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Harmonic Patterns

EUR/USD Bullish Setup in Progress as Wave C Targets 1.1622 🟢 LONG BIAS 📅 Updated: July 16 EUR/USD has completed a clean 5-wave impulse structure to the downside, followed by an unfolding ABC corrective pattern on the 5-minute chart. With Wave A and the ongoing B leg nearing completion, bulls may look to capitalize on a Wave C rally toward the 1.1622 resistance zone. The structure suggests a temporary bullish move within a broader correction. Entry near the 1.1586 level offers a solid R:R setup, with invalidation below 1.1561. This setup is ideal for short-term intraday traders using Elliott Wave theory and expecting a 3-wave corrective rally. --- 📊 Technical Structure (5M) ✅ 5-wave bearish impulse labeled (1)-(5) complete ✅ ABC correction developing (currently in Wave B) ✅ Potential for bullish continuation via Wave C 📌 Upside Target ✅ Final: 1.16224 🔻 Risk Zone ❌ Invalidation: Below 1.15618 --- 📈 Market Context USD Consolidation: Dollar index pauses after strong rally, offering intraday relief to majors. Euro Support: Mild bid across EUR crosses, offering stability in low-timeframe setups. No High-Impact News: Ideal technical environment for short-term wave trading. --- ⚠️ Risks to Watch Breakdown below 1.1561 would invalidate the structure. Sudden volatility from unscheduled news. Failure of Wave C to reach projected resistance. --- 🧭 Summary: Bias and Watchpoints EUR/USD is setting up for a potential Wave C move toward 1.1622 as the ABC corrective structure plays out. Bullish bias holds above 1.1561 with a high-probability setup unfolding for short-term wave traders. Watch for price reaction near 1.1586 and use tight risk control.
Long
by Greenfireforex
Ready for 80 USD? Time to grow for MKCThe chart analysis for this stock suggests a potential rise to 80 USD based on current technical patterns. The 4-hour chart shows a recent downtrend following a significant peak, with the price currently hovering around 71-72 USD. A key support level is evident near 70 USD, which could serve as a foundation for a potential rebound. The moving averages, including the 50-day and 200-day, indicate a prior bullish trend, and the current consolidation phase might precede another upward move. Breaking through the resistance at 75-76 USD, a previous high, could signal the start of a new upward trend. With increased buying volume and bullish candlestick patterns, the price could target 80 USD, a notable psychological and technical resistance level. The RSI, currently in a neutral zone, could support this scenario if it begins to rise, indicating growing momentum. However, caution is advised, as a break below 70 USD support could negate this outlook and lead to further declines. Potential TP: 80 USD
NYSE:MKCLong
by darksignal
TAO Primed for Liftoff: Crypto AI Juggernaut TP $2,261 6x Min🚀 TAO Primed for Liftoff: Why This Crypto AI Juggernaut Could Be Headed to $2,261 (and Beyond) The stars are aligning for Bittensor ( GETTEX:TAO ), one of the most structurally important and undervalued assets in the entire crypto AI sector. 📈 Technical Breakout Incoming Let’s start with the chart. TAO has cleanly bounced off the golden Fibonacci 0.618 retracement—a classic signal that the correction is over and the next bullish impulse is underway. From here, the path of least resistance is up. The price is hugging the bottom of a well-defined ascending channel. As long as the structure holds, TAO is set to target the next key levels: ✅ TP1: $475 ✅ TP2: $517 ✅ TP3: $561 ✅ TP4: $587 ✅ TP5: $735 💥 Ultimate Cycle Top: $2,261 to $2,505 That's a +584% move from current levels — not a meme, but a mathematically clean technical projection. The high timeframe structure supports this move into Q4 2025, where altcoin dominance typically peaks. 🧠 AI + Crypto = Trillions in Flow TAO isn’t just riding technicals. It’s also the kingmaker of decentralized AI compute. As the base layer that incentivizes AI model training across a permissionless network, TAO is building the future of open-source intelligence—something no other crypto project is doing at this level. 🧬 But here’s where it gets nuclear... 📜 Regulatory Green Lights = Institutional Surge In the past two weeks, two massive regulatory catalysts dropped: 🇺🇸 The U.S. Congress passed landmark digital asset legislation that legally distinguishes between commodities (like Bitcoin, Ethereum, and AI protocols like TAO) and securities. This unlocks compliance-friendly pathways for major institutional capital to flow into select altcoins. 🇨🇳 China issued regulatory clarity on AI and blockchain convergence, approving several pilot programs that incorporate decentralized machine learning. Bittensor’s model fits perfectly into this new regime, especially if TAO becomes a de facto backbone of Asian open-source AI development. Together, this sets up a trillion-dollar liquidity wave—and tokens with utility, clear tokenomics, and AI narrative momentum like TAO will be first in line. 💡 Why TAO Stands Out in the AI Meta ✅ Scarce supply: TAO has a capped supply and deeply embedded utility. ✅ Real yield: Miners (subnets) earn TAO by providing real-world machine learning services. ✅ Community-first: Bittensor is open-source, censorship-resistant, and run by a decentralized validator set. ✅ Already powering an entire ecosystem of AI projects (not just vaporware). 🔮 What Comes Next Expect TAO to grind its way through the targets—$475, $561, $735—and eventually break into parabolic mode toward $2,261–$2,500 as institutional capital rotates out of BTC/ETH and into deep narrative tokens during the cycle blow-off top (likely by late Q4 2025). If you missed Bitcoin at $1,000 or ETH at $30, this is your second chance. 🧠 TAO is not a trade. It’s the neural backbone of the decentralized AI economy. 📌 Conclusion: 🟢 Technically primed (0.618 bounce, channel structure) 🟢 Regulatory tailwinds (U.S. + China) 🟢 AI narrative apex 🟢 Structural tokenomics 🔵 Price Target: $2,261–$2,505 this cycle TAO is not just a coin. It’s the protocol layer for the AI-powered internet. 📡 Get positioned. This is where narrative, structure, and capital flow converge.
Long
by DanOxAm
ADA: Keep an eye on this setup!If you're looking to trade ADA at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above $0.775 and take profits at the levels shown in the chart. Targets: 1. $0.82 2. $0.9 3. $0.98 ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
Stronger U.S. Data Pressures Gold PricesGold remained below $3,340 per ounce on Friday and was on track for its first weekly decline in three weeks. The metal faced pressure after stronger U.S. data, including a rebound in retail sales and a sharp drop in jobless claims, reduced the immediate need for Federal Reserve rate cuts. Fed Governor Adriana Kugler backed keeping rates steady for now, pointing to economic resilience, while San Francisco Fed President Mary Daly maintained her outlook for two cuts in 2025. Resistance is at $3,370, while support holds at $3,320.
TVC:GOLD
by ChartMage
NOT/USDT Technical Analysis – Bullish Setup 📈 NOT/USDT Technical Analysis – Bullish Setup Within Ascending Channel Notcoin has broken out of a historically strong resistance zone and successfully retested it, forming a clean ascending channel structure. This setup suggests growing bullish momentum and offers multiple trade opportunities depending on your risk profile. 🟢 Scenario 1 – Aggressive Entry: Enter now with a stop-loss at 0.0021 and target the channel top (~0.00488). This setup offers a favorable 1:2 risk-to-reward ratio. 🔴 Scenario 2 – Conservative Entry: Wait for a confirmed breakout above the red resistance box. If price closes above this zone with strong volume, consider entering long with a stop below 0.00244 and the same target. 📌 Price action within the red resistance box will play a crucial role in determining whether the current uptrend continues or stalls. Failure to break above this zone decisively could lead to a short-term correction before potential continuation. 💬 Which entry strategy fits your style? Let me know below.
Long
by TrendShot
Wings of Opportunity: LINK’s Harmonic Setup Unfolding🦋 Title: A Butterfly on the Edge – But Only with Confirmation On the 2H timeframe, a Bullish Butterfly Harmonic Pattern is unfolding. The wave structure (X → A → B → C → D) aligns closely with harmonic principles, and point D lies above X, within the 1.27 to 1.618 Fibonacci extension of XA — reinforcing the pattern’s validity. 📌 No entry has been triggered yet. We are currently waiting for price to break and hold above the key resistance at 13.60 to confirm the bullish scenario. 🔹 Bullish Scenario (our primary and preferred outlook): Given the strong reaction around the 12.74 demand zone and the harmonic structure completion, we are primarily focused on a long opportunity, if and only if confirmation is achieved above 13.60. 📥 Entry Zone: 13.05 – 13.65 🎯 Target 1: 17.94 🎯 Target 2: 18.76 🛑 Stop-Loss: Below 12.74 (structural invalidation) 🔻 Alternative Bearish Scenario: If price fails to break 13.60 and instead loses the 12.74 support, the bullish setup becomes invalid, and the market could enter a deeper correction phase. Potential downside targets in that case: 📉 11.80 📉 10.90 – 10.30 (if bearish momentum continues) 📊 Risk Management Notes: Position sizing should not exceed 1% of total capital Avoid early entries before confirmation Prefer partial entries after breakout and retest Stick to the invalidation level strictly 📈 While both scenarios are on the table, we are currently favoring the bullish setup, as long as price action supports it. Discipline and patience are key — confirmation first, trade second.
by TrendShot
SOL/USDT – Weekly Chart Analysis (July 18, 2025)Solana is at a critical breakout point as price pushes against a long-standing horizontal resistance zone between $175–$180. This zone has been tested multiple times since late 2024, making it a significant level to watch. 🔹 Current Price: ~$179.66 🔹 Resistance Zone: $175–$180 🔹 Next Major Supply Zone: $260–$290 🔹 Trendline Support: Still intact and respected since the Q2 lows 📌 Key Setup: SOL is attempting a breakout above the horizontal resistance. Price structure shows a series of higher lows, indicating growing bullish momentum. A weekly candle close above $180 followed by a successful retest would confirm the breakout and could open up upside toward the $260–$290 zone. 📈 Trade Plan: Breakout Entry: After a confirmed weekly close + bullish retest of $175–$180 Invalidation: Break below trendline and failure to hold above $160 Target: $260–$290 zone, where previous supply stepped in 🧠 Patience is key: Wait for confirmation and don’t chase breakout candles. This level has historically acted as a trap — confirmation is critical for safer entries. #Solana #SOLUSDT #CryptoTrading #TechnicalAnalysis #Altcoins #Binance
Long
by MangoMan4
CHR/USDT Major Breakout! Bullish Momentum Ignites🧠 Complete Technical Analysis: After months of being trapped in a prolonged downtrend since December 2024, Chromia (CHR) has finally shown signs of awakening. The price has successfully broken out of a major descending trendline, while also breaching a critical consolidation resistance zone between $0.093–$0.098 (highlighted in yellow). This breakout not only indicates a potential trend reversal, but also opens the door for a medium-term bullish rally if sustained. 📊 Structure and Pattern Highlights: Descending Trendline Breakout: CHR has decisively broken out of the long-standing bearish structure. Validated Accumulation Zone: The $0.075–$0.098 range has proven to be a strong accumulation base after multiple tests. Layered Horizontal Resistances: A clear ladder of resistance levels awaits as price pushes upward. Potential Bullish Patterns: With a healthy pullback and higher low, CHR could form an Inverse Head and Shoulders or a Bullish Flag continuation pattern. 📈 Bullish Scenario: If CHR can hold daily candle closes above the $0.098 breakout zone, the following targets come into play: Target Level Description $0.113 Breakout confirmation zone $0.120 Psychological mini-resistance $0.130 Historical horizontal resistance $0.143 Previous local top $0.165 Key breakdown level $0.180 – $0.228 Medium-term target range with historical supply $0.265 – $0.290 Strong resistance area from past distribution $0.343 – $0.375 Long-term bullish target 💡 Note: If buying volume increases and BTC remains stable or bullish, these targets become increasingly realistic. 📉 Bearish Scenario: However, if this breakout turns out to be a fakeout, CHR may fall back below the $0.093 zone and retest: $0.085 (minor support) $0.075 (base support) As low as the demand zone around $0.065–$0.070 📌 Candle close and volume confirmation are critical. Avoid chasing price without solid validation! 📎 Conclusion & Strategy: > CHR/USDT is currently at a pivotal moment. This breakout from a multi-month downtrend signals a potential trend reversal and a medium-term opportunity for swing traders and position holders. 📈 Trading Strategy Suggestion: Entry: After a successful retest of the $0.095–$0.098 zone Stop Loss: Below $0.085 Take Profit: Scale out at resistance levels listed above #CHRUSDT #Chromia #CryptoBreakout #TrendReversal #AltcoinSeason #TechnicalAnalysis #CryptoTrading #BullishPattern #BreakoutSignal #ChartSetup
Long
by CryptoNuclear
EURUSD H1 I Bearish Reversal Based on the H1 chart, the price is approaching our sell entry level at 1.1641,an overlap resistance. Our take profit is set at 1.1601, a pullback support. The stop loss is set at 1.1670, a swing high 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 (tradu.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 Europe Ltd (tradu.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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
#Nifty directions and levels for July 17thGood morning, Friends! 🌞 Here are the market directions and levels for July 17th: There have been no major changes in the global market; it continues to maintain a moderately bearish sentiment. Meanwhile, our local market is showing a moderately bullish tone on the lower time frame. Today, Gift Nifty is indicating a neutral to slightly gap-up start. So, what can we expect today? In the previous session, both Nifty and Bank Nifty moved with ups and downs. Structurally, the sentiment still remains the same. Even if the market opens with a gap-up, we can expect some rejection near immediate resistance. So, my expectation is that the market may behave similarly to the previous session. If it starts with a pullback, we may see rejection afterward. On the other hand, if it starts with a decline, we can expect a pullback later. The key point to note is that clear directional moves are likely only if a strong candle forms after consolidation.
NSE:NIFTY
by Manickamtraders
5
USDJPY / U.S. Dollar – Japanese Yen (1D + 1H) – Multi-Timeframe USDJPY / U.S. Dollar – Japanese Yen (1D + 1H) – Multi-Timeframe Breakdown Hello awesome traders! 👋 Closing the week with a full top-down look at USDJPY. We’ve got a macro bullish setup developing, but Friday gave us a well-structured intraday bearish opportunity worth studying. Let’s walk through the levels across the timeframes: 🧭 Macro Structure (Daily / 4H) We start with a textbook Cypher formation on the macro frame, overlapping with a broad ABC bullish correction: 🔹 XA and BC legs are clean and proportionate 🔹 The D point completes just above the 78.6% XA zone 🔹 ABC structure suggests price may be completing a corrective leg within the larger bullish swing 🔍 Medium-Term Focus (4H): Zoom Into the ABC As we zoom into the ABC leg: 🔸 A = 146.82 🔸 B = 149.08 🔸 C forms near 148.20 with shallow retracement 🔸 Completion shows signs of exhaustion The ABC pullback aligns with prior resistance and fib confluence zones. ⏱ Intraday Breakdown (1H): Symmetry, Traps, and False Breakouts This is where the intraday bearish case built up: 🔻 1. Symmetrical Triangle Breakdown Price formed a clear compression triangle → broke lower → retested → failed again. 🔻 2. Double Top Structure + Cypher Trap We had a false breakout above 149.08, followed by a rejection. This matches the Cypher reversal zone and classic trap behavior. 🎯 Friday Outlook ✅ Bias: Bearish 📍 Target 1: 38.2% = 148.21 📍 Target 2: 61.8–78.6% = 147.67 – 147.29 We're looking for price to rotate back into these fib support zones before macro structure takes back control. No bullish commitment unless we reclaim the 149.08 highs with strength. 🛡 Risk Management Note This is short-term momentum inside a larger bullish frame. Treat intraday shorts with tight stops. Macro buyers may step in at the fib wall. 🗝 Final Thoughts This is the perfect example of why multi-timeframe context matters. Macro is prepping for a possible long-term continuation, but Friday’s lower timeframe offered an opportunistic short from structure, symmetry, and failed breakout traps. “The market breathes in waves — one time frame exhales while the other prepares to inhale.”
by TradeChartPatternsLikeThePros
Excellent profits booked As I mentioned in yesterday’s commentry session: My strategy is still the same – buying every dip in Gold around my key level yesterday at 3312, which the market respects well and as our first target was 3345 I'm aiming for a breakout to the upside. Very happy with the profits so far. My medium-term targets remain 3380 &3,400 and I’ll keep buying every local low until then. Also I mentioned if 3310 turns flips on down side then buy at 3290 will be the perfect buy.
FOREXCOM:XAUUSD
by Forexmaestro121
BRENT CRUDE OIL FORMED A BEARISH WEDGE. ANOTHER POSSIBLE DECLINEBRENT CRUDE OIL FORMED A BEARISH WEDGE. ANOTHER POSSIBLE DECLINE?📉 USOIL has been trading bullish within the last couple of days, supported by prospects of tighter supply and an improved demand outlook. US crude inventories dropped last week, which indicates firm demand despite the rising output. Still, technically, oil looks bearish. It has formed a bearish wedge and is currently testing the former trendline from below. The most probable scenario is that wee see the bearish impulse towards 6,500.00 with further decline. Another option is that the rise will continue towards 6,900.00 level.
FOREXCOM:USOILShort
by ProfessorSingapore
S&P 500 H4 | Making a run towards a new ATH?The S&P 500 (SPX500) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 6,299.72 which is a pullback support. Stop loss is at 6,195.00 which is a level that lies underneath a multi-swing-low support. Take profit is at 6,369.28 which is a resistance that aligns with the 161.8% Fibonacci 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 (tradu.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 Europe Ltd (tradu.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 Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:SPX500Long
by Tradu