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Harmonic Patterns

DOGE Bearish Setup in Progress |AB=CD Pattern+Bearish Divergence Hey Traders! #DOGE/USDT is currently showing signs of a bearish continuation on the 1H timeframe 📉. Here's why I'm watching this closely: 🔹 AB=CD Harmonic Pattern: The AB leg is already complete, and the price action is now progressing toward forming the CD leg — a classic harmonic setup suggesting further downside. 🔹 Bearish Divergence on RSI: While the price made a higher high, RSI failed to confirm — signaling weakening momentum and potential reversal ahead. 🔹 Key Support Level in Focus: I’m watching the previous minor support zone for confirmation. If price breaks and retests this level, it could be a great entry point for a short trade with solid risk-reward. 📌 Trade Plan: ✅ Wait for confirmation below support ✅ Look for bearish candlestick patterns or breakdown ✅ Enter short with proper risk management (SL just above local highs) 💬 What do you think about this setup? Are you already short on #DOGE or waiting for more confirmation? Drop your thoughts below 👇 and let’s discuss! If you find this analysis helpful, don’t forget to: 👍 Like 💬 Comment 🔁 Share 📥 Follow for more high-probability setups!
Short
by mudusir
BTC Plummets Post-NFP; Go Long for Rebound to 116500BTC has plummeted significantly under the influence of the non-farm payroll data 📉, and now is an excellent opportunity to go long. Its Support level is around 112800, and according to the current trend, we can wait for a rebound to around 116500. ⚡️⚡️⚡️ BTCUSD ⚡️⚡️⚡️ 🚀 Buy@ 113000 - 113800 🚀 TP 114500 - 115500 - 116500 Daily updates bring you precise trading signals 📊 When you hit a snag in trading, these signals stand as your trustworthy compass 🧭 Don’t hesitate to take a look—sincerely hoping they’ll be a huge help to you 🌟 👇
BITSTAMP:BTCUSDLong
by Conqueror-
1
AUD/USD Bearish Setup-Trendline Breakout Signals Potential Drop📉 AUD/USD Bearish Setup – Trendline Breakout Signals Potential Drop! The AUD/USD pair has broken below a key ascending trendline, signaling a shift in momentum from bullish to bearish. 🔍 Key Highlights: Price was previously trading within an ascending channel. Strong resistance was confirmed around the 0.6619 level. A decisive break of the trendline and the key support zone (0.6500) now points to increased bearish pressure. Market is currently retesting the broken support zone, which may act as new resistance before the next leg down. 🎯 Target Point: 0.6371 If bearish momentum continues, we anticipate price to move toward the target support zone near 0.6371, offering a solid risk-reward setup. 📌 Watch For: Bearish confirmation on retest + momentum indicators aligning to the downside.
Short
by Pips_Hunter_Forex
1
Liquidity Sweep to Drop – XAUUSD Sell Plan🟠 Context Summary Chart Type: XAUUSD 15M Pattern Observed: Liquidity sweep and sharp rejection from premium zone. Label: “Gold Start Melting” Distribution Zone Targeted 🔽 Sell Plan ✅ Bias: Bearish 📍 Entry Zone (Sell Entry Area): Entry after price tapped into premium zone (highlighted red box). Strong bearish engulfing candle confirms rejection. 🎯 Target Zones: Target 1: 3,368 (top of distribution zone) Target 2: 3,317 (bottom of distribution zone) Target 3 (Final): 3,293 (full FVG fill / value area) ⛔ Stop Loss: Above the swing high that caused the drop. Suggested: 3,400.50 – 3,403.00 ⚙️ Entry Confirmation: Confirm entry after: Price closes below small support or consolidation (green zone). Breakdown retest (if price pulls back). 🧱 Trade Logic Sweep of Liquidity: Price took out highs and immediately reversed. FVG Created: Implied institutional selling interest. Distribution Zone: Forecasting larger move down. 📌 Notes: Watch for lower timeframe consolidation before continuation. If price retraces to fill imbalance partially and stalls, consider re-entry.
ICMARKETS:XAUUSDShort
by Asif_Brain_Waves
Could the Kiwi bounce from here?The price is falling towards the pivot, which is a pullback support and could potentially rise to the 1st resistance which aligns with the 61.8% Fibonacci retracement. Pivot: 0.5926 1st Support: 0.5882 1st Resistance: 0.5979 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
SUI/USDT Bullish Setup – Strong Rejection from Demand Zone!SUI is showing early bullish momentum after rebounding from a solid demand zone between $3.24 – $3.40. Buyers are defending this zone strongly, and price is now forming a higher low on the 4H timeframe, signaling potential upside continuation. 🔍 Technical Breakdown: Demand Zone (Support): $3.24 – $3.40 (Highlighted in orange) Current Price: $3.48 (Trading slightly above demand zone, showing bullish structure) First Resistance (TP1): $3.7702 (prior support turned resistance) Final Target (TP2): $4.1498 – $4.22 (major supply zone with historical selling pressure) ✅ Bullish Confluences: Price formed double bottom at the demand zone Bullish candle structure building up Visible volume cluster supports bounce (LuxAlgo VRVP) Clear upside imbalance toward $4.22 📌 Trade Setup: If price continues to hold above $3.40 and breaks recent highs: Entry: $3.45 – $3.50 (current breakout range) SL: Below $3.24 (beneath the demand zone) TP1: $3.7702 TP2: $4.1498 TP3 (extended target): $4.2207 🧠 Notes: Watch for breakout above $3.55 for stronger momentum confirmation Scaling out partially at $3.77 is wise due to previous resistance Supply zone at $4.22 is a critical decision point 🟢 Bias: Bullish until $3.24 is broken
Long
by FrankFx14
Bullish bounce off?The Swissie (USD/CHF) is falling towards the pivot and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 0.7989 1st Support: 0.7922 1st Resistance: 0.8113 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
1
AUDJPY Forming Bullish MomentumAUDJPY has recently bounced from a strong demand zone near the 94.50–95.00 region, as seen on the 4H chart. This zone has acted as a key support area in previous price action, and the market is now printing higher lows after rejecting it multiple times. Price is showing bullish momentum, and with buyers stepping in aggressively from this area, we are now anticipating a continuation to the upside toward 96.80 and beyond. From a fundamental perspective, the Australian dollar is gaining traction due to recent upbeat economic sentiment, especially as the Reserve Bank of Australia (RBA) maintains its data-dependent stance. Although rate hikes are on pause, the RBA is leaving the door open for further tightening should inflation remain sticky. On the flip side, the Japanese yen remains weak across the board, with the Bank of Japan maintaining ultra-loose monetary policy and no near-term signals of change. This divergence in central bank policy continues to support bullish pressure on AUDJPY. Technically, the risk-reward profile is favorable. The bullish engulfing candles off the demand zone suggest strong buyer intent. A break and hold above the intraday resistance around 96.00 would confirm bullish continuation, with upside targets stretching toward 96.80–97.20. Meanwhile, stops can be managed tightly below 94.50, keeping the setup clean and structured. With the yen facing broad weakness and Aussie resilience in play, this pair offers momentum trading potential. Overall, AUDJPY is primed for upside as long as the support zone holds. Traders should monitor price action around current levels for bullish confirmation and scale in on minor pullbacks. This setup aligns with market sentiment and fundamental divergence, creating a high-probability opportunity in the current forex landscape.
Long
by AndrewsMarket-Mastery
Bitcoin Tests Major Support at $112,500Bitcoin is currently in a local downtrend, with price now testing a major support zone around $112,500. This level, backed by multiple technical confluences, may serve as the base for a potential reversal if defended on lower timeframes. Price action has been drifting lower over the past sessions, finding its way into a key support zone defined by the 0.618 Fibonacci retracement, the blue upward trendline, and prior structure. The $112,500 region now acts as the immediate level to hold from an intraday perspective. If bulls are able to defend this zone and volume confirms participation, the probability of a rotation higher toward $123,000 increases significantly. Key Technical Points: - Support at $112,500: Aligned with 0.618 Fibonacci, trendline support, and structural pivot - Intraday Confirmation Required: Holding this level on lower timeframes improves the probability of reversal = $123,000 Target in Sight: Technical target for rotation if a bottoming structure forms and holds From a short-term perspective, Bitcoin has clearly shifted into a local downtrend, creating a sequence of lower highs and lower lows. However, the current area around $112,500 presents a strong confluence of support that could interrupt this trend. This zone includes the 0.618 Fibonacci retracement from the most recent swing move, a respected upward trendline (blue), and a previous structural pivot. Together, these elements increase the probability of a bounce—provided price can stabilize. At this stage, price may still trade sideways and consolidate within this region to form a bottoming structure before any meaningful move higher. For traders, this means confirmation is key. Watching for multiple intraday candle closes above the support zone, paired with an increase in bullish volume, would suggest that demand is building. Only then would the setup favor an entry targeting the local highs. The upside technical target from this area remains at $123,000, representing the recent swing high and a clear resistance level. A reclaim and rotation to this level would validate the support zone and reintroduce the bullish bias in the short term. Until that occurs, however, price could continue to consolidate, especially if volume remains low or indecisive. The overall structure still leans constructive, as long as $112,500 holds. A breakdown below this level would weaken the short-term setup and potentially open the door to deeper downside probing. But for now, the region remains a high-probability bounce zone on lower timeframes. What to Expect in the Coming Price Action Bitcoin is testing critical intraday support at $112,500. If this level holds with volume confirmation and intraday structure aligns, a rotation toward $123,000 is likely. However, price may continue consolidating at this level before a clear direction forms.
Long
by The_Alchemist_Trader_
ETH/USDT Short Setup – Bearish Rejection from Supply Zone!Ethereum is showing signs of weakness after getting rejected from a key 1H supply zone between $3,680 – $3,720. Price failed to break above this level and has started pulling back, suggesting potential downside momentum. 🔍 Technical Breakdown: Supply Zone (Resistance): $3,680 – $3,720 (Highlighted in blue) Current Price: $3,666 (Rejection candle forming below resistance) Immediate Support (TP1): $3,552 (previous structure support) Key Demand Zone (TP2): $3,417 – $3,342 (strong buying interest previously seen here) ❌ Rejection Evidence: Price tapped into high-volume area and sold off Lower highs forming after rejection Bearish engulfing candles starting to show on 1H 📌 Trade Idea: If price stays below $3,680 and breaks below $3,640: Entry: $3,660 – $3,670 (current price zone) SL: Above $3,720 (above supply zone) TP1: $3,552 TP2: $3,417 TP3 (Max target): $3,342 🧠 Notes: Watch for clean break of $3,552 to confirm momentum Retest of broken support could offer a second entry ETH remains volatile – use good risk management 🔴 Bias: Bearish Until $3,720 Is Broken
Short
by FrankFx14
1
Bullish bounce off pullback support?The Aussie (AUD/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance. Pivot:0.6484 1st Support: 0.6452 1st Resistance: 0.6538 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