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Pennant

Gold Breakdown Confirmed — Bearish Pennant Targets UnfoldingGold ( OANDA:XAUUSD ) started to decline as I expected in my previous idea after the lower lines of the Ending Diagonal broke . Gold is moving near the Resistance zone ($3,349-$3,325) . And Gold seems to be crossing the 50_SMA(Daily) . From a Classical Technical Analysis perspective , the Bearish Pennant Pattern seems to indicate a continuation of the downtrend in Gold . From an Elliott wave theory perspective , it seems that Gold has completed the Zigzag Correction(ABC) , and we can expect the next 5 downwaves . I expect Gold to continue to decline at least to the Support zone($3,281-$3,243) and Monthly Pivot Point . Note: Stop Loss (SL) = $3,360 Gold Analyze (XAUUSD), 1-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; 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:XAUUSDShort
by pejman_zwin
1
Small Clues In A Big Breakout PatternSilver has been consolidating as of late and if there's one thing we no about contraction is that it eventually leads to expansion aka a breakout. The issue with this particular setup is that based on location of the pattern, there's no predetermined directional bias for the breakout. Therefor, what we're doing today is looking for small clues that the market has provided to give us any type of edge in predicting a breakout one way or another and guess what. WE FOUND SOME! If you have any questions or comments, please leave them below! Akil
OLong
by Akil_Stokes
Gold may exit from pennant and rise to resistance levelHello traders, I want share with you my opinion about Gold. The price previously made a strong impulse upward, forming a downward pennant, but this move lost steam after touching the seller zone around 3430 - 3440. From there, the market reversed and dropped sharply below the support level, even creating a visible gap. Didn’t last long, the price recovered quickly and made another strong move up, breaking out of the downward pennant structure. Since then, Gold has been trading inside a new formation, an upward pennant, where both support and resistance lines are gradually converging. This setup suggests growing pressure and the potential for a breakout. Currently, the price is hovering near the support line of this upward pennant. In my opinion, we may see a small correction to test this support, followed by a bullish rebound. If the structure holds, Gold could break out upward and head directly toward the 3430 resistance level, which matches the upper boundary of the previous seller zone — this is my TP 1. Given the strong impulse structure and continuation pattern, I remain bullish and expect further growth after this local retest. 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:XAUUSDLong
by LegionQ8
12
USDCHF || Grab trade before its end" – Upgrade Suggestions:" USDCHF correcting into demand zone 📉 Wave (C) incoming! Watch for the final leg before the reversal. Don’t miss this precision setup. 💥 #ElliottWave #USDCHF #ForexSetup" 🟢 Technical Breakdown: Triangle Formation (ABCDE) completed near the top. Price action shows a breakdown from Wave (B), suggesting a corrective leg is underway. You’ve marked: Wave (A) and (B) already formed. Wave (C) is expected to reach the highlighted demand zone (blue box around 0.81000). The current price is around 0.81633, indicating an ideal entry area for a short setup targeting the blue zone.
Short
by Greenfireforex
The GENIUS Act: A Historic Breakthrough in Stablecoin RegulationIn the fast-evolving world of cryptocurrencies, stablecoins have carved out a unique role, acting as a bridge between digital assets and traditional finance. Until recently, however, the regulatory framework for these instruments remained fragmented and unclear. The adoption of the GENIUS Act marks the first major step toward establishing a coherent regulatory system for stablecoins in the United States — an event already being hailed as a historic breakthrough. What Is the GENIUS Act? The GENIUS Act (short for "Guaranteeing Effective National Incorporation of Ubiquitous Stablecoins") is a legislative initiative designed to set clear rules for the issuance, backing, and circulation of stablecoins. Its primary goal is to ensure transparency, stability, and security for users, investors, and financial institutions engaging with these digital assets. The bill has received bipartisan support, demonstrating a broad political consensus on the need to bring order and trust to the digital asset market. Why Is It a Breakthrough? Before the GENIUS Act, the legal status of stablecoins existed in a regulatory "gray area." Issuing companies often faced uncertainty: were they subject to banking laws, SEC oversight, or fintech regulations? This ambiguity led to high-profile lawsuits, account freezes, and declining institutional trust. The GENIUS Act introduces: A licensing framework for stablecoin issuers, requiring 100% reserves in fiat currency or secure liquid assets Mandatory audit and reporting standards, including independent verification and public disclosures Clear separation between fiat-backed and algorithmic stablecoins, acknowledging their different risk profiles Mechanisms for coordination with the Federal Reserve, paving the way for stablecoin integration into the broader financial infrastructure Impact on the Market The passage of the GENIUS Act has already had a ripple effect. Major issuers like Circle (USDC) and Paxos have expressed their readiness to comply with the new standards. Meanwhile, less transparent players are beginning to lose market share. Institutional investors — including banks and asset managers — are increasingly viewing stablecoins as a reliable instrument for payments and capital storage. This growing confidence could be the key to the mass adoption of Web3 apps, decentralized finance (DeFi), and digital commerce. Global Significance The GENIUS Act also sets a precedent for other countries. Just as the U.S. once led the way in traditional financial regulation, it is now establishing benchmarks for digital assets. The EU, UK, Singapore, and others are closely analyzing the bill’s elements for adoption in their own jurisdictions. Conclusion The passage of the GENIUS Act represents a historic step toward crypto market maturity. It not only eliminates regulatory uncertainty but also lays the groundwork for sustainable digital economic growth. For the first time, stablecoins have a clear, institutionally recognized legal status — marking the transition from chaotic innovation to structured trust.
CRYPTO:BTCUSD
by HCN-News12
HYPE/USDT – 4H Chart Analysis PUMP TO $50??HYPE/USDT – 4H Chart Analysis Volume (OBV Indicator): The On-Balance Volume (OBV) has broken above its local resistance level, indicating a notable increase in bullish volume inflow. This supports the current upward momentum. Market Structure: High Time Frame (HTF): Still bullish. Lower Time Frame (LTF): Currently consolidating within a bullish pennant pattern. Price has recently closed just above the pennant’s resistance line, suggesting a potential breakout and continuation of the bullish trend. Key Zones & Levels: Supply Zone: Price is currently testing this zone. A successful hold and breakout above the previous swing high would confirm bullish continuation. Fair Value Gaps (FVGs): A small FVG exists just beneath current price between key support/resistance levels. This may act as a short-term magnet for price (potential retracement). Two larger FVGs on the 1D time frame lie below the current support and prior swing low. If price moves into these levels, it would likely be a liquidity sweep, trap, or fakeout scenario. Psychological Levels: $40.00 and $45.00 are the next logical upside targets if bullish momentum continues beyond the swing high. Trade Setup: Entry: At the 0.28 Fibonacci retracement level. Stop Loss: Just below the 0.5 Fibonacci level. Take Profit (Partial): At the 0.618 Fibonacci extension, aligning with a psychological resistance zone. Summary: The breakout from the bullish pennant, combined with increasing volume (OBV breakout), suggests strong bullish momentum. As long as price holds above the pennant and key support, continuation toward $40–$45 remains the probable scenario. Any dip into the lower FVGs would likely be a liquidity event rather than a trend reversal. (NOTE: This is not financial advice, it is recommended to always (DYOR) (Do Your Own Research)
Long
by King_BennyBag
1
HelenP. I Euro may break suppot level and drop to trend lineHi folks today I'm prepared for you Euro analytics. Observing this chart, we can see how the price strongly declined and reached the trend line, where it found solid support and reversed. From that point, EUR began to grow, forming a clear upward pennant structure. This movement included a break above the local support level at 1.1485, indicating temporary bullish strength. However, despite this breakout, the price failed to secure a strong push through the resistance zone between 1.1485 and 1.1530, instead consolidating just below it. Now the chart shows clear signs of slowing upward momentum. The price remains inside the pennant, but current movement suggests potential weakness near the top boundary. Given the structure and previous reaction points, I expect EURUSD to break below the support level and move toward the trend line again. This would be a natural retest of the lower boundary of the pennant. That’s why I’ve set my target at 1.1365, a level that coincides perfectly with the trend line, offering a realistic area for price to react once more. If you like my analytics you may support me with your like/comment ❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by FirstNameHelen
6
Teva: The flag’s ready — someone just needs to hit “launch”Teva Pharmaceutical (TEVA) is setting up for a potential continuation move after a clean impulse. On the daily chart, we have a textbook bull pennant — and not just any sloppy one. Price has broken above the 200-day moving average, and all key EMAs (50/100/200) now sit below price, confirming a solid bullish structure. Volume behavior fits the script: declining inside the pennant, signaling pressure is building. More importantly, the Volume Profile reveals a low-volume void above current levels — meaning there’s little resistance until we hit the $22+ zone. In other words, once this breaks, it could run fast. RSI is comfortably in bullish territory without being overheated, and the flagpole projection gives us clean upside targets: – Entry: breakout above pennant resistance – Target: $22.80 — full flagpole height – Support: $17.60 — confluence of 0.5 Fib + volume base TEVA isn’t asking for confirmation anymore — it’s showing it. All systems are technically armed. Now we just wait for the market to press the button.
NYSE:TEVALong
by TotoshkaTrades
EURO - Price will exit from pennant and then make correctionHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price reached $1.0950 level and then made a correction movement, after which started to grow in a pennant. Price made an upward impulse from support line of pennant and broke $1.0950 level, after which made a retest. Then price continued to move up and reached $1.1300 level, and soon broke it too, and then made a correction movement. After this, price rose to resistance line of pennant and then started to decline and soon broke $1.1300 level again. But later it boucned from support line and backed up, and even now it trades very close to resistance line. In my mind, Euro can rise a little, thereby exiting from pennant and then make a correction to $1.1300 level. 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.
Short
by WalterMoon
9
HelenP. I Bitcoin may grow to resistance zone from trend lineHi folks today I'm prepared for you Bitcoin analytics. This chart shows how the price declined to the trend line and then made an impulse up to the support level, which coincided with the support zone. Also, price started to trades inside a pennant, where it soon broke the support level and then traded some time near it. Later, it continued to grow and in a short time rose to the resistance level, which coincided with the resistance zone and broke this level as well. Then BTC reached the resistance line of the pennant, turned around, and dropped below the 108000 level, after which a few moments traded between this level. After this, price continued to fall and after it broke 108000 leve one more time, it dropped to the trend line, which is a support line of the pennant too. Price has traded near this line and recently BTC rebounded up. So, I expect that BTCUSDT will correct to the trend line and then rise to the resistance level. After this, I think the price may break it and enter to resistance zone. That's why I set my goal at 108800 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
15
The What vs. The Where - A 2nd Breakout Pattern After A Nice WinA few days ago we looked at a bullish breakout opportunity on Silver and it played out perfectly. After a lovely move to the upside, price has started to consolidate again providing us with a very similar setup. HOWEVER, just as in the case of the first, we need to be aware that once again the WHAT doesn't necessarily align with the WHERE stopping this from being a Grade A trading opportunity. Please leave any questions or comments below and remember to hit that LIKE button before you go! Akil
OANDA:XAGUSDLong
by Akil_Stokes
2
Raoul Pal's Big Banana. $100 Trillion dollars Crypto market.And how on earth do we reach that point? Is Raoul's thesis regarding the exponential age accurate, suggesting we have until 2030 to invest and reap the benefits; so "don't F@ck this up!" As a charting enthusiast, I am eager to see if there exists a technical foundation that could allow us to teleport to those levels and estimate how many years it might take. Let's examine the entire crypto market, which includes everything from stable coins to tangible real world assets like Gold. We can distinctly identify three significant consolidation patterns. Rising wedge #1 a sideways pennant rising pennant #2 Now, considering this is a logarithmic chart. It provides us with logarithmic amplitudes and projections. An amplitude is a calculated move based on the boundaries of the consolidation pattern. Essentially, it involves taking the top and bottom width and applying it to the breakout point for a rising pattern. In a #HVF, we utilise the midline of the funnel to forecast targets. The projections illustrated on this chart pertain to the sideways pennant, employing the flagpole to establish our target. It is this sideways pennant pole projection that leads us to 100 trillion dollars and beyond. Test it out for yourself if you find it hard to believe these figures could become a reality :) So there we have it; yes, 100 trillion dollars may appear excessively optimistic and fantastical, especially since we are currently at 3.28 trillion dollars. However, the charts indicate that Crypto could indeed be the sector where the majority of financial transactions take place in the forthcoming exponential future.
CRYPTOCAP:TOTALLong
by BallaJi
EURO - Price can boucne up of pennant, breaking resistance levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago, price entered to pennant pattern, where it at once bounced up from support line and reached $1.0850 level. Next, it broke this level and continued to grow to resistance level, and when Euro reached it, price broke it. But, after price reached resistance line of pennant, it started to decline and soon broke $1.1380 level one more time. Price fell to support line of pennant and then turned around and, in a short time rose to resistance area. After this, price fell to support line of pennant, but recently started to grow and now trades near resistance level. I believe Euro can correct slightly and then launch upward toward $1.1600, breaking resistance level. 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.
Long
by WalterMoon
24
HelenP. I Gold will drop to support level from pennant patternHi folks today I'm prepared for you Gold analytics. The chart started with a strong impulse move upward from the support zone around 3190 - 3205, where buyers stepped in and pushed the price aggressively higher. This bullish momentum continued until the price reached the trend line, which had previously acted as a dynamic resistance. Upon contact with the trend line, the market lost strength and began to compress into a narrowing formation, a classic downward pennant. Within this pennant, the price made several lower highs, suggesting waning bullish power and the buildup of pressure inside a tightening range. Sellers became more active near the resistance zone around 3365 - 3380, and each upward attempt was quickly absorbed. Now the structure shows signs of a potential breakout to the downside. Given this formation and the current price behavior near the upper edge of the pennant, I expect a minor upward movement followed by a sharp breakdown. My goal lies at the 3205 support level, where previous demand emerged. That’s why I remain bearish and see this level as a realistic goal for the next move. If you like my analytics you may support me with your like/comment ❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by FirstNameHelen
20