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Harmonic Patterns

GOLD → Trading strategy for 500 PipsHello dear traders, let's discuss and plan our gold trading strategy for today together! Currently, gold is trading around $2913 and performing well within the 1-hour upward channel. The main reason for this price increase is market sentiment, as Trump's tariff policies could potentially trigger a trade war. Additionally, the cryptocurrency market is in crisis, causing investors to seek safe-haven assets like gold. Furthermore, strong gold buying pressure from Asian countries at the start of the year is also driving demand. As shown on the 1-hour chart, gold remains above the EMA 34, 89 lines, confirming a strong bullish trend. Despite positive CPI data for currencies, gold's strong recovery signals that buying pressure has returned. In the short term, we continue to prioritize buy-on-dip strategies :) BUY zones to watch: 2875 - 2880 2850 - 2855 2830 - 2835
OANDA:XAUUSDLong
by Brian-Trade
2
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BITSTAMP:BTCUSDEducation
by Optionclub
Copper bought at 856 booked at 868 , 12 points profit,buy on dipHow to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:COPPER1!Long
by EquityCommodityForexJaiprakash
Natural gas buy recommended at 285 ,322 Target hit next 325,332How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:NATURALGAS1!Long
by EquityCommodityForexJaiprakash
Silver XAUUSD bought at 31.45 booked at 32.30 How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
OANDA:XAGUSDLong
by EquityCommodityForexJaiprakash
Gold XAUUSD bought at 2883 booked at 2918 ,35 points profit How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
OANDA:XAUUSDLong
by EquityCommodityForexJaiprakash
Silver bought at 93300 Booked at 95730, 2430 points huge profit How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:SILVER1!Long
by EquityCommodityForexJaiprakash
Gold MCX 650 points profit booked bought at 85200 booked @85850How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:GOLD1!Long
by EquityCommodityForexJaiprakash
SELL for US30 – Target 43,000 - 43,300 by the End of the Week The Dow Jones Industrial Average (US30) has formed a bearish structure on the 4H timeframe, signaling a potential decline toward the 43,000 - 43,300 zone by the end of this week and Early Next Week. The chart highlights key technical resistance levels and a downside Fibonacci extension target, supporting a short position. Technical Analysis Bearish Indicators Rejection at Key Resistance (44,650 - 44,892) US30 failed to break above 44,650 - 44,892, confirming a bearish rejection. The price is struggling near the EMA 33 high (44,600), indicating weakness. Bearish Fibonacci Setup The price has broken below the 0.618 Fibonacci retracement level of the previous rally. The 1.618 Fibonacci extension projects a downside move toward 43,253. Bearish Volume Confirmation A large bearish volume spike confirms strong selling pressure. This suggests institutional traders are offloading long positions. EMA Resistance & Breakdown Pattern The price is trading below the short-term EMAs (44,600 & 44,426), acting as dynamic resistance. A potential bear flag breakdown is forming, increasing downside risk. Trade Setup – Short Position 📉 Sell Entry: 44,450 – 44,560 🎯 Take Profit (TP): Target 1: 43,781 (first major support) Target 2: 43,300 (end-of-week target) Final Target: 43,000 (extended bearish move) 🔴 Stop Loss (SL): 44,900 (above resistance)
CAPITALCOM:US30Short
by ngohungsky941
Gold Price Today: Sharp Drop Followed by a Sudden SurgeLast night, the global gold price briefly dropped to 2,865 USD/ounce, but it quickly surged back to 2,905 USD/ounce by the morning of February 13, 2025, driven by an increase in demand for safe-haven assets. The initial drop in gold prices was triggered by inflation data from the U.S., with the January 2025 Consumer Price Index (CPI) rising by 0.5%, higher than the expected 0.3%, sparking concerns about the FED's ability to maintain low interest rates. This information dampened expectations of a rate cut, putting pressure on the gold market. However, despite a slight sell-off, concerns about rising inflation and geopolitical tensions continue to fuel strong demand for gold as a safe-haven asset. The recovery in gold prices indicates that investors still trust the value of this precious metal as a hedge against global economic instability. From a technical chart perspective, gold is currently supported by the 2,879 USD/ounce level, setting the stage for a potential upward trend. The next target is to challenge the resistance level of 2,933 USD/ounce. If gold surpasses this level, it could quickly move toward the 2,950 USD/ounce mark. Breaking through the 2,933 USD/ounce resistance would open the door for a stronger rally in the short term, pushing gold toward higher levels and solidifying its position as an essential safe-haven asset in investment portfolios.
OANDA:XAUUSD
by Brigi_ta
#Nifty directions and levels for February 13th:Good morning, Friends! 🌞 Here are the market directions and levels for February 13th: Market Overview The global market continues to maintain a bullish sentiment (as indicated by the Dow Jones), while the local market is showing a moderately bullish sentiment. Today, the market may open with a neutral to slight gap-up, as the GiftNifty signals a positive move of 60 points. In the previous session, both Nifty and Bank Nifty experienced a solid pullback. Despite the pullback, we are still in a bearish trend in the larger picture, so some seller dominance is possible. > If the market pulls back strongly and breaks the immediate resistance effectively, we can expect the pullback to continue. >On the other hand, if it rejects around the immediate resistance level, the market could consolidate within the previous day's range with a bullish bias. Apart from this, the levels and directions are shared in the chart. Please check the chart for more details. Have a nice day!
NSE:NIFTY
by Manickamtraders
#Banknifty directions and levels for February 13th:Good morning, Friends! 🌞 Here are the market directions and levels for February 13th: Market Overview The global market continues to maintain a bullish sentiment (as indicated by the Dow Jones), while the local market is showing a moderately bullish sentiment. Today, the market may open with a neutral to slight gap-up, as the GiftNifty signals a positive move of 60 points. In the previous session, both Nifty and Bank Nifty experienced a solid pullback. Despite the pullback, we are still in a bearish trend in the larger picture, so some seller dominance is possible. > If the market pulls back strongly and breaks the immediate resistance effectively, we can expect the pullback to continue. >On the other hand, if it rejects around the immediate resistance level, the market could consolidate within the previous day's range with a bullish bias. Apart from this, the levels and directions are shared in the chart. Please check the chart for more details. Have a nice day!
NSE:BANKNIFTY
by Manickamtraders
USD/INR - Where the rupee is heading, Will it reach the 90s?FX_IDC:USDINR Looking at the daily chart of USD/INR we can see a breakout at 86.68 level. And now there is a retracement from 87.95 levels. The question is whether it will make a new high or not, should we remain bullish on USD? Let's refer the history to find a high probability answer. From Oct'18 prices consolidation for 1.5 years. During this period there was cup and handle (C&H) formation followed by a breakout in Feb-20 @72.5 INR. Note that the base of the handle was at 70.55 INR. The momentum continued till 77 Rs in Apr-20. If we draw a fibo extension from 70.55 to 77 (Δ 6.45), and apply it from the next C&H breakout at 77 Rs in May-22. The upmove followed this breakout made a high @ 83.285Rs. which is approx equal to (B/o pt + Δ) = (77+6.45 = 83.45). Now Lets apply this concept to find the high of current bull run. Let draw Fibo extension from base of the handle to top of the the entire run i.e from 75.288 to 83.285 (Δ ≈ 8) And apply it from the B/o of C&H pattern @83.41 Rs. So the next targets are {(B/o pt + Δ) = (83.41+8 = 91.41)} or {(B/o pt + 1.618*Δ) = (83.41+1.618*8 = 96.35)}
Long
by saransh_bagdi
Silver sold at 95300 made low 92930 , now holding buy 93900 How to take trades using Harmonic pattern projection Trade setup is explained below :- 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:SILVER1!
by EquityCommodityForexJaiprakash
Copper sold at 861 booked at 851 now holding buy 853 , 866 TargtHow to take trades using Harmonic pattern projection Trade setup is explained below :- 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:COPPER1!Long
by EquityCommodityForexJaiprakash
Crude bought at 6225 booked at 6395 after that fall come buy dipHow to take trades using Harmonic pattern projection Trade setup is explained below :- 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:CRUDEOIL1!Long
by EquityCommodityForexJaiprakash
2
Gold as provided chart previously 84400 until not break uptrend How to take trades using Harmonic pattern projection Trade setup is explained below :- 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:GOLD1!
by EquityCommodityForexJaiprakash
Kotak Bank: RBI Lifts Curbs, Bullish Breakout Ahead?1. Key Market Update: The Reserve Bank of India (RBI) has lifted restrictions on Kotak Mahindra Bank, allowing it to resume onboarding new customers and issue new credit cards. This move is expected to boost investor sentiment and drive potential upside momentum in the stock. 2. Impact on Price Action & Technical Analysis: Bullish Breakout Trigger: The news acts as a positive catalyst, increasing the likelihood of a breakout above the 1959 resistance zone (Bearish Order Block). Increased Demand Potential: With the ability to onboard new customers and expand its credit card business, Kotak Bank’s revenue potential improves, supporting a sustained bullish move. 3. Updated Trading Plan: Bullish Scenario Above 1960, the stock may rally toward 2037+ levels, backed by positive news sentiment. A strong breakout with volume above 1959 could confirm bullish momentum. Bearish Scenario If 1874 breaks, downside pressure may push the stock toward 1802 - 1760. Failure to sustain above 1959 may lead to rejection and pullback. News acts as a bullish catalyst, increasing the probability of a breakout above 1959 resistance. Watch for volume confirmation and breakout strength before entering long positions. Sentiment-driven moves can be volatile; risk management is essential. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
NSE:KOTAKBANKLong
by ALICEBLUE