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Harmonic Patterns

GBP/JPY continues to consolidate; prime support is located at 20The sell-off from the 214.86 swing high has stalled. We are now seeing a period of consolidation. This could be seen as a Wyckoff zone. That would suggest that the next move is a spike to the downside to grab liquidity. Resistance is located at 211.71. We have a gap open at 212.51. Support is located at 208.36. This would also be the completion of a bullish Gartley pattern Single currency analysis suggests selling JPY. There is no immediate bias for GBP. Conclusion: the immediate bias is hard to ascertain. I would look for the gap open at 212.51 to attract sellers, and bespoke support at 208.36 to attract buyers (we are mid-range)
by IanColeman
EUR/USD scope for a medium-term top to be in place at 1.2083EUR/USD continued to move to the upside from the 1.1578 swing low. We have a 261.8% extension level up 1.2081. Yesterday's high trade was 1.2083. We have a supply zone located at 1.2051 To the downside, we have a gap open from Jan 25 1.1828. Further support is located at 1.1795 It should be noted that the last break higher can be seen as a fifth wave (Elliott Wave), Wyckoff liquidity grab (on the weekly chart) Conclusion: although there is scope for some volatility over the Fed interest rate decision and press conference this evening, there is now scope for a medium-term top to be in place. Prime resistance is located at 1.2051
Short
by IanColeman
Dow Jones (US30) holds within a large expanding wedge pattern; tWe continue to see a prolonged period of consolidation. This is the third week in succession that price action has stayed broadly within the week Jan 5 range (48,352-49,673). This limited movement has resulted in an Expanding Wedge pattern being posted on the intraday chart. Trendline resistance is located at 50,396. Trend line support is located at 48,397. On the upside, we also have the 50K Big Figure. These large, round numbers often attract price action. Conclusion: the immediate bias is hard to ascertain. The next intraday move will be driven by the Fed's interest rate decision and press conference. With the long-term bias skewed to the downside, the preferred stance would be to sell into gains.
OANDA:US30USD
by IanColeman
28 Jan BTCUSD outlook: Potential for further declineBitcoin has stalled near the 89,000 USD area as markets remain cautious ahead of the Fed’s first policy meeting of 2026. Uncertainty around Chair Powell’s guidance has triggered a broader risk-off mood, with investors trimming exposure to volatile assets while awaiting clarity on whether rate cuts are still on the table amid sticky inflation. A divergence in inflation-hedge positioning has reinforced the pause. Capital has rotated toward physical assets, with gold prices pushing to fresh highs and strong inflows into silver and natural gas, leaving bitcoin lagging as geopolitical risks favor tangible commodities over digital hedges. From a technical perspective, BTCUSD is testing the H4 supply zone at around 89334, which aligns with the descending trend line. A reversal below this level may prompt prices to resume their downtrend, with a move toward the support at 87236. Conversely, breaking above the descending trend line and H4 supply zone at around 89334 may prompt a retest of the next swing high at around 91143. By Li Xing Gan, Financial Markets Strategist Consultant to Exness
INDEX:BTCUSDShort
by ChartingGenie
TAO: Q1 2026 Technical & Macro OutlookTAO is currently compressing within a massive Symmetrical Triangle structure that has been developing since the 2025 lows. The asset is at a critical inflection point, trapped between long-term diagonal support and immediate horizontal resistance. The market is "coiling." Volatility has collapsed, which historically precedes a violent expansion move (breakout or breakdown). Price is trading below the critical 0.786 Fibonacci support ($247), signaling weakness. The bulls are surviving solely on the diagonal trendline. The "Coil" & The Levels A. The Structure (Symmetrical Triangle) The Floor (Bullish Defense): The rising diagonal trendline (connecting the ~$167 tariff low to the $200 and $216 higher lows) proves that buyers are stepping in at aggressively higher valuations. They are unwilling to let price return to the basement. The Ceiling (Bearish Pressure): The falling diagonal trendline (connecting the $777 peak to recent highs) shows sellers are eager to exit earlier and earlier. The Apex: These two lines converge in roughly 4–6 weeks. The market must choose a direction before then. B. The Fibonacci Failure (The Bearish Signal) The "Last Stand" Level ($247.04): This 0.786 Fib level is the most concerning feature on the chart. Current Status: Price is $236.78. TAO has technically lost the "Last Stand" support. The $247 level has flipped from a floor into a heavy steel ceiling. As long as we are below $247, the probabilities favor a retest of the absolute bottom ($167). C. The "No Trade" Zone we are currently compressed in a 5% range between the diagonal floor (approx. $225) and the Fib resistance ($247). This is "Choppiness." Smart money does not initiate new swing positions here; they wait for the break. 3. Macro & Geopolitical Forecast (2026 Headwinds/Tailwinds) The technicals tell us when a move is coming (soon), but the macro tells us why. Headwinds & The Risks Geopolitical Fragmentation ("AI Nationalism"): As trade wars intensify (revisiting the Tariff Lows narrative), nations are fragmenting the AI stack. If the US or EU imposes strict "compute export" bans or KYC requirements on decentralized AI networks to prevent "adversarial use," TAO (as an open network) could face regulatory sell-pressure. Risk-Off Rotation: If the broader market fears a tariff-induced recession (Scenario A from my Bitcoin analysis), high-beta assets like TAO are the first to be liquidated for cash. Tailwinds & The Catalysts The "Sovereign AI" Narrative: Conversely, if big tech (OpenAI/Google) becomes too censored or restricted by government firewalls, demand for permissionless intelligence (Bittensor) skyrockets. TAO is the hedge against AI censorship. The 2026 Halving Aftermath: The TAO halving (which occurred recently) created a supply shock. If demand remains steady while new issuance has been cut, the "Supply Squeeze" theory suggests that once the current selling exhausts, price discovery to the upside will be thin and fast. 4. Forecast: The Resolution Scenarios Scenario A: The "Springboard" (Bullish Breakout) Trigger: Price reclaims the 0.786 Fib ($247) and closes a daily candle above the Descending Trendline (approx. $280). Target 1: $309 (0.618 Fib - Golden Pocket). Target 2: $353 (0.5 Fib). Macro Driver: A cooling of tariff rhetoric or a major subnet launch on Bittensor that drives real-world revenue. Scenario B: The "Capitulation" (Bearish Breakdown) Trigger: A daily close below the Rising Support Line (approx. $220). Target: The "Void" opens up. The magnet becomes the 1.0 Fib ($167). Macro Driver: Bitcoin losing its $85k support or new regulatory crackdowns on AI crypto. My Move: Do not guess the breakout direction. The coil is too tight. Watch $247: This is my "pivot." If we can't get back above $247 this week, the diagonal support line will eventually snap.
by aj_texas
Gold Intraday All-Time High Breakout & Trading StrategyGold extended its strong bullish trend today, breaking through the key level of 5200 intraday and hitting a new all-time high. The price has been trading in a pattern of consolidating at highs following a strong breakout, while the risk of a technical pullback driven by short-term overbought conditions warrants close attention. Support Levels: Core Support: 5200 (polarity level, the intraday bull-bear pivot); Secondary Support: 5180-5190 (5-day MA and intraday average price zone, the key stabilization zone for pullbacks); Defensive Support: 5150 (intraday pullback low, a break below this level will amplify market volatility). Resistance Levels: Intraday Strong Resistance: 5265-5270 (near today's all-time high, with concentrated short-term selling pressure); Follow-up Target: 5300 (a key round number, serving as dual psychological and technical resistance, the ultimate target for swing long positions). Trading Strategy: Buy 5200 - 5210 SL 5190 TP 5250 - 5260 - 5270 The primary trading approach for today is to buy the dips. If gold retreats after facing resistance near 5265 and breaks below 5200, initiate short positions with light volume, place a stop loss above 5210 (to guard against false breakouts), with profit targets at 5190-5180. Take profits promptly upon hitting the targets and avoid holding short positions against the dominant trend.
FOREXCOM:XAUUSDLong
by Alistair_Analyst
US2000 H1 | Bullish Bounce OffThe price has bounced off our buy entry level at 2,641.87, which is a pullback support. Our stop loss is set at 2,600.84, which is a pullback support that aligns with the 78.6% Fibonacci retracement. Our take profit is set at 2,708.35, which is a pullback resistance. High Risk Investment Warning Stratos Markets Limited fxcm.com Stratos Europe Ltd fxcm.com CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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 fxcm.com 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. 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. 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. Stratos Trading Pty. Limited fxcm.com 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
FX:US2000Long
by FXCM
Could we see a reversal from here?CAD/JPY is reacting off the pivot, which acts as a pullback support that aligns with the 161.8% Fibonacci extension and could bounce to the 1st resistance which lines up with the 50% Fibonacci retracement. Pivot: 111.82 1st Support: 110.88 1st Resistance: 113.47 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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 IC Markets
Bearish reversal off key resistance?AUD/CHF is rising towards the pivot, which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse to the swing low support. Pivot: 0.53701 1st Support: 0.53129 1st Resistance: 0.53929 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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 IC Markets
Bearish drop off?NZD/JPY has rejected off the pivot and could drop to the 1st support, which acts as an overlap support. Pivot: 92.22 1st Support: 90/69 1st resistance: 93.17 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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 IC Markets
LINEA/USDT at Decision Zone — Breakout or Further Decline?LINEA/USDT remains in a medium- to long-term bearish structure. Since the peak around the 0.043+ area, price has consistently formed lower highs and lower lows, confirming strong seller dominance. Currently, price is trading near the lower boundary of the structure, close to historical lows, while also interacting with the major descending trendline. --- Pattern Explanation Primary Pattern: Descending Trendline / Bearish Trend A well-defined descending trendline connecting the major highs. Every rebound attempt has been rejected by this trendline. Market Structure The overall structure remains Lower High – Lower Low (LH – LL). No valid break of structure (BOS) toward bullish conditions so far. Price Behavior Price recently showed a minor bounce, but remains capped below the descending trendline, indicating bearish continuation unless a breakout occurs. --- Key Levels Resistance Zones: 0.00750 (nearest resistance & trendline area) 0.00930 0.01090 0.01300 0.01500 0.02125 (major resistance / distribution zone) Support Zones: 0.00632 – 0.00600 (current minor support) 0.00500 (major support / all-time low area) --- Bullish Scenario Price successfully breaks and closes above the descending trendline on the daily timeframe. Additional confirmation if price: Holds above 0.00750 Forms the first higher low Bullish targets: 0.00930 0.01090 0.01300 This scenario is considered a relief rally or corrective move, unless a major structure shift occurs. --- Bearish Scenario Price fails to break the trendline and gets rejected. A valid bearish continuation if: Daily close below 0.00600 Downside targets: 0.00500 (key support) If 0.00500 fails, the risk of new lower lows increases due to lack of historical demand below this zone. --- Conclusion LINEA/USDT is still under strong bearish pressure. As long as price remains below the descending trendline, any upward movement is likely to be a pullback before continuation to the downside. A bullish bias only becomes valid after a confirmed trendline breakout with structural change. Traders should wait for clear confirmation and maintain strict risk management. #LINEAUSDT #LINEA #CryptoAnalysis #TechnicalAnalysis #BearishTrend #DescendingTrendline #Altcoin #MarketStructure #SupportResistance
Long
by CryptoNuclear
IQCDStock: Industries Qatar 🔹 Big Picture The stock has been in a broad sideways range since the 2022 peak. Price is currently moving inside a symmetrical triangle (higher lows + lower highs). This structure usually represents accumulation before a strong move. 🔹 Key Price Levels 🟥 Resistance / Supply Zones 16.20 – 16.30 Major resistance + upper boundary of the supply zone. 17.10 Very strong historical resistance (previous major peak). 🟩 Support Zones 12.20 – 12.40 Current support + lower boundary of the triangle. 11.00 – 10.80 Medium-term support. 7.50 – 7.60 Long-term historical support (only in a deep bearish scenario). 🔹 Expected Scenarios ✅ Bullish Scenario (Technically Favored) Clear breakout and weekly close above 16.30 Upside targets: 🎯 17.10 🎯 18.80 🎯 20.00+ (medium-term) 📌 Fits well with QGMD’s nature as a dividend + steady growth stock. ⚠️ Bearish Scenario Weekly close below 12.20 Downside targets: 11.00 Then 10.00 – 9.50 This scenario remains less likely as long as price holds inside the triangle. 🔹 Important Note Current price action shows volatility compression. The longer the price stays inside the triangle → the stronger the eventual breakout. Not ideal for short-term scalping, but very suitable for strategic positioning. 🎯 Summary Technically: Accumulation phase Smart approach: Trader → wait for 16.30 breakout Investor → accumulate near support with patience
QSE:IQCDLong
by QQQQ9999
Today's Gold Trading Strategy1.The US Dollar Index continues to break through key levels, completely relieving pressure. The US Dollar Index fell to 96.94, a new low in more than four months, maximizing its negative correlation with gold. This directly lowers the cost of holding gold and drives global funds into gold assets. 2.Expectations for a Fed rate cut have risen sharply, confirming loose liquidity. CME interest rate futures show that the probability of a Fed rate cut in 2026 is over 90%, with expectations of a mid-year rate cut increasing. Lower real interest rates have amplified the investment value of non-interest-bearing gold. 3.Central bank and ETF gold purchases provide support, with ample rigid demand. The People's Bank of China has increased its holdings for several consecutive months, adding again in January, continuing the global central bank gold buying spree. SPDR Gold ETF holdings remain high, with continuous net inflows, providing strong support for gold prices. 4.Geopolitical risks continue to escalate, driving strong safe-haven demand. Risks such as the US-EU trade dispute, the Middle East situation, and the Greenland resource dispute have not eased, leading to a rise in the VIX fear index and further strengthening gold's safe-haven appeal. Gold trading strategies buy：5130-5150 tp:5170-5180-5200
OANDA:XAUUSDLong
by Daniel-Foster