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Wedge

Gold can exit from wedge and rebound down from resistance levelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price entered to downward wedge, where it at once started to decline and soon reached a resistance level, which coincided with the seller zone and broke it. Next, the price continued to fall and later declined to support line of the wedge, breaking the support level as well. But when Gold touched the support line, it at once made a strong impulse up to the seller zone, breaking the support level one more time. Then price little grew higher than the seller zone, after which it turned around and made a correction to the support level, breaking the 2690 level one more time. After this, Gold some time traded near the support level and then backed up to the seller zone rose higher than this area again, and then rebounded down to the support line of the wedge. Then price turned around and started to grow and in a short time rose almost to the resistance line of the wedge. So, in my opinion, Gold can exit from the wedge, reach resistance level, and then start to decline. For this reason, I set my TP at 2620 points, which coincides with the support line of the wedge. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
5
Bitcoin is Ready to Pump Again==>>Short-term!!!As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) fell to the Heavy Support zone($93,400-$90,000) . Bitcoin is moving in a Heavy Support zone($93,400-$90,000) near the Support line . According to the theory of Elliott waves , it seems that Bitcoin has completed the first 5 downward waves , and we can wait for upward corrective waves . Bitcoin has completed two corrective waves in the 15-minute time frame , and we can wait for the next corrective wave . From the point of view of Classical Technical Analysis , it seems that Bitcoin has formed a Falling Wedge Pattern in the 15-minute time frame , and if Bitcoin breaks the upper line of this pattern, we can confirm this pattern. I expect Bitcoin to rise to at least $95,170 AFTER breaking the Upper line of the Falling Wedge Pattern . ⚠️Note: If Bitcoin breaks the support line, we can wait for the Heavy Support zone($93,400-$90,000) to break.⚠️. ⚠️Note: In general, if you open a Long position, you can keep it up to the Resistance zone($96,680-$95,520) or Risk-Free your position.⚠️ 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
33
GOLD (XAUUSD): Intraday Analysis & Bullish Outlook As I posted earlier, Gold successfully violated a significant horizontal intraday/daily horizontal resistance. Retesting the broken structure, the market continued growing. The price started to respect the boundaries of a rising wedge pattern. I believe that we can anticipate a further bullish continuation within that next week. The final destination for the buyers is 2716 resistance. With a high probability, it will be reached soon. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
2
KSMUSDT Setup: Will Bulls Step In, or Are We Heading Lower?Yello, Paradisers! Are you keeping an eye on KSM? This setup is shaping up for either a strong bullish recovery or a critical breakdown—and it all hinges on one key support zone. Let's break it down! 👇 💎KSMUSDT is currently showing a proper retracement within a descending channel, which typically signals a high probability of a bullish move ahead. But here’s the catch: the bulls need to reclaim momentum from a critical support zone before we see a confirmed reversal. 💎If KSMUSDT grabs liquidity below and forms a bullish I-CHoCH (Internal Change of Character) on the lower timeframes, it will greatly increase the likelihood of a strong bullish move. 💎However, if we see panic selling or a deeper retracement, we can expect a bounce from the stronger support zone below. At that point, look for bullish patterns like a W formation or an inverse head and shoulders on lower timeframes to confirm the move. 💎If KSMUSDT breaks down and closes a candle below the strong support zone, this will invalidate our bullish idea entirely. In that scenario, it’s best to stay patient and wait for a more favorable price action setup. Stay disciplined, Paradisers! Remember, it’s all about waiting for the highest probability moves. Jumping in too early can cost you—so keep a close eye on how the price reacts around these key zones. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
$NYSE:NRGV poised for a breakout with multiple Price TargetsThe global push towards a cleaner energy future is accelerating, but a significant piece to the puzzle remains: the intermittency of renewable energy sources like solar and wind. This challenge has fueled a market for energy storage solutions. Energy Vault ( NYSE:NRGV ) develops sustainable energy storage solutions designed to utility-scale energy storage for grid resiliency. The company's proprietary, gravity-based Energy Storage Technology and the Energy Storage Management and Integration Platform are intended to help utilities, independent power producers and large industrial energy users. The company recently announced a significant 1.0 GWh energy storage project in Australia, which was highlighted by the CEO in a recent interview with MarketBeat's Bridget Bennett. Energy Vault's most recent project serves as a testament to its unwavering commitment to global expansion, underscored by the recent recognition it received from TIME magazine as one of the Best Inventions of 2024 for its groundbreaking gravity energy storage technology. Analysis Looks like this is setting up to break the $2.56 resistance line. Observations: This appears to be ready to break out of multiple patterns, which will present multiple near term price targets $1 upside (~$4)... very close to the head and shoulders pattern PT of $3.80. Falling wedge pattern PT of $7.17 - Squeeze momentum is building and firing. - Current volume doesn't come close the the recent spike, but it is above the MA volume. Entry Point ~$2.60 (or above) - after a closing above the $2.56 resistance
NYSE:NRGVLong
by dzygadlo
5
Nano market cap RC365 Holding to explode 10,000% / 100x ???** high risk, tiny market cap ** On the above 4 day chart price action has corrected 99% since mid 2023. A number of reasons now exist for a bullish outlook, they include: 1) Price action and RSI resistance breakouts. 2) Support on past resistance since October last. 3) Strong positive divergence. Multiple oscillators print positive divergence with price action. 4) Should the monthly candle close as is (below), then a rapid move to the 20 Pounds area followed by a move to 126 should be observed. 5) The forecast to 140 is taken from the top and lower wedge touch points. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: Seriously small position size Timeframe for long: This month Return: 100x Stoploss: N/A Monthly chart
LSE:RCGHLong
by without_worries
Falling wedge on Bitcoin - A bullish signal - End of correction?I can see a falling wedge or flag pattern on the BTC-USD chart. The price hit the support zone around 92K and triggered a bullish price action that might be the end of the correction. I expect a short-term reversal from a bearish to a bullish trend in a neutral medium-term trend as long as the price stays within the wedge or flag. If the price breaks the pattern up, the medium-term trend could change into bullish again. If the trends turn bullish, the price might attempt to break the resistance zone around $105k by March 2025.
BINANCE:BTCUSDLong
by Elysian_Mind
Revolve Group, Inc. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Revolve Group, Inc. Stock Quote - Double Formation * 25.00 USD | Area Of Value * Continuation Argument)) At 27.50 USD | Subdivision 1 - Triple Formation * 012345 | Completed Survey | Short Set Up | Subdivision 2 * (Neckline) At 32.50 | Subdivision 3 * Daily Time Frame | Entry Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:RVLVShort
by TradePolitics
Allakos Inc. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Allakos Inc. Stock Quote - Double Formation * ((Wedge Structure)) | Completed Survey * 1.50 USD | Area Of Value | Subdivision 1 - Triple Formation * Numbered Retracement | Subdivision 2 * (Neckline) At 0.85 USD | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
CAPITALCOM:ALLK
by TradePolitics
Nextera Energy(Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Nextera Energy(Extended Hours) - Double Formation * ((Wedge Structure)) | Completed Survey * 012345 | Wave Count | Entry Bias | Subdivision 1 - Triple Formation * 88.50 USD | Area Of Value | Subdivision 2 * Numbered Retracement | Subdivision 3 * Daily Time Frame | Behavioural Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:NEE
by TradePolitics
More pain ahead for NZDUSDThe New Zealand Dollar (NZDUSD) is nearing its 2022 low of 0.5510, having dropped 809 pips from October’s high. While some traders see this as an oversold market ripe for buying, the overall outlook remains bearish as long as we trade below this week's high of 0.5692. Moreover, a large wedge pattern targets 0.53, suggesting further downside below the 2022 low. Are you leaning bullish or bearish? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
Gold Next Expected Move as respecting to Elliott WaveHello Traders! Gold is Respecting well to Elliott Wave as all we know that its time for corrective moves in gold and on Thursday 09/01/2025 gold took good move in upside direction. its the clue for strong bearish trend as Elliott wave also expecting till 2487 which is very good move for sellers. Chart Pattern also showing bearish trend as we can see double top and rising wedge in H4 and expecting target of 2571 which is also good move almost 1000 pips. Support: 2649.300 Resistance: 2695.600 Key Level: 2670 Looking for good selling area to take entry till that i will wait and will not rush in this situation we can see selling area from 2676-2681 Traders if you like my idea then kindly support my idea and follow me for more analysis
OANDA:XAUUSDShort
by GoldMasterTrades
GOLD - Price can rise a little and then make correction movementHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price grew inside rising channel, where it at once broke $2600 level and continued to grow next. Soon, price reached $2635 level, but at once turned around and made a small correction, after which continued to grow. Price reached $2635 level again and then dropped to support area, exiting from a channel and entering to wedge. In wedge, price made an upward impulse from support line to resistance line, breaking $2600 with $2635 levels. Gold made a correction to support line, and then bounced up to resistance line and recently exited from wedge too. Now, in my mind, XAU can rise a little and then make a correction movement to $2645 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
3
FIL/USDT Local trend. Wedge. Price squeeze. 30 06 2024Logarithm. Time frame 1 day. 🟣 Local trend . Part of the secondary trend, horizontal channel zone with a step of 372% external channel /180% internal channel, in which a descending wedge is formed. Now there is a local price squeeze, at the support zone of the inner channel. Also superimposed is a slightly modified Gann fan, to understand the dynamic support/resistance zones during trend development and the time of reaching the price range. Percentages to key support/resistance levels are shown in cases of exit/non-exit from this zone are shown. Line chart (without market noise). 🔵 Main trend . Formation of a large pump bowl, price in the second phase, that is in a horizontal channel (accumulation zone). FIL/USD Major trend. From a high of $237 -99% Published on 01/22/2023 (1.5 years ago). All current. A set range has formed. Follow the link and click play on the chart. Any buying expensive / cheap in this range is acceptable from the position of not only the main, but also the secondary trend of price movement development. But, still set adequate targets from the position of the trend and time of development of the cycle. US. Main trend (without market noise) of this American cryptocurrency for 06 2024
Long
by SpartaBTC
4
Gold is Ready to Pump Again==>>Short-term!!!Gold ( OANDA:XAUUSD ) is currently moving near the Resistance zone($2,670-$2,653) and the 50_SMA(Daily) . Regarding Classic Technical analysis , Gold is moving in the Ascending Broadening Wedge Pattern . According to the theory of Elliot waves , it seems that Gold has completed microwave 4 , and we should wait for microwave 5 . I expect that Gold can have an upward trend in the coming hours and can attack the Resistance zone($2,670-$2,653) for the umpteenth time. ⚠️Note: If Gold breaks the Support zone($2,639-$2,630), we can expect more dumps⚠️. 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
5
EURO - Price can fall to support line of channel and bounce upHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A few moments ago price declined inside wedge, where it broke $1.0770 level and declined to $1.0335 level. Then price turned around and bounced up, making a gap and exited from wedge, after which continued to fall in channel. Inside falling channel, Euro rose to resistance line first and then bounced and dropped to $1.0335 level. After this movement, price some time traded near this level inside resistance area and even later fell to support line of channel. Euro tried to back, but when it entered to resistance area, it at once turned around and fell back. Now, I think that Euro can fall to support line of channel and then bounce up to $1.0450, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
Euro can break support level and drop to 1.0240 points in wedgeHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price a few moments ago declined inside the downward channel, where it broke the 1.0485 level, which coincided with the seller zone. Then price exited from the channel and continued to fall in a broadening wedge, and later reached a support level, which coincided with the buyer zone. Euro some time traded near and then started to grow to a resistance line of wedge. When the price reached this line, it turned around and started to decline. So, in a short time, the EUR declined to the 1.0345 support level, broke it, and declined to support line of the broadening wedge. But a not long time ago it turned around and rose to support level back. Also recently, the Euro broke this level and now trades very close, so, in my mind, the price can rise a little more, after which starts to decline. Firstly price can decline to the support level, break it, and make a retest, or at once continue to decline without retesting inside the broadening wedge. For this case, I set my TP at 1.0240 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7