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Harmonic Patterns

GOLD GOES " ̶T̶R̶I̶P̶L̶E̶ ̶V̶O̶D̶K̶A̶" TRIPLE TOP PATTERNGold has recently exhibited strong technical momentum, rebounding from its $3,900 support and surpassing the 50-day moving average, which marks a bullish reversal after a late-October dip. Immediate support is at $4100 per ounce. The Relative Strength Index (RSI) is rising, confirming buyers have regained control in the short-term and signaling the possibility for further upside. BUY THE DIP SCENARIO Current trading strategies suggest buying near support and targeting resistance upward, demonstrating an underlying “buy on dips” scenario as gold consolidates above $4100. WHAT IS " ̶T̶R̶I̶P̶L̶E̶ ̶V̶O̶D̶K̶A̶" TRIPLE TOP PATTERN The triple top pattern is a bearish reversal technical chart pattern signaling the potential end of an uptrend and the beginning of a downtrend. It forms after an asset price hits the same resistance level three times but fails to break above it, creating three distinct peaks at roughly the same price level. Between these peaks are pullbacks or troughs, forming support levels. The pattern is confirmed only when the price breaks below the support (neckline) formed by these troughs. The psychology behind this pattern shows weakening buying power as the price fails to surpass the resistance level on three attempts. Each peak typically has declining volume, reflecting decreased buying enthusiasm. After the third peak, sellers could gain control, and the price could falls below support with increased volume, confirming the reversal. CONCLUSION Traders use the triple top to anticipate the exhaustion of bullish momentum, signaling caution and opportunities to enter short positions or exit longs. The pattern reflects supply overwhelming demand after repeated failed rallies, indicating a shift from bullish to bearish sentiment. It is considered a reliable indicator after a sustained uptrend and is used with risk management strategies to navigate market turns effectively. TECHNICAL SUMMARY Just simply take a look at history of Gold. It says: " ̶T̶R̶I̶P̶L̶E̶ ̶V̶O̶D̶K̶A̶" TRIPLE TOP. -- Best wishes, @PandorraResearch Team
FOREXCOM:XAUUSD
by PandorraResearch
Bearish reversal off Fib onfluence?EUR/JPY is rising toward the pivot, which aligns with the 127.2% Fibonacci extension, as well as the 100% and 61.8% Fibonacci projections. A potential reversal could occur from this level toward the 1st support level. Pivot: 179.74 1st Support: 18.65 1st Resistance: 180.73 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
AUDUSD H1 | Bullish Bounce off Key SupportMomentum: Bullish Price is currently the ichimoku cloud. Buy entry: 0.6515 - Strong overlap support Stop Loss: 0.6488 - Overlap support Take Profit: 0.6559 - Overlap resistance Stratos Markets Limited (tradu.com/uk ), Stratos Europe Ltd (tradu.com/eu ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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/en ): Losses can exceed deposits.
Long
by Tradu
Potential bearish drop?WTI Oil (XTI/USD) could rise towards the pivot and could reverse to the 1st support which acts as a swing low support. Pivot: 60.07 1st Support: 56.77 1st Resistance: 61.63 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.
ICMARKETS:XTIUSDShort
by IC Markets
NZDCAD | H1 Supply Zone SetupPrice is currently retracing after a strong bearish impulse. The structure shows a potential move toward the 0.79800 - 0.79900 supply zone, where we could anticipate a bearish reaction. Market Structure: After the break below the previous base (B), price is forming higher lows on lower timeframes, hinting at a corrective phase before continuation. Supply Zone: The highlighted area represents an H1 supply zone formed after an imbalance and a strong bearish displacement. This is a potential point of interest for confirmation-based shorts. Execution Plan: Wait for price to tap into the supply zone, then drop to M15 or M5 to look for confirmation entries ideally a break of structure (BOS) or lower high formation before entering. Key Reminder: Patience is critical here. Avoid early entries before confirmation, as price could induce liquidity above the previous highs before the actual move begins. #NZDCAD #SmartMoneyConcepts #SupplyAndDemand #ForexSetup #TradingView #MarketStructure #SwingTrading #PriceAction
by Jabu_Souls07
Dogecoin (DOGE) Forms Potential Three Drives PatternDogecoin price action is currently forming a potential three drives pattern, with price finding repeated resistance around the $0.18 region. This level continues to cap upside momentum, suggesting that the market may need to establish one more leg lower before a sustainable reversal can occur. - Pattern Development: The three drives formation is in progress, requiring a third swing to confirm structure. - Key Levels: As long as DOGE remains below $0.18, a retest of $0.14 support is likely to complete the pattern. - Reversal Setup: A confirmed third drive at $0.14 could trigger a bullish rotation back toward upper range resistance. From both a technical and structural perspective, Dogecoin is in the development phase of a reversal pattern that could shift short-term momentum once finalized. Further consolidation and a controlled move into the $0.14 zone would solidify this setup before any upside expansion materializes.
Long
by The_Alchemist_Trader_
BUY NOW Trade Signal Asset: XAUUSD (Gold) Timeframe:4H Direction:Long (Buy) Entry Zone:4,215.338 - 4,230.00 Take Profit (TP): 4,314.333 Stop Loss (SL): 4,116.343 Hello traders, This is an analysis of XAUUSD on the 4-hour timeframe. After finding support in early November, Gold has shown strong bullish momentum, breaking through several resistance levels. The price is currently consolidating inside the "Entry Buy Zone" marked on the chart, suggesting a potential continuation of the uptrend. The Setup: We are looking for a Long position, anticipating the bullish trend will continue. The Entry Zone** is identified around 4,215.338. Price is currently trading within this area, offering a potential entry. The top Loss is placed at 4,116.343, which is below the recent consolidation and support area, protecting the trade from a sharp reversal. The Take Profit target is set at 4,314.333, aiming for the next significant resistance level. This setup offers approximately a 1:1 risk/reward ratio Disclaimer:This is not financial advice. Trading involves significant risk. Always conduct your own analysis and manage your risk appropriately.
OANDA:XAUUSDLong
by ForexQueen6
$SOL Support Fortress – Breakout Brewing?BINANCE:SOLUSDT CRYPTOCAP:SOL Support Fortress – Breakout Brewing? Current trend: SOL's in a resilient base after volatility spike, clinging to 151.5 support amid broader alt weakness—bullish hammers forming, hinting at accumulation phase 🛡️. Hold support? Very likely; volume clusters below and RSI bounce from 30 scream buyer control. Breakout above resistance? Eyes on 178 clear for momentum shift—could trigger 8-10% rally if BTC cooperates 🚀. Dip risk? Capped at 148 if rejection lingers, but low downside conviction. Target: Initial 180 on flip; extended 190 with conviction. Indicators tracking: RSI for reversal pops, Volume delta on greens, and Fibonacci 61.8% retrace 📊. #SOLTrading #AltcoinBase #CryptoRebound
by AltcoinPiooners