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Wedge

Wipro: Breakout & Boom!This is the daily timeframe chart of Wipro. Wipro has been forming a falling wedge pattern, and the stock has given a breakout near the ₹250 level. The breakout has also occurred above the long-term support zone of ₹225–₹240, which strengthens the bullish structure. If this momentum continues, then any dips from the current levels may offer strong risk-reward opportunities and potentially lead to a bigger rally. In the shorter timeframe, the potential upside target for Wipro stands near the ₹280 level.. Thank you.
NSE:WIPROLong
by FiveCircles
AUDUSD Wave Analysis – 3 December 2025 - AUDUSD broke daily Falling Wedge - Likely to rise to resistance level 0.6615 AUDUSD currency pair recently broke the resistance trendline of the daily Falling Wedge from the middle of September. The breakout of this Falling Wedge continues the active short-term correction ii, which stared earlier from the key multi-month support level 0.6420 (which has been reversing the price from May). Given the clear daily uptrend, AUDUSD currency pair can be expected to rise further to the next resistance level 0.6615 (target price for the completion of the active wave ii).
Long
by FxPro
BTCUSD Short-Term Setup: Buyers Defend Support, TP1 at $89,200Hello traders! Here’s my technical outlook on BTC/USD based on the current market structure. After reaching the Seller Zone near $92,000, the price once again faced strong rejection, forming a clear reversal right under the descending Trend Line. This confirms that sellers continue to defend this area and keep Bitcoin within a broader corrective structure. From there, BTC pulled back toward the Buyer Zone around $86,000–$85,500, which has acted as a reliable support multiple times in the recent sessions. The market is now forming a potential short-term recovery after a fake breakout below this zone, highlighting attempts from buyers to regain control. However, as long as the price trades below the Seller Zone and the descending Trend Line, bearish pressure still dominates the chart. The structure suggests that Bitcoin may attempt a move toward TP1 at $89,200, where the market previously consolidated and faced resistance. A clean rejection from the Trend Line could send the price back toward support for another test, while a confirmed breakout above $92,000 would shift short-term sentiment and open the way for stronger bullish continuation. On the other hand, a breakdown below $85,500 could expose BTC to deeper declines toward lower support lines. Please share this idea with your friends and click Boost 🚀
BINANCE:BTCUSDLong
by LegionQ8
17
USD/NOK bears on wedge watchUSD/NOK finds itself coiling within a rising wedge following a prolonged downtrend earlier this year, fitting the textbook definition of a bearish continuation pattern. With the pair now testing uptrend support, traders should be alert to the risk of a bearish breakdown that may open the door to lower levels. While an eventual bearish break is favoured, traders may want to wait for confirmation of the breakdown before entry, with support at 10.1000 and the important 50DMA located just beneath. The preference would be to wait for a close beneath the latter before considering the setup, allowing for a stop to be placed above the 50DMA or 10.1000 to protect against reversal. The psychologically important 10.0000 level looms as a key nearby hurdle for bears, with 9.9525 support another level to keep on the radar. Should the pair eventually clear the June low of 9.8650, the September lows would loom as the eventual trade target. There is no definitive signal from RSI (14) and MACD when it comes to directional bias, other than upside strength is waning quickly, placing more emphasis on price action and signals to determine how to proceed. Good luck! DS
Short
by FOREX.com
GBPUSD 4H — Short Setup Near Premium ZoneFX:GBPUSD Price is approaching a high-value supply zone where previous rejections occurred. Structure remains bearish with lower highs and lower lows, suggesting continuation unless price breaks above the invalidation level. A rejection from the 1.3300–1.3350 zone gives a high-probability short opportunity toward the next major liquidity level. Key Scenarios ❌ Bearish Case (Primary Bias) 📉 Entry Zone: 1.3300 – 1.3350 🎯 Target: 1.3020 – 1.2950 🛑 Stop Loss: Above 1.3461 (Invalidation Zone) Confirmation Improvement: • Rejection wicks • Bearish engulfing • Break and retest of minor support Important Levels Type Level Entry Zone 📍 1.3300–1.3350 Target 🎯 1.3020 → 1.2950 Stoploss ❌ 1.3461 Invalid Zone ⚠️ Above 1.3461 ⚠️ This analysis is for educational purposes only — not financial advice.
Short
by Gold-Thoughts-by-Selena
BTC Macro Rising Wedge: Arithmetic Trend SupportsThis monthly Bitcoin chart is on an arithmetic scale. The red line marks macro resistance connecting the major cycle peaks since 2017, forming the upper boundary of a large rising wedge, while the green line tracks macro support from the 2022 bear‑market low. Price has recently pulled back from near the resistance and is now reacting around the support, showing that this trend channel is still respected on a closing‑basis. As long as monthly candles hold above the green line, the primary uptrend from the last bear‑market bottom remains intact and the wedge structure continues to guide expectations. From this perspective, the chart suggests a path where Bitcoin can bounce off macro support and travel once more toward the resistance line before a larger cycle top and subsequent bear market. This aligns with my main strategy that calls for a new high before the next major downturn.
BITSTAMP:BTCUSDLong
by FlorinCharts
Elise | XAUUSD 2H — Liquidity Sweep + Retest SetupOANDA:XAUUSD After sweeping liquidity at every breakout stage, XAUUSD formed clear consolidation boxes acting as accumulation zones. Each breakout has been followed by a retest, confirming continuation. The current move has broken above liquidity pivot zone highs, and price is now expected to retest the level at 4165–4175 before continuation toward major liquidity above. Key Scenarios 🚀 Bullish Case (Primary Bias) If price retests and holds 4165–4175 zone: 🎯 Target 1: 4235–4250 🎯 Target 2 (Final): 4310–4350 liquidity zone Expect sweep of equal highs followed by continuation. 📉 Bearish Case (Invalidation) Break and close below 4110–4125 zone would weaken bullish structure and potentially send price back toward the lower range zone. Current Levels to Watch Retest Buy Zone: 4165–4175 Support Range: 4110–4125 Liquidity Targets: 4235 → 4310+ ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
OANDA:XAUUSDLong
by Elise-Golden-Sparks
14
Price-Action Analysis (Gold – Daily Chart)Price-Action Analysis (Gold – Daily Chart) 1. Rising Wedge Structure The chart highlights a rising wedge, where price is moving higher but the slope of the highs and lows is converging. This shows that although price is advancing, the momentum is slowing because each new high is made with decreasing strength. The wedge boundaries show price repeatedly touching both the upper and lower trendlines. 2. Recent Price Behavior Price moved from the lower wedge boundary upward and recently touched the resistance area near the upper boundary. After this touch, the latest candle shows a pullback, indicating a pause in upward momentum. This is consistent with price meeting the top of a tightening structure. 3. Interaction With EMAs Price has been trading above the EMA 7, EMA 9, and EMA 21, reflecting short-term upward pressure. The EMA 50 lies further below and has acted as a secondary dynamic support in earlier phases of the chart. The clustering of EMAs under price indicates a generally constructive short-term trend. 4. Possible Breakdown Area (Structure-Based) The dotted vertical measurement displayed on the chart illustrates the height of the wedge. This height is often used to project a distance, not as a signal, but simply to visualize how the pattern size compares with nearby price areas. The green “Target” box reflects this projected measurement placed below the wedge’s lower boundary, representing a hypothetical zone based solely on the wedge’s size. 5. Volume Context Volume appears higher during strong downward candles earlier in the chart, then stabilizes during the wedge. This fits a common observation where momentum can slow as patterns tighten. 📌 Summary (Neutral & Descriptive) Gold has been moving inside a rising wedge, showing higher highs and higher lows within a narrowing structure. Recently, price touched the upper boundary of the wedge and showed a mild pullback, indicating reduced momentum at that level. Price remains above several EMAs, reflecting ongoing short-term strength, while the pattern itself shows compression. A measured-move projection is drawn underneath the wedge to illustrate how its height compares with lower price zones if the structure were to resolve downward.
OANDA:XAUUSDShort
by Harry_Megat
BITCOIN → The hunt for liquidity before the fallBINANCE:BTCUSDT.P continues to update lows within the global downtrend. The retest of 91K confirmed the dominance of bears... The downtrend continues. The technical and fundamental situation for the crypto market is neutral to weak. Bearish pressure held back the attempt to rise relative to 91K. The market is weak and not ready for growth. The subsequent decline broke the local structure, which generally indicates a bear market, but after updating the local minimum to 83700, a countertrend correction is forming. Zone of interest/break-even zone - 89K - 90K. A quick retest of these levels could trigger a downward pullback. Resistance levels: 89K, 90K Support levels: 85,400, 83,400 A retest of the range boundary and zone of interest could trigger a liquidity squeeze and a further decline if the bears keep the price below these boundaries. Best regards, R. Linda!
Short
by RLinda
14
BTCUSD (2H) – Elliott Wave Completion + Breakout SetupBITSTAMP:BTCUSD Bitcoin has completed a clear 5-wave corrective structure, currently consolidating near a demand zone after sweeping liquidity around $87,300. Price is now attempting to break short-term structure, forming a potential reversal setup. A confirmed breakout above the $89,800–$90,300 resistance zone may trigger a bullish continuation toward the descending trendline and mid-range level. Key Scenarios ✅ Bullish Case 🚀 Break & hold above $90,300 → 🎯 Target 1: $95,800 → 🎯 Target 2: $105,100 (Extended target if trendline breaks) 📌 Entry Zone: $88,500–$90,300 📌 Stop Loss: $83,900 ❌ Invalidation: A strong break below $83,900 confirms bearish continuation toward the lower demand at $80,500. Levels to Watch Support: $87,300 / $83,900 Resistance: $90,300 / $95,800 / $105,100 ⚠️ This chart is for educational purposes only. Not financial advice.
BITSTAMP:BTCUSDLong
by Gold-Thoughts-by-Selena
8
AUD/USD eyes wedge breakoutAUD/USD starts the new month testing downtrend resistance dating back to the highs set on September 17. Coiling within a falling wedge, convention suggests a bullish breakout could see the pair retest .6700. Should we see a clean break above the downtrend, longs could be established above the level with a stop beneath for protection. Given the first attempt in holiday-thinned trade last Friday failed, some may prefer to wait for a close above the trendline before considering the trade. The November high of .6580 looms as the first topside test, although there’s no meaningful resistance until .6625, where price was capped for lengthy periods earlier in the year. If that level breaks, only minor resistance at .6660 stands between a retest of the September highs above .6700. The momentum picture remains mixed but is quickly shifting in favour of bullish setups, with RSI (14) now pushing higher above 50 while MACD has crossed the signal line from below and is moving quickly towards positive territory. Should these trends persist, it would favour bullish setups over shorts, increasing the appeal of the trade if a breakout occurs. Good luck! DS
Long
by FOREX.com
Selena | ETHUSD 1H – Bullish Continuation SetupCOINBASE:ETHUSD The recent rejection from the upper trendline created short-term corrective movement. Liquidity sweeps below minor support hint at accumulation, and as long as price remains above the invalid zone at 2899, bullish momentum is favored. Holding demand could fuel another expansion toward the next resistance block. Key Scenarios ✅ Bullish Case 🚀 Hold above Demand Zone (≈ 2990–3020) → → 🎯 Target 1: 3110 → 🎯 Target 2: 3180 → 🎯 Target 3: 3220 (Top Resistance) ❌ Bearish Breakdown 📉 Break below 2899 invalidation zone → Potential retracement toward 2755 – strong support zone → Deeper demand sits near 2621 if structure fully collapses. Current Levels to Watch Resistance 🔴: 3110 | 3180 | 3220 Support 🟢: 3020 | 2899 | 2755 ⚠️ Disclaimer: Educational analysis only. Not financial advice.
BITSTAMP:ETHUSDLong
by Gold-Thoughts-by-Selena
GRASIM – Price Compressing Toward Major Trendline SupportPrice is getting squeezed between a falling trendline and a rising support. This type of compression usually ends with a strong move. A clean descending trendline from the recent swing-high shows short-term selling pressure. A major rising trendline from the bottom still holds the structure. Price is drifting towards the intersection zone of both trendlines. If price taps the rising trendline and holds, a bounce + trendline breakout is possible. Save this setup — this zone decides the next trend.
NSE:GRASIMLong
by AlphaTradingStation
Selena | USDJPY 1H — Breakout Retest Setup | Bullish FX:USDJPY Market Overview A liquidity sweep occurred above previous range highs, followed by corrective price action. If price holds the entry zone and breaks the descending trendline with strength, bullish momentum may continue toward higher liquidity zones. Key Scenarios ✅ Bullish Case 🚀 If price respects the rising support and breaks above 156.60–156.80: 🎯 Target 1: 157.30 🎯 Target 2: 157.85 (liquidity sweep zone) ❌ Bearish Case 📉 A clean break below 155.80 invalidates bullish setup and may target lower demand. Current Levels to Watch Entry Zone: 155.90–156.20 Breakout Confirmation: Above 156.60 Target Zone: 157.30–157.90 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
Long
by Gold-Thoughts-by-Selena
JKCEMENT – Coiled inside a big wedgeMarkets rarely explode without building tension — this wedge might be that tension. JK cement's long-term support zone broadly intact, but short/medium-term trend has seen pressure. Recent weeks show lower highs , forming a downward sloping upper trendline. But there's a wider, long-term rising trendline at the bottom — forming a potential large contracting triangle / wedge-like structure on daily chart (as I marked). So, we are in a coil / compression phase. Price consolidating inside a wedge/triangle after prior swing down, while long-term support holds. That means either breakout or breakdown — but with risk-reward skewed toward bounce if support and structure hold. If price breaks above upper trendline with volume, upside could target previous swing highs. But if it breaks below support — risk of deeper correction exists. Save this chart. Wedges crack. This one might too. Best regards, Alpha Trading Station
NSE:JKCEMENTLong
by AlphaTradingStation
NGAS 1D - bulls waiting for the green lightOn the daily chart, Natural Gas has broken out of a falling wedge, but price remains below the MA200, while EMA still hovers above it - a mixed signal showing short-term hesitation within a longer-term downtrend. The 3.10–3.20 buy zone remains key - that’s where the retest area aligns with short-term support. If buyers can reclaim the EMA and push above the MA200, the next upside targets are 4.14 and then 4.92. Volume on the breakout supports growing bullish interest, while fundamentals - like rising seasonal demand - may soon add more fuel to the move. Tactically , watch how price behaves near MA200. Once EMA flips back on top, momentum could accelerate fast. Until then, the market’s like a gas burner waiting for that click - ignition pending
FX:NGASLong
by TotoshkaTrades
1
Elise : XAUUSD 2H — Breakout Retest Accumulation Setup |OANDA:XAUUSD Key Scenarios ✅ Bullish Case (Primary) A confirmed break and hold above 4135–4150 supply opens the door for bullish continuation toward: 🎯 Target 1: 4281 🎯 Target 2: 4374 (extended trendline & previous rejection zone) Bullish structure remains valid above 4035. ❌ Bearish Case (Invalidation) A clean close below the demand zone 4030–4000 would signal weakness, potentially sending price toward: Current Levels to Watch Demand Zone: 4035–4060 Supply / Breakout Zone: 4135–4150 Extended Resistance: 4281 / 4374 ⚠️ Disclaimer: This analysis is for educational purposes only — not financial advice. Always manage risk.
OANDA:XAUUSDLong
by Elise-Golden-Sparks
3