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Harmonic Patterns

#Nifty Directions and Levels for Jan 8Good morning, friends! 🌞 Market Directions and Levels for Jan 8 There are no major changes in the global and our Indian markets. Today, the market may open with a neutral to slightly gap-down start, as GIFT Nifty is trading about 55 points lower. What to Expect Today? The structure continues to show the same sentiment, indicating that the market is still range-bound. Therefore, the probability favors a continuation of the range-bound movement. A correction continuation is likely only if the market breaks the immediate support level with a strong structure. Let’s take a look at the chart. Current View The current view suggests that the corrective pullback could be a three-wave structure. So, even if the market opens on a negative note, we can expect some consolidation around the previous day’s range. Note: In this scenario, the market does not break the previous day’s low during the initial phase. Alternate View: The alternate view suggests that if the market starts negatively and breaks the previous day's bottom, we can expect correction continuation. However, note that these kinds of gradual moves will react to each and every support level—take positions a little carefully.
NSE:NIFTY
by Manickamtraders
1
Bullish momentum to extend?AUD/CAD is falling towards the support level, which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.9246 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.91956 Why we like it: There is a pullback support that is slightly above the 61.8% Fibonacci retracement. Take profit: 0.93287 Why we like it: There is a swing high resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by Vantage
1
Gold - This metal is collpasing very soon!😱Gold ( OANDA:XAUUSD ) is preparing a major dump: 🔎Analysis summary: Gold has been rallying an incredible +175% over the course of the past couple of months. But at this exact moment, Gold is retesting the ultimate resistance trendline. Considering that Gold is totally overextended, we will see a harsh drop in the very near future on Gold. 📝Levels to watch: $4,500 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
OANDA:XAUUSDShort
by SwingTraderPhil
37
JASMY / USD — Impulsive Breakout with Multi-Timeframe AlignmentThis chart shows JASMY transitioning from a prolonged compression phase into an impulsive upside expansion on the daily timeframe. After an extended period of declining and sideways price action, JASMY established a higher low and accelerated sharply higher, reclaiming short- and medium-term structure. Recent candles reflect strong directional conviction, with price moving decisively above rising averages and producing multiple upside target interactions (“HITs”). This behavior suggests active participation and follow-through, rather than a single-session volatility spike. Key structural observations: The prior downtrend has been decisively interrupted by a momentum-driven breakout. Price has reclaimed daily structure and is holding above it, indicating acceptance at higher levels. Prior resistance zones are now acting as potential short-term support references. Multi-timeframe context: Daily, 4H, and weekly reference levels are tightly stacked, creating a defined expansion corridor. Higher-timeframe resistance remains overhead and may act as a decision zone if price continues higher. Unfilled lower reference levels remain relevant if momentum cools and consolidation develops. Momentum context: The oscillator has entered a bullish regime, with projected continuation rather than immediate exhaustion. Momentum expansion aligns with price acceleration, increasing the probability of continued range exploration before a broader consolidation phase. Forward-Looking Scenarios (Probabilistic) Sustained acceptance above reclaimed daily structure favors continued upside probing toward higher-timeframe reference zones. Loss of current structure would more likely result in sideways consolidation or a controlled pullback, rather than immediate trend failure. Broader directional clarity is expected as price resolves interaction with weekly resistance. All levels shown are contextual reference points, not guarantees. This chart is shared for educational and informational purposes only and should be confirmed with additional tools, timeframes, and risk management.
CRYPTO:JASMYUSD
by Dinjin
2
WTI OIL This is what separates a drop to $49 from a rally to $68WTI Crude Oil (USOIL) remains within its 2-year Channel Down since the September 25 2023 High, as well within a 'smaller' one (blue) since late July 2025. What separates right now the market from a continuation of the latter's Channel Down downtrend and a rebound towards the long ones 1W MA100 (green trend-line), is the 8-month Support level of 55.20. As you can see, this has recently held (week of December 15 2025) for the 3rd time since April 2025. However the 1D MA50 (red trend-line) keeps rejecting any 1W candle, maintaining the bearish trend of the (blue) Channel Down. If it breaks and the market closes 2 straight 1W candles above it (1D MA50), then we expect a 2-3 month rally to test the 1W MA100 and the 0.618 Fibonacci level (like all previous Bullish Legs within the 2-year Channel Down did) at $68.00. If on the other hand the market closes a 1W candle below the 8-month Support (55.20), we expect the continuation of the bearish trend until the 1W RSI touches its long-term Support Zone again. An early estimated Target on his is $49.00 but best to take profit when the 1W RSI this the Support Zone regardless of the price, as it has marked the last two major market bottoms (Lower Lows). --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOIL
by TradingShot
#Nifty Directions and Levels for Jan 7Good morning, friends! 🌞 Market Directions and Levels for Jan 7 Global markets are showing a positive outlook. However, the Indian market has a moderately bearish outlook. Today, the market may open with a neutral to slightly gap-down start, as GIFT Nifty is trading about 70 points lower. What to Expect Today? Based on the current structure, the market remains range-bound. The structures of Nifty and Bank Nifty are slightly different, which reflects mixed sentiment. Overall, the market is likely to continue its range-bound structure today as well. > If the market sustains the negative opening, it may reach the bottom of the current swing. > On the other hand, if the market bounces back initially, it could retrace 38%–50% of the current swing, indicating that the range-bound movement is likely to continue. This is the broader structure. Now, let’s look at the individual indices. Nifty Current view: If the gap-down sustains, the market may consolidate around the pullback zone. After that, if it breaks it, we can expect correction continuation. Alternate view: If the market starts positively or rejects sharply around the pullback zone, we can expect at least 38% to 50% of the current swing.
NSE:NIFTY
by Manickamtraders
3
PROCTER & GAMBLE Can it turn bullish in 2026?Procter and Gamble (PG) has been within more than 1 year correction since its November 27 2024 All Time High (ATH). Even though we expect the general outlook for the stock market in 2026 to be bearish, PG may turn out to be one of the best investment choices. The reason is purely technical and has to do with this 1-year correction approaching its 1M MA100 (green trend-line). That has been the stock's absolute buy level since September 2009 and the aftermath of the U.S. Housing Crisis. As you can see it has since offered 4 excellent long-term buy opportunities. Going further back, PG has been trading within a 26-year Channel Up since the 2000 Dotcom crash. Again the 1M MA100 turned out to be the market's ultimate Support (thus most optimal buy level), making a remarkable triple bottom in the next 12 months. As a result, the 1M MA100 has practically only broken (and that only for 3 months) in early 2009. In addition to that, the 1M RSI is also about to test its own 26-year Support Zone, which has market PG's four major market bottoms during that time span. As a result, given that a potential contact now with the 1M MA100 will complete a -26% decline from the recent ATH, exactly the correction % of the 2022 Bearish Leg (Inflation Crisis), there are very high probabilities for the market to find a bottom. So if that's indeed one of the rare high cap buy opportunities in 2026, what could be the Target. Well PG had three major Bull Cycles (Legs) within this Channel Up, +188.23%, +113.39% and +178.81% respectively. If the Bull Cycle that can start will be minimum +113.53%, then we can expect PG to hit at least $280 before the next Top on the 0.786 Channel Fib. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:PG
by TradingShot
Amazon - A quite boring new all time high!🎈Amazon ( NASDAQ:AMZN ) is simply heading for new highs: 🔎Analysis summary: For the past couple of months, Amazon has overall just been consolidating. But in the meantime, we witnessed a major bullish break and retest and an expected rally of +50%. Following this quite slow behavior, Amazon will also slowly create new highs. 📝Levels to watch: $250 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
NASDAQ:AMZNLong
by SwingTraderPhil
7
Dogecoin price confirming a rejection?Doge coin has seen an impulsive reaction from the $0.11 support and value area low, resulting in multiple bullish engulfing candles before rejection from the $0.15 region. Price is now trading back below the Point of Control, indicating that bulls have lost immediate momentum. As long as price remains below $0.15 resistance, the market favors a potential rotation lower, with the 0.618 Fibonacci level acting as the next downside target where price may fill inefficiencies and look for a bounce. From a market structure perspective, Dogecoin is currently at resistance, and a short-term corrective move remains the likely scenario unless buyers reclaim higher ground
Short
by The_Alchemist_Trader_
DAX entered its 7-month Resistance Zone. Will it decline again?DAX (DE40) just entered its 7-month Higher Highs Zone, which has been the technical Resistance of a long-term Ascending Triangle that started on the May 27 2025 High. With the 1D RSI overbought (above 70.00), the conditions for a new medium-term sell opportunity have emerged. All previous five Bearish Legs of this Triangle have been fairly symmetrical, with the lowest being -5.07%. We expect at least a repeat of that, which gives us a 24100 Target that may coincide with a 1D MA200 (orange trend-line) and 1W MA50 (red trend-line) test. The latter is the market's long-term Support and will decide the trend for 2026. If the 1D RSI hits 40.00 though before the price hits 24100, we will take profit on the sell regardless, as that has been the RSI's Symmetrical Support for the entirety of the Ascending Triangle. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40Short
by TradingShot
XAUUSD– 4H | Supply → Demand Reaction SetupGold is currently trading into a **major 4H supply zone**, and price action is giving a **clear high-probability reaction area**. ### 🔍 Market Structure Breakdown * Overall structure remains **range-to-bearish** * Price previously **impulsed down aggressively** from this same supply area * Current move up looks like a **retracement**, not a fresh bullish trend * We are now **retesting unmitigated supply** ### 🟩 Supply Zone (Sell Area) * Zone marked in **green** * This is a **strong institutional supply** * Previous rejection from this area caused a **strong bearish displacement** * Expect **sell pressure** once price shows weakness (wick / rejection / bearish close) ### 🔴 Demand Zone (Target Area) * Zone marked in **red** * This is a **clean demand zone** * Logical area for price to rebalance liquidity * Also aligns with previous consolidation and reaction lows ### 📉 Trade Idea (Conceptual) * **Bias:** Sell from supply * **Confirmation:** Bearish candle close / rejection on 4H or lower TF * **Target:** Demand zone below * **RR Potential:** Very favorable (supply → demand move) ### ⚠️ Important Notes * No blind entries — **wait for confirmation** * Gold is volatile, manage risk properly * News can accelerate this move, not invalidate the structure
OANDA:XAUUSDShort
by Skiddo7
2
DOW JONES Strongest sell signal in 2 months.Last week (see chart below) we gave a buy signal on Dow Jones (DJI), which easily hit our 48650 short-term Target, as the price found support inside a tight Triangle pattern: This time, a strong sell opportunity is emerging (in fact strongest in two months) as we move to the longer 1D time-frame, where Dow has been trading within an 8-month Channel Up that is very close to its top (Higher Highs trend-line). The 1D RSI however is already touching its multi-month Resistance Zone, which makes it a prime Sell Signal already as the last time it was there was almost 2 months ago (November 12 2025). What followed this was a strong -5.59% technical pull-back that found support exactly on the 1D MA100 (green trend-line) at the bottom of the Channel Up. Basically, the current Bullish Leg has also just completed a +8.59 rise, which is the most a Bullish Leg has grown within this pattern. And since a -4.00% correction has been the usual decline on all corrections also, we expect Dow to hit the 47900 - 47600 Target Zone, consisting of the 1D MA50 (blue trend-line) and 1D MA100 respectively, with Support 1 in between. Keep an eye also on the 1D RSI Support Zone. If it gets hit before any of those targets, it will be a good idea to take the profit on the shorts then, regardless of the price. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot
2
GBPJPY Bullish Setup: Combining a Classic & Advanced PatternToday we’re looking at GBPJPY, and what stands out is a high-quality bullish opportunity that blends both a classic pattern formation and an advanced pattern formation into one trade idea. On the higher timeframes, price recently broke out of a bullish pennant pattern and has recently pulled back to retest the prior structure level that was violated during the breakout. During the pullback, price action has begun forming a potential bullish Bat pattern. Three Ways to Trade This Opportunity 1. Trade the Bat Pattern Only The Bat pattern is a stand-alone trading opportunity. You can execute the trade purely based on the harmonic completion zone, managing risk and taking profits at traditional Bat pattern targets. 2. Use the Bat as Confirmation for the Bigger Breakout Trade In this approach, the Bat pattern becomes your reason for entry into the larger bullish continuation move that originated from the pennant breakout. Here, the focus is less on harmonic targets and more on holding for trend continuation. 3. Combine Both Approaches (Hybrid Strategy) This is often the most flexible option. You can: Take partial profits at traditional Bat pattern levels, but keep a portion of the position open to participate in the larger breakout-driven move This allows you to reduce risk, pay yourself early, and still maintain exposure to a potentially strong continuation. Please let me know if you have any questions and feel free to share you views on this pair below. Akil
Long
by Akil_Stokes
GBPCAD 4H Analysis|Range to Breakout? Key Buy Zones Identified👋 Greetings Warm greetings to all TradingView followers 👑 This analysis is presented by the Forex City Pro Team. We wish you disciplined trading and consistent profitability 🌱 💱 Symbol Overview In this analysis, we are reviewing GBPCAD (British Pound / Canadian Dollar) on the 4H timeframe. This pair is known for its solid volatility and high-quality trading opportunities, driven by key economic data from both the UK and Canada. 📊 Technical Analysis Based on current price structure, the market is trading within a range with a bullish bias. The formation of higher lows, along with a clearly defined ascending dynamic support, indicates that buyers remain in control. 🔹 Price is currently interacting with the mid-range resistance. A confirmed breakout and stabilization above this zone could open the path toward higher targets marked on the chart. 📈 Bullish Scenario (Primary Outlook) ✔️ As long as price holds above the ascending dynamic support, the overall bias remains bullish. ✔️ A potential pullback toward the dynamic support is possible and could provide 👉 a favorable buying opportunity. ✔️ After a confirmed breakout above the highlighted break zone, bullish momentum is expected to continue 🚀 📉 Bearish Scenario (Alternative Outlook) ⚠️ If price breaks and firmly closes below the marked dynamic support: 🔻 The bullish structure will be invalidated 🔻 Probability of a deeper bearish move toward lower support levels will increase Risk management becomes crucial in this scenario. ⚠️ Disclaimer This analysis reflects the technical perspective of the Forex City Pro Team only and ❗️ does not constitute financial or investment advice. All trading decisions and risk management remain the sole responsibility of the trader. 🗳️ Your Opinion Matters 🤔 Do you think GBPCAD will pull back first or break out directly? Share your thoughts in the comments 👇 🔖 Tags #GBPCAD #Forex #PriceAction #TechnicalAnalysis #TradingView #ForexCityPro #SupportAndResistance #TrendAnalysis #SmartMoney
Long
by forexcitypro_leemeenal
Bearish reversal off pullback resistance?EUR/JPY is reacting off the resistance level, which is a pullback resistance and could drop from this level to our take profit. Entry: 183.45 Why we like it: There is a pullback resistance level. Stop loss: 184.80 Why we like it: There is a swing high resistance level. Take profit: 181.42 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracement Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by Vantage
Bearish reevrsal off Fib confluenceSwissie (USD/CHF) is rising towards the pivot, which is an overlap resistance and could reverse to the 1st support, which is a pullback support. Pivot: 0.7992 1st Support: 0.7934 1st Resistance: 0.8025 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
sell1 Grab this chart 3 Gold Prices Encounter Resistance at High Levels: A Tug-of-War Between Geopolitical Risks and Interest Rate Cut Expectations On Wednesday during the Asian session, spot gold encountered significant resistance after reaching the psychological level of $4,500 and a one-week high, failing to maintain the strong gains of the previous two days. After digesting the impact of the US military action against Venezuela, risk appetite briefly improved, and some funds chose to take profits at higher levels, leading to a slight pullback in gold prices. However, overall, the pullback was relatively limited, indicating that the bullish structure has not been significantly damaged, and the gold market remains in a consolidation phase. Fundamentals: Geopolitical Uncertainty Supports Safe-Haven Demand, Interest Rate Cut Expectations Suppress the Dollar Although major stock indices such as the Nasdaq have hit record highs and market sentiment appears optimistic, geopolitical uncertainties have not dissipated. The US has recently adopted a tough stance on several international issues, including Greenland and Latin American affairs. Coupled with limited progress in the Russia-Ukraine situation and continued instability in the Middle East, these factors have maintained market demand for safe-haven assets, providing strong support for gold during its pullback. On the monetary policy front, market expectations for multiple Federal Reserve rate cuts this year continue to rise. Interest rate futures pricing indicates that traders have already priced in the possibility of several rate cuts, which has hampered the dollar's rebound. While several Fed officials have emphasized that policy needs to be "finely calibrated" based on data, the relative attractiveness of gold, a non-interest-bearing asset, remains prominent until the expectation of declining real interest rates is disproven. The market is currently holding its breath awaiting guidance from key data: Friday's non-farm payroll report and next week's inflation data will be crucial triggers for judging the Fed's policy path and the next stage of gold price movement. Before then, data such as ADP employment and the ISM services PMI may only bring short-term fluctuations. Technical Analysis: High-level consolidation, key support and resistance coexist. From a technical perspective, gold has entered a high-level consolidation phase. The price is still trading above the 100-hour moving average (around $4400), which continues to rise and provides dynamic support. However, momentum indicators are signaling a short-term pullback: the MACD has fallen below the signal line and is below the zero line, and the RSI has fallen back to the neutral zone of 48, reflecting a temporary balance between bullish and bearish forces. It's worth noting that the hourly chart shows a potential head and shoulders pattern. If the price breaks below the $4440 neckline, it may further decline to the $4387 area; conversely, if it breaks through the $4470-$4465 resistance zone (especially above $4482), gold may regain upward momentum and challenge higher levels again. Market Sentiment and Trading Strategy: Be wary of data disruptions, seize opportunities within the range. Overall, the current pullback in gold prices is more a result of profit-taking and a temporary correction in risk sentiment than a trend reversal. Geopolitical risks and expectations of interest rate cuts still provide medium-term support for gold, but the market is likely to maintain a high-level consolidation pattern before key data releases. Regarding trading, our short positions previously placed at $4500 have reached their full target at $4440 and are now closed. The next recommended strategy is to shift to range trading: If gold prices rebound to the $4470-$4465 area and encounter resistance, a small short position can be initiated, with a stop-loss set above $4482, targeting $4440, $4410, and $4390. A direct break below $4440 could open up room for a correction towards $4387. Conversely, a strong break above the $4470 resistance level warrants caution, as the bulls may be poised for a comeback. Gold is currently at a crossroads – on one side, there's eager safe-haven demand, and on the other, there's eager profit-taking. Before the non-farm payroll data is released, this high-level tug-of-war may be the perfect opportunity for patient observation and flexible responses. I know many people have been wiped out during the rapid rise and fall of gold prices. Many others have made money, but I believe the market needs a more structured approach. If you need advice, please contact me; I will provide it free of charge. If my advice is incorrect, I will compensate you for your losses.
OANDA:XAUUSDShort
by bcufgy
Silver (XAGUSD) New All Time Highs?Silver has staged an impressive rally, pushing back toward the $80 region before seeing a low-timeframe correction, with price now retesting the value area high, which previously flipped into support. As long as price continues to hold this level on a closing basis, it keeps the bullish structure intact and opens the probability for continued upside. From a technical and market-structure perspective, Silver remains bullish and positioned for continuation. A sustained hold above this key support could fuel a further rotational move higher, keeping new highs and extended upside potential firmly in play as momentum remains in buyers’ favour
COMEX:SI1!Long
by The_Alchemist_Trader_