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Parallel Channel

STZ | Reversal Setup – 35-Year Channel Support + Falling WedgeTicker: NYSE:STZ (Constellation Brands Inc.) 📆 Timeframe: 1W (Weekly) 📉 Price: $166.74 📈 Pattern: Descending wedge + long-term parallel channel from 1989 📊 Pattern Breakout Probability: ~69% in favor of bullish reversal 🔍 Technical Setup: STZ is currently testing the lower bound of a macro rising channel going back to 1989 — a level historically associated with major market bottoms. At the same time, price is compressing inside a descending wedge, a high-probability bullish reversal structure. 📊 According to historical chart pattern statistics, falling wedges break upward ~68% of the time, especially when accompanied by rising volume and multi-decade support. 🧠 Trade Thesis: 📥 Buy Zone: $160–$170 ⛔ Stop-Loss: $150.79 (below wedge support, could be an increasing trailing stop) 📐 Probability of Upward Breakout: ~69%, based on classical pattern statistics 🎯 Upside Targets & ROIC (from $166.74): Target Price Return 🎯 Target 1 $218 +31.2% 🎯 Target 2 $257 +54.2% 🎯 Target 3 $273 +63.8% ⚠️ Why This Setup Is Exceptional: ✅ 35-year rising channel support — rarely tested ✅ Descending wedge compression = bullish tension ✅ Volume spike and price rejection = signs of bottoming ✅ Statistically supported pattern → ~7 in 10 chance of breakout 💬 STZ combines deep technical structure with statistically supported probabilities. This is the kind of trade setup where structure, price, and probabilities align. #STZ #FallingWedge #ChartPatterns #SwingSetup #TechnicalBreakout #TargetTraders
NYSE:STZLong
by TargetTraders
Bitcoin can turn around from seller zone and start to declineHello traders, I want share with you my opinion about Bitcoin. The price previously broke above the support line and made a strong bullish move from the buyer zone (99300–100500 points). After the breakout, the price started rising steadily and is now approaching the Seller Zone (108500–109500), which also coincides with the resistance line of the downward channel. This area has shown strong bearish pressure in the past. Every time the price entered this zone, it quickly reversed. It’s a key area where many traders seek short-term opportunities. Currently, price is just entering this zone again and showing early signs of weakening momentum. Given the channel's structure, past price behavior near this resistance level, and the presence of the seller zone, I expect BTCUSD to turn around soon. Once the price rejects this level, I anticipate a reversal and a move back into the channel, continuing the downward trajectory. My first target is set at 103000 points, near the center of the range and above the support level (100500). This area has been tested multiple times before and may act as a strong buffer again. 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.
THINKMARKETS:BTCUSDShort
by LegionQ8
26
AUDUSD Breakout ascending channel and consolidation breakout 1D 📊 AUD/USD Technical Breakdown – 1D Time Frame The Aussie has officially broken out of both the ascending channel and the consolidation phase, signaling strong momentum ahead. 🚀 📍 Entry Level: 0.65800 🔁 Possible Retest Zone (Support): 0.64000 🎯 Technical Targets: ✅ 1st Target: 0.66900 (Key Supply Zone) ✅ 2nd Target: 0.69000 (Major Resistance Level) Market structure and price action suggest bullish continuation if the breakout holds. Always manage risk accordingly. 📈 --- 💬 Drop your thoughts below ❤️ Like, 🔄 Follow, and 👥 Join us for more real-time updates and smart setups! — Livia, keeping it sharp 😜
Long
by LIVIATRACK
2
GOLD → Retest of the resistance range. Correction?FX:XAUUSD is recovering amid expectations of lower interest rates in the US, and the falling dollar is also supporting the price of the metal. The dollar remains under pressure due to political uncertainty in the US, budget concerns, and trade risks. However, strong stock market growth and possible tariff measures against Japan and the EU are also affecting the market, adding volatility to gold Powell will speak at the ECB forum, and markets are waiting for him to hint at a rate cut. Currently, the probability of a cut in July is estimated at 20%, and in September at 77%. A dovish tone will support gold, while a hawkish tone will increase pressure. Technically, since the opening of the session, gold has exhausted its daily range (ATR), and there is a fairly high probability that after strong growth, the price may be stopped in the 3347-3350 zone. Resistance levels: 3347, 3350 Support levels: 3312, 3295 If gold cannot continue to rise after breaking through 3347 and the price returns to the resistance zone, then in this case, we can consider a correction to 0.5-0.7 Fibonacci before a possible continuation of growth. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
12
EURGBP: Strong Bullish Confirmation 🇪🇺🇬🇧 EURGBP is going to continue rising in an uptrend that the pair established at the end of May. A completion of a consolidation and a formation of a new local Higher High indicate a highly probable bullish continuation soon. Next resistance - 0.8605 ❤️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 → Recovery and retest of resistance. DowntrendFX:XAUUSD has been recovering since the start of the session thanks to a weak dollar, but further growth is uncertain. However, the price is still below the key range and important levels. At the beginning of the week, gold rebounded from monthly lows amid a weakening US dollar, which remains under pressure due to trade disputes with Japan, uncertainty surrounding the budget, and expectations of a Fed rate cut in September. However, the technical picture for gold remains bearish, and further dynamics will depend on new statements from Fed officials, labor market data, and Jerome Powell's speech on Tuesday. Technically, after breaking through the global range support, the price is forming a correction and testing 3294. Before a possible rise to 3320 or to the 0.7 Fibonacci zone, a correction to 3271 may form, which will determine the further development of the situation. Support levels: 3271, 3255, 3245 Resistance levels: 3294, 3320, 3347 A retest of 3295 (0.5) Fibonacci is forming. There is a possibility of a false breakout with a possible correction. If, during the correction, buyers keep the price above 3271 and return to retest 3294, we will have a chance to attempt growth to 3320 - 3347 Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
36
KULR | High-Growth Channel Reversal – Targets +298% to +2,368%📍 Ticker: AMEX:KULR (KULR Technology Group, Inc.) 📆 Timeframe: 1W (Weekly) 📉 Price: $7.11 📈 Pattern: Rising parallel channel with bullish consolidation 🔍 Technical Setup: AMEX:KULR is respecting a clean ascending channel since early 2023 and is currently consolidating just above key support and the lower trendline, forming a launch base. 🔵 Key Resistance: $6.51 has flipped to support 📈 Price bounced from demand zone + holding mid-channel 📊 Volume profile supports accumulation at lows 🧠 Trade Plan & Dynamic Stop: 📥 Entry Zone: $6.80–$7.20 ⛔ Trailing Stop: A few % below the lower rising trendline → Trail it dynamically as the channel rises (e.g. ~4–7% buffer under trendline) 🎯 Targets & ROIC: 🎯 Target 1: $9.45 → Return: +31.3% 🎯 Target 2: $28.81 → Return: +305.1% 🎯 Target 3 (Channel Top): $168.12 → Return: +2,268% ⚠️ Key Technical Notes: Bullish retest of major breakout zone ($6.50) is holding Trendline structure is strong → perfect for trend-following strategy Trailing stop method protects gains without prematurely exiting Momentum expected to increase above $9.00 💬 Is KULR about to explode higher with the next growth leg? Watch for confirmation above $9.50 for breakout acceleration. #KULR #ChannelBreakout #SmallCapTech #ExplosiveSetup #TrendTrading #TargetTraders
AMEX:KULR
by TargetTraders
USDCHF Wave Analysis – 30 June 2025 - USDCHF falling inside a minor impulse wave - Likely to fall to support level 0.7900 USDCHF currency pair is falling strongly inside the minor impulse wave 3, which recently broke the daily down channel from the start of May. The breakout of this down channel follows the earlier breakout of the key support level 0.8055 (which stopped the previous impulse waves (1) and i). Given the strong daily downtrend and the continuous outflows from US dollar or risk-on mood, USDCHF currency pair can be expected to fall to the next support level 0.7900, the target price for the completion of the active impulse wave 3.
Short
by FxProGlobal
NZDUSD → Pre-breakout consolidation. One step away from a rallyFX:NZDUSD is consolidating, but the chart shows signs of readiness to shift to a distribution phase, which could lead to a rally. Against the backdrop of a falling dollar, which is continuing its main trend, the NZD may break out of consolidation in a distribution pattern. Since the accumulation is quite large (taking into account the long squeeze), the trend may be strong. A pre-breakout consolidation is forming relative to 0.6080, followed by the price breaking through the resistance of the global trading range. Consolidation above 0.6080 will confirm the breakdown of the structure, which could trigger distribution Resistance levels: 0.6080, 0.612 Support levels: 0.6062, 0.604 The price may be supported by a bullish trend and a decline in the dollar. A breakout from the 4-month consolidation may be accompanied by a continuation of the uptrend until the intermediate high of 0.6355 is reached in the medium term. Best regards, R. Linda!
Long
by RLinda
16
SOLANA → BINANCE:SOLUSDT.P is consolidating after breaking through trend resistance. The market trigger is 148.0, and Bitcoin is provoking the market to recover... The market is buying back all the losses. SOL breaks the local downward resistance and forms consolidation with a trigger of 148.0. The market has come to life following the rallying Bitcoin. If the general trend continues, SOL may break out of the accumulation zone and form a distribution towards 154.0 The latest retest of resistance is provoking a correction. Before rising, the price may test the zone of interest at 144 or the lower boundary of consolidation at 142.2. The ideal scenario would be a false breakdown of support at 142.2 before rising. Resistance levels: 148.0, 154.2 Support levels: 142.2, 137.5 Fundamentally, the situation for the crypto market is improving. Technically, the market is also showing positive dynamics. SOL is consolidating after growth, which is generally a positive sign. Now we need to wait for the price to break out of consolidation and continue its growth. One of the signs of this is a rebound from the 0.5 range and a quick retest of resistance with a gradual squeeze towards the trigger. Best regards, R. Linda!
Long
by RLinda
12
Euro will make correction to support line of channelHello traders, I want share with you my opinion about Euro. In this chart, we can see how the price entered to triangle, where it at once bounced from the support line and rose to the 1.1100 support level, which coincided with the buyer zone. Soon, price broke this level, after a small correction, and continued to move up to the 1.1575 current support level, which coincided with the support area. This area also coincided with the resistance line of the triangle, and the Euro rebounded from this line and started to decline. In a short time, it declined to the buyer zone, where it turned around and started to move up. Soon, Euro exited from triangle and continued to rise inside an upward channel, where it made a correction first and then continued to grow. Later, EUR rose to 1.1575 current support level, one more time and even almost broke it, but failed and corrected. But soon, it finally broke this level and rose to the resistance line of the channel, where at the moment it continues to trade near. In my mind, Euro will rebound from this line and go to the correction until to support line of the channel, breaking the support level. For this case, my TP is located near this line - at the 1.1490 points. 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.
Short
by LegionQ8
10
US 500 Index – Uptrend Channels, Support and Resistance CluesPositive price activity continues to materialise within equity indices, with several over recent sessions, successfully posting new all-time high trades. The US 500 index is no exception, with at the time of writing (7.30am Monday 30th June) a new upside extreme just posted at 6208, see chart below. However, such moves into new all-time high ground, which effectively is uncharted territory, can offer a challenge to traders. There is obviously difficulty in assessing where next resistance levels might stand. Just because an uptrend price pattern is evident and new all-time highs are being posted, doesn’t guarantee further price strength. There will be levels where sellers, or resistance, are found again that might create at least a short term sell-off in price, even a more extended phase of price weakness. However, how perhaps might we be able to judge where these levels may stand, when an asset is trading at price levels previously not seen? Within technical analysis there is a tool that can potentially help traders gauge where next resistance might be encountered – The Uptrend Channel. Let’s take look at uptrend channels and the US 500 index, and where possible clues might be offered to where both support and resistance levels may currently stand. The Uptrend Channel: We have previously discussed uptrends (and downtrends) in previous reports, so please look at our timeline for further details. However, the basic definition of an uptrend line, is a straight line connecting previous price lows. In the chart below, we look at the US 500 index and have drawn a straight line connecting the 5095 low, posted on April 21st, with 5913, the June 23rd low. This uptrend line today (June 30th 2025) stands at 6000, and traders may now be viewing this as a potential support to price weakness, if seen. It’s held on 2 previous occasions, April 21st and June 23rd, and may do so again, if price weakness approaches this line in the future. Please note, this is a rising trendline, so the support level will move higher each day. Now look at the chart above again, you’ll notice we have also now drawn a trendline parallel to the lower uptrend line, which connects with the 5958 May 16th price high. This line also moves higher each day, as it too represents an uptrend and today stands at 6527. While much will continue to depend on future market sentiment and price trends, if (and as we know within trading, it is a big if!) prices continue to move higher and post new all-time price highs, traders may be watching this uptrend channel pattern to suggest both potential support and resistance price levels. They may argue that while support, which today stands at 6000, marked by the level of the lower limits of the uptrend channel, remains intact, potential might be for a more extended phase of price strength. Possible resistance could then be 6527, the current level of the upper limits of the uptrend channel. Please remember, these levels will change daily, and you will need to refer to your own Pepperstone charts to update these levels on a daily basis, as they will change for each sessions. Looking Ahead: Today marks the end of a volatile but impressive second quarter for the US 500 index. It saw a low of 4799 on Monday April 7th in the thick of the trading carnage caused by President Trump’s trade tariffs, but since the 90 day tariff pause was announced on April 9th the index has rallied steadily to register a new all time high at 6208 in Asia this morning. That’s a bounce of 29% in Q2! The start of Q3 isn’t likely to be without its challenges, however. There are concerns that President Trump’s $4.5 trillion tax bill, that is moving through the Senate currently, could increase the US debt burden to unsustainable levels. Also, the July 9th tariff deadline is getting closer by the day and only 1 trade deal has been announced during the 90 day pause, despite lots of talk that 10 more deals, including India, Japan and potentially the EU are in the pipeline. Updates on the health of the US economy this week in the form of Non-farm Payrolls on Thursday (1330 BST) and ISM Services PMI (1500 BST) could be critical if markets expectations for Fed rate cuts later in the year are to materialise, and the next earnings season for US companies begins in the middle of next week as well. How this all unfolds could help to determine whether the US 500 keeps recording new all time highs or begins to unwind the recent upside moves as risk sentiment sours again. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:US500
by Pepperstone
Break of downward sloping channel LongNike has swept liquidity and is now showing a strong bounce to the upside. Although I didn’t manage to enter the initial long, I am monitoring for a break above the current downward-sloping channel. A clean breakout followed by a retest would provide a more reliable entry point. I’m not aiming to catch the absolute bottom—I’d rather wait for confirmation of trend reversal. A move above the monthly level at 79.46 would be an additional sign of strength and increase conviction in the long setup. There is still significant overhead resistance, particularly around the point of control aligned with the anchored VWAP near 92.50. That area would be my first target. However, if momentum continues, there is potential for a move towards the 122 level.
NYSE:NKELong
by Dooban
PENGU = ETF Catalyst + Whale Accumulation = +30% More Upside?Today, on the weekend, I want to analyze the Pudgy Penguins project with the PENGU ( BINANCE:PENGUUSDT ) token from a fundamental and technical perspective . Please stay with me. Why did PENGU surge nearly 40% in just 48 hours? Here’s what’s driving it: ------------------------------------------ Fundamental Analysis: 1. ETF Momentum via Cboe: On June 26, Cboe officially filed a 19b-4 form for a new ETF that includes Pudgy Penguins and PENGU as major components. Although not yet approved, this single move has fueled strong institutional anticipation, similar to what happened with Bitcoin ETFs in early 2023. The market often prices in future narratives — and this ETF storyline has been a powerful one. 2.Whale Accumulation Signals According to Nansen data, large holders have increased their balances by 11.37%, and notable wallets linked to public figures by 7% over the last 30 days. Such coordinated accumulation often precedes major price moves, and that pattern seems to be repeating here. 3.NFT Ecosystem Boost The Pudgy Penguins NFT collection saw a 400%+ surge in sales volume. This sharp increase in NFT activity has reignited attention toward the broader Pudgy ecosystem, which naturally benefits its native token, PENGU. Risk Note: The ETF is not yet approved — we're still in the hype phase. Volatility remains high, and strong pullbacks are common in low-liquidity tokens like PENGU. If whale activity continues and institutional narratives grow, the upside potential remains — but so does the downside risk. ------------------------------------------ PENGU token started to rise from the Support zone($0.01-$0.0076) . One of the signs of a continuation of the uptrend was the break of the upper line of the descending channel . Educational Note: One of the price targets after a channel break can be as wide as the width of the broken channel. In terms of Elliott Wave theory , it seems that the PENGU token has completed the Double Three Correction(WXY) , and we can wait for the next impulsive waves . I expect the PENGU token to attack the Resistance zone($0.0128-$0.0118) again, and if this zone is broken , it can increase to at least $0.0137(+30%) . What is your idea about the Pudgy Penguins project? Note: If the PENGU token drops below $0.01, we can expect a break of the Support zone($0.01-$0.0076). Please respect each other's ideas and express them politely if you agree or disagree. Pudgy Penguins Analyze (PENGUUSDT), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a 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
15
Gold may bounce up from support line of channel to 3330 pointsHello traders, I want share with you my opinion about Gold. Previously, the price broke out of a symmetrical triangle and moved confidently toward the seller zone. However, it failed to consolidate there and formed a downward channel, where price action has remained since. The movement inside this channel has been consistent, respecting both the resistance and support lines. After reaching the lower boundary, the price bounced up and approached the resistance area (3290 - 3300), which now acts as a key short-term obstacle. This zone was tested multiple times and served as support earlier, making it a strong technical level. Currently, the price is trading just below this zone and forming a base for the next move. I expect a possible retest of the support line of the downward channel, which may provide the impulse needed for a new upward move. In my opinion, the price will rebound from the bottom of the channel and start to grow toward the current resistance level at 3300. If this level is broken and confirmed via a retest, I expect continued movement toward the channel’s upper resistance line. That’s why I set my TP 1 at 3330 points, right near the resistance line of the channel. 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.
THINKMARKETS:XAUUSDShort
by LegionQ8
21