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Symmetrical Triangle

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
11
Breakout - Looks Good On Chart - GRAPHITE📊 Script: GRAPHITE 📊 Industry: Industrial Products (Electrodes & Refractories) Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover . 📈 Crossover in Double Moving Averages. 📈 Right now RSI is around 63. 📈 One can go for Swing Trade. 📈 In Monthly Chart It Script is forming Symmetrical triangle and about to give breakout, we can see good rally in future. ⏱️ C.M.P 📑💰- 555 🟢 Target 🎯🏆 - 578 / 597 ⚠️ Stoploss ☠️🚫 - 539 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:GRAPHITELong
by radha_23
At Support - Weekly Chart - TECHM📊 Script: TECHM 📊 Industry: IT - Software (Computers - Software & Consulting) Key highlights: 💡⚡ 📈On Weekly Chart Script is forming symmetrical triangle and trading near support line. 📈 Script is trading at upper band of BB. 📈 MACD and Double Moving Averages are giving Crossover 📈 Right now RSI is around 58. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1547 🟢 Target 🎯🏆 - 1612 / 1655 ⚠️ Stoploss ☠️🚫 - 1499 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:TECHMLong
by radha_23
GOLD → Testing 3700. What to expect from the price going forwardFX:XAUUSD continues to rally. Ahead lies the psychological barrier of 3700, where the market may form profit-taking ahead of Tuesday and Wednesday's news... Gold is testing 3700. The bullish trend remains unshakable thanks to a combination of macroeconomic and geopolitical factors. Expectations of Fed policy easing: There is a high probability of a 25 bps rate cut (possibly even 50 bps) as early as this week. Trump's pressure on Powell reinforces these expectations. Stagflation risks: Slowing growth amid steady inflation increases the appeal of gold as a hedge. Risks: Profit-taking: After a sharp rise, a short-term correction is possible in the psychological target zone of 3700. Retail sales data (today): Weak data will support gold, while strong data may temporarily strengthen the dollar. Fed decision (tomorrow): Even if the rate is lowered, a “sell on the fact” reaction is possible. Resistance levels: 3700, 3710 Support levels: 3685, 3675, 3657 Technically, since the opening of the session, gold has lost part of its daily ATR, and the upward movement may be zigzag-shaped, especially ahead of the news. I expect a correction from the market to 3685-3675 with the aim of rebounding upwards... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
29
SEI — Triangle Pattern Breakout Ahead?SEI has been consolidating in a symmetrical triangle for the past 78 days, now reaching the apex, signaling that a big move is coming soon. Price has been trading between two anchored VWAPs: From the $0.13 low → acting as support (currently ~$0.27) From the ATH → acting as resistance (currently ~$0.365) The POC of the 280-day trading range sits at $0.287, a key pivot level to watch. Support Confluence Anchored VWAP (from $0.13 low): ~$0.27 (long entry zone already tested) POC (280-day range): $0.287 → key stop-loss reference Symmetrical triangle breakout retest: ~$0.33 → potential re-entry after breakout Fib Speed Resistance Fan 0.618: ~$0.27 → reinforcing support at the anchored VWAP Resistance Confluence 0.618 Fib retracement: $0.5044 → aligns with $0.5 key level 3B Market Cap resistance: ~$0.505 Fair Value Gap (FVG): sitting around $0.5 Trend-Based Fib Extension 1.0: $0.5 → major target confluence 🟢 Long Trade Setup Entry Zone: Retest around $0.33 after breakout Stop-Loss: Below $0.287 (POC), to be adjusted after seeing a clear reversal sign. Target (TP): $0.50 Potential Gain: ~+50% Timeframe: Could take ~1 month to play out Technical Insight SEI has been compressing for over two months, and volatility is about to expand. The ideal entry at $0.27 (anchored VWAP support) has already triggered. The next opportunity lies in a triangle breakout + retest around $0.33. The $0.50 level stands out as a high-confluence target, combining Fib levels, market cap, FVG, and extension symmetry. _________________________________ 💬 If you found this helpful, drop a like and comment!
Long
by SiDec
2
EURUSD → Breakthrough of consolidation resistance. Rally?FX:EURUSD ends correction with a breakout of consolidation resistance. The market is waiting for a positive driver in the form of economic news that could support the growth of the euro... A breakout of the correction (consolidation) resistance has formed. However, the momentum is being replaced by a correction aimed at consolidating in the bullish plane, which could trigger continued growth in the medium term. The dollar looks weak, and expectations of interest rate cuts are supporting the euro. If the bulls keep the price above 1.17 - 1.172 within the current correction, the price may start to rally to highs... Support levels: 1.173, 1.1703 Resistance levels: 1.178, 1.183, 1.190 Before continuing to grow, liquidity may be captured relative to the previously broken consolidation resistance. A false breakdown of support at 1.173-1.170 could trigger a resumption of growth towards 1.190. Best regards, R. Linda!
Long
by RLinda
6
SOLUSDT → Consolidation before the rally. New high?BINANCE:SOLUSDT continues to form a bullish trend without reacting to market noise. The price is consolidating before a possible rise. Focus on the trigger... Bitcoin previously overcame correction resistance and is consolidating in an intermediate zone in anticipation of a bullish driver, which could generally strengthen positive sentiment in strong altcoins. Against this backdrop, the market may form growth... SOL is consolidating in a symmetrical triangle pattern within an uptrend. Buyers are gaining momentum, and a breakout of the consolidation resistance could trigger continued growth with a subsequent update of the maximum. Resistance levels: 208.5, 212.25, 218.0 Support levels: 201.7, 197.4 Before the breakout and growth, a retest of the 205.0 - 201.7 zone may form, however, a breakout beyond the symmetrical triangle may trigger a spread. Growth targets may be 220, 245. Best regards, R. Linda!
Long
by RLinda
12
EURUSD Long: Impulse Up from Demand Line of TriangleHello, traders! The price auction for EURUSD has been consolidating for an extended period, forming a large symmetrical triangle pattern. This structure signifies a period of balance and contracting volatility, with key pivot points establishing the upper supply line near the 1.1735 SUPPLY level and the lower demand line originating from the 1.1575 DEMAND level. The market has been coiling within these boundaries, building energy for a decisive move. Currently, the auction is at a critical inflection point. Following a rejection from the supply line, the price has completed a full rotation to the downside and is now directly testing the ascending demand line. This area represents a key potential support, where the market will decide if the bullish initiative can absorb the recent selling pressure and maintain the pattern's integrity. The primary scenario anticipates a successful defense of this ascending demand line by buyers. A confirmed bounce from this dynamic support would validate the triangle pattern and signal that a bullish rotation back towards the upper boundary is underway. The take-profit is therefore set at 1.1730 points, targeting the descending supply line of the triangle, which is the logical objective for this rotational play. Manage your risk!
Long
by heniitrading
13
GBPUSD → Retest resistance for a breakout. Distribution?FX:GBPUSD is attempting to break through the resistance of the symmetrical triangle consolidation pattern, which is a continuation pattern of the main bullish trend. Against the backdrop of stagnation and weakening of the dollar index, the GBPUSD price has stopped updating local lows, and consolidation in the form of a symmetrical triangle is forming. The strengthening of the GBP led to a breakout of the consolidation resistance, and if the bulls can stay above 1.352, then the market may trigger a rally to the resistance at 1.3588, from which a small correction is expected before continuing to grow to 1.378 thanks to motivated buyers. Resistance levels: 1.3589, 1.3674 Support levels: 1.3524, 1.3446 In the 1.3525 zone, there may be a prolonged struggle for the buying area (above resistance). If the bulls manage to stay above the resistance conglomerate, this will confirm the fact of a resistance breakout and the end of the downward correction, which may trigger a continuation of the global trend and price growth to 1.378. Best regards, R. Linda!
Long
by RLinda
9
GOLD → Retest 3400 before the news. Will there be a rally?FX:XAUUSD is pulling back slightly after hitting a new high of 3423. The trend is bullish, and on the D1 chart we see a breakout of a symmetrical triangle, which generally hints at bullish potential. Gold is correcting after rising to $3423 in anticipation of US PCE inflation data. Key factors: Doubts about the Fed's independence are limiting the USD's strengthening. Soft Fed rhetoric: Board member Waller supported a rate cut in September and further easing. The probability of a September rate cut is estimated at 87%. Today's news: Core PCE inflation data (forecast: 2.6% y/y). If below forecast → increased expectations for policy easing → support for gold If above forecast → dollar strength → gold correction Short-term gold dynamics depend on inflation data and its impact on Fed rate expectations Support levels: 3405, 3394, 3386.5 Resistance levels: 3415, 3423, 3433 As part of the correction, the price may test liquidity zones and enter a consolidation phase ahead of the news. However, the market is one step away from distribution (exit from a symmetrical triangle). If the bulls keep the price above 3400 as part of the correction, we will have a good chance to catch the rally... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
20
GOLD → Bullish trend. Pullback before growthFX:XAUUSD continues to gradually storm the 3375-3405 area, paving its way to strong resistance at 3410. The fundamental background is relatively positive, with a bullish trend. Gold has retreated slightly from its two-week peak ($3400), but retains its growth potential against the backdrop of two key factors: Pressure on Fed Chair Lisa Cook is undermining confidence in the dollar and strengthening demand for defensive assets. New tariffs on China and India are reviving fears about global growth, which is beneficial for safe havens. But there are also restraining factors: A strong dollar could limit gold's growth. It is also worth paying attention to Friday's US inflation data (PCE), which will determine the further trend. Soft data will reinforce expectations of a Fed rate cut and push gold higher. Resistance levels: 3386.5, 3393.5 Support levels: 3373.7, 3369.6 Movements up to 3410 may be zigzagging due to the fairly heavy zone of 3375 - 3410 (this can be seen in the volume profile). Focus on local but strong support: 3373 - 3369, the market may test this area before storming resistance 3386 - 3393 for growth to 3405 - 3410. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
33
GOLD → Correction before continuing distribution to 3400FX:XAUUSD entered a correction phase at the start of the session after Friday's rally, triggered by positive fundamentals... Gold is falling after Friday's rise, triggered by Powell's unexpectedly dovish comments in Jackson Hole. He confirmed the Fed's readiness to cut rates in September amid risks to employment and economic growth. The probability of a September rate cut has risen to 88%. Gold is correcting after a sharp jump, but the downside potential is limited. Market attention is focused on PCE inflation data this week Technically, the decline in gold prices may be temporary as the market continues to reassess the prospects for the Fed's dovish policy. The key factor will be Friday's PCE data, which will confirm or adjust expectations for an aggressive rate cut. Support levels: 3358, 3350, 3340 Resistance levels: 3375, 3405 The 3358-3350 area acts as a strong support zone, and it is also worth paying attention to the previously broken downward consolidation resistance. The market may test the support zone before rising, and a false breakdown and consolidation above the support level could have a bullish impact on the market... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
25
GOLD → Consolidation and news. What are the chances for growth?FX:XAUUSD is consolidating in a symmetrical triangle pattern. Market uncertainty remains high. The global trend is bullish, while the local trend is neutral. What can we expect from gold? Gold is falling ahead of Powell's speech in Jackson Hole. The dollar is strengthening on strong US economic data (housing sales and PMI growth), which reduces the likelihood of an early easing of Fed policy. Key factors: Powell may confirm a cautious approach to rate cuts. The probability of a rate cut in September has fallen to 75%. The rise of the dollar as a “safe haven” is putting pressure on gold Scenarios after the speech: Hawkish tone from Powell → dollar rises → gold falls below $3300. Soft signal → dollar correction → gold recovery Technically , the gold casino continues and it is difficult to determine in advance which way the symmetrical triangle will break, but if we bet on a bullish trend and the likelihood of an imminent interest rate cut, the most likely scenario is a rebound from the support zone followed by a breakout of resistance and a rise to local levels Resistance levels: 3350, 3358, 3370 Support levels: 3323, 3320, 3315 A false breakout of the key support level, which is being defended quite aggressively by the bulls, could trigger an active recovery phase. However, it is important to keep an eye on Powell's speech, as well as Trump's, who will also be commenting this afternoon. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
10
PENDLEUSDT → Retest of the 5.0 liquidity zone before rising to 7BINANCE:PENDLEUSDT is still consolidating, but is preparing to enter a correction phase, which could be triggered by a breakdown the 5.23 support level. Correction is a vital stage for further growth. Bitcoin has entered a correction phase, which in turn is triggering a correction in altcoins. PENDLE is testing support at 5.23, and a break of this support level, which is already being tested for the sixth time, could trigger a price decline to the liquidity zone of 5.01 - 4.72 PENDLE looks quite positive in the medium term, the coin is strong and continues to form a bullish trend. The current correction is aimed at accumulating potential before continuing growth, which may resume after retesting the support zone. Resistance levels: 5.833, 6.42 Support levels: 5.23, 5.013, 4.719 On the weekly chart, PENDLE is consolidating above the strong support level of 5.013. As part of the correction, the market may confirm this support and continue its growth towards the ATH from the mirror level. Best regards, R. Linda!
Long
by RLinda
7
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