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Harmonic Patterns

Will the market trend continue to rise before the Fed’s decisionFrom a technical perspective, gold has a large downward space after rising and falling in the early trading. From 3438 to the current 3365, the price is close to 73 US dollars. Under this change, we should pay attention to the long and short changes of gold and whether they will continue. From the perspective of cycle performance, there is a high possibility of a wave of adjustment space under the three consecutive positive lines of the daily line, and the intensity of this adjustment will not be small. It is possible that the big negative line swallows the positive line and goes directly below 3300. If it comes out like this, then it can be said that it is difficult for gold to rise again this week. On Thursday and Friday, there may be a shock decline or high-level shock. From the perspective of the 4-hour cycle, a big negative line closed, covering the previous consecutive positive lines, and breaking the support of the 5- and 10-day moving averages. This wave may continue to fall to the Bollinger middle rail near 3300, but if it is a high-level shock, the Bollinger middle rail is not broken, and it may rise again to the high point of 3430. Therefore, gold has experienced a big rise and fall in this cycle, and it is possible to rise or fall now. First, pay attention to the support effect of 3360-3350 under the weakness in the early trading. If it is not broken, you can continue to be bullish. The upper target is 3400. If the strength is strong, look at 3430.
OANDA:XAUUSDLong
by JoshuaEmmie
PI coinAfter a strong rise in price and volume Pi coin is now showing stability at its golden pocket. considering weekends having slow volumes and range bund price action, Pi coin is also expected to maintain the price range of 0.58-0.59. however aligning with pricing of btc and near weekly close it price expected to pump till .7 or above. its ADX is trending at 4hrs and daily, its stoch rsi is about is bottoming. rsi showing multiple divergences at 4h and LtF. it is forming butterfly pattern with expected "C" at 0.5603, but as it is showing strength at golden pocket so it is expected to go above from here that is 0.5833. that is why I suggest 3 entries for average pricing and avoid missing any opportunity. Thus take entry with confluences like 1.BTC bottoming at 4h 2. weekly close 3. rsi golden cross 4. C leg of harmonic butterfly 5. bottoming of stoch rsi Here is the setup entry 1. 0.5833 10% of ur investment entry 2. 0.5606 30% entry 3. 0.5496 % SL 0.54 Tp1. 0.576 Tp2. 0.614 Tp3. 0.6685 Tp4. 0.702
Long
by ssmog369
1
Spy $550 This WeekUpdated SPY Weekly Forecast Range (as of $563) Scenario Projected Close Range Probability Bull Case $570 – $577 40% Base Case $558 – $566 45% Bear Case $545 – $555 15% 🔼 Bull Case Summary ($570–$577) Conditions: CPI data comes in cool (Thursday) PLTR, AMD, DIS all beat and guide higher Fed speakers lean dovish Mega caps like NVDA & MSFT fuel rotation higher SPY clears the psychological $565 resistance Fuel: Short gamma squeeze above $565 Call wall shift to $570/$575 Sector momentum in tech, financials, and discretionary ⚖️ Base Case Summary ($558–$566) Conditions: CPI is in-line Earnings are mixed (1 or 2 misses) Market digests prior rally, stays elevated No breakout — just holding range Behavior: SPY consolidates around 8-day EMA and VWAP Buyers hesitate near $565–$567 Light-volume pullbacks to $560 or $558 get bought 🔻 Bear Case Summary ($545–$555) Conditions: CPI comes in hot → rate cut expectations fall Key earnings disappoint (PLTR, AMD, DIS miss or lower guide) Yields spike, market pulls back fast SPY loses 8-day EMA, dips toward 21-day EMA near $548 Fuel: IV spike → volatility unwind Bond market pressure → liquidity stress Rotation into defensive sectors (XLU, XLP) 🔍 Supporting Indicators (Real-Time Drivers to Watch): CPI – Thursday, May 9 10-Year Yield reaction post-CPI Earnings releases (especially PLTR Monday + AMD Tuesday) Options flow around $565, $570 strikes Volatility Index (VIX): Holding under 14 = bullish, over 15 = caution
AMEX:SPYShort
by JoeWtrades
5
USOILCurrent USOIL Price Drop (May 2025) WTI crude oil (USOIL) has declined sharply in early May 2025, Key drivers include: OPEC+ Surprise Supply Increase: OPEC+ announced plans to raise output in June, reversing earlier production cuts and flooding the market with additional barrels. Tariff-Driven Demand Fears: U.S.-China trade tensions and retaliatory tariffs threaten global economic growth, reducing oil demand forecasts. Dollar Strength: The U.S. dollar (DXY) has rebounded due to delayed Fed rate cuts and safe-haven demand, pressuring dollar-denominated oil prices. EIA/Goldman Sachs Forecasts: The U.S. Energy Information Administration (EIA) and Goldman Sachs revised 2025–2026 oil price forecasts downward, citing oversupply risks and weaker demand. Shifting Dollar-Oil Correlation Historically, oil and the dollar were inversely correlated (strong dollar = lower oil prices). However, this relationship is weakening due to: U.S. as a Net Oil Exporter: The U.S. is now the world’s largest crude producer. Higher oil prices improve the U.S. trade balance (vs. worsening it when the U.S. was a net importer). Petrodollar Dynamics: As the U.S. exports more oil, revenue from oil sales strengthens the dollar, creating a positive correlation in certain scenarios. Geopolitical and Policy Shocks: Tariffs, OPEC+ decisions, and Fed policy now dominate price action, overshadowing traditional correlations. Future Directional Bias Bearish Factors OPEC+ Supply Surge: Increased production (post-June 2025) could push prices toward $50–$55/barrel (Goldman Sachs base case). Recession Risks: Weak demand from China/Europe and U.S. tariff impacts may trigger a global slowdown, further depressing oil prices. Dollar Strength: Fed rate cuts delayed until July 2025 or later could sustain dollar strength, capping oil’s upside. Bullish Catalysts Supply Disruptions: Escalating Middle East tensions or OPEC+ policy reversals could tighten supply. Weaker Dollar: If the Fed signals rate cuts or tariffs ease, dollar weakness could lift oil prices. Outlook: USOIL faces downside risks in the near term due to oversupply and demand concern Exogenous Shocks: Exogenous shocks to the U.S. real interest rate can cause a modest and short-lived decline in the real price of oil. Although there is a higher opportunity cost of holding inventories, oil inventories may increase, reflecting the decline in global real activity associated with higher U.S. real interest rate
TShort
by Shavyfxhub
PEPE 1D Harmonic Pattern Setting Up for a Bullish Breakout!Hey traders! I'm spotting a potential bullish setup on #PEPEUSDT — and it’s one worth watching closely. 🔍 Technical Overview: On the 1D time frame, #PEPE is forming a textbook harmonic pattern — still confirming. No bearish divergence or reversal signs spotted so far — momentum remains intact. Key level to watch: B point of the harmonic pattern, acting as strong horizontal resistance. 🎯 Trade Idea: Plan: Wait for a clean breakout above the B-level, followed by a successful retest. If the retest holds as support, I’ll be entering a long position with tight risk management. TP-1: 0.00001292 TP-2: 0.00001647 SL: 0.00000549 ⚠️ Why patience matters: Jumping in too early can expose you to fakeouts. Confirmation = confidence! 💬 What do YOU think? Is #PEPE about to explode or will the resistance hold? Drop your thoughts below! 👇 📈 If you find this helpful, don’t forget to: 👍 Like 💬 Comment 🔁 Share 📌 Follow me for more high-probability setups! Let’s trade smart, not emotional. 💡 #PEPE #CryptoTrading #HarmonicPattern #BreakoutSetup #TechnicalAnalysis #TradingView #CryptoCommunity #Altcoins
Long
by mudusir
Bearish reversal?The Gold (ZAU/USD) is reacting off the pivot and could drop to the 1st support. Pivot: 3,328.69 1st Support: 3,271.11 1st Resistance: 3,359.66 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.
ICMARKETS:XAUUSDShort
by ICmarkets
1
Key range of gold price: 3290--3360Key range of gold price: 3290--3360 The sharp decline for two consecutive days confirmed the effectiveness of the support of the No. 2 midline. As shown in the figure: We reclassified and classified all the shock structures and used 123456 to represent all the pattern combinations. In the end, the support effectiveness near 3290 was accurately judged. We also need to pay attention to the pressure near 3360. Key point 1: As long as the gold price is above 3300, the strategy is to go long at a low price. Key point 2: This means that the gold price is likely to fluctuate in the 3290-3360 range on Friday. Key point 3: Pay attention to the pressure of 3365 first, and then consider shorting around 3350-45 US dollars. News: 1: The European Commission said on Thursday that the European Union is considering taking countermeasures against US imports worth up to 95 billion euros (about 107.2 billion US dollars) if negotiations with Washington fail to cancel a series of tariffs imposed by US President Trump. 2: Currently, the UK and the US have reached a tariff agreement, and the price of gold has plummeted by $80-100. We need to pay close attention to the international trade situation and changes in market sentiment on this trading day. News: 1: Trump is considering exempting tariffs of up to 145% on some goods 2: The Fed will sell off US bonds even if it does not cut interest rates 3: Powell released a signal of "no rush to cut interest rates" 4: The rise in US bond yields directly hit the attractiveness of gold as an interest-free asset, becoming the root cause of this plunge; 5: The situation between Russia and Ukraine has eased, and Ukraine is seeking peace talks. 6: In terms of the India-Pakistan conflict, India was defeated and its arrogance was suppressed, and the possibility of further expansion of the situation was reduced, which to a certain extent pushed down the price of gold. Strategy summary: Long strategy: long around 3290-3300, stop loss 3275, target: 3340-3360 Short strategy: short around 3350-3360, stop loss 3370, target: 3330-3320-3300-3290-3240-3200
FOREXCOM:XAUUSD
by Louisa00112
BTCUSD 15 MINUTEThis chart shows a short trade setup for Bitcoin against the U.S. Dollar (BTC/USD) on a 15-minute timeframe. Here's a breakdown: Entry Point: Around 102,548. Stop Loss: Approximately at 104,015 (marked by the red area). Take Profit (Target): Around 99,666 (marked by the green area and the label “TARGET SUCCESSFUL”). Outcome: The price hit the take profit target, indicating a successful trade. Would you like help analyzing or replicating this strategy?
BITSTAMP:BTCUSDShort
by Alpha_Gold_Trader
Gold fluctuates at high levels and washes out repeatedly!The Asian and European sessions fluctuated repeatedly and stabilized above 3360. In the evening, the US session fell slightly and stabilized at the 3360 mark, ushering in a bottoming rebound. The daily K-line closed at a high level. The daily structure closed at a high level. It closed a little stronger, and the weekly line reached a high for the second time. It has not yet formed a high and fall. The continuous form is impacted by the news, waiting for further confirmation of the form. The previous wave of strong rebound in the 4-hour chart of gold, the overall gold price rebounded in the short term for two consecutive trading days, and yesterday it was under pressure and fell. The situation of shock, but now it has formed a stage support area above 3360. After the opening of the Asian session, the gold price rose strongly and returned to above 3390. At present, it has reached 3415. Pay attention to the support level of 3360 below. If the support is effective, the gold price is expected to rise again. If it enters a shock wash, it is recommended to adopt the idea of ​​selling high and buying low. Therefore, the current trend, people who like shocks feel very comfortable, and people who look at one side feel uncomfortable. The early trading operation is still in the range of 3420-3360, and a new layout will be made after breaking through! Overall, the short-term operation strategy of gold is recommended to be short-selling on rebounds and long-selling on pullbacks. The short-term focus on the upper side is the 3420-3438 line of resistance, and the short-term focus on the lower side is the 3350-3360 line of support.
OANDA:XAUUSDShort
by KittyBaldwin
EURUSD H4 | Bearish Reversal Based on the H4 chart, the price is rising toward our sell entry level at 1.1282, a pullback resistance. Our take profit is set at 1.1142 a pullback support that aligns with the 61.8% Fibo retracement. The stop loss is set at 1.1397, above a multi 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
GBPUSD H4 I Bearish Reversal Based on the H4 chart, the price is approaching our sell entry level at 1.3261, a pullback resistance. Our take profit is set at 1.3168, a pullback support that aligns with the 161.8% Fibo extension The stop loss is set at 1.3342, an overlap 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
XAUUSD H4 | Bearish Continuation Based on the H4 chart, the price is rising toward our sell entry level at 3344.40, a pullback resistance. Our take profit is set at 4365.47. a pullback support that aligns close to the 78.6% Fibo retracement. The stop loss is set at 3381.54, 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
GBPJPY H4 | Bullish Rise Based on the H4 chart analysis, the price is falling toward our buy entry level at 191.67, a pullback support that aligns close to the 61.8% Fibonacci retracement. Our take profit is set at 193.31, a recent swing high resistance The stop loss is placed at 190.52, below a swing low 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.
Long
by Tradu