Harmonic Patterns
Monthly CLS, KL Monthly OB, Model 1 , ReversalMonthly CLS, KL Monthly OB, Model 1 , Reversal
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
A Clear Cup and handle formation on Solana.When a chart pattern forms a Cup and Handle, it typically signals a bullish continuation pattern, suggesting that the price is likely to break out to the upside after a period of consolidation. This pattern is commonly seen in stocks, cryptocurrencies, and other financial assets.
Key Characteristics of the Cup and Handle Pattern:
Cup Formation:
The price gradually declines, forming a rounded bottom.
This phase indicates accumulation and consolidation.
Volume usually decreases during the cup formation.
Handle Formation:
After the cup, a small downward drift (handle) forms, representing a pullback.
The handle is usually a short-term consolidation before a breakout.
Volume typically contracts further during this phase.
Breakout:
Once the price breaks above the resistance level (the cup’s rim), a bullish move is expected.
Volume should ideally increase significantly during the breakout.
Trading the Cup and Handle Pattern:
Entry Point:
Enter a trade when the price breaks above the resistance (the highest point of the cup).
Some traders wait for a retest of the breakout level for confirmation.
Stop Loss:
Set a stop loss below the handle's low or the cup’s bottom to minimize risk.
Profit Target:
Measure the depth of the cup and project that distance upwards from the breakout point.
For example, if the cup depth is $10, the expected price target after breakout would be $10 above the breakout level.
Limitations of the Pattern:
False breakouts can occur, leading to losses.
The pattern works better in strong bullish market conditions.
A prolonged handle could indicate market hesitation and invalidate the pattern.
CHECK GOLD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends 👋🏼
Gold trading signals technical analysis satup👇🏼
I think now gold ready for sell trade gold sell zone enter point (2760) to (2762)
First tp (2752)
2nd tp (2745)
stop loss (2770)
Tachincal analysis satup
Fallow risk management
Reversal for Sonic has commencedSeems like 50 cents has some iron wall defending it and now double bottom at 50 cents was established, allowing those who wanted to exit to do so (capitulation), based on the volume.
We now have made a clean reversal on the hourly.
Next targets are the launch high, which is a nice take profit target to those on long positions, but i expect overall trajectory to be higher.
TRUMP/USDT: Super Strong Bullish Momentum🚀 Trade Setup Details:
🕯 #TRUMP/USDT 🔼 Buy | Long 🔼
⌛️ TimeFrame: 1H
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🛡 Risk Management:
🛡 If Your Account Balance: $1000
🛡 If Your Loss-Limit: 1%
🛡 Then Your Signal Margin: $25.32
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☄️ En1: 52.24 (Amount: $2.53)
☄️ En2: 46.35 (Amount: $8.86)
☄️ En3: 42.15 (Amount: $11.39)
☄️ En4: 37.95 (Amount: $2.53)
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☄️ If All Entries Are Activated, Then:
☄️ Average.En: 44.21 ($25.32)
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☑️ TP1: 77.24 (+74.71%) (RR:1.89)
☑️ TP2: 87.94 (+98.91%) (RR:2.5)
☑️ TP3: 101.54 (+129.68%) (RR:3.28)
☑️ TP4: 118.83 (+168.79%) (RR:4.27)
☑️ TP5: 137.93 (+211.99%) (RR:5.37)
☑️ TP6: Open 🔝
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❌ SL: 26.75 (-39.49%) (-$10)
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💯 Maximum.Lev: 1X
⌛️ Trading Type: Swing Trading
‼️ Signal Risk: 🙂 Low-Risk! 🙂
🔎 Technical Analysis Breakdown:
This technical analysis is based on Price Action, Eliot Waves, SMC (Smart Money Concepts), and ICT (Inner Circle Trader) concepts. All entry points, Target Points, and Stop Loss are calculated based on professional mathematics formulas as a result you can have an optimal trade setup based on great risk management.
📊 Sentiment & Market Context:
The TRUMP/USDT pair is currently experiencing growing bullish sentiment, with increasing buying pressure pushing the price toward critical resistance levels. As the broader crypto market shows signs of optimism, the TRUMP coin is catching the attention of traders looking for strong potential gains. Key technical indicators suggest a possible breakout, but with volatility in play, careful monitoring is essential. On the fundamental side, TRUMP coin’s growing community support and unique positioning in the crypto space offer a promising outlook, though its long-term performance will depend on continued adoption and market trends. Keep an eye on price action for any signs of consolidation or breakout opportunities!
⚠️ Disclaimer:
Trading involves significant risk, and past performance does not guarantee future results. This analysis is for informational purposes only and should not be considered financial advice. Always conduct your research and trade responsibly.
💡 Stay Updated:
Like this technical analysis? Follow me for more in-depth insights, technical setups, and market updates. Let's trade smarter together!
AUDCHF Having a strong rebound on the 1.5 year Support.Last time we looked at AUDCHF (October 01 2024, see chart below), we took a long-term short trade based on the multi-year Channel Down:
The 0.56000 Target got hit and yet again the 1.5 year Support Zone (since August 2023) held. Sooner or later, this demand zone should break the pattern upwards and reverse the bearish trend.
Until then, we can continue buying on the Support Zone and target the Lower Highs. This time that trend-line happens to be where the 1W MA50 (blue trend-line) is headed at, so our Target is now 0.58000.
Apart from the Support Zone, we will only buy if the price breaks above Resistance 1, which will be past a Channel Down bullish break-out also, and target the 1W MA200 (orange trend-line) and Resistance 2 at 0.61000.
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👇 👇 👇 👇 👇 👇
NETFLIX New Bullish Leg to $1140 has started.Netflix (NFLX) has been trading within a long-term Channel Up since the October 18 2023 Low. Every time that the price broke below and later recovered the 1D MA50 (blue trend-line), it was the most efficient buy signal of the pattern.
This is what took place yesterday, we had the first recovery above the 1D MA50 since the break below it on Jan 10. Along with the inevitable Bullish Cross below the 0.0 level on the 1D MACD (which again has been the best buy signal all these years), we expect the new technical Bullish Leg of the Channel Up to start.
So far we've had 5 core Bullish Legs and as you can see the tend to rise by roughly the same amount two at a time. The first two have been roughly +40%, then the next two +25% and the one before +38.71%. It is fair to assume that the one that has just started will be of around +38.71% too. As a result, we can place our Target a little lower for less risk and aim at $1100.
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XAUUSD is on correction Gold prices are rising sharply because the US Dollar (DX) is weakening due to Trump's tariff speculations. This situation is creating strong buying pressure on gold. If the price stays above the key level of $2748-50 support area the next target could be $2790 or even record highs.
I entered a sell position at 2758 and it is still active. I plan to hold this position to gain more profit. Follow this strategy if it aligns with your trading goals.
If 2750 turns invalidate, next gold will be on 2740 mark.
GOLD possible double top for short #xauusd, on 30th October price test 2790 which is the highest price level in 2024. daily supply zone is bit wider i.e. 2773-2790 that is extreme supply zone before price dropped. trend is still bullish. 2778 is better level for short. stop loss above 2790. initial target 2718. need to break below 2718 for trend reversal confirmation.
OP/USDT | 1WNASDAQ:OP #Optimism Macro chart Another
💯 Intermediate Target - $8
🚩 Macro Target 1 - $11
🚩 Macro Target 2 - $17
🚩 Macro Target 3 - $25
- Not financial advice, trade with caution.
#Crypto #Optimism #OP #Investment #L2
✅ Stay updated on market news and developments that may influence the price of Optimism . Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
Analyzing USDCHF Using Support and ResistanceUSDCHF (US Dollar vs. Swiss Franc) is currently trading at 0.904, with a target price of 0.890, indicating a bearish outlook. This presents a potential gain of 100+ pips if the target level is achieved. The analysis is based on a support and resistance pattern, suggesting that the current price is below a key resistance level, which acts as a barrier to upward movement. The next support level is identified at the target price of 0.890, where the price is expected to stabilize or reverse. This implies a short-selling opportunity to profit from the anticipated price drop. The strategy assumes the price will continue its downward trend without breaking above the resistance level. Traders should closely monitor the price action near the resistance and support levels for confirmation. Effective risk management is crucial to account for potential price rebounds. The setup is ideal for technical traders focusing on price action and key levels. This plan is aligned with the overall market trend, reinforcing its validity.
ARB/USDT | 1W 🩸 AMEX:ARB #Arbitrum. Macro chart Another
💯 Intermediate Target - $4
🚩 Macro Target 1 - $6
🚩 Macro Target 2 - $10
🚩 Macro Target 3 - $15
- Not financial advice, trade with caution.
#Crypto #Arbitrum #ARB #Investment #L2
✅ Stay updated on market news and developments that may influence the price of Starknet . Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.