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Parallel Channel

Gold can continue to decline inside downward channelHello traders, I want share with you my opinion about Gold. The price action for Gold has been dictated by a large downward channel since the last major peak was established at the 3380 resistance level. This bearish structure has effectively contained the market, guiding it through a series of impulsive declines and corrective rebounds between its well-defined support and resistance lines. After the most recent upward rebound originated from the lower boundary of the channel, the price has been in a corrective rally, now approaching a formidable confluence of resistance. This critical area is formed by the intersection of the channel's descending resistance line and the major horizontal seller zone around 3380. The primary working hypothesis is a short scenario, which is based on the expectation that this powerful resistance will hold and cause the current corrective rally to fail. A confirmed rejection from this zone would validate the integrity of the downward channel and signal that the dominant bearish trend is set to resume. This would likely trigger the next major impulsive fall, which is expected to break through the immediate support level at 3330. Therefore, the TP for this continuation scenario is logically placed at the 3290 level, a target that represents a new lower low within the channel's structure and a prudent objective for the anticipated move. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by LegionQ8
11
CHFJPY Wave Analysis – 22 August 2025- CHFJPY broke resistance area - CHFJPY to rise to resistance level 185.50 CHFJPY currency pair recently broke the resistance area between the multi-month resistance level 183.20 (which stopped the previous wave B) and the resistance trendline of the daily down channel from July. The breakout of this resistance area accelerated the active impulse wave (5), which started earlier from the pivotal support level 182.00 (low of wave A). Given the clear daily uptrend and strongly bearish Yen sentiment, CHFJPY currency pair can be expected to rise to the next resistance level 185.50 (which stopped earlier waves 3 and 5).
Long
by FxProGlobal
LDOUSDT → Hunting for liquidity ahead of a declineBINANCE:LDOUSDT.P , having failed to reach the zone of interest 1.250 - 1.233, has entered a phase of local rally or manipulation before a possible decline aimed at consolidating potential before long-term growth. Bitcoin looks weak and, after a correction, may continue to fall to the coveted target of 112 - 110K. After a strong pump, LDO has been falling for two weeks in a dump phase. In the long term, the market may test 1/2 of the bullish momentum and the strong support level of 1.179 before resuming the pump to 1.62 - 1.97. Since the opening of the session, we have been observing manipulation, the goal of which is most likely the liquidity zone of 1.36 - 1.36. The situation may end with a liquidity grab, a false breakout, and a further decline with a subsequent update of the low. Resistance levels: 1.36, 1.37, 1.44 Support levels: 1.296, 1.2614, 1.2336 Technically, the price is still consolidating and intrarange trading is likely to continue. A false breakout of resistance could trigger a decline, in which case 1.26 - 1.23 could be considered a target, while a false break of 1.17 - 1.23 could trigger a global rise. Best regards, R. Linda!
Short
by RLinda
3
AUD/USD Continues to Decline in a Downward Price Channel?Hello, what do you think about OANDA:AUDUSD ? At the time of writing, AUD/USD is still maintaining its bearish momentum, trading within a downward price channel. The "Head and Shoulders" pattern has formed, pulling the pair down to test support around the 0.642 zone. From an economic data perspective, the pair is dropping as the Australian Dollar faces pressure from weak economic data out of China and global concerns. Additionally, the US Dollar is strengthening due to the Fed's hawkish stance on interest rates, further pressuring AUD/USD. The support level at 0.6420 is crucial, a break below this level could lead to further declines towards 0.6400 or even the lower limit of the channel. Keep a close watch for potential trading opportunities and always trade safely. Good luck with your trades!
Short
by Kevinn_Nguyen
ZRX/USD Main trend. Channel. Fractal.Logarithm. Time frame 1 month. Main trend. Idea for long-term trend orientation on a large timeframe. 0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets in the Ethereum blockchain without relying on centralized intermediaries such as traditional cryptocurrency exchanges. The price has fallen by -93% from the high of pumping. Pump/dump channel. Possible fractal recurrence based on the logic of the previous secondary trend. The potential is quite significant. Suitable for position trading. Rational to work from the average buy/sell price. The price is approaching the zone of previous lows, but the slippage can be by a significant percentage at the moment of “fear peak”. Trading volume. Holder Addresses. Pay attention to the minimum trading volume of the last year (this whole downtrend) compared to the past cycles. To understand why it is so, trace the main mass of large and medium addresses of this coin. Activity, time of creation. This is what it looks like on a line chart if the “market noise” is removed.
BINANCE:ZRXUSD
by SpartaBTC
6
IWM Appears Due for a Minimum 40-60% Downside CorrectionOn the lower timeframes IWM has been treating $223 as short term support with much sold put leverage building at $220 and recently IWM has begun to retrace back down into those levels putting those sold puts at risk of expanding the volatility and of squeezing through these short puts as a result. The short term the loss of this zone could likely squeeze down to $200. However in the longer term we have been trading within this much larger parallel channel since the peak and bottom of 2008-2009 GFC and have started to form a potential peak paired with a Bearish Shark. I think that if we were to start to see some serious downside the IWM could trade back down to not just the bottom of the channel but down to one of the 3 major horizontal supports I have plotted on the cart down at $121, $85.74, or even $41.11 if things get real bad. Personally I will be targeting one of the 2 upper horizontal supports in the longer dated positioning while targeting the $210-$200 levels in the short term. I'd suspect this decline to come especially as Fed Rate cut expectations are completely priced out of the market, it is worth mentioning that fed funds futures around the start of the month dropped their expectations of rate cuts for the September meeting down to 0 and we may now be on the path to pricing in rate hikes as seen in the chart below. Alternatively the expectations for rates going into the end of December has been on a fast trajectory of pricing out rate cuts as well, starting at 90BPS of rate cuts at the start of the year, now pricing in only 37.5BPS in rate cuts: This ongoing shift in these fed futures spreads from positive to negative signifies the amount that Fed Funds Futures are expecting the Fed to hike rates with both the instance of rate hikes and rate cuts likely to cause a collapse in credit spreads as the bond market yield shift higher leaving the interest rate sensitive IWM to be one of the most negatively affected.
AMEX:IWMShort
by RizeSenpai
5
SILVER (XAGUSD): Bearish Move From Trend Line I see a test of a strong trend line on Silver on an hourly time frame. A rapid growth stopped once the price approached that and a consolidation started. A bearish breakout of its support is a strong confirmation to sell. I think that the market will retrace to 37,54 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAGUSDShort
by VasilyTrader
2
GOLD → Breakthrough of downward resistance, news ahead...FX:XAUUSD is recovering after a fairly prolonged decline, and there are signs of bullish sentiment on the chart, but caution is advised as important news is ahead... Gold is in a holding pattern. Its short-term fate depends on today's US economic data and, to a greater extent, on tomorrow's speech by Powell, which will set the tone for the future. The price is recovering slightly after a recent decline, but is trading cautiously. The market is awaiting the release of S&P Global's business activity indices (PMI), which will assess the strength of the US economy and influence Fed rate forecasts. Another key event of the week is the Fed chair's speech in Jackson Hole on Friday. His comments on future interest rates will determine the further movement of gold and the dollar. Technically, we are seeing a rebound from the support of a global symmetrical triangle, with bulls still in the market but waiting for further signals. Locally, we are seeing positive dynamics — a breakout of downward resistance and consolidation in the buying zone... Resistance levels: 3350, 3370 Support levels: 3331, 3315 The conditions for further growth should be a positive fundamental background and the bulls holding the price above key support. A retest of the trading range boundary (0.5f) is possible before growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13
GBPJPY → False breakout and reversal patternFX:GBPJPY is forming a false breakout of strong resistance from D1. A trading range (consolidation) is forming, and market participants are fighting for the 199.0 - 200.0 zone. GBPJPY is consolidating at strong resistance. A fierce battle is underway for the 199.0-200.0 zone. Focus is on the Japanese yen, which is consolidating (against a backdrop of dollar stagnation). A decline in the JPY could trigger a fall in the currency pair. The volume density point is located above 199.5. Locally, the price has confirmed a bearish structure, and a retest is forming on increased volatility (manipulation). A false breakout of resistance will return the price to support, which in turn will increase the chances of a further decline Resistance levels: 199.5, 200.28 Support levels: 198.67, 197.68 A double top reversal pattern is forming on the chart, indicating the presence of strong limit resistance, but the pattern has not yet been realized. The trigger is consolidation support. Locally, I expect a decline from 199.5 to retest the trigger, the breakout of which could trigger the reversal pattern. Best regards, R. Linda!
Short
by RLinda
4
Bitcoin (BTCUSD) | Key Support Retest💎 MJTrading 📸 Viewing Tip: 🛠️ Some layout elements may shift depending on your screen size. 🔗 View the fixed high-resolution chart here: BINANCE:BTCUSD is retesting a key support zone at 110,000 – 113,000 within its uptrend channel. 👉 As long as support holds, bias remains bullish continuation and could send price toward 117k → 120k → ATH 123,700. Failure to hold the 112k zone could shift momentum back to sellers, invalidating the higher-low structure. ====================== 📝 Trade Setup: 🟢 Entry Zone: 112,000 – 114,000 (support retest / bounce confirmation) ❌ Stop Loss (SL): Below 110,000 (structure invalidation) 🎯 Take Profit (TP) Levels ✅ TP1 → 117,000 (near-term resistance) 📈 TP2 → 120,000 (round level / next resistance) 💰 TP3 → 123,700 (all-time high retest) ====================== #BTC #Bitcoin #Crypto #PriceAction #TechnicalAnalysis #Trading #MJTrading Psychology Always Matters:
BINANCE:BTCUSDLong
by MJElahifx
4
GBPAUD intraday dips continue to attract buyers.GBPAUD - 24h expiry Price action is forming a bullish flag which has a bias to break to the upside. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 2.0862. The sequence for trading is higher highs and lows. There is no clear indication that the upward move is coming to an end. We look to Buy at 2.0871 (stop at 2.0811) Our profit targets will be 2.1051 and 2.1091 Resistance: 2.1006 / 2.1050 / 2.1100 Support: 2.0880 / 2.0820 / 2.0783 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Bitcoin will bounce up from wedge to 117K pointsHello traders, I want share with you my opinion about Bitcoin. The recent price action for Bitcoin has been complex, marked by a significant breakout from a prior downward channel that failed to produce a sustained trend, leading instead to the current corrective structure. This new market phase has taken the form of a large downward wedge, a pattern of contracting volatility that often resolves to the upside. The price has been making a series of lower highs and lower lows within this wedge, with the major buyer zone around the 113000 support level acting as a foundational floor. Currently, the price is in the final stages of this consolidation, making another descent towards the apex of the wedge. The primary working hypothesis is a long scenario, based on a potential 'fake breakdown' or liquidity grab below the established support. It is anticipated that the price may briefly dip below the 113000 support level to trap sellers before staging a sharp reversal. A swift reclaim of this level would be the ultimate confirmation of the bullish thesis, validating the wedge as an accumulation pattern and likely triggering a powerful breakout to the upside. Therefore, the TP for this reversal scenario is logically set at 117000 points. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDLong
by LegionQ8
8
EURUSD - Will the parallel channel hold?Introduction The EURUSD is currently trading within a well-defined bullish parallel channel. While this channel suggests an overall upward trajectory, there is an important imbalance in how price has interacted with its boundaries. The upper side of the channel has relatively few touchpoints compared to the lower side, which has already been tested multiple times. This creates an interesting dynamic where both bullish and bearish scenarios remain in play. The pair is also trading within two significant 4-hour fair value gaps (FVGs), and the critical question now is which side will give way first, determining the next directional move. The Parallel Channel Within this parallel channel, price action has been leaning more heavily toward the downside, as shown by the fact that the lower boundary has been tested four times already. The upper boundary, however, has only registered a single touch, making it less validated. This imbalance implies that there is notable pressure on the downside, but at the same time, the presence of a bullish 4-hour fair value gap near the lower boundary cannot be ignored. This gap provides a potential level of support that could initiate a reversal back toward the upper side of the channel. Potential Bullish Bounce from Support The alignment of the lower trendline of the channel with the 4-hour bullish fair value gap creates a strong technical confluence. This support zone, located around the 1.166 – 1.165 area, could act as a springboard for buyers. If price respects this level, a bullish bounce could occur, pushing EURUSD back toward the upper region of the channel. In this scenario, the market would likely target the remaining inefficiencies left by the bearish 1-hour and 4-hour fair value gaps above, potentially leading to a liquidity grab in that zone. Bearish Breakdown Scenario On the other hand, if EURUSD fails to hold the support at the bullish 4-hour FVG, a bearish breakdown becomes increasingly likely. In that case, both the channel structure and the previously supportive FVG would flip into resistance, reinforcing bearish momentum. Should this play out, the pair could decline toward the next major 4-hour FVG around the 1.156 level in the near future. This would represent a meaningful breakdown of the current bullish structure, opening the door for further downside. Conclusion The EURUSD sits at a decisive point within its bullish channel. The key lies in whether the support confluence of the 4-hour bullish FVG and the lower trendline will hold. If it does, the pair has room to climb higher and fill inefficiencies above. If it breaks, however, a move down toward 1.156 seems likely. Traders should closely monitor these zones, as the resolution of this consolidation will determine whether EURUSD extends its bullish momentum or shifts into a deeper retracement. ------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Thanks for your support. If you enjoyed this analysis, make sure to follow me so you don't miss the next one. And if you found it helpful, feel free to drop a like 👍 and leave a comment 💬, I’d love to hear your thoughts!
by Youriverse
61
GOLD → The market is waiting for a kick (driver). ConsolidationFX:XAUUSD is in a stalemate. A “casino” pattern is forming in the form of a symmetrical triangle. The odds are 50/50, and everything depends on the fundamental background and the emergence of a driver. Gold is stuck in a symmetrical triangle - consolidation. Gold is trading around $3330 on Tuesday, remaining in a range with a downward bias amid caution among traders ahead of the Fed minutes. Technically, it is possible to trade the breakout from consolidation with the price consolidating above a certain level, i.e., post-factum. Optimism after the meeting between Trump and Zelensky, who promised to end the conflict, is reducing demand for safe assets, but expectations of a Fed rate cut this year are supporting the metal. An additional factor is the confirmation of the US rating by S&P. Powell's speech on Friday will be a key driver, while the dollar has partially recovered after its recent decline. Resistance levels: 3349.8, 3370.7 Support levels: 3331, 3315, 3301 Volatility has been very low over the past few days, with the market waiting for someone to kick-start movement. Fundamental factors are contradictory, and technically, gold looks uncertainly weak. Based on this, I expect that a retest of the nearest resistance could end with a downward breakdown from consolidation. Sincerely, R. Linda!
FX:XAUUSD
by RLinda
23
EURCAD → Countertrend correction before growthFX:EURCAD is forming a correction to the support zone against the backdrop of temporary stagnation of the euro, which is the previous extreme from July 1... EURCAD is forming a countertrend correction within the global bullish trend. The euro is gradually rising amid the fall of the dollar. The Canadian dollar is consolidating below strong medium-term resistance and may continue its decline, which will only support the bullish trend in EURCAD Technically, the price is entering a liquidity zone, with a point of interest at 1.61 - 1.609, locally at 1.61225, where the upward support line also passes... Support levels: 1.6122, 1.6100 Resistance levels: 1.618, 1.625 The main focus is on the specified support zones. If, after a false breakdown of the point of interest, the bulls are able to keep the price above the support zone, then in this case we can expect a possible continuation of the trend. Otherwise, the local trend may be broken and the market will go into a deep correction... Best regards, R. Linda!
Long
by RLinda
11
QQQ: Navigating the Intraday Downtrend🔭 QQQ's Current View: Bearish Channel in Focus! ⬇️ QQQ's intraday chart shows a recent breakdown, with price now navigating a clear bearish channel. Initial Breakdown: QQQ experienced a sharp drop below 575.5 💥, turning previous support into immediate resistance. This marked the start of the current bearish leg. Bearish Channel Formation: Price is now moving within a well-defined descending channel 🔽🔽🔽. This indicates short-term bearish control, with sellers dominant. Overhead Resistance Zones: Key resistance levels to watch are 572.5 🧱 and 573.5 🧱. These levels, along with the channel's upper boundary, represent potential areas where sellers might step in if price attempts to rally. Intraday Outlook: Traders should monitor how QQQ reacts within this channel. A move above the channel and 573.5 would signal a shift, while continued weakness points to further downside potential within the channel. Stay vigilant on these key levels for any intraday reversal or continuation signals. Disclaimer The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
NASDAQ:QQQShort
by ManiMarkets