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Triangle

AUD/NZD: Bulls stalk breakout above 1.0980Sitting in an ascending triangle and having just printed a bullish engulfing candle on the daily chart, upside may be beckoning for AUD/NZD. We’ve seen multiple failed attempts to overcome resistance at 1.0980, so a close above the level—or at least a meaningful break above the August 16 high—would be preferable before considering a bullish setup. If that occurred, longs could be established above 1.0980 with a stop beneath for protection. 1.1000 provides an early psychological hurdle, although the April 1 high of 1.1030, 1.1050 or 1.1100 screen as more appealing as targets unless you’re an ultra-short-term player. Momentum indicators marginally favour a bullish bias, although price action should take precedence when assessing the setup. If the price cannot overcome 1.0980, the bullish bias would be invalidated, opening the door for setups looking to play the existing range down to 1.0905 support. Good luck! DS
Long
by FOREXcom
GOLD → Consolidation ahead of potential growth. PPI ahead...FX:XAUUSD is still consolidating, with the range expanding. The price has confirmed the formation of an upward price channel, which bulls are defending quite aggressively... Gold remains in positive territory for the third day in a row and is consolidating above $3,350 in Asian trading, awaiting PPI data and jobless claims in the US. Moderate CPI and weak labor market statistics have reinforced expectations of a Fed rate cut in September, with some experts forecasting -50 bps. The dollar remains at a two-week low amid dovish comments and rumors of a possible change in the Fed chair, which supports demand for gold. Weak PPI data could accelerate the rise in metal prices, although market attention is gradually shifting to the meeting between Trump and Putin on Ukraine. Technically, the focus is on the 3366-3340 range. A small correction may form from resistance before breaking the 3366 level and continuing to rise within the trend... Resistance levels: 3366, 3381, 3400 Support levels: 3341, 3334 Before rising, the market may test the trend support or form a false breakdown. But there is a possibility that the price will immediately start storming 3366 for further growth. But, again, further developments depend on economic data, which will most likely be controlled by Trump after the NFP mistake... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
11
GBP/NZD Breakout & Retest, Potential Bullish RallyThe GBP/NZD chart on the 4-hour timeframe shows a symmetrical triangle pattern that has formed since late April 2025, with a descending upper trendline and an ascending lower trendline. During this period, price has continued to move within an increasingly narrow range, creating price compression that is characteristic of a symmetrical triangle pattern. The pattern’s upper resistance line has been tested multiple times (red arrows), while the lower support line has consistently maintained higher lows (green arrows). Recently, price successfully broke above the pattern’s upper resistance line with a clear breakout, followed by a retest phase that held above the pattern line. This scenario indicates a role reversal, where the former resistance now acts as new support. A long green Heikin Ashi candle after the retest provides an additional signal that buying momentum is currently dominant. Trade Plan: Entry is taken after confirmation of breakout & retest, with the take profit (TP) set at 2.3200 as a key resistance area and the nearest historical high target. The stop loss (SL) is placed at 2.2600, just below the retest area, to anticipate the possibility of a false breakout. Trading Plan Details: Direction: Long (Buy) Timeframe: 4H Reason: Symmetrical Triangle Breakout + Retest Entry: After retest & bullish candle confirmation TP: 2.3200 SL: 2.2600 Additional Confirmations: Green Heikin Ashi candle without a lower shadow as a sign of strong momentum Increased buying pressure following a consolidation period Disclaimer: This analysis is part of a trading plan and does not constitute investment advice. Always use strict risk management and consider potential losses in every trading decision.
Long
by DNP-FX
AUDNZD Technical OutlookWhat I See! AUDNZD is showing a rising wedge formation after an extended move higher from the May swing low. Price is reacting around the 1.1000 psychological level, which overlaps with a daily Fair Value Gap (FVG) and a prior supply zone. From a structural perspective, a move toward the bullish daily FVG near 1.0850 is a possible short-term development. If this zone holds, the chart could continue to build toward the equal highs around 1.1181. Alternatively, invalidation of the 1.0850 daily FVG could open the door for a deeper decline, potentially completing the wedge pattern and drawing price toward lower demand areas. This chart is presented for educational discussion of market structure and technical patterns only. It is not a trade signal or financial advice. 💬 Got questions? You’re welcome to share your thoughts in the comments.
by Wave-Trader-Pro
Both Technical and Valuation Signals Points Incoming VolatilityThe DAX has been moving sideways since May, with this flat movement evolving into a triangle formation since June. Price action is contracting, and the index appears to be waiting for a catalyst to determine its next direction. The DAX is currently near the regression line from the November dip, which keeps both upward and downward possibilities open, consistent with the neutral signal from the triangle pattern. From a valuation perspective, the DAX’s forward P/E ratio stands at 16.95x, roughly one standard deviation above its 2009-to-date regression line, making it relatively expensive compared to its own history. The S&P 500 trades at a much higher forward P/E of 24.25x, but that figure is near its own long-term regression line. Since early June, the DAX/S&P 500 ratio has fallen by nearly 10%, significantly reducing the DAX’s relative overvaluation and potentially giving it room for another leg higher. Ultimately, the triangle formation may be the deciding factor. The current upper boundary is at 24,500, and the lower boundary is at 23,490. A break of either could bring volatility back to the DAX, with momentum likely to follow the breakout direction. An upward break could target the 24,400–24,500 zone.
PEPPERSTONE:GER40
by ftdsystem
Uno Minda Ltd (UNOMINDA) Technical & Price Action Insights Bullish MACD on OBV: The convergence of the MACD (Moving Average Convergence Divergence) on On-Balance Volume (OBV) suggests strong accumulation and increasing buying pressure — a positive technical signal for upward movement. Ascending Triangle Pattern: Uno Minda's stock chart is forming a classic ascending triangle, a continuation pattern typically indicating bullish momentum with potential for a breakout above resistance. Breakout Zone Near ₹1,140–₹1,155: Price is hovering just below its resistance level. If a breakout occurs on high volume, it could trigger a sharp upward move toward ₹1,250 and beyond. Strong Volume Confirmation: Volume has been increasing during consolidation near the triangle’s upper boundary, a sign that institutional players may be positioning ahead of a breakout. Above 50 DMA & 200 DMA: The stock is comfortably trading above both its 50-day and 200-day moving averages, confirming a bullish trend across short and long-term timeframes. Fundamental Strengths Robust Revenue & Profit Growth: Revenue CAGR (5Y): ~22% Profit CAGR (5Y): ~41% Uno Minda has consistently posted strong top and bottom-line growth, supported by increasing demand from OEMs and expansion into EV components. Solid Operating Margins & ROE: OPM stable at ~11–12% ROE: 17.5% These margins are consistent with premium auto component manufacturers and reflect operational efficiency and pricing power. Diversified Product Portfolio: Uno Minda offers 25+ auto component systems catering to ICE and EV platforms — mitigating industry-specific risks and positioning the firm for long-term secular growth. Capex-Driven Expansion: Recent AGM approvals include a ₹2,500 crore fund raise, indicating aggressive investment plans, possibly in R&D, automation, or EV capacity expansion. Institutional Support & Strong Promoter Holding: Promoter Holding: ~68.7% Increasing FII interest over recent quarters A steady promoter stake and growing institutional interest highlight market confidence in the company’s long-term outlook. Conclusion: With a bullish technical setup, strong fundamental tailwinds, and growing demand from both traditional and EV auto segments, Uno Minda looks poised for an upside breakout. A sustained close above the triangle resistance could unlock a new leg of rally — making it a stock to watch closely in the short to medium term.
NSE:UNOMINDALong
by stocktechbot
Gold what is next ?!!TVC:GOLD timeframe 1 day is forming a potential triangle pattern, which could lead to a bearish setup. The MACD and RSI indicators are positive, supporting this outlook. A close above 3400 would further confirm the idea. Targets: - T1: 3600 - T2: 3730–3800 Stop loss: 3100 Support: 3300–3260 Consider opening a long position now, with confirmation above 3400. Disclaimer: This is not investment advice, only an analysis based on chart data. Consult your account manager before making any decisions. Good luck.
VELOCITY:GOLDLong
by tfcgeorge
GOLD → Consolidation ahead of CPI data...FX:XAUUSD is consolidating ahead of news. Inflation is on the horizon, and further developments for the dollar and gold will depend on the data. Globally, gold is in a bullish trend, but locally we are seeing a correction... Gold is rebounding slightly from $3,341 ahead of US CPI data for July and against the backdrop of the extension of the US-China trade truce until November. Investors are assessing the prospects for a Fed rate cut, expecting inflation to remain within 2.8% (core inflation is 3%). Weaker-than-expected data could cause the dollar to fall and support gold, while stronger data could resume the downward trend. Technically, on D1-H4, gold is consolidating in a symmetrical triangle pattern and the price is in the support zone. There is a possibility that Trump may not make a mistake with inflation data, as he did with employment data... Support levels: 3341, 3334, 3311 Resistance levels: 3358, 3375, 3405 The 3335-3310 zone attracts MM with an open FVG, which the market may partially close, forming a liquidity trap before continuing growth. However, it is also worth watching the boundaries of the current local consolidation, as a breakout of one or the other boundary could trigger a strong impulse. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
23
Triangles, Flags, and Pennants — Guide to Continuation PatternsChart patterns can be mysterious — until they’re not. Let’s break down the technical trio that tells you when a trend’s just taking a breather before it flexes again. So your chart’s been pumping higher for weeks, and then… nothing. Price starts scribbling sideways. Cue panic? Maybe. But more likely, you’re staring at a continuation pattern. Triangles, flags, and pennants are the subtle “hold my beer before I try to pull a move” signals of technical analysis. They show up when markets pause — not reverse. That pause could mean your trend is catching its breath, not dying in a ditch. In other words: don’t close your longs just because things go quiet. Sometimes the market is just stretching before it sprints again. ⚠️ Symmetrical, Ascending, Descending Let’s talk triangles, the Swiss Army knife of consolidation. These shapes come in three stylish varieties: ● Symmetrical triangle: Higher lows, lower highs. Traders call this the indecision pattern, but don’t get it twisted — it may just be winding up for a breakout. Wanna see how these look in practice? Dive into our community’s symmetrical triangle ideas . ● Ascending triangle: Flat top, rising bottom. Buyers are aggressive, their patience is running out. Resistance looks like it’s begging to be broken. Check the ascending triangle ideas for your viewing consideration. ● Descending triangle: Flat bottom, falling top. This one’s more bearish than your boomer uncle who knows zero about Bitcoin BITSTAMP:BTCUSD , and yes — it’s often a precursor to a breakdown. Follow the descending triangle ideas and make sure you DYOR. Key tip : Wait for the breakout. Don’t front-run triangles unless you like volatility surprises and emotional damage. 🚩 Flags: Fast Moves, Tight Consolidations Flags form after a sharp price move — the “flagpole” — followed by a tight, slightly sloping channel that moves against the prevailing trend. They’re short-term patterns that act like pit stops during a race. ● In a bull flag, price rallies sharply, then consolidates lower in a downward-sloping rectangle. If price breaks above the upper boundary, the uptrend is likely to resume. Jump straight into the bullish flag ideas . ● In a bear flag, price crashes, then drifts higher or sideways, forming an upward-sloping consolidation. A breakdown below the lower support hints at a continuation lower. What goes up must go down — bearish flag ideas for thought. Flags are prized for their reliability and tight risk-to-reward setups. The breakout is typically swift, and traders often use the length of the flagpole as a projected target. 🎏 Meet the Pennant: The Flag’s Cousin Pennants are like mini-triangles that form after a strong price move, usually in high-volume conditions. Unlike regular triangles, they’re smaller and more compressed — a tight consolidation in the shape of a tiny symmetrical triangle. What makes a pennant different from a flag? The structure. While flags are rectangular, pennants are more pointed — a converging pattern rather than parallel lines. Pennants are often seen in high-momentum environments, and when price breaks out of the consolidation zone, it often does so with force. Get some pennant ideas straight from our community. 🧐 How to Actually Trade These Patterns Spotting a continuation pattern is one thing. Trading it with discipline is another. Here’s a basic checklist: ● Identify the trend. Continuation patterns only work when there’s a clear preceding move. If the chart is a sideways mess, maybe skip it. ● Draw your levels. Use trendlines or horizontal support/resistance to outline the pattern. Keep it clean — if you’re forcing a pattern, it probably isn’t there. ● Wait for the breakout. Don’t jump in too early. Let the price confirm your bias. Breakouts are more credible with a volume spike. ● Set your stop wisely. Most traders place stops just outside the opposite side of the pattern — below the lower trendline in an uptrend, or above the upper trendline in a downtrend. ● Target projection. Many use the height of the pattern or the flagpole to estimate a target price, though market conditions should influence your approach. 🤔 So, What Could Go Wrong? Glad you asked. Plenty. ● Fakeouts: Just because it looks like a breakout doesn’t mean it’s real. Wait for confirmation — volume, a close outside the pattern, or your favorite indicator giving the green light. ● Shaky patterns: Not every triangle-looking pattern is a triangle. Sometimes it’s just noise. Don’t make up patterns. The market doesn’t care about your geometry. ● Overleveraging: Continuation patterns look reliable, but no pattern is bulletproof. Position sizing still matters. Don’t bet the farm because a pennant gave you butterflies. 💡 Pro Tips from the Chart Trenches ● Set alerts on trendline breaks so you’re not glued to the screen like a caffeinated hawk. ● Use pattern recognition tools if you’re a newer trader — but verify manually. No software is a crystal ball. ● Trade continuation patterns in the direction of the trend. Countertrend flags are usually bear traps in disguise. 📌 One Last Thing: Pattern ≠ Prediction Chart patterns don’t tell the future. They tell a story about buyer and seller behavior. Continuation patterns? They’re just the market saying, “Yeah, we’re still into this trend. Just grabbing some break first.” Use them as one part of a system. Combine them with momentum indicators, volume, or good ol’ fashioned risk management. Because in the end, it’s not about how many triangles you find — it’s about how many fakeouts you avoid. Off to you : Spotted any textbook triangles or sneaky flags this week? Or caught a pennant fakeout that wrecked your stop loss? Drop your best (or worst) continuation pattern story below. You never know who might learn something from your chart scars.
Education
by TradingView
20
$RENDER bearish triangle or motif wave?I have 2 local Elliot Wave counts for CRYPTOCAP:RENDER the bearish triangle yet to complete wave D which would result in a final thrust down before a new macro uptrend and a (1) (2) with wave (3) started. The overlapping and slow price action does not suggest RENDER is in a wave as it is not moving impulsively. Many alts have failed to move from the bottom while others have shined like ETH and XRP etc.. Either this is the new normal behaviour for 'alt season' or we are not actually in alt-season yet with a big move lower around the corner! Safe trading
by Maddox_Metrics
GOLD → Retest of support within an uptrendFX:XAUUSD is forming a liquidation phase as part of the previously mentioned bullish wedge pattern. Bulls were unable to break through the 3400 mark, and due to uncertainty, the price has entered a correction phase... On Monday, gold fell to $3350, echoing the bearish sentiment in Asian trading, as $3400 remains an unattainable level. The pressure is intensified by weak data from China (PPI −3.6%), profit-taking and expectations for the US inflation report, as well as uncertainty in US-China trade negotiations and microchip policy. Optimism is being held back by expectations of Fed policy easing after negative statistics and forecasts of rate cuts, as well as possible meetings between US and Russian leaders. All this reduces demand for gold as a safe haven asset. The focus is on the local trading range of 3400-3350. Before a possible rise, the market may test a strong support zone... Resistance levels: 3376, 3405 Support levels: 3358, 3350, 3345 At the moment, we are seeing a retest of 3358 and a false breakdown, with a fairly weak reaction to the zone. In the short term, gold may test 3350-3345. A false breakdown and the bulls holding the price above this zone could bring the price back up... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
21
#LDO breakout alerA nice right-angle pattern developed on Lido. It had a double bottom reversal and broke the previous swing high. Despite RSI going to the daily overbought has more room to continue to previous resistance. It broke above the 200SMA with a high-volume showing sign of strength from the bulls, a pullback/retest position presents a conservative approach to enter for the long side. Chart shows a continuation at the moment, bullish momentum in place targets next resistance 1.9Area. The resistance of 1.43Area become a support and needs to hold.
COINBASE:LDOUSDLong
by Moemony
2
ENA possible Ascending triangle breakout playLook for confirmation above the Resistance line in Pink... maybe wait for a breakout, then a pullback touching the Prior Resistance line before entering... and then note the size of the triangle as a possible TP zone. It is however, Entirely possible that the structure falls apart as a candle deviates from this pattern and falls to the bottom... just be careful on your entry. Not Financial Advise... duh.. #ENA #scalptrade #leveragetrading #leveragetrade #eth BINANCE:ENAUSDT.P
Long
by integritydesign
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
14
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