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Triangle

EURUSD → The correction is over. Bullish trend...FX:EURUSD is consolidating above key support from D1. The trend is bullish, and against the backdrop of a weaker dollar, the currency pair is returning to its main movement. The currency pair is forming a local uptrend, with a fairly clear upward support line that intersects with an important support level. The price has emerged from correction and returned to the trend amid a decline in the dollar, which is mainly bearish. Given the situation with EUR/USD, I would focus on the support zone of 1.1631 - 1.1613, 1.1597. A fairly large pool of liquidity has formed in this zone. A false breakdown and the price holding in the buy zone could trigger a bullish run... Resistance levels: 1.1676, 1.171, 1.175 Support levels: 1.163, 1.161, 1.160 If the bulls keep the price in the buying zone, i.e. above the key support zone mentioned above, then in the medium term, the currency pair may continue to rise with the possibility of updating local highs... Best regards, R. Linda!
Long
by RLinda
13
EUR/USD Breaking Point! ALERT Price action is coiling up in a tight triangle and a breakout is imminent! See how the ABCDE pattern on the chart is setting up for a potential explosive move. Will EUR/USD surge higher or drop to key support? I've mapped out BOTH scenarios with clear technical targets—don’t miss your chance to catch the next big wave! 💡 Tap "Boost" if you found this analysis helpful. 📈 Follow my page for daily actionable trading setups! 👇 Drop your predictions in the comments below—are you bullish or bearish on EUR/USD this week? Let’s win together!
by Greenfireforex
SoFi: Ascending TriangleSoFi Technologies rallied sharply in June and early July. Now, after a pause, some traders may see further upside. The first item on today’s chart is the July 17 close of $22.09. The financial stock has remained mostly trapped below that level while making higher lows. The resulting ascending triangle is a potentially bullish continuation pattern. Second, Bollinger Band Width has narrowed to its lowest reading since June 2024. Such tight consolidation may reflect a lack of selling pressure. Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may reflect bullishness in the short term. Next, prices are consolidating below previous record highs from 2021. (The peaks then ranged from $24.65 to $28.26.) Could the stock challenge its old highs? Finally, SOFI is an active underlier in the options market. Its average volume of 411,000 contracts would rank 11th in the S&P 500 (if it were a member), according to TradeStation data. That could help traders take positions with calls and puts. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:SOFI
by TradeStation
Tight Squeeze in TeslaTesla rallied sharply in late 2024, followed by a drop in the first quarter. Now, after a long period of consolidation, some traders may think the EV maker is getting ready to move again. The first pattern on today’s chart is the series of higher lows and lower highs since May. That converging triangle may give TSLA breakout potential. Second, Bollinger Bandwidth has squeezed to a 13-month low. Will that price compression give way to expansion? Third, the rising 200-day simple moving average may suggest a longer-term uptrend remains in effect. Next, prices are trying to push above the 21-day exponential moving average. That may be consistent with increasing bullishness in the short term. Finally, TSLA is a highly active underlier in the options market. (Its average daily volume of 2.3 million contracts ranks behind only Nvidia in the S&P 500, according to TradeStation data.) That may help traders take positions with calls and puts. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:TSLA
by TradeStation
GOLD → Correction before a breakout and rallyFX:XAUUSD is gradually making its way upward, but it faces a fairly difficult resistance zone. Most likely, a long squeeze may form before further growth. Gold is rising amid uncertainty: Expectations of key US labor market data (unemployment claims, labor costs), the possibility of a Fed rate cut in September after weak employment and services data, new trade threats (possible 15% tariffs on Japanese imports and restrictions on Russian oil supplies to China) Key risks: Trump's decision on Fed appointments (replacement of Kugler and Powell) and further escalation of trade conflicts could increase volatility. For now, dovish expectations and demand for safe-haven assets are supporting gold. Technically, the focus is on the local range of 3390-3335 (3350). A false break of support could trigger growth... Resistance levels: 3390, 3405, 3433 Support levels: 3365, 3358, 3350 The fall of the dollar is supporting the already bullish gold... However, before continuing its growth, the price is forming a correction, and a false breakout of support and liquidity capture could have a positive effect on the market for further upward movement... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
21
BITCOIN → Retest of resistance in the bearish trading rangeBINANCE:BTCUSDT.P is consolidating in the range of 115,600 - 113,500. The price is testing resistance, relative to which a huge pool of liquidity has formed, which bears are likely to defend quite aggressively... Idea from July 22: expectation of a decline from 120K to 112K. Target achieved Bitcoin is correcting on D1, the price previously broke through the support level of 115650 and formed another trading range, with the previously broken lower boundary of the consolidation acting as resistance. The market has not yet tested the zones of interest at 110K and 105K, and therefore the possibility of a further decline remains relevant. A liquidity pool has formed relative to the resistance of the trading range at 115678. There is a high probability of a short squeeze before the decline. Resistance levels: 115678, 116370 Support levels: 113530, 112660, 110K In the short term, I expect a retest of resistance and a capture of liquidity. If the market is unable to continue its upward momentum and returns the price below the level, a false breakout will form, which may trigger a decline to the indicated areas of interest. Best regards, R. Linda!
Short
by RLinda
13
USDCAD → Short squeeze for further declineFX:USDCAD is forming another short squeeze relative to the global price range ahead of a possible decline within the global downtrend. After breaking through the resistance of the global trading range, USDCAD was unable to continue its upward momentum. The price returned to the range, under strong resistance, and is forming a pre-breakdown base for a possible decline. The trigger in our case is support at 1.3762. The dollar is stagnating, trading below strong resistance. A decline in the dollar could trigger a fall in USDCAD Support levels: 1.376, 1.3695, 1.3629 Resistance levels: 1.3774, 1.3809 The market structure is quite weak, both globally and locally. In addition, against the backdrop of an expected rate cut, the dollar may continue its downward global trend, which may also affect the price of the currency pair, which has formed a false breakout of resistance... Best regards, R. Linda!
Short
by RLinda
8
XRPUSD formed the Triangle pattern. The price may increase.XRPUSD formed the Triangle pattern. The price may increase. XRPUSD has been declining since July 23, reaching the lowest mark at 2.72000 on August 3. Since then the price started to form the triangle pattern. It is not a reversal chart pattern, however, RSI indicator started to show some strength of the bullish momentum. In this case, if the price breaks through the SMA200 on hourly chart and holds above it and the level of 3.00000, the following rise towards 3.20000 is expected.
CAPITALCOM:XRPUSDLong
by ProfessorSingapore
1
Solana looking bullish for a long trade.Solana has been trading in an ascending triangle since the top of the 2021 bull market. Ascending triangle is a bullish pattern. If Solana can close a few weekly candle and hold support at $250, it would be really bullish for Solana possibly head towards the $500-700 range. Watch the stochastic RSI on the monthly closely, once it closes above the 20 level it will be bullish as momentum picks up, the last time it did this was in Jan 2023 than solan went from $8 to $295. Happy Trading
CRYPTO:SOLUSDLong
by filllintheblank
1
MAGIC / USDT – Symmetrical Triangle Breakout | Pullback OpportunMAGIC has recently broken out of a symmetrical triangle pattern that had been forming for several months. The breakout occurred with strong bullish volume and was accompanied by an RSI breakout above its MA, suggesting solid momentum behind the move. 📏 Technical Notes: A descending dynamic resistance has been finally broken. The price has clearly exited the symmetrical triangle, which often leads to explosive moves. According to the height of the triangle’s base (~0.22), a technical target of around 0.45–0.47 can be projected. 📉 Possible Pullback: A retest of the breakout zone around 0.20–0.21 is likely before continuation. This area also aligns with the upper triangle boundary, now turned into support. --- 🎯 Bullish Targets (Based on Triangle Breakout): TP1: 0.30 TP2: 0.42 TP3: 0.47 (Full triangle target) --- 🛑 Stop Loss Suggestion: Below 0.19, if the breakout fails and the price falls back into the triangle. --- 📊 Indicators: RSI above 70 with bullish crossover. Volume spike during breakout confirms institutional or whale interest.
Long
by h199991011
Accurate Price Model for Trading Smart Money Concepts SMC (= If you trade Smart Money Concepts SMC, there is one single pattern that you should learn to identify. In this article, you will learn an accurate price model that you can use to predict a strong bullish or bearish movement way before it happens. Read carefully and discover how to track the silent actions of smart money on any market. The only thing that you need to learn to easily find this pattern is basic Structure Mapping . After you map significant highs and lows, you will quickly recognize it. This SMC pattern has 2 models: bullish and bearish ones. Let's start with a bearish setup first. Examine a structure of this pattern it should be based on 2 important elements. The price should set a sequence of equal lows. These equal lows will compose a demand zone. The area where a buying interest will concentrate. The minimum number of equal lows and lowers highs should be 2 to make a model valid. Exhausting of bullish moves will signify a loss of confidence in a demand zone . Less and less market participants will open buy positions from that. At some moment, a demand zone will stop holding. Its bearish breakout will provide a strong bearish signal , and a bearish continuation will most likely follow. This price model will signify a market manipulation by Smart Money. They will not intentionally let the price fall, not letting it break a demand zone. A buying interest that will arise consequently will be used as a source of liquidity. Smart money will grab liquidity of the buyers, silently accumulating huge volumes of selling orders. Once they get enough of that, a bearish rally will start, with a demand zone breakout as a trigger. Though, the chart model that I shared above has a strong bullish impulse, preceding its formation, remember that it is not mandatory. The price may also form a bearish impulse first and for a pattern then. Each bullish movement that initiates after a formation of an equal low should be weaker than a previous one. So that the price should set a lower high every time after a formation of an equal low. Look at a price action on USDCHF forex pair. Way before the price dropped, you could easily identify a market manipulation of Smart Money and selling orders accumulation. A breakout of a horizontal demand zone was a final bearish confirmation signal. Let's study its bullish model. It has a similar structure. The price should set a sequence of equal highs, respecting a horizontal supply zone. Each bearish move that follows after its test should have a shorter length, forming a higher low with its completion. This model will be also valid if it forms after a completion of a bearish impulse. Weakening bearish movements will signify a loss of confidence in a supply zone, with fewer and fewer market participants selling that. Its bullish breakout will be an important even that will confirm a highly probable strong bullish continuation. Smart Money will use this price model to manipulate the market and accumulate buying orders, not letting the price go through a supply zone. They will grab a liquidity of the sellers each time a bearish move follows from a supply zone. When they finally get enough of a liquidity, a bullish rally will initiate and a supply zone will be broken , providing a strong confirmation signal. That price model was spotted on GBPJPY forex pair. Smart Money were manipulating the market, not letting it continue rallying by creating a significant horizontal supply zone. Selling orders that were executed after its tests provided a liquidity for them. A bullish breakout of the underlined zone provides a strong bullish confirmation signal. A breakout and a future rise could be easily predicted once this price model appeared. Why they do it? But why do Smart Money manipulate the markets that way? The answer is simple: in comparison to retail traders, they trade with huge trading orders . To hide their presence and to not impact market prices much, they split their positions into a set of tiny orders that they execute, grabbing the liquidity. The price model that we discussed today is the example how they do it. The important thing to note about this pattern is that it efficiently works on any market and any time frame. You can use that for scalping, day trading, swing trading. And it can help you find great investing opportunities. ❤️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:XAUUSDEducation
by VasilyTrader
5
MarketBreakdown | EURCHF, WTI CRUDE OIL, GBPNZD, DXY Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURCHF daily time frame 🇪🇺🇨🇭 The market is testing a strong supply area based on a solid falling trend line and a horizontal resistance. Probabilities will be high that the price will retrace from that. 2️⃣ CRUDE OIL #WTI daily time frame 🛢️ The price is very close to a significant demand zone based on a horizontal support cluster and a rising trend line. I will expect a bullish reaction to that. 3️⃣ #GBPJPY daily time frame 🇬🇧🇳🇿 The market is trading within a contracting triangle. The price nicely respected its support line and goes up steadily. I think that bullish momentum will remain strong and the market will go up to the resistance line of a triangle. 4️⃣ DOLLAR INDEX #DXY daily time frame 💵 The market is consolidating on a key daily support cluster. Probabilities will be high that the price will bounce from that. Today's fundamental news can be a trigger. 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.
Long
by VasilyTrader
1