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Harmonic Patterns

Bullish Flag Forming on BTCUSDT – Is the Next Big Move Coming?🧠 Complete and Insightful Technical Analysis: The 12H BTCUSDT chart is currently showcasing a textbook Bullish Flag pattern, a powerful continuation structure that often precedes major upward moves. --- 🏗️ Pattern Breakdown: Bullish Flag 1. Flagpole: The sharp breakout from around $107,000 to $123,000 marks the impulsive rally — this is the flagpole, created by strong bullish momentum. Represents the "lift-off" phase where buyers dominate the market. 2. Flag (Consolidation Phase): After the strong rally, price consolidates inside a downward-sloping parallel channel, forming the flag. This pullback is healthy, characterized by declining volume, a key feature of the Bullish Flag. Indicates temporary profit-taking before continuation. 3. Confirmation: A breakout above the flag's upper boundary (around $123,000 – $124,000) with strong volume would confirm the pattern. Breakout traders often use this as a high-probability entry. --- 📈 Bullish Scenario (High Probability): If BTC breaks above the flag structure: 🎯 Measured Move Target (Based on Flagpole Height): $123,000 + ($123,000 - $107,000) = $139,000 🚀 Potential for further upside if macro conditions and sentiment support the move, possibly reaching $135,000+ in the medium term. Confirmation Required: A strong candle close above $123,500 with volume spike. --- 📉 Bearish Scenario (If Breakdown Occurs): If BTC breaks down below the flag (~$117,000): Retracement likely toward previous breakout zones at $112,000 – $109,000 Such a breakdown could turn the current structure into a fakeout or bear trap However, this zone may present a strong re-entry opportunity for long-term bulls. --- 📚 Educational Insight for Traders: Bullish Flags often appear during strong uptrends, acting as a pause before the next leg up. A healthy pattern shows shrinking volume during the flag and rising volume at breakout. Traders should monitor key horizontal resistance and volume behavior for confirmation. --- 🧭 Conclusion: BTCUSDT is at a critical technical juncture. The formation of a clean Bullish Flag suggests the potential for a major continuation rally. Confirmation through a breakout is key — this is the time to prepare, not react. #BTCUSDT #Bitcoin #BullishFlag #BTCBreakout #CryptoTechnicalAnalysis #CryptoTrading #PriceAction #BTCAnalysis #BitcoinPattern #CryptoEducation #BTCFlag #ContinuationPattern
Long
by CryptoNuclear
Bitcoin at a Decisive Moment! Rising Wedge Formed — Breakout?🧠 In-Depth Technical Analysis (BTCUSDT – Weekly Timeframe) Bitcoin is currently trading within a large Rising Wedge pattern, formed over the long term from late 2022 to mid-2025. This structure is typically a bearish reversal formation, although it can also lead to a breakout in strong bull markets. The wedge is defined by: Consistently higher lows on the lower trendline A gradually rising upper resistance line that currently caps price around $123K–$125K Decreasing volume, indicating consolidation and energy buildup near the apex This wedge reflects a period of euphoric price action post-2022 bear market accumulation, with price now testing the top of a historically significant resistance zone. --- 📊 Key Price Levels: 🔹 Current Price: ≈ $118,436 🔹 Recent Weekly High: $123,226 🔹 Critical Resistance (Wedge Top): $123,000–$125,000 🔹 Dynamic Support: Rising wedge base (~$90,000–$95,000) --- 🐂 Bullish Scenario: “Historic Breakout Incoming” If BTC successfully breaks above the wedge’s upper resistance and closes a weekly candle above $125K with strong volume, it would signal a confirmed breakout from the long-term wedge structure. 📈 Upside Targets: 🎯 Target 1: $140,000 🎯 Target 2: $155,000+ (based on Fibonacci extension and macro targets) 🚀 A breakout of this magnitude may trigger a new parabolic rally, especially if accompanied by: Increased institutional adoption Spot ETF inflows Favorable macroeconomic shifts (e.g., rate cuts) --- 🐻 Bearish Scenario: “False Breakout or Breakdown Risk” If Bitcoin fails to break out and faces strong rejection from the resistance zone (possibly a false breakout), the rising wedge formation may break down — leading to a steep correction. 📉 A breakdown from this structure often leads to sharp drops due to: Overextension of the current trend Distribution phase by smart money 🎯 Downside Targets: Support 1: $95,000–$90,000 Support 2: $76,000 Major Support: $54,000 (historical demand & EMA zones) --- 🔍 Optional Indicators for Chart Confirmation: Weekly RSI: Watch for bearish divergence Volume Profile: Can highlight distribution or accumulation zones EMA 21/50: Ideal for identifying dynamic support levels in retracements --- 📌 Conclusion: Bitcoin is at a crucial inflection point within this multi-year Rising Wedge. A confirmed breakout could lead to new all-time highs, while a breakdown may trigger a broad correction. Traders should prepare for high volatility, wait for clear confirmation signals, and manage risk wisely in this pivotal zone. #Bitcoin #BTCUSDT #RisingWedge #BTCBreakout #TechnicalAnalysis #CryptoMarket #PriceAction #BearishReversal #CryptoSignal #ChartPattern #BitcoinAnalysis #Cryptocurrency
Long
by CryptoNuclear
#Nifty directions and levels for July 31st:Good morning, friends! 🌞 Here are the market directions and levels for July 31st: In the past two sessions, the global market (based on Dow Jones) has shown a moderately bearish sentiment, while the local market continues to reflect a bearish tone. Today, Gift Nifty indicates a gap-down opening of around 160 points (as per the chart). What can we expect today? In the previous session, both Nifty and Bank Nifty went through consolidation. Structurally, we are still in a bearish tone, and with Gift Nifty indicating a gap-down start, if the market breaks the immediate support levels with a solid candle, we can expect further correction. On the other hand, if it finds support there, then the range-bound movement is likely to continue. Which means, if the initial market takes a pullback, we can expect consolidation within the previous day’s range.
NSE:NIFTY
by Manickamtraders
2
#Banknifty directions and levels for July 31st: What can we expect today? In the previous session, both Nifty and Bank Nifty went through consolidation. Structurally, we are still in a bearish tone, and with Gift Nifty indicating a gap-down start, if the market breaks the immediate support levels with a solid candle, we can expect further correction. On the other hand, if it finds support there, then the range-bound movement is likely to continue. Which means, if the initial market takes a pullback, we can expect consolidation within the previous day’s range.
NSE:BANKNIFTY
by Manickamtraders
WULF / 3hThe unexpected 4% decline today suggests a potential shift in the wave iv (circled) corrective structure—from the previously identified triangle pattern to a more complex (w)-(x)-(y) combination. While differing corrective variations remain possible, this alternate structure now appears to be nearing completion. It is likely to precede the anticipated advance of approximately 45% in wave v (circled) of the ongoing Minor degree wave C. The Fibonacci extension target at 6.93 remains unchanged. Trend Analysis >> Upon completion of Minor wave C, the countertrend advance of Intermediate wave (B)—in progress since April 9—is expected to give way to a decline in wave (C) of the same degree. This next downtrend may begin in the coming days and has the potential to extend through the end of the year. NASDAQ:WULF   CRYPTOCAP:BTC   BITSTAMP:BTCUSD   MARKETSCOM:BITCOIN #CryptoStocks #WULF #BTCMining #Bitcoin #BTC
NASDAQ:WULF
by ElliottChart
Potential bearish drop?EUR/NZD has rejected off the pivot and could drop to the overlap support. Pivot: 1.94200 1st Support: 1.92361 1st Resistance: 1.95499 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
Bearish drop?EUR/NOK has rejected off the pivot, which acts as a pullback resistance, and could drop to the 1st support, which is a pullback support that lines up with the 161.8% Fibonacci extension. Pivot: 11.81090 1st Support: 11.72031 1st Resistance: 11.86063 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
XAUUSD – 4H Short Setup AnalysisGold (XAUUSD) has broken below the dynamic support zone of the Keltner Channel structure and is currently trading beneath the 200 EMA zone, signaling bearish momentum. Price has rejected the upper resistance band near 3385, forming a lower high and triggering a short entry at the 38.2% Fibonacci retracement zone. 📉 Trade Idea (Short Bias) Entry: Around 3360 TP1: 3317 (key support zone) TP2: 3275 (38.2% Fib ext) TP3: 3208 (100% extension target) SL: 3385 (61.8% Fib retracement) Confluences: Price rejection from upper channel 200 EMA trend resistance Clean bearish structure with momentum confirmation Fib confluence adds precision to entry and target levels If momentum sustains below 3360, further downside is likely toward the 3200 zone.
OANDA:XAUUSDShort
by VisionaryInsights
2
EURUSD H4 | Bearish reversal off overlap resistanceThe Fiber (EUR/USD) is rising towards the sell entry, which is an overlap resistance and could drop lower. Sell entry is at 1.1452, which is an overlap resistance. Stop loss is at 1.1536, which is a pullback resistance that lines up with the 38.2% Fibonacci retracement. Take profit is at 1.1323, which is a pullback support that is slightly below the 78.6% Fibonacci retracement. 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. 65% 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
EURUSD – German GDP boosts EUR, but USD still holds the reins Germany’s recently released GDP data exceeded expectations, acting as a catalyst for EURUSD to rebound after a steep decline. However, this upward move remains fragile, as the USD continues to dominate the market—especially with several key U.S. economic reports set to be released later this week. On the chart, EURUSD has just bounced from the 1.15000 support zone, which has historically served as a strong floor. If the price holds above this level and breaks the downtrend line, the short-term target could move toward the 1.15700 resistance zone. Still, the path ahead won’t be easy. The market is closely watching upcoming U.S. data, such as the jobs report and the Core PCE index—the Fed’s preferred inflation gauge. If these figures come in strong, the USD could regain strength and put pressure back on EURUSD.
Long
by Rocky_trade_
XAUUSD – Downtrend Continues as USD StrengthensGold remains under significant pressure as the U.S. dollar continues to gain strength following a series of positive economic data from the U.S. Specifically, GDP grew by 2.5%, beating expectations, while ADP Non-Farm Employment data also came in strong. This suggests the U.S. economy remains resilient, supporting the Fed's hawkish stance and keeping the dollar strong. On the 4H chart, XAUUSD has broken below the previous ascending price channel and is now trading under the 3,340.400 resistance zone – an area packed with unfilled FVGs. The current price structure leans bearish, with any rebounds likely to be temporary pullbacks. If USD strength continues, gold could drop further toward the support zone at 3,279.200 or even lower near 3,240. Trading Strategy: Focus on SELL Entry: Around 3,325 – 3,340.400 upon price rejection signals. Target: 3,279.200 or lower. Stop-loss: Above 3,342.459
OANDA:XAUUSDShort
by Rocky_trade_
16
USDOLLAR H4 | Bearish reversalBased on H4 chart analysis, we can see the price rising towards the sell entry at 12,826.67, which is a swing high resistance. Stop loss is at 12,892.30, which is a swing high resistance. Our take profit will be at 12,752.33, which is a pullback support. 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. 65% 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:USDOLLARShort
by Tradu
Bullish bounce off pullback support?CAD/CHF is falling towards the pivot, which acts as a pullback support and could bounce to the 1st resistance, which is also a pullback resistance. Pivot: 0.58652 1st Support: 0.58423 1st Resistance: 0.59211 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.
Long
by ICmarkets
Falling towards overlap support?AUD/JPY is falling towards the pivot, which has been identified as an overlap support and could bounce to the 1st resistance. Pivot: 95.65 1st Support: 94.82 1st Resistance: 96.69 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.
Long
by ICmarkets
Bearish reversal?AUD/CAD is rising towards the pivot, which aligns with the 50% Fibonacci retracement and could reverse to the swing low support. Pivot: 0.89487 1st Support: 0.88664 1st Resistance: 0.89810 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