Get started

Harmonic Patterns

EURUSD Trendline Break - Bearish BiasHello Traders! 👋 What’s your outlook on EURUSD? EURUSD showed a sharp reaction after testing a key resistance area and has since moved into a correction. The pair has breached its short-term upward trendline, indicating a possible change in structure and a loss of bullish strength. We anticipate price to retrace toward the previously broken trendline or nearby supply zone. This region may act as a cap, where price could pause and show bearish rejection. Once the retracement is complete, the favored scenario is a continuation to the downside. As long as price stays below the former trendline and resistance area, bearish momentum is likely to remain in control. Don’t forget to like the idea and share your views in the comments! ❤️
Short
by SmartEdgeTrading
Breakout Candles Decoded a Complete AnatomyHello traders, This is mine first educational idea of 2026, and I wanted to start the year by sharing a concept that looks simple on charts but is deeply misunderstood in real trading and why every breakout is meant to be chased some are meant to be trusted, some avoided, and some waited upon and why Some Breakouts Fly and others fail? Let's decode that! So most traders focus on whether a breakout happened. Professional traders focus on how the breakout happened ? In this publication we’ll break down three very common breakout candle behaviors near resistance, what they actually indicate, and how you can align your entries with probability instead of emotion. First, a Quick Truth About Breakouts-: A horizontal resistance level is not broken by price alone. It is broken by acceptance. Acceptance means? * Price spends time above the level * Market participants agree on higher value * Pullbacks hold above the level With that in mind, let’s decode the candles! Type 1: The Ideal / Balanced Breakout Candle Structure-: Breaks above resistance Candle body is clean and balanced Close is comfortably above the level No extreme extension What it tells us? This is a sign of healthy participation, not panic buying. Buyers are stepping in gradually, allowing price to build acceptance above resistance. High probability outcome-: Continuation without deep pullback Why this works? Late sellers get trapped, No urgency from buyers (no FOMO), Institutions are comfortable holding above the level and This is the breakout most traders should look to trade. Type 2: Weak Breakout / Overlapping Candle (Fakeout Zone) Structure: Price crosses resistance but struggles Candle overlaps the level heavily Wicks on both sides Close is near the level, not above it What it tells us? This shows indecision and lack of acceptance and The market tested higher prices but failed to attract enough commitment. High probability outcome-: False breakout (fakeout) Range continuation or reversal Why this fails? Buyers lack conviction, Sellers are still active at resistance, Breakout traders get trapped quickly and The best trade here is often NO trade here. Type 3: Powerful Impulsive Breakout Candle (Retest Candidate) Structure: Large, wide-range candle Strong momentum through resistance Little to no overlap with the level Often accompanied by volume expansion What it tells us? This is a momentum breakout, driven by urgency. Stops get triggered, breakout traders pile in, and price moves fast and the common mistake most traders chase this candle. High probability outcome-: Pullback / retest of the breakout level Re-accumulation before continuation Why retests happen? Early buyers book partial profits, Late buyers get trapped, Smart money looks for cheaper re-entry and The best trade is usually on the retest, not the breakout candle itself. The Key Insight (Most Important Part) The strongest-looking breakout candle is not always the best entry. Moderate, well-accepted breakouts- smooth continuation Weak breakouts- fakeouts Very strong breakouts- retests first Understanding this single idea can: Reduce FOMO trades Improve entry timing Improve risk–reward dramatically When Trade? acceptance breakouts immediately. When Avoid? overlapping breakouts. When Wait for? retest after impulsive breakouts. Final Thoughts-:Charts speak a language, Candles are words and structure is the grammar. Once you stop chasing every breakout and start reading the story behind the candle, your trading automatically becomes calmer, cleaner, and more consistent. Hope this idea added value to your trading. Wishing you all clarity, discipline, and consistency in the markets ahead. Happy Trading Regards- Amit.
NASDAQ:TSLAEducation
by AMIT-RAJAN
1
XAUUSD – Elliott ABC in playQuick summary Timeframe: Daily (D1) Elliott view: Price is likely developing an ABC corrective structure after a strong rally Strategy: Sell the B-wave pullback into supply, buy only when price returns to strong liquidity Context: Precious metals started 2026 strong, but short-term volatility and re-accumulation swings are still expected Fundamental backdrop (supports the bigger trend) Gold and silver opened 2026 with strong momentum, extending the best run since the late 1970s. Goldman Sachs remains bullish on precious metals and continues to highlight an aggressive long-term target (around $4,900 for gold). Lana’s key point: the long-term bull cycle can remain intact, but the market still needs healthy corrections to reset liquidity and build new structure. Technical view (D1) – Elliott ABC structure On the Daily chart, after the powerful top, gold dropped sharply, forming a clean Wave A. The current structure suggests: Wave B: a corrective rebound into resistance/supply Wave C: a potential move back down into liquidity zones before the next major direction is confirmed This ABC lens helps avoid getting trapped when the news looks bullish, but price is still in a corrective phase. Key levels from the chart 1) Sell zone (B-wave supply) Sell: 4435 – 4440 This zone aligns with marked resistance and a Fibonacci pullback cluster (0.236 / 0.382). If price retraces here and shows rejection, it’s a strong area to look for B-wave selling pressure. 2) Buy zone (major liquidity – potential C-wave completion) Buy Liquidity: 4196 – 4200 This is the strongest liquidity area on the chart. If Wave C plays out, will look for buying opportunities here with clearer risk control. 3) Deeper accumulation liquidity Accumulate liquidity: the lower accumulation area highlighted on the chart If the market sweeps deeper than expected, this is the region where longer-term buyers may step in. Trading plan Primary idea: Sell rallies into 4435–4440 if price shows weakness (B-wave rejection). Primary buy plan: Wait for price to revisit 4196–4200 and confirm support (liquidity absorption). If price breaks and holds above the sell zone, stops selling and waits for a new structure to form. Note on early-year behavior The first weeks of the year often bring “messy” moves as liquidity returns and positioning resets. will only trade at planned zones and avoid entries in the middle of the range.
OANDA:XAUUSDShort
by Zeeshan_Imad
1
RAY RAY 'cause one day you gonna be right'RAY kinda fizzled after hitting stride. It certainly produced some decent gains, close to BTC or a bit more even at times. ie. if you had of timed a decent exit. Showing strength here. Trick with this one is to get out in time. Its very volatile and moves down as fast if not faster than up! With that volatility and popularity comes risk and potential reward. Does a lot of swap volume on SOL. consistently. shovels and all that. threw a few red lines on this bad boy for good measure. gl
CRYPTO:RAYUSDLong
by Crypto-Quantum-Fox
NEXT WEEK GBPUSD TRADE SATUP READ CAPTION Entry Layer (Purple Zone ~1.3457) This is the sell entry zone. Price is expected to: Retrace upward Tap into the FVG / liquidity Show rejection (small pullbacks drawn in zig-zag) Traders sell here expecting a move down Stop Trade Area (Red Zone ~1.3480) This is the stop-loss zone. If price moves above this area: The setup is invalid Buyers are still in control That’s why it’s labeled STOP TRADE AREA. Targets (Profit Zones) 🎯 Target Point First (~1.3440) Conservative take-profit Partial profits or risk-free zone 🎯 Target Point 2 (~1.3420) Next liquidity area Strong continuation target 🎯 Last Target Point (~1.3404) Major liquidity / weak swing low Where stop-losses from buyers sit Final profit objective
Short
by Ghusy_jan
#CVX/USDT : Long-Term Breakout Signals Massive Upside Potentia#CVX The price is moving in a descending channel on the 1-hour timeframe and is expected to break out and continue upwards. We have a trend to stabilize above the 100-period moving average again. We have a downtrend on the RSI indicator, which supports an upward move if it breaks above it. We have a key support zone in green that pushed the price higher at 1.81. Entry price: 1.88 First target: 1.92 Second target: 2.00 Third target: 2.088 For risk management, don't forget your stop-loss and capital management. The stop-loss is below the support zone in green. Upon reaching the first target, take some profit and then change your stop-loss order to an entry order. For any questions, please comment. Thank you.
Long
by CryptoAnalystSignal
SPX/USDT - Reversal Signal After Descending Trendline PressureSPX6900 has been moving in a clear downtrend structure, characterized by consistent Lower Highs (LH) and Lower Lows (LL). The descending trendline has been acting as strong dynamic resistance since the price peaked around the 1.6 USDT area. Currently, price has reached a major demand zone (support area) around 0.45 – 0.55 USDT, highlighted by the yellow box on the chart. This zone has historically triggered strong buying reactions. Most importantly, recent candles show a bullish reaction and an attempt to break above the descending trendline, signaling potential momentum exhaustion on the bearish side. --- 📐 Pattern Explanation 1. Descending Trendline (Bearish Market Structure) Price has been trading below the descending trendline for an extended period. Every bullish attempt was rejected at the trendline, confirming seller dominance. 2. Strong Demand / Accumulation Zone The 0.45 – 0.55 USDT area acts as a key support level. Multiple rejections from this zone indicate accumulation by buyers. 3. Early Trendline Break Attempt Price is attempting to break the descending trendline. A daily close above the trendline is required for valid confirmation of a trend shift. --- 📈 Bullish Scenario If price: Closes above the descending trendline Holds above the 0.55 – 0.60 USDT support area Then bullish continuation becomes likely, with upside targets: 🎯 Bullish Targets (Resistance Levels): 0.725 USDT 0.925 USDT 1.00 – 1.125 USDT 1.35 USDT 1.50 – 1.60 USDT (major resistance zone) 📌 This scenario will be strengthened by increasing volume and the formation of Higher Lows (HL). --- 📉 Bearish Scenario The bearish scenario remains valid if: Price fails to hold above 0.55 USDT Strong rejection occurs at the descending trendline ⚠️ Downside risks: Retest of the 0.45 USDT support Breakdown below demand may push price toward 0.40 – 0.36 USDT 📌 A clean breakdown below the demand zone would invalidate the reversal scenario and confirm bearish continuation. --- 🧠 Key Takeaway SPX6900 is currently trading at a critical decision zone: Major demand area Descending trendline breakout attempt Price is deciding between: 👉 A bullish reversal and trend change or 👉 Continuation of the broader bearish trend Daily candle confirmation is crucial. --- #SPX6900 #SPX6900USDT #CryptoTechnicalAnalysis #AltcoinAnalysis #DailyChart #TrendlineBreak #DescendingTrend #DemandZone #SupportResistance #BullishScenario #BearishScenario #PriceAction #CryptoTrading
Long
by CryptoNuclear
KAS/USDT at a Critical Point — Break or Bearish Continuation?On the 1D timeframe, KAS/USDT is still moving within a clear bearish trend structure since the peak around 0.118–0.115. Price continues to form lower highs and lower lows, confirmed by a well-respected descending trendline (yellow line) acting as a major dynamic resistance. Currently, price is trading around 0.049–0.050, attempting to form a minor higher low after bouncing from the demand / swing low area at 0.036–0.038. --- Market Structure & Technical Pattern Primary Trend: Bearish (Lower High – Lower Low) Main Pattern: Descending Trendline / Bearish Structure → Indicates sustained selling pressure since August. Recent Price Action: A technical rebound / dead cat bounce is in progress, but there is no confirmed trend reversal yet. Key Support & Resistance Levels: Strong resistances: 0.0585 – 0.0646 – 0.0705 – 0.0815 Major supply zone: 0.0899 – 0.105 – 0.114 Important supports: 0.0490 – 0.0430 Critical support (range low): 0.0360 --- Bullish Scenario (Reversal / Recovery Setup) The bullish scenario becomes valid only if price breaks and closes decisively above the descending trendline. Bullish Confirmation: Breakout and daily close above the trendline Bullish continuation candle Ideally supported by increasing volume Upside Targets: 🎯 0.0585 (nearest resistance) 🎯 0.0646 🎯 0.0705 🎯 0.0815 (key level for medium-term trend reversal confirmation) A sustained hold above 0.0815 would invalidate the current daily bearish structure and open the door for a medium-term bullish reversal. --- Bearish Scenario (Rejection / Downtrend Continuation) If price fails to break the trendline and forms a clear rejection or bearish engulfing pattern, this would signal the formation of a new lower high. Bearish Confirmation: Strong rejection at the trendline Daily close back below 0.049 Breakdown of minor structure Downside Targets: 🔻 0.0430 🔻 0.0390 🔻 0.0360 (major demand & key swing low) A clean breakdown below 0.0360 would increase the risk of further downside continuation. --- Conclusion KAS/USDT is currently trading in a critical decision zone, positioned between a potential early reversal and continued bearish momentum. The descending trendline remains the key level to watch. ➡️ Not bullish until a confirmed breakout occurs. ➡️ Bearish risks remain as long as price stays below the trendline. Waiting for a clear price reaction around the trendline is strongly recommended before making major trading decisions. --- #KAS #KASUSDT #Kaspa #CryptoAnalysis #TechnicalAnalysis #PriceAction #Downtrend #Trendline #SupportResistance #DailyChart #Altcoin #BearishMarket #PotentialReversal
Long
by CryptoNuclear
POND/USDT - Trendline Still in Control, Will Support Hold?On the daily timeframe, POND/USDT remains in a clear bearish trend. Price continues to form lower highs and lower lows, while trading below a well-respected descending trendline that has been tested multiple times and has not yet been broken. Currently, price is positioned below the trendline, near a historical support zone, which may act as an important reaction area (decision zone). --- Structure & Technical Patterns 1. Descending Trendline (Bearish Structure) The yellow line represents a medium-term descending trendline Every pullback has been rejected at the trendline → sellers remain in control As long as price stays below this trendline, the primary bias remains bearish 2. Bearish Range Continuation Price is declining gradually with small consolidation phases This suggests slow distribution, not panic selling Such a structure often leads to further breakdowns if key support fails --- Key Support & Resistance Levels Key Support 0.00428 → minor support / current reaction area 0.00404 – 0.00365 → major support & range low, a critical buyer zone Failure to hold this area may result in a new lower low Key Resistance 0.00468 – 0.00500 → near-term resistance / pullback zone 0.00580 → strong resistance (previous structure level) 0.00753 – 0.00826 – 0.00887 → major supply zone & former distribution area The descending trendline acts as the main dynamic resistance --- Bullish Scenario 📈 This scenario becomes valid if: Price holds firmly above 0.00404 – 0.00428 A daily close breaks above the descending trendline A higher low forms, supported by increasing volume Bullish Targets (Step-by-Step): 0.00500 0.00580 0.00753 0.00826 – 0.00887 (extended target if a strong reversal develops) 📌 Meaning: A trendline break combined with a reclaim of 0.00580 would signal an early trend shift from bearish to neutral–bullish. --- Bearish Scenario 📉 This scenario remains dominant if: Price fails to break the descending trendline Support at 0.00404 – 0.00365 breaks down There is no meaningful buying reaction Bearish Targets: 0.00365 Potential continuation toward lower support levels (price discovery) 📌 Meaning: A breakdown below major support would confirm bearish continuation and weak buying interest. --- Conclusion Primary trend: Bearish Price is currently at a critical decision zone Risk–reward may be attractive for speculative buys, but confirmation is mandatory Trendline breakout is the key bullish validation ⚠️ As long as price remains below the descending trendline, any upside move should be considered a pullback. --- #PONDUSDT #POND #CryptoAnalysis #TechnicalAnalysis #Downtrend #BearishMarket #SupportResistance #Trendline #Altcoin #PriceAction #CryptoTrading
Long
by CryptoNuclear
Market Update & Analysis: Great Lakes Dredge & Dock Corporation In the latest trading session, shares of Great Lakes Dredge & Dock Corporation (GLDD) demonstrated notable strength, closing up +1.07% at $13.26. This performance significantly outpaced the broader S&P 500 index, which posted a modest gain of 0.19% for the day. The stock's advance also contrasted with a mixed market backdrop, where the Dow Jones Industrial Average rose 0.66% while the technology-focused Nasdaq Composite edged slightly lower, losing 0.03%. This positive momentum extends beyond a single day. Heading into the session, GLDD shares had already accrued a gain of 1.78% over the past month. This monthly return is particularly impressive as it represents a substantial outperformance against both its immediate sector and the general market. Specifically, the stock has handily surpassed the Construction sector, which declined 2.51% over the same period, and the S&P 500, which advanced a more subdued 0.54%. All eyes are now turning to the company's forthcoming earnings announcement, which will be a critical catalyst for investor sentiment. Analysts are projecting quarterly earnings per share (EPS) of $0.23. If realized, this would represent a year-over-year decline of approximately 20.69%. However, this bottom-line contraction is expected to coincide with robust top-line growth. The consensus revenue estimate for the quarter stands at $219.45 million, indicating a healthy increase of 8.23% compared to the same period last year. This dichotomy suggests potential investments or cost pressures that may be masking underlying operational strength. Zooming out to the full fiscal year, the outlook becomes more decidedly positive. The current Zacks Consensus Estimates forecast annual EPS of $1.09 and revenue of $851.26 million. These figures imply meaningful year-over-year growth of +29.76% in earnings, with revenue expected to hold steady relative to the prior year. A key factor for investors to monitor is any recent revision to analyst forecasts. Such revisions are typically a direct reflection of evolving near-term business trends and management commentary. Upward revisions generally signal growing analyst confidence in the company's operational execution and future profit-generating capabilities. Empirical research has shown a strong correlation between positive estimate revisions and subsequent near-term stock price appreciation. This relationship is the foundation of the proprietary Zacks Rank system. The Zacks Rank is a quantitative model that systematically incorporates these estimate changes to provide a actionable rating for each stock, ranging from #1 (Strong Buy) to #5 (Strong Sell). Historically, stocks awarded a #1 (Strong Buy) rank have delivered exceptional results, boasting an average annual return of +25% since 1988. Notably, the consensus EPS estimate for GLDD has remained stable over the last 30 days, yet the company currently holds the coveted Zacks Rank of #1 (Strong Buy), underscoring a persistently favorable analyst view. From a valuation perspective, GLDD appears attractively priced. The stock currently trades at a Forward Price-to-Earnings (P/E) ratio of 12.04. This represents a significant discount to its industry peer group within the Building Products - Heavy Construction sector, which carries an average Forward P/E of 21.4. Furthermore, when accounting for growth, the stock's PEG (Price/Earnings to Growth) ratio is 1.0. This metric, which balances the P/E ratio against the expected earnings growth rate, suggests the stock is fairly valued based on its growth profile, especially when compared to the sector's average PEG ratio of 1.65. Technical Perspective & Strategy: From a chart analysis standpoint, GLDD has established a major support zone around the $11.00 level, which has historically acted as a floor for the stock during pullbacks. The recent price action, breaking above short-term resistance, suggests building bullish momentum. Given the combination of strong fundamental rankings, attractive valuation, and positive technical structure, a reasonable profit-taking target zone is identified around the $15.00 level. This target aligns with prior areas of technical resistance and would represent a compelling return from current levels, supported by the company's earnings growth trajectory. In summary, Great Lakes Dredge & Dock presents a compelling case based on its market-leading performance, strong analyst conviction as evidenced by its Zacks Rank, discounted valuation metrics, and a constructive technical setup with defined risk and reward parameters.
NASDAQ:GLDDLong
by KalaGhazi
BTCUSD 1H Structure, Key Levels and Price BehaviourBTCUSD on the 1H timeframe is showing a constructive price structure following a completed corrective phase. The recent pullback found support near the 86,500 region, where downside momentum slowed and price stabilised. From this base, the market recovered and reclaimed the 90,000 level, indicating a shift back toward bullish control. Price action above this area is now developing with higher highs and higher lows, suggesting improving short-term structure and trend alignment. The 90,000–89,800 zone acts as an important support area, previously functioning as resistance. As long as price holds above this region, the current structure remains intact. On the upside, the 91,000 area represents a near-term resistance where reactions may occur. Acceptance above this level would reflect continuation strength, while rejection would keep price rotating within the current range. Pullbacks into support should be evaluated in the context of overall structure rather than as standalone moves. Market focus remains on price behaviour around key levels and structural confirmation. Disclaimer: This analysis is for educational and informational purposes only. It does not constitute investment advice or a trading recommendation. Financial markets involve risk, and outcomes are uncertain.
OANDA:BTCUSDLong
by SwingTrade_Concept
FTNS Reaching a Potential Historic Bottom — Opportunity with StrSure, here’s the translation for you: Fitness Prime (FTNS) Stock Analysis Currently, the stock seems to have reached its historical bottom, and it’s expected not to revisit this level for at least the next two years. This could be a good opportunity to adjust your average cost. However, it’s important to keep risk management in mind, especially given the presence of negative news that may impact the stock’s performance. Important Note: This is not financial advice; it is purely a technical analysis.
EGX:FTNS
by MahmoudAty