Get started

Wedge

GOLD → Breakthrough of correction resistance. Uptrend FX:XAUUSD entered a correction phase after the Fed meeting and interest rate cut, but by the end of the week, the market managed to recover from the decline and return to the zone of interest, breaking through the resistance of the downtrend... The dollar is correcting after the Fed meeting on interest rates. The index is testing resistance at 97.5-98.0, and a false breakout of this zone could trigger a fall in the index, which in turn would only support the forex and gold markets... At this time, the metal is reducing its correlation with the DXY and breaking the resistance of the downward correction, which is provoking an impulse to 3685. Technically, Friday's trading session is closing quite positively, which generally indicates a high level of demand. I would highlight several key levels: the previously broken resistance at 3674 (below this zone there is a hidden liquidity pool) and resistance at 3685 (trigger). A retest of the lower level is possible before the price continues its growth. The target within the current movement can be considered 3700 - 3710. Support levels: 3674, 3668, 3660 Resistance levels: 3685, 3703, 3710 If, during the Asian/Pacific session, gold consolidates without a pullback and closes above 3685, the market may continue to rise towards the specified target. However, if the market lacks potential (after the weekend), then MM may test 3674 - 3668 before the price returns to growth towards the target of 3700. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
6
XAUUSD Long: Path to $3715 After Successful RetestHello, traders! The price auction for XAUUSD has been developing within a well-defined upward wedge for some time. This bullish structure has guided the price higher through a series of higher highs and higher lows, with the demand zone 2 at 3575 acting as a key pivot point low for the formation, establishing the underlying uptrend. Currently, the auction has reached a critical stage after a strong impulse resulted in a breakout above the key horizontal demand level at 3665. This move shows strong bullish initiative, but such breakouts are often followed by a retest to confirm their validity before the next major leg up. My scenario for the development of events is based on this breakout being successful. I expect the price to make a corrective pullback to retest the broken 3665 demand level from above. In my opinion, if this former resistance holds as new support, it will be a strong confirmation of the bullish trend. This should trigger a continuation of the rally towards the upper resistance line of the wedge. The take-profit is therefore set at 3715, just below this upper boundary. Manage your risk.
FOREXCOM:XAUUSDLong
by heniitrading
2
Is RENDER About to Explode?Yello Paradisers, are you watching closely? RENDERUSDT just completed a textbook breakout—and it might be your best shot at catching a high-probability move before the crowd even notices. 💎RENDERUSDT has officially broken out of a falling wedge—a powerful bullish pattern—confirmed by bullish divergence on the RSI, MACD, and Stochastic RSI. When all three indicators align like this, the probability of a strong upside move significantly increases. 💎Even better, price action has already retested the wedge breakout, and from the current levels, the market is offering a favorable risk-to-reward (RR) setup. 💎Now, if you’re looking for additional confirmation, a more cautious play would be to wait for a pullback into the nearest support zone, and then enter on a bullish candlestick formation. This approach could not only boost your confidence but also improve your overall RR. 💎However, stay sharp—if price breaks and closes below the support and our invalidation level, the entire setup gets invalidated. In that case, patience is key. Wait for stronger price action before considering re-entry. 🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. Be patient, stay focused, and let the market come to you, Paradisers. That’s how the winners play this game long-term. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
Euro can Bounce From Wedge Support and Rally to 1.1930Hello traders, I want share with you my opinion about Euro. The market for the Euro has transitioned from a clear trending phase into a more complex corrective structure after the prior upward channel failed to sustain its momentum. Following a significant rejection, the price broke down and underwent a deep correction, which was ultimately absorbed by the major 1.1430 - 1.4000 buyer zone. This level served as a critical pivot, halting the decline and initiating the current market phase, which has taken the form of a large upward wedge. The price action for EURUSD has since been contained within this new pattern, rotating between its ascending support and resistance lines. Currently, the asset is at a key inflection point, having completed a corrective swing down to test the ascending support line of this wedge. In my mind, this sets up a long, rotational scenario. I expect that buyers will defend this dynamic support. A confirmed bounce from this support line would validate the integrity of the wedge and signal the start of a new rally towards the upper boundary. Therefore, I have placed my TP at 1.1930, a target that aligns perfectly with the resistance line of the wedge. 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
21
BITCOIN → Manipulation, long squeeze before growth BINANCE:BTCUSDT is in a global bullish trend. The fundamental background, following the start of interest rate cuts, is taking a positive turn, but instead of growth, the market is consolidating... Bitcoin is showing resilience, trading within the specified trading range (above 114K) amid the Fed's policy easing. For three weeks in a row, growth has been supported by dovish signals from the central bank and growing institutional demand. Key drivers: The Fed's 25 bps rate cut and forecasts of further easing (to 3.6% by the end of 2025) have strengthened the fundamental backdrop in the cryptocurrency market. Corporate and ETF purchases continue to fuel the bullish trend. Low rates reduce the attractiveness of bonds and increase interest in Bitcoin. Technically, the market, influenced by manipulation rather than growth, continues to accumulate potential before growth. Resistance levels: 117860, Support levels: 114600, 113300 The market is forming an uptrend, with a bullish trend line appearing on the chart. However, as part of consolidation, Bitcoin is under pressure from bears and is moving into a correction phase from 117900. I expect that MM may form a long squeeze in the liquidity zone. That is, a false breakdown of the consolidation support and trend at the same time, and only then return to an upward movement. Best regards, R. Linda!
Long
by RLinda
32
Archer (ACHR) Bullish Pennant Breakout?I love this chart setup so wanted to share. It has a little bit of everything from market structure, fib levels, pattern recognition, falling wedges.. a bullish backdrop for tech, speculative plays, and the air transportation sector in particular. Archer's top competitor is $JOBY. They have been performing amazing as of late, experiencing all time highs, even. During the last few months though I have watched NYSE:ACHR closely looking for an opportunity to diversify and buy up some real estate. Now is looking like a decent time to start accumulating for a swing trade in my humble opinion.
NYSE:ACHRLong
by ChazzyFreshh
4
EURGBP - Testing Supply at the Channel TopEURGBP has been grinding higher on the 4H, respecting a rising channel. Price is now tagging the overbought zone near the upper bound and a 0.873–0.875 supply area. This confluence is key 🔑. If sellers react here, I’ll look for short setups on rejection, aiming for 0.867 first, then 0.863 toward demand and the lower channel. If price breaks and holds above 0.875, the short idea is invalidated and 0.880+ could follow. Until then, it’s a “look for shorts at supply” play. What’s your take - fade the touch at supply, or wait for a confirmed break and retest? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
4
#LQTYUSDT #4h (Bitget Futures) Faling wedge breakout and retestLiquity just regained 50MA support after a first deviation, seems likely to resume bullish towards 200MA resistance and more. ⚡️⚡️ #LQTY/USDT ⚡️⚡️ Exchanges: Bitget Futures Signal Type: Regular (Long) Leverage: Isolated (4.0X) Amount: 4.5% Current Price: 0.8214 Entry Zone: 0.8116 - 0.7826 Take-Profit Targets: 1) 0.9041 2) 0.9847 3) 1.0652 Stop Targets: 1) 0.7076 Published By: @Zblaba $LQTY BITGET:LQTYUSDT.P #4h #Liquity #DeFi liquity.org Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +53.7% | +94.1% | +134.5% Possible Loss= -44.9% Estimated Gaintime= 1-2 weeks
Long
by TradingOn
7
BTCUSD Long: Awaiting Bounce from Channel SupportHello, traders! The prior price auction for BTCUSD was controlled by a downward wedge, which guided the price to the major 110000 DEMAND level. A strong bullish initiative from this demand zone caused a reversal and a breakout from the wedge, establishing the current bullish market structure and shifting control to buyers. Currently, the price action is being guided by a new ascending channel. The auction has recently pushed up to test the significant horizontal supply at the 117600 level and is now in a corrective pullback phase, heading towards the lower support line of this channel for what I see as a critical test. My scenario for the development of events is a continuation of this uptrend after the corrective dip completes. I believe the price will find strong support on the ascending demand line of the channel. In my opinion, a successful bounce from this dynamic support will confirm that buyers are still in control, triggering the next impulsive wave higher and breaking the 117600 supply level. The take-profit is therefore set at 120300, targeting the upper resistance line of the channel. Manage your risk!
BINANCE:BTCUSDLong
by heniitrading
5
KSM is Ready for 150% + Up Move KSM is making a pattern at Support zone and It is Ready for Breakout from that pattern . and at the same time Altcoin Season Index is at 74 , when it is >75 it is sign of very bullish in altcoins and Breakouts will have very high potential to give a big move . and at the same time Bitcoin dominance is decreasing and altcoins dominance is started increasing , so look on all the altcoins and follow proper risk management , it has very good chances to move UP side but first we have to protect the down side , where risk management comes into game . Follow for more Ideas and potential coins/ Stocks .
Long
by mahesh56a
EURUSD: Correction will ContinuesHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, we saw a significant bullish impulse on EURUSD after the price broke out of a multi-week upward wedge. This breakout carried the price well above the Support 1 level at 1.1780, culminating in a new local All-Time High before entering a corrective phase. Following that peak, the market has pulled back and is now consolidating. Currently, it appears that the price is attempting to build support for another move higher, likely to re-challenge the recent highs. My Scenario & Strategy My scenario is a bearish one, built on the expectation of a failed retest of the recent ATH. I'm looking for the price to make one more push upwards towards the recent ATH. The key signal for this short idea would be a clear and strong rejection from that high, showing that buyers no longer have the strength to continue the trend. Therefore, the strategy is to watch for this failure at the highs. A confirmed reversal would validate the short scenario. The primary target for the subsequent decline is the 1.1795 support zone, which aligns with the Support zone 1 area. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Short
by Ratner
5
EURUSD Long: Correction Before Impulse UpHello, traders! A large upward wedge pattern has defined the price auction for EURUSD. This bullish structure has been formed by a series of higher highs and higher lows, with key pivot points establishing the diverging supply and demand lines. The auction has been rotating between the demand zone 2 and the supply zone near the 1.1780 level. Currently, following a rejection from the wedge's upper supply line, the price has entered a corrective phase. This pullback is guiding the auction towards a significant confluence of support. The price is now approaching the ascending demand line, a key area where buyers have previously shown initiative and are expected to defend the trend. The primary scenario anticipates a successful defense of this ascending demand line. A confirmed bounce from this dynamic support would validate the integrity of the upward wedge and signal that the bullish initiative is ready to resume. This is expected to trigger a full rotation back to the top of the pattern, breaking through the 1.1780 demand level. The take-profit is therefore set at 1.1810, targeting the upper supply line of the wedge. Manage your risk!
Long
by heniitrading
2
CRUDE OIL (WTI): Strong Bullish Confirmation?! Update for my yesterday's idea for WTI Crude Oil. The price retested a recently broken structure and we see a strong bullish reaction to that today. A bullish violation of a resistance line of a falling wedge pattern indicates a strong buying pressure. I think that the market will continue growing and reach 64.65 resistance soon. ❤️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.
FX:USOILLong
by VasilyTrader
2
Exploring the Two Variations of the Rising Wedge PatternHello everyone! When I first started learning technical analysis, one of the patterns I found incredibly interesting and important was the Rising Wedge pattern. This pattern is formed when the price creates higher highs and higher lows, but the price range gradually narrows. However, there’s something that few people know – the Rising Wedge pattern can appear in two different forms, and each form has significant implications for predicting market trends. Form 1: Rising Wedge in an Uptrend (Reversal) The first and most common form of the Rising Wedge is when it appears in an uptrend. This pattern signals that the uptrend is losing momentum. When I identify this pattern, I know the market is weakening and is likely to reverse into a downtrend. Characteristics: The price creates higher highs and higher lows, but the range of price movement narrows, and trading volume typically decreases. Confirmation: A breakout below the support at the bottom of the Rising Wedge confirms a trend reversal. When this pattern forms, I prepare to enter a short trade when the price breaks the support at the bottom of the pattern. This is when the market could start to reverse and move downward. Form 2: Rising Wedge in a Downtrend (Continuation) The second form of the Rising Wedge appears in a downtrend. Although it may look similar to the first form, its purpose is different. This pattern does not signal a reversal, but instead indicates that the downtrend will continue after the price breaks below the bottom of the pattern. Characteristics: Similar to the pattern in the uptrend, the price also creates higher highs and higher lows, but the price narrowing occurs within a downtrend. Confirmation: Once the price breaks below the bottom of the pattern, it is expected to continue the strong downward movement. In this case, I do not rush to enter a buy trade because this pattern signals that the downtrend is still strong. After the price breaks below the bottom of the pattern, I will consider entering another short trade. In Summary The Rising Wedge pattern is an incredibly useful tool for technical analysis to identify changes in price trends. Whether in an uptrend or downtrend, this pattern can provide great trading opportunities if you know how to identify and act on it promptly. In an uptrend: The Rising Wedge signals weakness and a potential reversal. In a downtrend: The Rising Wedge signals the continuation of the downward trend. Understanding these two forms helps me make more accurate trading decisions and manage risk more effectively in any market condition.
OANDA:XAUUSDEducation
by Kenn_Nguyen
Gold — Fed Cut Fade: Overextended, Eyeing a ThrowbackGold — Fed Cut Fade: Overextended, Eyeing a Throwback 🎯 Gold ripped higher into the FOMC, but the 25 bp cut was fully priced in. Post-decision, we saw the classic whipsaw — down → up → slow fade into the close. With the dollar and real yields catching a bid, the metal looks due for digestion before the next leg. Technicals (4h) Overextended run: Vertical leg higher with no real basing. Supply zone: Sellers showed up around 3.71–3.75k. Volume magnet: Confluence of the broken trendline + HVN sits down at ~3.41k. Thin profile: Gap between 3.52 → 3.41k leaves room for a fast move lower if momentum flips. Trade Idea Short bias: Fading the 3.71–3.74k zone or on breakdown acceptance below 3.69k. Stop: Above 3.76k (invalidation). Target: 3.41k (major HVN + retest zone). Macro Context The Fed’s move matches expectations. With positioning stretched and “buy the rumor / sell the news” in play, near-term risk is for a pullback. Medium term, the trend stays bullish if easing continues and real yields drift lower. Not financial advice — just sharing the setup I’m watching. #Gold #GC1 #Futures #ShortSetup #VolumeProfile #FOMC
COMEX:GC1!Short
by JoshuaDanford
$GLQ Falling Wedge 2.0After peaking in 𝐅𝐞𝐛 ‘𝟐𝟑, AMEX:GLQ dropped 𝟗𝟎% and formed a 𝐟𝐚𝐥𝐥𝐢𝐧𝐠 𝐰𝐞𝐝𝐠𝐞 (May–Oct ‘23). Inside the wedge, GLQ made 𝟒 𝐥𝐨𝐰𝐬 - 𝟐 𝐰𝐞𝐫𝐞 𝐥𝐨𝐰𝐞𝐫 𝐥𝐨𝐰𝐬. The 𝐟𝐢𝐧𝐚𝐥 𝐥𝐨𝐰𝐞𝐫 𝐥𝐨𝐰 came just days before a 𝟓𝟎𝐱 𝐛𝐫𝐞𝐚𝐤𝐨𝐮𝐭. After peaking in 𝐌𝐚𝐫 ‘𝟐𝟒, AMEX:GLQ again dropped 𝟗𝟎%… and is now forming the 𝐬𝐚𝐦𝐞 𝐟𝐚𝐥𝐥𝐢𝐧𝐠 𝐰𝐞𝐝𝐠𝐞 (Apr ‘25–Now). So far: 𝟑 𝐥𝐨𝐰𝐬, 𝟏 𝐥𝐨𝐰𝐞𝐫 𝐥𝐨𝐰. Another touch down could complete the wedge before a 𝐛𝐫𝐞𝐚𝐤𝐨𝐮𝐭 (𝐎𝐜𝐭–𝐍𝐨𝐯?).
Long
by charley1215