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Parallel Channel

XAUUSD Demand Holding - Resistance Retest in PlayHello traders! Here’s my technical outlook on Gold (XAUUSD, 4H) based on the current chart structure. After a strong bullish impulse from the 3,650–3,700 area, price formed a clear ascending channel, respecting both rising support and resistance. Higher highs and higher lows continue to confirm bullish market control. Previously, Gold reached the Seller Zone around 4,360–4,380, where price entered consolidation and later turned lower. Selling pressure weakened near the 4,270 level, allowing buyers to step back in. Price then broke above 4,270, flipping it from resistance into support and signaling a bullish market structure shift. A corrective pullback followed into the Buyer Zone at 4,260–4,280, aligning with previous resistance turned support and the lower boundary of the ascending channel. Buyers successfully defended this area, keeping the bullish structure intact. Currently, price is consolidating below the Seller Zone (4,360–4,380), showing accumulation rather than strong rejection. My scenario: as long as price holds above the Buyer Zone (4,260–4,280), Gold may continue higher toward the Seller Zone / TP1. A clean breakout above resistance would open the door for further upside, while a failure to hold support could lead to a deeper corrective move. For now, the bias remains bullish. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
40
Bitcoin Tests Resistance - Downside Risk Toward $85,700Hello traders! Here’s my technical outlook on BTC/USD based on the current chart structure. After a prolonged bearish move inside a clearly defined descending channel, Bitcoin attempted a recovery and managed to break out of the channel. However, this upside move lacked strong follow-through. Price entered a consolidation range, where multiple reactions and fake breakouts signaled distribution rather than accumulation. This behavior suggested that sellers were still active at higher levels. Following the range, BTC formed a triangle structure, capped by a descending Triangle Resistance Line and supported by a rising Triangle Support Line. Price has been compressing within this structure, but recent attempts to push higher were rejected near the 88,500 Resistance Level (TP1), confirming strong selling pressure at this zone. Currently, BTC is trading near the upper boundary of the triangle, where sellers continue to defend resistance. As long as price remains below the Triangle Resistance Line and fails to reclaim 88,500, the bearish scenario remains in play. My scenario: I expect a rejection from the triangle resistance, followed by a move back toward the 85,700 Support Level, which aligns with both horizontal support and the lower triangle boundary. A clean breakdown below 85,700 would confirm bearish continuation and open the door for a deeper decline. Only a strong breakout and hold above 88,500 would invalidate this short setup. For now, the market favors sellers below resistance, with 88,500 as key resistance and 85,700 as the main downside target. Please share this idea with your friends and click Boost 🚀
THINKMARKETS:BTCUSDShort
by LegionQ8
18
EURUSD Holds Demand - Retest of 1.1760 Resistance LikelyHello traders! Here’s my technical outlook on EURUSD based on the current chart structure. After a prolonged bearish phase inside a descending channel, EURUSD found a solid base near the lower boundary, where selling pressure weakened and price turned around. This reversal led to a clean breakout above the descending resistance, signaling a shift in market structure from bearish to bullish. Following the breakout, price moved higher but entered a corrective phase, forming a series of pullbacks while maintaining higher lows. As momentum rebuilt, EURUSD broke above the key horizontal level and accelerated into an ascending channel, confirming bullish continuation. Price then pushed into the Seller Zone near 1.1760, where a fake breakout occurred — indicating strong supply but not a full trend reversal. After this rejection, the pair pulled back into the Buyer Zone around 1.1700–1.1720, which aligns with previous resistance turned support and the lower boundary of the ascending structure. Currently, EURUSD is holding above the support level, suggesting that the pullback remains corrective. Buyers continue to defend this zone, keeping the bullish structure intact. My scenario: as long as price holds above the 1.1700 Buyer Zone, EURUSD may bounce and make another attempt toward the 1.1760 Resistance / TP1. A confirmed breakout and acceptance above this level would open the door for further upside continuation. A failure to hold support, however, could lead to a deeper correction within the structure. For now, the bias remains bullish, with support holding and resistance as the main upside target. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
20
What to Expect From Gold on Monday?! As Christmas Holidays are just around the corner, we see that many instruments started to slow down and overall volatility dropped significantly. Gold remained relatively calm the last week too. The price formed a narrow horizontal range on an hourly time frame, respecting that from Tuesday. I think that we will see a continuation of such a consolidation after the market opening. Gold will likely stay calm at least till the release of the US Core PCE Price Index after the NY Session opening. Expect price movements within the range. ❤️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.
FOREXCOM:XAUUSDShort
by VasilyTrader
9
Nifty 50 Daily Chart — Pole & Flag Breakout in MotionA classic Pole & Flag breakout is unfolding on the Nifty 50, confirming bullish continuation after a sharp impulse leg. The pole represents the strong rally from early December, while the flag is a tight corrective channel marked by lower highs and higher lows — now decisively breached. 🔹 Key Highlights: Flag breakout aligns with Elliott Wave (5) extension Volume confirmation supports breakout strength Fibonacci retracement at 0.618 (₹26,084) acts as a magnet Targets: 🎯 ₹26,315 🎯 ₹26,485 🎯 ₹26,700 ATH reclaim zone: ₹26,277 🧠 Strategic Insight This setup signals trend continuation, not reversal. Traders can use pullbacks to the breakout zone (~₹25,900–₹26,000) as re-entry points with tight risk.
NSE:NIFTYLong
by TechnicalAnalystSucrit
SLPUSDT channel breakout ahead and massive pump The current price action of SLP reflects a prolonged bearish trend, with the token consistently establishing new all-time lows—a dynamic that has understandably resulted in a significant portion of holders facing unrealized losses. From a technical perspective, this extended decline may also be viewed as a potential basing or accumulation phase, often preceding a strong reversal. The key technical development to monitor is a decisive breakout above the prevailing descending trendline . Such a breakout, confirmed by a sustained increase in buying volume, would be the first strong signal of a potential trend reversal . In this scenario, the initial measured move could project a rally in the vicinity of +300%. Should momentum accelerate further following a successful breakout, the structure of such a basing pattern could support longer-term projections of 5x to 6x gains . However, these more ambitious targets are contingent on a sustained shift in market structure and continued strong buyer participation. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
1
USOIL/PLATINUM ratio signals BIG commodity bull marketBoth crude and platinum are inflation sensitive assets. Precious metals have been ripping and it is only a matter of time before crude follows. During the last big commodity bull market, both crude and platinum charged upwards, depicted in the ascending parallel on the ratio chart. This capital rotation was triggered by a double bottom in the USOIL/PLATINUM ratio. We are nearing a similar technical scenario with a double bottom imminent. Platinum has already broken out. Will oil be next?
TVC:USOIL
by JuanDeere
2
Bullish Airlines Cleared for Altitude!After squinting at the 4H chart like Sherlock with a caffeine addiction, I’ve confirmed: our price broke out of a flag pattern like it was tired of napping. It even did the polite thing—came back to retest—like, “Excuse me, just checking if I actually broke out. Yep. Cool.” Now it’s back on its bullish treadmill, charging uphill like a gym bro after pre-workout. As long as we’re above 3200, this beast might just pump harder than Bitcoin on caffeine and hopium. 🎯 Final destination? 161.80% Fib extension at 3580.22—aka “Mount Take Profit.” Pack snacks. It’s a climb.
OANDA:XAUUSDLong
by Cabeero
BNB About to Crash Hard or Just Faking You Out?Yello Paradisers, is BNB setting up for a major dump, or is this just another trap for impatient traders? This next move could catch a lot of people off guard if they're not paying attention to key levels. 💎BNBUSDT is currently looking bearish, as it's reacting strongly from a key resistance zone. This level is further reinforced by the 200 EMA, making it a significant area of confluence. On top of that, price has recently broken down from an ascending channel, which adds further confirmation to the potential shift in trend direction. When these signals line up like this, the probability of a bearish move increases substantially. 💎Now, ideally, we want to see a pullback into the resistance zone. That would give us a much better risk-to-reward entry for a potential short. However, entering blindly is never the move — we need clear confirmation. Specifically, we’ll be watching for a strong bearish candlestick pattern to form right at the resistance zone. If we get that, we can then expect a move toward the next liquidity zones and support levels below. 💎That said, we must stay objective. If BNB manages to break above the invalidation level and closes a candle beyond that point, it will completely invalidate the current bearish outlook. In that scenario, it's better to stay out and wait patiently for stronger price action to develop. There’s no need to force trades when the setup isn't perfect. 🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
2
S&P 500 index at PRZ — Next Bullish Rally!!!In general, I place significant importance on the S&P 500 index( SP:SPX ), especially over the past month, because of its strong correlation with the crypto market, particularly Bitcoin( BINANCE:BTCUSDT ). When sharp movements occur in the S&P 500 index, we often see a mirrored effect in the crypto market and Bitcoin’s chart. Currently, the S&P 500 index is moving near the support zone($6,776_$6,712) and the Potential Reversal Zone(PRZ) , and it appears to have successfully broken the upper line of the descending channel, which is a positive sign for a continued bullish trend in the coming days. From an Elliott Wave perspective, it seems that the S&P 500 has completed a zigzag correction(ABC/5-3-5) within the descending channel, and we can expect an upward wave towards the resistance zone($6,853_$6,823). I expect that the S&P 500 will begin to rise again from the Potential Reversal Zone(PRZ) and could climb at least up to $6,816. If it breaks resistance zone($6,853_$6,823), we can expect even more gains, which can also positively impact the broader markets. What’s your outlook on the S&P 500 index and the U.S. stock market? First Target: $6,816 Second Target: $6,834 Stop Loss(SL): $6,739(Worst) Note: During U.S. trading hours, market volatility and emotions tend to increase. Please make sure to apply strict risk and capital management. 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌S&P 500 Index Analyze (SPX500USD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDLong
by pejman_zwin
7
GBPUSD - Relief Rally Into Resistance? Sellers Watching Closely📉GBPUSD remains overall bearish on the higher timeframe. Price is still trading within a descending structure, and the broader trend continues to favor sellers rather than buyers. The recent upside move is best viewed as a corrective bounce, not a trend reversal. Price is now approaching a key confluence zone, where the former structure, horizontal resistance, and the descending trendline align. This is the type of location where trend-following shorts become interesting. I’m not interested in selling blindly, but rather in waiting for lower-timeframe bearish confirmation once price reacts at this resistance zone. ⚔️As long as price remains below the descending trendline and fails to reclaim the range above, the bearish bias stays intact. A clean break and hold above this resistance would be the only thing that forces a reassessment. For now, this looks like sellers getting another chance at a better price. Will this resistance cap the move once again, or do bulls finally break the structure? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
12
GOLD - Consolidation amid a bullish trend. To ATH?FX:XAUUSD , after retesting its ATH (to the 4375 zone), is falling amid weak US inflation data. The dollar is strengthening, but despite this, gold is in a bullish trend. US inflation (CPI) for November was lower than expected, but Trump's statements about the future “dovish” Fed chair are limiting the decline in gold. The market continues to expect the Fed to ease policy in 2026. Today, data on the US consumer confidence index will be released. Short-term pressure remains, but the fundamental background does not allow us to talk about a trend reversal. The market structure is bullish, but there is a magnet zone below: 4310 - 4300. MM is likely to test it before moving towards ATH and updating highs... Resistance levels: 4330, 4353, 4375 Support levels: 4308, 4300, 4291 The dollar is forming a temporary correction due to fundamental factors. A weak dollar will support gold... The 4308-4300 zone is a liquidity pool, and the market may test this area amid the dollar correction. A long squeeze could bring the market back to growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13
XAUUSD Holds Bullish Structure - Resistance at $4,380 in FocusHello traders! Here’s my technical outlook on XAUUSD (Gold) based on the current chart structure. After a corrective phase, Gold established a solid base and transitioned into a bullish recovery, forming higher lows and respecting the rising Support Line. The price previously moved through a consolidation Range, where accumulation took place before a clear breakout confirmed renewed buying momentum. Following this breakout, XAUUSD continued to trade within an ascending channel, showing a well-structured bullish trend. Recently, price pulled back into the Buyer Zone around 4,280, which aligns with the horizontal Support Level and the lower boundary of the rising structure. Buyers successfully defended this area, keeping the bullish structure intact. From this support, Gold has started to rebound and is now pressing higher toward the Seller Zone / Resistance Level near 4,380 (TP1) — a key supply area where sellers may attempt to slow the move. As long as XAUUSD holds above the 4,280 Support, the bullish scenario remains valid. I expect continued upside pressure toward the 4,380 Resistance (TP1). A clean breakout and acceptance above this seller zone would open the path for further bullish continuation. However, rejection from resistance could lead to a short-term consolidation or a healthy pullback back toward support. For now, the structure favors buyers, with 4,280 as key support and 4,380 as the main upside target. Always manage your risk and trade with confirmation. Please share this idea with your friends and click Boost 🚀
THINKMARKETS:XAUUSDLong
by LegionQ8
25
SOLUSDT - Countertrend correction to resistanceBINANCE:SOLUSDT , after updating its low, is forming a correction to the resistance conglomerate, but will the bears be able to hold back the upward movement? Bitcoin is testing 90K but is currently unable to consolidate above this zone. This is having a negative impact on the entire market. SOL is testing the 125.5 zone of interest after updating its low. If the bears keep the price below this level, SOL may come under pressure. Two key areas of interest: 124.5 and 128.9. If 124.5 does not hold the market, then before falling, within the global downtrend, SOLANA may test the upper resistance. Resistance levels: 124.5, 128.9 Support levels: 120.15, 116.7 Global and local trends are downward. At the moment, a countertrend correction is forming, which may be stopped in the indicated areas. A false breakout could trigger a decline. Best regards, R. Linda!
Short
by RLinda
3
MarketBreakdown | EURUSD, USDCAD, NZDUSD, EURCHF Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 The pair is trading in a healthy bullish trend on a daily. The price is steadily rising within a rising channel. It looks like we are going to see a test of its support soon. Probabilities will be high that another bullish movement will start from there. 2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦 The price is approaching a significant confluence zone based on a major horizontal support and a rising trend line. I will expect a bullish movement from there. 3️⃣ #NZDUSD daily time frame 🇳🇿🇺🇸 The market is trading in a bullish trend. I see a falling parallel channel - a bullish flag pattern, after a completion of the last impulse. Your next signal to buy will be a breakout of its resistance line and a daily candle close above it. 4️⃣ #EURCHF daily time frame 🇪🇺🇨🇭 I see 2 important bearish clues: the price violated a solid rising trend line and a horizontal neckline of a head and shoulders pattern. These signals indicate a highly probable bearish reversal. Do you agree with my market breakdown? ❤️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.
Short
by VasilyTrader
1
BTCUSD - Weekly Market Structure & Correction ScenarioBTC has completed a strong impulsive advance from the 2023–2024 accumulation zones and is now showing signs of structural distribution near the upper macro channel. Price has lost momentum after repeated rejections near prior resistance (~95k), suggesting a transition into a corrective or re-accumulation phase rather than immediate continuation. The 65k–75k region represents a high-probability acceptance zone, supported by prior market structure and volume profile. This area may act as a prolonged consolidation range before the market decides on the next directional move. A deeper retracement toward the 45k–50k high-value zone would likely require a significant macro or crypto-specific sell-off catalyst, rather than occurring organically. Invalidation : Weekly acceptance above ~95k and re-entry into the upper macro channel would invalidate the corrective thesis. This idea focuses on structure and value zones rather than short-term price prediction.
Short
by algoTraderGTP
1
GOLD - A pullback ahead of the news. Will there be growth?FX:XAUUSD is hitting resistance at 4350-4360 and forming a correction amid expected inflation and initial jobless claims data Mixed US employment data supports expectations of Fed policy easing. The market is pricing in two rate cuts in 2026 versus one in the Fed's forecasts, which supports the bullish trend for the metal. Today's US CPI release will be a key trigger for reassessing the Fed's rate trajectory. Expectations of tighter policy from the Bank of Japan and market reassessment are creating overall caution. A short-term correction in gold is possible, but the overall uptrend remains intact amid the Fed's dovish monetary policy and global uncertainty. Resistance levels: 4337, 4353 Support levels: 4311, 4300 Technically and fundamentally, the situation is favorable for continued growth. Corrections allow the market to gather liquidity before movement, however, there is news ahead that will determine further movement. I expect a retest of 4311 - 4300 before growth to 4353 - 4380. Sincerely, R. Linda!
FX:XAUUSDLong
by RLinda
25
ETHEREUM - Hunting for liquidity before the decline continuesBINANCE:ETHUSDT quickly returned to its decline after a short squeeze based on market manipulation and updated its low to 2805. Looking at the daily timeframe, we can see that ETH is in a downtrend. An attempt to break the bearish trend resulted in another decline, which has been going on for more than a week. Bitcoin fell victim to the reverse Christmas rally yesterday and formed a rather interesting daily bar on Wednesday, indicating a weak market. Global and local trends are downward. Ethereum is pausing after a bearish rally. The 2805 pause zone could trigger a correction to the zone of interest — the border of the previously broken consolidation zone of 2890-2936. Resistance levels: 2890, 2940, 2975 Support levels: 2805, 2715 A countertrend movement may form a false breakout before a further decline. Given the current technical situation, it is not rational to consider buying. We are looking for opportunities to sell... Sincerely, R. Linda!
Short
by RLinda
6