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Rectangle

Gold Probes Bearish Trend Line Resistance - Uptrend Resuming?Gold has had a relatively quiet couple of months, carving out a broad range between $2285 and $2425 since the start of April. While there are no imminent signs that the range will break any time soon, the precious metal is turning higher off support to test (and potentially break) near-term bearish trend line resistance. A confirmed break here would tilt the odds toward more gains to approach the June high at $2385 and potentially the all-time record high near $2425 in time. -MW
FOREXCOM:XAUUSD
by FOREXcom
AUD/USD Range Intact - One Way to Play a BreakAUD/USD has been consolidating within a 120-pip range for the past 6+ weeks, and there are no imminent signs of that range breaking. However, forex traders may still want to prepare for a potential bullish breakout (helped along by a hawkish RBA meeting and weak US retail sales data). In that scenario, a clean break above 0.6700 could open the door for a continuation toward the 78.6% Fibonacci retracement of the December-April drop at 0.6760 and potentially the December high above 0.6850. However, a false break could lead to a rapid reversal back lower, so risk management will be key. -MW
by FOREXcom
Long BTCUSDIdea based on Classical chart patterns (Daily Chart). Abbreviations: M/W/D/H = Month/Week/Day/Hour TL: Trendline DT: Double Top DTr: Descending Triangle FW: Falling Wedge Rct: Rectangle We are still close to the all time highs, and we have also seen a breakout from a 4W FW on the weekly chart indicating some buying interest left near the relative lows. When you look at the daily chart, there is a 6W DT which seems to be complete, but the downside breakout bar is with a long wick. And the closing bar was up. This leads me to suspect this might be a fake breakout. Support is seen close to where we saw the 4W FW pattern completed, with levels close to the last bar acting as key bar to watch. Also, we can see the current market as inside a 20W Rct pattern and we are right around the middle of the box. if the 6W DT fails the first target will be @ 77363, if completed, the target will become the 4W FW target @ 81678.90, and ultimately 20W Rct target @ 84001.60 the problem with this trade is that we still don't have a confirmation of a failure, so i need to place the stop loss at lows level within the formation of this DT pattern which is May16th low @ 64548, being fully aware that this trade might be one that could cause me to enter multiple times. Risk reward calculated against capital using the first target is Entry : 66330 or below SL : 64548 (-0.73%) / TP: 77363(+4.50%) RR: Apprx. 6:1 (as always, not investment advise or prediction)
BINANCE:BTCUSDLong
by NapierAnalytica
2
DMart: Ready for new Highs with Bullish StructureClassical inverted H&S Pattern Structure can be seen in this script. Following points can be considered here before taking any decision: 1. over all Trend is uptrend. 2. Pattern: Bullish IH&S(After healthy Consolidation) Or Inside bar or multiple Resistance BO or Cup and Handle 3. Good Fundamentals 4. over all market structure is also bullish. DISC: For educational Purposes only. Please consult your financial advisor before taking any position.
NSE:DMARTLong
by trade_opportunities
3
Coeur Mining Inc. (CDE) - Bullish Rectangle Continuation PatternAnalysis: Chart Pattern: Coeur Mining Inc. (CDE) is currently forming a Bullish Rectangle Continuation pattern, indicating potential for an upward breakout. Support and Resistance: The stock is consolidating between defined support and resistance levels. Breakout Potential: A breakout above the resistance level could lead to a significant upward movement. Target Price: The target price can be estimated based on the height of the rectangle. Stop-Loss: Set a stop-loss just below the support level to manage risk. Fundamental Overview: Revenue (TTM): $846.97M Net Income: -$108.14M Total Debt: $593.83M Current Ratio: 1.00 Conclusion: The Bullish Rectangle Continuation pattern suggests a potential upward breakout, making Coeur Mining Inc. a promising candidate for short-term gains. However, investors should consider the company's current financial challenges and set appropriate risk management measures. Investment Note: Trading stocks inherently involves risks. Carefully consider your financial situation and investment goals before making decisions.
NYSE:CDELong
by WaveRiders2
GOLD (XAUUSD): Your Trading Plan For Next Week Explained This Friday, Gold turned very bullish and reached a strong daily resistance. The underlined red resistance is the upper boundary of a narrow horizontal trading range on a daily. Next week, look for a breakout of the resistance of the range. A daily candle close above 2342 will be our strong bullish confirmation. A bullish continuation will most likely follow then. Next resistance will be 2736 ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
1
GOLD (XAUUSD): Main Focus is ... As I predicted yesterday, we got a nice intraday bearish movement on Gold. Analyzing the price action on a daily time frame today, I spotted that the market is currently consolidating. We can see a narrow horizontal trading range. Those who are looking to buy the market should wait for a breakout of the resistance of the range. A daily candle close above 2342 will be our strong bullish confirmation. A bullish continuation will most likely follow then. Next resistance will be 2736 ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
2
VBL - 4 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NSE:VBLLong
by TheArtOfCharting
AUDCAD: Important Bullish BreakoutThe AUDCAD is currently in a robust uptrend on a daily basis. For the past few weeks, the pair has been trading within a sideways range on a 4-hour chart. Following the yesterday's US fundamentals, the price broke above the range's resistance, showcasing the dominance of buyers and suggesting a likely continuation of the bullish momentum. The next level of resistance to watch is at 0.9203.a highly probable bullish continuation. Next resistance - 0.9203
Long
by linofx1
NASDAQ INDEX (US100): Potential Scenarios Ahead of FOMC NASDAQ Index is currently consolidating within a horizontal range. Most likely, the market participants are waiting for the FOMC tomorrow. Depending on the reaction of the market to the boundaries of the range, I see 2 potential scenarios. Bullish Scenario If the market breaks and closes above 19115 the resistance of the range, with a high probability, a bullish rally will continue. Bearish Scenario If the Index breaks and closes below 18880 the support of the range, it may initiate a correctional movement. I think that US100 may keep being weak before the news release. Let's see what direction the market will choose tomorrow. ❤️Please, support my work with like, thank you!❤️
CAPITALCOM:US100Long
by VasilyTrader
1
AVGO - 3 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NASDAQ:AVGOLong
by TheArtOfCharting
1