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Harmonic Patterns

Goldiam International Ltd - Breakout Setup, Move is ON...#GOLDIAM trading above Resistance of 395 Next Resistance is at 491 Support is at 299 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GOLDIAMLong
by MandeepSinghKohli
USDCHF_H4USD/CHF Currency Pair Analysis: From a technical perspective, USD/CHF on the 4-hour time frame, after multiple BOS (Break of Structure) formations, has now created a CHOCH (Change of Character) and broken the last low of the uptrend to the downside. Currently, with the decline of the moving averages on the ALLIGATOR indicator, there is a possibility of a price decrease. Overall, this scenario is strengthened by the condition that USD/CHF, unless a 4-hour candle close occurs above the Fair Value Gap (FVG) in the range of 0.9090-0.9067, could potentially decline towards the FVG in the range of 0.8949-0.8937.
Short
by Arshia_Technomental
1
USDCAD_H4- Connection to Oil Prices: The rise in crude oil prices, following the announcement of a decrease in US oil inventories and supply concerns due to new US sanctions on Russia, has strengthened the Canadian Dollar. - Canada’s Role in the Oil Market: Canada is the largest oil exporter to the United States, and fluctuations in oil prices directly affect the value of the Canadian Dollar. Outlook - US Dollar: Lower-than-expected inflation data and the possibility of rate cuts by the Federal Reserve are likely to result in further depreciation of the US Dollar. Upcoming economic reports, such as retail sales and production indices, will play a key role in the next movement of the USD. - Canadian Dollar: Continued oil price increases and positive economic data could strengthen the Canadian Dollar against the US Dollar. Investors should keep an eye on reports related to Canada’s production and exports.
Long
by Arshia_Technomental
1
EURUSD NEXT POSSIBLE MOVE SAXO:EURUSD As of January 17, 2025, the EUR/USD pair is exhibiting bearish tendencies, suggesting potential selling opportunities. **Market Pulse** The Euro continues to face downward pressure against the US Dollar, influenced by strong US economic data and a hawkish stance from the Federal Reserve. Additionally, the Eurozone's economic challenges and geopolitical uncertainties contribute to the Euro's weakness. **Key Levels** - **Resistance:** 1.0375 (intraday), 1.0405 (key resistance zone). - **Support:** 1.0200 (immediate support), 1.0175 (target for further decline). **Technical Signals** - **Trend:** Bearish momentum is evident, with a clear downward bias. - **RSI:** Approaching oversold territory, indicating strong selling pressure. - **MACD:** Negative momentum increasing, supporting the bearish outlook. - **EMA:** Price is trading below the 20 and 50 EMAs, confirming the downtrend. **Global News** - **US Economic Data:** Robust US economic indicators continue to bolster the USD. - **Eurozone Outlook:** Economic indicators suggest sluggish growth, adding pressure on the Euro. - **Geopolitical Tensions:** Ongoing uncertainties contribute to market volatility, favoring safe-haven currencies like the USD. **Market Sentiment** - **Forex Client Sentiment:** 60% long, 40% short. - **Myfxbook Sentiment:** 70% long, 30% short. - **Dukascopy Sentiment:** Predominantly long positions in EUR/USD. - **FOREX.com Sentiment:** 65% net long, 35% net short. - **Note:** Despite the bearish technical indicators, market sentiment remains bullish, which could act as a contrarian indicator, suggesting potential for further downside. **Your Move** Given the current bearish momentum, consider selling opportunities near resistance levels, targeting the support zones. How do you plan to position yourself in today's market? Share your strategy!
Short
by RBSBALA
Gold Bearish Wolf Wave & Alt Bat Harmonic Sell Setup: TP 2660, SThis analysis identifies a bearish Wolf Wave formation and an Alternate Bat Harmonic pattern, signaling a potential reversal in gold prices. The trade setup is supported by additional confluence with the R1 Pivot Point Indicator and an ICT Resistance Zone, enhancing the credibility of the bearish outlook. Key highlights: Wolf Wave Pattern: The bearish Wolf Wave projects a reversal from the ICT resistance zone, aligning with the R1 pivot level at 2725. Alt Bat Harmonic: The completion of the Alternate Bat pattern near the 2725 resistance area further validates the potential for a downside move. ICT Resistance Zone: Institutional price levels coincide with key technical indicators, confirming strong resistance near 2725. Target Profit & Stop Loss: TP: 2660 (based on harmonic projection and Wolf Wave target). SL: 2725 (above the resistance zone and harmonic invalidation level). This setup provides a high-probability sell opportunity with precise entry, exit, and risk management levels.
OANDA:XAUUSDShort
by HFCElite
Nifty View 17.1.25 Ke LiyeThe **Nifty 50**, also known simply as the **Nifty**, is the benchmark stock market index of the **National Stock Exchange of India (NSE)**. It represents the top 50 companies listed on the NSE, covering a wide range of sectors, and is one of the most widely followed equity indices in India. ### Key Points About Nifty 50: 1. **Composition**: The Nifty 50 comprises 50 large-cap companies, selected based on free-float market capitalization, representing diverse sectors of the Indian economy. 2. **Sectors**: The index includes sectors like information technology, financial services, energy, consumer goods, pharmaceuticals, and automobiles, among others. 3. **Market Representation**: The Nifty 50 accounts for approximately 65-70% of the total market capitalization of the NSE, making it a key indicator of the overall health of the Indian equity market. 4. **Base Year**: The index was launched in 1996, with a base value of 1,000 points, using 1995 as the base year. 5. **Calculation**: It is calculated using the free-float market capitalization methodology. The index is weighted by free-float market capitalization, where companies with larger market capitalizations have a higher weight. 6. **Importance**: The Nifty 50 is a key reference for investors, fund managers, and analysts. It serves as a benchmark for the performance of Indian equities and is widely used for index-based investing products such as ETFs and mutual funds. 7. **Global Recognition**: The Nifty 50 is also a globally recognized index, with international investors keeping a close watch on its performance, as it represents the growth and trends of the Indian economy. ### Example of Nifty 50 Constituents: Some of the prominent companies included in the Nifty 50 index (as of the last update) are: - **Reliance Industries** - **Tata Consultancy Services (TCS)** - **Infosys** - **HDFC Bank** - **ICICI Bank** - **Hindustan Unilever** The Nifty 50 is commonly used by investors and market analysts to assess the performance of Indian markets and make investment decisions.
NSE:NIFTYLong
by TheGoldenFarmsofEquity