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Harmonic Patterns

Play On LevelsRetested the Breakout Level around 180 - 185 & Closed just above a Very Important fib level around 188. But, 188 - 195 is Very Important Resistance as of now. If 195 is Crossed with Good Volumes, 212 - 215 can be touched initially. Couple of Positive Weekly Candles with comparatively good volumes may confirm HL on Monthly basis. On the flip side, 175 - 184 is a Support Zone & also Double Bottom around 175 - 176, so Short Term Traders may expect a bounce from this level.
PSX:ENGROH
by House-of-Technicals
Bitcoin Elliott Wave Structure & Potential CorrectionHello Traders, In today’s analysis, we are focusing on Bitcoin’s intraday price action and discussing Elliott Wave theory to evaluate the possibility of a correction from the current region. After a bullish expansion, Bitcoin has now completed a full 1-2-3-4-5 Elliott Wave cycle. The recent pullback suggests that price action is entering an ABC correction phase, which typically follows a strong bullish wave. Given this, we can expect price to remain range-bound between key support and resistance levels as the correction develops. Currently, Bitcoin is approaching local resistance, aligning with the 0.618 Fibonacci retracement and the previous Value Area Low (VAL). This Wave B completion zone is a critical area to watch. If price action fails to reclaim the previous VAL, there is a high probability of rejection, leading to a rotation lower for Wave C. However, a strong bullish breakout and reclaim of resistance would invalidate the short trade setup. Key Technical Points to Consider • Bitcoin has completed a 1-2-3-4-5 Elliott Wave expansion, signaling the possibility of an ABC corrective wave. • Wave B is approaching key resistance, aligning with the 0.618 Fibonacci retracement and previous VAL—this is a potential short trade zone. • A failure to reclaim this resistance increases the likelihood of a rejection, while a breakout and sustained bullish strength would invalidate the correction thesis. Potential Scenarios & Conclusion If Bitcoin rejects from the current resistance, traders should watch for a move lower into Wave C, confirming the correction phase. This scenario presents a shorting opportunity, but risk management remains crucial. Conversely, if Bitcoin reclaims resistance with bullish strength, it could indicate that the correction is invalid, and price may continue trending higher. As always, trade execution should be managed carefully, and confirmation at key levels is essential before committing to any position. The next few sessions will be crucial in determining whether Bitcoin follows through with the expected correction or establishes bullish continuation beyond resistance.
Short
by AzizKhanZamani
2
DOUBLE BOTTOM IN ETH / ETH TO $2,500Hello! We have confirmation of a double bottom. Eth has a bullish pattern, the price reached the liquidity zone at $1,780, took positions, and the price began to form a double bottom. The price of Eth has already gained liquidity, and on a weekly and daily chart, the price will be looking at $2,500. Remember that a weekly chart is for seeing results between 20-30 days and a weekly chart will be seeing results over a period of 3 months. It is not ruled out that the price remains in its range. However, the indicators, price action, and market sentiment tell us that Eth is suitable for long positions.
BINANCE:ETHUSDLong
by GustavoCastaneda1
2
Bitcoin (2024-2025) vs. Russell 2000 in (2017-2018)Bitcoin (2024–2025) is tracing a structure similar to the Russell 2000 (2017–2018). On the slide: BTC on top, RUT below - both showing near-identical consolidation patterns just before a major breakout. Both periods were marked by macro stress: • 2018 + 2025: Trump tariffs + rising global trade friction Back in 2018, RYY rallied 22% into a blow-off top, tagging the 1.618 Fib. If BTC repeats the move, that projects a 70% rally - bringing us right to the $130K target we've been tracking. Same structure. Same season. Similar stress. Different ticker.
TVC:RUTLong
by Flow-Trade
Gold trend analysisGold prices strengthened again, with spot gold prices rising by more than 1.5% during the week. This upward trend was mainly affected by the tariff policy that the United States is about to implement. Trump will announce reciprocal tariff measures against all countries. The cautious market sentiment has driven funds to flow to safe-haven assets. At the same time, the market will usher in the release of a number of important economic data. Before the release of the non-farm payrolls report, market traders are paying close attention to various economic indicators. Richmond Federal Reserve Barkin said that the current economic situation is shrouded in thick fog, and it is difficult for policymakers to clearly judge the trend of interest rates, while concerns about economic recession have not dissipated. From the daily level, the daily line closed with a small cross Yin line after three consecutive positive lines. There is selling pressure on the upper side, and it is necessary to pay attention to the continuity of the bulls. If the daily line closes another real Yin line, gold will further expand the adjustment in the short term, and the support near 3060-57 may be tested on the lower side. From the current form, yesterday's small Yin line is temporarily regarded as a bull's stepping back. Investors are currently waiting for Wednesday's ADP and detailed tariff plans. The market avoids the cautious mentality of uncertainty. Technically, gold is still in a bullish trend, and the main idea is to buy more after a pullback. Short-term 4-hour chart, the current support below is around 3100-3095, which is the key to whether a short-term short position can be formed. If it falls below, it will enter a short-term short trend. The short-term upper resistance focuses on the two positions of 3027-3038, which is the recent top and bottom conversion position. If it goes up, it is around 3150. According to the recent market trend, it is all rising. Therefore, today we continue to buy more at a low level and look at the cycle of rising, and then combine the strength and weakness layout. US market and other data. Gold strategy: It is recommended to buy more at 3108/09, stop loss at 3100, and target around 3123-3127 and 3137.
PYTH:XAUUSDShort
by GladysEmily