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Harmonic Patterns

Natural Gas Poised to Reach $3Natural Gas Poised to Reach $3 Natural gas completed a bearish harmonic pattern and extended slightly more to around 3.6. Considering that NG is volatile, these deviations are acceptable. The price has already reacted and appears to be changing direction. This potential trend reversal could also be supported by yesterday's ceasefire agreement between Israel and Lebanon. We could see NG moving down to $3 if all goes well. You may find more details in the chart! Thank you and Good Luck!
CAPITALCOM:NATURALGASShort
by KlejdiCuni
UNI - Big time upsideThis "company" has maintained billions of dollars of volume for a long long time now. Through multiple market cycles, they have weathered the storm and continued to upgrade their systems and offerings. I put "company" in quotations to get you to think about the stock market. Most companies that have been managing many billions of dollars of the volume tend to be doing much better, technically on a price chart. And it's about time for Uniswap to make catch up move. Being a beneficiary of both the bull market and a bear market, this has very long term value. Prior highs at 17 are the first target of this initial breakout through 12. Beyond that, We shall reassess. I do not foresee this making ATH in one fell swoop. But this next breakout could be a big one, which, may allow for some consolidation right below ATH before the big break.
COINBASE:UNIUSDLong
by VaulTradeous
DOW JONES is respecting our major August buy call beautifully.Dow Jones (DJI) is about to hit the 45000 Target on our last buy call (November 20, see chart below) and complete a +8.30% Bullish Leg rise within the Channel Up that started on the August 05 Low: We are very pleased also to see the index making enormous progress after our big August buy (Aug 07 idea, see below) which was exactly on the last major Low of Dow: As you can see, we successfully formulated that trade based on the extremely symmetric price action of 2016 - 2017. We've explained the notion on the previous idea, but we will refresh your memory if you read this analysis for the first time. Dow was already trading within a Rising Wedge pattern in 2016, which towards its end broke upwards and first completed a +19.50% rally. The second Leg of the Bull rally was completed on a +30.70% rise from the pull-back Low and then the markets entered the multi-month volatile period of the U.S. - China trade wars. Key Lows of the Bull Rally were made in October 2016, April 2017 and the last in August 2017. It is important to note that after the August 2017 Low, the index had the most aggressive part of the rally, attached to the top band of the Bollinger Bands range, which is what we've called before "riding the BB wave". Back to more recently and the Rising Wedge that started in 2022, it broke upwards in identical fashion as 2017 (first Leg +23.40%, Lows in October 2023, April 2024 and the most recent August 2024, which as you saw was our last major buy). Even the 1W RSI sequences between the two fractals are similar. What's left now is for Dow to complete a +30.70% rise from the August 2024 Low, in order to conclude the pattern from 2017. Our long-term Target since August remains thus intact at 49000. Keep in mind that this is the essence of long-term investing/ trading and this is the strategy with the highest winning rate. Note also that if it takes the same time to conclude as the 2017 Leg did from the August 2017 Low (green Rectangle, 168 days), then the peak should be formed end of January/ early February 2025. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
6
VANRY Breakout Alert: Major Price Surge Ahead?VANRY is currently at a critical resistance zone Green at $0.1333 to $0.1398, which could determine its next directional move. A successful breakout above this level would signal a continuation of the bullish momentum, potentially pushing the price toward the next significant target resistance zone in Blue at $0.2399 to $0.2530. However, if the price fails to break through, a pullback is likely, with a potential retest of the trend line or $0.0993 support level. This area will be crucial in maintaining the bullish structure. On the downside, if VANRY breaks below the support at $0.0993 and closes a daily candle under the support, the bullish scenario would be invalidated, shifting momentum to the bearish side. In this case, the price could decline further toward the support zone in Pink at $0.0769 to $0.0812, a level that has been respected in previous corrections. For now, the market’s next move depends on how it reacts to the current resistance level, making it a key areas to watch for traders.
Long
by TheCryptoCity
NATURAL GAS Final push before peakingNatural Gas (NG1!) rose and hit our 2.900 Target called on our last analysis (August 29, see chart below) and after a pull-back, broke above the Triangle: The Triangle transitioned to a Channel Up and the price is already near the end of its Bullish Leg. The 1W MA200 (red trend-line) is the long-term Resistance (untouched since January 17 2023) so only above it can we justify a new bullish trend. Until then, our Target is 3.745, which represents a +99.50% rise from the last Higher Low, which is the same % rise as the first Bullish Leg of the Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYMEX:NG1!Long
by TradingShot
GOLD → Controversial fundamental background. What's next?OANDA:XAUUSD capitalizing on the weakening of the US dollar and heading towards the areas of interest and liquidity at 2635 - 2639. But! There are signs that a flag pattern is forming. Theoretically, any attempt for gold prices to rise could be limited. PCE, GDP, and the resistance ahead... Meanwhile, sellers pause slightly amid concerns about trade wars, geopolitical risks, expectations that the Fed will cut rates by another 25 basis points in December, recently declining US bond yields, and the USD falling overnight to a two-week low. However, ahead of the upcoming macroeconomic news from the US, namely PCE and GDP, after a relatively quiet news week, volatility is likely to be unpredictable. The question now is whether the downward momentum will continue as the price reacts to a critical support zone. Technically, gold remains range-bound and is heading towards areas of interest from which a retracement could form. But this reaction also partly depends on the news.... The focus is on the imbalance zone, fibo 0.618 and fibo 0.5. Due to the controversial technical and fundamental background, the gold price may close inside a wide channel, which allows us to use its boundaries for trading. We are watching the resistance with a sell target for further downside
OANDA:XAUUSDShort
by Bentradegold
ould the price reverse from here?USD/JPY is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support that lines up with the 138.2% Fibonacci extension. Pivot: 152.29 1st Support: 150.61 1st Resistance: 153.27 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given 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 only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or 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 and 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 ICmarkets
Why DOT +20%, next month ?Polkadot (DOT) is a blockchain protocol designed to enable different blockchains to interoperate and share information securely. It was created by Dr. Gavin Wood, a co-founder of Ethereum, and aims to solve issues related to blockchain interoperability, scalability, and security. DOT is the native cryptocurrency of the Polkadot network, and it serves multiple purposes, including network governance, staking, and bonding for creating new parachains (parallel blockchains). Why DOT Might Increase by 20% in the Next Month: Parachain Auctions and Deployments: Polkadot's unique architecture allows multiple blockchains (parachains) to run in parallel and interoperate. If significant parachain auctions or deployments are planned, investor interest in DOT could spike as more projects build on the Polkadot network, leading to increased demand for DOT. Ecosystem Growth: Polkadot's ecosystem has been expanding rapidly with new projects, decentralized applications (dApps), and partnerships. A surge in ecosystem activity could lead to a higher demand for DOT, driving up its price. Staking Rewards: DOT holders can stake their coins to support network security and earn rewards. As staking continues to be an attractive option for investors seeking passive income, demand for DOT could increase, pushing its price higher. Market Sentiment: Positive market sentiment and broader cryptocurrency market rallies often influence the price of major altcoins like DOT. If the overall market trends upwards, DOT could benefit from this momentum. Technical Indicators: If DOT shows bullish technical indicators such as a breakout from a key resistance level or positive momentum on the charts, traders might anticipate further gains, leading to a price increase. Regulatory Clarity: If there is positive news regarding cryptocurrency regulations that favor blockchain projects or improve market conditions, DOT could see a significant price increase. While these factors could drive DOT’s price up by 20% or more, it's essential to remember that cryptocurrency markets are highly volatile, and predictions can be uncertain. Always do thorough research and consider the risks before making investment decisions.
Long
by MiguelFTCurado
2
USDJPY H4 | Falling from a pullback?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 152.23, which is a pullback resistance close to 38.2% Fibonacci retracement. Our take profit will be at 150.32, an overlap support close to 161.8% Fibo extension The stop loss will be at 153.40, a pullback resistance 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.
Short
by FXCM
1
EURUSD: Corrects After False Breakout Before Continuing DownwardFX:EURUSD rising higher based on the correlated reaction with the dollar. The currency pair is likely to test the local highs. But! Since there is scheduled news today, you must be extremely cautious... The fundamental background remains overall very negative since Trump’s victory. Additionally, the local downtrend is not yet over, thus providing us with the main trend to follow in our trading decisions. From a technical perspective, as a false support breakout is forming on the chart, we should wait for a retest of the resistance areas to consider further selling attempts aimed at pushing the price lower. Short-term levels to watch: Resistance levels: 1.051, 1.065, 1.076 Support levels: 1.051, 1.044, 1.033 If the bears behave aggressively on the back of the news, the price will likely continue to decline from these areas.
Short
by Bentradegold