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Harmonic Patterns

SAP Approaches a Key Weekly Support Area Worth WatchingSAP remains a core European enterprise software name, with its AI-driven cloud transition back in focus. Technically, price has arrived at a level I’ve been waiting for for quite some time. The strongest area on the current chart for a mid- to long-term investor to keep an eye on sits roughly between €180 and €206. Why is this zone so important? Because multiple technical criteria align in this area in a clean and compact way. Criteria inside the highlighted box: 1. Channel projections — both larger and smaller structures. 2. Equal waves. 3. Fibonacci retracement (38.2%) — in strong long-term trends, these levels often act as key reaction zones. 4. Round number €200 — psychological levels matter, especially for long-term positioning. 5. Previous highs — the pause in early 2024 now starts to offer liquidity that can act as support. 6. Weekly EMA 200 — last, but definitely not least. From a purely technical perspective, initiating a mid- to long-term position from this zone would not be a mistake. This clears the first filter — technical structure. From here, fundamentals and your own thesis should take over. My role is to make sure you don’t make technical mistakes , and at current levels,you don't. If this was helpful, feel free to hit the LIKE / Boost button. See you soon. Cheers, Vaido
XETR:SAP
by VaidoVeek
xagusd set to pullbackas per last idea we achieved our target to complete the larger time frame bat at the .886 retrace. things are setting up for a consolidation pullback between the .886 retrace and the 1.13 extension. (looks like we pulled back immediately off the .886, but given the excitement I wouldn't be surprised to see a push higher into the reversal zone. a close on the 1 hour over the 1.13 would negate the trade otherwise looking for a pullback to at least the .382 retrace.
CAPITALCOM:SILVERShort
by sodapop4d
Is This the Base for a Trend Reversal or Just a Temporary Pause?📊 MARKET STRUCTURE & PRICE ACTION OVERVIEW Hello traders! Here’s a clean technical breakdown of EURUSD (1H) based on the current chart structure. EURUSD has been trading within a broader bearish structure, marked by consistent lower highs and lower lows. After a sustained sell-side move, price reached a key reaction area and printed a sharp bullish impulse, signaling short-term buyer participation and the formation of a potential pivot low. Following this rebound, the market failed to sustain bullish momentum and rolled back into a corrective pullback, respecting prior structure levels. This behavior reflects a market still under bearish pressure, but now transitioning into a critical evaluation phase near demand. 🟦 SUPPLY & DEMAND – KEY ZONES Primary Demand (Support Zone): The 1.1665–1.1670 area is a well-defined demand zone, where strong buying previously entered and halted the sell-off. This zone represents institutional interest and is the key level preventing further downside. Intermediate Resistance: The 1.1700 level acts as a short-term structure barrier. Price rejection here confirms that sellers are still defending lower highs. Major Supply Zones: Overhead supply remains layered at: 1.1745–1.1760 (previous consolidation and EMA alignment) 1.1780–1.1790 (higher-timeframe supply and distribution zone) These zones define the path price must reclaim to confirm a broader bullish shift. 🎯 CURRENT MARKET POSITION Currently, EURUSD is trading just above the primary demand zone, placing price at a high-importance decision area. This is where the market will determine whether recent selling pressure is exhaustion-driven or simply a pause before continuation. The proximity to demand suggests risk is becoming asymmetric, with sellers needing a clean breakdown to regain momentum. 🧠 MY SCENARIO As long as EURUSD holds above the 1.1665 demand zone, the current price action can be treated as a corrective base-building phase, with potential for a push back toward 1.1700, followed by a retest of the 1.1745–1.1760 supply zone. Acceptance above that area would be the first signal of a meaningful trend shift. However, a decisive hourly close below 1.1665 would confirm bearish continuation, opening the door for further downside expansion beyond the current structure. For now, price is testing demand, not breaking structure. ⚠️ RISK NOTE This is a critical inflection point. Let price confirm direction at demand, avoid early bias, and always manage your risk.
Long
by Raphael_TraderGOLD
USDJPY SHORT1. The market has shown strong resistance at a zone which is a 4h OB 2. Yesterday's daily high buyside liquidity has been swept implying that the market may go for the daily sellside liquidity of Monday or Tuesday 3. 15min CHOCH after the liquidity sweep as the Markey dropped aggressively by forming big bearish candles 4. Wait for a retracement to the premium zone and the 4H candle open will act as my entry 😉 ENTRY: 156.595 SL: 156.750 (13.5 pips) TP: 156.110 (48.5 pips) RR: 1:3.59
by wycmarkets
XAU/USD Technical Breakdown: The Path to $4,520Gold continues to trade within a textbook Ascending Channel, maintaining a strong bullish bias as it carves out a series of higher highs and higher lows. After a sharp recovery from the $4,320 liquidity pool, price action has stabilized above the mid-channel equilibrium, signaling that buyers remain in control. Current Market Structure The pair is currently challenging the immediate resistance near $4,465. Momentum oscillators and price action suggest a high probability of a final impulsive leg to complete the channel extension. The primary focus is the Target Zone ($4,510 – $4,520), which aligns with the upper ascending trendline and a historical psychological ceiling. Key Technical Scenarios The Bullish Expansion (Primary Path): Following the red projection on your chart, XAU/USD is expected to continue its climb toward the $4,520 Target. This move represents a test of the channel's "Overbought" territory. The Rejection & Correction: Upon hitting the $4,520 supply zone, the market is likely to face a sharp rejection. As indicated by your drawing, a failure to break above the channel would trigger a mean-reversion move. The first major support for this pullback lies at $4,489 (prior resistance turned support), followed by the lower channel boundary. Support Cluster: In the event of an early dip, the $4,437 level remains the critical "Line in the Sand." As long as Gold holds above this pivot, the broader uptrend remains structurally sound. Trading Strategy & Risk The current R/R (Risk/Reward) profile favors waiting for the target hit before looking for short-term reversal plays. Traders should watch for rejection candles (long upper wicks) or a bearish engulfing pattern at the $4,510 – $4,520 area to confirm the correction phase. Key Levels to Watch: Resistance: $4,489 | $4,515 | $4,520 (Target) Support: $4,465 | $4,437 | $4,406
OANDA:XAUUSDLong
by Mathew_TraderGold
4
#ALICE/USDT – Potential Trend Reversal After Long Accumulation#ALICE The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected. We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected. There is a key support zone in green at 0.1724. The price has bounced from this zone multiple times and is expected to bounce again. We have a trend towards consolidation above the 100-period moving average, as we are moving close to it, which supports the upward movement. Entry price: 0.1807 First target: 0.1807 Second target: 0.1861 Third target: 0.1924 Don't forget a simple principle: money management. Place your stop-loss order below the support zone in green. For any questions, please leave a comment. Thank you.
Long
by CryptoAnalystSignal
2
Dow Jones (US30) trades to a new all-time high of 49,266; dips tImpulsive buying pressure from the swing low of 47,875 has resulted in the previous resistance level of 48,870 being broken. The index has posted a new all-time high of 49,266 We have witnessed a mild profit-taking correction overnight. The next upside target is the 261.8% extension level at 49,470. This could be seen as the completion of a bullish Elliott Wave count (5 waves). On the downside, previous resistance now becomes support at 48,870. We have a solid confluence zone between 48,470 and 48,450. Conclusion: We expect dips to find buyers from current levels.
OANDA:US30USDLong
by IanColeman
XAUUSD TRADE SATUP READ CAPTION ENTER LAYER (Purple Zone ~ 4465–4471) This is the sell entry zone. It represents: Previous resistance A liquidity grab / rejection area The zig-zag line shows expected price behavior: Price may retest the zone Show rejection STOP TRADE AREA (Red Zone ~ 4493) This is the stop-loss area. If price breaks and holds above this zone, the sell idea is invalid. Meaning: bullish continuation wins, bearish setup fails. Target Point 1st (~4440) First support Conservative target Often used to secure partial profits 🎯 Target Point 2nd (~4415–4420) Stronger demand/support zone Price may pause or bounce here 🎯 Last Target Point (~4385) Major support level Full trend pullback target Where buyers are expected to step in strongly
TVC:GOLDShort
by Ghusy_jan
#Nifty Directions and Levels for Jan 6Good morning, friends! 🌞 Market Directions and Levels for Jan 6 There have been no major changes in the local or global markets. Both the global and Indian markets are showing a bullish outlook. Today, the market may open with a neutral start, as GIFT Nifty is trading about 65 points higher. What to Expect Today? > In the previous session, both Nifty and Bank Nifty declined even though they opened positively. If we analyze the chart, the market has taken a 61% retracement of the minor swing. This lies in the mid-range of the swing; therefore, today’s market may undergo consolidation within the previous day’s range. > We can expect a clear directional move only if the market breaks either the current swing high or the swing low. Until then, the market bias remains neutral.
NSE:NIFTY
by Manickamtraders
1
Could we see a reversal from here?Swissie (USD/CHF) is falling towards the pivot, which acts as a pullback support and could bounce to the 1st resistance. Pivot: 0.7892 1st Support: 0.7859 1st Resistance: 0.7967 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
Long
by IC Markets
INTC — Price–Time Confluence & Structural TransitionThis chart presents INTC through a price–time confluence framework, focusing on how price interacts with dynamic targets, evolving trend structure, and momentum rather than fixed directional forecasts. Structural Context: Price spent a prolonged period in a declining phase, producing lower highs and sustained downside pressure. A base began forming as downside momentum weakened and price stabilized near the lower portion of the broader channel. Recent candles show a clear transition from contraction to expansion, with price accelerating away from prior compression zones. Target Interaction: Downside targets were completed during the decline, followed by activation and confirmation of upside targets. Multiple recent target hits occurred through sustained interaction, not single-candle spikes, suggesting constructive participation. Price is currently operating above recently validated targets, indicating structural follow-through. Trend & Baseline Behavior: Price has reclaimed its median baseline after an extended period below it. The baseline has turned upward, reflecting improving trend conditions rather than reactive movement. The broader channel remains intact, placing current price within a structured advance rather than unbounded extension. Momentum Context: Momentum has transitioned from deeply compressed levels into expansion. A projected cross highlights a potential momentum rotation window, often associated with consolidation or controlled pullbacks rather than trend failure. Momentum remains elevated relative to prior lows, supporting the broader structural improvement. Forward-Looking Context (Non-Predictive): As long as price continues to respect the rising baseline and prior target zones, the developing structure remains intact. Loss of reclaimed structure would shift focus back toward consolidation within the broader channel. This chart is designed to illustrate price behavior, time alignment, and momentum transitions, not to predict outcomes. All levels shown are dynamic reference zones that evolve with price.
NASDAQ:INTC
by Dinjin
SLNH | DailyNASDAQ:SLNH — Bullish Alternate Scenario📈 Quantum Model Projection | Technical Update Soluna has appreciated by 68.5%, marking an outstanding rally to start the year.✨Happy New Year! The projected advance of Minor Wave 5 is now underway—potentially unfolding as an impulsive sequence, with a Q-Target ➤ $8.88 💫 generated by the resistance Q-Structures λ₂ and λ₃ . Notably, projected extensions across the mining sector continue to align with my broader bullish outlook on BTC , specifically the ongoing Primary Wave ⓹ within the impulsive Wave III sequence of the second Cycle. 🔖 This outlook is derived from insights within my Quantum Models framework. #CryptoStocks NASDAQ:SLNH #Crypto
NASDAQ:SLNHLong
by ElliottChart
DNN — Price–Time Confluence & Breakout ReactionThis chart views DNN through a price–time confluence framework, focusing on how price interacts with dynamic targets, trend structure, and momentum during an expansion phase rather than attempting to forecast outcomes. Structural Context: Price has been trading within a rising channel, maintaining higher lows while oscillating around the median of the structure. A pullback toward the lower half of the channel resolved with higher-low formation rather than structural breakdown. Recent candles show a sharp expansion away from the median, pushing price toward the upper region of the channel. Target Interaction: Downside targets were completed during the pullback, followed by the activation and confirmation of upside targets. Recent upside targets were reached through sustained interaction, not single-candle wicks, indicating organized participation. Current price is operating above recently validated targets, a condition often associated with continuation or digestion rather than immediate failure. Trend & Baseline Behavior: Price has reclaimed and extended above the rising median baseline, which continues to act as dynamic support. The curvature of the baseline reflects acceleration following consolidation. The broader channel remains intact, framing the move as expansion within structure rather than exhaustion. Momentum Context: Momentum expanded during the breakout phase and has begun to moderate. The projected cross highlights a potential momentum rotation window, commonly associated with consolidation or range development after expansion. Momentum remains elevated relative to prior cycle lows, supporting the broader structural improvement. Forward-Looking Context (Non-Predictive): As long as price continues to respect the rising baseline and prior target zones, the current structure remains intact. Failure to hold reclaimed levels would shift focus back toward consolidation within the channel. This chart is intended to visualize how price, time, and momentum interact during breakout and expansion phases, not to predict future price movement. All levels shown are dynamic reference zones that evolve with price.
AMEX:DNN
by Dinjin