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Triangle

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
15
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
23
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. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:GER40
by Pepperstone
XLMUSDT → Consolidation before rally to 0.4700BINANCE:XLMUSDT is recovering after a fairly aggressive decline, the purpose of which was to consolidate potential and retest trend support. The chart shows signs of a bullish movement... The growth of BTC and ETH and the decline in Bitcoin's dominance index give altcoins a chance. The market is generally bullish, and in the second half of this week, we encountered a correction that has most likely come to an end. XLM has a fairly strong support line, above which the bulls are aggressively holding the price. XLM is rebounding from the upward support line. The price returned to the trading range of 0.4274 - 0.4685, but encountered strong resistance at 0.4331, a break of which will confirm the bullish market structure. An ascending triangle is forming with a trigger at 0.4331. Support levels: 0.4273, 0.4194, 0.4114 Resistance levels: 0.4331, 0.4596, 0.4685 Within the local “ascending triangle” structure, the price may continue to consolidate. A retest of local support zones is possible. However, a smooth compression of the price towards resistance may lead to a breakout, which in turn, due to consolidation, may provoke a strong upward momentum. Best regards, R. Linda!
Long
by RLinda
6
Wajani Investments; USDCHF Analysis for the days ahead.Monthly, weekly and daily has formed a bullish wedge. In addition, the market on the daily has created a HH from support. To add, the new HH has formed a triangle with price hoping to break out on the weaker side. All these point to a bullish move. Adjust entry and stop loss as market proceeds. Let me know your thoughts. If this means something to you, please like, share and follow for more. FOR EDUCATIONAL PURPOSE ONLY. HaPPY tRADING.
Long
by racyrace
Gold can make correction and then rebound up of support lineHello traders, I want share with you my opinion about Gold. The Gold market has transitioned from a clear directional trend into a phase of price discovery and consolidation, following a significant breakdown of a prior ascending mirror line. This shift in market dynamics has led to the formation of a large symmetrical triangle, a pattern that signifies a period of equilibrium and contracting volatility as the price coils between a descending resistance line and an ascending support line. The boundaries of this pattern are well-established, with the buyer zone around the 3315 support level providing a floor and the seller zone near 3400 acting as a ceiling. Currently, the price is navigating the lower half of this triangle, having recently rebounded from the support line. The primary working hypothesis is a long scenario, based on the expectation of another successful test of the ascending support line. A confirmed and strong rebound up from this dynamic support would validate the integrity of the triangle and suggest that another full rotation to the upside is likely. Therefore, the tp for this rotational move is logically placed at the 3390 level. This target aligns perfectly with the triangle's upper resistance line and sits just below the major seller zone, representing the most probable destination for a bullish swing originating from the pattern's support. 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
14
Brent Crude Squeeze – Daily Symmetrical Triangle Nears BreakoutBrent Crude has been consolidating within a symmetrical triangle on the daily chart since mid-May, following a strong bullish recovery from $58 lows. Price is now approaching the apex of the structure, suggesting a breakout is imminent. We’re still holding above the higher low trendline support, but resistance at $71.00 remains unbroken. A decisive daily candle close outside this triangle will likely set the tone for the next leg. A bullish breakout above $71.15 could expose $75.00 and eventually $82.00 highs. But if bears take control and break below $67.00 support, $64.00 and $58.00 reopen. 📈 Bias: Neutral short term — Waiting for breakout confirmation. Bullish if price breaks and retests above $71.15. Bearish if we lose $67.00 and structure fails.
ICMARKETS:XBRUSD
by AutoMarkets
Euro may reach seller zone and then start to decline to 1.1600Hello traders, I want share with you my opinion about Euro. The historical price action for the Euro began with a period of contracting volatility, where the market consolidated within a triangle formation. A decisive breakout from this triangle unleashed a strong upward impulse, which marked a shift into the current market environment characterised by expanding volatility. This new phase is captured by a large broadening wedge, which has since been defining the trading range between the major buyer zone around 1.1450 and a significant seller zone near the 1.1740 resistance. After a powerful impulse down from the top of this wedge was absorbed by the buyer zone, the asset has entered a corrective rally back towards the upper boundary. Currently, the price is approaching this critical confluence of resistance. The primary working hypothesis is a short scenario, predicated on the expectation that the seller zone will once again cap the rally. A confirmed rejection from this area would validate the integrity of the broadening pattern and suggest that another major downward rotation is imminent. Therefore, the TP for this anticipated decline is logically placed at the 1.1600 points, representing a key area of prior price interaction and a prudent first objective. 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.
Short
by LegionQ8
9
GOLD → Gold is consolidating. What will C.Retail Sales show?FX:XAUUSD is consolidating due to uncertainty caused by economic data from the US, interest rate decisions, and negotiations between the presidents of Russia and the US. Gold has not had an easy time lately, with the price in a rather difficult zone both technically and fundamentally. Low-potential, restrained movements occurring within the consolidation are waiting for a strong driver to appear. Potentially, this could happen today, as we have retail sales data ahead of us, as well as a fairly important event - a meeting and negotiations between the presidents of Russia and the US. Technically, the focus is on the boundaries of the current consolidation: 3331 - 3349 - 3366. Thursday's weak close (close to the trigger) hints at a possible attempt to break through 3331 with the aim of falling to 3300. However, a sharp approach and seizure of liquidity from 3331 could provoke a rebound to local resistance (3350 - 3366). Support levels: 3331, 3300. Resistance levels: 3350, 3366. Markets are waiting for hints on interest rates. Weaker data on Core Retail Sales and Retail Sales could bring us closer to a reduction in interest rates, against which backdrop gold could strengthen. And vice versa, respectively... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13
GBPUSD → Breakout of resistance after consolidationFX:GBPUSD is rebounding from strong daily resistance with the aim of consolidating its pre-breakout potential. The fundamental background for the pound is positive... GBPUSD has a strong market structure. A false breakout of resistance at 1.3589 is forming. The level could not be broken on the first attempt, MM may form a correction or consolidation for a retest of resistance with the aim of a breakout and further growth. Focus on the liquidity zone at 1.35, 1.3488. The dollar is in a downward movement within the global bearish trend. Despite conflicting news, the index continues to decline, giving the pound a chance... Resistance levels: 1.3589 Support levels: 1.3521, 1.3488 The market needs consolidation in order to break through this barrier. Against the backdrop of a bullish trend, which is already supporting the market, we can expect a rebound from support with the aim of continuing growth. Best regards, R. Linda!
Long
by RLinda
3
$FET Elliot Wave Updated, Triangle forming?NYSE:FET appears to be printing a triangle in a larger degree wave B of an ABC counter-bear trend correction. Wave (D) is expected to finish at the descending resistance, poking above the daily 200EMA, while wave (e) is often shallow so expected to end at the daily pivot point. The target is $1.6 at he triangle pattern depth and major High Volume Node resistance. An ABC corrective wave does not mean that the macro count is invalidated and may form part of larger ending diagonal series of ABCs to achieve my high degree wave 5 targets above all time high. I will update the weekly chart to reflect this shortly. Safe trading
COINBASE:FETUSD
by Maddox_Metrics
HYPEUSDT → Correction for consolidation before ATH breakoutBINANCE:HYPEUSDT.P looks quite strong and is just a few cents away from reaching its ATH. The coin needs to build up its potential to reach its target and break through a strong resistance level... The cryptocurrency market feels quite confident. Bitcoin's growth is having a positive effect on altcoins. HYPE almost tested its ATH as part of an upward movement, but encountered pressure. The price did not reach its target (ATH) and entered a correction phase. Most likely, this is an MM maneuver to collect liquidity... As part of the correction, the market may test the consolidation located below. Focus on the support area 0.5F - 45.85 Resistance levels: 49.88 Support levels: 45.85, 44.27 The most likely scenario is a retest of the support and interest zone. A false breakdown and the bulls holding the price above the level, i.e. in the zone of interest, could attract active buying, which in turn could trigger a continuation of the growth within the global bullish trend. Best regards, R. Linda!
Long
by RLinda
6
ETHUSDT → A new range has been opened. Onward to ATH!BINANCE:ETHUSDT is breaking through strong resistance formed in the 4090-4100 area on D1-W1. Consolidation is forming after strong growth, which can be seen as a positive sign. Bitcoin has been looking quite weak recently against ETH, which continues to rally despite Monday's red market. ETH managed to break through the fairly strong resistance level of 4095, and after a strong 25% rally, the price moved into consolidation (trading range 4325-4160, with resistance at 4325 as the trigger). Technically, we see that the market has stopped updating local lows, and a fourth retest of resistance is forming with reduced volatility, which in general could lead to a breakout attempt. Consolidation of the price above the consolidation resistance could trigger further growth. A channel to the ATH is open... Resistance levels: 4325, 4450, 4800 Support levels: 4220, 4162, 4095 ETH is quite strong and the market may not allow the price to fall too low, as there is a lot of excitement. However, I do not rule out the possibility that weak Bitcoin will affect ETH, which in turn will test the liquidity zone (4162 - 4095) from below before rising to ATH. Best regards, R. Linda!
Long
by RLinda
15
EURCAD → Consolidation above the mirror level...FX:EURCAD continues its global bullish trend. Locally, within the upward movement, we see a pause, but the nature of this pause is not aimed at a reversal, but at consolidation before growth. EURCAD, within the upward trend, is pausing before local resistance at 1.6052. A pre-breakout base is forming with fairly active and dynamic buyers. A breakout and consolidation of prices above resistance will trigger further growth. Focus on consolidation at 1.6052 - 1.5977. The market is not updating local lows, volatility is decreasing (consolidation pattern) and the assault on resistance continues. Strong prerequisites for the movement to continue Support levels: 1.6011, 1.5977 Resistance levels: 1.6052, 1.6118 A smooth approach to resistance, a breakout and consolidation above the key level (trigger) could trigger further growth within the global and local bullish trend. Best regards, R. Linda!
Long
by RLinda
8