Volatility also moving up. If we assume channeling, Kennedy's approach gives primary and secondary goals. A prudent point to address is that probabilistic approaches used in market analysis are ever changing. This idea is thus only relevant at the exact moment it is published. Further price action will most likely deviate from this current standpoint.
NYSE:MCDLong
by Rykin_Capital
Buy OIL 71$ - 74$ zoneOil needs a temporary rest after the rapid pump it had. This rest is somewhere between $71 and $74. Since the oil trend is still bullish, it is not easy to enter the trade. It is reasonable to wait for the trend correction. The first definite target for oil according to the chart ahead is $82. However, in my opinion, the great oil cycle has begun to grow again and it has goals of close to $170 to $200 in the future. However, it is better to consider short-term goals. The final point, based on the analysis ahead, is that oil will definitely see a price of $100 again in the next few months.
TVC:USOIL
by hojijoon
XAUUSD LOOKING BULLISH, THEN BEAR LIQUID TAKEHello chat i hope you find yourselves well. Degen Jake here slaying some charts again. Here we have gold looking like its really strong in bullish nature. Were waiting for it to go ahead and take out weekly liquidity which is the blue horizontal line, then we would like to see this market shove to the downside to go ahead and take some liquidity to the downside since its left SO MUCH to the bottom side. Truly something interesting. Lets see it rob liquidity and shake to the downside!
FOREXCOM:XAUUSDShort
by DegenJake_
USOIL to 75$As I indicated on the chart, there are two pending orders for oil, both of which must be filled. The first order is related to the gap between the two candles that has been identified, and the other is related to the pullback left from the breakout level, which has a price of about $75. If the $75 level is broken, we can also think about $72. In the overall trend, however, our view on USOIL will be bullish. So the best opportunity to buy is at the two levels mentioned.
TVC:USOILShort
by hojijoon
Melania Coin (MELANIA): Another Meme Coin Has Done Good Work!MELANIA is dying—well, not dying but liquidity is being taken out heavily from here. This is a natural movement for this kind of meme coin; did people really think it would be a new super mega coin? This project most likely will be forgotten; time to search for new ones? P.S If the Trump family decides to connect their coins to the US, then this might be interesting; other than that, not so optimistic for the coin! Swallow Team
by SwallowAcademy
4
Bullish bounce?GBP/AUD is falling towards the pivot and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 1.9486 1st Support: 1.9362 1st Resistance: 1.9722 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.
Long
by ICmarkets
1
Bearish reversal off pullback resistance?GBP/CAD is rising towards the pivot which acts as a pullback resistance and could reverse to the pullback support. Pivot: 1.7827 1st Support: 1.7663 1st Resistance: 1.7985 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.
Short
by ICmarkets
1
Heading into overlap resistance?GBP/CHF is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 1.1248 1st Support: 1.1190 1st Resistance: 1.1297 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.
Short
by ICmarkets