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TARS: History Repeating? Falling Wedge + Golden Pocket +AB=CD ?TARS has a history of rewarding patient buyers.
Over the past two years, the stock has repeatedly formed falling wedges, only to break out and produce strong impulsive rallies. The current setup looks remarkably similar to the previous two.
After peaking near 85, TARS entered another healthy correction, once again carving out a falling wedge. Price has now broken above the wedge and is retesting the breakout, a common characteristic of strong continuation moves.
But that's only part of the story.
The current pullback also completed landed perfectly into the Fibonacci Golden Pocket (0.5–0.618)—and took decisive support that resulted in the wedge breakout.
This creates a high-probability setup, that the corrective phase may be coming to an end.
🟢 Bullish Factors
📈 Third Falling Wedge Breakout
Previous falling wedges resulted in strong bullish expansions.
The current setup closely resembles those historical patterns.
🎯 Golden Pocket Support
Price respected the 0.5–0.618 Fibonacci retracement zone
🔄 Healthy Breakout Retest
📊 Volume Confirmation
Buying volume expanded into the breakout, while the retest is occurring on relatively lighter volume—a constructive sign.
🎯 Bullish Scenario
➡️ If buyers continue defending the current support zone, I expect TARS to resume its primary uptrend.
🎯 Target 1 zone: 74 -78
🎯 Target 2: Retest of the recent high near 85
🚀 Target 3: 🌟 Breakout Above 85: A decisive breakout above 85 would lead to AB=CD target of 102.
⚠️ What I'm Watching
👀 Before turning aggressively bullish, I'd like to see:
✅ Successful defense of the breakout retest
✅ Strong bullish candles from current levels
✅ Increasing buying volume
Those would confirm that buyers have regained control.
❌ Bullish Invalidation
🔴 The bullish thesis remains valid as long as TARS holds above 64 on a daily closing basis.
A decisive daily close below 64 would invalidate the breakout and increase the probability of a deeper correction.
💡 What I like most about this setup isn't just the breakout—it's the confluence. Multiple historical wedge breakouts, and a Golden Pocket retracement all align at the same area. When several independent technical signals point to the same zone, they often deserve extra attention.
Let's see if history repeats itself once again. 
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XAUUSD|Descending Triangle Signals Potential Continuation Lower
Gold remains under bearish pressure after a strong impulsive decline, with price now consolidating inside a descending triangle on the 30-minute timeframe. The pattern is characterized by a series of lower highs against a flat support base near the 3,960 area, indicating that sellers continue to absorb buying interest.
Multiple retests of support suggest weakening demand, while the descending trendline continues to cap recovery attempts. As long as price remains below the trendline and the nearby supply zone around 4,000–4,020, the broader short-term bias remains bearish.
A confirmed breakdown below triangle support could trigger fresh selling momentum, exposing the 3,900 level as the next key downside objective. If bearish momentum accelerates, further downside expansion may follow toward lower support levels. Short 
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XAUUSD 1H Analysis: Bearish Structure
Gold remains under bearish pressure after sweeping buy-side liquidity near 4,378 and forming a strong rejection. The subsequent impulsive decline broke market structure around 4,220, confirming a bearish shift in order flow.
Price retraced into the 4,200–4,217 Fibonacci resistance zone (50%–61.8%) but failed to reclaim higher levels, reinforcing seller dominance. This area now acts as a bearish breaker block and remains the key zone to watch for continuation shorts.
The current structure is printing lower highs and lower lows, while price trades beneath the broken ascending trendline. As long as the market remains below 4,217, the path of least resistance favors further downside.
Key Levels
Major Resistance: 4,217 (0.618 Fib)
Secondary Resistance: 4,275–4,278 (Supply / Liquidity Zone)
Current Support: 4,155
Bearish Targets: 4,113 → 4,068
Bearish Outlook
A rejection from the 4,200–4,217 zone could trigger another leg lower toward 4,113, where sell-side liquidity rests beneath recent lows. A break below that level may expose the next demand zone around 4,068.
Invalidation
The bearish scenario weakens if buyers achieve a sustained hourly close above 4,217, with stronger bullish confirmation above 4,278.
Bias: Bearish 📉
Structure: Bearish BOS + Lower High Formation
Targets: 4,113 → 4,068
Invalidation: Above 4,217 / 4,278 Short 
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Support and Resistance: Why Markets React at Certain LevelsIf you ask experienced traders what they look at first on a chart, many will give the same answer:
Support and Resistance.
These are not magical lines that predict the future. Instead, they represent areas where buyers and sellers have previously shown strong interest. They are levels where emotions, decisions, and market psychology become visible on the chart.
Have you ever noticed how price often stops falling at a certain area and suddenly bounces back? Or how an uptrend pauses near a previous high and struggles to move further?
That is support and resistance in action.
Horizontal Support and Resistance
The easiest way to identify these levels is by looking at previous highs and lows.
A support level is an area where buyers step in and prevent prices from falling further.
A resistance level is an area where sellers become active and prevent prices from moving higher.
These zones are important because traders remember them. Institutions remember them. The market remembers them.
And when price returns to these areas, reactions often occur again.
Dynamic Support and Resistance
Support and resistance are not always horizontal.
Moving averages, trendlines, and channels can also act as dynamic support and resistance.
During strong uptrends, price may repeatedly bounce from a rising trendline.
During downtrends, a moving average can act as resistance and push price lower.
These levels move with the market and help traders understand the strength of a trend.
Breakout or Fakeout?
One of the most exciting moments in trading is a breakout.
Price finally breaks above resistance or below support.
But not every breakout is real.
Sometimes price moves beyond a level only to reverse quickly and trap traders who entered too early.
This is known as a fakeout.
The difference between a breakout and a fakeout often comes down to patience.
Waiting for confirmation can save traders from many unnecessary losses.
Retest Entries: Let the Market Confirm First
Professional traders rarely chase price.
Instead, they often wait for a breakout and then look for a retest.
For example:
Price breaks resistance.
Later, it comes back to test the same level.
If buyers defend that area and price starts rising again, the old resistance may become new support.
This approach allows traders to enter with more confidence and better risk management.
Stop Loss Placement Matters
Even the best support or resistance level can fail.
That is why stop losses are essential.
A stop loss should not be placed randomly.
It should be placed at a level where your trading idea becomes invalid.
Because trading is not about being right every time.
It is about protecting capital while allowing winning trades to grow.
Final words:
Support and resistance are among the simplest concepts in trading, yet they remain some of the most powerful.
They reveal where buyers and sellers are active.
They help traders identify opportunities.
And most importantly, they teach an important lesson:
The market does not react because of lines on a chart.
It reacts because of human behavior.
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