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Harmonic Patterns

Euro H4 | Pullback resistance at 50% Fibonacci retracementThe Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.1426 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement. Stop loss is at 1.1583 which is a level that sits above a swing-high resistance. Take profit is at 1.1274 which is a multi-swing-low support that aligns close to the 38.2% Fibonacci retracement. 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.
Short
by Tradu
Yen Slips Toward 144 on Stronger DollarThe Japanese yen edged lower toward 144 per dollar on Tuesday, as the U.S. dollar strengthened amid optimism over potential U.S.-China trade talks and investor caution ahead of the Federal Reserve’s policy decision. President Trump suggested a possible reduction in tariffs on Chinese goods. Meanwhile, the Bank of Japan held rates steady but revised its growth and inflation outlook. Trading activity remained subdued due to a public holiday in Japan. Resistance is located at 145.90, followed by 146.75 and 149.80. On the downside, support levels are at 139.70, then 137.00 and 135.00.
by ChartMage
XAUMO DAILY TACTICAL ANALYSIS – XAUUSD – May 6, 2025 DAILY TACTICAL ANALYSIS – XAUUSD – May 6, 2025 (Cairo Time GMT+3) XAUM0 Verdict: 🔵 Bulls: Have the edge. Structure and indicators say "Go." But they must show volume strength at NY Open or get trapped. 🔴 Bears: Will get one shot at Red Zone (3,387+). If price gets rejected there with RVOL spike and reversal candle → ride the short wave back to 3,355. ⏳Time Bomb: NY Open — that’s where the lie is exposed. Wait for confirmation. Be ruthless. 🕒 HOURLY SESSION BEHAVIOR MAP London Open (10:00 Cairo) Expect reactive volatility; test into Yellow Zone. Watch VWAP test and cloud flat-top reaction. Pre-New York (14:00–15:30) Trap behavior. Sweep below Conversion Line (3,356) then spring. Ichimoku shows bullish TK Cross. Volume divergence may fakeout sellers. New York Open (15:30) Decision zone. Break of Green or rejection from Red. Volume MA is key: if above 22K, STRIKE; if flat, DEFEND. New York Close (22:00) Likely to range after directional move is completed. Scalp or flatten swing. ========================== ✅ 1. Price Action Patterns Tight coil after impulse up — consolidation above Ichimoku Kumo cloud on 1H and 4H. Breakout candle (bullish engulfing) on daily from May 3–May 6 → indicates bullish control. Repeated equal highs at 3,367–3,368 = liquidity magnet. Watch for fake break then dump or clean breakout continuation. 🔄 2. Range-Bound Dynamics Compression range: Support: 3,355–3,356 Resistance: 3,368–3,370 Inside this box → it's a battlefield. Above 3,368 = breakout. Below 3,355 = fade dump incoming. ⚠️ NY session will be the trigger — London is setup. 🔥 3. Trend Analysis Short-term trend: Bullish Mid-term trend: Neutral → forming base Long-term trend: Bullish recovery phase from April low (massive V-shape reversal off demand zone) EMA Stacks (4H/1D): All EMAs pointing up, price stacked → bullish structure 📊 4. Volume Analysis Accumulation Phase Confirmed: Massive buying under cloud, now springing up No sell climax yet = buyers in control Volume spike + candle body = legit move. 🌊 5. Wave Analysis This is Wave 3 of 5 in impulse cycle post-April bottom. Wave 1 = impulse rally Wave 2 = pullback (inside Kumo) Wave 3 now emerging with target near 3,388–3,400 If fails → early termination → dump back to 3,320 zone. 🧩 6. Harmonic Pattern Read Potential Bearish Bat forming on Daily XA = 3200 to 3360 AB = 3360 to 3270 BC = 3270 to 3368 (current) If it hits 3,387–3,390 = perfect D point → time to SHORT HARD 🎯 FINAL STRATEGIC OUTLOOK: BATTLE MAP Zone Action Justification 3,368+ Buy Stop Breakout Above structure + volume confirmation 3,355 Liquidity Sweep Buy Trap & spring with LTF divergence 3,387+ Sell Limit Supply wall, Harmonic D-point 3,344 Crash Zone Below cloud, momentum dies, dump begins 🟢 BULLISH SCENARIO Expect: Pullback to Conversion Line ~3,356 → Spring Ichimoku Cloud showing bullish Kumo twist and bullish price outside cloud Volume spike confirms breakout above 3,368 Tactical Entry (Breakout Play) Type of Entry: Buy Stop Entry Price: 3,368.10 Stop Loss (SL): 3,354.00 Take Profit 1 (TP1): 3,378.00 Take Profit 2 (TP2): 3,387.00 Take Profit 3 (TP3): 3,400.00 Confidence Level: 85% Justification: Bullish structure + breakout above XAUMO Green Zone + volume + Ichimoku TK Cross + price above Kumo. 🔻 BEARISH SCENARIO Expect: Price rejects above 3,387 Massive wick and return to base at 3,355 Volume divergence + RVOL spike signals trap Tactical Entry (Rejection Play) Type of Entry: Sell Limit Entry Price: 3,387.00 Stop Loss (SL): 3,395.00 Take Profit 1 (TP1): 3,368.00 Take Profit 2 (TP2): 3,356.00 Take Profit 3 (TP3): 3,340.00 Confidence Level: 75% Justification: Supply rejection zone + multiple timeframe exhaustion + RVOL peak divergence + confirmed bearish momentum. ⏱️ EXECUTION TIMING GUIDE ✅ STRIKE: At NY Open if volume spikes & price breaks 3,368 cleanly. If breakout retests Green Zone + holds — reload. 🛡️ DEFEND: If price whipsaws above 3,368 without volume confirmation. Wait for confirmation. If Red Zone hit with low RVOL — fade it. ⚔️ SCALP: 3,356 – 3,359 zone if high wick traps and quick reversal printed. 🧱 SWING: Only if NY closes above 3,368 or rejects 3,387 hard — otherwise intraday only.
FX:XAUUSD
by ICHIMOKUontheNILE
KASPER - THE GHOAST OF KASPA (TA + TRADE PLAN) BY BLAŽ FABJANTechnical Analysis for KASPER (KASPER/USDT) by Blaž Fabjan Trend Analysis: The chart indicates a rising wedge pattern on the horizon, a bearish reversal signal, which suggests a potential downward price movement after the completion of the pattern. The price is currently in a consolidation phase, with a series of lower highs and higher lows within the wedge structure. Support and Resistance Levels: Resistance: The price has approached a resistance zone around the Wick High level, which indicates selling pressure in this area. A breakout above this resistance level could lead to a continuation of the upward trend. Support: The Strong Low zone is acting as the lower support for the current price action, with buyers attempting to defend this level. Indicators: RSI (Relative Strength Index): Currently at 82.43, which is in the overbought territory, indicating that the asset may be overextended and susceptible to a pullback or correction. MFI (Money Flow Index): The current MFI reading suggests an inflow of capital into the asset, indicating that the buying pressure is strong. However, if the price hits the overbought region, it could signal a reversal. Stochastic: The stochastic oscillator is at 96.19, indicating that the price is in an overbought condition and might be due for a pullback or consolidation in the short term. VMC Cipher B Divergences: The indicator is showing bullish divergence at the recent lows, suggesting that buying pressure could continue, but it needs to be validated by a breakout above resistance. Volume: The volume is gradually increasing, which is a positive sign for the continuation of the trend. However, volume spikes during a breakout are crucial to confirm the trend's strength. Trading Plan for KASPER (KASPER/USDT) Key Entry Levels: Breakout Entry: If the price breaks above the resistance zone near 0.00001000, consider entering a long position. Set the take profit target at around 0.00001500 (strong bullish continuation level) for a potential 50% price increase. Reversal Entry: If the price fails to break the resistance and starts falling towards the Strong Low support level near 0.00000500, consider entering a short position. A move below the Strong Low could signal a reversal of the current uptrend. Stop-Loss and Risk Management: Long Position Stop-Loss: Set a stop-loss just below the Strong Low (around 0.00000450) to protect from a sudden price drop. The stop should be tight as this asset is volatile. Short Position Stop-Loss: If entering a short position, place the stop-loss above the resistance level at 0.00001050 to minimize losses in case of a breakout. Target Levels: Short-Term Target (Bullish): If the breakout occurs, consider targeting a price of 0.00001500 based on the rising wedge pattern's projected price target. Short-Term Target (Bearish): If the asset fails to hold above the support zone and breaks lower, target the 0.00000350 level as the next potential support area. Trading Psychology: Patience: This is a volatile asset, and it's important to wait for clear confirmation of a breakout or breakdown before entering the trade. Risk-Reward Ratio: Aim for a 1:3 risk-reward ratio, which ensures you are risking less compared to the potential reward on each trade. Monitor Indicators: Regularly monitor the RSI, Stochastic, and MFI for overbought or oversold signals. Additionally, follow volume patterns closely to gauge market momentum. Exit Strategy: Exit the position once price targets are reached or if indicators show signs of an exhaustion or trend reversal (e.g., RSI turning downward from overbought levels, stochastic crossing down). Given the current chart formation and technical indicators, KASPER could be poised for a breakout to the upside, but there is a high risk of a correction given the overbought conditions. Caution is recommended: monitor price action closely and adjust your strategy accordingly to avoid entering too early in a rising wedge or an overbought market.
Long
by elfabiiani
Is the rise in gold a rebound or a restart of the upward trend?News Interpretation: US President Trump announced on Sunday that he plans to impose a 100% tariff on films produced overseas, marking the first time that his restrictive trade policy on US imports has been extended to the entertainment industry. This has once again ignited investors' concerns about the potential consequences of a global trade war. On Monday, local time, Trump signed an order on biomedical research, hoping to take the opportunity to promote the US pharmaceutical manufacturing industry. Trump also announced that tariff measures on pharmaceutical products will be announced in the next two weeks. Gold is often seen as a safe haven tool in uncertainty and performs well in a low interest rate environment. Gold prices have soared 26.3% so far this year and have set new historical highs many times. Gold trend analysis: Gold rose strongly yesterday, and the Asian session pulled up slightly and then fluctuated slowly upward. The European session gold price broke through the support and suppression conversion position we analyzed, and broke through the two key defense positions of 3300 and 3330 in succession. Today, the gold price opened with a single positive rise to around 3385 and was blocked. It is currently falling back at a high level. As of the time of posting, the price is around 3366. Our original idea was to focus on the support near 3162, the 618 position, of the last upward correction of gold prices before 3500. However, the rally on Monday broke through our defense level and our bearish view failed. Now that gold prices have returned to an upward trend, the structure needs to be re-analyzed. In general, the gold price has risen in the past two days, and our spot market has maintained a steady rhythm. 3386 is a short-term suppression level. If it breaks below 3350 in the Asian session, the steady idea is to wait for a rebound and then short to see the downward trend. Focus on the support of 3272 below.
OANDA:XAUUSDShort
by MariaLee66
BTC USD ENTRY point 94400 Target 93600 Stop LOSS 95400You're planning a short position on BTC/USD: Entry: 94,400 Target (Take Profit): 93,600 Stop Loss: 95,400 Trade Metrics: Risk: 95,400 - 94,400 = 1,000 points Reward: 94,400 - 93,600 = 800 points Risk-Reward Ratio: 1.25:1 (risk is greater than the reward) Quick Thoughts: The risk-reward ratio is slightly unfavorable — ideally, you want at least 1:1 or better. This setup could still work if you're confident about a reversal near resistance or if there's strong bearish momentum. Watch for confirmation (e.g., bearish divergence, EMA crossover, rejection at resistance, etc.). Do you want a technical chart review to assess if this short entry is well-supported?
BITSTAMP:BTCUSDLong
by FOREX_TRADING_COMPANY
XAUUSD M15 | Be arish Drop Based on the H4 chart, the price is approaching our sell entry level at 3374.12, a pullback resistance that aligns with the 61.8% Fibo retracement. Our take profit is set at 3347.96, aligning with the 61.8% Fibo retracement. The stop loss is set at 3392.59, above a swing high 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 (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.
TRADU:XAUUSDShort
by Tradu
USDCHF H4 I Bearish Fall from the 50% FIboBased on the H4 chart, the price is approaching our sell entry level at 0.8265, a pullback resistance that aligns with the 50% Fibo retracement. Our take profit is set at 0.8195, an overlap support. The stop loss is set at 0.8332, a swing high 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 (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.
Short
by Tradu
SPX500 D1 I Bullish Bounce Based on the D1 chart analysis, the price is falling our buy entry level at 5492.54, a pullback support. Our take profit is set at 5797.53, an overlap resistance. The stop loss is placed at 5386, a pullback 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.
TRADU:SPX500Long
by Tradu
Will gold plummet again?From the 4-hour analysis, the current upper pressure of gold is around 3342-3350, and the lower support is around 3305-3298. From the overall trend of gold, it is better to watch more and do less and be cautious in chasing orders at the middle high and low positions. Whether it is short-term or medium- and long-term line chart analysis this week, it is recommended to maintain gold longs, because all factors are biased towards bulls. The bottom-fishing plan will touch the 3300 support and maintain longs.
FXOPEN:XAUUSDLong
by WinifredWalsh