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Harmonic Patterns

BITCOIN Desperately needs that weekly closing!Bitcoin (BTCUSD) broke last week above its January Resistance, effectively making a new All Time High (ATH). Technically, within BTC's dominant 2.5-year Channel Up, that is not enough to generate a bullish extension on its own and the reason is that a 1W candle closing above the Resistance level is needed and not just a break. At least that's what happened during the last two Bullish Legs, where it required a convincing 1W candle close considerably above the Resistance, to confirm the Bullish Extension. In fact the break-out candles on both previous Bullish Legs is fairly identical. The minimum % rise on the pattern's three Bullish Legs has been +96.75% with the others not falling way off that range (+98.74% and +106.94%). As a result, the bare minimum Target we can be expecting, in the event of a 1W candle closing above the $109500 Resistance, is $147000. Do you think that' within the market's immediate reach? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
10
USOIL next week trend analysis, hope it helps youOPEC+ confirmed at its meeting on May 31 that eight oil-producing countries under its mechanism will continue to increase production by 411,000 barrels per day (bpd) in July, maintaining the same pace as in May and June. Although the market had partially priced in this expectation, the continuation of the production increase plan has strengthened the long-term logic of loose supply. It is worth noting that this production increase is not a unified action by the entire alliance but rather the result of core members such as Saudi Arabia and Russia voluntarily exiting production cuts, reflecting cautious attitudes within OPEC+ toward demand prospects. With oil prices currently breaking below the key psychological threshold of $60 per barrel, if the production increase plan continues into the second half of the year, it may further suppress the upside room for oil price rebounds. USOIL next week trend analysis, hope it helps you USOIL SELL@61~60.5 SL:62 TP:60~59.5
TVC:USOILShort
by AndyHopkins
1
USOIL Today's Trading Strategy Hope this helps you The situation in the Middle East remains highly tense, with the Iran nuclear negotiations stalled and U.S. sanctions against Iran still in place. The two sides have significant differences on key issues such as nuclear facility inspections and conditions for lifting sanctions. Israel's military threats against Iran's nuclear facilities have continued to escalate, repeatedly stating publicly that it does not rule out launching military strikes against Iran. In the event of a conflict, as a major crude oil producer, Iran's crude oil production and exports would be severely disrupted, and oil transportation routes in the Middle East could also be blocked, creating a huge gap in global crude oil supply. At the same time, the geopolitical rivalry between Russia and Western countries in the energy sector has intensified, and geopolitical conflicts could lead Russia to adjust its crude oil export strategy, further exacerbating supply tensions in the global crude oil market and driving oil prices sharply higher. Although OPEC+ accelerated production increases by 822,000 barrels per day in May-June, the remaining production capacity of major producers such as Saudi Arabia has fallen below 1.5 million barrels per day, making it difficult to effectively fill the supply gap left by Iran. Moreover, the production increase plan will be completed by October 2025, one year ahead of the original schedule, indicating concerns about long-term weak demand, which could instead undermine market confidence in supply flexibility. USOIL Today's Trading Strategy Hope this helps you USOIL BUY@60.5~61 SL:59.5 TP:62~62.5
TVC:USOILLong
by AndyHopkins
1
CLSK / 2hAs anticipated NASDAQ:CLSK continued to decline of 21%, since the May high >> 11.04 so far. It would be considered just as an initial development of correcting down in Minute degree wave ii (circled). Wave Analysis >> Exceeding and closing the day under the boundary line of the leading diagonal confirms that the correction in wave ii (circled) is quite well underway. It will take a few weeks ahead. The first retracement target >> 7.93 #CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
NASDAQ:CLSK
by ElliottChart
1
GBPUSDHello Traders! 👋 What are your thoughts on GBPUSD? GBP/USD has reached a key resistance zone and is currently trading below it. A bearish divergence has also formed, signaling potential weakness in bullish momentum. Given the confluence of resistance and negative divergence, we expect the price to struggle breaking above this level and likely decline toward the specified support zones. Unless price breaks above the resistance decisively, the bias remains bearish in the short term. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
5
LONG BTCBTCUSDT LONG TRADE PLAN – STEP-UP STRATEGY 1. MARKET CONTEXT - Timeframe for analysis: H1 - Entry execution: M15/M5 - Structure: Bullish shift – forming Higher Low (HL) at demand zone - Volume Profile: High volume node at 106,000–107,000 → accumulation - Liquidity: Prior low at 105.400 swept → possible MM trap zone 2. TRADE PARAMETERS - Entry (Buy): 105.850 – 105.950 - Stop Loss: 105.300 - Take Profit: 110.300 – 110.500 - Risk:Reward: ~1:4.5 (Excellent) 3. TRADE ENTRY CHECKLIST (Must meet at least 3/4): OB: Price returns to Order Block at 105.8 – 106.0 MS: Break of recent lower high on M5 or M15 Key Level: Strong historical support area Volume Spike: High volume at or below 105.400 4. TRADE MANAGEMENT - At 107.500: consider partial TP + move SL to BE - If price consolidates near entry too long → skip trade - Don’t chase if price already leaves entry zone → no FOMO 5. PRICE ACTION CONFIRMATION (Optional for Entry) - Bullish engulfing candle - Double bottom + neckline break - Rejection wick (Pin bar) on M5/M15 FINAL NOTES - Follow Market Maker logic - Focus on liquidity + structure + confirmation - No plan = No edge. Stick to rules.
Long
by tienbmdev97
2
ETHEREUM Break above this level and things get real interesting!Ethereum (ETHUSD) broke above its 1W MA50 (blue trend-line) this week and will attempt to close the week above it to confirm the official restoration of the long-term bullish trend. Regardless of that, there is another hidden trend-line that may dictate the pace of that potential bullish break-out and is no other than the underlying Pivot trend-line that started on the June 13 2022 market bottom and acted as Higher Lows up until February's Tariff fueled correction. As a result, this is now posing as a Resistance and a break above it should technically deliver rallies similar to the Bullish Legs of 2023 - 2024. Our 4100 Target remains intact. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ETHUSDLong
by TradingShot
2
NVIDIA Massive Cup and Handle targets $200.NVIDIA Corporation (NVDA) is pulling back aggressively following yet another positive Earnings report, where they beat the estimates again but the market is reacting with selling. That has been a 'norm' in the past 12 months but even from a technical standpoint, the price reached the 143.60 Resistance level (made of the February 18 High), so profit taking is technically normal market behavior here. On the longer term however, this Resistance test potentially forms the top f a very powerful pattern, the Cup and Handle (C&H). At the moment, the market has the support of both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) and the Handle, which has just started, has some room to safely consolidate for a while before the pattern break-out upwards. Technically, C&H patterns reach their 2.0 Fibonacci extensions after the break-out, so our medium-term Target is set at $200. Notice also the Bearish Divergence on the 1D RSI, which is similar to that of late October 2024. A break below the 1D MA50 risks the bullish structure on this pattern. ------------------------------------------------------------------------------- ** 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:NVDALong
by TradingShot
1
BTC - Let's Do It Again!!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our last analysis (attached on the chart), BTC rejected the lower orange trendline and moved higher as expected! ✅ 🔄 BTC is now retesting the lower trendline again, so we’ll be looking for new trend-following buy setups as long as the red structure at $105,000 holds! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
19
Gold Trade Plan 30/05/2025Dear Traders, The market is currently ranging between 3250 and 3330. The midline zone of the range box, around 3285–3290, is a key area for the continuation of the bullish trend. Price has bounced upward several times after touching this zone. If the 3285–3290 area is broken, the price is likely to drop first toward the 3250 level. if you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
OANDA:XAUUSDLong
by alirezak
Can Gold Break Out? Inverse Head & Shoulders Setup on 15-min📊 XAUUSD 15-min Analysis – Inverse Head & Shoulders Pattern Forming Gold (XAUUSD) appears to be forming a classic inverse head & shoulders pattern on the 15-minute chart. The neckline is observed around the $3296 level, with visible symmetry between the shoulders and the head. A potential breakout above the neckline could push price toward the estimated target of ~$3329. However, it's important to watch for volume confirmation at the breakout point — volume spikes often add credibility to these patterns. Support remains near the $3248 level — if price breaks below the head, this pattern would be invalidated. 🟡 Key Levels: Neckline: $3296 Target: ~$3329 (if neckline breakout holds) Support: $3248 ⚠️ This is an educational chart for technical analysis learning purposes only — not financial advice. #XAUUSD #Gold #TechnicalAnalysis #ChartPatterns #InverseHeadAndShoulders #Breakout
OANDA:XAUUSD
by Smart_Trading_Strategy
Altcoins The Moon AwaitsLike always, everything is clearly outlined on the charts : - As a trader, it's crucial to follow logic and technical analysis. If you get caught up in the news and listen to everyone on Twitter, you won't last long. - The first major altcoin rally was in 2018, pushing the market to $300 billion. This level later acted as a key support throughout the 2022–2023 bear market. - The last all-time high for the crypto market (excluding Bitcoin and Ethereum) reached $1.15 trillion in 2021. ( blue doted vertical line ) - This all-time high was retested in December 2024, with this ATH acting as strong resistance. ( second blue doted vertical line ) - The next move could be a breakout above this resistance. According to Fibonacci projections, the altcoin market has the potential to reach $4 trillion. While the spotlight remains on Bitcoin and ETFs, altcoins could catch up with a sudden and powerful surge, so make sure you’re not left behind. Hodl! Happy Tr4Ding !
CRYPTOCAP:TOTAL3Long
by thecryer
Bearish drop?The Gold (XAU/USD) has reacted off the pivot and could potentially drop from this level to the 1st support. Pivot: 3,237.46 1st Support: 3,239.71 1st Resistance: 3,415.22 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:XAUUSDShort
by ICmarkets
1
Today's BTC trading strategy, I hope it will be helpful to youDespite the current pessimistic market sentiment, this often serves as a precursor to a market reversal. During the price decline, trading volume has significantly shrunk, indicating that panic selling is gradually decreasing and bearish momentum is being continuously exhausted. When trading volume begins to moderately expand, it signifies that new capital is entering the market, and market sentiment is gradually recovering. At the same time, according to fund flow data, although funds are flowing out in the short term, institutional investors' attention to Bitcoin has not diminished in the long term. Once market sentiment improves, institutional capital is likely to flow back on a large scale, driving Bitcoin prices higher. In terms of macro policies, attitudes toward Bitcoin around the world are gradually diversifying. Some countries have begun to explore Bitcoin's applications in the financial sector, and even have policies to support the development of Bitcoin-related industries. Once countries introduce policies that explicitly support Bitcoin's development—such as recognizing its legal status or simplifying transaction processes—it will greatly boost market confidence and attract more funds into the Bitcoin market. From an industry development perspective, as a typical application of blockchain technology, Bitcoin's technology continues to iterate and upgrade, and its application scenarios are also expanding, fundamentally enhancing Bitcoin's intrinsic value and providing long-term support for price increases. Today's BTC trading strategy, I hope it will be helpful to you BTCUSDT BUY@102000~103000 SL:101000 TP:105000~107000
Long
by AndyHopkins