Get started

Parallel Channel

XAUUSD Technical Outlook | Bullish Setup AheadGold has been trading in a consolidation zone between ~3,300 and ~3,400 after a strong bullish impulse. The price action has respected a parallel channel, with clear resistance forming at the 3,402 level. 🔍 Key Observations: Price is forming higher lows, showing buying pressure building up. Resistance at 3,402 is being tested multiple times. Break above this level could trigger a move towards 3,440+, aligning with the upper bound of the channel. Consolidation indicates accumulation – potential for breakout. 📊 Possible Trade Setup: ✅ Breakout confirmation above 3,402 🎯 Target: 3,440 📉 Invalidated if price falls below 3,340 with strong bearish volume Trading Tip: Always wait for breakout confirmation with volume or candle close above key levels. Manage your risk accordingly. What’s your outlook on Gold? Bullish or bearish from here? 💬 #XAUUSD #Gold #Breakout #TechnicalAnalysis #TradingView #PriceAction
OANDA:XAUUSDLong
by James-Pipstr
USDCAD Wave Analysis – 12 June 2025- USDCAD broke key support level 1.3630 - Likely to fall to support level 1.3500 USDCAD currency pair recently broke the key support level 1.3630, which previously formed the daily Hammer reversal pattern at the start of June. The breakout of the support level 1.3630 should accelerate the active impulse wave C of the ABC correction (2) from January. USDCAD currency pair can be expected to fall to the next support level 1.3500 (target price for the completion of the active impulse wave C).
Short
by FxProGlobal
Platinum Wave Analysis – 12 June 2025 - Platinum broke resistance zone - Platinum to rise to resistance level 1350.00 Platinum continues to rise strongly after the recent breakout of the resistance zone between the key resistance level 1200.00 and the resistance trendline of the accelerated up-channel from May. Platinum previously broke another up channel from April – which signalled the acceleration of the active impulse waves 5 and (3). Platinum can be expected to rise to the next resistance level 1350.00 (target price for the completion of the active impulse waves 5 and (3).
CAPITALCOM:PLATINUMLong
by FxProGlobal
1
IBM Approaching Channel Resistance – Bear Call Spread Setup?IBM has rallied strongly within a clear ascending channel since late 2023, pushing recently into all-time highs and testing the upper boundary of the structure. This level has acted as resistance multiple times in the past — and we may now be approaching another potential rejection zone. 🔍 Key Technical Context: ✅ Price trading near ATHs, pressing against the top of the rising channel. 🟦 Structure remains bullish, but extended and overbought. 🔄 Prior touches of channel highs led to pullbacks (see red markers). 🧲 A demand zone remains intact around $266–270, but price is currently stretched above it. 🧠 Options Strategy Outlook: With volatility elevated and price near structural resistance, this could be a solid setup for a Bear Call Spread: Sell Call near: $285–290 Buy Call near: $295+ (to define risk) Thesis: Price will remain below upper channel or stall around ATHs. 📌 Summary: IBM is in a strong uptrend — but technical conditions suggest exhaustion risk near channel resistance. No short signals yet, but for non-directional traders, this could be a low-risk zone to build income-based spreads. I'll be monitoring for: 🕯️ Reversal patterns at resistance 📉 Breakdown below $278 = early weakness ❌ Break and close above channel = invalidates idea
NYSE:IBMShort
by fredcast80
IBM Wave Analysis – 11 June 2025 - IBM broke key resistance level 270.00 - Likely to rise to the resistance level 290.00 IBM broke above the key resistance level 270.00 (which stopped the previous impulse wave (1) in the middle of May). The breakout the resistance level 270.00 accelerated the minor impulse wave 3 of the intermediate impulse wave (3) from the end of May. IBM can be expected to rise to the next resistance level 290.00 (target for the completion of the active impulse wave 3).
NYSE:IBMLong
by FxProGlobal
AES | Bounce in Motion from Multi-Decade Support – 75% Upside 📍 Ticker: NYSE:AES (AES Corporation) 📆 Timeframe: 1M (Monthly) 📉 Price: $11.48 📊 Volume: 109.4M 📈 RSI: 40.20 (Oversold rebound zone) 🔍 Technical Setup: NYSE:AES has just bounced from the lower boundary of a 30-year ascending parallel channel, a zone that has historically marked major long-term bottoms. 🟢 Green arrow: Rebound from long-term trendline support 📏 Targeting reversion to the channel median 🔹 Pattern context: Mean-reversion strategy inside macro uptrend 🧠 Trade Plan & Price Target: ✅ Entry Zone: $11.00–$11.50 ❌ Stop-Loss: Close below $9.50 (channel structure breakdown) 🎯 Target: $20.00 → 📈 Return: +75.6% from current levels ⚠️ Key Insights: RSI near historical bounce zone (40) Major volume surge may signal capitulation AES is historically cyclical within this macro structure — mean reversion is likely Short interest elevated — potential for short-covering rally 💬 Will AES power a multi-quarter reversal like it did in 2002, 2009, and 2020? 📈 Add it to your radar if you’re watching for long-cycle rebounds. #AES #MeanReversion #LongTermChannel #Utilities #ValueTrade #TargetTraders
NYSE:AESLong
by TargetTraders
PRMB | Breakdown in Progress – Setting Up for a 200% Swing Buy📍 Ticker: NYSE:PRMB (Primo Brands Corporation) 📆 Timeframe: 1W (Weekly) 📉 Price: $28.84 📊 Volume: 32.38M 📈 RSI: 40.95 (Bearish momentum, nearing bounce zone) 🔍 Technical Setup: PRMB has broken below a steep sub-channel and is targeting the midline and base of a broader long-term ascending channel, offering a high-reward opportunity for medium-term traders. 📉 Short-term trend: Bearish correction 📈 Long-term trend: Still intact within rising channel 📍 Support zone: $20.70 – multi-year horizontal + lower channel convergence 📊 RSI: Oversold territory, potential for bullish divergence 🧠 Trade Plan & Price Targets: 📥 Wait for price to hit $20.70–21.00 zone (major confluence zone) ✅ Entry Range: $21.00–$22.00 ❌ Stop-Loss: Below $19.00 (channel breakdown invalidation) 🎯 Target 1: $35.00 → 📈 Return: +64.8% 🎯 Target 2: $72.00 → 📈 Return: +229.3% ⚠️ Key Insights: Volume spikes during selloff = panic selling, possible capitulation RSI forming base near 40 → reversal often begins here historically Macro trend channel still fully intact — just correcting within range Steep reward potential if entry is timed at support 💬 Will PRMB complete the retest and deliver a massive swing? 🎯 Precision setups like this don't come often — add it to your watchlist now. #PRMB #ChannelTrading #SwingSetup #LongTermReversal #HighReward #TechnicalSetup #TargetTraders
NYSE:PRMBLong
by TargetTraders
ADM | Inverse Head & Shoulders + Parallel Channel = Reversal📍 Ticker: NYSE:ADM (Archer-Daniels-Midland Company) 📆 Timeframe: 1D (Daily) 📉 Price: $48.74 📊 Volume: 2.82M 📈 RSI: 54.80 (Momentum building) 🔍 Technical Setup: NYSE:ADM is completing a textbook Inverse Head & Shoulders at the bottom of a rising channel, hinting at a structural reversal. 🟢 Green arrow signals current buying opportunity 🔺 Red arrows highlight expected resistance zones on the way up 🟣 Channel provides a clean roadmap for a stair-step recovery structure Pattern Highlights: Well-defined L–H–R shoulders Price reclaiming the midline of the channel RSI recovering above 50, signaling shift in momentum 🧠 Trade Plan & Price Targets: ✅ Entry Range: $48.50–$49.00 ❌ Stop-Loss: Close below $46.00 (invalidation of channel + pattern) 🎯 Target 1: $52.50 → 📈 Return: +7.7% 🎯 Target 2: $56.50 → 📈 Return: +15.9% 🎯 Target 3: $63.00 → 📈 Return: +29.3% ⚠️ Technical Notes: Pattern is visible across multiple timeframes — weekly structure aligns with daily bullish reversal RSI breakout + neckline test = potential breakout confirmation Earnings volatility in rear-view mirror – momentum favored near-term 💬 Is ADM finally turning the corner after months of weakness? 📌 Like & Follow for more structured swing setups! #TargetTraders #ADM #HeadAndShoulders #ChannelBreakout #SwingTrade #InverseHnS #TechnicalSetup
NYSE:ADMLong
by TargetTraders
HE | Inverse Head & Shoulders Breakout Setup / target +13%-56%📈 Ticker: NYSE:HE (Hawaiian Electric Industries) 📆 Timeframe: 1D (Daily) 📉 Price: $10.59 📊 Volume: 1.23M 📈 RSI: 50.96 (Neutral, ready for breakout) 🔍 Technical Setup: A classic Inverse Head & Shoulders has formed just above the lower boundary of a multi-month parallel ascending channel. 🟩 Key Features: Symmetrical reversal structure (L–H–R Shoulders) Horizontal neckline around $12.00 Trading just above channel midpoint with supportive RSI action 🟢 Green arrow marks support near $10.50 🔴 Red arrows signal likely resistance areas 🧠 Trade Plan & Price Targets: ✅ Entry Zone: $10.50–$10.70 ❌ Stop-Loss: Below $9.90 (channel breakdown + structure failure) 🎯 Target 1: $12.00 → 📈 Return: +13.3% 🎯 Target 2: $13.80 → 📈 Return: +30.3% 🎯 Target 3: $16.50 (upper channel resistance) → 📈 Return: +55.8% ⚠️ Technical Notes: RSI at 51 – neutral zone, ready to build momentum Volume declining — watch for breakout surge above $11.50 Channel provides structure for swing trades and scaling 💬 Is HE about to energize a trend reversal or flicker out? 📌 Comment your thoughts and follow for more high-conviction setups! #TargetTraders #HE #Utilities #InverseHnS #BreakoutTrade #SwingTrading #TechnicalAnalysis
NYSE:HELong
by TargetTraders
EURJPY Wave Analysis – 11 June 2025- EURJPY broke the key resistance level 165.00 - Likely to rise to the resistance level 168.00 EURJPY currency pair recently broke the key resistance level 165.00 (which has been steadily reversing the pair from the start of November, as can be seen from the daily EURJPY chart below). The breakout of the resistance level at 165.00 accelerated the active sub-impulse wave 3 of the higher-order impulse wave (C) from April. EURJPY currency pair can be expected to rise to the next resistance level 166.50 (former multi-month high from November) – the breakout of which can lead to further gains toward 168.00.
Long
by FxProGlobal
Boeing (BA): Watching for a Break Above 218.80NYSE:BA has a strong chance of breaking above the 218.80 level , with a potential move toward 221.98 . I plan to enter 1 tick above 218.80, with a stop-loss based on the 5-minute ATR (period 10). 🔍 Technical Outlook: BA is currently moving within an upward ABCD channel. The projected upside is capped by a strong resistance zone at 221.98 – a level derived from the daily chart and previous price action. The market may or may not react to it, but it’s a logical target within a solid risk-to-reward setup. One aspect I particularly like about this setup is the market’s inability to close significantly below the previous pivot high at 215.80. This suggests underlying strength. If we see a confident move above resistance, the trade could be triggered with momentum.
NYSE:BALong
by Zechyx
GBPUSD → Countertrend retest of support before growthFX:GBPUSD is forming a countertrend correction to the zone of interest and liquidity while the dollar is stagnating. The market is waiting for a fundamental driver. Within the uptrend, a countertrend correction is forming towards the liquidity zone at 1.342. Against this backdrop, the dollar is correcting and contracting towards support. The currency pair's price continues to decline, but within the uptrend, breaking the local structure but not the market character. The focus is on the current trading range of 1.342 - 1.359. A retest of support could bring the price back to resistance. Support levels: 1.3421, 1.339 Resistance levels: 1.3507, 1.3593 A quick retest of the liquidity zone at 1.3421, the inability of GBPUSD to continue falling, a false breakdown, and the price consolidating above 1.3421 would be a good indication that buyers are trying to hold the market. In this case, we could see the price strengthen. Best regards, R. Linda!
Long
by RLinda
1
ETH - Finally Support!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈ETH has been overall bullish trading within the flat rising channels marked in blue. Moreover, the green zone is a strong support zone! 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendlines acting as non-horizontal support. 📚 As per my trading style: As #ETH approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
15
Filecoin Wave Analysis – 10 June 2025 - Filecoin reversed from strong support level 2.25 - Likely to rise to resistance level 2.875 Filecoin cryptocurrency recently reversed up from the strong support level 2.25 (which has been reversing the price from the start of April). The support level 2.25 was further strengthened by the lower daily Bollinger Band and by the support trendline of the daily down channel from the middle of May. Filecoin cryptocurrency can be expected to rise to the next resistance level 2.875 (top of the minor correction ii from the end of May).
Long
by FxProGlobal
1
Chainlink Wave Analysis – 10 June 2025- Chainlink broke daily down channel - Likely to rise to resistance level 16.00 Chainlink recently broke the resistance trendline of the daily down channel from the start of May (which encloses the previous minor ABC correction 2). The breakout of this down channel accelerated the active impulse wave 3, which started earlier from the key support level 13.00. Chainlink can be expected to rise to the next resistance level 16.00 (top of the minor correction ii from the end of May).
BINANCE:LINKUSDLong
by FxProGlobal
GOLD - Price can continue to fall to bottom part of flatHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price grew inside a rising channel, where it reached $3050 level and then broke it. After this, price reached resistance line of channel and then made a correction to support line and then made an upward impulse. Next, price exited from channel and continued to grow to $3430 level and even rose higher, but soon turned around. Price made a fake breakout of this level and then started ot trades inside a flat, where it fell to bottom part. Also, it made a gap, and later Gold started to grow to a resistance area, and when it reached this area, it bounced down. At the moment, I expect that Gold will grow to resistance area and then drop to $3135 bottom part of flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by WalterMoon
7
MarketBreakdown | EURUSD, AUDUSD, USDCHF, EURCAD Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 Though the pair remains quite weak for the last few days, I strongly believe that bulls have unrealized potential. The pair may continue rising and reach the underlined yellow resistance soon. 2️⃣ #AUDUSD daily time frame 🇦🇺🇺🇸 The price is testing a significant horizontal resistance. Its bullish breakout will provide a strong bullish signal. The pair will go way higher then. 3️⃣ #USDCHF daily time frame 🇺🇸🇨🇭 The price is stuck within a narrow consolidation range. I think that a sideways movement is going to continue and the price will drop to the support of the range soon. 4️⃣ #EURCAD daily time frame 🇪🇺🇨🇦 The price action is contracting within a symmetrical triangle pattern. Such a pattern signifies a deep indecision. A breakout of one of its boundaries will indicate the side of the next market move. Do you agree with my market breakdown? ❤️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.
Long
by VasilyTrader
1
GOLD → Hunt for liquidity ahead of continued correctionFX:XAUUSD is strengthening due to uncertainty while the dollar consolidates. Amid heightened volatility, a retest of the 3340 liquidity zone may form, and if buyers fail to keep the price above this zone, gold may form a correction Demand for the dollar is supported by the rise in USD/JPY after soft comments on interest rates by Bank of Japan Governor Ueda. Gold is responding with a correction. Traders remain cautious ahead of the outcome of the second day of trade talks between the US and China in London. Donald Trump confirmed that dialogue with Beijing is continuing, but key differences remain. Investors are also awaiting US inflation data (CPI), which could determine the further dynamics of the dollar and gold. Meanwhile, inflation expectations in the US fell from 3.6% to 3.2% in May. Technically, gold broke the structure and confirmed key resistance during the correction. A hunt for liquidity is possible before the decline continues towards the key target of 3275. Resistance levels: 3340, 3361 Support levels: 3301, 3275 The price is forming a new trading range of 3340 - 3301 (3294). Before declining, especially if the fundamental background changes to positive as negotiations progress, gold may test the liquidity zone of 3340 and form a false breakout, which will trigger a continuation of the correction to 3275. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
15
GOLD → Correction before a decline or continuation of the trend?FX:XAUUSD is testing the liquidity zone during the Asian session and forming a false breakout. The metal is recovering, but the fundamental background remains unstable... On Monday, gold is holding steady at around $3,300 amid a weaker dollar and caution among traders ahead of US-China talks and the release of US inflation data (CPI) on Wednesday. Strong NFP data for May strengthened the dollar and lowered expectations for a Fed rate cut. However, domestic problems in the US are putting pressure on the currency... Markets are adjusting positions ahead of CPI. Geopolitics and domestic unrest in the US are holding back gold's decline, despite possible optimism about a trade deal. Technically, the trend is bullish, with the price previously breaking the structure but rising in the Asian session after a false breakdown of the order block and the 3300 liquidity zone. Further movement depends on 3330 - 3340 Resistance levels: 33301, 3339, 3375 Support levels: 3301, 3275 The price is heading towards 3330-3340 for a retest. If the dollar continues to decline and gold manages to consolidate above 3340, the bullish trend may continue. BUT! A false breakout of the 3330-3340 zone could trigger a further decline after the bullish structure breaks down. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
10
Bitcoin Wave Analysis – 9 June 2025 - Bitcoin broke daily down channel - Likely to rise to resistance level 110,000.00 Bitcoin cryptocurrency recently broke the resistance trendline of the daily down channel from May (which encloses the previous ABC correction 2 from the end of May). The breakout of this down channel accelerated the active minor impulse wave 3 of the intermediate impulse wave (3) from the start of April. Given the clear daily uptrend, Bitcoin cryptocurrency can be expected to rise to the next resistance level 110000.00 (which reversed the price in January and May) – the breakout of which can lead to further gains toward 115000.00.
BINANCE:BTCUSDLong
by FxProGlobal
"GBP/USD is cooking inside a trianglePair: GBP/USD Timeframe: 4H Strategy: Elliott Wave + Triangle Pattern + Breakout Formation: Contracting Triangle – Wave 1 to 5 Risk-Reward: High Probability Setup Status: Pre-breakout phase 🔍 Technical Breakdown: A clean contracting triangle is forming, completing all 5 internal waves within the structure. Wave 5 looks exhausted and price is rejecting trendline resistance. Expecting a bearish breakout from the triangle. Target zone = 1.34759, aligning with previous liquidity + measured move. Entry area refined with supply zone + minor structure break (as seen in inset schematic). 🎯 Target: 1.34759 🛑 Stop Loss: Above triangle resistance 🟢 Entry Trigger: After breakout + retest or SMC confirmation This setup matches Elliott Wave’s triangle structure behavior – typically occurring before the final push in a larger correction or continuation.
Short
by Greenfireforex
1