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Harmonic Patterns

S&P 500 MAJOR REVERSAL INCOMING? | SPX500 SELL ZONE HIT SPX500 just tapped into a critical supply zone near 5985 and has started pulling back. Is this the beginning of a deeper correction? Here’s what I’m watching 👇 --- 📊 Key Technical Zones: 🔵 Supply Zone: 5985 – 6000 (Strong historical rejection zone) ⚠️ First Support: 5436.1 – potential bounce area, but already tested 🧱 Major Demand Zone: 4990 – heavy volume base, ideal buy zone for bulls --- 🚨 Bearish Clues on the Chart: Price got rejected at the top of the supply range with a strong wick. Bearish divergence on recent highs (not shown here but evident on RSI/MACD). Clean downside structure could target 5436, then 4990 if broken. 📉 Downside Projections: First TP: 5436 Final TP: 4990 (big institutional interest) --- 🔁 Possible Scenarios: 1. 🔻 Bearish Continuation: If we break below recent support near 5880, expect speed towards 5436. 2. 🟢 Bullish Fakeout: Only a strong breakout above 5985 invalidates this setup. --- 🎯 Trade Idea (Educational): Entry: Break and retest below 5880 SL: Above 5985 zone TP1: 5436 TP2: 4990 --- 📅 June Will Be Volatile – Stay prepared. 💬 Do you think this is the start of a correction or just a dip before ATH? 🔔 Follow @FrankFx14 for clean and professional chart updates! 👍 Like, 🔁 share, and 💭 comment your thoughts below!
OANDA:SPX500USDShort
by FrankFx14
EURUSD – Bullish trend at risk amid PCE and technical pressureEURUSD has just reached the 1.13860 resistance zone – a confluence with the previous peak and former supply area. A weak rebound and a rounding top pattern are gradually forming, indicating weakening buying momentum. The 34 and 89 EMAs on the H4 chart add further pressure from a technical perspective. If the price continues to be rejected at 1.13860, it may drop toward 1.12670 – which aligns with the ascending trendline support. A break below this level would confirm a clearer bearish trend. The upcoming Core PCE data is forecasted to rise – indicating inflation remains elevated. This raises the likelihood that the Fed will maintain high interest rates for longer, supporting the USD and weighing on EURUSD.
Short
by Rocky_trade_
Gold strategy today, I hope it will be helpful to youYesterday's sharp decline in gold prices has led to short-term oversold conditions in the market. In terms of market sentiment, excessive pessimism has been fully released. Once any positive factors emerge, such as the escalation of geopolitical conflicts or safe-haven demand triggered by worse-than-expected economic data, market sentiment will quickly shift and drive prices to rebound. Additionally, as a globally important safe-haven asset and store of value, gold's long-term value still exists, and the current price decline provides a good entry opportunity for going long. Gold strategy today, I hope it will be helpful to you XAUUSD BUY@3285~3295 SL3275 TP1:3305~3315
FOREXCOM:XAUUSDLong
by AndyHopkins
USDJPY H1 I Bullish Reversal Based on the H1 chart analysis, the price is falling our buy entry level at 143.27, a pullback support. Our take profit is set at 144.85, a pullback resistance that aligns with the 50% Fibonacci retracement. The stop loss is placed at 142.12, a swing low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
Points of deflection...AKA "BOUNCE"Bounce baby..that's right!...not Beyonce!...BOUNCE! XLM on the move UP. Don't be troubled by BTC's retest of the 100k area. That is healthy and we should see a strong bounce around that 100k zone. Time to load up on your favorite ALTCOINS. As the old saying goes...a rising tide raises all ships. Wait till this baby really takes off! This is just a rough estimate as to where price could bounce in the next week or two. Not much time left in this bull cycle. Don't buy into the "this time is different" BS. We will probably top out around October 2025 so I will be positioning myself early on these trades and taking profits along the way UP. Good luck and.... ********** HAPPY XLM HUNTING **************
COINBASE:XLMUSDLong
by marcomarcello2211
HAMSTER CAN EXPLODE TO THE MOON AS NEVER BEFORE..Depending on our study and trends, we expect with high chance that hamster is going to see a new volume in the upcoming time, which will allow this coin to increase to new levels. These are our expected targets. $0,0.0024 $0,006 $0,011 $0,015 This coin is at this moment in a stable time frame, and can build unexpectedly in the coming time a new break followed by a whale's increase in volume. Time will tell if this coin will act as we expect. There are some important reasons based on data that let us expect this coin is going to break, at last its a market, which has never 100% guarantee.
Long
by SatochiTrader
Today's gold price: short again after falling below 3300Today's gold price: short again after falling below 3300 This will be my last participation in the market this week and my last belief. Sell: 3295-3300 Stop loss: 3325 Target: 3250-3220-3200 The repeated fluctuations in the past two days are really heartbreaking. Even as a professional trader, I feel exhausted. This week is another dull week. Trump's changes in instructions caught people off guard. But trading is like this, always back and forth, and many times, we can't fully control it, but are controlled by it. In order to seize as many time periods as possible that can control the fluctuations in gold prices, I often maintain a rhythm, trade only a few signals a day, and only trade in specific time periods that I can understand. And strictly control stop loss and take profit, and use one month's data to calculate all my profits and losses. After talking about mentality, let's analyze the price of gold: Fundamental core: Policy repetition and risk aversion The US federal court ruled to suspend Trump's tariff policy, but the federal appeals court subsequently agreed to suspend the implementation of the ruling. Policy uncertainty leads to fluctuations in market risk aversion demand. The White House said it would explore other legal ways to levy taxes, which exacerbated expectations of policy chaos and strengthened the attributes of gold as a safe-haven hedge tool. Economic data and Fed policy Weak employment data: As of the week ending May 24, the number of first-time unemployment claims in the United States surged by 14,000 to 240,000 (expected to be 230,000), suggesting a weak labor market and the probability of a rate cut in September rose to 84.4%. Minutes of the Fed meeting: Keep interest rates unchanged, but acknowledge the risk of stagflation with "inflation and unemployment coexisting", and policy differences have intensified. Geopolitical risks and long-term support The situation in the Middle East (Israel may attack Iran's nuclear facilities) and the continued conflict between Russia and Ukraine have limited the decline in gold prices due to geopolitical premiums. Central banks around the world have strong demand for gold purchases: China's gold imports in April hit an 11-month high. In 2024, global central banks will purchase more than 1,000 tons of gold, which will support gold prices in the long term. 2. Key technical points Support level: Short-term: 3280-3290 (4-hour Bollinger band middle track + psychological barrier). Medium-term: 3250 (50-day moving average, if it falls below, it may fall to 3217). Resistance level: Short-term: 3335-3340 (previous high pressure area). Breakthrough target: 3350 (opening the channel to 3400). Key events: US core PCE data for April: If inflation is lower than expected (previous value 2.8%), expectations of interest rate cuts will increase, which is good for gold; if it exceeds expectations, gold prices may fall below 3250 points. Sudden change in geopolitical situation: Israel's attack on Iran's nuclear facilities may cause the gold price to surge 5% in a single day, breaking through 3,400 points.
OANDA:XAUUSD
by Louisa21210
Falling towards 61.8% Fibonacci support?The Cable (GBP/USD) is falling towards the pivot, which serves as pullback support and could bounce to the 1st resistance, which acts as pullback resistance. Pivot: 1.3315 1st Support: 1.3159 1st Resistance: 1.3586 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.
Long
by ICmarkets
Gold Trade Plan 29/05/2025Dear Traders, Gold has strongly broken through the 3290 zone and is currently fluctuating around the 3300 level. As long as the price remains below 3325, the bearish scenario toward 3200–3140 remains valid. However, if the 3325 zone is broken, we will enter a bullish wave aiming for the previous high. 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:XAUUSDShort
by alirezak
Could the price bounce from here?USD/JPY is falling towards the pivot and could bounce to the 1st resistance, which acts as a pullback resistance. Pivot: 143.25 1st Support: 141.80 1st Resistance: 145.97 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.
Long
by ICmarkets
EURAUD FORMING INVERTED HEAD AND SHOULDER PATTERNEURAUD FORMING INVERTED HEAD AND SHOULDER PATTERN AFTER A DOWNTREND. EURAUD was forming bearish trend structure in last few sessions. A breakout can be shown to the bearish trend structure. An Inverted Head and Shoulder given a breakout on higher side. Market is showing buyers strength by forming bullish candles. Market is expected to rise in upcoming sessions. Price may rise to the levels of 1.7860 and further in upcoming sessions. On lower side price may test the resistance level of 1.7460.
Long
by TraderAishDXB
Alibaba - This was just the obvious bottom!Alibaba - NYSE:BABA - will head much higher: (click chart above to see the in depth analysis👆🏻) Ever since Alibaba actually retested the previous all time low in 2022, we have been able to see the textbook creation of a rounding bottom formation. Even the recent break and retest was perfectly playing out and if Alibaba confirmes the potental breakout, a rally of +50% will most likely follow. Levels to watch: $140, $220 Keep your long term vision! Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
14
EURGBP Megaphone bottom. Strong buy opportunity.The EURGBP pair is trading within a Bullish Megaphone since the start of the year. For the past 2 weeks it has been ranging within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). This is technically the bottom formation of the pattern on its new Higher Low, as the 1D RSI has been printing the same sequence as February's which priced the previous Higher Low. We are expecting at least a Resistance 1 test at 0.87400. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1