NAS100 , Timeframe 4H: The chart appears to show a harmonic pattern, specifically the Bearish Gartley pattern, which is depicted with the points XABCD.
The points (X, A, B, C, D) form a specific structure that traders use to identify potential reversal zones.
The specified range just below point D represents a potential reversal zone where price might find...
XAUUASD Timeframe 4h : The chart suggests a possible approach towards the resistance zone where it might face selling pressure.
There are highlighted zones marking potential resistance (2,640) and support (2,560).
Based on these annotations, this chart seems to expect that after testing higher resistances prices may drop again toward lower supports.
The price is currently in an uptrend, as evidenced by the upward-sloping trendline drawn on the chart.
Prior to this uptrend, there was a notable period of downtrend followed by consolidation, and then a reversal into the current upward movement.
