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Parallel Channel

GOLD (XAUUSD): Deep Consolidation This week is very slow for Gold. The market is stuck within a wide horizontal range on a daily time frame. With the absence of high impact US fundamentals, I think that probabilities will be high that the market will keep consolidating. The best strategy to follow for now is to look for trading opportunities from the boundaries of the underlined parallel channel: selling from the resistance and buying from the support after a confirmation. As the price is closer and closer to the resistance, wait for its test and then look for selling. That is the plan so far. ❤️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
1
Nifty delicately placed near Father line. Nifty is delicately placed near the father line now. Starting to look a little oversold. There are chances that we can see a bounce from here tomorrow or next week. Bihar election results will also be looked at many as a barometer to see how the current Government is being seen by larger parts of India. Bihar is usually seen as a litmus test. A result that market would like can certainly drive the next leg of rally. If the result is against market expectation certainly we will see more downside or consolidation. Supports for Nifty remain at: 25490 (Father line support today low was 25491), 25431 (Mid channel support is around this zone), 25314, 25151, 25024, 24886, 24674 is the channel bottom. Resistance for Nifty on the upper side are: 25598, 25719 (Mother line resistance), 25904, 26089, 26179 currently is the channel top. To know more about Mother Father lines and my Mother, Father small Child theory, Fundamental analysis and how to draw charts or use Techno-Funda analysis do read my book the Happy Candles Way To Wealth Creation rated 4.8/5 on Amazon. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
GOLD → The market is trying to buy back the decline...FX:XAUUSD continues to consolidate in the $4000 zone, failing to develop a rebound in the middle of the week. The price remains in a sideways trend for the eighth day in a row, waiting for a driver that will finally move the price forward... Reasons for market restraint: Strong US data: growth in ADP private employment, growth in the ISM services business activity index, lower odds of Fed easing, the probability of which has fallen to 62% for December... However, the ongoing government shutdown and the delay in employment and inflation data are supporting the metal... Gold is looking for new catalysts. A break above $4030-$4050 will require weak US data or an escalation of risks, which is not currently the case. Resistance levels: 4030, 4050 Support levels: 4000, 3967, 3955 As the specified resistance is reached, the potential for further growth may be exhausted, and in this case, a false breakout could lead to a correction to 4K. However, if support does not hold the decline, this phase could last much longer. I am not yet talking about further growth beyond 4050, as the fundamental background is weak and there has been no reaction to this zone yet, since the price is still far from the level... Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
5
EURJPY → Long squeeze before growth FX:EURJPY is forming a long squeeze and a false breakdown of support amid a sharp decline. The trend is bullish, and buyers may enter the game against the backdrop of a weak yen. The Japanese yen is falling, giving way to the euro, which is strengthening against this backdrop. EURJPY is forming a global uptrend, which may generally support price growth... The currency pair is returning to its trading range after a false breakdown of support. If the bulls hold their ground above 176.600, the price may form an upward momentum. Resistance levels: 176.6, 177.0, 177.34 Support levels: 176.37, 176. 3 The market is trying to buy back the sharp decline, and the price is returning to the long zone, forming a reversal pattern. If the bulls hold the price above the support of the trading range, the market will have a chance to grow. Best regards, R. Linda!
Long
by RLinda
8
ETHUSDT → Breakdown of the global trend. Distribution to 3360BINANCE:ETHUSDT is entering a distribution phase after breakdown of a consolidation formed against the backdrop of a bearish trend (correction). Sentiment, like the fundamental background, is changing... Bitcoin is falling, which is putting pressure on the market. The reasons are weak fundamentals, index correction, and the rise of the dollar (outflow of funds from the market). On the daily ETH timeframe, we see a break in the uptrend. Monday's candle closed below the trend line, and since the opening of the session, the price has rallied (panic???) Ethereum is coming out of consolidation (breakthrough of 3671). A distribution phase is forming, directed towards 3366 (liquidity pool). Technically, a false breakdown of support could trigger a pullback to 3600 (retest of the previously broken upward support line). Support levels: 3366, 3150, 3000 Resistance levels: 3600, 3670, 3916 Despite the breakdown of the trend structure, we have strong support ahead. If the bulls hold 3366, the market may form a wider trading range. But if the overall background does not change, the decline may continue after the correction... Best regards, R. Linda!
Short
by RLinda
7
HTZ:From Breakdown to Breakout,Bullish Reversal Gaining TractionHertz Global Holdings, Inc. (NASDAQ: HTZ) Technical Outlook: Potential Reversal Following Structural Breakout Date : 5 November 2025 Summary Hertz Global Holdings (HTZ) has exhibited signs of a potential medium-term trend reversal following a prolonged downtrend since mid-2023. Multiple bullish technical signals — including a breakout from key continuation patterns, RSI divergence, and sustained support retests — point toward a possible shift in market sentiment. Price Action and Technical Developments 1. Downtrend continuation : Since July 2023, HTZ has been in a persistent downtrend, reinforced by a breakdown below major horizontal support. 2. Symmetrical triangle breakdown (Feb 2024) : The stock failed to hold within a consolidation structure, confirming bearish momentum at that stage. 3. Bullish divergence (Sept 2024) : Despite registering new price lows, the RSI formed higher highs, suggesting weakening downside momentum and potential for reversal. 4. Falling wedge breakout (Nov 2024) : Price action reversed from a classic bullish pattern, followed by a strong rally through the end of November. 5. Symmetrical triangle breakout (Apr 2025) : HTZ broke out of consolidation on elevated volume, coinciding with a break above the long-term descending trendline — a key technical inflection point. 6. Current setup (Nov 2025) : The share price is consolidating within a falling channel. On 4 November 2025, it rebounded from a confluence of supports — including the uptrend line from September 2024 and prior resistance turned support — reinforcing near-term bullish bias. Trading Idea Entry Zone: 4.71 - 5.50 Target: 10.50 and 15.00 Support: 4.71 Conclusion After a long downtrend, HTZ is showing a clear shift in momentum. With multiple bullish patterns confirmed and strong support holding, the stock may be entering a new uptrend phase toward USD 10.50 and USD 15.00.
NASDAQ:HTZLong
by wan07
EURUSD: Rebound Phase Developing From 1.1510 Support ZoneHello everyone, here is my breakdown of the current Euro setup. Market Analysis EURUSD has been forming a complex market structure, transitioning through several distinct phases. Initially, the pair traded within a Range Zone, showing indecision between buyers and sellers. A strong bullish breakout from the range led to the creation of an Upward Channel, where buyers maintained momentum until the price reached the 1.1660 Resistance Zone. This level acted as a significant supply area, resulting in multiple rejection points and eventually a bearish breakout from the channel. Recently, EURUSD began consolidating in a Descending Triangle Pattern, with the Triangle Resistance Line serving as a dynamic barrier against bullish attempts and the Triangle Support Line acting as a demand zone. Currently, the pair is testing this support zone around 1.1500–1.1480, which has already provided several short-term rebounds. A clear break below this area could confirm a continuation of the bearish structure, potentially pushing price lower toward 1.1450 and even 1.1400. On the other hand, a rebound from the support line with strong bullish momentum could signal the beginning of a reversal move, targeting the resistance levels at 1.1530–1.1540. My Scenario & Strategy From my perspective, EURUSD sits at a pivotal technical point. If the Triangle Support Line continues to hold, I expect a bullish breakout attempt above the triangle’s resistance, confirming a possible trend reversal toward higher levels. Short-term traders could look for long entries near the 1.1500 support zone with tight stop-losses below 1.1480, aiming for a retest of 1.1530–1.1540. However, if the pair breaks and closes below 1.1480, it would invalidate the bullish scenario and likely trigger renewed selling pressure toward 1.1450–1.1400. For now, I remain cautiously bullish, expecting a potential rebound from the support base before a decisive move unfolds. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
11
XAUUSD: Bulls Defend Channel Support, Eyeing $4,130 ReboundHello everyone, here is my breakdown of the current Gold setup. Market Analysis Gold (XAUUSD) continues to trade within a well-defined upward channel, showing a clear structure of higher highs and higher lows. After a series of breakouts and retests, the price recently tested the channel support and the key demand zone around $3,900–3,920, confirming buyers’ activity in that area. Currently, previous fake breakout above the $4,130 resistance area led to a pullback, but the market is now stabilizing and showing early signs of bullish momentum. This zone aligns with both the lower boundary of the ascending channel and a horizontal support area — a technically strong confluence that often attracts long positions. My Scenario & Strategy The current setup suggests that as long as the $3,900 support holds, gold remains in a bullish structure. A confirmed bounce from the lower channel boundary would likely trigger a new impulsive move toward the $4,130 resistance zone, which is also the previous breakout area. If buyers manage to break and hold above that resistance, the next potential upside target is around $4,200–$4,250, aligning with the upper boundary of the channel. My strategy here is to look for bullish confirmation signals (candlestick patterns or volume breakout) near the support zone and aim for long entries with targets toward $4,130 and higher. A daily close below $3,880 would invalidate this scenario and open the door for a deeper correction. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
FOREXCOM:XAUUSDLong
by Ratner
12
BTCUSD Rebounds from Support — Bulls Eye $106K Recovery MoveHello traders, I want to share with you my opinion about Bitcoin (BTCUSD). Bitcoin has been experiencing a prolonged corrective phase following a previous bullish rally. The market recently retested the Buyer Zone near $103,800–$104,200, where strong demand has once again emerged. This area has historically acted as a reliable support level, preventing deeper declines and triggering multiple rebounds. Currently, the structure is forming a descending wedge pattern, characterized by converging resistance and support lines. This technical formation often signals potential bullish reversals, especially when it appears near a key demand zone. The latest test of the lower wedge boundary coincided with the Support Level, resulting in a sharp reaction from buyers. From my perspective, as long as the price holds above the Buyer Zone, the probability of a bullish breakout increases. A confirmed breakout above the resistance line would likely validate a move toward the $106,000 TP1 level, which aligns with previous local highs and the upper boundary of the pattern. However, if BTC fails to break the resistance and falls back below $103,800, sellers could temporarily regain control, pushing the price lower before another accumulation phase develops. Overall, the current setup favors the bulls, with clear structural support and a tightening pattern suggesting that Bitcoin may soon attempt a rebound toward $106,000 and potentially higher levels. Please share this idea with your friends and click Boost 🚀
THINKMARKETS:BTCUSDLong
by LegionQ8
19
Euro continued Weakness Points to 1.1480 RetestHello traders, I’d like to share my view on EURUSD. The current market structure shows a clear bearish momentum, with the pair consistently forming lower highs and lower lows inside a well-defined descending channel. The rejection from the 1.1660 Resistance Zone — which coincides with a strong Seller Zone — marked the beginning of a sustained downtrend. After a fake breakout attempt above the resistance, the market quickly reversed and continued to decline, confirming that sellers remain in control. The pair is now trading close to the Buyer Zone, which aligns with the Support Level around 1.1500–1.1480. This area has historically acted as a key demand region, making it crucial for the next price reaction. At the moment, EURUSD is respecting both the Resistance Line and the Support Line within the channel, showing the continuation of the bearish cycle. My primary scenario anticipates a potential short-term pullback toward the upper boundary of the channel (around 1.1560–1.1580) before another bearish impulse develops toward TP1 at 1.1480. However, a confirmed breakout above 1.1600 could invalidate this bearish setup and open the way for a broader correction toward the 1.1660 Resistance Level. Until then, the trend remains bearish, and I favor short opportunities targeting 1.1480 as the next key level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
22
Netflix in a Downtrend ChannelThe Netflix (NFLX) daily chart shows a well-defined descending channel that started from around $1,350 and remains intact. The price is currently trading near the lower boundary of the channel ($1,080–$1,100) — a critical zone where buyers may attempt to step in or where a potential bullish divergence could form. Short-Term Outlook (next few days to weeks): In the short term, the $1,080 area acts as strong support. If the price manages to hold above this level and bounce back over $1,130, a corrective move toward $1,180–$1,200 is likely — an area that aligns with both the 50-day SMA and the midline of the channel. However, a confirmed breakdown below $1,080 could trigger further downside toward $1,020 or even the lower channel line near $980. • Bullish short-term target: $1,180–$1,200 • Bullish stop loss: Below $1,075 • Bearish short-term target: $1,020–$980 • Bearish stop loss: Above $1,130 Long-Term Outlook (1–3 months): As long as the price remains within the descending channel, the broader trend stays bearish. Yet, the channel is starting to narrow, which often signals a potential end to the correction phase. A breakout above the upper boundary ($1,220–$1,250) with confirmed closes would signal a trend reversal, opening the way toward $1,350–$1,400. Conversely, if the lower channel support around $980 breaks down, the next downside target would be $915. • Bullish long-term target: $1,350–$1,400 • Long-term stop loss: Below $980 In summary, Netflix is sitting at a decisive point within its downtrend channel — holding above $1,080 could spark a short-term rebound, while a breakdown could send the stock below $1,000 toward deeper support levels.
NASDAQ:NFLXLong
by isahebdadi
ETH/USD: Bullish Channel Under Pressure? Daily ETH/USD chart shows price respecting a long-term ascending channel from the $3,200 low. After consolidation between $3,800–$4,200, ETH has pulled back to the channel midline (~$3,900) amid selling pressure. • Key Support: $3,600–$3,700 (lower channel line + 0.618 Fib) • Immediate Resistance: $4,100–$4,200 (upper line + psychological level) • Volume: Declining on red candles → weakening bearish momentum Bullish Case: Hold above $3,700 → retest $4,200
Bearish Case: Break below $3,600 → target $3,200–$3,000 Trade Idea: Long on pullback to $3,700 (SL below $3,550); short below $3,600.
BINANCE:ETHUSD
by nargesbabazdaeh
1
EURUSD Short: Sellers Targeting Move Toward 1.1480 SupportHello traders! EURUSD continues to move within a clear bearish structure after facing strong rejection from the 1.1660 Supply Zone. The pair recently formed a Pivot Point at the top of the Ascending Channel, where a Fake Breakout signaled exhaustion among buyers and triggered renewed selling pressure.After breaking below the Ascending Channel, EURUSD established a new Descending Channel, confirming that sellers have regained momentum. The Supply Line has been well-respected, with each pullback offering another opportunity for sellers to enter the market. Currently, the price is hovering near the Demand Line, around the 1.1520–1.1500 area, which coincides with a previous pivot zone. While a minor rebound from this level is possible, overall momentum remains bearish as long as price trades below the 1.1600–1.1660 Supply Zone. From my perspective, EURUSD is likely to continue its downward move toward the 1.1480 Demand Level, aligning with the lower boundary of the current channel. A confirmed breakdown below 1.1480 could open the door for a deeper decline toward 1.1450. However, a strong bullish reaction from this area could lead to a temporary pullback toward 1.1560–1.1580 before the next leg lower. For now, I remain bearish on EURUSD, monitoring potential short setups from the upper channel boundary with a primary target near 1.1480. Manage your risk!
Short
by heniitrading
17
GOLD → Consolidation is narrowing... Price is weakening FX:XAUUSD is trading near $4,000, consolidating after the Fed's statements and awaiting new macro data. The trading range has narrowed to $3,886–4,046, forming a symmetrical triangle (unpredictability) Fed caution: Powell ruled out guarantees of a rate cut in December, which supported the dollar and limited gold's growth. US shutdown: Could become the longest in history, causing economic concerns, but is expected to end this week. Weak data: ISM Manufacturing PMI (48.7) pointed to contraction in the sector, which is holding back the dollar's strengthening. This week, attention is focused on ADP and ISM Services — assessing the impact on Fed rates. NFP (if published) — a key benchmark for the labor market. Accordingly, gold is in wait-and-see mode. Clear signals from the data or the Fed will be needed to break out of the range. The $4000 level remains a psychological equilibrium point. Resistance levels: 4000, 4030, 4050 Support levels: 3956, 3915, 3900 At the moment, the price is far from the key consolidation boundaries, and the market is uncertain. In this case, we are considering trading within the channel. I expect to see a retest of the flat resistance or the triangle boundary and a rebound. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
18
USDCAD: Time For Correction 🇺🇸🇨🇦 There is a high chance that USDCAD will continue retracing from the underlined blue resistance. The price formed a double top pattern on that and violated a support line of a rising channel with a bearish imbalance candle after its test. I will expect a down movement to 1.4047 ❤️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