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Harmonic Patterns

Technical Take: USD Support in Play across Key TimeframesAccording to the US Dollar (USD) Index, the USD finished the week on the ropes, down 1.8%. Despite the growing sense that US President Trump may not live up to the hype of his pre-inauguration statements – placing a question mark on USD upside – technical studies appear to favour bulls. Long-Term Technicals Favour Bulls Technically speaking, I have been banging the drum for monthly resistance at 109.33 for quite some time now, which, as you can see, recently entered the fray and held ground. For anyone interested, I am a staunch advocate of yearly opening levels, and 109.33 has demonstrated a solid track record as a support and resistance – extended from as far back as 2001. However, while a notable area, several technical factors support USD bulls. This includes the overall trend facing to the upside, clear (local) support at 105.91-107.39, both the 50-month (101.09) and 200-month (91.16) simple moving averages (SMAs) rotating higher (the 50-month SMA has also been north of the 200-month SMA since early 2017), and, finally, the monthly chart’s Relative Strength Index maintaining position north of the 50.00 centreline since 2021 (positive momentum), albeit scraping the threshold several times since 2023. Consequently, it would appear that sellers have their work cut out for them. Daily and H1 Support Enters the Fight Across the page on the daily chart, Friday wrapped up the session probing through bids at support from 107.77 (now marked resistance) and touched gloves with the 50-day SMA at 107.58, as well as a 61.8% Fibonacci retracement ratio at 107.24 (note that support is also present nearby at 107.05). Although you could argue that the earlier break of trendline support (extended from the low of 100.18) may fuel further technical downside, current support between 107.05 and 107.58 is not an area to overlook, particularly when it blends with the upper edge of monthly support (107.39). Were buyers to take control here, 107.77 resistance is an obvious hurdle before confirming a bullish scenario on the daily scale, while rupturing support could unearth another support as far south as 105.62. Shorter-term flow on the H1 chart is in a clear downtrend, consisting of a series of lower lows and lower highs. Given the break of clear lows around 107.70ish (blue oval area), this intensified downside pressure through tripped long positions and fresh breakout selling. I have been monitoring a key support level from 107.25 for a while, and I believe it may be a platform where buyers begin building a position. This is due to where we are trading from on the bigger picture (monthly and daily support) and fresh liquidity available from the break of short-term lows at 107.70. As you can see, together with the H1 support, a 1.618% Fibonacci projection ratio at 106.86 (harmonic traders may recognise this as an ‘alternate’ AB=CD bullish setup) and a 100% projection ratio at 106.84 (equal AB=CD formation) resides below current support, which buyers may use as their lower threshold to construct a support zone with 107.25. We have already witnessed some buying from 107.25 on Friday. Still, if the daily resistance from 107.77 is consumed, this would likely encourage buying and eventually pave the way toward the monthly resistance mentioned above at 109.33, closely shadowed by another layer of daily resistance from 109.53. Written by FP Markets Market Analyst Aaron Hill
TVC:DXYLong
by FPMarkets
PNUTUSDT: Near Its Critical Pivot – Will the Market Make Its MovPNUTUSDT is sitting on the edge of a key threshold at $0.3188, just a breath away from its absolute low of $0.3044, set today. With an 87% plunge from its all-time high of $2.5084, the asset is signaling a potential turning point. RSI at 41.17 indicates a mildly oversold condition, setting the stage for either a rebound or a deeper dive. Recent patterns, including VSA Buy signals and volume surges, suggest that bullish energy might be brewing just under the surface. Yet, the heavy resistance levels above at $0.3668 and $0.4176 could act as significant tests for any upward momentum. With macroeconomic factors steady but market sentiment edgy, PNUTUSDT traders face the pressing question: is this the bottom, or could another leg down be imminent? This is a critical moment for both short-term traders eyeing quick reversals and long-term investors evaluating the larger picture. Will you seize the potential rebound or wait for clearer confirmation? Stay tuned – the next move could define the trend for weeks to come! PNUTUSDT Roadmap: Patterns That Defined the Price Action PNUTUSDT has been a rollercoaster for traders recently, with distinct patterns revealing the market’s intentions. Let’s dive into the key candle patterns and how they played out, separating the noise from actionable moves. 1. The "Increased Sell Volumes" Pattern (January 25, 2025) Direction: Sell Price opened at $0.3182 and closed at $0.3051. This bearish setup pushed the price near the asset's absolute low of $0.3044. The sell-off was decisive, as subsequent price action confirmed the direction with a continuation towards the $0.3044 low, validating the main direction of the pattern. 2. "VSA Buy Pattern Extra 1st" (January 24, 2025) Direction: Buy Opening at $0.3239, the price moved higher briefly but closed at $0.3182. While the main direction indicated a buy opportunity, the following sell-off undermined its potential, indicating this pattern failed to confirm its trigger. 3. "Increased Sell Volumes" (January 23, 2025) Direction: Sell Opening at $0.3561 and closing at $0.3527, the pattern confirmed its sell bias as the price dipped further in subsequent candles, aligning with the bearish sentiment. This gave traders an ideal short entry opportunity. 4. "Buy Volumes Takeover" (January 23, 2025) Direction: Buy Despite the bullish direction, this pattern struggled for validation as sell-side pressure dominated immediately afterward. This pattern underperformed, marking a skip in actionable moves. 5. "VSA Manipulation Buy Pattern 4th" (January 22, 2025) Direction: Buy This was the turning point. The price moved higher, confirming its trigger by closing above the previous resistance level and aligning with the predicted bullish move. Traders who caught this shift enjoyed a strong recovery rally. Key Takeaways from the Roadmap: "Increased Sell Volumes" patterns have consistently delivered, highlighting a reliable bearish trigger. "Buy Volumes Takeover" patterns often need clearer confirmation to provide actionable trades. "VSA Manipulation Buy Patterns" showed strength in directional accuracy, offering robust opportunities when validated. This roadmap emphasizes how selective trading, focused on validated patterns, helps cut through the market's noise and capture meaningful moves. For traders, knowing when to act—and when to stay out—is the game changer. Technical & Price Action Analysis: Key Levels to Watch The PNUTUSDT market is heating up, and every trader knows that nailing the key levels can make or break your strategy. Here’s a breakdown of the most critical support and resistance zones on the radar right now. If these levels don’t hold, expect them to flip and act as barriers for price action—classic support-turns-resistance and vice versa. Support Levels First Support: $0.3044 — The absolute low and a key battleground. If buyers fail to defend this level, the bears might take full control. Second Support: $0.3668 — A short-term cushion for buyers to regroup. Losing this zone signals trouble for the bulls. Resistance Levels First Resistance: $0.3668 — If price fails to reclaim this level, it’ll act as a headwind for bullish momentum. Second Resistance: $0.4176 — A crucial ceiling for bulls. Breakout above could open doors to new highs. Third Resistance: $0.4513 — A make-or-break zone for major trend shifts. Fourth Resistance: $0.5165 — Only serious bullish strength can push past this level. Fifth Resistance: $0.6692 — The long-term target for any meaningful upside. Powerful Support Levels Critical Zone: $0.6521 — This level must hold if the bulls want to regain control of the narrative. If breached, expect a deeper pullback. Powerful Resistance Levels Currently Undefined — Keep an eye on momentum and price reaction at the aforementioned resistance zones. As always, respect these levels and watch for confirmations—breakouts need follow-through, and false moves can wreck your game. Trade smart, manage risk, and don’t chase—let the market come to you! Trading Strategies Using Fibonacci Rays Understanding the "Rays from the Beginning of Movement" concept allows traders to harness the natural dynamics of Fibonacci proportions and geometric levels. These rays provide a dynamic framework to identify key zones for price interactions, predicting possible reversals or continuations with precision. Let’s explore how to use these rays for your trading strategy. Concept of Rays Rays are constructed from the beginning of a movement pattern, providing dynamic levels that adapt as the market evolves. They rely on Fibonacci angles to establish critical zones where price interaction is likely to occur. Key insights include: Price Interaction: Signals either reversal or continuation but requires confirmation from dynamic factors, such as patterns or volume shifts. Adaptability: Rays adjust as new patterns emerge, creating a flexible approach to identifying key movement boundaries. Complementary Analysis: Crossing points with moving averages (MA50, MA100, MA200, etc.) strengthen the significance of ray zones. Two Scenarios: Optimistic and Pessimistic Optimistic Scenario Interaction with $0.3668 (Resistance Level): If price breaks this ray and confirms with volume and pattern, we could see a continuation to $0.4176 (next ray). Interaction with MA100 at $0.3557: A confirmed close above this moving average signals a bullish trend with the potential to aim for $0.4513. Final Target: $0.5165 as a long-term ray and Fibonacci convergence zone. Pessimistic Scenario Failure at $0.3668 Resistance: Price interaction signals rejection and a probable pullback to $0.3044 (Support Level). Interaction with MA200 at $0.4328: A failure to break above could lead to a deeper sell-off to retest $0.3044. Break Below $0.3044: A move below this level indicates strong bearish momentum, with $0.6521 becoming the next significant resistance as the price reverses. Suggested Trades Trade 1: Buy Breakout at $0.3668 Target 1: $0.4176 Target 2: $0.4513 Comment: Wait for a confirmed breakout with volume above the ray. Trade 2: Short at Rejection Near $0.4176 Target 1: $0.3668 Target 2: $0.3044 Comment: Watch for bearish patterns or volume declines to confirm entry. Trade 3: Buy Near $0.3044 Support Zone Target 1: $0.3668 Target 2: $0.4176 Comment: Confirm with interaction at the ray and a bullish reversal pattern. Trade 4: Short After MA200 Failure at $0.4328 Target 1: $0.3668 Target 2: $0.3044 Comment: Momentum loss and price rejection confirm bearish continuation. Key Takeaway: Trade between rays like stepping stones, moving from one target to the next. Confirm entries after interaction with rays and dynamic factors like volume or MA crossings. Each ray represents not just a technical level but a gateway to the next movement zone. Use this framework to navigate the market with confidence and precision! Let’s Stay Connected and Trade Smarter Together! Got questions or thoughts about the analysis? Drop them in the comments below—I’m always happy to chat and help clarify anything! Your feedback and discussions are what keep this trading journey exciting and collaborative. If you found this idea useful, don’t forget to hit Boost and save it to track how the price moves along these mapped-out levels. Understanding the points where trades make sense is key to growing as a trader, so let’s watch the market evolve together. By the way, the rays and levels in this strategy are drawn automatically using my custom indicator—it’s available privately. If you’re interested in using it, feel free to message me directly for details. I also offer analysis on any asset you’d like, whether it’s a free post here or a personal, private breakdown for your unique ideas. The beauty of this strategy is its versatility—it works across all assets, and price always respects these dynamic rays. If you have a specific asset you’d like analyzed, hit Boost, leave a comment, and I’ll do my best to prioritize it. Make sure to follow me here on TradingView to stay updated with my latest ideas and strategies. This is where I post regularly, so don’t miss out on the tools and insights that can give your trading the edge it deserves. Let’s grow and trade together! 🚀
Long
by brandlabelden
3
Chart : GBP/USDHarmonic Analysis: The GBP/USD chart shows a potential "AB=CD" or "Gartley Pattern" structure. There are clear harmonic movements forming an upward trend. The green line pointing upward indicates the completion of the D point, where we might expect GBP/USD to rise further after the "CD" leg completes. Opportunities and Risks: Opportunity: If GBP/USD bounces off the lower trendline (support) and completes the CD leg, a new bullish move could follow. Risk: If the price breaks below the D level or the channel, the harmonic structure could fail, leading to further downside. Recommendation: Wait for the completion of the CD leg (around 1.2350 or near the support line). This would provide a good entry point for a potential bullish move as the D point acts as a reversal zone.
Long
by professionalgoldtrader
EURJPY BEARISH FOR 100PIPS, 20PIP STOPechnical Analysis: Resistance Levels: If EUR/JPY is currently near a significant resistance level, a reversal to the downside could be likely. Trend Indicators: Look for confirmation from moving averages (like the 50 and 200 MA) showing a bearish crossover, or if the RSI (Relative Strength Index) is overbought and signaling a potential pullback. Price Action: If there’s a bearish candlestick pattern like a shooting star or engulfing pattern forming at a resistance point, it could signal a short-term reversal. Fundamental Factors: A shift in Eurozone or Japan economic data (such as weak Eurozone growth or hawkish Bank of Japan statements) could provide further downside pressure on EUR/JPY. Geopolitical tensions or broader risk-off sentiment could also boost JPY strength as a safe haven. Key Levels: If EUR/JPY is at, say, 155.00 and you're targeting a 100-pip bearish move, the first target would be around 154.00. Watch for any support levels and trendlines around this point.
Short
by LORDOFTHETRADERS
SOL/USDT pair on the 4-hour Analysis: 1. Symmetrical Triangle Pattern: The price chart is consolidating within a symmetrical triangle pattern. This pattern often indicates market indecision, and a strong move typically occurs once either the support or resistance line is broken. 2. Resistance Levels: The first key resistance level is around $260–$265 (top of the triangle). If broken, the price could move toward higher levels such as $280 and possibly $300. 3. Support Levels: The primary support level is around $240–$245 (bottom of the triangle). If this level is breached, the price might decline toward lower supports, such as $220 and $200. 4. RSI Indicator: RSI is hovering around the middle (approximately 50), indicating no strong momentum at the moment. A breakout above 70 could confirm an upward move, while a drop below 30 might signal further decline. 5. Volume: Decreasing volume suggests that the market is preparing for a strong move. A triangle breakout should be accompanied by increasing volume for confirmation. --- Trading Strategy: If there is a breakout to the upside: 1. Enter a Long Trade: Enter a buy position after a breakout and candle close above $265. Take Profit: Initial targets could be $280 and $300. Stop Loss: Below $260 (or below the triangle’s bottom around $245). 2. Scaling Up: If the price reaches $280 and momentum remains strong, consider increasing your position size. If there is a breakout to the downside: 1. Enter a Short Trade: Enter a sell position after a breakout and candle close below $240. Take Profit: Initial targets are $220 and then $200. Stop Loss: Above $245. 2. Risk Management: Risk only 1-2% of your total capital in each trade. --- General Advice: False breakouts are common in this type of pattern, so wait for confirmation (e.g., volume increase or the next candle close). Monitor the market closely and use risk management tools such as stop-loss orders.
by Benjo_trade
two patterns are very similarI think the two patterns in pink squares are very similar, but the one that is about to fold is much bigger. the previous one had about 70+ percent rally and judging by the proportion we could expect about 200+ percent move to the upside. Anyway, as we all know the ETH tends to play the catch up game to the BTC. Also, with current support from the new POTUS and his accumulation of the ETH seems to be approving this move. THIS IS WHAT I'M EXPECTING
BINANCE:ETHUSDLong
by ochir1234
What To Look For On OilOur analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
TVC:USOILShort
by dkb14246
Avalanche (Avax) market analysis📈 AVAX Analysis Update: AVAX has recently bounced off a strong support level on the 4-hour timeframe, with the RSI showing oversold conditions. Additionally, increased on-chain activity and growing adoption of Avalanche’s subnets suggest heightened interest from both retail and institutional investors. These factors indicate a potential bullish movement for AVAX. 📉 Expectations: We expect AVAX to re-test key resistance levels highlighted in the attached chart. A breakout above these levels could open the door for further upward momentum. 📊 Trading Strategy: This setup is based on a combination of technical indicators and volume trends, suitable for medium to long-term trades. Always ensure proper margin management and implement sound risk controls to navigate market fluctuations. 🚦 Trading Rules: 1️⃣ Rule 1: Enter the trade only after AVAX crosses above our entry-level (GREEN LINE ON THE CHART). 2️⃣ Rule 2: Once Target 1 is achieved, consider partially closing your position or moving your STOP LOSS to the ENTRY price to protect gains. 3️⃣ Rule 3: Avoid entering new trades based on the same signal after Target 1 is reached. 4️⃣ Rule 4: If AVAX consolidates for over 2 days without breaking resistance, close the trade and wait for new opportunities. 💡 Disclaimer: This is not financial advice—just an educational post sharing my ideas and thoughts. Always conduct your own research and consult a financial advisor before making any investment decisions. Feel free to reach out with questions or feedback. Trade smartly and stay disciplined! 🚀✨
Long
by Pro-Trading-Africa