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Harmonic Patterns

S&P 500 Long Term Bullish ContinuationWith the current uncertainty regarding the global economy and fears of recession, VANTAGE:SP500 has already dropped approx. 20% in the last few weeks. However, currently price has retraced to the long term support trend line which perfectly aligns with the 2020 top, turning it into an attractive S&R level where price could find support. Even if price does not find support here, current market price is still a very good accumulation area for long term buyers and investors!
VANTAGE:SP500Long
by Tempo_Trades
USDJPY H4 | Falling from the 61.8% FiboBased on the H4 chart, the price is rising toward our sell entry level at 148.24, a pullback resistance that aligns with the 61.8% Fibo retracement. Our take profit is set at 145.40, a support level. The stop loss is set at 150.18, an overlap resistance. 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
XAUUSD H4 | Bearish FallBased on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 3049.32, a pullback resistance. Our take profit will be at 2956.84, a pullback support that aligns close to the 61.8% Fibonacci retracement. The stop loss will be placed at 3114.63, an overlap 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
GBPUSD H1 | Bullish Bounce Off the127.2% Based on the H1 chart analysis, the price is falling toward our buy entry level at 1.2796, a pullback support that aligns with the 127.2 Fibonacci extension Our take profit is set at 1.2883, a pullback resistance. The stop loss is placed at 1.2675, an overlap 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
EURUSD H4 | Bullish Bounce OffBased on the H4 chart analysis, the price is falling toward our buy entry level at 1.0842, a pullback support that aligns close to the 78.6% Fibonacci retracement. Our take profit is set at 1.0947, a pullback resistance. The stop loss is placed at 1.0731, 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
RSI + BB strategy - the strong duo you will ever need to win Hello traders! This article shares with you a strategy employing two famous indicators that have stood the test of time and used by professionals and amateurs alike. A solid trading plan needs at least one solid strategy which will be your bread and butter. You can always add more strategies or game plans to your repertoire but you need to master one. Trading can be as complicated or simple as you make it. To make sense of it all, you should always try to be realistic and stick to a trading plan which is "simple and stupid" so that you free your mind from overthinking and focus on the market movements instead. A good strategy, along with constant market trend analysis, good risk management, news awareness and emotion control can ultimately transition you to being a consistent profitable trader. Indeed, there are times where the odds will not be in your favour and you will have losing trades. However, the key to success is to think of trading as a game of probability and developing a winning edge that ensures you are profiting more than losing. A 1:2 RRR is the least you have to accept when entering a trade, else sit tight and wait for the next opportunity. As Jesse Livermore quoted, "It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!". RSI Developed by J. Welles Wilder Jr. In 1978, the relative strength index is a momentum indicator that measures the speed and magnitude of price changes. At 70+, RSI is considered overbought and a retracement in price may occur. At 30-, RSI is considered oversold and price may go up. The middle line is the mean of recent prices, usually during a 14 days period. BB Developed by John Bollinger much later in the 1980s, BB is a volatility indicator which measures the speed and extent of price changes. A wider band signals high volatility and a narrow band signals low volatility. When price reaches the upper band, the asset is considered overbought and price may retract. When price reaches the lower band, the asset is considered oversold, meaning there are less and less sellers in the market and price may go up. The middle line is usually a simple moving average, showing the mean price across a time period. RSI + BB strategy The combination relies, and truthfully so, on the fact that the price of an asset usually hovers around its mean. Unless there are significant macroeconomic changes and news are strong (ultimately forming a new trend), price does not deviate much from its mean. It continues and builds its existing trend and moves up and down the moving average. By meauring both the momentum and volatility of the price, while keeping an eye on the direction of the trend, a trader can place small trades with a minimum 1:2 RRR as the asset moves in a range, an uptrend or a downtrend. The indicators give you insight on where to buy and place your SL and TP. Trading set ups - RSI 70+, BB touching upper band, no news, BB horizontal (showing a ranging market), price at major resistance zone - sell because price is likely to move through the moving average towards to lower band - RSI 30-, BB touching lower band, no news, BB horizontal (showing a ranging market), price at major support zone- buy because price is likely to move through the moving average towards to upper band - RSI 70+, BB touching upper band (price climbing up the BB ladder), BB moving upwards (uptrend), strong good news - buy because price is in uptrend and trend is likely to continue - RSI 30-, BB touching lower band (price falling off the BB cliff), strong bad news - sell because price is in downtrend and trend is likely to continue Sitting tight -Playing on a 1hr timeframe, there won't be many instances when all these stars align. That is when you sit tight and wait. - When price is hovering in between the RSI grid and BB band - sit tight and wait because the odds are not in your favour and it is impossible to predict which way price will move. Let the market do its thing, protect your capital and wait for the market to show you what to do next. Note - When the conditions are met, always enter the trade as soon as you get confirmation. If you are late in entry, skip the trade and wait - Place your SL just above the upper BB if selling or just below the lower BB if buying - TP is essential so you can lock in profits, especially in ranging markets where price quickly touches the BB band and bounces back. If you are in a trade and not able to monitor it, a TP ensures you have closed your trade at your desired and predicted price. TP is placed close to the lower band if selling or close to the upper band if buying -Ensure that all your other criteria such as news, RRR and emotion control are met to enter a trade. If one is not met, this trade is not for you. - Familiarise yourself using alerts. You have to be able to be present when the opportunity presents itself. Tradingview's lowest paid plan gives you 20 alerts, which is more than sufficient if you are focusing on 4-5 assets only. Alerts add to your winning edge and enable you to be trading the best set ups when they form. Please do not hesitate to share your thoughts if you do use RSI and/or BB and have had positive outcomes. :) GL to all!
Education
by one_deep
SUI-USDT Analysis: Watching Key Support at $1.75Hello Traders, The price of SUI-USDT has been locked in a consistent downtrend, marked by a series of lower highs and lower lows. However, the asset is now testing a critical support level that could determine whether we see a relief bounce or a continuation of the decline. Key Highlights: • Price is approaching $1.75, a major support zone with confluence from the Value Area Low (VAL), HTF support, and a possible Swing Failure Pattern (SFP). • If this level holds, there’s potential for a relief rally up to $2.78 over the coming days. • A break below $1.75 opens the door to a deeper pullback toward $0.57, the next significant support. SUI is currently sitting at support, and while it’s possible to see short-term candle closes above this region, confirmation is still needed before any strong bullish bias can be adopted. This is a level where patience and discipline will pay off — entering prematurely could result in getting trapped in a deeper leg down. Overall, the market structure remains bearish. Unless the pattern of lower highs and lower lows is broken, momentum will continue to favor the downside. Holding $1.75 is crucial for any chance at a rotation higher.
by AzizKhanZamani
Gold Rally Pauses, But Bullish Trend HoldsOngoing Risks Support Gold’s Long-Term Bullish Outlook Despite recent market volatility, the drivers behind gold’s rally remain intact. Mohamed El-Erian raised U.S. recession odds to 50%, while Goldman Sachs raised theirs to 35%. The Fed has warned of slower growth and higher inflation due to tariffs, and gold's role as a hedge against these risks is vital. Focus on Upcoming Data Next week, key data will be in focus: the FOMC minutes on Wednesday, CPI report on Thursday, and consumer sentiment data on Friday. If CPI surprises to the upside or the FOMC minutes reveal a more dovish stance, gold could see renewed buying interest. Traders should view pullbacks as buying opportunities, as inflation, trade tensions, and recession risks continue to support gold. Technical Outlook If gold tests support at $3,000.28 and holds, it may attract new buyers. A break below could bring the $2,852.34 level into play. Shorting is risky, but if pursued, exit over $3,167.84 with objectives at $3,000.28, $2,852.34, and the 52-week moving average at $2,601.40.
FX:XAUUSD
by Abbas_GoatEon
$BTC Breakdown – Updated View Bitcoin is currently trading near $78,828, struggling to maintain bullish momentum after a sharp retrace from the $85K region. 🔸 Key Support Zone at $77.5K: BTC is sitting on a short-term critical support at $77.5K. Holding this level could provide a short relief bounce. However, a confirmed breakdown below $77.5K will likely accelerate the downside pressure. 🔸 Next Support Levels: If $77.5K breaks: $74K – $72K becomes the next key zone Below that, $66K – $60K might act as mid-level supports In a worst-case bearish scenario, $55K – $50K could be targeted 🔸 Risk Level at $72K: Losing $72K with volume would invalidate bullish structure and increase the risk of a deeper correction. 🔸 Bullish Recovery Needs: BTC must reclaim and sustain above $80K, then $85K Clean break above $85K could restart the bullish rally toward $90K+ 🔸 Action Plan: Watch $77.5K closely for reaction Breakdown = prepare for $72K test Bounce = potential retest of $80K- FWB:83K
BITSTAMP:BTCUSDShort
by CryptoSkullSignal
3
Resistance Levels in altcoins Concurrent with the indices being at major inflection points crypto has broadly also filled major inflection points. Let's look at the different setups. First we have SOL in the main chart. Inset is the BTC high before the 2022 bear market. Different in a few ways but both the same general idea of a nominal spike above the previous high that fits inside of a harmonic pattern. Most of the things we're going to be looking at have extreme bullish momentum at time of writing but the patterns we're going to be looking at all forecast extreme momentum into their fills. For example, in SOL we are using a harmonic. If this was the end of a harmonic, we'd have just seen the D leg. It is a hard set rule of all harmonics that the most aggressive part of the move is the D leg. Always. The defining characteristic of a D leg is exceptional momentum that builds to the point of looking unstoppable. So anything based on momentum, breaks of anything that's not the actionable fib levels, candle patterns etc - these are all annulled. The D leg is defined by being exceptional by all momentum metrics. I'm sure the other recurring point made against my ideas here will be the halving cycle break out and it's not being enough days yet etc etc. I still have my doubts about the efficacy of the halving thing. I need longer to determine 4 year cycles. Breakout did come right when predicted through. Well done to those who benefited from that. My stance on the halving theory hasn't changed because when people brought it up before I always just told them I don't care. I'm trading TA patterns. They'll get me out early if I am wrong. I'm going to make 1,000s of trades in my life - lots of them will be wrong. It's fine. Everything you can explain with the halving I can explain with fib breaks. And it's still conspicuous to me that BTC and indices continue to move in tandem. Meaning we'd have to class the halving as coincidence or a driver of indices moves. But none of that matters to me. The TA implications if the reversal patterns fail here are quite similar to the bulls halving forecasts. If we break we may end up agreeing on the same thing for different reasons. Or if this is just stop gaming / FOMO inducing, we should be at or very near the end of it now. I like the fibs. Here's some other patterns;
COINBASE:SOLUSDShort
by holeyprofit
4
Bearish drop?The Swissie (USD/CHF) has reacted off the pivot which is a pullback resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 0.8629 1st Support: 0.8405 1ast Resistance: 0.8769 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