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Wedge

Bitcoin may continue to decline to support level in wedgeHello traders, I want share with you my opinion about Bitcoin. The market structure for Bitcoin has evolved significantly, transitioning from a contained downward channel into a much more volatile and expansive broadening wedge after a major breakout. This new pattern has defined a wide trading range, with price action making higher highs and lower lows, indicating a fierce battle between market participants. The most recent and critical development within this structure has been the price's failure to hold above the key level of 119700, breaking down below this former support and seller zone. Currently, the asset appears to be in a corrective phase, setting up for a potential retest of this broken level from underneath. The primary working hypothesis is a short scenario, which anticipates that the price will rally to test the 119700 resistance level and be rejected. A confirmed failure to reclaim this level would serve as a strong validation of the bearish pressure and suggest that a full rotation towards the bottom of the broadening wedge is now the most probable outcome. Therefore, the tp is logically and strategically placed at the 115200 level. This target is particularly significant as it represents a powerful confluence of the horizontal support level, the main buyer zone, and the ascending support line of the wedge, making it a natural magnet for price on the next major downward impulse. 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:BTCUSDShort
by LegionQ8
7
Why ETH Remains Bullish and Its Next Potential Move !The ETH will increase $200 and reach to the top of the wedge in the coming days . We can be hopeful that after breaking out of the wedge, we will see significant price growth. Best regards CobraVanguard.💚 Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
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
Inverse Head an Shoulders for FIL coinIt has been chaotic for the FIL coin stans, I not sure what do they call them :D. Will this be the bottom or the base before the ALT season? I don't think FIL will reach its ATH soon, maybe a decade? On the weekly timeframe, we are seeing an inverse head and shoulders pattern inside a falling wedge. If the price breaks out the upside, a huge gap could be filled and we might see the price coming back to 11 this year on conservative poin of view. Keep in mind the Fil coin has its unique utility for decentralized storage and through out the years we are seeing an influx of memory usage. Remember the time when 16mb was a huge thing ? What about having it decentralized and on a blockchain ? What do you guys think ? Is it possible to even get back at 50-70s? Cheers, cjustgold
COINBASE:FILUSDLong
by czguinto
4
British Pound can little grow and then drop to buyer zoneHello traders, I want share with you my opinion about British Pound. If we look at the chart, we can see how the price started to grow inside an upward channel, where it at once broke the 1.3280 level. In the channel, it rose to the resistance level, which coincided with the seller zone, after which it rebounded and fell to the support line of the channel. Later, GBP rose to the seller zone and dropped, breaking the resistance level and exiting from the upward channel. Then the price entered to wedge and then made an impulse up, breaking the resistance level, and rose to the resistance line of the wedge. After this movement, it turned around and started to decline. Soon, it broke the 1.3580 level one more time and fell more. But later it turned around and rose to the 1.3580 resistance level, which coincided with the resistance line of the wedge. Then it dropped to the support line of the wedge, breaking the support level, but soon it backed up and rose back to the resistance line of the wedge pattern. Now I expect that the British Pound can continue to decline inside the wedge, and reach the buyer zone, breaking the support level. For this case, I set my TP at 1.3245 points, which coincided with the buyer zone. 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
17
Gold may bounce from support level and rise to resistance levelHello traders, I want share with you my opinion about Gold. The technical narrative for gold has fundamentally shifted from bearish to bullish following a significant breakout from a prior downward wedge. This powerful upward rebound signaled a clear change in market control, invalidating the previous downtrend and establishing a new, constructive market structure. This new structure has taken the form of a well-defined upward channel, which has been guiding the price action higher through a series of impulsive and corrective waves. Currently, the asset is undergoing a natural corrective phase after recently testing the upper resistance line of the channel. This downward correction is guiding the price towards a critical confluence of support located around the 3330 level. This area is significant as it represents the intersection of the channel's ascending support line and a strong horizontal buyer zone. The primary working hypothesis is a long scenario, based on the expectation that buyers will step in to defend this key support confluence and maintain the integrity of the upward channel. A confirmed bounce from this area would likely initiate the next impulsive leg higher within the trend. Therefore, the tp is logically set at the 3405 resistance level, as this represents a full rotation back to the top of the channel and aligns with the major seller zone. 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
9
Ripple will continue to grow in wedge and break resistance levelHello traders, I want share with you my opinion about Ripple. The price action for Ripple has been methodically developing within the confines of a large upward wedge. This pattern has defined its strong upward trend since the last major rebound from the buyer zone around 2.7425. This structure has guided the asset higher through a series of corrections and upward rebounds, showcasing a sustained campaign by buyers. Currently, the price is at a critical juncture, consolidating directly below the significant horizontal resistance level at 3.3255. This level, which is also a major seller zone, has previously capped rallies and represents the most immediate obstacle to a continuation of the uptrend. The primary working hypothesis is a long scenario, based on the expectation of a decisive breakout above this resistance. Such a breakout would signify that buyers have absorbed the available supply and are ready to push the market to a new high. The scenario anticipates that following the initial break, the price will perform a corrective retest of the 3.3255 level, treating the former resistance as new support. A confirmed bounce from this retest would validate the breakout and provide the impetus for the next impulsive wave higher. Therefore, the TP for this continuation move is logically placed at the 3.5760 level, which aligns perfectly with the upper resistance line of the entire upward wedge formation. 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:XRPUSDLong
by LegionQ8
HD: A Breakout Play Set for New Highs! •Decisive Pattern Breakout: Home Depot has executed a robust bullish breakout from a multi-month symmetrical triangle pattern. This pattern, clearly defined by the converging vibrant green trendlines, indicates a period of consolidation followed by a strong directional move. The recent surge above the upper trendline signals a decisive shift in market sentiment towards the bullish side. 💪 •Establishing Firm Support: Crucially, the previous resistance level around $375, now highlighted as a green support zone, has been successfully retested and held. This conversion of resistance into support is a classic bullish confirmation, providing a solid foundation for the subsequent advance. Maintaining price action above this level is paramount for the continuation of the upward trajectory. 💎 •Navigating Immediate Hurdles: As the rally progresses, the price is approaching its "1st Defense" around $405, a grey zone representing an immediate resistance hurdle. A successful breach of this level, potentially after some consolidation or minor pullback, would open the gates for the next leg higher. 📊 •Targeting the Next Milestone: With the breakout confirmed and key support in place, our technical analysis projects a significant upside target of $420. This objective, marked by the prominent red zone, aligns with the measured move of the symmetrical triangle pattern and previous areas of price action. Traders will be keenly observing for a sustained drive towards this ambitious level. 🎯 •Strong Bullish Momentum: The overall outlook for HD is bullish. The recent price action, underpinned by the powerful pattern breakout and the establishment of robust support, points to strong underlying demand. As long as the price maintains its position above the $375 level, the path of least resistance remains to the upside. ✨ Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
NYSE:HDLong
by ManiMarkets
XAUUSD Technical AnalysisGold is currently trading within a rising wedge pattern on the 1-hour chart. The price recently touched the upper trendline of the wedge and faced a strong rejection, indicating bearish pressure. If the price breaks below the lower boundary of the wedge, it will likely trigger a sharp bearish move. Key downside targets after a confirmed breakdown are: 3340 3300 3270 If Gold drops below 3270, the next significant support lies at 3250 on the daily chart. A daily close below 3250 will confirm a shift in the medium-term trend, opening the path toward the 3000 psychological level. OANDA:XAUUSD
OANDA:XAUUSDShort
by SaklainManzoor
Natural Gas consolidates nearby support level of 3.0000Natural Gas consolidates nearby support level of 3.0000 U.S. Natural Gas has been declining since mid-June, forming the bullish wedge. Since the end of July 4-h RSI shows us bullish divergence, the price consolidates nearby the 3.0000 support level. The price is expected to rise towards 3.4000 level as a first target with 3.6000 as a final target. Additionally, according to seasonals, since the second half of the august, natural gas prices go bullish due to the beginning of the shoulder season, which may be an extra support factor for the asset.
CAPITALCOM:NATURALGAS
by ProfessorSingapore
$TSLA – Wedge Breakout with Rotation PotentialNASDAQ:TSLA – Breaking Out of a Big Wedge After Earnings Reversal Tesla ( NASDAQ:TSLA ) just broke its wedge pattern after a strong post-earnings recovery, and the price action says a lot about where sentiment is shifting. 🔹 Earnings Flush → Strong Absorption Earnings reaction was ugly — big gap down and heavy selling. Since then, NASDAQ:TSLA has been shrugging off negative news — sales data, guidance cuts, analyst downgrades — all absorbed without breaking down. This tells me buyers are quietly accumulating. 🔹 Rotation Narrative The rest of the Mag 7 has been ripping for months. NASDAQ:TSLA is the laggard — and now traders are rotating into the one big name that hasn’t moved yet. If it holds here, the upside could be sharp. 🔹 My Trade Plan: 1️⃣ Starter Long: Took an entry on the wedge trendline break. 2️⃣ Why Not Full Size Yet? This is day 4 of the move — in my playbook, that’s a starter size only. 3️⃣ Add Trigger: If we get an inside day or small dip that holds above the 9 EMA, I’ll add the rest of the position. 4️⃣ Stop: Under the wedge breakout level for now. Why I Like This Setup: Wedge break + rotation narrative + strong news absorption. Market psychology turning — when a stock stops going down on bad news, it’s often about to go up. Starter now, add on the dip = structured risk.
NASDAQ:TSLALong
by kunal00
BTC Dominance Breakdown – Altseason 2025 Loading? The BTC Dominance chart is flashing a familiar pattern we last saw before the explosive 2021 Altseason — and history might be about to rhyme. Let’s break it down: BTC Dominance has once again tapped the same multi-year resistance trendline (red line). Price has been riding a rising wedge since early 2022 — a pattern that typically resolves to the downside. Last week, dominance rejected from the resistance zone and broke below wedge support. Key Technicals: Resistance Trendline: Serving as a multi-year ceiling since 2019. Support Trendline: Rising wedge support now broken, opening the door for a deeper decline. Current Level: 60.81% — sitting right below the breakdown zone. What This Means for the Market: If dominance continues to fall, altcoins could see significant capital inflows. A sustained drop could trigger an Altseason 2.0, with high-beta alts outperforming BTC. Watch for BTC to consolidate or move sideways — this typically accelerates altcoin gains. Confirmation & Invalidations: ✅ Bullish for alts if: Dominance closes weekly candles below 60%. Momentum builds to retest lower dominance support levels (50%-55%). ❌ Invalidation: A reclaim of wedge support + breakout above 67% would kill the altseason narrative in the short term. 📌 Conclusion: BTC Dominance is at a critical turning point. History suggests we could be on the verge of a powerful altcoin cycle if the breakdown sustains. Patience and positioning are key — the biggest alt rallies start when most traders are still skeptical. 💬 What do you think — are we about to witness Altseason 2025? Drop your thoughts below.
CRYPTOCAP:BTC.DShort
by CoreCrypto1
EURNZD: Bullish Continuation Confirmed?! 🇪🇺🇳🇿 EURNZD leaves several bullish clues after a test of an underlined intraday horizontal support. First, the price violated a support line of a falling wedge pattern. A confirmed bullish Change of Character CHoCH was formed then. I expect more growth now. Next resistance is 1.965 ❤️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
6
Bullish Energy in Natural Gas: -DMI Extreme + Wedge BreakoutThe Spark in the Gas Market Natural gas has been quietly simmering in recent weeks, building pressure beneath a surface of consolidation. Traders watching closely will have noticed a rare alignment — one that history shows can potentially precede outsized moves. We’re talking about the convergence of two powerful signals: a -DMI yearly extreme and a falling wedge breakout. In the past, this combination has marked moments when bearish momentum had run its course, giving way to swift and decisive bullish reversals. Now, that same alignment is flashing again, inviting a closer look at the technical landscape and the potential opportunities it presents. Why This Setup Matters The -DMI (Directional Movement Index) measures the strength of downward price moves. When it pushes beyond two standard deviations above its yearly linear regression channel, it signals an overextended bearish phase. Historically, these extremes have often coincided with market bottoms in Natural Gas Futures. Layer on top a falling wedge — a bullish reversal chart pattern — and the probability of an upside move gains weight. The wedge compresses price action into a narrowing range, reflecting reduced volatility and setting the stage for a potential explosive breakout once resistance gives way. The current breakout level sits near 3.18, with technical projections aligning closely to a well-defined UFO resistance (UnFilled Orders) zone around 3.90. The Technical Story Unfolds Looking at the daily chart in the present, the -DMI has recently breached the +2 standard deviation boundary of its 252-period regression channel — a rare occurrence that, as said, has preceded multiple major bullish reversals in the past year. When this condition appeared, downside momentum often faded, making room for buyers to take control. This time, the current signal aligns with a falling wedge that has been developing for weeks. Price is about to break above the wedge’s upper boundary at approximately 3.18, suggesting a potential trend reversal. The Trade Blueprint Direction: Long Entry: 3.18 (confirmed breakout above wedge resistance) Target: 3.90 (wedge projection + UFO resistance) Stop Loss: 2.858 (below wedge and technical support floor) Reward-to-Risk Ratio: ~2+ to 1 This structure allows traders to define risk tightly while targeting a meaningful upside move. The setup applies equally to both Natural Gas Futures (NG) and Micro Natural Gas Futures (MNG), offering flexibility in capital allocation. For smaller accounts or those wanting to reduce margin exposure, the MNG contract delivers the same tick size precision with only one-quarter of the notional value. The Contract Advantage Natural Gas Futures (NG) represent 10,000 MMBtu per contract, with a minimum tick size of 0.00025 — equivalent to $2.50 per tick. Micro Natural Gas Futures (MNG) are one-tenth the size at 1,000 MMBtu per contract, with the same 0.00025 tick size equaling $0.25 per tick. Margin requirements vary with volatility and exchange adjustments, but at the time of writing, the CME lists initial margin for NG in the range of $3,500 per contract, while MNG margins are proportionally lower at $350 per contract. This creates flexibility for traders to scale positions or manage risk without altering the technical logic of the trade. Both contracts trade nearly 24 hours per day, Sunday through Friday, offering the ability to react to global energy market shifts in real time. Risk Management as the Safety Valve Defining risk is the cornerstone of any trade plan. The stop loss at 2.858 is not arbitrary — it sits below both the wedge’s lower boundary and a nearby technical support level. If price were to close below this level, it would undermine the bullish thesis and call for an exit. Using smaller MNG contracts can help align risk with account size, allowing for partial position scaling and better drawdown control. Equally important is avoiding undefined risk scenarios, particularly in a commodity as volatile as natural gas. Precision in both entries and exits reduces exposure to intraday whipsaws while maintaining the trade’s structural integrity. Closing the Loop The natural gas market has aligned a rare set of conditions — a -DMI yearly extreme and a falling wedge breakout — each of which has historically preceded significant upside moves on their own. Together, they offer a compelling technical case for a defined, risk-managed long position targeting the 3.90 zone. While no setup guarantees success, this one seems to offer clarity: a well-defined entry, stop, and target, supported by historical probability and pattern structure. In volatile markets, those moments of clarity are worth paying attention to — and acting on with discipline, and always depending on the trader’s trading plan. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
NYMEX:NG1!Education
by traddictiv