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Harmonic Patterns

OIL WILL CCONTINUE TO FALL Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
FX:USOILShort
by dkb14246
PRCL/USDT THE THE SKY IS THE LIMITPRCL/USDT SPOT update. The main markets have experienced a breakdown trend, particularly since BTC's last trend shift. PRCL/USDT is currently in a crucial support zone, which could be confirmed before 2025. What happens if this support zone is confirmed before 2025? It means the coin has the potential to break out, with a target price of up to $1. The coming 5 days can be important, after the data study of the last months. There is a signal of DCA data at the end of the month. For day traders there is no reason to enter this coin until it is confirmed the $0,50 could become interesting for the break.
Long
by SatochiTrader
Bearish Anticipation for GBP/JPY: Key Levels and Technical AnalyGBP/JPY is currently trading at 197.952, showing signs of bearish momentum. The pair has been struggling to maintain higher levels, with selling pressure dominating near psychological resistance levels. Based on technical indicators and market structure, we anticipate a potential decline to 197.033, with a further downside risk to 196.170 if key support levels fail. Scenarios and Trading Plan Scenario 1: Targeting 197.033 If GBP/JPY sustains bearish momentum and breaks below the 197.800 intraday support, we anticipate a move to 197.033, which coincides with the 61.8% Fibonacci retracement. Confirmation Signal: Look for a bearish breakout candle on the H1 timeframe with volume spike or bearish continuation patterns such as a descending triangle. Scenario 2: Further Downside to 196.170 If the price breaches 197.033, sellers may push GBP/JPY further to 196.170. This level is significant due to its alignment with the 78.6% Fibonacci retracement and prior support from November price action. Confirmation Signal: A breakdown with a retest of 197.033 as resistance would provide stronger confirmation for this extended bearish move. Risk Factors to Watch Fundamental News: Any positive developments related to the Bank of England's monetary policy or risk-on sentiment in the market may reverse the bearish momentum. JPY Sentiment: Yen tends to strengthen during risk-off periods. If global risk sentiment shifts, GBP/JPY could see increased bearish pressure. Key Resistance Levels: If GBP/JPY retraces back above 198.000, it could invalidate the bearish setup. The technical landscape for GBP/JPY supports a bearish outlook, with the pair likely to test 197.033 and possibly extend losses to 196.170. Traders should monitor the key support levels and bearish confirmation signals, while being mindful of any unexpected market catalysts that could alter the sentiment.
Short
by AndyFrenzy
1
GBPJPY LONG SHOTGBPJPY is moving in an UP trend channel, is trading along the rising support And as the pair will soon retest it I am expecting the price to go up To retest the supply levels above at The chart broke through the dynamic support, which now acts ... We expect a decline in the channel after testing the current level. Great BUY opportunity GBPJPY Traders, if you liked this idea or if you have your own opinion about it, write in the comments I will be glad Thank You
Long
by Zaks_ForexRules
3
Xrp - The First Of Two Massive Breakouts!Xrp ( BITSTAMP:XRPUSD ) is still creating bullish structure: Click chart above to see the detailed analysis👆🏻 Despite the overall crypto market weakness Xrp is still holding and even rejecting the lower support trendline of the symmetrical triangle pattern. Xrp also created another short term triangle within the long term triangle, so two major breakouts might happen pretty soon. Levels to watch: $0.6, $1.0 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:XRPUSDLong
by basictradingtv
12
FCCL - PSX - Technical AnalysisFauji Cement Co Ltd (FCCL) share price is almost at Daily Channel Support Level. Technically, price may bounce from this support. However, a SHARK Harmonic pattern has been drawn (93% compliant) which if followed will drop the prices significantly. KVO is dipping below zero level indicating a Bear run; additionally RSI is also dipping which supports the dropping of prices. Until and unless some fundamental element or good news kicks in price should go till Buy-2 level. In case price drops below 29 then price will free fall till 29.27. Trade Values Buy-1: 34.07 Buy-2: 33.87 SL: 29.27 TP-1: 40 TP-2:47
PSX:FCCL
by Golden_Spur
Analysis BTC/USD 1H Analysis 1. Key Resistance Zone: The resistance zone lies between $98,300 and $100,000. Price action in this zone indicates strong selling pressure, making it a critical level for bullish continuation. 2. Support Zone: A significant support zone is identified near $92,000. This level could serve as a potential rebound area if the price experiences a downward movement. 3. Trend Outlook: The current price structure suggests a potential rejection from the resistance zone. A descending trendline indicates a bearish sentiment, with the next likely target being the $96,000 level and potentially further down towards the $92,000 support. Trading Strategy: Short Position: Consider entering a short position if price confirms a rejection from the resistance zone with appropriate stop-loss above $100,000. Long Position: If price breaks and consolidates above the $100,000 level, it could indicate a bullish breakout. In that case, look for opportunities to go long.
BITSTAMP:BTCUSD
by Olivia-Grace
Bitcoin (BTC): Sellers Showing DominanceBitcoin has been rejected again from the uppe resistance zone, where sellers showed the dominance of this zone. Buyers have been struggling to get back control over the $100,000 zone, where we expect to see a possible quick liquidity hinting to happen to both sides here, where at the end we should see a steep move to lower zones, which could lead to a final correction before a greater movement on the markets!! We wait for sellers to take dominance near $93-94K so for now we just wait! Swallow Team
Short
by SwallowAcademy