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Harmonic Patterns

17th Jul 2026 — Nifty Report — 127pts up, Reclaimed 6th JulNifty Stance: Neutral Last week, our markets reacted to the social media posts from Trump that the military activities in Iran may intensify. Our markets fell first and then retraced a portion of their losses. This week, we ensured the retracement is complete, and we are now trading at a level as seen on the 6th of July, well before Trump’s statements, indicating that the markets have now priced in a status quo on the US-Iran situation. Press enter or click to view image in full size The technical indicators are still showing a neutral stance, with a slight hint of bullishness, as the Fast EMA (blue) has crossed above the Slow EMA (green). The crossover is indicated by the green arrow marker on the chart. The Average Directional Index (ADX) is around 11, indicating a non-directional trend. The moment it goes above 20, we can expect a rally or breakdown. Overall, Nifty has gained 127.4 pts (0.53%) and created a bullish marubozu on the weekly chart (because we started with a gap-down on the 13th). Important Things to Watch for the Next Week Quarterly Earnings: Ultratech Cements, PayTM, Bajaj Auto, Adani Transmission, TVS Motor, Indian Hotels, Adani Power, Eternal, Nestle, Adani Green, BPCL, Oracle, Dr. Reddys, United Spirits, Infy, Interglobe, Cipla, Shriram Finance, CG Power, BoB, JSPL, AU Small Fin Bank, IDFC Bank, etc. Data points to watch from a domestic perspective: Infrastructure Output, Bank Loan Growth, Deposit Growth, and FX Reserves. Data points to watch from a global perspective: UK CPI, EURO Interest Rate Decision, US Jobless Claims, and S&P PMI. IPO Listing: Alpine Texworld, SBI Funds Management, and Millworks Technologies on 21st July. If Nifty moves up, the resistance levels are 24425, 24613, and 24740. If Nifty falls, the support levels are 24335, 24192, and 23925. DISCLAIMER Investments in the securities market are subject to market risks, including the potential loss of principal. Past performance does not guarantee future results. Information provided is for educational purposes only and should not be considered financial advice. Investors should read all related documents carefully and consult a certified advisor before investing. Registration granted by SEBI and Enlistment with RAASB/BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The investor is requested to take into consideration all the risk factors before actually trading in stocks or derivatives. The SEBI RIA license INA000021757 & RA license INH000025045 are for Balachandran RV
NSE:NIFTY
by viswaram
3
BTCUSD at Key Support – Is a Strong Rebound Likely?BTCUSD has experienced a sharp pullback and is now approaching a demand zone that has previously triggered several strong price reactions. Price is still holding above this area, so I'm watching closely to see whether buyers are beginning to absorb the selling pressure. If support remains intact and a clear bullish signal appears, BTCUSD could recover toward the 63,800 level. The key here is confirmation. A strong bounce from this zone would support the bullish reversal scenario, while a decisive break below support would indicate that sellers are still in control. In that case, I would step away from the bullish bias and reassess the market structure. This is simply my personal view of the chart and not financial advice. Always confirm your setups and manage your risk carefully.
OANDA:BTCUSDLong
by Laura_Bennett
XAUUSD/GOLD 1H SELL LIMIT PROJECTION 17.07.26XAUUSD / GOLD – 1H Sell Limit Projection Gold is currently showing strong bullish momentum, but the overall 1-hour structure remains under a descending trendline. The current rise may be a corrective pullback toward a major resistance zone before another bearish move. Sell Limit Zone: Around 4024–4027 This zone has strong confluence from: 1H descending trendline Previous resistance level Supply/rejection area Potential liquidity collection above the recent bullish candles Stop Loss: Around 4043.169 The stop is placed above the major resistance zone. A strong 1H close above this level could invalidate the bearish setup. Take Profit 1: Around 4012 This is the first nearby support area. After price rejects the sell zone and moves below approximately 4017–4018, the trade can be protected at breakeven. Take Profit 2: Around 3999.408 This is the main target near the psychological 4000 level and an important support zone.
TVC:GOLDShort
by kripsonfx97
NIFTY- Intraday Levels :- 20th July 2026 NIFTY sustain above 24395/406/413 above this bullish then around 24499/500/13/15/20/27 above this more bullish then 24541/47/55/76 then above this more bullish above this wait more level are marked on chart If NIFTY sustain below 24240 then 24227/24/20/ or 24210/03 below this wait more levels marked on chart My view :- "My viewpoint, offered purely for analytical consideration, The trading thesis is: Nifty (bullish tactical approach: buy on bip) However, Wait for good support, before taking any trading decision. This analysis is highly speculative and is not guaranteed to be accurate; therefore, the implementation of stringent risk controls is non-negotiable for mitigating trade risk." Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:NIFTY
by PrashantTaralkar
nift50 50 long breakout above 24410Today did not find any script to trade though kept eyes on TVS, which i will post later, but i traded nifty 50 option today, now as per chart in daily above 24410 , bullism momentum will build till 24900, so once 24410 is breached one can buy index etf or nifty index itselg, option i would advice to buy monthy in the money of next month. now, today nifty breached two OB at 20190 24225 than 24260 to 24294 and cleared the liquidiy above at 24310, as of now wait for it to close above 24410 in hourly chart than can take position for next month expiy with sl at 24290, if get a time will make a video of the same explaining the same
NSE:NIFTY
by casualtrader_ct
$HYPE down 24% from our Short Entry level... What Next?I Warned About This XETR:HYPE Dump Before It Happened: Down 24% Exactly As Expected On June 2, I highlighted the $750-$90 zone as a major resistance for XETR:HYPE and warned that a rejection there could lead to a pullback. Since then, XETR:HYPE has dropped to around $58, a decline of roughly 24% from that resistance zone. If you followed the setup for a scalp or short swing trade, this was a good area to consider taking profits. I'm still watching the $44-$38 zone as the next major accumulation area, but only if the overall market conditions remain supportive. Until then, patience is key. I'll share an update if price reaches that region. NFA & DYOR
KUCOIN:HYPEUSDTShort
by CryptoPatel
XAUUSD/GOLD 1H SELL LIMIT PROJECTION 17.07.26XAUUSD / GOLD – 1H Sell Limit Projection Gold is currently trading near the 3993–3994 resistance zone. This area is important because it aligns with Resistance R1, the descending trendline, and a recently formed Evening Star bearish reversal pattern. The setup suggests waiting for price to retest the 3993.5–3994.4 sell zone before considering a sell position. A rejection from this area could push the market toward the lower support levels. Sell Entry Zone: 3993.5–3994.4 Stop Loss: 4002.7, above Resistance R2 Targets: TP1: 3985.0 – Support S1 TP2: 3979.0 – Support S2 TP3: 3969.1 – Support S3 The bearish setup remains valid while price stays below 4002.7. An hourly candle closing strongly above this level could invalidate the sell projection. Traders should wait for bearish rejection or confirmation before entering and follow proper risk management.
OANDA:XAUUSDShort
by kripsonfx97
Bhagyanagar India Ltd - Breakout Setup, Move is ON...#BHAGYANGR trading above Resistance of 399 Next Resistance is at 593 Support is at 307 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:BHAGYANGRLong
by MandeepSinghKohli
XAUUSD: Trendline continues to pressure the bullsXAUUSD is maintaining a pattern of lower highs and has repeatedly failed to break above the downtrend line. The inability to clear the resistance zone—reinforced by the Ichimoku cloud—indicates that buying momentum remains weak, while sellers continue to defend the prevailing trend. Fundamentally, positive US economic data, combined with elevated bond yields and a strong US dollar, continues to weigh on gold. Consequently, the likelihood of a further decline remains high. Trading strategy: Wait for a price retracement to SELL, targeting the 3,965 level.
OANDA:XAUUSDShort
by Paradise_Noir
$ETHFI Is Down 97%... But This HTF Setup Could Lead To A 2,900%?CRYPTOCAP:ETHFI Is Down 97%... But This HTF Setup Could Lead To A 2,900%+ Recovery #ETHFI Has Completed A Multi-Month Bearish Cycle And Is Now Testing A Critical HTF Decision Zone. After A Classic Breakdown → Retest Pattern, Price Is Approaching The Level That Could Decide Whether The Downtrend Continues Or A Macro Reversal Begins. Technical Structure ✅ Multiple HTF Trendline Breakdowns Confirmed ✅ Price Retesting Broken Trendline Resistance ✅ Major S/R Flip: $0.45 (Bullish Above / Bearish Below) ✅ High-Risk Accumulation Zone: $0.32–$0.20 ✅ HTF Invalidation Below $0.19 ✅ Resistance Levels: $0.85 → $1.40 → $2.5 → $5 → $10 ➡️ Nearly -97% Correction From ATH Completed ➡️ Current Phase: Breakdown Retest At HTF Resistance ➡️ Key Level To Watch: $0.45 & Super Bullish Above $0.66 Scenario 1 → Bullish Reversal: A Confirmed HTF Close Above $0.45, Followed By A Successful Retest, Would Signal A Trend Reversal And Open The Path Toward $0.85 → $1.40 → $2.50, With Higher Targets At $5–$10. Scenario 2 → Final Pullback: Failure To Reclaim $0.45 Could Push Price Back Into The $0.32–$0.20 Accumulation Zone, Offering The Best Risk/Reward Area For Long-Term Investors. Structure Shift Requirements 1️⃣ HTF Close Above $0.45 2️⃣ Successful Retest As New Support 3️⃣ Acceptance Above $0.66 For Trend Expansion Bull Cycle Targets: $0.85 → $1.40 → $2.5 → $5 → $10 Invalidation: HTF Close Below $0.19 The $0.32–$0.20 Region Remains The Highest Conviction Accumulation Zone For ETHFI/USDT. Until $0.45 Is Reclaimed On A Higher Timeframe Closing Basis, The Macro Trend Remains Neutral-To-Bearish. TA Only. Not Financial Advice. ALWAYS DYOR.
BINANCE:ETHFIUSDTLong
by CryptoPatel
XAUUSD/GOLD 1H BUY LIMIT PROJECTION 17.07.26XAUUSD/GOLD 1H Buy Limit Projection Gold is currently trading inside a falling wedge structure and approaching a strong support area. Price has already swept liquidity around 3971–3972 and formed a bullish reaction, indicating that buyers may defend this zone. Buy Zone: 3983–3984 This area aligns with the 0.618 Fibonacci level near 3984.696, horizontal support, and the previous breakout structure. Target: 3999–4000 The first target is the descending trendline resistance. Price may retest this trendline before deciding the next major direction. Stop-Loss Zone: Below 3971 A clear 1H candle close below the liquidity and support zone would invalidate the bullish setup. Bullish Confirmations Liquidity collected below recent lows Morning Star bullish reversal pattern Falling wedge formation 0.618 Fibonacci confluence Strong support around 3971–3984
OANDA:XAUUSDLong
by kripsonfx97
XAUUSD: Demand Holds, But Sellers Still Lead XAUUSD: Demand Holds, But Sellers Still Lead Market Context Gold is trading around 4,035 after reacting from the demand zone near the weekly bottom. Buyers are defending this area, but overall pressure remains bearish. Stronger energy prices keep inflation concerns elevated, supporting a restrictive Fed outlook. At the same time, US-Iran tensions are boosting USD demand, limiting gold’s upside. Key point: demand is holding, but buyers must reclaim 4,050 - 4,063 to strengthen the recovery. Technical Structure Gold is reacting from the Demand Zone at 4,015 - 4,025. This is the key support to hold. Resistance sits at 4,050 - 4,063 (liquidity zone). Above that, the Main Supply Zone is 4,105 - 4,120. If demand breaks, price may drop toward 3,980 - 3,990. Key Levels Current Price: 4,035 Demand Zone: 4,015 - 4,025 Liquidity Zone: 4,050 - 4,063 Supply Zone: 4,105 - 4,120 Weekly Low: 3,980 - 3,990 Bullish Above: 4,063 Bearish Below: 4,015 Trading Plan Buy Scenario Entry: 4,015 - 4,025 SL: Below 3,990 TP: 4,050 / 4,063 / 4,100 Condition: Hold demand + bullish confirmation. Only short-term buy. Sell Scenario (Priority) Entry: 4,050 - 4,063 SL: Above 4,085 TP: 4,035 / 4,020 / 3,990 Condition: Rejection at liquidity zone. Sell at Supply Entry: 4,105 - 4,120 SL: Above 4,140 TP: 4,063 / 4,035 / 4,015 Breakdown Sell Entry: Below 4,015 SL: Above 4,035 TP: 3,990 / 3,980 / 3,960 Overall Bias Gold is not bullish yet. Sellers still dominate unless price breaks above 4,063. Best approach: wait for confirmation, avoid chasing. Will gold break 4,063 or drop back below demand?
OANDA:XAUUSDLong
by Owen_Steele
Market Structure Shift: ACEMarket Structure Shift => After MSS, wait for price to pullback => Look for Bullish Order Block/ FVG Zone from where CHoCH was made => Wait for price to Retest from Latest Bearish OB, which is just below the CHoCH candle => This Zone work for Support in future => See reaction if price come back to this Zone DOWNTREND/STOP LOSS => Original downtrend Swing Low will Invalide if price fall below Swing Low, it is confirmation of Bearish Trend. => Exit when price fall below Swing Low OR when it come to retest this level. HOW TO EXIT WITH MINIMUM LOSS => Look for Bid Spread => If it is wide-- exit on Limit Order => If Narrow-Exit on Market Order Not an investment advice. Investment subject to market risk. Enter at your peril and consquences.
NSE:ACE
by trade_vocate
BTCUSD H1: Ascending Channel Breakdown & Potential Retest SetupAn interesting structural shift is unfolding on Bitcoin (BTCUSD) within the 1-Hour (H1) chart. After respecting a well-defined ascending parallel channel for multiple days, the price has finally breached the lower boundary, indicating an influx of bearish momentum. 📊 Market Context & Observations: Channel Breach: The clean breakdown below the diagonal dynamic support suggests that buyers are temporarily losing control of the immediate trend. Price Action Behavior: Following the breakdown, the market is currently experiencing a minor corrective bounce back toward the confluence zone. The Area of Interest (AOI): The region around 64,340 – 64,500 is acting as a key structural pivot point. This marks the retest of the broken channel floor and previous minor resistance. 🎯 Tactical Parameters: If the bearish pressure sustains and confirms exhaustion around this confluence area, we could see a continuation toward lower liquidity pools. Potential Entry Window: Execution upon lower timeframe confirmation/rejection candles near the 64,340 zone. Invalidation Point (SL): Placed strictly above the recent swing high at 64,667. This tight setup maintains an exceptional risk efficiency. First Liquidity Target (TP1): 63,000 Major Target Pool (TP2): 61,793 📌 Risk & Accountability Disclaimer: Execution is strictly subjective to your personal risk management strategy. Trading cryptocurrencies involves substantial volatility. This layout highlights a purely technical observation based on current market structure and is not financial advice. Protect your capital and manage your position sizes carefully
BITSTAMP:BTCUSDShort
by zatarbfabussik
XAUUSD/GOLD 1H SELL LIMIT PROJECTION 16.07.26XAUUSD / GOLD – 1H Sell Limit Projection Gold has shown strong bearish pressure after rejecting the 4040–4044 swing-high supply zone. The sharp bearish candle confirms that sellers are controlling the market. Price later retraced into the Fibonacci and liquidity zone between 4008 and 4020, with the 0.618 Fibonacci level near 4017.04. Liquidity was collected in this area, but buyers failed to push the market higher. An Evening Star bearish pattern has also formed, indicating buyer weakness and a possible continuation toward the downside. Trade Setup Sell Entry: Around 3998.40 Stop Loss: 4017.17 Take Profit 1: Around 3989–3990 Take Profit 2: 3974.54 The stop loss is placed above the Fibonacci liquidity and resistance zone. The final target is near the previous swing-low support at 3974.54.
FOREXCOM:XAUUSDShort
by kripsonfx97
$GRASS Could Be Setting Up For A 4,200% Rally…?$GRASS Could Be Setting Up For A 4,200% Rally… But Only If This HTF Level Holds #GRASS Has Been Trading Inside A Long-Term Descending Channel Since Listing. After Multiple Rejections At Channel Resistance, Price Is Now Pulling Back Into A High-Timeframe Accumulation Zone. Technical Structure ✅ Long-Term Descending Channel Still Intact ✅ Multiple Rejections At Channel Resistance Confirm Macro Downtrend ✅ HTF Accumulation Zone: $0.23–$0.16 ✅ Current Price Testing A Major Decision Area ✅ Major S/R Flip: $0.6229 (Bullish Above / Bearish Below) ✅ Resistance Targets: $1 → $2→ $4 → $10+ ✅ Risk Invalidation: HTF Close Below $0.16 ➡️ Post-Listing Distribution Inside Descending Channel ➡️ Current Phase: Pullback Into HTF Demand Zone ➡️ Waiting For A Confirmed Macro Trend Reversal Scenario 1 → Bullish Reversal: If GRASS Holds The $0.23–$0.16 Zone And Breaks Above The Descending Channel, A Macro Trend Reversal Could Begin. Targets: $1 → $2 → $4 Extended Bull Cycle Target: $10+ Scenario 2 → Bearish Continuation: A Confirmed HTF Close Below $0.16 Would Invalidate The Bullish Setup And Increase The Probability Of Another Leg Lower. Structure Shift Requirements 1️⃣ Hold $0.23–$0.16 HTF Demand 2️⃣ Break Descending Channel Resistance 3️⃣ Flip Resistance Into Support The $0.23–$0.16 Region Represents A High-Risk, High-Reward Accumulation Zone For Long-Term Investors. Until The Descending Channel Is Reclaimed, The Macro Downtrend Remains Intact. TA Only. Not Financial Advice. ALWAYS DYOR.
KUCOIN:GRASSUSDTLong
by CryptoPatel
XAUUSD/GOLD 4H SELL LIMIT PROJECTION 16.07.26XAUUSD / GOLD 4H Sell Limit Projection Gold is showing a bearish reversal structure on the 4-hour chart. The formation highlighted at the bottom resembles an Evening Star pattern, suggesting that buying momentum is weakening and sellers may regain control. Trade Plan Sell Entry Zone: 4044–4048 Key Fibonacci Level: 0.618 at 4044.526 Trendline Resistance: Around 4049.669 Stop Loss: Above the swing high at 4060.143 TP1: Around 4034.746 TP2: 4024.894–4024.048 The expected scenario is for price to first retrace upward into the 4044–4048 liquidity and resistance zone. If a strong bearish rejection appears there, price could reverse and move toward 4035, followed by the major support area near 4024. A sustained 4H close above 4060.143 would invalidate this bearish setup. Since the current price is already near 4036, this is a pending sell-limit projection—selling immediately would mean chasing the move rather than entering from the planned resistance zone.
OANDA:XAUUSDShort
by kripsonfx97
Institution Option TradingPCR (Put-Call Ratio) – Institutional Trading Strategy What is PCR? PCR = Put OI ÷ Call OI It shows market sentiment of big players in indices like NIFTY 50. Institutional Psychology 2. How Big Players Use PCR Retail buys options randomly Institutions control PCR zones to trap traders 👉 You follow PCR = You follow smart money 📈 PCR Levels (Game Changer) 3. Key Zones PCR < 0.7 → Bearish sentiment (too many Calls) → ⚠️ Reversal possible PCR 0.7 – 1 → Neutral zone PCR > 1.2 → Bullish sentiment (too many Puts) → ⚠️ Reversal possible 👉 Extreme PCR = Trap zone (Institutional move coming)
NSE:BAJFINANCE
by Knowledgehub
12