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Harmonic Patterns

ELI LILLY Is starting its next big rally.Eli Lilly (LLY) is about to test its 1W MA50 (blue trend-line) following a rebound just below the 1W MA100 (green trend-line). The latter, has been the ultimate market Support since May 2018 (last time it broke below it). The overall correction since the July 15 2024 High seems like a Bull Flag pattern, no different than all the others after 2018 which only served as healthy rebalancing of an overbought price action. Based on he 1W RSI in particular and the Bullish Divergence it displayed, the current Bull Flag resembles more the March - October 2019 pattern. Both that and the next one reached their 2.0 Fibonacci extensions. As a result, our long-term Target on LLY is just below the 2.0 Fib at $1300. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:LLYLong
by TradingShot
DOW JONES Inverse Head and Shoulders close to a bullish breakoutDow Jones (DJI) has completed an Inverse Head and Shoulders (IH&S) pattern, having formed the Right Shoulder supported by the 1D MA50 (blue trend-line). The price is now slowly rising to test the upper neckline and if broken, expect a strong movement upwards. Technically, such patterns target their 2.0 Fibonacci extensions. The current one is at 49200 and that's our long-term Target. If you seek lower risk, you may target the 1.5 Fib extension. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:US30Long
by TradingShot
4
Gold fluctuates, awaiting CPI data.In Asian trading on Wednesday, traders are awaiting the release of the latest U.S. Consumer Price Index (CPI) data for May. Estimates suggest that prices are likely to rise as American households feel the impact of tariffs imposed by the Trump administration. But the easing between the world's two largest economies should have an adverse impact on safe-haven assets such as gold, and the lack of a downward trend in gold prices suggests that investors are waiting for more developments. In terms of short-term trends, the gold 1-hour chart shows that gold prices remain in an upward channel with a low point. So from the trend, the current momentum for gold to rise will be stronger. The price pullback is giving opportunities to go long. The change of thinking is actually following the trend. For the current operation, enter the market with the trend, and cover the position when it falls back or break through the profit position to cover the position. In a strong market, during the correction phase, the price is rising, and the amplitude of the correction is often small. The bulls retreated at the opening to accumulate momentum. Above is the pressure level of 3350-3360. Once it breaks through and stabilizes, it will accelerate the upward trend. Just follow the general trend of the market. Operation strategy: Go long when the price falls back to 3310-3320, stop loss at 3300, and profit range is 3345-3360.
OANDA:XAUUSD
by Quaid-1
MOVRUSDT – Bullish Momentum Building on Daily ChartMOVRUSDT – Bullish Momentum Building on Daily Chart The daily chart is indicating short-term upward momentum, supported by a bullish crossover of the 50-day and 200-day SMAs on the 4-hour timeframe. RSI is hovering around 74, showing strong buying pressure without being extremely overbought. MACD is bullish, and price action is pressing against key resistance at $7.50. A breakout above this level with strong volume could trigger the next leg up toward $8.00 and beyond. Watch for consolidation between $7.00–$7.50 as a potential accumulation zone.
Long
by Cola-Signals
Gold remains volatile at high levelsGold hit a low of 3302 on Tuesday and then rebounded. Then it hit a high of 3348 in the US market and then retreated to 3315 before rising again. It is still fluctuating around 3340. It closed at a cross star pattern with a negative line yesterday. The trend of the day is more critical. Although the bulls tried to break through in the short term, they did not break through after all. The current key pressure above is maintained at 3345-50. We continue to pay attention to the gains and losses of 3345-50. From the 4-hour analysis, the support below is around 3315-20. If we step back and rely on this position, we will continue to look at the continuation of the rebound. The resistance above is around 3345-50. The overall gold price remains unchanged in the main tone of high-altitude and low-multiple cycles. I will remind you of the specific operation strategy during the trading session, so please pay attention to it in time. Gold operation strategy: 1. Buy when gold falls back to 3315-20, and add more when it falls back to 3295-3003, stop loss at 3285, target at 3345-3350, and continue to hold if it breaks;
PYTH:XAUUSDLong
by WillChurchill
Boeing (BA): Watching for a Break Above 218.80NYSE:BA has a strong chance of breaking above the 218.80 level , with a potential move toward 221.98 . I plan to enter 1 tick above 218.80, with a stop-loss based on the 5-minute ATR (period 10). 🔍 Technical Outlook: BA is currently moving within an upward ABCD channel. The projected upside is capped by a strong resistance zone at 221.98 – a level derived from the daily chart and previous price action. The market may or may not react to it, but it’s a logical target within a solid risk-to-reward setup. One aspect I particularly like about this setup is the market’s inability to close significantly below the previous pivot high at 215.80. This suggests underlying strength. If we see a confident move above resistance, the trade could be triggered with momentum.
NYSE:BALong
by Zechyx
AMZN: Watch for a Break Above 218.00If NASDAQ:AMZN manages to push above 217.85 , there's a strong chance we’ll see a move toward 219.96 . However, caution is advised around the 218.00 level – both premarket and postmarket sessions showed hesitation and failed to hold above that resistance. A more conservative approach would be to wait for a clean break above 218.00 before entering. 🔍 Context: We’re currently in a solid uptrend. On the daily chart, we’ve seen a rejection of the downside, marked by an inside bullish candle with a notable wick – suggesting upward pressure that the market may try to release. Given recent premarket activity, the 218.00 area remains a key battleground for bulls and bears alike.
NASDAQ:AMZNLong
by Zechyx