Reliance Ind Weekly Chart In weekly Chart Falling Wedge Chart Pattern formation Lets See Make Or Break
Triangle
NikePoor results mean Nike has broken out of a triangle pattern which started forming in March 2022.
Clean break down with large sell side volume.
Bitcoin can exit from triangle and rise to resistance levelHello traders, I want share with you my opinion about Bitcoin. On the chart, we can see that the price entered a downward triangle, where it rebounded from the resistance line and dropped to the resistance level. After that, BTC bounced from the 86500 level, climbed back to the resistance line of the triangle, and then started to decline. Soon, it broke through 86,500 and reached the support level, which coincided with the buyer zone. BTC then broke this support and dropped further to the support line of the triangle before reversing and beginning to rise. In a short time, the price reached 81100, broke through it, and made a retest before continuing its upward movement. However, it later corrected back to the buyer zone, then climbed to 85000, and started declining again. Shortly after, the price dropped to the support level and then rebounded to the resistance line of the triangle. Given this price action, I expect BTC to correct toward the support line of the triangle before bouncing back up and breaking out of the pattern. From there, I anticipate further growth toward the 86500 resistance level, which is why I have set my TP at this level. Please share this idea with your friends and click Boost 🚀
Gold can continue to grow inside upward channelHello traders, I want share with you my opinion about Gold. This chart shows how the price initially rebounded from the support level, which aligned with the buyer zone, but soon reversed and dropped back down to the support line. After hovering near this line, the price entered a triangle pattern, where it bounced off the resistance line and fell to the support line, breaking below the support level. Following that move, the price reversed upward and returned to the buyer zone, where it consolidated briefly before declining again to the support line. From there, it bounced and began to climb. Shortly after, the price broke through the 2915 level and eventually exited the triangle pattern. From that point, the price started trending upward within an ascending channel, reaching the current support level, which overlaps with a key support area, before rising to the resistance line of the channel. Recently, the price pulled back to the support zone once again, and I believe there’s a good chance it will decline a little below from this area and continue its upward move within the channel, aiming for the resistance line. For this scenario, my TP is set at 3080. Please share this idea with your friends and click Boost 🚀
EUR/GBP Analysis – Symmetrical Triangle Breakdown & Bearish MoveThis EUR/GBP chart on the 1-hour timeframe showcases a well-defined symmetrical triangle formation, a widely recognized pattern in technical analysis that signals potential breakout opportunities. The price action has respected the converging trendlines, indicating consolidation before a decisive move. Recently, the market has broken below the support zone, confirming a bearish breakdown and providing a strong signal for potential downside movement.
This analysis will cover pattern formation, key technical levels, trading strategy, risk management, and future market outlook to provide a comprehensive professional breakdown of this setup.
1. Chart Pattern Analysis – Symmetrical Triangle Formation
A symmetrical triangle consists of two converging trendlines that squeeze price action into a narrowing range, reflecting market indecision. This pattern is considered a continuation pattern, meaning that the price is likely to continue in the direction of the prevailing trend after the breakout.
Pattern Characteristics in This Chart:
✅ Lower Highs: Price fails to break previous peaks, indicating weakening bullish momentum.
✅ Higher Lows: Buyers step in at higher points, preventing aggressive declines.
✅ Volume Decrease: Typical of consolidation within a symmetrical triangle.
✅ Breakout Confirmation: A strong bearish candle broke below the support level, signaling further downside potential.
2. Key Technical Levels & Zones
📌 Resistance Level + All-Time High (ATH) – 0.8421
This level represents the highest point in the pattern, where price faced repeated rejections.
It aligns with a historical resistance zone, indicating a strong supply area.
A breakout above this level would shift the market to a bullish bias.
📌 Support Level – 0.8379 (Now Acting as Resistance)
Previously a key demand zone where buyers defended the price.
Price has now broken below this level, confirming it as new resistance in a bearish scenario.
A successful retest followed by rejection increases downside confirmation.
📌 Stop-Loss Placement – 0.8421
Located above the upper trendline and recent highs to avoid false breakouts.
If price regains this level, the bearish scenario will be invalidated.
📌 Target Zone – 0.82926 (Major Support Area)
This is the next strong support level, acting as a potential take-profit zone for short positions.
It aligns with a previous price reaction area, making it a logical target for sellers.
3. Trading Setup & Strategy – Bearish Trade Plan
The breakdown from the symmetrical triangle structure presents an opportunity to short the pair with a defined risk-to-reward setup.
📌 Entry Strategy:
Enter short positions after price breaks and retests the 0.8379 support level as resistance.
Confirmation should come from bearish candlestick patterns like engulfing candles or pin bars.
📌 Stop Loss:
Placed above 0.8421, above the last swing high, to protect against potential false breakouts.
📌 Take Profit (TP) Target:
First TP: 0.8325 (Intermediate support)
Final TP: 0.82926 (Major support and key structure level)
Alternative Scenario – Bullish Reversal Possibility
If price reclaims 0.8379 and closes above it consistently, the bearish breakdown might be a false move.
A move above 0.8421 would invalidate the bearish setup, leading to potential bullish momentum.
4. Risk Management & Trade Confirmation
✅ Volume Analysis
A significant increase in volume on the breakdown strengthens the bearish outlook.
Low volume retests may indicate a weak reversal attempt, favoring continuation downward.
✅ Bearish Price Action Confirmation
Lower highs and consistent lower lows reinforce a bearish sentiment.
Rejections from the broken support (now resistance) validate the trade setup.
✅ Risk-to-Reward Ratio (RRR)
The Stop-Loss (SL) is tight, and the profit target is significantly larger, making this a high RRR trade.
Ideally, a RRR of at least 2:1 or 3:1 should be maintained for proper risk control.
5. Market Sentiment & Future Outlook
Bearish Bias Strengths:
Trendline break indicates strong downside pressure.
Failed attempts to break resistance suggest weakening bulls.
Global macroeconomic factors and fundamental catalysts may favor GBP strength over EUR in the near term.
Reversal Risks:
A strong bullish breakout above 0.8421 would shift momentum to the upside.
Fundamental news events (e.g., ECB or BoE statements) can impact market direction unexpectedly.
6. Summary & Conclusion
🔹 The EUR/GBP 1-hour chart has broken below a symmetrical triangle pattern, confirming a bearish breakout.
🔹 Key levels to watch: Resistance at 0.8421, support at 0.82926.
🔹 Trading strategy favors short positions, with a target at 0.82926 and a stop loss at 0.8421.
🔹 Confirmation comes from trendline breaks, volume analysis, and lower highs/lows structure.
📌 Final Verdict:
The setup is bearish unless price reclaims 0.8379 and invalidates the structure.
Traders should monitor price action, volume, and news events for further confirmations.
🔥 Potential Profit Target: 80-90 Pips 📉
⚠️ Risk Management is Crucial – Always Use Stop Loss & Proper Position Sizing
XAUUSD Head And Shoulder pattern breakdownGold update 15m head and shoulder breakdown
Key Levels:
Resistance Levels:
3,040.000 (Immediate Resistance)
3,050.000
3,060.000
3,070.000 (Major Resistance)
Support Levels:
3,022.000 (Immediate Support)
3,014.000
3,006.500
2,999.000
2,991.000 (Major Support)
Price Action Overview:
Gold is currently trading at 3,033.785, showing a slight upward movement of +1.685 (+0.096%).
The price has been consolidating between 3,031.425 (Low) and 3,034.430 (High) in the last 15-minute candle. The market is testing the 3,035.410 level, which could act as a minor resistance.
Technical Indicators:
USB (Ultimate Support/Resistance Band):
Current Value: 38.301 (-1.279)
Indicates potential support/resistance zones around 3,830.4.
TAT & Skullers Indicator:
Current Value: -38.306 (-1.269)
Suggests a potential retest or breakdown level around 3,830.6.
Market Sentiment:
The market is showing slight bullish momentum, but the price remains within a tight range.
A breakout above 3,040.000 could signal a stronger bullish trend, while a breakdown below 3,022.000 may indicate bearish pressure.
Trading Strategy:
Bullish Scenario:
Entry: Consider a long position if the price breaks and sustains above 3,040.000.
Targets:
3,050.000 (First Target)
3,060.000 (Second Target)
3,070.000 (Major Resistance)
Stop Loss: Place below 3,022.000 to manage risk.
Bearish Scenario:
Entry: Consider a short position if the price breaks and sustains below 3,022.000.
Targets:
3,014.000 (First Target)
3,006.500 (Second Target)
2,999.000 (Major Support)
Stop Loss: Place above 3,035.410 to manage risk.
Risk Management:
Always use proper risk management techniques.
Risk no more than 1-2% of your trading capital per trade.
Adjust position sizes according to your risk tolerance and account size.
AUD/USD trade plan **Chart Pattern & Analysis**
* *Pattern Identified:**
- The chart shows an **Ascending Triangle** pattern on the **AUD/USD 15-minute timeframe**.
- This is typically a **bullish continuation pattern**, indicating that price may break out to the upside.
**Key Levels:**
- **Resistance (Upper Trendline):** Around **0.6380**
- **Support (Lower Trendline):** Around **0.6365**
- **Exponential Moving Averages (EMA):**
- 7 EMA: **0.63768** (Short-term trend)
- 21 EMA: **0.63785** (Medium-term trend)
- 50 EMA: **0.63774** (Long-term trend)
**Trading Strategy:**
- **Bullish Case (Buy Entry):**
- If price **breaks above the upper trendline** (~0.6380) with strong volume, it could continue upward.
- **Target:** Next resistance level (~0.6440)
- **Stop-loss:** Below **0.6365**
- **Bearish Case (Sell Entry):**
- If price **breaks below the lower trendline**, the trend may reverse.
- **Target:** ~0.6320 (Previous support)
- **Stop-loss:** Above **0.6380**
**Conclusion:**
- Watch for a breakout confirmation before entering a trade.
- Volume and EMA crossovers can provide additional signals.
Bitcoin can rebound from triangle pattern to 90K pointsHello traders, I want share with you my opinion about Bitcoin. Not long ago, the price was trading within a range, where it quickly entered the seller zone and remained near this area for quite some time. BTC attempted to rise but failed, and after nearly reaching the upper boundary of the range, it dropped sharply. The price broke through the 94000 level, exiting the range as well, and then fell to the support level, which aligned with the buyer zone. Shortly after, the price made a strong upward impulse toward the resistance level before starting a decline within a downward triangle. Inside this pattern, BTC initially made a correction, climbed back to the resistance line of the triangle, and then resumed its decline. Eventually, the price dropped to the 78900 support level, where it touched the triangle’s support line and then began to rise. At the moment, BTC continues to climb near this level, and I expect it to rebound from the support line of the triangle and break above the resistance, signaling an exit from the pattern. If this happens, I anticipate further growth, so my target is set at 90000 points. Please share this idea with your friends and click Boost 🚀
Bitcoin Rebounds with Dovish FOMC, Preparing to Test TrendlineBitcoin has broken out of the ascending triangle and is starting to regain some lost ground. While the medium-term trend remains downward, if BTC holds above the upper boundary of the triangle (around 85K), another leg higher with a potential target between 90K and 91K becomes more likely, depending on the pace of the move.
Supporting the bullish case are factors such as the Ripple case drop, a slightly dovish FOMC, and rumors of new crypto-related actions from Trump.
However, if Bitcoin falls back below the 85K level today, the next key support to watch is around 82,500. A move down to this level alone wouldn't completely negate the bullish outlookfor short term. But if Bitcoin also breaks below the lower boundary of the former triangle too, it would significantly increase bearish pressure.
Further Underperformance for the US Dollar Index? Down nearly 4.0% this month, the US Dollar Index demonstrates scope to navigate deeper waters on the monthly chart towards the 50-month simple moving average (SMA) at 101.72. A similar vibe is evident on the daily chart. Following a test of support-turned-resistance at 103.94, a possible bearish scenario could unfold if price breaches the lower edge of the current descending triangle pattern (103.22/104.09). If a breakout lower materialises, follow-through downside could see support at 101.92 make an entrance (set just north of the 50-month SMA).
GOLD → Fading out before the news. Possible long-squeezeFX:XAUUSD continues its bullish trend, but locally, the movement is in a very narrow channel (wedge). To form a potential for further movement, the price may form a long-squeeze before or at the time of news...
Fundamentally, gold remains a bullish asset due to the Fed's rate cut forecasts and economic risks associated with Trump's tariff policy. Gold hit a new high on Wednesday after the Fed reiterated plans to cut rates twice this year, raised its inflation forecast and worsened growth and employment estimates.The price is further supported by escalating geopolitical tensions in the Middle East, with Israel announcing the resumption of ground operations in Gaza.
Gold is forming a bull market. Before further growth (before the news) the price may enter the liquidity zone (fvg, 3028, 3024), after which it will continue to grow. Dollar enters local correction before the news, which creates pressure on gold
Resistance levels: 3046, 3051, 3056
Support levels: 3038, 3030, 3024
Price is forming a retest of the wedge support, which increases the chances of a breakdown. If the support fails to hold, the price may go down to the above support before rising further.
But! If gold bounces from 3038 and consolidates above 3044, the growth will continue without a deep pullback
Regards R. Linda!
How to Trade News!Heads up, everyone! The Federal Reserve's interest rate decision will be announced in one hour! Currently, gold is consolidating in a narrow range around the 3035 level. At this point, it's not advisable to enter short positions on gold just yet.
📍From a technical perspective, gold has formed an ascending triangle pattern. If it fails to break below the 3027-3025 support zone, the bullish momentum could persist, with an upside target in the 3045-3055 range. Therefore, it's best to hold off on aggressive short positions for now.
📍However, if gold, driven by the upcoming announcement, struggles to break above the 3045-3055 resistance area, 3045 may establish itself as a short-term top. In that scenario, short positions can be considered using the 3040-3050 zone as a resistance level.
🔎Xauusd:@3040-3050 Sell，TP：3030-3020；
📍On the other hand, if gold decisively breaks below the 3025-3020 support level, attention should be focused on the 3010-3000 range. Should gold find support and stabilize within this range, it may present a favorable opportunity to go long once again.
🔎Xauusd:@3010-3000 Buy， TP：3030-3040
📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
PLUME 1D: Breakout After 54-Day ConsolidationPLUME has finally broken out of a 54-day consolidation phase on the daily timeframe, forming a clear triangle pattern. This breakout could signal the start of a new upward trend, making it an interesting spot market buy opportunity. Are you watching PLUME? Let’s discuss the potential! Share your thoughts below!
Bitcoin - This indicator is always right! Crash to 40k in 2026.What we can see on the chart is Bitcoin cycles. We can statistically predict Bitcoin moves with this simple chart, because it's always right and never wrong. What can we say with certainty?
Statistically:
Bitcoin's bull markets last for 742 to 1065 days
Bitcoin's bear markets last for 364 to 413 days
Correction is every time weaker, but still huge
The recent uptrend on Bitcoin started in December 2022 and ended in January 2025 (791 days). We know that statistically bull markets last for 742 to 1065 days, so this indicator tells us that the bull market ended! This indicator was never wrong, so do your own research. It's always like this. Moon boys calling for 300k, 500k, or 1M in 2025 do not follow my TradingView profile because otherwise they would know this strong fundamental fact. The market cap of Bitcoin is already too big, so forget about 500K or 1M in the short term because the market cap would be higher than gold. Gold is the number 1 asset in the world.
Statistically, Bitcoin crashes every 4 years by 86% to 77%. The market cap is getting bigger as institutions step in, so this time I expect a weaker crash (around 65%). Still, it's a huge crash, and many investors will sell at a loss as usual. Knowledge of the Bitcoin cycles will save you a lot of money.
Bitcoin halving is coded to occur once every 210,000 blocks, or roughly every four years, and will continue in this fashion until the final supply of 21 million BTC is reached. It is assumed that the last BTC will be mined in 2140. After that, transaction fees are supposed to be the only source of block rewards for miners.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Massive pump incomingWaiting for breakout here , giga bullish 🔥 , symetrical triangle
goodluck , dyor 🔥
Trading opportunity for TELUSDTBased on technical factors there is a Buy position in :
📊 TELUSDT
🔵 Buy Now
🪫Stop loss 0.005100
🔋Target 0.007000
📏 R/R 2
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
GOLD → Consolidation ahead of Fed rate meeting...FX:XAUUSD goes into consolidation 3038 - 3024 before the news - Fed rate meeting. The situation is generally predictable, but gold is reacting to rising geopolitical risks.
Gold is stabilizing before the Fed decision , markets are waiting for the data. The regulator is expected to keep rates, but Powell's forecasts will determine further dynamics.
“Hawkish” tone of the Fed may lead to the strengthening of the dollar and gold correction.
“Dovish” signals about economic risks will support the growth of metal prices.
Geopolitical tensions and Trump's tariffs continue to have an impact.The market is preparing for high volatility on the background of the Fed's decision and events in the world
Resistance levels: 2038, 2045
Support levels: 3024, 3015, 3004.9
Several scenarios can be considered for trading:
Breakdown of resistance 3038 - 3045, consolidation of the price above the level with subsequent growth to 3050 - 3060.
Or wait for the reaction to the news and with a possible breakdown of support to look for strong levels to trade a false breakdown, for example 3024, 3015, 3005.
Regards R. Linda!
USDJPY → Resistance retest (wedge) before the Fed meetingFX:USDJPY is forming a correction to trend resistance as part of the dollar index consolidation. An interesting situation is forming which could be a continuation of the downtrend.
Fundamentally, today is an important day. The FED interest rate meeting is ahead. Traders are waiting, the dollar is consolidating at this time. Most likely the rate will remain unchanged, but in this key everyone is interested in Powell's comments on monetary policy and their future actions.
USDJPY at this time is forming a correction to the bearish trend resistance, before the news the currency pair may test the resistance conglomerate: a wedge, 0.79 fibo, or an orderblock located outside the channel
Resistance levels: 150.16, 150.95
Support levels: 148.92
False breakout of the resistance zone can provoke a fall, as well as breakdown of the support of the “wedge” with the subsequent consolidation of the price in the selling zone. The price may test the zone of interest at 147.6, 146.54.
Regards R. Linda!
AUDJPY Triangular BreakoutWe're looking at a potential buy on AUDJPY with a Triangular Breakout. Expecting price to reach around 95.70 zone within next few hours
Gold (XAU/USD) Breakout & Retest Trade Setup - Bullish Move!Gold (XAU/USD) has successfully broken out of the consolidation zone after a strong rally. The price action recently tested the previous resistance level, which is now acting as new support.
Trade Setup:
Entry: Price has retested the breakout zone and is showing signs of bullish momentum.
Support: The previous resistance area (now turned support) is holding well.
Stop Loss: Placed just below the support at $3,034.562 to manage risk.
Target: A potential upside move towards the $3,055 zone, which aligns with the next key resistance level.
This setup follows a breakout-retest continuation pattern, a classic technical strategy where price revisits a breakout level before resuming the trend. If bullish momentum continues, we can expect a move towards the projected target.
📌 Key Levels to Watch:
Support: $3,034.562
Resistance/Target: $3,055
Current Price: $3,039.925
💡 Risk-to-Reward Ratio: Favorable, as the stop loss is placed strategically below support.
⚠️ Disclaimer : This is not financial advice. Always manage your risk and use proper risk management techniques.
What are your thoughts on this setup? Will Gold push higher or face rejection? Let me know in the comments! 🚀💬
Analysis of USD/JPY Chart**Analysis of USD/JPY Chart**
**Chart Pattern & Market Structure**
- The chart identifies a **triangle chart pattern**, which often signals a potential breakout.
- Price has been consolidating within this structure and recently **broke above the pattern**, indicating possible bullish momentum.
**Key Technical Levels**
- **Resistance Zone (~149.8 - 150.0):** Price is testing this area, which previously acted as a supply zone. A breakout above could open doors for higher levels.
- **Support Zone (~148.5 - 149.0):** If price retraces, this area could act as a strong demand zone.
- **EMA50 (~149.2):** Currently acting as a dynamic support, maintaining the bullish structure.
**Potential Price Movement**
- The chart suggests a possible pullback toward **support** before continuing higher toward the next resistance zone (~151.5 - 152.0).
- If price breaks below the **support zone**, the uptrend could weaken, leading to a bearish scenario.
**Trading Considerations**
- A **successful breakout above resistance** (~150) could push price towards **152.0**.
- A **rejection at resistance** might bring price back to **support (~148.5 - 149.0)** before another bullish attempt.
- Traders should watch for **confirmation signals** (candlestick patterns, volume spikes) before entering trades.
Copper breaks out but misses target, what's next?Copper formed an ascending triangle from mid-February, triggering the pattern on March 12. The price moved higher as expected but remains just shy of its target at 5.12. If there is a pullback toward 4.91, or in the worst case down to the breakout point at 4.84, traders will likely see this as a buying opportunity to align with the pattern's upward momentum. The pattern remains valid as long as the price stays above 4.78, a level just below the strong retest of the breakout point on March 13.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
XAUUSD still hoping for retracementThis is an update to my related chart (see link below)
Update:
Gold is rising quickly. I am still hoping for a retracement. I have updated my entry positions to:
First Entry: 3023.365 which is in the middle of a new support level on the 1hour chart. Using Fib on the Bullish Pennant target, this entry is at the 0.5 level.
Second Entry: 3012.392 which is within a support area as well. Using Fib on the Triangle target, this entry is just below 0.618 level.
