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EURJPY: Two Potential Advanced Patterns Setting UpWe’ve got a pretty interesting situation developing on the EURJPY, where not just one, but two potential advanced pattern formations setting up simultaneously. Opportunities like this don’t happen often, and they’re a great example of how structure and symmetry can align to give traders multiple reasons to get involved in the market. Identifying the Dual Pattern Setup What makes this chart particularly exciting is that the two patterns overlap within the same price zone, creating a powerful confluence area. When multiple patterns or Fibonacci-based setups complete around the same levels, it increases the probability of that zone acting as a significant turning point. In the video, I’ll walk you through how to measure out each pattern step-by-step, showing you exactly where the completion points line up. The Takeaway Whether you’re an advanced pattern trader or simply looking to refine your technical analysis skills, this EURJPY setup is a great example of how disciplined pattern recognition can reveal high-probability opportunities. I wish you guys a great week of trading! Akil
Short
by Akil_Stokes
GER40 (DAX) Bulls in Control, But Overbought Signals Flash GER40 (DAX) Bulls in Control, But Overbought Signals Flash Technical Forecast: Asset: GER40 (DAX Index) Closing Price: 24,190.7 (as of 11th Oct 2025) USTC+4 Analysis Timeframe: Intraday (1H/4H) & Swing (D/W) 1. High-Level Market Structure & Context The GER40 maintains a robust bullish trend on higher timeframes, trading well above its key Daily and Weekly Moving Averages. However, the recent ascent has pushed the index into overbought territory on intraday charts, suggesting a potential for a short-term pullback or consolidation before the next leg higher. Geopolitical stability and ECB policy expectations remain key drivers. 2. Multi-Timeframe Technical Breakdown Primary Trend (Daily/Weekly): Bullish Elliott Wave: The index appears to be in a powerful Wave 3 impulse wave on the daily chart. A minor Wave 4 pullback is anticipated, which would be a healthy correction and a buying opportunity for the subsequent Wave 5. Ichimoku Cloud: The price is far above the Daily Cloud (Kumo), confirming the strong bullish trend. The Lagging Span (Chikou Span) is also well above the price action of 26 periods ago. Moving Averages: The Golden Cross (50 EMA > 200 EMA) is firmly intact on the daily chart, providing dynamic support. Short-Term Outlook (4H/1H): Caution - Overbought RSI Divergence: The 4H RSI is showing a clear bearish divergence, forming lower highs while price makes higher highs. This is a strong warning sign of weakening momentum and an impending pullback. Bollinger Bands: The price is riding the upper band on the 4H chart, a classic sign of an overextended move. Wyckoff Theory: The market shows signs of a potential upthrust or a bull trap formation near the 24,250 resistance. A failure to hold gains here could lead to a reaction back to the support zone. 3. Key Price Levels & Patterns Resistance: 24,250 - 24,350 (Recent highs & Upper Bollinger Band) Immediate Support: 24,000 (Psychological level & recent swing low) Strong Support: 23,800 (50-period EMA on 4H & Fibonacci 38.2% retracement) Major Support: 23,500 (200 EMA on Daily & Wave 4 target) A Bearish Gartley or Bat harmonic pattern is forming, suggesting a potential reversal at the 24,250-24,350 PRZ (Potential Reversal Zone). 4. Actionable Trading Plan Intraday Strategy (Next 1-2 Days): Scenario A (Short Setup): Look for a rejection at the 24,250-24,350 resistance zone, confirmed by a bearish candlestick pattern (e.g., Bearish Engulfing, Shooting Star) and a turn down in the RSI. Sell Entry: 24,260 - 24,320 Stop Loss: 24,450 Take Profit 1: 24,050 Take Profit 2: 23,850 Scenario B (Long Setup): A buy-the-dip opportunity emerges on a pullback to the 23,800 - 23,850 support cluster, with a bullish reversal candlestick and RSI recovering from oversold (<40). Buy Entry: 23,820 - 23,870 Stop Loss: 23,700 Take Profit 1: 24,100 Take Profit 2: 24,250 Swing Trading Strategy (Next 1-2 Weeks): Bias: Bullish overall. The primary goal is to enter long on dips. Ideal Long Entry: A deeper pullback to the 23,500 - 23,600 zone would present a high-probability, low-risk long entry for a swing trade targeting new highs above 24,500. Invalidation: A daily close below 23,450 would invalidate the immediate bullish Elliott Wave count and suggest a deeper correction is underway. 5. Volume & Momentum Insight VWAP & Volume: The Anchored VWAP (from a recent low) shows the price is extended above it, supporting the overbought thesis. Volume has been declining on the most recent push higher, indicating a lack of strong conviction—a characteristic of a bull trap. Conclusion: While the long-term trend for the GER40 is unequivocally bullish, the short-term setup favors a corrective pullback. Intraday traders can scout for short opportunities at resistance, while swing traders should patiently wait for a better risk/reward long entry at lower support levels. Always manage your risk. Disclaimer: This is technical analysis, not financial advice. Trade at your own risk.
PEPPERSTONE:GER40
by sunya
NG. National Grid Long - Enter now or DCA around entry/SL zoneNG. National Grid Long - Enter now or DCA around entry and SL zone Already in this trade but still a chance to enter on any pullback or slow DCA around entry. Dividend paying Long term uptrend so could hold a bit of position rather than full exit. Bull flagging on old support with breakout Hidden bullish divergence on MACD and RSI, suggesting continuation up TP1 based on butterfly harmonic 1.272 target TP2 based on 1.618 fib extension
LSE:NG.Long
by StockHog100
XABCD pattern playing out $12 targetBBAI is looking like it will play out the XABCD butterfly pattern if it continues to rally from the .382 of the pull back from previous $2.35 lows and 8.73 highs. Breaking down and close below the $6.06 daily candle will potentially expose the previous consolidation POC at $3.87, which is a .75 pull back. Using Fib time, I am expecting a $12 range around this year in December. Will look to open a 7/12 bull call spread at Jan 2027 exp.
NYSE:BBAILong
by ewanlimr25
4
The Bullish and Bearish Cases For ETH/USDOverview: This idea contains both bullish and bearish cases for ETH/USD. Bullish Case: ETH/USD has formed a bullish pennant since April 8th. A strong break above the pennant's upper line indicates further upward momentum. The probability of success for a bullish pennant is roughly 54%. Bullish Case Warning: Although the bullish pennant is formed, there is a chance the price breaks below its bottom line, which would invalidate it. The bullish pennant is also accompanied by bearish RSI divergence, making a break of the bottom line more likely. Bearish Case Since December 17th, 2024, ETH/USD has formed a bearish butterfly harmonic pattern. The probability of success for a harmonic butterfly is roughly 75%. In addition to the butterfly, ETH/USD has short-term bearish divergence, further supporting point D as a turning point downward. If the butterfly plays out, I would expect an initial drop to the 0.618 Fibonacci around $2750. Bearish Case Warning Given that there is a bullish pennant on the short term, I would wait until it is invalidated before taking a short position.
BITSTAMP:ETHUSDShort
by FinCodeToad
ONEUSDT 30M small step towards reversalHarmony (ONE) is once again reminding traders that even modest altcoins can surprise with sudden moves. After days of sideways action the price finally found support around 0.0098–0.0099 and is now attempting a breakout. The chart shows a wedge compression, EMAs aligning, and the volume profile confirming a buyer’s zone. If the price secures above 0.0102 the door opens towards 0.0107 as the first solid target. Fundamentally it’s not the star of the show but with crypto market momentum ticking up ONE could easily catch the wave. Right now it looks like a student before the exam: everything is learned, just needs to answer out loud. Along with ONE I’m also adding TURBOUSDT, ADAUSDT and XRP (Ripple) to my buy block — they’re setting up for similar bounce opportunities.
Long
by InvestWorld_777
GBPAUD – Bearish Momentum in PlayFollowing the liquidity sweep observed on August 20th, I’m looking for a potential sell on GBPAUD. The bearish setup aligns with a successfully confirmed daily Harmonic Butterfly pattern, adding confluence to the short bias. Key Levels: Entry: 2.09 /2.10 Take Profit 1: 2.0700 – 2.0680 Take Profit 2: 2.0400 Stop Loss: 2.1040 This setup combines price action and harmonic structure, suggesting a high-probability scenario for further downside. I’ll be monitoring lower timeframes for confirmation before executing the trade. NOT A FINANCIAL ADVICE
Short
by Maxpipspr0
2
The End of BTC correction? BTC analysis 2/8/2025In my point of view, BTC has completed its correction and is now ready for a strong upward move, potentially targeting the $137,000–$139,000 range, based on the following factors: 1. Confirmation of the Butterfly Harmonic Pattern The recent reversal occurred within the expected range of the Butterfly harmonic pattern. Typically, the XD leg in a Butterfly harmonic extends to 1.27, but in practice, this can stretch up to 1.414, which is commonly used as a flexible stop-loss zone. After testing the 1.27–1.414 range, a clear 5-wave impulse followed—testing a key trendline and making an attempt to break above the recent high. This sequence, followed by a corrective move, suggests that the broader correction may be complete. 2. Complex WXYXZ Correction Structure In my previous analysis, I underestimated the duration and depth of the correction. The wave (4) (blue), which is part of the wave (iii), has taken considerable time—likely to allow wave (5) to extend sufficiently to break above the $130,000 level. This would support the assumption that wave (5) (purple) is the extended wave. The overall corrective structure appears highly complex, and can be counted as a W–X–Y–X–Z pattern, supported by the presence of multiple internal corrections within the wave components. 3. 0.618 Fibonacci Retracement of Wave (3) Wave (4) has now reached the 0.618 Fibonacci retracement level of wave (3), which is significant. Historically, BTC’s corrections rarely retrace beyond the 0.87 level. This deep retracement suggests wave (4) is likely complete—unless price were to fall below that threshold, which would invalidate this assumption.
COINBASE:BTCUSDLong
by jirapattinn
IGBPAUD | 3H Chart | Precision Setup – 🦋 Bullish Harmonic Activation – Deep Zone Precision When elegance meets geometry — we trade like a Monaco man. 🔺 Pattern: Potential Bullish Bat/Alt Bat XA → AB → BC → CD Ideal D-point completion at 2.0462 88.6% XA retracement + 2.0+ BC extension = high-probability reaction zone 🛡️ Demand Zone: Price is testing the PRZ (Potential Reversal Zone) at 2.0462 Reaction expected → projected targets: 🎯 TP1: 2.0616 🎯 TP2: 2.0674 ⚙️ Entry Plan: Long from 2.0462–2.0465 Invalidation below structure low Maintain composure. Let the setup mature — precision > prediction 💡 Bias: Tactical long within channel, targeting liquidity above C 🎩
Long
by Greenfireforex
MAJOR MONTHLY SUPPLY ZONE ON GBP/JPY SELLERS INBOUNDRegarding the monthly supply zone, my technical analysis indicates that the price has historically failed to breach this area over several years. I anticipate a potential reversal and recommend waiting for confirmation, such as a double top or harmonic pattern, before initiating a sell position. Furthermore, i will consider selling opportunities upon the .618 Fibonacci level being reached. Entry: 199.0 Take Profit: 183.3 Overall Price Target: 163.0
Short
by Its_just_a_geee_thang