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Wedgepatterns

BTCUSD: Decline Movement ContinuesHello everyone, here is my breakdown of the current Bitcoin setup. Market Analysis From a broader perspective, the price action for Bitcoin has been bearish since it was rejected from the major Resistance Zone 2 near 118900. This initiated a downtrend that has since been developing within the confines of a large downward wedge pattern, creating a sequence of lower highs and lower lows. The most recent significant event was the breakdown below the key horizontal Resistance Zone 1 around the 112100 mark. After finding temporary support, the price is now in a corrective rally, heading back up towards the main resistance line of the wedge in a classic retest move. My Scenario & Strategy My scenario is based on the expectation that the dominant downtrend will continue. I'm anticipating that the price will complete this corrective bounce and touch the wedge's resistance line. Upon reaching this area, I expect sellers to show strength, reject the price, and cause a reversal that initiates the next impulsive move downwards within the overall structure. Therefore, the strategy is to watch for this rejection from the wedge's resistance. The primary target for this move is 106500 points, which aligns perfectly with the lower support line of the wedge pattern. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
BINANCE:BTCUSDShort
by Ratner
3
XAU/USD Technical Outlook – Short-Term Dip, Bigger Upside AheadHello guys. It is what I see: We can see that Gold is currently trading around $3,404, consolidating after a strong bullish move inside a rising wedge formation. The wedge has now broken out to the upside, and price action is showing a potential head and shoulders pattern near the top. Head and Shoulders: The left shoulder, head, and right shoulder are clearly visible, and the neckline is sitting around the $3,399–$3,400 zone. If price dips and retests this neckline, we could see a short-term bearish move toward the target of the head and shoulders around $3,399. This is a healthy pullback after the recent rally. Bigger Picture (Wedge): Even though we might see a short-term correction, the larger wedge breakout suggests continuation to the upside. The measured target of the wedge points toward $3,430, which lines up as the next resistance level.
OANDA:XAUUSD
by melikatrader94
9
XAUUSD Technical OutlookWhat I see! XAUUSD Technical Daily Outlook Gold (XAUUSD) is forming a falling wedge after the sharp drop from the 3,430s high - - a structure that often signals a potential bullish reversal. Price is consolidating inside the wedge, rejecting from the Daily FVG while holding the H4 demand zone at 3,320. A break above the wedge trend-line could spark an impulsive move toward the 3,375 BSL, with further upside into 3,439 if liquidity is cleared. The wedge has already completed five legs, adding confluence for a possible breakout soon. Conversely, failure to hold 3,320 may invite deeper retracement before bulls re-enter. This chart is presented for educational discussion of market structure and technical patterns only. It is not a trade signal or financial advice. Learn before earning!
FOREXCOM:XAUUSD
by Wave-Trader-Pro
2
Trading Strategy: Sell or Buy?Hello, it’s great to see you again! Let’s take a look at OANDA:XAUUSD today. By the end of the previous session, gold continued to gain strong upward momentum, with the precious metal climbing as high as $3,399. At the time of writing, the bullish drive remains intact, with price trading around $3,385. The gold market is witnessing safe-haven demand amid rising concerns over the independence of the U.S. Federal Reserve, following recent harsh criticism of Fed Chair Jerome Powell by President Trump. Currently, traders and investors are eagerly awaiting the PCE Price Index, set to be released on Friday. Personally, I expect this will be positive news for gold. Technical outlook : The bullish momentum is strong and well-supported. However, price is approaching a critical resistance level at $3,400 while forming a wedge pattern. As the wedge narrows, a breakout becomes more likely. I expect a short-term pullback before the uptrend resumes. What do you think about XAUUSD? Share your thoughts in the comments!
OANDA:XAUUSD
by Kevinn_Nguyen
18
Bitcoin Holds Above $113K but Faces Persistent Selling PressureBitcoin Holds Above $113K but Faces Persistent Selling Pressure Bitcoin remains range-bound despite a positive start to the day, trading near $113,011, up 1.8% in the past 24 hours. Earlier this month, the leading cryptocurrency reached a record high above $124,000 on optimism about interest-rate cuts. Since then, it has pulled back but is attempting to rebound from recent lows around $110,000, as President Donald Trump increases pressure on the Federal Reserve to lower rates. Lower interest rates typically boost demand for risk assets like cryptocurrencies and weaken the U.S. dollar, both factors supporting Bitcoin’s valuation. Hyblock’s liquidation heatmap shows BTC absorbing bids in the $111,000–$110,000 range during the weekend sell-off, with another liquidity cluster near $104,000. While a deeper drop toward $104K looks unlikely for now, institutional selling continues to outweigh retail demand, limiting upside potential. Traders seeking a consolidation phase should watch the anchored aggregated daily CVD for signs of easing sell pressure and shifting sentiment.
COINBASE:BTCUSDShort
by ProfessorSingapore
Gold Holds Near Highs, Wedge Pattern Signals Possible ShiftGold Holds Near Highs, Wedge Pattern Signals Possible Shift XAUUSD remains in a bullish trend since August 22, now trading around $2,370, just below a two-week high. The price is forming a Wedge pattern, often signaling a potential reversal. Analysts suggest monitoring key levels: - Rebound from the upper edge or - Break below the lower edge could trigger a Sell opportunity. Markets currently price in an 80% probability of a Fed rate cut in September, supporting gold’s safe-haven appeal. Political uncertainty adds to the bullish tone after President Trump moved to oust Fed Governor Lisa Cook, raising concerns over central bank independence. If political pressure on the Fed or trade tensions with India and China escalate, demand for gold could strengthen further.
SAXO:XAUUSDShort
by ProfessorSingapore
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
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
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
XNGUSD came to a global support lineXNGUSD came to a global support line Natural Gas has been declining since the beginning of June, forming the falling wedge. On Tuesday the price found support on a global trendline. The price is ready to reverse. Additionally, seasonals notice that shoulder season is about to get started, which historically means buying pressure for the natural gas, due to more natural gas is purchased before winter comes. Mid-term target may be the 3.4000 level.
CAPITALCOM:NATURALGASLong
by ProfessorSingapore
2
XAUUSD heads towards 3,380.00XAUUSD heads towards 3,380.00 Gold prices rose to 3,370.00 on Thursday, marking a third straight gain as traders bet on Federal Reserve rate cuts. The latest US CPI data eased tariff-inflation fears, and a cooling labor market supported easing expectations. Markets are near-certain of a 25 bps cut in September, with some eyeing a 50 bps move, backed by Treasury Secretary Scott Bessent’s call for a half-point cut. Geopolitical tensions, ahead of Friday’s Trump-Putin meeting on the Ukraine war, also bolstered gold, with Trump warning of “severe consequences” if talks fail. Despite this fundamentals, gold shows very weak dynamics, forming a rising wedge. Technically, we don't see any major buyer here and expect the price to decline towards 3,330.00 as a first major support level.
SAXO:XAUUSDShort
by ProfessorSingapore
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
EURUSD retested bearish wedge. Ready to decline?EURUSD retested bearish wedge. Ready to decline? EURUSD has been trading bullish since the beginning of August after disappointing NFP report data came out. By the end of last week price has come to a lower border of the wedge and SMA200 on 4-h chart, but failed to develop bullish momentum and pulled back from it. The asset shows weakness and further decline towards 1.14000 as a first target is expected. MACD is in the red zone.
Short
by ProfessorSingapore
EURUSD stops at the SMA200, ready to pullback.EURUSD stops at the SMA200, ready to pullback. The pair has been forming the bearish wedge since the April 2025 till July 2025. At the end of July the lower border of the pattern got broken and the price has rapidly reached the 1.14000 support level. Then the rebound from this level occurred and currently the price is retesting the lower border of the wedge from below. Additionally, the SMA200 is situated just above the current price, which is a fair argument for the price to pullback in the nearest future. The price is expected to decline with a first target of 1.14000.
Short
by ProfessorSingapore
Wedge Pattern: A Key to Trend Reversals and Continuations📈 Wedge Pattern: A Key to Trend Reversals and Continuations A wedge pattern is a technical chart formation that signals a potential reversal or continuation in the market. It’s formed when price moves between two converging trendlines — either sloping upward or downward — creating a narrowing range over time. There are two main types of wedge patterns: 🔻 Falling Wedge (Bullish) Formed during a downtrend or as a correction in an uptrend. Characterized by lower highs and lower lows, with the slope of the support line steeper than the resistance line. Typically signals a bullish reversal as momentum builds for a breakout to the upside. ✅ Confirmation: Break above the resistance line with volume surge. 🔺 Rising Wedge (Bearish) Appears during an uptrend or as a correction in a downtrend. Shows higher highs and higher lows, but the support line is steeper than the resistance line. Often leads to a bearish reversal, especially when volume declines into the pattern. ⚠️ Confirmation: Break below the support line with increasing volume. 🧠 Key Characteristics Volume tends to decrease as the pattern forms, indicating a pause in momentum. The breakout direction (up or down) determines whether it’s a continuation or reversal signal. Wedges can appear on any time frame and are useful for both day traders and long-term investors. 📊 Trading Tip Always wait for confirmation of the breakout before entering a trade. False breakouts can be common, especially in low-volume environments
FOREXCOM:XAUUSDEducation
by ProfessorSingapore
ETHUSD BROKE THE LOWER BORDER OF THE WEDGE. PRICE IS MOVING TOWAETHUSD BROKE THE LOWER BORDER OF THE WEDGE. PRICE IS MOVING TOWARDS THE LOCAL SUPPORT. Yesterday, Ethereum saw its largest monthly increase since July 2022, thanks to strong inflows into exchange-traded funds and increased activity in the Ethereum treasury. US exchanges are working to obtain regulatory approval for a standardized framework for listing crypto funds. Coinbase and JPMorgan have joined forces to provide Chase customers with access to crypto products. Despite these positive developments, the short-term outlook does not indicate a bullish setup. It appears that all the information has already been factored into the price. The pair moves towards the local support of 3,500.00. However, in the long term, these developments are favorable for investment.
COINBASE:ETHUSDShort
by ProfessorSingapore
U.S. NATURAL GAS SUCCESSFULLY REBOUNDED FROM FIRM SUPPORT.U.S. NATURAL GAS SUCCESSFULLY REBOUNDED FROM FIRM SUPPORT. Yesterday the natural gas storage report came out higher than expected. U.S. natural gas inventories increased by 48 billion cubic feet last week to 3,123 Bcf, increasing the surplus over the five-year average to 195 Bcf from 171 Bcf the week before, the EIA reports. The storage increase was bigger than the 24 Bcf average for the week, and above the 36 Bcf estimate. However, the price rised on 2.35% afterwards, supported by increased volume, which indicates the strength of the level. The upward movement towards the 3.3000 level is highly expected. Additionally, seasonals suggest us that current prices may become the lowest till the end of the year. Historically, since August the natural gas prices increase in anticipation of a new heating season and higher energy demand (pic2).
CAPITALCOM:NATURALGASLong
by ProfessorSingapore
ETHUSD MAY FORM THE BEARISH WEDGE. THE PRICE IS GETTING READY TOETHUSD MAY FORM THE BEARISH WEDGE. THE PRICE IS GETTING READY TO DROP. ETHUSD has been moving bullish since July 8. However since July 21 the price started to form the bearish wedge with bearish divergence on RSI on 4-h timeframe. A bearish wedge is a bearish reversal pattern in an uptrend, where the price forms higher highs and higher lows within converging upward trendlines, signaling weakening bullish momentum and a potential downward reversal. To trade, identify the wedge with declining volume and confirm with RSI or divergence. Sell or short on a breakdown below the lower trendline with a volume spike. Set a stop-loss above the recent high or upper trendline. Target the wedge’s height projected downward from the breakdown or the next support level with a 1:2 risk-reward ratio. We expect that the price will establish another bullish momentum and the price will go towards upper border of the wedge, slightly below the 4,100.00 resistance level and will decline towards 3,500.00 support level afterwards.
COINBASE:ETHUSDShort
by ProfessorSingapore