Get started

Harmonic Patterns

$TRX PRICE FORECAST | IS $5 POSSIBLE? | ANALYSIS BY CRYPTOPATELCRYPTOCAP:TRX PRICE FORECAST | IS $5 POSSIBLE? | ANALYSIS BY CRYPTOPATEL #TRX Is Quietly Building A Massive Multi-Year Base On The 2W Chart. Price Has Respected The Same Rising HTF Trendline Since 2020 — A Clear Sign Of Long-Term Strength. Technical Highlights: ✅ Clean Higher Highs & Higher Lows ✅ Multi-Year Ascending HTF Trendline Holding ✅ Strong HTF Demand Zone Holding At ~$0.25 ✅ Extended Consolidation → Expansion Setup ✅ Macro Trend Bias Remains Bullish CryptoPatel Targets: $1 → $2 → $5+ Invalidation: ❌ Weekly Close Below ~$0.20 As Long As TRX/USDT Holds Above $0.25, The Bullish Structure Remains Intact. A Loss Of This Level Would Break The Macro Thesis. Cycle Outlook: 2025 = Compression Phase 2026–2027 = Potential Parabolic Expansion TA Only | DYOR | Not Financial Advice
Long
by CryptoPatel
1
XAUUSD H1 Bullish Trend and Key LevelsXAUUSD on the H1 is showing a bullish trend. Price earlier swept liquidity near previous highs and then pulled back to form a strong support zone around 4265–4300. This area marked a Change of Character , showing that buyers are in control. The market now makes higher highs and higher lows, confirmed by multiple Breaks of Structure along the uptrend. Price is currently consolidating above 4480–4490, which acts as a strong intraday support. The main invalidation for bulls remains the 4265–4300 support zone. On the upside, the all-time high near 4550 is an important resistance and liquidity area. A clean break and close above this level may allow the trend to continue higher. Minor pullbacks are normal within the bullish trend. Summary for Traders: Trend: Bullish while above key support Support: 4480–4490 (intraday), 4265–4300 (major) Resistance: 4550 (ATH liquidity) Tip: Follow market structure and key zones; avoid impulsive trades near resistance Overall: Bias is bullish. Focus on structure, support, and confirmed moves for better trading decisions.
OANDA:XAUUSDLong
by SwingTrade_Concept
XAUUSD (Gold) | Technical Outlook | 7th Jan'2026Gold (XAU/USD) is trading near 4,465, witnessing a healthy pullback after testing the 4,500 resistance zone. Despite short-term consolidation, the overall trend remains strongly bullish across Daily, Weekly, and Monthly timeframes. Price continues to hold above key moving averages, indicating buyers are still in control. Key Levels Resistance: 4,500 – 4,525 – 4,550 Support: 4,450 – 4,415 – 4,380 Bullish Scenario: Holding above 4,450 keeps the upside open toward 4,500+. A breakout above 4,505 may accelerate buying momentum. Bearish Scenario: A sustained break below 4,440 could trigger a corrective move toward 4,415–4,380, while the broader trend remains bullish above 4,360. Intraday Strategy: ✔ Buy on dips near 4,450–4,435 ✔ Buy breakout above 4,505 ✔ Sell only below 4,440 (short-term) Macro Triggers to Watch: • US Dollar Index & Bond Yields • Inflation data (CPI/PPI) • Fed speeches & FOMC signals • Geopolitical developments ⚠️ Disclaimer: This analysis is for educational purposes only. Gold trading involves risk. Always use proper risk management and consult your financial advisor before taking trades.
OANDA:XAUUSD
by tradewith_ritik
XAUUSD/GOLD 1H BULLISH ENGULFING BUY PROJECTION 07.01.26Falling Wedge pattern (Bullish Reversal) on XAUUSD – 1H timeframe. Why this is a Falling Wedge 👇 Price is making lower highs and lower lows Both trendlines are converging Selling pressure is reducing Pattern forms after an uptrend → healthy pullback What it indicates 📈 Bullish reversal / continuation High probability of upside breakout Best used for BUY setups Your chart logic is correct because: Entry is near wedge support Stop-loss placed below structure support Target toward previous resistance / ATH Risk–Reward ≈ 1:2 (good trade management) Trade idea summary: Pattern: Falling Wedge Bias: Bullish Action: Buy on breakout / confirmation Target: Resistance / ATH zone SL: Below wedge + support
OANDA:XAUUSDLong
by kripsonfx97
2
Part 10 Trade Like Institutions Option Buyers vs Option Sellers Understanding the difference is crucial. Option Buyers Pay premium. Have limited risk. Profit only when market moves strongly in expected direction. Time works against them due to premium decay. Option Sellers (Writers) Receive premium upfront. Take unlimited or high risk. Profit when market stays sideways or moves slowly. Time works in their favor due to time decay. This structure creates a balanced market between buyers and sellers.
NSE:SILVERBEESEducation
by SkyTradingZone
Part 9 Trading Master ClassWhy Trade Options? Option trading offers several advantages: A. Leverage Options allow you to control large positions with small capital. For example, instead of buying shares worth ₹2,00,000, you may buy a call option for just ₹5,000. B. Flexibility Options let you trade bullish, bearish, or neutral markets. C. Hedging Investors use options to protect portfolio losses—like buying insurance. D. Income Generation Selling options earns premium income every expiry. E. Risk Management Defined-risk strategies like spreads help in controlled exposure.
NSE:HINDUNILVREducation
by SkyTradingZone
Part 8 Trading Master ClassHow Option Trading Works Unlike stock trading where you buy shares directly, in option trading you buy contracts. Each contract controls a certain quantity of the underlying asset. Example: If NIFTY is trading at 24,000 and you buy a NIFTY 24,000 CE, you are purchasing a call option with strike 24,000. If NIFTY moves above this level before expiry, your call option gains value. In options, your potential loss is limited to premium paid, but profits can be unlimited for calls and substantial for puts. This limited risk attracts many traders.
NSE:SBINEducation
by SkyTradingZone
Part 7 Trading Master Class What Are Options? Options are financial derivatives, meaning their value is derived from an underlying asset such as stocks, indices, commodities, or currencies. An option is a contract that gives the buyer the right, but not the obligation, to buy or sell the underlying asset at a predefined price before or on a fixed date. There are two types of options: 1. Call Option Gives the right to buy. A trader buys a call if they expect the price of the underlying asset to go up. 2. Put Option Gives the right to sell. A trader buys a put if they expect the price to go down. Each option has: Strike Price: The price at which buying/selling occurs. Expiry Date: The last date the contract is valid. Premium: The price paid to buy the option.
TVC:SPXEducation
by SkyTradingZone
TATASTEEL 1 Month Time Frame 📍 Current Price (approx): ~₹184 – ₹186 per share on NSE (recent session close / live around this area) according to live market data. 🔎 1‑Month Technical Levels (Daily/Short‑Term) 🟢 Immediate Support Levels These are zones where price tends to attract buying interest on pullbacks: ₹182–₹183 — Immediate first support around recent short‑term pullback lows. ₹178–₹180 — Stronger support band seen from recent swing reactions and range base. ₹172–₹175 — Secondary support if the above breaks, also aligns with short‑term EMA clusters. 👉 Major bullish structure remains intact as long as ₹178–₹180 holds on daily closes. 🔴 Resistance Levels to Watch These are levels where supply / selling pressure can slow or reverse upside: ₹187–₹188 — Immediate resistance near recent highs (close to 52‑week peak). ₹190–₹192 — Next near‑term target if price decisively breaks above the ₹188 zone. ₹195–₹200 — Higher range resistance area (psychological / medium‑term). 💡 Staying above ₹187–₹188 on a close could open the run toward ₹190+ in the next few weeks. 🧠 Trading & Risk Structure (1‑Month Frame) Bullish scenario: ✔ Holds above ₹178–₹180 support zone ✔ Clears ₹187–₹188 resistance on closing basis ➡ Upside toward ₹190–₹195 possible Bearish risk: ⚠ Break and daily close below ₹178 ➡ Sellers could push toward ₹172–₹175 support
NSE:TATASTEELLong
by Knowledgehub
ELECON 1 Day Time Frame 📊 Live/Recent Price (India Market) Approx. share price: ~₹479–₹515 range today (prices vary across live sources/delays). Previous close was around ₹497–₹499. Intraday price range seen: ~₹480 (low) to ₹517 (high). 📈 Key One‑Day Pivot & Levels (Useful for short‑term trading/entry‑exit zones) Pivot Points (daily): Pivot (central) ~ ₹485–₹494 — reference mid‑point for today’s trend. Resistance Levels: R1: ~ ₹495–₹500 — first hurdle above current price. R2: ~ ₹509–₹510 — next resistance / potential target on upside. R3: ~ ₹518–₹524 — stronger upside barrier. Support Levels: S1: ~ ₹476–₹477 — nearest intraday support. S2: ~ ₹470–₹471 — next downside buffer. S3: ~ ₹461–₹462 — deeper support zone. Pivot and fib levels are often calculated using previous day’s high‑low‑close prices to forecast intraday turning points. 📌 Summary for Today’s 1‑Day View Bullish bias ✔ Close above R1 (~₹495) could push price toward R2 (~₹509–₹510) and R3 (~₹518–₹524). Bearish caution ✘ A break below S1 (~₹476) might expose S2 (~₹470) and then S3 (~₹461) supports.
NSE:ELECONLong
by Knowledgehub
CANBK 1 Month Time Frame 📊 Live Price Snapshot Current market price: ~₹155 – ₹156 range on NSE. 🔁 1‑Month Key Support & Resistance Levels (based on recent pivot & price data) 📈 Resistance Levels (Upside) ₹156 – ₹157 — Immediate resistance (Pivot + recent highs). ₹157.4 – ₹158.8 — Next resistance zone near recent 52‑week high. ₹160 + — Further upside beyond range expansion (short‑term breakout level). 👉 As long as price remains above ₹156–₹157, short‑term bias stays positive. 📉 Support Levels (Downside) ₹153 – ₹154 — Near short‑term support / pivot collision zone. ₹151.5 – ₹152 — Key short‑term support from Fibonacci/MA area. ₹149 – ₹150 — Deeper support if stocks correct further. 💡 A break below ₹151 could signal mild pullback pressure; staying above ₹154–₹156 keeps the short‑term uptrend intact. 📊 Moving Averages & Trend Signals (1‑Month Context) Daily & weekly SMAs/EMAs show bullish bias with price above most key moving averages. RSI (~57) in bullish to neutral territory — not overbought, so room for continuation. MACD and other momentum readings support mild bullish momentum. 🗒️ What This Means for Traders ✔️ Bullish bias near current levels as long as above the 1st support zone (~₹153–₹154). ✔️ Watch out for pivot breaks: ‑ Below ₹151 for a short‑term pullback, ‑ Above ₹158 for upside continuation. ✔️ Confirm with volume and intraday momentum before major positional decisions.
NSE:CANBKLong
by Knowledgehub
RELIANCE 1 Week Time Frame 📌 Current Price Snapshot RELIANCE.NS is trading around ~₹1,507 – ₹1,510 per share on NSE. 📉 Key Weekly Support Levels These are levels where price may find buying support on pullbacks: 🟩 Support 1: ~₹1,518 – ₹1,520 — near short‑term pivot support zone for the week. 🟩 Support 2: ~₹1,498 – ₹1,500 — next floor if sellers dominate early week. 🟩 Lower Support: ~₹1,479 – ₹1,480 — broader weekly downside reference. 👉 A weekly close above ₹1,518 would suggest short‑term stabilization before potential bounce. 📈 Key Weekly Resistance Levels Levels where upside may face selling pressure: 🔴 Resistance 1: ~₹1,555 – ₹1,560 — nearest upside hurdle. 🔴 Resistance 2: ~₹1,600 – ₹1,612 — mid‑week challenge zone (~52‑week area). 🔴 Higher Resistance: ~₹1,630 – ₹1,668 — stretch target if bullish momentum picks up. 👉 A weekly close above ~₹1,612–₹1,620 would signal stronger bullish bias and possible follow‑through to higher levels. 📊 Weekly Price Range Estimate Expected trading corridor for this week: 📉 Downside: ~₹1,498 – ₹1,500 📈 Upside: ~₹1,630 – ₹1,668 This range represents the key support and resistance boundaries traders may watch for breakouts or breakdowns during the week’s sessions.
NSE:RELIANCELong
by Knowledgehub
HDFCBANK 1 Week Time Frame 📌 Current Context (approx live price): HDFC Bank shares are trading around ~₹950–₹970 on NSE recently. 📊 Key Weekly Levels (Short‑Term) Resistance Levels (Upside) R1: ~ ₹1,009 – ₹1,010 — first major resistance this week. R2: ~ ₹1,016 – ₹1,017 — stronger supply zone if the stock pushes higher. R3: ~ ₹1,025 – ₹1,030 — extended resistance early next week if buyers continue. Support Levels (Downside) S1: ~ ₹988 – ₹990 — immediate support zone this week. S2: ~ ₹974 – ₹975 — second support if selling pressure increases. S3: ~ ₹967 – ₹970 — lower band of the expected weekly trading range. Projected Weekly Range: 👉 ~₹967 – ₹1,030 based on weekly pivot calculations and technical outlook. 🔍 How to Use These Levels This Week Bullish scenario: A sustained close above ~₹1,009–₹1,010 on daily closes could push price toward ₹1,016–₹1,030 in the next few sessions. Bearish / stress scenario: A break and close below ~₹974–₹970 could open space toward the ₹950–₹940 area (short‑term demand zones).
NSE:HDFCBANKLong
by Knowledgehub
How to Avoid Breakout Traps in TradingUnderstanding What a Breakout Trap Is A breakout trap occurs when price appears to break an important level such as support, resistance, trendline, or chart pattern boundary, but fails to sustain that move. Instead of continuing in the breakout direction, the market reverses and moves aggressively in the opposite direction. Retail traders often enter late on excitement or fear of missing out, while smart money uses this liquidity to exit or enter opposite positions. Recognizing that markets are driven by liquidity rather than obvious patterns is the first step in avoiding breakout traps. Importance of Market Context One of the most effective ways to avoid breakout traps is to analyze the broader market context. Breakouts behave differently depending on whether the market is trending, ranging, or highly volatile. In a strong trending market, breakouts are more likely to succeed. In contrast, range-bound or choppy markets tend to produce frequent false breakouts. Traders should always ask: Is the market trending or consolidating? Entering breakout trades in tight ranges without strong momentum significantly increases the probability of getting trapped. Volume as a Confirmation Tool Volume is a critical factor in validating breakouts. A genuine breakout is usually supported by a noticeable increase in volume, reflecting strong participation and conviction. False breakouts often occur on low or average volume, indicating a lack of commitment. If price breaks a level but volume remains weak or declines, it is a warning sign that the move may fail. Traders should avoid entering breakouts that lack volume confirmation and instead wait for clear signs of market participation. Waiting for Candle Close Confirmation Many breakout traps happen because traders enter positions the moment price crosses a level. Professional traders often wait for a candle close beyond the breakout level on the chosen timeframe. A close confirms that the market accepted the new price area rather than rejecting it. For example, if resistance is broken intraday but the candle closes below it, the breakout has failed. Patience in waiting for confirmation significantly reduces false entries. Role of Retest and Pullback One of the safest ways to trade breakouts is to wait for a retest of the broken level. After a true breakout, price often pulls back to test the former resistance (now support) or former support (now resistance). If the level holds and price shows rejection signals such as strong bullish or bearish candles, the probability of a successful trade increases. Breakout traps often fail during retests, making this approach a powerful filter against false signals. Avoiding News and High-Volatility Periods Major economic news, earnings announcements, and central bank decisions often create sharp price spikes that look like breakouts but quickly reverse. These moves are driven by short-term volatility rather than sustainable trend shifts. Trading breakouts during such periods is risky unless one is experienced with news-based strategies. To avoid traps, traders should be aware of the economic calendar and either reduce position size or stay out of the market during high-impact events. Using Multiple Timeframe Analysis Analyzing multiple timeframes helps traders identify stronger and more reliable breakouts. A breakout that aligns with higher timeframe trends has a greater chance of success. For example, a breakout on a 15-minute chart that goes against the daily trend is more likely to fail. Checking higher timeframes for trend direction, key levels, and market structure can prevent traders from entering low-probability breakout trades. Recognizing Liquidity Zones and Stop Hunts Markets often move toward areas where stop-loss orders are clustered, such as above obvious resistance or below clear support. Smart money may intentionally push price beyond these levels to trigger stops and create liquidity before reversing. Traders should be cautious of breakouts at obvious levels that everyone is watching. Instead of entering immediately, observe price behavior to see whether the breakout is accepted or quickly rejected. Risk Management and Position Sizing Even with the best analysis, some breakout traps are unavoidable. Effective risk management ensures that a single false breakout does not cause significant damage. Using predefined stop-loss levels, limiting risk per trade, and maintaining proper position sizing are essential. Stops should be placed logically, not emotionally, and traders should accept small losses as part of the trading process rather than trying to avoid losses entirely. Emotional Discipline and Patience Breakout traps often exploit trader psychology, particularly fear of missing out and overconfidence. Emotional trading leads to impulsive entries and poor decision-making. Developing discipline, sticking to a trading plan, and accepting that not every breakout needs to be traded are crucial skills. Sometimes the best trade is no trade, especially when conditions are unclear. Continuous Review and Learning Finally, avoiding breakout traps requires continuous learning and self-review. Traders should maintain a journal documenting breakout trades, noting which ones succeeded and which failed. Over time, patterns emerge that highlight common mistakes and areas for improvement. Learning from past traps transforms losses into valuable lessons and strengthens overall trading performance. Conclusion Breakout traps are an inevitable part of trading, but they do not have to be devastating. By understanding market context, using volume and confirmation tools, waiting for retests, applying multi-timeframe analysis, and practicing strong risk management, traders can significantly reduce the impact of false breakouts. Success in breakout trading is not about catching every move, but about filtering out low-quality setups and focusing on high-probability opportunities. With patience, discipline, and experience, traders can turn breakout traps from costly mistakes into powerful learning experiences.
Education
by TechnicalExpress
BTCUSD Price Structure & Key LevelsBTCUSD is showing a clear recovery after an earlier corrective decline. Price found strong buying interest around the 86,000–86,500 zone, where selling pressure weakened and the market began forming higher lows. This behaviour signalled a shift in control from sellers to buyers. The bullish shift was validated once price achieved a Break of Structure above previous resistance. Following this move, BTCUSD continued to build a sequence of higher highs and higher lows, confirming an active bullish trend. The upward movement is supported by impulsive candles, while pullbacks remain shallow, indicating stable momentum rather than distribution. During the rally, multiple Fair Value Gaps were left behind, created by strong directional movement. Key demand areas are visible around 91,200–90,800 and further below near 89,200–88,800. These zones may attract buyers again if price retraces, as they represent areas of price imbalance. On the upside, price is reacting near the 94,200–94,400 resistance band, which aligns with prior highs and short-term liquidity. A sustained hold above this zone may allow continuation toward the 96,000 region, while rejection here could lead to a healthy pullback into previous demand without changing the overall trend. In summary, the market structure remains bullish as long as price holds above the most recent higher low, with attention on reactions at highlighted support and resistance levels. Disclaimer: This analysis is for educational purposes only. It is not financial advice. Trading involves risk and uncertainty.
OANDA:BTCUSDShort
by SwingTrade_Concept
XAUUSD Structure, Zones & Price BehaviourGold is transitioning from a corrective bearish phase into a developing bullish recovery. Earlier price action shows a clear bearish trendline, formed after rejection from the 4550 major resistance, which triggered strong selling pressure. This decline remained controlled and eventually slowed near the 4260–4290 demand zone, where buyers stepped in with strength. The reaction from this demand zone marked a key shift in sentiment. Price began forming higher lows, followed by a decisive Break of Structure above the prior internal resistance around 4380–4400. This BOS confirms that bearish momentum has weakened and buyers are now gaining short-term control. During the impulsive recovery, a visible Fair Value Gap was created near 4330–4360, highlighting an imbalance caused by aggressive buying. This area may act as a potential buy-on-dip zone if price revisits it, provided overall structure remains intact. Another layer of support sits near 4400, which now acts as a flip level after previous resistance. On the upside, price is currently consolidating below 4470–4485, where minor profit-taking is visible. A clean hold above this region opens the path toward the 4550 resistance, which remains the most important supply level on the chart. A rejection from that zone could lead to consolidation, while acceptance above it would signal broader bullish continuation. Overall structure is shifting bullish, supported by demand reaction, BOS confirmation, and healthy pullbacks. Disclaimer: This analysis is for educational purposes only. It is not financial advice. Trading involves risk and uncertainty.
OANDA:XAUUSDLong
by SwingTrade_Concept