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Falling Wedge

SONACOMS Technical Setup – Pattern Formation AlertSONACOMS – Falling Wedge Pattern Formation Timeframe: Daily Chart SONACOMS is forming a Falling Wedge pattern, which is a bullish reversal pattern in a bearish market phase. The support zone is placed around ₹390–₹400 levels. The resistance level is around ₹430. A breakout above ₹430 may lead to pattern targets near ₹460 and ₹490. If the support zone holds, we may witness higher prices in SONACOMS in the coming sessions. Conclusion: Watch for a breakout confirmation for potential upside momentum. Thank you !!
NSE:SONACOMSLong
by FiveCircles
Possible Falling Wedge Reversal +90% run – 4H Setup - Worldcoin BINANCE:WLDUSDT could gain 90% ⚙️ Setup Price has been trending down within a well-defined falling wedge since the local high. Currently, it’s testing the lower trendline with Stochastics oversold and curving up, suggesting waning bearish momentum. Volume has compressed, which is typical before a breakout. We’re now at a decision point: either a bounce and breakout or a confirmed wedge failure. Stochastics: Oversold (<20) with a possible bullish cross forming. Volume: Decreasing — consistent with the final stages of compression. EMAs: Price hovering around/under short EMAs (20–50); a close above them could trigger momentum shift. 📈 Plan / Hypothesis Watching for bullish breakout confirmation above the upper trendline with increased volume. Target: Height of the wedge projected upward (~ from breakout point). Invalidation: 4H candle close below the lower trendline with volume expansion. 💭 Fundamenteal Thought: We may or may not like Altman or Worldcoin's course of action to learn how to validate humanness, but the thing is, it's the only exposure we have to OpenAI and ChatGPT, and with AI everywhere, we are gonna need more than ever to validate people being real. Considering Open AI, the disease, being worth $500 Billion, I think that the potential cure that Altman himself fabricated, Worldcoin, having a market cap of less than $3 Billion is pretty cheap. There's still many token to airdrop. Anyhow, it all depends on what utility the token ends up delivering, I see that if this token is used to validate humanness, this will be really valuable. And ofc of what competitors do.
Long
by Sharkira-Sharkira
What’s a Wedge Pattern?What's up traders! 👋 Wedge patterns are a powerful tool in technical analysis that can give you a heads-up about potential price moves. Whether you’re spotting a falling wedge or a rising wedge, these formations can reveal key signals about market direction. What’s a Wedge Pattern? A wedge pattern forms when price moves between two converging trendlines, creating a shape resembling a triangle. These patterns usually appear when the market is slowing down or consolidating before making a bigger move. Wedges can slope upwards or downwards, and the key difference lies in whether the trendlines are converging in an uptrend (rising wedge) or a downtrend (falling wedge). Falling Wedge Pattern: Bullish Reversal 📈 The falling wedge pattern is a bullish reversal signal. This formation occurs when price moves between two downward-sloping trendlines, creating a series of lower highs and lower lows. The downward momentum weakens as the trendlines converge, indicating that sellers are losing strength, which sets up the potential for a bullish breakout. How to Trade the Falling Wedge Entry: Wait for the price to break above the upper trendline. This is your signal to enter long. Target: Measure the height of the wedge at its widest point and project it upwards from the breakout point. Stop Loss: Place it just below the most recent swing low to protect your position if the breakout doesn’t happen. The chart illustrates a falling wedge pattern on the Bitcoin / Tether US pair with a 1-hour timeframe. Price action is contained within two converging downward-sloping trendlines, suggesting weakening bearish momentum. The breakout above the upper trendline signals a bullish reversal, and the subsequent uptick in price confirms the shift in momentum. In rare cases, a breakout failure can lead to a bearish falling wedge pattern, but this scenario is less common. Keep an eye on the price action for signs of continued upward momentum. Rising Wedge Pattern: Bearish Reversal 📉 The rising wedge pattern is a bearish reversal signal. This formation happens when price moves between two upward-sloping trendlines, creating higher highs and higher lows. The rising wedge indicates weakening buying pressure and a potential reversal to the downside. How to Trade the Rising Wedge Entry: Enter a short position once the price breaks below the lower trendline. Target: Measure the height of the wedge and project it downward from the breakout point. Stop Loss: Set it just above the most recent swing high to protect your trade. Wedge Chart Pattern Trading: Key Tips ⚡ Context is everything when trading wedge patterns. If a bullish wedge pattern appears in an uptrend, it’s more likely to break to the upside. If a bearish wedge shows up in a downtrend, expect a breakdown. Here are a few quick tips to improve your wedge trading pattern game: Trendlines are key: Ensure your trendlines are drawn accurately. Properly drawn trendlines lead to better trades. Breakout confirmation: Confirm breakouts with increased volume and, ideally, by checking for confluence with other indicators like RSI or MACD. A breakout without volume is often a false signal. Risk management: Always use a stop loss to protect your capital. Use other indicators: Wedge patterns work well with additional tools such as RSI, moving averages, or MACD. The more confluence, the better! Final Thoughts 🏁 Wedge patterns, whether it’s the falling wedge pattern signaling a bullish reversal or the rising wedge pattern trading indicating bearish pressure, are some of the most reliable chart formations out there. But remember: no setup is perfect, so always use a stop loss and never rely on a single indicator. With practice, you’ll get better at spotting these setups and timing your entries and exits like a pro. Happy trading, and may the charts be in your favor! 💰📊
Education
by WhiteBIT
6
SUN TV on Fire: Explosive Move from Strong Support Zone.SUN TV Weekly Analysis Support Zone: Stock is respecting the long-term LOP with strong support in the 520–530 range. Bullish Candle: A powerful bullish candle has formed at this support zone, signaling strength. Momentum Outlook: If momentum continues, a minor correction could act as a healthy pause before the next rally. Resistance Levels: First resistance / rally stop point near 680. If 680 breaks, next resistance is positioned around 850. Trend View: As long as the 520–530 support zone sustains, SUN TV may continue its rally in the coming sessions. Thank You !!
NSE:SUNTVLong
by FiveCircles
XLMUSDT → End of correction. One step away from a rally BINANCE:XLMUSDT follows the flagship currency in forming a rally and breaking out of the correction. The trend is bullish, but news is ahead. Will the bulls be able to keep the price above the risk zone? Bitcoin's growth is provoking a rally in altcoins. The price of XLM is breaking through the resistance of the downtrend and trying to consolidate in the bullish zone. Stellar is breaking through the resistance of the correction and entering a new trading range of 0.3847 - 0.4142, respectively, after the rally, a correction is forming. The market may test support and the liquidity zone before rising. Resistance levels: 0.4142, 0.4288, 0.433 Support levels: 0.3847, 0.3806 As part of the correction, I expect a retest of the 1/2 zone of the formed impulse or the support zone of 0.385 (previously broken consolidation and descending wedge border). If the bulls keep the price from falling even after the news, the coin may continue its medium-term bullish run to 0.4685. Best regards, R. Linda!
Long
by RLinda
6
NZDCAD → A false breakthrough will trigger a decline FX:NZDCAD is forming a countertrend correction with the aim of retesting key resistance and the liquidity zone amid a global downtrend. A reaction to the support zone is forming. The price is recovering, but within the global downtrend. The countertrend movement may end in the resistance zone of 0.811 - 0.8125 The global trend is downward, but we are seeing a rebound within the retest of the channel support. There is a fairly large pool of liquidity ahead, which is capable of stopping the price from rising at a high speed. A false breakout of 0.811 - 0.8125 could trigger a decline. Resistance levels: 0.811 - 0.8125 Support levels: 0.8056, 0.8030 A false breakout, consolidation below the specified zone, and a price close below the level could trigger a further decline. Best regards, R. Linda!
Short
by RLinda
3
NZDJPY → Consolidation amid a downtrend. What next?FX:NZDJPY is ending its correction and returning to the downward trend. The price is consolidating for a possible continuation of the downward movement... The price breaks the support of the upward channel (countertrend correction). The movement occurs in a “step” format, which generally indicates weak demand. Clear consolidation boundaries are forming on the chart. The global trend is downward, and the local trend has also resumed its downward movement. Focus on two zones: 86.5 - 86.96. Within the framework of trading strategies, a false breakout of resistance or a breakout of support can be considered with the aim of continuing the decline. Resistance levels: 86.96, 87.16 Support levels: 86.5 As part of consolidation, MM may form a liquidity trap on the resistance side, and a false breakout may trigger a further decline. However, if the bears increase pressure, the formation of a pre-breakdown base relative to the 86.5 support may trigger a breakout and a continuation of the downward movement. Best regards, R. Linda!
Short
by RLinda
6
BITCOIN → Stagnation. A brief overview of the current situation.BINANCE:BTCUSDT.P is consolidating after breaking through the trend line support. Despite the positive fundamental background and bullish trend, the market is forming a countertrend correction. The decline in interest rates in the US has had a negative impact on the cryptocurrency market. Can this be called manipulation? Most likely, yes. But the cryptocurrency market needs a constant driver to keep it alive; calm or neutral conditions lead to corrections and retests of intermediate lows... As for Bitcoin, I have identified several key areas: the boundaries of the current consolidation at 109,850 and 108,575. Accordingly, a breakout and close above or below one of these boundaries could trigger a move in the corresponding direction. But within the local trend, we can expect a decline to the intermediate bottom of 107,400, from which an attempt at growth could form. In addition, an important zone is the conglomerate of resistance at 110K and the ascending support line. If the price can form an upward momentum and close above the trend support, the market may react positively. Resistance levels: 109,850 - 110K, 111,500 Support levels: 108,500, 107,400 After breaking through the trend support, there is no momentum and the price is consolidating. This suggests that the market does not believe this premise and a battle for the area is forming. If the bulls can hold their ground and bring the price back within the boundaries of the uptrend, then it may be worth looking for a buying opportunity. Otherwise, it is worth waiting for a retest of the intermediate bottom at 107,400 before looking for an opportunity to open long positions. Best regards, R. Linda!
Long
by RLinda
5
GOLD → Will the correction continue, or is it time for growth?FX:XAUUSD is inside a descending channel—corrections within a global bullish trend. The price is forming a retest of resistance, and the market's reaction to the 3760 zone will give further insight into price movement... Gold is consolidating in the range of 3730-3790 in anticipation of US economic data and speeches by Fed officials. Pressure on the metal is intensifying due to revised expectations for rate cuts and a correction in the dollar... Key factors: Markets have reduced expectations for easing to 43 bps by the end of the year after cautious comments from the Fed. The dollar index has reached a 9-day high, limiting gold's growth. Tensions between Russia and NATO are preventing gold from falling. The market is in wait-and-see mode ahead of tomorrow's PCE data. Strong data today will strengthen the dollar and reinforce the correction in the metal, while escalating geopolitics will bring back demand for safe havens. Resistance levels: 3760, 3776, 3791 Support levels: 3752, 3741, 3731 Technically, the market is testing downward resistance. Since the opening of the session, the price has already moved a lot and there may not be enough potential for an initial breakout. I expect a pullback to 3745-3740, and if the bulls return the price to 3760, the market will have a chance to break through resistance and continue growing towards the resistance level of the range. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
16
GOLD → Breakthrough of correction resistance. Uptrend FX:XAUUSD entered a correction phase after the Fed meeting and interest rate cut, but by the end of the week, the market managed to recover from the decline and return to the zone of interest, breaking through the resistance of the downtrend... The dollar is correcting after the Fed meeting on interest rates. The index is testing resistance at 97.5-98.0, and a false breakout of this zone could trigger a fall in the index, which in turn would only support the forex and gold markets... At this time, the metal is reducing its correlation with the DXY and breaking the resistance of the downward correction, which is provoking an impulse to 3685. Technically, Friday's trading session is closing quite positively, which generally indicates a high level of demand. I would highlight several key levels: the previously broken resistance at 3674 (below this zone there is a hidden liquidity pool) and resistance at 3685 (trigger). A retest of the lower level is possible before the price continues its growth. The target within the current movement can be considered 3700 - 3710. Support levels: 3674, 3668, 3660 Resistance levels: 3685, 3703, 3710 If, during the Asian/Pacific session, gold consolidates without a pullback and closes above 3685, the market may continue to rise towards the specified target. However, if the market lacks potential (after the weekend), then MM may test 3674 - 3668 before the price returns to growth towards the target of 3700. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
6
BITCOIN → Manipulation, long squeeze before growth BINANCE:BTCUSDT is in a global bullish trend. The fundamental background, following the start of interest rate cuts, is taking a positive turn, but instead of growth, the market is consolidating... Bitcoin is showing resilience, trading within the specified trading range (above 114K) amid the Fed's policy easing. For three weeks in a row, growth has been supported by dovish signals from the central bank and growing institutional demand. Key drivers: The Fed's 25 bps rate cut and forecasts of further easing (to 3.6% by the end of 2025) have strengthened the fundamental backdrop in the cryptocurrency market. Corporate and ETF purchases continue to fuel the bullish trend. Low rates reduce the attractiveness of bonds and increase interest in Bitcoin. Technically, the market, influenced by manipulation rather than growth, continues to accumulate potential before growth. Resistance levels: 117860, Support levels: 114600, 113300 The market is forming an uptrend, with a bullish trend line appearing on the chart. However, as part of consolidation, Bitcoin is under pressure from bears and is moving into a correction phase from 117900. I expect that MM may form a long squeeze in the liquidity zone. That is, a false breakdown of the consolidation support and trend at the same time, and only then return to an upward movement. Best regards, R. Linda!
Long
by RLinda
32
Archer (ACHR) Bullish Pennant Breakout?I love this chart setup so wanted to share. It has a little bit of everything from market structure, fib levels, pattern recognition, falling wedges.. a bullish backdrop for tech, speculative plays, and the air transportation sector in particular. Archer's top competitor is $JOBY. They have been performing amazing as of late, experiencing all time highs, even. During the last few months though I have watched NYSE:ACHR closely looking for an opportunity to diversify and buy up some real estate. Now is looking like a decent time to start accumulating for a swing trade in my humble opinion.
NYSE:ACHRLong
by ChazzyFreshh
4
GOLD → The market depends on the mood of the FED. Rate cuts FX:XAUUSD , after reaching 3700, entered a correction phase triggered by profit-taking ahead of important market news—the Fed's interest rate meeting. Gold is falling and testing 3660-3650 after updating its ATH to 3703 ahead of the Fed's decision. All eyes are on Powell's forecasts and comments on future policy. Fundamentally, a 25 bp rate cut is already priced in. Much more important is whether the Fed will hint at more than two cuts before the end of the year. The market is expecting aggressive easing due to the risks of stagflation (weak labor market + persistent inflation). If the Fed takes a dovish stance (three rate cuts), gold could hit new records. If it is hawkish, i.e., a surprise (only one or two rate cuts), the dollar will strengthen and gold will correct Resistance levels: 3674.7, 3686, 3700 Support levels: 3657, 3646.5, 3637 Technically, the further scenario for gold depends solely on the mood of the Fed and Powell's comments. The market still hopes to hear more positive hints and, before that, is forming a deep correction to the liquidity zones indicated on the chart in order to buy cheaper, if the situation allows... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10
XRPUSD → Will the rate meeting be a bullish driver for altcoins?BINANCE:XRPUSDT.P is consolidating above the previously broken boundary of the descending triangle formed within the bullish trend. Important news is ahead—the Fed's meeting on interest rates, which is highly likely to become a bullish driver for the cryptocurrency market. The daily structure of the XRP market looks promising. The price is not updating global lows, is staying within the boundaries of the uptrend, and at the same time is breaking through the resistance of the downward correction, trying to consolidate above the fairly strong support level of 2.9535. But the market is waiting for a driver, namely fundamental background. If this background strengthens after Powell's speech, Bitcoin and altcoins may strengthen, including XRP. However, the fundamental background largely depends on the overall mood of the Fed and its comments. The market has already priced in an interest rate cut, as this is predictable given the economic data. But traders will be watching Powell's tone and how dovish or hawkish his view of the situation is. Support levels: 2.9535, 2.8853 Resistance levels: 3.0577, 3.155, 3.359 Technically, at the moment, I am considering a scenario of a retest of support and the formation of a long squeeze at 2.9535 - 2.8853 against the backdrop of increased news volatility (manipulative nature). However, if this does not happen, the focus will be on 3.0577, and a close above this level could trigger further growth. Best regards, R. Linda!
Long
by RLinda
6
BITCOIN → Consolidation in anticipation of a bullish driver...BINANCE:BTCUSDT is testing the 117K area as part of an upward movement triggered by the end of the bearish correction. The price is moving into consolidation. Focus on the range boundaries... The market is awaiting the Fed's interest rate meeting. A rate cut could support the growth of the flagship, but before that, the market may form a manipulation in the form of a long squeeze. The market is forming consolidation after breaking the local correction against the backdrop of a global bullish trend. Focus on the boundaries of the range. Technically, I would highlight the support of local consolidation and the previously broken trend boundary as two key details that can be used in further trading: 114600, 113300. Behind this zone lies a pool of liquidity, and before a possible rise, the price may try to absorb it... Technically, we are seeing confirmation of a bullish market structure; all that remains is to wait for the appearance of a bullish driver and the market's readiness for growth. Support levels: 114600, 113300, 110700 Resistance levels: 11700, 117860 A false breakdown of support followed by a close above one of the specified zones could attract buyer interest, which in turn could trigger a price increase within the global bullish trend. Best regards, R. Linda!
Long
by RLinda
14
HBARUSDT → Correction before the rally...After strong growth from the 0.14 zone, BINANCE:HBARUSDT HBAR updated its maximum to 0.30 and entered a correction phase, testing the intermediate and strong support level of 0.2300. A false breakdown has formed, and price consolidation above the key zone could trigger another rally. HBAR currently has two key levels: 0.243 and 0.2337. The bulls are trying to keep the correction at the upper support level. However, there is a huge pool of liquidity hidden behind 0.2337, which could be tested (before growth resumes) if 0.243 fails to hold the price. Locally, the coin is breaking the structure of the downward correction (consolidation in a bull market) and is trying to consolidate above support (in the zone of interest). The end of the current correction phase may lead to a resumption of distribution. Support levels: 0.2432, 0.2337 Resistance levels: 0.2547, 0.26, 0.2763 The formation of a bullish structure relative to 0.2432 will confirm the presence of an interested, large buyer. This could trigger strong growth. Otherwise, I will wait for a retest of 0.2337, from where I will look for an opportunity to open long positions with the aim of medium-term growth. Best regards, R. Linda!
Long
by RLinda
4
GOLD → Consolidation before continuing growth to 3700 FX:XAUUSD resumed its growth on Friday, approaching the $3,650 level, amid growing expectations of aggressive Fed rate cuts and geopolitical risks. The metal remains near record highs and is poised for a fourth consecutive week of gains. Key drivers: Probability of a 25 bp rate cut on September 17 — 92%, chance of a 50 bp cut — 8%. Markets are expecting three cuts in 2024. US plans to impose new tariffs on India and China are supporting demand for safe havens. Gold remains in a bullish trend. The weak US economy and geopolitics are pushing it to new highs, but profit-taking at current levels is possible. There is no news today, so trading may be relatively calm. Technically, if the price does not retest 3738 but begins to consolidate near 3657 and attempts a breakout, the chances of continued growth will increase. Support levels: 3638, 3630 Resistance levels: 3649, 3657 I expect the market to reach the liquidity zone of 3638 before returning to retest the trigger. However, if MM deems this maneuver unnecessary and forms a trading range between 3657 and 3649, then closing above 3657 could lead to another bullish distribution. Sincerely, R. Linda!
FX:XAUUSDLong
by RLinda
13