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Parallel Channel

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
2
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
#XRPUSDT #4h (Bitget Futures) Descending channel near breakoutRipple just printed a dragonfly doji resting 50MA regained support, looks ready for short-term recovery. ⚡️⚡️ #XRP/USDT ⚡️⚡️ Exchanges: Bitget Futures Signal Type: Regular (Long) Leverage: Isolated (8.0X) Amount: 5.2% Entry Zone: 2.2438 - 2.2088 Take-Profit Targets: 1) 2.3535 2) 2.4493 3) 2.5450 Stop Targets: 1) 2.1199 Published By: @Zblaba CRYPTOCAP:XRP BITGET:XRPUSDT.P #4h #Ripple #MadeInUsa xrpl.org Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +45.7% | +80.1% | +114.5% Possible Loss= -38.2% Estimated Gaintime= 1-2 weeks
Long
by TradingOn
Things heating up between Iran and US. Market takes a nose dive.There is a news of things heating up between Iran and US with regards to Nuclear negotiations. It seems US has asked for reduction of staff at few embassies across the Middle East. In addition to the tragic plane crash in Ahmedabad also might have affected the sentiment. Market had already nosedived before the tragedy struck so it is hard to say it had any effect. Only logical explanation seems to be the Iran related escalation. On the technical Nifty was not able to hold above 25200 levels even after multiple attempts. This suggests upside-down there were currently no takes for the upside such scenario only leads to a correction and market diving to find a concrete bottom before beginning the next upward movement. The geo-political developments should be closely watched to speculate about further moves of market. The zone between 24818 to 24672 has multiple supports including trend line support and mid-channel support and Father line support at 24672 as it can be seen in the chart. A closing below 24672 will only give the advantage to the bears who can further drag the Nifty towards 24492, 24382 or 24208 (Channel bottom support). Things get worse beyond this point but we will only talk about it if we get a closing below this level. Resistance on the upside remain at 24902, 24974 (Mother line Resistance), 25043, 25138 and 25223. If we get a closing above 25223 then the channel top will be around 25337. Regarding the levels above 25337 we will post once we reach that stage. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Gold may rise due to CPI and falling dollarMay CPI in the US rose by 2.4% - just below the forecast of 2.5%. This reinforced expectations of a Fed rate cut despite continued pressure from tariffs. The dollar is weakening, gold may gain in this situation Gold is forming an upward structure. The fundamental background is changing and moving to the side of gold. Before the rise there may be a liquidity grab from below Price is in consolidation. If trading shifts to the upper half of the current range, then a breakout and continued growth can be considered in this case
FX:XAUUSDLong
by AndeWave
15
EURUSD has follow the ascending channel bullish from support FX:EURUSD Analysis – 1H Time Frame EUR/USD is currently respecting an ascending channel and showing strong bullish momentum from the key demand zone at 1.13900. 🎯 Technical Targets: 1st Target: 1.14600 2nd Target: 1.15000 The price action confirms buyer interest and continued upside potential, as long as the structure holds. 📊 Stay tuned for more updates and trade setups! 💬 Like, follow, and drop your thoughts in the comments! — With love, Livia 😜
Long
by LIVIATRACK
8
AUDUSD → Correction after a false breakout before growthFX:XAUUSD continues to rise amid uncertainty surrounding the dollar, which continues to consolidate. The currency pair is preparing to test resistance at 0.6537 The dollar is stuck in place due to market uncertainty. At the same time, the Australian dollar is strengthening and is ready to test the liquidity zone Within the current trend, the currency pair is heading towards resistance and the liquidity zone. We opened far away, and as we move towards the target, the potential for further growth may end. A false breakout of 0.6537 could trigger a correction Resistance levels: 0.6537 Support levels: 0.6509, 0.6479 A sharp move towards resistance without the possibility of further growth could cause a false breakout of 0.6537. Price consolidation below this level could trigger a correction before growth. Best regards, R. Linda!
Long
by RLinda
6
ETHEREUM → Consolidation amid a bull marketBINANCE:ETHUSD is consolidating in the range of 2400-2750, and locally, the coin looks quite promising even against the backdrop of Bitcoin forming a correction... ETH is forming a strong consolidation within which it confirms a bullish market structure. After a false breakout of resistance, there is no sharp decline and the price returns to retest resistance. If the bulls hold their defense above 2530-2550, then in the short and medium term, ETH may demonstrate growth towards the intermediate target. Resistance levels: 2738, 2855 Support levels: 2525, 2470, 2400 A retest of support at 2525 - 2470 is possible, and if the price holds above this support zone, ETH may try to surprise us. There are good chances for growth. Best regards, R. Linda!
Long
by RLinda
5
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
ENA About to Explode or Dump? Key Levels You Can’t Ignore!Yello Paradisers — are you positioned right for the next potential explosion in #ENA, or will you get caught on the wrong side of the move like most retail traders? After a brutal grind in a descending channel, something big is brewing... and it’s coming faster than many realize. Let's dive in. 💎#ENAUSDT currently facing a key resistance at the upper boundary of the descending channel, clearly tested multiple times and respected well by the market structure. A candle close above this channel would trigger a confirmed breakout, which opens up a clean path for continued upside movement — the next major target sits at the resistance zone between 0.446 and 0.4725. 💎There’s a high-probability alternative setup unfolding as well: ENA holding the S/R level around 0.3448 and the demand zone below, which aligns perfectly with the multi-timeframe EMA support. If this area holds strong, expect another impulse move toward our resistance zone as momentum builds. 💎Price had been forming lower highs and lower lows, respecting the downtrend But recently we observed a Clear Change of Character (ChoCH) — ENA broke market structure by forming a higher high.What usually follows? A higher low, and that’s where we are now. 💎The most probable scenario is for price to pull back to the S/R level or dip into the demand zone, and then form a higher low before making the next leg upward toward resistance. 💎Invalidation is simple and must be respected: if we see a confirmed candle close below 0.2798, then the bullish case breaks and the setup is no longer valid. This is where you must cut quickly, avoid hope-trading, and reassess the structure from scratch. Don’t chase. Don’t panic. React with strategy, not emotion. This is how real professionals win in crypto. Stay sharp, Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
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
Bitcoin will rise from support level and exit from wedgeHello traders, I want share with you my opinion about Bitcoin. This chart shows how the price rebounded from the current support level and then turned around and rebounded up. Price broke the 109000 level, coinciding with a support area, and then traded near this level for some time. Later price turned around and started to decline inside a downward channel, where it soon broke the 109000 level, reached the resistance line, and continued to fall next. Bitcoin fell to the support line of the channel, which coincided with the 103000 support level and buyer zone, after which it rebounded up. Then BTC exited from channel and later entered to upward wedge, where it at once made a correction movement from the resistance line to the support line, breaking the 103000 level. But soon, price made an impulse up, breaking the support level one more time. Next, it rose to the current support level, broke it too, and now trades inside the support area. In my mind, BTC can rebound from the support level and rise to the resistance line of the wedge. Then it can break this line, thereby exiting from the wedge and continuing to move up; therefore, I set my TP at 112000 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
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