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Harmonic Patterns

MOTHERSON Poised for a New Leg Up!Motherson Sumi is flashing bullish signals, setting the stage for a potential breakout. Recent activity reveals strong volume, a key indicator of growing momentum and trader interest. Here's why the chart looks exciting: Technical Insights: 1️⃣ Volume Surge: The significant uptick in volume highlights heavy buying interest, often a precursor to a strong upward move. 2️⃣ Trendline Breakout: Price action is hovering near a key resistance level, with signs of breaking out into a fresh bullish trend. 3️⃣ RSI Strength: Relative Strength Index shows upward movement, confirming bullish momentum without being overbought. 4️⃣ Moving Averages: Trading above the 20-day and 50-day moving averages, signaling sustained strength. What to Watch For: Key Resistance Levels: If it clears the resistance zone, it could unlock a substantial rally. Support Holding: Strong demand near the support zone ensures the risk is well-contained. Are you ready to ride the wave? 🌊 🚀 Drop your targets below! 📉
NSE:MOTHERSONLong
by ashwani500
2
USDJPY M15 I Bearish Drop Based on the M15 chart analysis, we can see that the price is currently at our sell entry at 154.20, a pullback resistance close to the 61.8% Fibonacci retracement. Our take profit will be at 153.61, a pullback support. The stop loss will be placed at 154.71, which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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 Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
EURUSD M30 I Bullish Rise?Based on the M30 chart analysis, we can see that the price is falling to our buy entry at 1.0488, which is a pullback support that aligns with the 78.6% Fibo retracement. Our take profit will be at 1.0521, a pullback resistance. The stop loss will be placed at 1.0465, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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 Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
GBPUSD H1 I Bullish Bounce Off?Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.2664, which is a pullback support close to the 38.2% Fibo retracement. Our take profit will be at 1.2717, a pullback resistance that aligns with the 61.8% Fibo retracement. The stop loss will be placed at 1.2610, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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 Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
USDCHF H4 I Bearish Drop?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8944, which is a swing high resistance. Our take profit will be at 0.8902, an overlap support level. The stop loss will be at 0.8982, above the 161,8% Fibo extension. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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 Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
PUT/CALL NEW LOW NO ONE IS SHORT MAJOR TOP IN STOCK INDEXESThe chart posted has hit a new low on the 20 moving avg put/call .To top it off The one day closed at the low for the year at .58 More traders are betting on Santa then in the last 2 years !!! I have taken a 95 % long in the money puts .The first quarter of 2025 We could see something Very Big to the downside well over 600 to 1300 SP 500 points Cycles point to march 10th to the 20th for the first leg down . And looking at Europe markets as well and The top I called in the nifty 50 looks like it is also ready to roll over once again . .The gold ratio cycles aka the 6 spiral due on 11/29 to 12/5 came The DJI and DJT and XLU as well as the NYA all topped that window and has fallen everyday since . BEST of TRADES WAVETIMER
USI:PC
by wavetimer
GOLD - Falling Wedge ABCD PatternGOLD has broken down from bearish rectangular consolidation. Prior to bearish rectangle, a falling wedge was formed from recent highs. Now it seems falling wedge is part of ABCD pattern, which means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 14 and 14.50 because this coincides with: - a number of trendlines and major support zone from Weekly timeframe meet between 14 and 15 - gap fill is at 14.66 Also, if we look at price range of first wedge pattern drop, it was about 22% (from point A to B). With the formation of ABCD, the second wedge pattern price drop is also likely to be about 22% from point C to D of ABCD pattern. Price is below SMA 20, 50 and 200 Buy around 14.50
NYSE:GOLD
by I_M_Shoaib
BTCUSDT.1DThe daily chart of BTC/USDT highlights a strong bullish trend with Bitcoin challenging resistance levels as it aims for new heights. This analysis will cover the key price points, trend analysis, and insights derived from technical indicators. Price Action and Structure: BTC/USDT has been on an upward trajectory, as depicted by the ascending trendlines on the chart. The current price around $107,074.09 signifies a potent bullish momentum, especially as it approaches the resistance at $115,701.77 (R1). Resistance and Support Levels: Resistance Levels: The immediate resistance is at $115,701.77 (R1). A break above this level could signal continued bullish momentum, targeting subsequent resistances at $121,068.78 (R2) and $129,338.48 (R3), the latter representing a significant historical and psychological barrier. Support Levels: The key support resides at $97,978.11 (S1). This level is critical for maintaining the current bullish structure. Below this, $90,207.30 (S2) serves as a deeper support which may come into play in case of a major pullback. Moving Averages: Not visible on the chart, but the position of the price relative to key moving averages (such as the 50-day or 200-day) can indicate the underlying trend strength. Prices well above these averages are typically bullish. Technical Indicators: MACD: The Moving Average Convergence Divergence (MACD) indicator is in the bullish territory with the MACD line well above the signal line, and a positive histogram emphasizes strong bullish momentum. RSI: The Relative Strength Index (RSI) is at 64.43, which indicates bullish momentum but still under the overbought threshold of 70, suggesting there may be room for further upside before encountering major selling pressure. Conclusion: BTC/USDT is displaying strong bullish signals with its recent upward movement and position relative to key resistance levels. If BTC successfully breaches the $115,701.77 resistance, it could pave the way for a test of higher resistance levels at $121,068.78 and potentially $129,338.48. Investors should monitor these levels closely as a break above could confirm continuation of the bullish trend, while failure to surpass could lead to a retest of support levels, particularly $97,978.11. With the MACD showing strong bullish momentum and the RSI not yet overbought, the current market conditions favor the bulls. However, traders should remain cautious and consider potential volatility or resistance at these key levels.
Long
by MarsSignals
1
ETHUSDT.1DThe daily chart of ETH/USDT shows the cryptocurrency navigating through a phase of consolidation and a recent upward breakout, with the price encountering resistance. This analysis will detail critical price levels, evaluate the strength of the current trend, and discuss the implications of the technical indicators. Price Action and Structure: ETH/USDT has shown robust recovery from lower levels, with the price action recently forming an ascending pattern. The current price is approximately $3,948.59, showing some resistance near the $4,125.64 (R1) level. Resistance and Support Levels: Resistance Levels: The immediate resistance lies at $4,125.64 (R1). Surpassing this level could propel ETH towards the next major resistance at $5,528.52 (R2), which aligns with historical highs and psychological resistance. Support Levels: The nearest substantial support is at $3,388.10 (S1). If the price retreats, this level could provide a strong base. Further down, $2,713.70 (S2) serves as another critical support level, providing a buffer against more substantial declines. Moving Averages: Not detailed on the chart, but typically, the position of the price relative to key moving averages (like the 50-day or 200-day) can provide insights into the trend's health. Remaining above these averages suggests bullish underpinnings. Technical Indicators: MACD: The Moving Average Convergence Divergence (MACD) is currently negative, but the histogram shows shrinking negative bars, indicating a reduction in bearish momentum and potential for a bullish crossover soon. RSI: The Relative Strength Index (RSI) at 64.54 indicates that the asset is nearing overbought conditions, which could prompt a consolidation or slight pullback before any further upward movement. Conclusion: ETH/USDT is currently in a bullish trend, as indicated by its recovery trajectory and attempt to breach the $4,125.64 resistance. The ascending trend suggests continued bullish sentiment, supported by the improving MACD. However, the nearing overbought RSI suggests caution, as it may lead to short-term consolidation or pullback. Investors should watch the resistance at $4,125.64 closely, as a breakout above this level could lead to a significant bullish continuation towards $5,528.52. Conversely, a retraction from current levels may find support at $3,388.10, which could be an opportunity for buyers to re-enter.
by MarsSignals