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Triangle

HSSEB - ASCENDING TRIANGLE BREAKOUT !HSSEB - CURRENT PRICE : RM0.710 HSSEB is bullish because : The stock is above 50-day EMA. The share price is above ICHIMOKU CLOUD CHIKOU SPAN is above CANDLESTICK RSI is above 50 Today (20 August 2025) the stock broke out ASCENDING TRIANGLE pattern with high trading volume - indicating strong bullish momentum. The stock may trend higher in near term. ENTRY PRICE : RM0.700 - RM0.710 TARGET : RM0.780 and RM0.845 SUPPORT : 50-day EMA (CUTLOSS if price close below 50-day EMA)
MYX:HSSEBLong
by IMRAN_96
GOLD → Correction and retest of a previously broken level...FX:XAUUSD breaks through the support of the local consolidation “symmetrical triangle” and falls to a minimum of 3311... Gold remained at a three-week low of around $3,300 in Asian trading on Wednesday as markets awaited the Fed minutes and Powell's speech in Jackson Hole. The dollar is strengthening on expectations that the Fed chair will reject the idea of aggressive rate cuts despite weak labor market and inflation data. The probability of a rate cut in September is estimated at 85%. Strong housing market data and news about negotiations on Ukraine provided additional support to the dollar. Powell's comments on Friday remain the key factor for gold, while current movements are mainly technical in nature. Resistance levels: 3328, 3331, 3345 Support levels: 3314, 3300, 3328 Technically, a correction is forming after a bearish rally. As part of the correction, the price may test the zone of interest, which is represented by local resistance levels. Distribution could bring the price to 3300-3270. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
19
Gold Price Forming Bullish Triangle – Breakout Targeting 11% UpsPattern: The chart shows a Bullish Symmetrical Triangle (ABCDE structure) after a 5-wave rally. Wave Count: Labeled as A–B–C–D–E consolidation within converging trendlines. Current Position: Price is near point E, suggesting the triangle is close to completion. Projection: A bullish breakout is expected after wave E. Target: Price: ~3,826.68 USD Gain: +406.19 points (+11.88%) Timeframe: ~29 days remaining (projection into September). Volume: Moderate (~15.74K) during consolidation. Technical Context: Left inset shows a Bull Market triangle breakout schematic, indicating this setup aligns with a bullish continuation pattern. The April correction (-11.9%) reset the trend, followed by the ongoing consolidation. 📌 Conclusion: Gold is forming a bullish continuation triangle and may rally ~11% toward 3,826 if the breakout occurs within the projected timeframe (about a month).
CAPITALCOM:GOLDLong
by GKTrademanthan
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
22
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
A British Japanese Triangle (GBP/JPY)Setup Price broke out of a triangle pattern but after a successful test of prior highs at 200 psychological resistance, dropped back to the broken upper trendline of the triangle only to rebound back to the big 200 level. Signal The price snapped below its rising trendline on the daily chart as well as a price pivot at 196 - and RSI fell below support from the 50-level before rebounding sharply to form a new multi-week high. A daily close over 200 should confirm the uptrend has resumed.
Long
by jasperlawler
When an Obvious Reversal is a Continuation (GBP/USD)Setup GBP shows a long term rising wedge pattern. After a small move above the top of the wedge, price declined until just before its 30 week moving average and has since bounced back strongly, though remains below the prior high. Signal On the daily chart, price broke below a rising trendline and RSI fell back into oversold territory for the first time since the start of the year. However, that was followed by a strong bounce back over the broken trendline. A breakout over 1.355 then the old high would confirm the uptrend has resumed.
Short
by jasperlawler
ETH/USDT – Mega Breakout on Higher Timeframe!Ethereum has confirmed a massive breakout on the 2W timeframe, breaking through a multi-year cup & handle and also ascending triangle formation. This is one of the strongest bullish continuation patterns and could fuel ETH into a new long-term rally. 🚀 📊 Chart Analysis Pattern: Cup & Handle on the 2W chart. Breakout Zone: Around $4,000–$4,300, now acting as support. Measured Move Target: ~$14,500 (based on cup depth). Stop Loss Zone: ~$3,200 (below major support). ✅ Bullish Factors Multi-Year Accumulation: ETH has spent years consolidating below $4K, and this breakout confirms strength. High R:R Setup: Risk is limited while the potential upside is ~3x from current levels. Market Cycle Timing: BTC dominance topping out + potential altseason rotation favors ETH’s outperformance. Strong Structure: Break above resistance aligns with long-term moving averages flipping bullish. ⚠️ Risk Factors Macro events (FOMC, inflation data) could cause temporary retracements. A weekly close back below $4K would invalidate the breakout. BTC volatility may suppress ETH in the short term before altseason kicks in. 🎯 Targets TP1: $6,500 TP2: $9,500 TP3: $14,500 (full measured move target) 📌 Conclusion ETH is showing one of the strongest technical breakouts in years. If $4K+ holds as support, the path to new ATHs and beyond looks wide open. This setup could define the next phase of the bull market. Bulls are in control — it’s ETH’s time to shine. 🌟 🔔 What’s your target for ETH in this cycle? $10K or higher? Let me know in the comments
Long
by CoreCrypto1
ADA/USDT : Heavy Pullback Expected Before Major Price Surge📊 Pattern Overview Cardano is shaping a classic contracting triangle on the daily timeframe, with all legs unfolding as 3-wave zigzags, fully compliant with NeoWave rules. • Wave A: $1.33 → $0.51 (zigzag decline) • Wave B: $0.51 → $1.18 (zigzag rally, ~82% retrace of A) • Wave C: $1.18 → $0.52 (zigzag decline, ~99% retrace of B) • Wave D: $0.52 → $0.92 (zigzag rally, ~61% retrace of C, currently in progress) • Wave E: Expected $0.92 → $0.51 (projected zigzag, targeting channel support) This setup aligns with a contracting triangle, with converging trendlines projecting an apex around November 2025. ⸻ 📉 Near-Term Expectation • Wave E is anticipated to pull ADA back toward $0.51 (long-term channel support). • This would complete the triangle and set the stage for a powerful bullish thrust. ⸻ 🚀 Post-Triangle Outlook • A bullish breakout from the triangle could target: • $1.5 (TP1) • $1.8 (TP2) • This aligns with NeoWave projections of a 75–125% thrust of the channel width. • Break of $0.92 (BOS) will be the confirmation trigger for the rally. ⸻ 🎯 Trading Plan • Entry: Wait for pullback to ~$0.51 (Wave E completion) and BOS confirmation. • Targets: $1.5 – $1.8 • Stop Loss: Below $0.45 • Risk Management: 1–2% capital per trade, trail stops above $1.0 once thrust begins. ⸻ ⚠️ Key Levels • Support: $0.51 (channel bottom) • Resistance: $1.0, then $1.5–$1.8 • Invalidation: Break below $0.45 ⸻ ✅ Summary: Patience is key. A final pullback toward $0.51 could be the last shakeout before a major bullish breakout.
Short
by CryptoPilot
21
Triangle Ascends on GJOANDA:GBPJPY seems to be forming an Ascending Triangle after a 3rd test of the Rising Support suggesting a strong Trendline that price is continuing to bounce from. An Ascending Triangle is typically considered a Bullish Continuation Pattern when Price is in an uptrend prior to falling into the Pattern. Currently Price is being held below the Horizontal Resistance Zone @ 200 - 200.3 Once Price is able to Break Above Resistance, this could deliver Long Opportunities as a Breakout and Retest Set-Up of the Ascending Triangle! **Beware of potential False Breakout or a Breakout in the Bearish direction!
Long
by Novi_Fibonacci
2
ICICI Bank on the move! A strong buy opportunity spotted.There are two charts of ICICI Bank—one on the 1-hour timeframe and the other on the 4-hour timeframe. On the 4-hour chart, ICICI Bank is trading within a well-defined parallel channel, with strong support in the 1400–1410 zone. “On the 1-hour chart, ICICI Bank is forming a Symmetrical Triangle pattern with support near 1424. The weekly pivot level at 1423 may also act as strong support, while the monthly pivot at 1450 is acting as resistance. The pattern breakout indicates a potential target of 1465. If this support level holds, the stock may witness higher price levels. Thank You !!
NSE:ICICIBANKLong
by FiveCircles
GOLD → Attempt to break through 3350 for a retest of 3370FX:XAUUSD is stagnating in a range, awaiting a driver. The price is consolidating, with boundaries narrowing and forming a symmetrical triangle... Gold is trying to consolidate above $3,350 after falling to an 11-day low of $3,325 amid geopolitical uncertainty. Markets are awaiting Trump's talks with Zelensky, which will be joined by European leaders, hoping for a quick peace agreement on Ukraine. However, general optimism is limiting demand for “safe assets.” Expectations of a dovish Fed policy and the possible lifting of sanctions against Russia are adding to the positive sentiment. At the same time, gold risks a correction if the dollar strengthens amid profit-taking ahead of the Fed minutes and Jerome Powell's speech in Jackson Hole. Technically, if gold can break through the 3350 level, the market may test the 3370 resistance in the short term, but then return to support due to uncertainty. Resistance levels: 3350, 3370, 3400 Support levels: 3331, 3315, 3301 At the moment, since the price is in a range, it is worth considering an intrarange trading strategy: false breakouts or rebounds from strong levels. I think that until a strong driver appears, gold will remain within the specified range. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
14
Gold can make correction and then continue to move upHello traders, I want share with you my opinion about Gold. The price market is currently in a state of equilibrium, consolidating within a large symmetrical triangle after a significant upward rebound from the recent lows near the 3310 buyer zone. This reversal invalidated the prior downward trend and has since forced the price into a period of balance, characterized by contracting volatility between a descending resistance line and an ascending support line. The price has been methodically rotating within this structure, with the seller zone around the 3390 resistance level consistently rejecting bullish attempts. At present, the asset is undergoing another downward correction, approaching the critical ascending support line of the triangle for a key test. The primary working hypothesis is a long scenario, based on the expectation that buyers will once again defend this dynamic support and maintain the integrity of the consolidation pattern. A confirmed and strong bounce from this support line would signal the start of another major upward rotation within the triangle. Therefore, the tp for this long idea is strategically placed at the 3390 level. 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:XAUUSDLong
by LegionQ8
22
Germany 40 Index – Ukraine’s Future and All-Time Highs in FocusThe Germany 40 index registered its last record high at 23639 on July 9th and since that date has struggled to regain the upside momentum that took it there, with general sentiment towards European indices taking a dip after the EU agreed to a trade deal imposing 15% tariffs on exports to the US, the ECB decided to pause cutting interest rates to assess incoming economic growth and inflation data, and Q2 earnings from European corporates disappointed when measured against analyst expectations. However, things have started to improve in August, with the Germany 40 experiencing a rally of 5% from its August 1st lows of 23378 to last Friday’s highs at 24544. So, what’s changed? , well general risk sentiment has been boosted by increased trader hopes of a Federal Reserve interest rate cut in September, and perhaps more importantly for European indices, and the Germany 40 in particular, anticipation that last Friday’s (August 15th) Alaskan summit between President Trump and Russian President Putin could be the first tentative step to agreeing an extended ceasefire in Ukraine, potentially even a peace agreement. Early trading in European indices this morning has reflected guarded optimism that progress is being made regarding Ukraine, with the Germany 40 index currently up 0.2% at 24,418 (0630 BST). Whether this move can extend further, may now depend on the outcome of a meeting scheduled for later today in Washington between President Trump, Ukrainian President Zelenskiy and key European leaders, including German Chancellor Merz, UK PM Starmer and French President Macron. According to Bloomberg, talks are expected to focus on US security guarantees, territorial issues and continued support for Ukraine in its defence against Russian aggression. Technical Update: Focus on All-Time Highs Since early June, the Germany 40 index has failed to establish a sustainable trend, be it to the up or downside. As the chart below shows, this has resulted in sideways price activity between resistance marked by 24639, the July 9th all-time high and support offered by the uptrend connecting the 23013 June 19th and 23378 August 1st lows. This trendline currently stands at 23494. This type of sideways activity can extend over a prolonged period, with only a closing break above resistance or below the support levels suggesting a more prolonged phase of price movement, in the direction of the break. However, with the on-going discussions regarding Ukraine increasing the potential for Germany 40 index volatility, traders may be asking if a breakout from the current range is possibly about to materialise, and if so, where the next support or resistance levels may then stand. Possible Resistance Levels: Having already found selling interest at 24639 and it being the current all-time price high, there is a possibility that if strength re-emerges, sellers may once again be found at this level. As such, 24639 could be a resistance focus for traders in the near term. While not a guarantee of price strength, daily closes above 24639, could reinforce the upside potential for the Germany 40 index. If confirmed breaks materialise, prices may continue their advance to the next possible resistance at 25138, which is the 38.2% Fibonacci extension. Potential for a further phase of price strength could in turn be suggested by closing breaks above this 25138 level, which may bring the higher resistance at 25436 (61.8% extension) into play. Potential Support Levels: To the downside, during periods of price strength, the Bollinger mid-average can be a potential support. For the Germany 40 index, this currently stands at 24134. Should prices manage closing breaks below 24134, it may prompt further attempts to extend any weakness to test the 23494 trendline support, which may prove to be a more important focus for traders. With this 23494 level representing the lower extremes of the current sideways range, it might be closes below here that prompt further weakness towards 23378, the August 1st low, possibly even 23013, a support level equal to the June 19th extreme. 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PEPPERSTONE:GER40
by Pepperstone