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Harmonic Patterns

Falling towards pullback support?US Dollar index (DXY) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 98.89 1st Support: 97.98 1st Resistance: 100.09 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.
TVC:DXYLong
by ICmarkets
Nvidia - The bullish consolidation flag!Nvidia - NASDAQ:NVDA - is still quite bullish: (click chart above to see the in depth analysis👆🏻) After Nvidia retested a major horizontal support just last month, we witnessed an extremely strong bullish reversal candle which resulted in a strong +50% rally. Considering the bullish flag consolidation, a breakout is much more likely, but not in the immediate future. Levels to watch: $150 Keep your long term vision! Philip (BasicTrading)
NASDAQ:NVDALong
by basictradingtv
24
XAU/USD (Gold) – 15M Price Action Insight📊 XAU/USD (Gold) – 15M Price Action Insight 🕒 Date: May 30, 2025 💰 Current Price: 3,292.03 🔴 Supply Zones (Resistance): 🔺 3318–3322 – Key bearish breaker block. Price reacted strongly and dropped. Watch for any revisit or liquidity sweep into this zone. 🔺 Intermediate Zone (near 3300s) – Minor reaction seen; low-volume rejection zone. 🟢 Demand Zones (Support): 🟩 3276–3279.9 – Strong bullish OB zone. Price bounced cleanly from here, showing intent to protect this area. 🟩 Mid-level support zone – Currently reacting. Potential short-term base building area. Watch for bullish confirmation (e.g., CHoCH, BOS). 📉 Scenario 1 – Bullish Rejection: If 3276–3279.9 holds firm and BOS is confirmed, price can aim to revisit 3300 and possibly 3318–3322 again. 🎯 Targets: 3300 ➡️ 3318 📈 Scenario 2 – Bearish Break: If 3276 breaks, expect deeper correction or stop hunt before reversal. Look for next imbalance below or higher timeframe zone. ⚠️ Pro Tips (Smart Money Concepts): 🔹 Wait for structure shift (BOS or CHoCH) before entering. 🔹 Watch for liquidity grabs around key zones – fakeouts are common. 🔹 Volume shows sellers dominant for the day (-63.5%), so wait for strong buy-side confirmation. #XAUUSD #GoldScalping #SmartMoneyConcepts #SupplyAndDemand #FXFOREVER #GoldAnalysis #PriceAction #LiquidityGrab #CHoCH #BreakOfStructure #ForexTrader #TradingSetup #Scalping #VolumeAnalysis #FXSignals
OANDA:XAUUSD
by FXFOREVER_87
Bearish drop off overlap resistance?The Loonie (USD/CAD) is rising towards the pivot, which has been identified as an overlap resistance and could drop to the 50% Fibonacci support. Pivot: 1.3861 1st Support: 1.3767 1st Resistance: 1.3912 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.
Short
by ICmarkets
EURNZDHello Traders! 👋 What are your thoughts on EURNZD? The EURNZD pair is currently trading below a key resistance zone, showing signs of hesitation near this level. We expect the price to consolidate briefly within this area, and then decline toward the specified support level if the resistance holds. As long as the pair remains below resistance, the bearish bias remains intact, and a move lower is likely. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
1
5/30 Gold Analysis and Trading SignalsGood morning everyone! Yesterday, we successfully executed short at 3290 and long at 3250, and also entered the 3316–3328 short zone near the close. All signals were hit, and profits were solid ✅. 📉 Technical Outlook: The 1-hour chart remains in a clear bearish trend, indicating that this pullback is not yet complete. Initial support at 3296 is very likely to break Focus shifts to 3278 support, though it appears technically weak If price hits 3278, a minor bounce is expected, but it's likely just a retracement, not a reversal 🗞 Fundamental Watch: The U.S. Consumer Confidence Index will be released during the U.S. session today. Market reaction is expected to be similar to yesterday’s initial jobless claims — possibly triggering short-term moves, but not changing the broader trend. 📈 Trade Plan for Today: 📉 Sell in the 3316–3328 zone (key resistance) 📈 Buy in the 3238–3221 zone (key support area) 🔁 Scalp/flexible trading zones: 3303 / 3288 / 3276 / 3265 / 3252 / 3238 Stick to proper risk management, and stay alert during U.S. data releases. Trade with the trend and close the week strong! Additionally, on the 30-minute chart, gold appears to be forming a potential inverse head and shoulders pattern. If this pattern completes and breaks the neckline successfully, the price may surge toward the 3336–3352 area, or even up to 3360. For those considering short positions, it’s crucial to control position size and avoid entering too early. Try to wait for price action to reach higher resistance levels before making a move. Don’t worry about missing a perfect entry — even if one trade is missed, it won’t affect your overall profitability for the week. The market always offers opportunities. Stay calm, stick to your strategy, and remember: consistency and patience lead to long-term success.
FOREXCOM:XAUUSDShort
by China_MsWang
INFY 1H Chart Analysis (Bullish Bat + Falling Wedge)NSE:INFY INFY 1H Chart Analysis (Bullish Bat + Falling Wedge) In this 1-hour chart of Infosys Ltd (NSE: INFY), a Bullish Bat Harmonic Pattern has completed at point D, suggesting a potential reversal zone. Additionally, a falling wedge formation adds to the bullish confluence. 1. Pattern Structure: The chart displays a complete Bullish Bat Pattern (X-A-B-C-D). Point D aligns with the PRZ (Potential Reversal Zone), with a CD leg extending \~1.618 of BC, supporting a bullish reversal. 2. Falling Wedge Pattern; A falling wedge, generally a bullish pattern, has formed from point C to D. A breakout above the wedge trendline may confirm a bullish move. 3. Price Action: The price is testing the upper boundary of the wedge. Buying interest is visible at the P,R,Z near ₹1,540–₹1,545. Trade Plan: Buy Entry: Above ₹1,555 (confirmation breakout above wedge) Stop Loss: Below ₹1,538 (beneath point D and wedge support) Target 1: ₹1,568 (previous resistance) Target 2: ₹1,611 (mid-term resistance) Target 3: ₹1,631 (major swing high) A strong bullish confluence exists with the harmonic pattern and falling wedge. Wait for confirmation above ₹1,555 before entering. Maintain proper risk-reward with a stop below ₹1,538. NSE:INFY NSE:NIFTY NSE:CNXIT
NSE:INFYLong
by thetradeforecast
USDJPY – Supportive news, price may break resistance soonUSDJPY is supported by positive U.S. economic data, as the PCE index remains elevated—reinforcing expectations that the Fed will keep interest rates higher for longer. This has boosted bond yields and the USD, driving USDJPY upward. On the H3 technical chart, USDJPY has rebounded from the support zone around 143.680. Both the EMA 34 and EMA 89 lie below the price, reinforcing the recovery momentum. The pair is now expected to approach the 146.000 resistance area—where it intersects with the long-term descending trendline that has rejected price at least twice before. If buying pressure holds and 146.000 is decisively broken, a short-term bullish trend will likely be confirmed. However, another rejection could lead to a retest of the previous support zone. Overall, the current trend slightly favors the buyers.
Long
by Rocky_trade_
GOOGLE Repeating 2024 pattern and eyes $197.00Alphabet Inc. (GOOG) has established a Channel Up pattern since the (near) 1W MA200 (orange trend-line) rebound. With the 1D MA50 (blue trend-line) now acting as a Support, this pattern resembles the Channel Up formations that emerged in 2024. Both in terms of 1W RSI and pure price action alike, we are in a similar consolidation level as November and April 2024. Both patterns peaked after similar rallies (+40.60% and +46.23% respectively), so the minimum Target we are expecting on the medium-term is $197.00. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:GOOGLLong
by TradingShot
1
Identifying and understanding FVGsGold has absorbed liquidity over the past two days, and there was high volume on the previous day. I expect a 'seek and destroy' move today. If that doesn't happen, the market is still in a 4-hour bullish Fair Value Gap (FVG). The market should move upward from here, potentially reaching the Daily High (DH). If this doesn't occur, then 'seek and destroy' is expected. Do your own research; this is not financial advice. Detailed Explanation: Liquidity Absorption: Over the past two days, gold has been consolidating, absorbing liquidity. This means that the market has been gathering orders, setting the stage for a significant price move. High Volume on Previous Day: The previous day's high trading volume indicates strong market interest and participation, often preceding a substantial price movement. 'Seek and Destroy' Expectation: This term refers to a market behavior where price moves to eliminate stop-loss orders, often leading to a sharp price movement. Traders anticipate this to capture liquidity before a significant move. 4-Hour Bullish Fair Value Gap (FVG): A Fair Value Gap is an area on a price chart that represents an imbalance in the market caused by rapid price movements. A bullish FVG on the 4-hour chart suggests that the market has moved quickly upwards, leaving behind unfilled orders. Traders often expect the price to return to this gap, providing an opportunity to enter trades in the direction of the prevailing trend. Daily High (DH) Target: The Daily High represents the highest price level reached during the current trading day. Traders often monitor this level as a potential target for price movement. 'Seek and Destroy' Revisited: If the anticipated price movement does not occur, traders may look for a 'seek and destroy' scenario, where the market moves to eliminate stop-loss orders, potentially leading to a sharp price movement. Disclaimer: The statement advises conducting your own research and clarifies that the information provided is not financial advice. Trading Strategy! Liquidity Absorption: Recognizing periods of consolidation and liquidity absorption can help traders anticipate potential breakout points. Volume Analysis: Monitoring trading volume can provide insights into market interest and potential price movements. Fair Value Gap (FVG) Trading: Identifying and understanding FVGs can offer opportunities for entering trades in the direction of the prevailing trend. Risk Management: Always conduct your own research and consider seeking advice from financial professionals before making trading decisions. DYOR!
OANDA:XAUUSDLong
by Peter_Wade