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Wedge

EUR/USD – Buy Setup | H1 Outlook📊 Price has been moving inside a falling wedge pattern, indicating potential bullish pressure building up. Currently, price is testing the lower boundary of the wedge, which aligns with demand support. ✅ Entry Zone: Around 1.1618 – 1.1620 🛑 Stop Loss: Below 1.1598 🎯 Target: 1.1672 (near wedge resistance & liquidity zone) 🧩 Outlook: As long as price respects the wedge support, we may see a bullish breakout towards 1.1672. A clean break below 1.1598 would invalidate this setup. Watch out for liquidity grabs near support before the upward push. ⚡ Upcoming news events may cause volatility — trade safe and manage risk wisely. 🔔 This is an educational idea, not financial advice. Trade at your own risk.
Long
by Greenfireforex
GOLD → Breakthrough of downward resistance, news ahead...FX:XAUUSD is recovering after a fairly prolonged decline, and there are signs of bullish sentiment on the chart, but caution is advised as important news is ahead... Gold is in a holding pattern. Its short-term fate depends on today's US economic data and, to a greater extent, on tomorrow's speech by Powell, which will set the tone for the future. The price is recovering slightly after a recent decline, but is trading cautiously. The market is awaiting the release of S&P Global's business activity indices (PMI), which will assess the strength of the US economy and influence Fed rate forecasts. Another key event of the week is the Fed chair's speech in Jackson Hole on Friday. His comments on future interest rates will determine the further movement of gold and the dollar. Technically, we are seeing a rebound from the support of a global symmetrical triangle, with bulls still in the market but waiting for further signals. Locally, we are seeing positive dynamics — a breakout of downward resistance and consolidation in the buying zone... Resistance levels: 3350, 3370 Support levels: 3331, 3315 The conditions for further growth should be a positive fundamental background and the bulls holding the price above key support. A retest of the trading range boundary (0.5f) is possible before growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13
XAUUSD rebounded from 3,310.00 support levelXAUUSD rebounded from 3,310.00 support level Gold kept climbing on August 20, ending above $3,345 an ounce. That was thanks to the recent Fed meeting minutes and the weaker US dollar. It boosted global demand for gold, especially with expectations of a possible rate cut in September. The minutes from the last Fed meeting showed some bank officials were hesitant to cut rates, even though inflation was rising and there were concerns about the job market. But two governors didn't agree, which was the first time that had happened in over 30 years. Investors are now looking forward to what Fed Chair Jerome Powell has to say in Jackson Hole. They think there's an 85% chance of a rate cut in September, which is boosting confidence in gold's future. During Asian and early European trading hours the price has been declining towards upper border of the falling wedge. Still, the continuation of the rise towards 3,380.00 is expected.
SAXO:XAUUSDLong
by ProfessorSingapore
GBPJPY → False breakout and reversal patternFX:GBPJPY is forming a false breakout of strong resistance from D1. A trading range (consolidation) is forming, and market participants are fighting for the 199.0 - 200.0 zone. GBPJPY is consolidating at strong resistance. A fierce battle is underway for the 199.0-200.0 zone. Focus is on the Japanese yen, which is consolidating (against a backdrop of dollar stagnation). A decline in the JPY could trigger a fall in the currency pair. The volume density point is located above 199.5. Locally, the price has confirmed a bearish structure, and a retest is forming on increased volatility (manipulation). A false breakout of resistance will return the price to support, which in turn will increase the chances of a further decline Resistance levels: 199.5, 200.28 Support levels: 198.67, 197.68 A double top reversal pattern is forming on the chart, indicating the presence of strong limit resistance, but the pattern has not yet been realized. The trigger is consolidation support. Locally, I expect a decline from 199.5 to retest the trigger, the breakout of which could trigger the reversal pattern. Best regards, R. Linda!
Short
by RLinda
4
XAUUSD | 1H Outlook | FALLINGWEDGE FAKEOUT BEARISH MOMENTUM🔍 Structure | Trend | Key Reaction Zones Gold is respecting the bearish structure with a series of Lower Highs (LH) and Lower Lows (LL). The recent pullback towards $3348–$3350 is showing rejection from a key supply zone while still following the falling wedge structure. 🧠 Market Overview: Previous accumulation attempt failed, keeping the bearish bias intact. Price is retesting a strong supply zone ($3348–$3358) while sitting below the major LH trendline. A breakdown from current levels could push gold deeper into the pending demand zone. 🎯 Key Scenarios: 🔻 Bearish Continuation (Primary Bias): Rejection under $3350–$3358 could trigger a drop towards: Target 1: $3330 Target 2: $3314 Target 3: $3300 – $3296 (Major Demand Zone) 🔼 Bullish Invalidation: A sustained break and hold above $3358 would shift momentum, potentially targeting $3380–$3400 again. 📌 Current Levels to Watch: Resistance: $3348 → $3358 Support: $3330 → $3314 → $3300 ⚠️ Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research before trading.
FOREXCOM:XAUUSDShort
by PEAKALPHAFXMARKETS
3
EUR/USD – Elliott Wave + FVG Orderblock | Key Short Setup Ahead🔎 Analysis Breakdown: 1. Wave Structure: Market is completing the corrective ABCDE pattern, with wave D testing the upper supply area. 2. Supply Zone: The highlighted zone shows active sellers, increasing probability of rejection. 3. Liquidity & FVG Orderblock: Below, we have a fair value gap (FVG) and orderblock acting as a magnet for price. 4. Scenario: If price rejects the D leg zone, bearish momentum could accelerate towards the FVG orderblock area (1.1580 – 1.1560). ⚠️ Invalidation: Any clean break and sustained close above the D-leg supply zone would invalidate this short setup. --- Conclusion: EUR/USD is at a critical juncture. Sellers are active, and rejection here could open the door for a deeper drop into the FVG orderblock zone. Keep risk tight and watch for confirmations before entry. 💬 What’s your take — are you bearish from here, or do you expect a breakout? Comment below 👇 --- #EURUSD #ElliottWave #Forex #SmartMoney #Liquidity #FVG #Orderblock #Trading
Short
by Greenfireforex
SILVER - High R/R, 3rd vol contractionExcellent Risk/Reward entry on Silver this morning, testing the bottom of a 3rd consecutive symmetrical triangle and the top of the previous consolidation area. Silver is again consolidating constructively above a breakout level with contracting volatility before the next move. Consistent with longterm macro bullishness on metals and continued technical uptrend. Tight stop below the 36.90 low or lower trendline. For longer term entry stop below the 31/7 low. Any entry below the dashed midline provides excellent R/R, even to just to retest the July high. Expect possible retest/liquidity grab on either trendline and/or midline post-breakout. May provide another high R/R entry. 4 hour RSI Oversold.
TVC:SILVER
by fullenglish
1
Bitcoin will bounce up from wedge to 117K pointsHello traders, I want share with you my opinion about Bitcoin. The recent price action for Bitcoin has been complex, marked by a significant breakout from a prior downward channel that failed to produce a sustained trend, leading instead to the current corrective structure. This new market phase has taken the form of a large downward wedge, a pattern of contracting volatility that often resolves to the upside. The price has been making a series of lower highs and lower lows within this wedge, with the major buyer zone around the 113000 support level acting as a foundational floor. Currently, the price is in the final stages of this consolidation, making another descent towards the apex of the wedge. The primary working hypothesis is a long scenario, based on a potential 'fake breakdown' or liquidity grab below the established support. It is anticipated that the price may briefly dip below the 113000 support level to trap sellers before staging a sharp reversal. A swift reclaim of this level would be the ultimate confirmation of the bullish thesis, validating the wedge as an accumulation pattern and likely triggering a powerful breakout to the upside. Therefore, the TP for this reversal scenario is logically set at 117000 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.
THINKMARKETS:BTCUSDLong
by LegionQ8
7
XAUUSD – Waiting for the Market to Show Its Hand1. Yesterday’s Setup In my yesterday’s analysis, I mentioned that while I am bullish overall, I could not ignore the pressure Gold was putting on the 3330 support. I also noted that for bulls to regain control, a break above 3345 was needed. The market reacted with textbook precision: price rallied exactly to 3345 before breaking down through 3330, reaching a low of 3311. Currently, we see a normal rebound, but inside a bearish short-term structure. ________________________________________ 2. The Key Question Is this just a continuation of the downtrend, or a trap before the real bullish move? ________________________________________ 3. Why I’m Not Convinced by the Bears • The recent drop doesn’t look impulsive—it’s overlapped and choppy, more like a stepway accumulation phase. • The pattern is contained inside a falling wedge, a structure that usually favors upside breaks. • Bears had their chance yesterday, but the follow-through looks weak. ________________________________________ 4. Trading Plan At this moment, I’m out of the market, waiting for confirmation. • Buy zone: around 3300–3305 for a potential re-entry long. • Bullish confirmation: if price climbs back above yesterday’s high (3345), it would negate the breakdown and confirm a false break. • With price now at 3322, I prefer to stay patient, watching how it reacts at the key levels. ________________________________________ 5. Final Note 🚀 Gold is now right in the middle of my interest range. For me, it’s not about predicting—it’s about waiting for the market to reveal the next high-probability setup. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSD
by Mihai_Iacob
16
GOLD → Correction and retest of a previously broken level...FX:XAUUSD breaks through the support of the local consolidation “symmetrical triangle” and falls to a minimum of 3311... Gold remained at a three-week low of around $3,300 in Asian trading on Wednesday as markets awaited the Fed minutes and Powell's speech in Jackson Hole. The dollar is strengthening on expectations that the Fed chair will reject the idea of aggressive rate cuts despite weak labor market and inflation data. The probability of a rate cut in September is estimated at 85%. Strong housing market data and news about negotiations on Ukraine provided additional support to the dollar. Powell's comments on Friday remain the key factor for gold, while current movements are mainly technical in nature. Resistance levels: 3328, 3331, 3345 Support levels: 3314, 3300, 3328 Technically, a correction is forming after a bearish rally. As part of the correction, the price may test the zone of interest, which is represented by local resistance levels. Distribution could bring the price to 3300-3270. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
19
XAUUSD slided towards new support levelXAUUSD slided towards new support level On August 20, gold prices plummeted to around 3,310.00, approaching a three-week low, as the easing of geopolitical tensions and the strengthening of the U.S. dollar exerted pressure on the metal ahead of the Federal Reserve's Jackson Hole symposium. Trump ruled out ground troops in Ukraine but suggested air support, while Zelenskiy hailed talks as a step toward peace with Putin. The focus is on the speech by Fed Chair Powell and the release of the FOMC minutes later today, which may provide insights into the central bank's policy decisions. The market anticipates two 25-basis-point rate cuts this year, potentially starting in September. During Asian and early European trading hours today the price has been growing after a rebound from 3,310.00. Analysts expect the price to continue trading sideways within a range of 3,310.00 - 3,380.00 and move towards higher border of the range.
SAXO:XAUUSDLong
by ProfessorSingapore
ETHUSD dropped below the support level of 4,200.00ETHUSD dropped below the support level of 4,200.00 On August 19 the asset dropped below 4,200.00 support level on an extremely high volume losing 5.55% as traders braced for Federal Reserve Chair Jerome Powell’s address at Jackson Hole. The drop follows a period of heavy profit-taking that gathered momentum after Ethereum’s sharp rally earlier this month. Liquidations also intensified during the downturn in the last 24 hours. Data from showed that more than 128,000 traders were wiped out in the past 24 hours, with total losses amounting to $450.7m. The asset has been growing during Asian and early European trading hours today. If the asset fails to break through the 4,200.00 and hold above, the price may decline to the major support level of 4,000.00. Otherwise, the upside range is limited by the upper border of the descending channel.
COINBASE:ETHUSD
by ProfessorSingapore
BTCUSDT | 1H Outlook /BEARISH CONTINUATION FORMATION OF LH/LL🔍 Structure | Trend | Key Reaction Zones BTC continues to respect a bearish structure, shifting from Higher Highs to Lower Highs & Lower Lows. 🧠 Market Overview: After the ATH sweep, BTC dropped from the consolidation zone. Price is struggling to reclaim momentum above $115,950–$116,500. Current level around $113,600 is holding, but pressure remains to the downside. 🎯 Key Scenarios: 🔻 Bearish Continuation (Main Bias): If BTC stays under $115,950–$116,500, next key levels: KEY POINTS: Target 1: $113,000 Target 2: $112,500 Target 3: $112,000 🔼 Bullish Recovery (Invalidation): Reclaiming $117,300 could flip momentum back up toward $118,100, invalidating short-term bearish pressure. 📌 Current Levels to Watch: Resistance: $115,950 → $117,300 Support: $113,000 → $112,500 → $112,000 ⚠️ Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research before trading.
Short
by PEAKALPHAFXMARKETS
When an Obvious Reversal is a Continuation (GBP/USD)Setup GBP shows a long term rising wedge pattern. After a small move above the top of the wedge, price declined until just before its 30 week moving average and has since bounced back strongly, though remains below the prior high. Signal On the daily chart, price broke below a rising trendline and RSI fell back into oversold territory for the first time since the start of the year. However, that was followed by a strong bounce back over the broken trendline. A breakout over 1.355 then the old high would confirm the uptrend has resumed.
Short
by jasperlawler
Is This a Head and Shoulders Bottom?Based on the conjecture, the right shoulder is about to form. The head and shoulders bottom pattern will only complete upon a breakout above 840. If the price falls below the previous low (approximately 680), the conjecture fails. The projected rise from the head and shoulders bottom roughly aligns with the overhead resistance levels. The long-term chart pattern appears more like a wedge. Short-term support : 68x Short-term resistance : 84x Target levels : 84x, 94x, 11xx
NASDAQ:ASMLLong
by DDDiving1993
1
ETHUSD formed a bullish wedge, ready to reverseETHUSD formed a bullish wedge, ready to reverse ETHUSD has been declining since August 14. During the last 2 days the asset started to trade within a narrow declining range, eventually forming a bullish wedge. Price came to an intermediate support level of 4,200.00, showing bullish divergence on the RSI on 30-m chart. Price is expected to rise towards local resistance of 4,400.00 and the upper border of the descending channel (highlighted with red).
COINBASE:ETHUSDLong
by ProfessorSingapore
1
EURUSD prices consolidate, ready to pullbackEURUSD prices consolidate, ready to pullback On Tuesday, the dollar took a small hike against other major currencies as markets digested some news about a White House meeting with European countries regarding the conflict in Ukraine. This meeting could determine what happens next in the conflict. Tina Teng, an analyst, said that markets are being careful and there's a bit of a risk-avoidant mood. Stock indices hit record highs, which boosted the dollar. If there's an agreement on Ukraine, it could shift the burden to Europe, leading to money leaving the euro and pound and strengthening the dollar even more. Also, people are focusing on the Jackson Hole conference, where Fed Chair Jerome Powell will talk about interest rates. Technically, EURUSD price has formed a bearish wedge. Bearish divergence on RSI is highlighted. The price is ready to drop towards 1.15000 level as a first target.
Short
by ProfessorSingapore
LMT Weekly Chart - Potential Bounce from Rising TrendlineThe weekly chart of Lockheed Martin (LMT) shows a well-defined rising wedge pattern, marked by multiple touches on both the upper and lower trendlines over the past several years. Price recently tested the lower trendline around $420–$430, providing a potential support area and signaling a high-probability bounce scenario. This aligns with previous historical reactions, as seen in similar touches in 2019 and 2020. The chart suggests a potential upward move toward the upper trendline near $550, pending confirmation. Traders should watch for bullish candlestick formations or price action signals around the lower trendline to validate the entry. Trade Setup: Entry: Long around $430 after confirmation of support bounce. Target Profit (TP): $550, coinciding with upper trendline resistance. Stop Loss (SL): $400, slightly below the lower trendline to mitigate downside risk. Timeframe: Weekly chart; ideal for swing trading. Confirmation: Monitor for strong weekly green candles, bullish engulfing patterns, or accumulation volume signals near support. The rising wedge pattern indicates that as long as the lower trendline holds, the bias remains bullish in the medium term. However, a decisive breakdown below $400 would invalidate this setup and signal potential deeper correction.
NYSE:LMTLong
by DNP-FX
XAUUSD 15M TIMEFRAME OVERVIEW💡 Smart Money / ICT Strategy – Accumulation & Liquidity Sweep Gold is on fire 🔥 after a powerful liquidity grab and a decisive breakout from the parallel channel. Momentum is building rapidly, and bulls look ready to launch an explosive upside leg if current support holds firm. Market structure is shifting in favor of buyers, suggesting continuation toward higher liquidity levels. 🔹 Key Highlights: Entry zone: 3330–3335 Buyers showing strong defense at liquidity zone KEY POINTS: 🎯 Target 1: 3339.57 🎯 Target 2: 3348.63 🎯 Target 3: 3361.77 (major upside liquidity) ❌ Setup invalid if price breaks below 3323 📌 Structure and liquidity behavior point toward a potential aggressive bullish continuation in the short term. This is not financial advice, just my market prediction.
FOREXCOM:XAUUSDLong
by PEAKALPHAFXMARKETS
Bitcoin dominance forming a falling wedgeIf we look closely at Bitcoin dominance, it has been sliding from 66% to around 59%, forming a textbook falling wedge. Normally, this is a bullish reversal pattern—and when it plays out, history shows it hurts altcoins the most. Right now, there’s also a clear bullish divergence on RSI: while the dominance has been falling, momentum is actually climbing. This divergence often signals that a reversal is coming, and when Bitcoin dominance rises, it doesn’t hurt BTC much, but it usually triggers heavy selling pressure in altcoins. At the same time, USDT dominance is showing signs of heading higher. When these two align—Bitcoin dominance moving up and USDT dominance ticking higher—it sets up a tough environment for alts. Money rotates into Bitcoin, stability is prioritized, and altcoins become the exit liquidity. In short, the setup is hinting that Bitcoin dominance is preparing to move higher, which could trigger a rotation out of altcoins and potentially cause a sharp correction in the altcoin market. Traders should be cautious—what looks calm in the charts today may flip quickly once dominance breaks out of this structure.
CRYPTOCAP:BTC.DLong
by crypto_vulture_signals