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Triangle

Eurusd !!! Ascending Wedge Pattern Signals a Major Reversal! Time': 30 min Technical analysis: Ascending Wedge Pattern 📈: A clear ascending wedge signals a potential bearish reversal. The price has just completed Wave ⑤ at the top trendline, a classic trigger point for sellers. * Elliott Wave Confirmation 🖐️: The wedge contains a perfect 5-wave Elliott structure, reinforcing our bearish bias as the final impulse wave concludes. * Live vs. Textbook 👨‍🏫: Our live chart is mirroring the ideal "textbook" example shown, increasing confidence in the setup's validity. The Trade Plan 🎯 * Entry ▶️: Short position initiated in the "Risk Zone" after rejection from the wedge resistance. * Stop Loss ⛔️: Placed tightly above the Wave ⑤ high at ~1.14821. * Take Profit 💰: Targeting the major support level at ~1.12925. Conclusion ✨ This setup presents an exceptional risk-to-reward ratio. The combination of a reliable chart pattern and Elliott Wave count gives us a high-conviction bearish outlook for EUR/USD. Disclaimer ⚠️: This is a technical idea, not financial advice. Always use proper risk management. Trade safe!
by Greenfireforex
ETH/BTC : Ready to Lead the Altcoin Season?Hey Traders! If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! Ethereum just broke out of a multi-week symmetrical triangle against Bitcoin — a classic continuation pattern! After consolidating for over a month, this breakout could signal a major shift in market dynamics. Pattern: Symmetrical Triangle Measured Move Target: +38.7% from the breakout Timeframe: 12H Current Ratio: 0.02517 BTC 🔍 Why ETH/BTC Matters for Altcoins: When ETH/BTC rises, it often marks the beginning of an altcoin rally. Here's why: ✅ ETH leads altcoins — It’s the largest alt by market cap, and capital often rotates from BTC → ETH → mid/small caps. ✅ Rising ETH/BTC = Bitcoin dominance weakening, giving altcoins room to breathe. ✅ Confidence returns to the broader alt market when ETH outperforms BTC. If this breakout sustains, we may be entering a strong altcoin season. Keep an eye on ETH strength and look for high-potential setups across the altcoin board! What are your top altcoin picks for this potential rally? Drop them below 👇
by CoreCrypto1
MarketBreakdown | EURUSD, AUDUSD, USDCHF, EURCAD Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 Though the pair remains quite weak for the last few days, I strongly believe that bulls have unrealized potential. The pair may continue rising and reach the underlined yellow resistance soon. 2️⃣ #AUDUSD daily time frame 🇦🇺🇺🇸 The price is testing a significant horizontal resistance. Its bullish breakout will provide a strong bullish signal. The pair will go way higher then. 3️⃣ #USDCHF daily time frame 🇺🇸🇨🇭 The price is stuck within a narrow consolidation range. I think that a sideways movement is going to continue and the price will drop to the support of the range soon. 4️⃣ #EURCAD daily time frame 🇪🇺🇨🇦 The price action is contracting within a symmetrical triangle pattern. Such a pattern signifies a deep indecision. A breakout of one of its boundaries will indicate the side of the next market move. 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
GOLD → Correction before a decline or continuation of the trend?FX:XAUUSD is testing the liquidity zone during the Asian session and forming a false breakout. The metal is recovering, but the fundamental background remains unstable... On Monday, gold is holding steady at around $3,300 amid a weaker dollar and caution among traders ahead of US-China talks and the release of US inflation data (CPI) on Wednesday. Strong NFP data for May strengthened the dollar and lowered expectations for a Fed rate cut. However, domestic problems in the US are putting pressure on the currency... Markets are adjusting positions ahead of CPI. Geopolitics and domestic unrest in the US are holding back gold's decline, despite possible optimism about a trade deal. Technically, the trend is bullish, with the price previously breaking the structure but rising in the Asian session after a false breakdown of the order block and the 3300 liquidity zone. Further movement depends on 3330 - 3340 Resistance levels: 33301, 3339, 3375 Support levels: 3301, 3275 The price is heading towards 3330-3340 for a retest. If the dollar continues to decline and gold manages to consolidate above 3340, the bullish trend may continue. BUT! A false breakout of the 3330-3340 zone could trigger a further decline after the bullish structure breaks down. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
11
Usdjpy|| — the next move could be explosiveUSD/JPY Timeframe: 2H Strategy: Elliott Wave + Triangle Pattern + Fair Value Gap (FvG) Formation: Contracting Triangle – Wave (a) to (e) Risk-Reward: High Conviction Setup Status: On the verge of breakout 🔍 Technical Breakdown: The chart shows a classic contracting triangle pattern with completed internal waves (a)-(b)-(c)-(d)-(e). Price is reacting near wave (e), signaling a potential bullish breakout. A clean Fair Value Gap (FvG) zone lies just below current price — possible last dip before the breakout surge. Target zone = 148.874, derived from the triangle's height projected from breakout point. Strong confluence with liquidity hunt below before expansion move. 🎯 Target: 148.874 🛑 Stop Loss: Below 142.738 (SI Level / structural low) 🟢 Entry Trigger: Breakout above trendline + retest confirmation or Smart Money entry at FvG This setup aligns with Elliott Wave triangle theory, often seen before sharp impulse waves. Smart Money is likely filling orders in the FvG zone before the upward expansion.
Long
by Greenfireforex
7
"GBP/USD is cooking inside a trianglePair: GBP/USD Timeframe: 4H Strategy: Elliott Wave + Triangle Pattern + Breakout Formation: Contracting Triangle – Wave 1 to 5 Risk-Reward: High Probability Setup Status: Pre-breakout phase 🔍 Technical Breakdown: A clean contracting triangle is forming, completing all 5 internal waves within the structure. Wave 5 looks exhausted and price is rejecting trendline resistance. Expecting a bearish breakout from the triangle. Target zone = 1.34759, aligning with previous liquidity + measured move. Entry area refined with supply zone + minor structure break (as seen in inset schematic). 🎯 Target: 1.34759 🛑 Stop Loss: Above triangle resistance 🟢 Entry Trigger: After breakout + retest or SMC confirmation This setup matches Elliott Wave’s triangle structure behavior – typically occurring before the final push in a larger correction or continuation.
Short
by Greenfireforex
1
9722 - 11 months ASCENDING TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
TSE:9722Long
by TheArtOfCharting
GBPJPY eyes breakout with 450 pip potentialGBPJPY is testing key resistance at 196.43 in an ascending triangle. A breakout could trigger a 450+ pip move. EURJPY and Dow Jones show similar setups, adding confluence. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
GOLD LONG🔥 XAUUSD TRADING PLAN – 4H/15M Confluence-Based Setup (as of June 9, 2025) 🧠 Bias: STRONGLY BULLISH (while above $3,290) 🔍 TRADE OVERVIEW Item Detail Pair XAUUSD (Gold) Timeframes 4H (macro bias), 15M (entry precision) Entry Style Scale-in with confirmation from lower TF Risk Type Aggressive with tight SL Target $3,500 (ATH) Stop Loss Initial SL: $3,288 (tight), invalidation SL: $3,280 RR Ratio 1:4+ minimum ✅ ENTRY ZONES (with reasons and confluences): 🔹 Zone 1: $3,294 – $3,308 (LIVE price area) 🔁 Type: Immediate entry on confirmation (15M bullish structure) 📌 Reasons: ✅ 4H Key Support from previous horizontal base. ✅ 38.2% Fibonacci Retracement of major bullish leg. ✅ Demand Zone tapped twice on 4H and 15M. ✅ Bullish Rejection Candles forming in both TFs. ✅ Break and Retest of descending wedge/channel on 15M. ✅ Touch of ascending trendline on 4H — trend still active. 🎯 Entry: Execute small size position now around $3,298–$3,306 📍 SL: $3,288 (below trendline wick trap + structure) 📍 TP1: $3,336 📍 TP2: $3,375 📍 TP3: $3,420 📍 TP4: $3,500 🔹 Zone 2: $3,266 – $3,280 (Deeper pullback entry) 🔁 Type: Scale-in/add-on (limit order) 📌 Reasons: ✅ 50%–61.8% Fibonacci Zone (mean reversion level). ✅ 4H Trendline Deviation Trap Zone (fake-out potential). ✅ Liquidity Sweep Zone below current support = classic entry trap. ✅ Reversal candlesticks expected on 15M here if tested. 🎯 Entry: Set limit orders at $3,274 ±3 📍 SL: $3,258 📍 TP: Same levels — ride toward ATH with scaling logic 🧱 TRADE MANAGEMENT – SCALING STRATEGY Position Entry Zone SL Risk % TP1 TP2 TP3 TP4 Entry #1 $3,298–$3,306 $3,288 0.5% $3,336 $3,375 $3,420 $3,500 Entry #2 $3,266–$3,274 $3,258 0.75% $3,336 $3,375 $3,420 $3,500 Entry #3 (Optional Pullback Buy) $3,230 $3,218 0.5% $3,294 $3,336 $3,420 $3,500 💡 Total Risk: ~1.75% with staggered entries 📈 Scaling Out: Partial profit on each target, trailing SL above structure post TP2 🔁 LIVE MONITORING SIGNALS If you see this... Then do this... Bullish engulfing on 15M in Zone 1 Enter with tight SL Breakout above $3,320 Move SL to BE Retest of $3,294 with strong rejection Re-enter/add-on Clean break down below $3,280 Close position; wait for $3,230 📉 INVALIDATION CONDITIONS Clean 4H close below $3,280 AND break of trendline support Break of 61.8% zone ($3,266) without reversal pattern Sudden fundamental shock (e.g. CPI/NFP ruining trend) 🏁 FINAL TARGET PATH ✅ $3,336 – intraday resistance ✅ $3,375 – minor swing high 🔜 $3,420 – clean breakout zone 🏁 $3,500 ATH – Final TP target, psychological + technical milestone
OANDA:XAUUSDLong
by ForexKid101
BTC: Decision Time Ahead! A Quick Update!!Hey Traders! If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! Bitcoin is once again testing the descending trendline resistance on the 4H chart. We're currently at a make-or-break level: A clear breakout above the trendline could trigger a bullish move toward $110K+ A rejection here might push BTC back to the $100K–$98K support zone 📍The green zone remains key — last time, it held as strong support. But without a breakout above $106.5K, bulls are on the defensive. Watch price action closely here — the next big move could start from this very point. What’s your take? Bullish breakout or another dump loading?
Long
by CoreCrypto1
Gold will make impulse up from support line of triangle to 3430Hello traders, I want share with you my opinion about Gold. Some days ago, price entered to triangle, where it made an upward impulse at once to the resistance line, breaking the resistance level. But then price turned around and in a short time declined back, breaking the resistance level one more time. Next, Gold continued to fall and reached the support line of the triangle. After this, it made an impulse up again and exited from the triangle pattern with broke the 3280 level. Price rose to the resistance level and then started to trade inside another triangle pattern. In this pattern, Gold dropped from the 3430 resistance level, which coincided with the resistance line, and dropped to the support line, breaking the 3280 level. After this movement, Gold turned around and started to grow, and later reached the 3280 level and broke it again. Then the price continued to grow and reached the resistance line of the triangle pattern, where at the moment continues to trades near. In my opinion, Gold can rebound from the support line of the triangle and rise to the resistance level, exiting from triangle pattern. For this case, my TP is 3430 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
SHREE DIGVIJAY CEMENET AT LONG TERM SUPPORT ZONEThis is the Weekly chart of SHREDIGCEM. SHREDIGCEM is trading near it's long term support zone at 60-70 range. stock has been moving within a long-term parallel channel, with a well-established support zone in the range of ₹65–₹70. Currently, the stock is forming a broadening pattern near its support zone, with the pattern support range between ₹70–₹75. If this level is sustain then,we may see higher prices in SHREDIGCEM.
NSE:SHREDIGCEMLong
by FiveCircles
Euro will correct a little and then continue to move up nextHello traders, I want share with you my opinion about Euro. Observing this chart, we can see how the price entered to upward channel, where it at once dropped from the resistance line to the support line and then started to grow. In a short time price rose to the 1.1210 level, broke it, and even rose a little more, but soon turned around and declined to the support line of the channel. Then the Euro made an upward impulse, and then broke the 1.1210 level one more time and continued to grow inside the channel. Later price reached the resistance line of the channel and then corrected, after which, in a short time rose to the support area, breaking the 1.1400 level. But soon the price turned around and dropped to the 1.1210 level, thereby exiting from channel. Next, Euro continued to grow inside the wedge, where it rose to the current support level and soon broke it. After this, the price rose to the resistance line of the wedge and then corrected, after which it made an upward impulse. Price exited from the wedge, and now I think that the Euro can make a correction, after the rise, and then continue to grow next. That's why I set my TP at 1.1560 points. 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.
Long
by LegionQ8
7
DONEAR AT SUPPORT ZONE.This is the Weekly chart of DONEAR. Donear is currently trading near its support zone in the ₹95–₹100 range. The stock is trading within a larger pattern structure (broadening pattern) and is currently moving inside a smaller formation—an ascending channel (in DAILY timeframe) support at 103-105 range. if this level is sustain ,then we may see higher price on ascending channel resistance at 130-135 range and long term resistance of the broadening pattern ......... Thank you !!!!
NSE:DONEARLong
by FiveCircles
Could AAPL Breakout Soon...Symmetrical Triangle Setup...Pre-WWDCAAPL is forming a symmetrical triangle on the 4H chart, setting up for a potential breakout. This neutral pattern, with converging trendlines, signals consolidation before a big move. The upper trendline (resistance) is near $207, and the lower trendline (support) is around $200, with the current price at $205. RSI is neutral at 50, and volume is decreasing—classic signs of an imminent breakout. Fundamental Catalyst: WWDC next week could be a game-changer, with potential AI updates (think “Apple Intelligence” enhancements). Positive news could fuel a bullish breakout, while a “sell the news” reaction might trigger a downside move.
NASDAQ:AAPLLong
by Gutta_CEO_
GOLD → Intra-range strategy. Waiting for NFPFX:XAUUSD remains consolidated in the 3340-3391 range. The price is stuck in the middle of the range due to the uncertainty created by upcoming unemployment news... On Friday, gold rose slightly, remaining within the range ahead of important US employment data (NFP), which could set the direction for the market. Optimism over the US-China deal and profit-taking on the dollar are supporting the USD, holding back gold's rise. A weak NFP (less than 100,000) will reinforce expectations of a Fed rate cut and support gold. A strong report (above 200,000) will have the opposite effect. The probability of a rate cut in September is 54%. Technically, on the daily timeframe, the market structure is bullish. After a sharp breakout of resistance and a new high, the price is consolidating above the upward trend line, forming a plateau in the 3300-3340 zone. Another shakeout from support is possible before the trend resumes Resistance levels: 3375, 3391, 3414 Support levels: 3339, 3331 Forming a price forecast ahead of news, especially ahead of NFP, is a thankless task. Therefore, it is advisable to wait for the news and monitor the price reaction. A retest of the consolidation boundary and a rebound are possible. There is a chance that the price will remain in consolidation until next week, but again, it all depends on the fundamental background... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
9