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Harmonic Patterns

DOW JONES History shows that we're now targeting 68000.Dow Jones (DJI) recovered its 1W MA50 (blue trend-line), sending a clear technical message that the 'Trade War' correction is over and the long-term bullish trend has been resumed. The bottom of that correction was on the 1W MA200 (orange trend-line), which has been the absolute long-term Support trend-line for the index, having broken by a large extent only during the March 2020 COVID crash. That was also a bottom for Dow's Bullish Megaphone pattern. The last time that the index handed a 1W MA200 bottom while trading within a Bullish Megaphone was on February 08 2016. On both bottoms, the 1W RSI hit the 30.00 oversold barrier. In 2016 that bottom rebound initiated a (blue) Channel Up that lasted for almost 2 years and peaked on the 3.0 Fibonacci extension level. If Dow continues to replicate that pattern, we are looking at a 68000 Target (Fib 3.0 ext) by mid-2027. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
1
XAU/USDXAUUSD is trying to hold the demand zone 📈 XAUUSD has stabilized around $3,200, which is in line with the 50% Fibonacci retracement level and the demand zone shown on the chart. Below this zone, a decline below it could push the price further down. However, consolidation above this zone and a bullish price action could lead to a rally in gold. Based on the above, are you buying or selling? For more trading strategies you can click on the link to my homepage, I believe the results will satisfy you
O
by BurgessMurray
The latest gold operation strategyThe latest data from the U.S. Department of Labor showed that the month-on-month growth rate of CPI in April was only 0.2%, lower than the market forecast of 0.3%. This lower-than-expected inflation report has injected confidence into gold bulls, and the market's expectations for the Fed to start a rate cut cycle in September have significantly increased. I would like to remind you that although the current inflationary pressure is controllable, the lag effect of tariff policy adjustments in the coming months may push up imported inflation. This expectation is prompting everyone to include gold in their asset portfolios to cope with potential risks. Intraday trading needs to focus on two core ranges: the upper resistance is concentrated in the 3290-3300 USD/ounce area (previous high and psychological integer level), and the lower support is in the 3200-3210 USD/ounce area (recent correction low concentration zone). In terms of operation strategy, it is recommended to focus on high-altitude thinking. If you participate in low-level long orders, you need to strictly set risk control measures. The economic data of this trading day is relatively limited, but we need to pay close attention to the relevant statements of Secretary of State Rubio at the NATO Foreign Ministers' Meeting and the impact of the speeches of Federal Reserve officials on monetary policy expectations. Operation strategy: 1. It is recommended to short gold when it rebounds to 3250-3255, with a stop loss at 3263 and a target of 3235-3210
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by hgkth5
EUR/USD Daily Short SetupSetup: Retest of the former support zone (now supply) after the recent pullback from the mid-April highs Entry: Short around 1.1336 (within the shaded resistance box) Stop-Loss: Above the recent swing high at 1.1390 Take-Profit: Near the lower range support at 1.0735 Risk : Reward: ~1 : 5 Rationale: Following a strong rally from early March to mid-April, EUR/USD has corrected sharply and is now back into the grey supply area that previously acted as support. This zone is likely to cap upside moves, making a short entry here attractive. The next major support lies around 1.0735, offering a high reward relative to risk. A break above 1.1390 would invalidate the setup.
Short
by SerenityEquity
3
Daily Analysis: 14‑05‑2025 The temporary 90-day tariff reduction agreement between the United States and China, along with ongoing diplomatic communications, has weakened demand for gold and other safe-haven assets. A temporary easing of geopolitical tensions has also prompted investors to shift toward higher-risk assets. On the economic front, U.S. inflation data (CPI) released yesterday came in below expectations, but the impact of tariffs was limited, and the data did not cause significant volatility in gold prices. This morning, gold is trading with a bearish tone, and this downward pressure is likely to persist throughout the day. If the 3,200 level is broken, the next support may be found at 3,168. In case of a rebound, resistance levels are located at 3,260 and 3,282.
O
by byyahyagold
EUR/USD..3h chart pattern.**sell trade** on **EUR/USD** at **1.12500** with the following parameters: - **Take Profit 1:** **1.11800** (70 pips gain) - **Take Profit 2:** **1.10700** (180 pips gain) - **Stop Loss:** **1.13000** (50 pips risk) ### **Trade Analysis:** - **Risk-Reward Ratio:** - For **TP1 (1.11800)**: **1.4:1** (70 pips gain / 50 pips risk) - For **TP2 (1.10700)**: **3.6:1** (180 pips gain / 50 pips risk) - **Key Levels:** - Resistance near **1.13000** (stop-loss level) - Support near **1.11800** (first target) - Stronger support around **1.10700** (second target) ### **Recommendation:** - Ensure market conditions support a bearish move (check recent price action, news, and technical indicators like RSI, MACD, or trendlines). - Consider partial profit-taking at **1.11800** to lock in gains and move stop-loss to breakeven. - Monitor economic events (Fed/ECB speeches, US/EU economic data) that could impact EUR/USD. Would you like help with technical confirmation or an alternative strategy?
Short
by Algo_Trading_Mql5
5