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Harmonic Patterns

GBPCAD Forming Rising WedgeGBPCAD is showing a potential bearish breakout from a rising wedge pattern on the daily chart, which often signals a shift in momentum from bullish to bearish. The price has broken below the lower trendline of the wedge and is now retesting the 1.8680–1.8720 zone, which acted as previous support and is now turning into resistance. If the pair continues to hold below this level, it may confirm a downward continuation toward 1.8500 and possibly 1.8350 in the coming sessions. Sellers appear to be regaining control as momentum shifts in favor of the Canadian dollar. From a fundamental perspective, the British pound remains under pressure as the Bank of England maintains a cautious stance amid slowing UK economic data, while the Canadian dollar benefits from rising oil prices and stronger inflation readings. The Bank of Canada’s hawkish tone continues to support the CAD, and this divergence in monetary policy adds further weight to the downside outlook for GBPCAD. Traders are now watching key macro releases, as any signs of renewed UK weakness or oil price strength could accelerate selling pressure. Technically, as long as price stays below the 1.8720–1.8750 zone, the structure remains bearish. A clean close below 1.8600 would likely confirm the next leg down, aligning with the wedge breakdown pattern. Short-term pullbacks could offer fresh selling opportunities for traders aiming to ride the move toward the lower support zones. GBPCAD looks poised for potential profit on the downside as the market shifts from accumulation to distribution.
Long
by AndrewsMarket-Mastery
GOLD 4H | Harmonic AB=CD Bearish Reversal in PlayGold recently formed a clear double top at the all-time high (ATH), accompanied by a bearish divergence on higher timeframes — signaling exhaustion of bullish momentum. That divergence has played out perfectly, aligning with the current bearish market structure. The price has now broken below the key accumulation range between 4000 and 4149, confirming a shift in sentiment. With the trend consistently printing lower lows (LL) and lower highs (LH), the overall market bias remains bearish. 🔹 Technical Breakdown We currently have a bearish AB=CD pattern completing near the 3800 zone, which aligns with the Fibonacci golden ratio (0.618) on the D leg. Although AB=CD is traditionally a bullish harmonic pattern, here it’s being used within a downtrend context to identify a potential reversal or continuation zone — depending on market reaction at D. Key Zone to Watch: 🟡 3800 – 3840 → Major potential reaction zone (Fib confluence + AB=CD completion). If sellers hold this level, we could see further downside momentum. 🔹 Daily Chart View On the daily timeframe, bullish momentum looks weak — every recovery candle is smaller, and volume favors sellers. With the AB=CD pattern confirmation and price failing to reclaim the 40050 zone, the bias stays bearish. 🔹 Weekly Chart Insight Historically, gold tends to retrace after 9 consecutive straight bullish weekly candles. From 1990 to 2025, each 9-week rally phase has been followed by a notable correction ranging from 6% to 14%, showing that extended rallies often precede profit-taking phases. This current rally phase mirrors that same behavior patterns — making a corrective move toward 3800–3700 highly probability. 🧭 Final BIAS The technical confluence between the bearish structure, double top + divergence, and AB=CD D-leg near golden ratio and 9 week rally gives a high-probability bearish setup. If 3940 fails to hold, next potential downside target lies near 3900-3775, aligned with long-term structure support.
TVC:GOLDShort
by awaisulabdeen
1
Liberty Financial Reclaims Key Support — Eyes Next Resistance Liberty Financial has successfully reclaimed the $0.13 level, which represents the Value Area Low (VAL) of its current trading range. This recovery marks a notable structural shift as the market transitions from prior weakness into a more constructive phase. The recent formation of a higher low confirms that buyers are regaining control and setting the stage for potential upside continuation. With bullish momentum gradually returning, the next key objective lies at $0.18, the immediate resistance level that will determine whether Liberty Financial can extend its rally in the short term. How price reacts around current support will be crucial in confirming the strength of this ongoing reversal. Key Points: - Support Reclaim: Price has reclaimed $0.13, the Value Area Low, signaling renewed accumulation. - Market Structure: A higher low has been established, confirming bullish structural intent. - Next Resistance: The $0.18 level serves as the next target for potential continuation. If Liberty Financial continues to hold above $0.13, it strengthens the case for an upside rotation toward $0.18. What to Expect: Expect a push toward $0.18 if support remains defended. A failure to sustain above $0.13, however, could invalidate the bullish structure and reintroduce short-term downside pressure.
Long
by The_Alchemist_Trader_
8
XAUUSD POSSIBLE SELL SETUP🧭 Market Context Pair: Gold / USD (XAU/USD) Timeframe: 15-minute Current price: ≈ $3,981.72 The chart shows a clear bearish structure, with consecutive lower highs and lower lows. A Break of Structure (BOS) has confirmed bearish control after liquidity was taken from the previous high. 🧱 Key Zones Supply Zone (Sell area): Highlighted in red: around $3,985 – $3,990 This zone aligns with a prior imbalance and structure break, where sellers stepped in. Demand Zone (Target area): Highlighted in green: around $3,957 – $3,950 This is where previous buying occurred and where liquidity likely rests below. 📉 Sell Setup Details Entry (Sell limit): ~$3,985.00 Inside the lower half of the red supply zone for best risk-to-reward. Stop Loss (SL): ~$3,990.00 Above the supply zone and last minor high to protect against false breakouts. Take Profit (TP): TP1: $3,970.00 — midpoint between current price and main target (≈1:2 R:R) TP2: $3,957.00 — lower demand zone (≈1:4 R:R) ⚙️ Trade Logic Liquidity Grab: The previous high near $3,990 was taken out — a classic liquidity sweep before the drop. Break of Structure: A clean BOS confirms sellers now dominate. Retracement: Price is currently pulling back toward the supply zone, ideal for short re-entry. Imbalance fill: The retracement aligns with a fair value gap (FVG) that may get mitigated before continuation down. 💡 Trade Management Tips If price rejects strongly before entering the full zone, consider a market entry after a bearish engulfing or M1 BOS confirmation. Move SL to breakeven once price passes $3,972. Partial close at TP1, let remainder run to TP2.
FOREXCOM:XAUUSDShort
by ntulilwageophrey
Gold may fall below 4,000 points this week, short sell!The following only represents my personal thoughts. If you find it helpful, please like and follow to show your support! Please note that any strategy is time-sensitive. As market conditions change, the strategy will also change. I will notify you in the channel based on the actual market conditions! Gold's nine-week weekly rise officially ended last week, marking the beginning of a phased adjustment for the previously strong bull market. The U.S. CPI data released last Friday was weak, and inflationary pressure was lower than expected, which was bullish for the precious metals market. Based on this, I issued a long order signal, and the gold price did rebound slightly, once reaching the $4,100 mark. However, the upward momentum did not continue to expand, and the price ultimately failed to break through the key resistance level of $4,160, indicating strong upward selling pressure in this area. This technical pattern indicates that it will be more difficult for gold to continue to rise at a high level in the short term. If the price rises back to the 4150-4160 range in the future, you can consider adopting a high-altitude strategy to seize the opportunity of a pullback. Judging from the opening of this week, market sentiment has clearly cooled, with gold prices opening significantly lower and falling rapidly. The single-day drop has exceeded tens of dollars, reaching a low of around $4,060. It is worth noting that 4060 is the key support area that we emphasized last week, and it is also the bottom position in the previous oscillation structure. The current price is approaching or even testing this area, which means that the game between bulls and bears has entered a white-hot stage. If this support level is effectively broken, gold prices could retest back below $4,000, further confirming a shift from a strong short-term trend to a weak one. Absent unexpected geopolitical or financial risk events, the likelihood of gold continuing its downward trend significantly increases, and the risk of falling below the $4,000 mark is rising. Looking back at the evolution of this round of trends, after nine consecutive weeks of positive closings on the weekly level, a negative line appeared, releasing an obvious signal of weakening bullish momentum. Meanwhile, technical indicators on the daily chart are beginning to show signs of fatigue: the MACD is showing shrinking red bars, the KDJ is forming a downward death cross at a high level, and prices are gradually moving away from the short-term moving average system. Currently, the price is facing a dual test of the 20-day moving average and the middle Bollinger Band. These two technical reference lines intersect in the 4060-4070 range, forming an extremely important bull-bear watershed at present. If the gold price can stabilize and rebound in this area, there is still a basis for maintaining range fluctuations; but once it falls, it will most likely start a new round of downward trend. It is worth emphasizing that the inertial thinking of "rising as soon as the market opens" in the past period of time is no longer applicable to the current market environment. With the adjustment of macro expectations, the hawkish policy path of the Federal Reserve and the slowdown in gold purchases by some central banks, the unilateral upward logic of gold is weakening. Therefore, trading strategies must keep pace with the times and adjust directions in a timely manner. Based on the current technical structure and market sentiment, this week's strategy should primarily focus on shorting rallies. It is recommended to arrange short orders in batches within the range of $4090 to $4110, and strictly set stop-loss to prevent unexpected reversals. At the same time, closely monitor the support level of $4060-4070. If a significant break occurs, the next target could be $3950 or even $3900. Barring any major risk events, gold prices are expected to remain under pressure, and a break below the psychologically important $4000 level is not out of the question.
FOREXCOM:GOLDShort
by Martin_Trading_Guide
AUDUSD POSSIBLE SELL SETUP🧭 Market Structure Overview Current price: around 0.6547 The chart shows a bearish structure shift — after price reached a high near 0.6560–0.6565, it created: A Break of Structure (BOS) to the downside. A Change of Character (CHoCH) confirming a transition from bullish to bearish momentum. 🧱 Key Supply and Demand Zones Supply zone (short entry area): Marked in red around 0.6550–0.6560 This is where sellers previously entered and broke structure — potential retest zone for short entry. Demand zones (targets): Minor demand: around 0.6530–0.6535 Major demand / final target: near 0.6515–0.6510 📉 Trade Plan (Sell Setup) Bias: Bearish Entry zone (sell): Wait for a retracement into 0.6550–0.6555 (supply zone retest) Confirmation: Look for lower time frame rejection (e.g. bearish engulfing, BOS down on 1–5m chart) at that zone. Stop loss: Above 0.6565 (just beyond the BOS high / supply zone) Take profit targets: TP1: 0.6535 (first demand / liquidity pocket) TP2: 0.6515 (main target, strong demand zone) Risk-to-reward (approx): 1:3 to 1:4, depending on entry precision 🔍 Market Logic Price made a lower high and broke structure to the downside. The CHoCH confirms momentum has shifted. The liquidity above 0.6560 has been swept — institutions likely distributed there. Expect a retracement into supply before the next impulsive leg down. ⚠️ Trade Management Tips If price fails to reach 0.6550 and instead breaks below 0.6535 decisively, consider waiting for a pullback to 0.6540 for re-entry. Move SL to breakeven after TP1 is hit.
Short
by ntulilwageophrey
Pi Network Pulls Back After Harsh RejectionPi Network’s recent rally has cooled off sharply after a strong rejection from the $0.28 region, following an impressive bounce from the Point of Control (POC) and daily support at $0.19. This confluence zone previously acted as the base for bullish continuation, but the latest price reaction signals a potential shift in short-term momentum. The rejection from $0.28 suggests that sellers remain active near high-timeframe resistance. Now, with prices retracing below this level, maintaining support above $0.19 becomes crucial to preserving the bullish structure and preventing further downside continuation. Key Points: - POC Confluence: Support at $0.19 aligns with both daily structure and volume profile. - Rejection Zone: The $0.28 level triggered strong selling pressure. - Critical Decision Area: Price must hold above $0.19 to sustain the bullish bias. If Pi Network fails to hold this support region, the probability of a deeper correction increases substantially, potentially leading to a retest of lower liquidity levels. What to Expect: As long as $0.19 remains intact, Pi Network may attempt another rotation toward $0.24–$0.28. A breakdown below it, however, could confirm a bearish shift and open room for extended downside movement.
by The_Alchemist_Trader_
BTCUSD SELL IDEACurrent price: around $114,976 Recent structure: The price made a CHoCH after forming a lower high around $115,600, signaling a potential shift from bullish to bearish momentum. BOS confirmation: A break of structure downward confirms sellers taking control. Supply zone: A red zone above ~$115,400–$116,000 shows a bearish supply area, where price could retrace to before continuing lower. Expected move: A short-term pullback (retracement) toward ~$115,200–$115,400 before a continuation down toward the demand zone near $113,200–$112,800. 📉 Sell idea summary: Bias: Bearish Entry zone: ~$115,200–$115,400 (after retracement) Target: ~$113,200 Stop loss: Above ~$115,600
BITSTAMP:BTCUSDShort
by ntulilwageophrey
GOLD XAUUSD THE BREAKOUT OF 4059-4055 TRENDLINE BY LONDON /NEWYORK SELLERS WILL BE LOOKING FOR DISCOUNT IN THE PRICE OF GOLD . CHINA-US TENSION COOLS OFF,BUT FOMC NEXT MONETARY POLICY DECISION IS CAUSING CAUTION IN LONG POSITION FOR THE YELLOW METAL. RATE HOLD ,RATE HIKE OR CUT ,NO ONE CAN TELL TILL THE MEETING IS OVER. DEMAND FLOOR 3991 DEMAND FLOOR 3945-3940. GOLD LONDON /NEWYORK BUY ZONE COULD BE 3945-3940 ZONE .i see a strong double confluence where a descending trendline meets a horizontal support structure, risk management is key,if price rally at this zone,learn to take profit and protect your capital
EASYMARKETS:XAUUSDLong
by Shavyfxhub
TAO - WEEKLY NEUTRAL AREA...GETTEX:TAO - price analysis : It looks like a clean triangle structure H4 here⏳ The current price area is very neutral. Difficult & unstable price zone. Price could continue to move sideway between 420 - 368$ for a while. 🔴Bearish side: Under 368 - 360$ ==> I'll keep an eye on the 330 - 320$ zone. Technically, under 415$ (daily basis) , seeing a bearish rejection looks more possible 📉 🟢Bull side: Weekly candle close above 455$ is required, to exit the HTF neutral area & trigger potential long term bullish move. Overall, I think that above 360$ level, that's a bullish consolidation before the next big move HTF.
by Cryptojobs
EURJPY: Getting Weaker on expectations for more fiscal stimulusEURJPY: Getting Weaker on expectations for more fiscal stimulus The EURJPY price is emerging from a strong structure area that also corresponds to the previous all-time high of 177.95. This is also a record price reached so far, considering that EURJPY has never been in this area in its entire life. The JPY remains extremely weak due to the loss-making monetary policy applied by the BOJ and the Prime Minister. It makes no sense, but that is the situation. EURJPY looks set to extend further. Traders betting her government could muddy the interest rate outlook and bring about a greater fiscal largesse could push EURJPY even higher to 178.80, 180, and 181. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
6
SOFI before Earnings – TuesdayI’ve been tracking NASDAQ:SOFI closely since the last earnings report, and honestly, I like what I’m seeing. Despite the overall market volatility, the stock has held a solid structure and stayed in a tight range, which to me signals institutional confidence, not weakness. We haven’t seen any heavy selling or major breakdowns, and that tells me smart money is still inside, waiting for Tuesday’s catalyst. On top of that, SoFi’s recent investments seem to be paying off, because the stock hasn’t followed the broader market pullbacks. That gives me the sense that the market is already recognizing an improvement in the company’s fundamentals. In my opinion, SoFi could surprise to the upside this time. If the numbers come in strong — especially the forward guidance — we might see a clean breakout of this range and a solid move higher in the next sessions. Obviously, manage your own risk, but to me the stock is showing clear signs of accumulation and strength before the report. 👁️‍🗨️ Levels I’m watching: Support: $28.70 Key zone: $29.80 – $30.10 Breakout confirmation: above $30.50 🎯 If earnings impress, I wouldn’t be surprised to see it push toward $32–$34.
NASDAQ:SOFILong
by perezliz37
EUR/CHF Technical Outlook – 4H Chart✨ ✨ ⏰ On the 4-hour timeframe, EUR/CHF is trading within a well-defined descending price channel 📉. The pair has recently touched the lower boundary of this channel and is now showing a bullish rebound 🔄. 💥 Adding to the momentum, the pair also bounced off a key support zone at 0.9210, flashing strong reversal signals to the upside 📈. 📈 What’s Next? With bullish momentum building, the pair is expected to climb toward the following targets: 🎯 0.9328 🎯 0.9453 🟢 The bullish scenario remains valid as long as price holds above 0.9173 — this is the line in the sand for bulls. 🚀 Bottom Line: EUR/CHF is showing signs of life — and as long as it stays above 0.9173, the bulls are in control. Eyes on 0.9328 and 0.9453 as potential upside magnets.
Long
by Elrouby