Harmonic Patterns
GOLDWhen gold touches the supply roof on the daily chart, it's a significant development. The supply roof represents a strong resistance level where sellers are likely to enter the market on sentiment the ascending trendline have kept bearish order and a tap into the structure on newyork session at 2763.8 might return correction where we will look on demand floor from 2716-2715 for buy opportunity.
Given this scenario, there are two possible outcomes:
Outcome 1: Respect the Supply Roof
In this scenario, gold's price action respects the supply roof, and the price is rejected at this level. This could lead to a pullback or a consolidation phase, as sellers overpower buyers.
Outcome 2: Break Above the Supply Roof
Alternatively, gold's price action might break above the supply roof, indicating a potential trend continuation , This would suggest that buyers have overcome the selling pressure, and the price might continue to rise where i see a retest into current all time high in the zone of retest 2800-2798-2793 sell zone and the end of the daily rally will be on the roof of our cloned supply roof in the of 2856-2867 for pay day.
GOODLUCK
ETH BTC broke down the multi-cycle support trendline on HTFWe previously expected a reversal on multiple occasions, unsuccessfully each time. Last major prediction is visible in the chart (blurred). There were two major lines of support for ETHBTC, it broke the first one, then it bounced off the multi-cycle support line and we predicted the bottom at that stage and went long.
Unfortunately, that bounce was both short-lived and weak and ultimately it reversed all the bounce and broke down BELOW the multi-cycle support line for ETHBTC.
We will not be shorting this, but the long-time frame for ETHBTC is now in the bearish mode.
Potential key levels to watch are marked below.
Bearish drop off pullback resistance?GBP/USD has reacted off the resistance level which is a pullback resistance that aligns with the 138.2% Fibonacci extension and could drop from this level to our take profit.
Entry: 1.2372
Why we like it:
There is a pullback resistance level that lines up with the 138.2% Fibonacci extension.
Stop loss: 1.2474
Why we like it:
There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement.
Take profit: 1.2239
Why we like it:
There is an overlap support level that lines up with the 61.8% Fibonacci retracement.
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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.
Heading into 61.8% Fibonacci resistance?GBP/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 194.66
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 197.19
Why we like it:
There is a pullback resistance.
Take profit: 191.77
Why we like it:
There is a pullback support level.
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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.
Bullish rise?GBP/CAD has reacted off the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.7650
Why we like it:
There is an overlap support level that is slightly below the 38.2% Fibonacci retracement.
Stop loss: 1.7556
Why we like it:
There is a pullback support level that aligns with the 71% Fibonacci retracement.
Take profit: 1.7821
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
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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.
DJI a FAILED 5th Wave and right shoulder Head n shoulder TOP The chart now can be seen as A 5th wave Failure . as we have entered the 6 spiral window. the last 5 /6 spirals called the TOP to the day major turn 11/29 to 12/5 in the dji it was 11/29 and the MATH was near perfect . Now what ?? the drop in my view was wave 4 of the Supercycle peak . since then cycles turned up and the 5th wave started . based on the 80 day cycle due mid dec . so why am I calling this a Failed 5th wave reason is the last low was one of the longest days down in US history and breaking the long term trendline support The High Hit the trendline at the peak going back to the sept 2nd 1929 high . The fact that the sp 500 is now the only index to print a new record high is a warning . I started to move into puts on friday jan 17th and moved to a 110 % long puts today at 6100 in the spx cash and 533 in the QQQ , The market can still trace out a small 4 nad 5 and 4.5 and the DJI could still print a minor new High but today and this week are a grouping of 6 spirals Golden ratio . the DJI has only rallied to almost .786 the drop 44370 target I started buying puts at 43800. 2025 is a very bearish cycle see my forecast DEC 8th 2024 . Best of trades WAVETIMER
EurUsd - This Will Impact Your Trading In 2025!EurUsd ( OANDA:EURUSD ) is heading much lower:
Click chart above to see the detailed analysis👆🏻
For basically an entire year, EurUsd has been retesting a massive previous support which was then turned resistance. Over the past couple of months, we then saw a significant drop breaking all structure towards the downside and it is quite likely that this won't stop soon.
Levels to watch: $1.090, $0.970
Keep your long term vision,
Philip (BasicTrading)
GOLD BULLISH 2774Hey there On 15mTF Gold looking for bullish continue
For some reversal point maybe come back at the 2752-2750 level
And we may see continue bullish side break ath 2762-2766-2770
So we can see now gold will stop tomorrow 2774 and maybe we can see 2780
Good luck
And do follow and hit the like button on my analysis
Potential bullish rise?EUR/CAD has reacted off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 1.4921
Why we like it:
There is an overlap support level that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 1.4842
Why we like it:
There is a pullback support that is slightly above the 61.8% Fibonacci retracement.
Take profit: 1.5043
Why we like it:
There is a pullback resistance level.
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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.
Bollinger Bands — Enhanced Classic Tool for Technical AnalysisBollinger Bands — Enhanced Classic Tool for Technical Analysis
Bollinger Bands are a classic technical analysis tool designed to identify short-term trends and gauge market volatility. We’ve upgraded their functionality to make them even more intuitive and precise for trading decisions.
What’s New in Our Bollinger Bands:
Color-Coded Trend Identification
The band color automatically shifts with short-term trend reversals. This allows traders to quickly spot trend direction and decide when to enter trades.
Band Width
Reflects current volatility levels and price momentum. Narrow bands signal consolidation (accumulation/distribution), while wide bands indicate high volatility and potential trend initiation.
Dynamic Support & Resistance Levels
The outer bands, calculated as standard deviations from the moving average, act as dynamic reference points for entry and exit levels.
Gradient Zones
The bands are divided into four gradient zones, highlighting optimal areas for position sizing. Buy near the lower zones, sell near the upper zones—simple yet effective.
How to Use Bollinger Bands in Trading:
1. Identify Short-Term Trends
Bullish Trend: Green bands signal a bullish market.
Bearish Trend: Red bands indicate bearish sentiment.
2. Assess Volatility & Choose Strategies
Wide Bands: High volatility, strong trend initiation. Consider breakout strategies.
Medium Bands: Range-bound markets. Trade bounces from band boundaries.
Narrow Bands: Consolidation (accumulation/distribution), often preceding strong price impulses.
Pro Tip: A sharp band contraction often precedes explosive price movements.
Volatility Assessment Examples
High Volatility + Trend:
Wide band expansion signals a strong bullish trend (green bands).
Medium Volatility + Range:
Moderate band width and frequent color shifts suggest choppy markets—ideal for boundary bounce trades.
Low Volatility + Breakouts:
A narrow band breakout (green bands) confirms a strong bullish impulse.
Trading Bounces from Band Boundaries
Prices tend to revert to the moving average (midline). This makes Bollinger Bands a powerful tool for swing traders:
Lower Band (Support): Oversold zone—consider long positions.
Upper Band (Resistance): Overbought zone—consider short positions.
Bounce trades work best in sideways markets or unclear trends. Avoid bounce strategies during band expansion (new trend formation).
Example Trades
Short on Upper Band Rejection:
Price stalls at the upper band in a bearish macro trend, offering a high-probability short entry.
Long on Lower Band Rebound:
Price bounces from the lower band in a bullish macro trend, confirming a long opportunity.
Additional Confirmation Tips
Combine Bollinger Bounce signals with:
Midas Multi-Indicator: Whale activity detection, trend ribbon reversals.
Oscillator Overextension: RSI, Stochastic, or MACD divergence.
Price Momentum: Volume spikes or candlestick patterns.
Refine entries by aligning band signals with broader market context and multi-timeframe analysis.