Get started

Harmonic Patterns

BITCOIN: Retracement Toward $109,500 ExpectedPrice had been in a clear downtrend, showing strong bearish momentum as sellers dominated the market. However, as price reached a key zone, selling pressure began to weaken, hinting at potential buyer interest. A bullish push then broke above the short-term descending trendline, marking the first sign of a possible reversal. This breakout indicates that buyers are stepping back in, attempting to regain control. The immediate target lies around the $109,500 area, aligning with the 0.5–0.618 Fibonacci retracement zone, which often acts as a magnet for corrective moves before the market decides its next direction. If buyers can hold above the recent breakout level and build momentum, a deeper retracement is likely. However, failure to sustain above this level could lead to another dip into the demand zone for a retest before continuation. In short: buyers are testing the waters, but the key lies in whether they can maintain control above the breakout point.
COINBASE:BTCUSDLong
by TrendDiva
23
XRP/USD — Bears in Control as Price Tests Key SupportXRP/USD continues to move within a descending channel, confirming a sustained bearish structure. Earlier in the month, the pair attempted to break out above 3.1250 (Murray ), but the move failed, triggering a renewed selloff as U.S.–China trade tensions escalated and risk appetite faded. Currently, the pair is hovering near 2.3438 (Murray ), a critical support level. A clear break below this zone could accelerate the decline toward 1.9531 (Murray ) and 1.5625 (Murray ). On the flip side, a recovery above 2.6220–2.7344 (mid-Bollinger Band, Murray ) would invalidate the bearish structure and open the door to 3.1250 (Murray ) and 3.5156 (Murray ) — though this remains a less likely scenario for now. ⸻ Technical Analysis • Trend: Still bearish; lower highs confirm downside structure. • Bollinger Bands: Expanding downward — volatility rising with pressure on the downside. • MACD: Flat in the negative zone — momentum favors sellers. • Stochastic: Near overbought — potential for a downside reversal. On the weekly timeframe, XRP is holding below the midline of the Bollinger Bands, keeping the broader downtrend intact. ⸻ Trading Plan 📉 Sell Setup • Entry: 2.3435 • Targets: 1.9531 → 1.5625 • Stop-Loss: 2.6500 • Time Horizon: 5–7 days 📈 Buy Setup (Breakout Confirmation) • Entry: 2.7345 • Targets: 3.1250 → 3.5156 • Stop-Loss: 2.4500 ⸻ Key Levels Support: 2.3438 · 1.9531 · 1.5625 Resistance: 2.7344 · 3.1250 · 3.5156 ⸻ 💬 XRP remains under bearish pressure. A daily close below 2.34 could confirm another leg down toward 1.95, while only a breakout above 2.73 would shift momentum in favor of the bulls.
CRYPTOCAP:XRP
by John_Isige
Bitcoin Consolidates Between $98K and $124K — Range-Bound Bitcoin price action continues to display signs of prolonged consolidation, with a well-defined trading range now forming between $98,000 support and $124,000 resistance. This structure highlights a period of equilibrium in the market as participants await a decisive breakout. The lower boundary of this range, near $98,000, has not been tested since June 2022, making it a critical support region to monitor. A successful retest and hold of this level would confirm continued stability within the current consolidation pattern, suggesting that Bitcoin remains in a rotational cycle between these established boundaries. Key Points: - Range Support: Established at $98,000, last tested in June 2022. - Range Resistance: Defined at $124,000, capping upside momentum. - Market Structure: Price remains range-bound, indicating continued accumulation or distribution. From a technical standpoint, this extended sideways movement represents the market’s process of absorbing liquidity before its next major expansion phase. Until a breakout occurs, traders can expect repetitive oscillations within this broad channel. What to Expect: As long as $98,000 holds as support, Bitcoin may continue to rotate higher toward $124,000. A breakdown below this level, however, could invalidate the range and trigger deeper corrective movement.
by The_Alchemist_Trader_
NQ & ES Premarket Comment Wednesday 22-10-2025NQ & ES Premarket Comment Wednesday 22-10-2025: Good morning everyone, Price remains at elevated levels, and for that reason, I believe a corrective move to the downside is likely before the market resumes its broader bullish trend. One of the key indications supporting this view is that the YM has broken above its all-time highs (ATH), while the NQ and ES have not — creating an SMT divergence, which often signals potential reversal conditions. On the chart, two purple lines are clearly visible. I’ve divided and measured the candle structure in two different ways, resulting in two potential support zones. Once price moves below either of these, it could provide the momentum needed for a continuation higher. The lower purple line represents the stronger support level, although the first one also remains a valid short-term zone of interest. Exercise caution with longs around the first support, as setups near the second level are likely to offer cleaner, higher-probability opportunities. It’s not impossible that we may see a short opportunity develop before price reaches the support zones, but such a trade would be highly speculative and carries elevated risk. Until we get clearer confirmation, patience remains the best approach — let’s wait to see how the market reacts at support. If neither of these scenarios unfolds, we simply stay on the sidelines, observe, and learn from the price action while maintaining discipline until our bias aligns with our model’s framework. I’ll post an updated commentary in the afternoon. Wishing everyone a productive trading session. PF Disclaimer: This analysis reflects personal market observations and is for educational purposes only. It does not constitute financial advice.
CME_MINI:ES1!Long
by FTAKAS
WTI OIL Strong long-term rebound incoming.Over a month ago (September 17, see chart below), we gave a strong Sell Signal on WTI Oil (USOIL) as the price was again rejected on its 1W MA50 (blue trend-line) and was headed towards the inner Higher Lows trend-line, easily hitting our $59.50 Target in the process: Yet again we consult the more reliable long-term time-frames, now making a bullish call as the price is already rebounding this week on the Higher Lows. Given also the identical 1W RSI pattern with 2023, we expect a bounce towards at least the 0.618 Fibonacci retracement level at $69.50, same as the December 2023 - March 2024 rally. ------------------------------------------------------------------------------- ** 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:USOILLong
by TradingShot
3
DOW JONES eyes two Bullish Targets before the end of the year.Dow Jones (DJI) has been trading within a 5-month Channel Up and is currently on its new Bullish Leg following the October 10 bounce on its 1D MA50 (blue trend-line). As you can see, there is a high degree of symmetry between both the Bearish and Bullish Legs within this pattern and if that continues to hold, the immediate Target of the current Bullish Leg is the 1.382 Fibonacci extension at 47700, which we've already mentioned on our previous analysis. This time however, we also set a second Target towards the end of the year, being a +7.50% rise (standard Leg as you can see) from the bottom at 48500. Both Targets would make ideal technical Higher Highs for the Channel Up. Notice also how the October 10 bounce took place also on the 1D RSI's Lower Lows trend-line. An additional indication of a strong support for the long-term bullish trend. ------------------------------------------------------------------------------- ** 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:US30Long
by TradingShot
EURUSDHello Traders! 👋 What are your thoughts on EURUSD? EUR/USD has broken its ascending trendline and completed a pullback to the broken level. The pair is now trading below a key resistance zone, showing continued signs of bearish pressure. After some short-term consolidation in this area, the price is expected to continue its decline toward the highlighted support level. As long as the price remains below the resistance zone, the downside scenario remains valid. A confirmed daily close above resistance would invalidate this bearish setup. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
18
USOIL: Uptrend strengthens after multiple support tests * Trend: assessed using at least three trend indicators, with market structure as the primary guide. ** Weak or Reversal Signals: Assessed based on one of our criteria for trend reversal signals. *** Support/Resistance: Selected from multiple factors – static (Swing High, Swing Low, etc.), dynamic (EMA, MA, etc.), psychological (Fibonacci, RSI, etc.) – and determined based on the trader’s discretion. **** Our advice takes into account all factors, including both fundamental and technical analysis. It is not intended as a profit target. We hope it can serve as a reference to help you trade more effectively. This advice is for informational purposes only and we assume no responsibility for any trading results based on it. George Vann @ ZuperView
TVC:USOILLong
by ZuperView
Ferrari RACE Technicals Led Entry With 100% Upside in 2026 RACE is in a measured correction after its July 2025 ATH (~$517). A repeat of prior ~35% corrections (2018/19; 2022) implies a symmetry target near ~$336 (35% off $516), creating a high-quality “buy the pullback” setup for smart investors willing to scale in before fundamentals re-assert. With the current price around ~$400, a full 35% retrace would complete near the low-$330s; prior cycles then delivered outsized recoveries. We view the $330–$360 zone as a strategic accumulation area for 100%+ multi-year upside potential, with a 2026 bull target >$700 assuming backlog support, margin resilience, and successful new product execution. ATH/price data cross-checked from market sources. ________________________________________ Executive Summary • Thesis: Ferrari remains the purest “luxury-automotive as luxury-goods” equity: scarce supply, sold-out order book into 2026, rising personalization, and a carefully staged electrification roadmap supported by the new Maranello e-building. Even with macro or tariff noise, Ferrari’s brand, pricing power, and capital discipline underpin premium multiples. • Why now: The stock’s technical correction is doing the valuation work for you. Into weakness, we favor staged entries ahead of 2026 catalysts EV debut & deliveries; new model cadence; ongoing buybacks. • Key risks we underwrite: macro wealth shocks; execution on first BEV; regulatory/tariff volatility; FX EUR/USD; and luxury demand rotation. Offsetting: backlog visibility, personalization mix, and buybacks. ________________________________________ Ferrari (RACE) Catalyst Scorecard and 2026 Outlook 1) 🏎 New Model Launches & Portfolio — 9/10 Fresh models e.g., Roma Spider, 296 family, 12Cilindri plus track-focused/limited series sustain mix and ASPs. Purosangue remains capacity-constrained by design ≤~20% of shipments, supporting scarcity. Notes: media and management have repeatedly referenced Purosangue caps and order pauses. Rumor watch: the market expects additional halo launches into 2026; specifics beyond official IR should be treated as provisional. 2) 🔌 EV & Hybrid Transition — 9/10 Ferrari’s e-building went live in 2024 to manufacture ICE, hybrid, and the first BEV, enabling in-house e-axles/battery work and flexible capacity. Management reiterated an EV unveiling in October 2025 with sales beginning 2026; external reporting often cites incremental capacity of ~6,000 units management hasn’t fixed a public number. Strategy: electrify without diluting brand character. 3) 💰 Pricing Power & Personalization — 9/10 Personalizations are a structurally expanding, high-margin revenue stream—running ~~20% of revenues by 2025 commentary—while ultra-limited models e.g., Daytona SP3, 499P Modificata add mix tailwinds. Ferrari consistently emphasizes “quality of revenues over volume.” 4) 🌍 Global Demand & Wealth Resilience — 8/10 Order visibility remains exceptional, with management and financial press citing books effectively filled into 2026 even amid tariffs and China softness; U.S./EU/Middle East wealth pools anchor demand. Hybrids already approach half of deliveries, de-risking compliance. 5) 📈 Order Backlog & Supply Discipline — 8/10 Production is deliberately capped; Purosangue constrained to protect exclusivity. Backlog sold-out deep into 2026 reduces cyclicality and protects margins through mix and scarcity. 6) 💵 Shareholder Returns & Capital Allocation — 7.5/10 Ferrari is methodically executing a multi-year €2bn buyback through 2026 alongside dividends, while maintaining heavy R&D and capex for electrification and new platforms. Recent IR updates confirm ongoing tranches. 7) ⚖ Tariffs & Trade — 7/10 The 2025 U.S.–EU deal reduced tariff pressure versus prior peaks, a modest tailwind to margins and pricing optics for EU autos; Ferrari has shown ability to pass costs to clientele. 8) 🏆 Brand & Competitive Moat — 9/10 Ferrari’s moat resembles top luxury houses more than automakers: waiting lists, repeat/collector buyers, F1 halo, and unrivaled pricing power. This underpins luxury-goods-like multiples and high returns. (Multiple third-party and IR references.) 9) ⚔ Competition & Luxury Peers — 6/10 Peers Lamborghini, McLaren, Rimac, etc. lack Ferrari’s breadth/brand equity. Luxury EV entrants pose incremental risk, but Ferrari’s pacing plus customer loyalty mitigate. General industry assessment; monitor EV launches from peers. 10) 📉 Macro & Economic Cycle — 6/10 Ferrari isn’t immune to wealth drawdowns; however, backlog and personalization provide buffers. Management has historically protected price/mix by flexing volumes if needed. ________________________________________ 2026 Outlook What Must Go Right • EV milestone: Successful first-BEV launch & deliveries with waitlists experience parity with hybrids; no brand dilution. • Mix strength: Purosangue/12Cilindri/hyper/limited series maintain ASPs and margins; personalization share inches higher. • Financial delivery: Hitting or beating upgraded plan markers into 2026 after Ferrari indicated it is tracking ahead on profitability versus the original 2026 targets. • Capital returns: Continued cadence on the €2bn buyback; dividend growth within FCF discipline. ________________________________________ Valuation Snapshot • Quality context: Ferrari’s 2024 print and IR commentary emphasize expanding mix/personalization and ahead-of-plan profitability into 2025/26. Refer to FY24 results + CMD updates. • Peer framing: Treat RACE as luxury Hermès-like scarcity rather than auto OEM. This justifies premium EV/EBITDA and P/E vs mass OEMs, provided growth/margins hold. • Multiple work: On pullbacks to the mid-$300s, implied 2026E EV/EBITDA compresses to attractive territory vs luxury comps assuming consensus-style growth/margins investors should plug house estimates. ________________________________________ Scenarios & Targets • Bull ($700–$750) — Successful BEV introduction, backlog conversion, personalization >20% of sales, steady buybacks, and benign macro. • Base ($580–$620) — Order book carries revenues; margins hold with disciplined volumes; EV ramps without profit drag. • Bear ($350–$400) — Wealth shock or EV stumble; cancellations rise, mix weakens; tariff/FX pressure re-rates the multiple. Risk case consistent with technical $330s correction. ________________________________________ Entry & Risk Management Plan • Where to buy: Scale in $360–$380; add aggressively $330–$360 35% measured-move zone. • Sizing: For a diversified HNWI book, a core 1.5–3.0% NAV position, with room to add +100–150 bps on capitulation into the $330s. • Stops/hedges: Soft stop on a decisive weekly break <$320; hedge via short auto-luxury basket or long USD if EUR strength risks translation. • Time horizon: 18–30 months through 2026 catalysts. ________________________________________ Near-Term Catalyst Timetable rolling 12–18 months • Oct 2025–1H 2026: First Ferrari BEV unveil → initial deliveries watch order intake, waitlist depth, option take-rate, margin commentary. • Ongoing 2025–26: Buyback tranches; monitor IR posts for pace/size. • Quarterlies/Capital Markets updates 2025–26: Mix/personalization trajectory; backlog commentary; Purosangue allocation discipline.
NYSE:RACELong
by ProjectSyndicate
10
USDCAD – Potential Short Setup After Retest of Supply ZoneAfter a strong bearish impulse, the price has retraced back toward a previously broken structure that now aligns with a supply zone (highlighted in purple). This area has acted as a strong support in the past and could now serve as resistance after the recent breakdown. Currently, the market is showing a corrective move to the upside, likely to mitigate orders before the next bearish leg. If price shows rejection signs such as bearish engulfing or lower-timeframe structure shift within this purple zone, I’ll be looking for short opportunities. Trade Plan: 🔹 Entry: After confirmation of rejection within the purple zone 🔹 Stop Loss: Above the zone’s upper boundary or recent swing high 🔹 Take Profit 1: near 1.3986 🔹 Take Profit 2: Extension toward 1.3964 Bias: 📉 Bearish continuation after corrective pullback to the supply zone. Market Logic: The bearish momentum remains dominant, and the corrective structure suggests distribution before continuation. I’ll wait for confirmation before executing the short position.
Short
by Goldminer10
Zoom Out !Again, don't freak out, it's healthy that gold pulls back! There were 6 or 7 weeks straight of green gold! Expansion levels do suggest $5000! Could be a wick from above these highs, could consolidate above and wick to 5250-5400! A lotta stocks tend to move off, thru, and back down through the last leg of the Fib so... Who knows !? However, considering were reacting off these expansion levels, it's "what I'm trading for now..." If all goes to plan, do believe this will be some kinda "left shoulder" in a head and shoulder's "grand" pattern. Expect some kinda retest of the high level area, saw a trend, so marked it, and it's confluent. It lines up with the 100 day SMA and @ resistance from that first drop at 4253-4260ish... I am expecting a wick into it! Also, a retest of the actual candles of the highs, would nullify it and make me target highs of the lows instead of lower low's! Right @ here makes for a 0.318 retracement of this leg while the 0.64 is @ the 3860 mark! The 4hr. 200day SMA is there now and the 50Day on the daily would seem to perfectly touch there as well shortly after so, several confluences support a healthy retracement, huge wick from 4000 shows buying pressure, the 4050 target was a success, I am long now til the 4255 target, and then planning to short to 3865, depending upon PA and the chart!
OANDA:XAUUSDLong
by PlanBillions