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Rising Wedge

NZDJPY Technical + Fundamental Short Alignment = Short SetupToday, I want to review the NZDJPY ( OANDA:NZDJPY ) pair short position from a fundamental and technical perspective . It seems to be in a good zone for a short position. Do you agree with me? ---------------------------------------- First, let's look at the fundamentals of NZDJPY. New Zealand (RBNZ): The Reserve Bank of New Zealand cut the OCR by 25bps in May and hinted at further easing if inflation continues to cool. Recent CPI data has shown clear disinflation trends, increasing the likelihood of more rate cuts in the second half of 2025. Consumer confidence is also declining, and retail sales have been weaker than expected. Japan (BoJ): The Bank of Japan is under growing pressure to tighten monetary policy. Inflation remains above 2%, and market expectations for a rate hike later this year are building. Any shift from ultra-loose policy supports JPY strength, especially against weaker yielders like NZD. Macro Summary: Diverging monetary policies: RBNZ easing, BoJ possibly tightening. NZD weakened by soft data, JPY strengthened by policy expectations. Risk sentiment is currently neutral-to-negative, favoring safe-haven JPY. Conclusion: Short NZDJPY is fundamentally justified. The pair aligns with macro forces: NZD is pressured by rate cuts and weak growth, while JPY is poised to strengthen with upcoming policy shifts. ---------------------------------------- Now let's take a look at the NZDJPY chart on the 4-hour time frame . NZDJPY is currently trading near the Potential Reversal Zone(PRZ) . In terms of classic technical analysis , it appears that NZDJPY has successfully formed a Rising Wedge Pattern . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. Based on the above explanation , I expect NZDJPY to drop to at least 87.159 JPY if the lower line of the Rising Wedge Pattern and the Support zone(86.50 JPY-87.00 JPY) are broken, the second target could be 86.043 JPY . Note: Stop Loss(SL): 88.378 JPY Please respect each other's ideas and express them politely if you agree or disagree. New Zealand Dollar/ Japanese Yen Analyze (NZDJPY), 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.
Short
by pejman_zwin
1
Gold Correction = Bearish Divergence + Wedge + Zigzag CompleteGold ( OANDA:XAUUSD ) attacked the Resistance zone($3,387-$3,357) today after the release of the US CPI indices . Although the figures seemed to be in gold's favor, traders still seem to be determined to continue the price correction. In terms of Elliott Wave theory , it seems that Gold has managed to complete the Zigzag Correction. We should wait for the next 5 down waves . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . In terms of Classic Technical Analysis , Gold appears to have successfully formed a Rising Wedge Pattern . I expect Gold to drop to at least $3,296 AFTER breaking the lower line of the Rising Wedge Pattern . Note: Stop Loss(SL)= $3,380 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
32
AUDCHF → Hunting for liquidity. Fall from resistanceFX:AUDCHF is emerging from local consolidation and entering a distribution phase. Potentially, against the backdrop of a downtrend, the market may be interested in the liquidity zone at 0.5356 Globally, we have a strong downtrend and a countertrend correction that is facing pressure in the 0.545 zone. The decline is resuming, but at some point the market formed an EQH liquidity pool at 0.5356, which is most likely acting as a magnet pulling the price towards it... Based on the technical situation, we can conclude that if the price continues to form a distribution towards the target, the market is quite capable of stopping the price and returning to the downtrend phase. Resistance levels: 0.535, 0.5356 Support levels: 0.5327, 0.5314 Thus, a breakout of the resistance level of 0.5356 without the possibility of continuing growth and a return of the price below the resistance level with subsequent price consolidation in the sales zone (below 0.5356) may trigger a resumption of the downward trend. Best regards, R. Lind
Short
by RLinda
EURUSD Forms Rising Wedge + Evening Star_ Bearish SetupAs I expected in the previous idea , the EURUSD ( FX:EURUSD ) started to rise after breaking the upper line of the descending channel and hit the Long Position target with Risk-To-Reward: 1.46 . The EURUSD is trading near the Resistance zone($1.149-$1.142) . From a Classic Technical perspective, EURUSD appears to be completing a Rising Wedge Reversal Pattern . Also, a good sign for a EURUSD reversal is the formation of an Evening Star Candlestick Pattern near the upper line of the rising wedge pattern. Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . In terms of Elliott Wave theory , I think the EURUSD corrective waves are NOT over yet, and it seems that EURUSD has completed the main wave X inside the rising wedge pattern. I expect EURUSD to decline to at least $1.126 AFTER breaking the lower line of the wedge pattern. Note: If EURUSD touches $1.14903 , we can expect more pump. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S. Dollar Analyze (EURUSD), 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.
Short
by pejman_zwin
7
Flying into the sun or about to get burnt?Market is about to reach all-time highs again. Many trade deals must have been made. Interest rates must have been cut. Wars must have been resolved. Personal debt must have come under control. Corporate debt must have been resolved. Wait, nothing has changed? Things are worse? Well why is the index about to hit new all-time highs? My take is a major fake out. We are about to set a double top as we complete a rising wedge pattern. The rising wedge. What began at the market bottom on 7 April, has remained bound in a channel. If the first pump up was an A followed by the declaration of the channel bottom as B, wave C has last over a month upward. We have wave 3 signals identifying wave 3 of C ending with the high on 19 May. Last week's dip was wave 4 and now we fly high this week. It is unclear if we actually make a new all-time high or fall just short. The below chart has 138.197% extension around 610.63. Inside wave C, my wave 1 was nine days long, and wave 3 was only 8. This points to wave 5 lasting less than 8 days. A common wave 1-3-5 duration in relation to wave 3 is around 114% for 1 and 50% for wave 5. The height of the rising wedge covers 66.82 points. This same distance should provide the first target bottom once we exit the channel, possibly as early as next week. Once the bottom falls, we then examine the double top pattern. Although the neckline stretches far backwards, the bottom is established at the 7 April low. The distance from the neckline to the all-time high in February provides the next possible minimum target bottom by taking this 131.43 drop and subtracting it from the neckline of 481.80. This puts the initial low around 350.37 sometime later this year or early next. There is a perfect storm of calamity brewing with zero resolutions in place or even planned. Do we finally drop or keep rising into the sun?
AMEX:SPYShort
by StockSignaler
1
EUR/USD - Is the uptrend about to end?The EUR/USD currency pair has demonstrated a consistent uptrend on the 4-hour chart for approximately two weeks. This sustained bullish momentum has captured the attention of traders and analysts alike, who are now questioning whether the pair can maintain its upward trajectory or if a retracement is imminent as it approaches significant resistance levels. Rising wedge A closer examination of the price action reveals that EUR/USD has been advancing within a rising wedge formation. This technical pattern is generally considered bearish, as it often precedes a reversal or a breakdown rather than a continued rally. Rising wedges are characterized by converging trendlines, with price making higher highs and higher lows at a diminishing rate, which typically signals waning bullish momentum and a potential for sellers to regain control. Strong resistance Recently, the pair encountered a notable resistance zone around the 1.141 level. Upon reaching this area, EUR/USD faced a rejection, resulting in a pullback from its recent highs. While there is a possibility that the pair could make another attempt to test this resistance, the initial rejection suggests that the upward move may be losing steam. As a result, the likelihood of a retracement has increased, especially given the bearish implications of the rising wedge pattern. Support/target zone If the pair does indeed correct lower, a logical target for a cooldown would be the green support zone near 1.127. This level has previously acted as a strong support area, and it could serve as a foundation for buyers to step in once more, potentially setting the stage for another move higher. Until the resistance at 1.141 is decisively broken, caution is warranted, and a period of consolidation or a pullback towards support appears increasingly probable. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
Short
by Youriverse
22
BTC DOMINANCE AT CRUCIAL LEVEL! When Alt season? 🚀 Hey Traders! 👋 If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥 Bitcoin dominance is once again hovering around the key resistance zone (~64%) that previously triggered a sharp rejection and boosted altcoins. 🚨 🟢 What we're watching: Dominance bounced back after a breakdown from the rising wedge 📉 It's now retesting the breakdown zone (red resistance) A rejection here = Altcoin Rally 🎯 A clean breakout above = Altcoins stay weak ⚠️ ⏳ We’re at a decision point. Altcoin bulls are watching this zone very closely. 🧠 Our take: Until BTC.D rejects from this level, don’t expect a full-blown Altseason. A strong red candle from here could open the floodgates for mid and low caps to run wild again. 🚀 📌 Stay patient, stay positioned. The move will be big—just a matter of “when.”
CRYPTOCAP:BTC.DShort
by CoreCrypto1
4
EUR/USD Breakdown Imminent – Rising Wedge at Major ResistanceOn the 1H chart, EUR/USD has developed a Rising Wedge pattern, a classical bearish reversal formation. The pair has been moving higher within a tightening structure, marked by converging trendlines—indicating weakening bullish momentum. What makes this pattern more compelling is that it’s occurring just below a well-defined Major Resistance Zone around 1.1380–1.1400, where previous attempts to break higher have failed. This area has historically acted as a strong supply zone, increasing the probability of a reversal. 🔍 Key Technical Components: Rising Wedge Pattern: The wedge reflects a temporary uptrend with weakening strength. Bullish candles are getting smaller, and volume appears to be fading (not shown here but typically expected in this setup). Black Mind Curve Support: A custom support curve illustrating the underlying parabolic trend. Once this is broken, it often leads to a steeper selloff. Change of Character (CHOCH): Around the 1.1260 level, there's a possible shift from bullish to bearish structure. If price breaks and closes below this level, it will likely confirm a momentum reversal. Target Projection: The measured move and previous structural support suggest a drop toward 1.11479, which coincides with a prior demand zone. This also aligns with a potential liquidity sweep beneath recent lows. 🔔 Price Action Signals to Watch: Bearish engulfing candles or strong rejections from the wedge’s upper boundary. Breakdown below the lower wedge line and the curved support. CHOCH confirmation – market structure shift from bullish to bearish around 1.1260. Retest of the wedge breakout level, followed by continuation to the downside. 📌 Trading Plan (Not Financial Advice): Entry: On break and retest of wedge support. Stop Loss: Above the wedge high or resistance (~1.1400). Target: 1.11479 for first take-profit level; partials can be taken at 1.1260 if needed. 📉 Bias: Short-Term Bearish – Only upon wedge breakdown and confirmation. 🧠 Minds Section (Expanded for Traders' Perspective) EUR/USD is approaching a critical technical juncture. We are seeing a textbook rising wedge formation into a major resistance zone, signaling exhaustion of bullish strength. While the pair has enjoyed upward momentum, price action is showing signs of slowing, and the structure is no longer sustainable. This pattern often traps late buyers before reversing. We are closely watching the lower wedge boundary and curved support—a breakdown here will likely trigger bearish momentum, especially with the CHOCH area near 1.1260 acting as a structure-defining level. If sellers gain control and the breakdown confirms, there’s high probability for a fall to 1.11479, targeting prior demand zones and potential liquidity pockets. Now is the time to be cautious if long, or begin planning short setups. Wait for confirmation—no need to rush the trade.
Short
by GoldMasterTrades
JPY/USD Rising Wedge Breakdown – Bearish Reversal in Play🔎 Technical Breakdown: 1. Rising Wedge Formation: The pair has been trading within a Rising Wedge, a bearish reversal pattern that forms when price makes higher highs and higher lows but with diminishing momentum. The wedge is visible from the swing low on May 13, where price began to climb aggressively but within increasingly narrow price action. This narrowing range signals weakening bullish strength. 2. Key Resistance Zone: The wedge forms right below a Major Resistance Zone marked earlier in the chart (around 0.007050), where price had previously faced heavy selling pressure. This adds confluence to the bearish bias, as the zone historically acted as a turning point. 3. SR Interchange Zone: Below the wedge lies a Support-turned-Resistance (SR) Interchange level, a critical price area where past support may now act as resistance if the price attempts to retrace. This is a commonly watched level by institutional and technical traders. 4. Breakdown Confirmation: The price has broken below the wedge's lower trendline, which is often considered the breakdown signal. A valid breakdown typically includes a close outside the wedge body followed by a retest or continuation. 5. Bearish Target: The projected move is toward 0.006796, derived by measuring the wedge height and applying it from the breakdown point. This level aligns with a historical support zone, adding more confluence to the target. 🧠 Psychological & Structural View: Bullish exhaustion: Buyers pushed price higher into resistance, but momentum slowed, signaling exhaustion. Trapped longs: Traders who entered late in the wedge may now be trapped, potentially accelerating a sell-off as they exit. Smart money behavior: Rising wedges near resistance often signal distribution by smart money before a drop. 🛠️ Trading Plan Suggestion (Not Financial Advice): Entry: After a clear wedge breakdown, consider short entries on a retest of the broken trendline or a bearish candle confirmation. SL: Above the wedge high or major resistance zone. TP: Staggered exits below 0.006850 and final target around 0.006796. 🔁 What to Watch For: Retest of the wedge breakdown (potential short entry zone) Momentum confirmation via volume or bearish candles Price reaction at SR Interchange and final support target 🧠 Minds Section – Condensed Summary JPY/USD formed a Rising Wedge below major resistance, signaling bullish exhaustion. Price has broken down from the wedge, confirming bearish momentum. A clean breakdown targets 0.006796, with SR interchange acting as a minor support. A retest of the wedge breakdown could offer a good short opportunity.
Short
by GoldMasterTrades
Gold (XAU/USD) Technical Analysis – Rising Wedge Breakdown & MMC🧠 2. Introduction to Mirror Market Concepts (MMC): MMC, or Mirror Market Concepts, is a powerful technique that views price action as symmetrical or repetitive in nature. In this scenario, we notice that the right side of the chart mirrors the left — suggesting that after this bullish climb, the market might repeat its earlier bearish behavior but in a reflected pattern. This adds confluence to our bearish outlook and makes the forecast more robust. 🔺 3. Rising Wedge Pattern – Bearish Reversal Signal: The most critical part of this analysis is the formation of a Rising Wedge — a classic reversal pattern. Let’s break down what it means: Structure: The wedge is formed by two upward-sloping trendlines converging at the top. Volume Behavior: Volume typically decreases as the wedge matures, showing that bulls are losing strength. Psychology: Buyers keep pushing the price higher, but each move has less momentum than the last. Sellers are quietly preparing for a breakdown. The moment price breaks below the wedge’s lower trendline, it usually triggers panic selling or aggressive short entries. 🔄 4. Key Price Levels & Zones: Minor Resistance Zone: Price rejected near a historical resistance area, showing sellers are still active. Previous Target Zone: This area acted as a ceiling before the rejection — important for reversal confirmation. SR Interchange Zone: A classic zone where support becomes resistance — this adds strong confluence to the reversal idea. 🎯 Bearish Trade Plan & Take-Profit Levels: Once the wedge breaks down, the projected move is based on measured moves and prior support levels. Here’s the breakdown: ✅ TP1 (Take Profit 1): 3,275.30 – This is the first key support level right after the wedge breakdown. Ideal for partial profits. ✅ TP2: 3,205.64 – Previous support zone from earlier consolidation. High probability target. ✅ TP3: 3,169.18 – A more extended target that aligns with historical price memory and full wedge depth. Each TP level is supported by historical price structure and previous volume clusters. ⚠️ Risk Factors & Trade Management: While this setup looks strong, always consider: False Breakouts : Wedges can fake out traders. Wait for candle close confirmation below the wedge. News Events : Macroeconomic announcements (especially U.S. dollar data) can reverse technical setups. Risk-to-Reward: Don’t enter without calculating your stop loss above the wedge and aiming for at least a 1:2 ratio. 🧠 Conclusion – What This Setup Tells Us: This chart is a perfect blend of price action + market symmetry (MMC). The rising wedge signals that bulls are running out of steam, while MMC suggests a mirrored decline could follow. If price action confirms the breakdown with momentum and volume, this could be a high-probability short setup for swing traders and intraday players alike.
OANDA:XAUUSDShort
by GoldMasterTrades
EUR/JPY Technical Breakdown: Rising Wedge Breakdown + Target🔺 1. Rising Wedge Pattern Explained A Rising Wedge is formed when: Price action creates higher highs and higher lows, but The slope of the support line is steeper than the resistance line. This signals that buyers are losing strength, and momentum is fading. In this chart: The wedge began forming around mid-February 2025. Price was compressing within converging trendlines. After multiple failed breakouts near resistance (~165.50), the pair finally broke below the lower trendline, confirming a bearish breakout. This pattern is considered reliable because it traps late buyers and shifts sentiment from bullish to bearish quickly once the lower boundary is breached. 🔻 2. Key Technical Zones 📌 Major Resistance Zone (~165.00 – 166.00) Strong supply area; price has rejected here multiple times since late 2023. Resistance was confirmed again during the wedge formation. High volume spike noted near this level, followed by a steep drop—evidence of distribution and smart money exiting long positions. 📌 Major Support Zone (~156.00 – 157.00) Historically held as a demand zone. Previous bounces suggest it is structurally significant. However, repeated tests can weaken the zone, increasing the likelihood of a breakdown. 🎯 Target Price: 153.433 Measured by taking the height of the wedge and projecting it from the breakout point. Coincides with a previously tested level (support turned target). Bears could aim for this level as a swing target. 📉 3. Market Psychology Behind the Pattern As price climbs inside a rising wedge, volume often declines, showing buyer exhaustion. False breakouts near the top of the wedge trap breakout traders, adding fuel to the downside move once price breaks the lower boundary. The sharp selloff post-breakout is often driven by stop-loss cascades and aggressive short positioning. 🔁 4. Potential Price Path & Trade Plan Retest in Progress: Price may retest the broken wedge support (now resistance) near 163.00–164.00 before further decline. This retest zone offers a high-probability short entry opportunity with tight risk management. Immediate Downside Levels: 160.00 (psychological level), 157.00 (support zone), and final target at 153.43. Bearish Continuation Scenario: If the pair maintains below the wedge and forms lower highs, it confirms ongoing bearish sentiment. 🛑 5. Risk Factors to Monitor ECB or BOJ monetary policy shifts (rate cuts/hikes, yield curve control updates). Risk-on vs risk-off flows, especially in times of geopolitical or macroeconomic shocks. Intervention by the Bank of Japan to protect JPY from excessive weakening. ✅ Conclusion: A Tactical Short Opportunity The EUR/JPY chart is setting up for a potential medium-term short swing trade following a confirmed rising wedge breakdown. With clear rejection from a long-standing resistance zone and fading bullish momentum, the technicals align for a move toward 153.43 over the coming weeks. Traders should watch for clean retests and structure-based entries, managing risk around 164.50 with profit-taking at key support zones along the path.
Short
by GoldMasterTrades
EUR/USD Rising Wedge Breakdown – Bearish Opportunity in Sight🔍 Technical Breakdown 🟦 1. Rising Wedge Pattern (Bearish) The price has been moving within a tightening upward channel — forming higher highs and higher lows, but with decreasing momentum. This is a typical Rising Wedge, a pattern that signals exhaustion in an uptrend and typically resolves to the downside. The pattern formed over several days. Volume has been declining as the price pushed higher — a classic sign of weakening trend strength. 🚨 2. Major Resistance Zone The wedge culminated near a major historical resistance zone (around 1.1400), which price failed to break multiple times — showing strong seller presence. This adds confluence to the bearish breakdown. 📉 3. Breakdown & Retest Price broke below the lower wedge trendline, confirming the bearish reversal. After the breakdown, the pair appears to be retesting the previous support line — now acting as new resistance. This retest is crucial — a successful rejection here typically confirms the breakdown and provides an ideal entry point for short positions. ⚡ Volume Clues Note the "Volume Burst" earlier in the chart, followed by a sharp move up. But that rally was unsustainable — buyers couldn’t hold above resistance, and volume has since faded. This volume exhaustion is further evidence that bullish momentum is weakening. 🔄 Key Support Zones Below Around 1.1200: A strong SR flip zone (support-turned-resistance), which could act as temporary support. Final Bearish Target: Around 1.1070, a strong demand zone where price previously consolidated before the last bullish run. This is the measured move target from the wedge height applied to the breakdown point. 🧠 Why This Matters (Trader Insight) This setup combines: A reliable bearish pattern (rising wedge) Key horizontal resistance A volume drop A clean retest structure That makes it a high-confluence short trade idea. These patterns don't always play out immediately, but when they do, they often drop hard. 📌 Trade Setup Summary Bias: Bearish Pattern : Rising Wedge (broken) Current Action: Retesting the broken wedge Entry Zone: 1.135–1.138 (retest confirmation) First Target: 1.1200 (SR Flip) Final Target: 1.1070 (Demand Zone) Invalidation: Break and hold above 1.1410
Short
by GoldMasterTrades
1
Bitcoin (BTC/USD) – Rising Wedge Pattern Signals & BreakdownThis chart illustrates a Rising Wedge Pattern on the weekly timeframe for Bitcoin (BTC/USD), which is generally considered a bearish reversal pattern in technical analysis. The pattern appears after a strong upward move and typically signals that the price is losing momentum and may be preparing for a significant correction. 📐 What is a Rising Wedge Pattern? A rising wedge is a chart pattern formed when the price consolidates between two upward-sloping trendlines – the support line (bottom) and the resistance line (top) – with the two lines converging toward each other. As price climbs higher, it forms higher highs and higher lows. However, the slope of the highs is less steep than the slope of the lows, showing a loss of bullish strength. Eventually, the price breaks below the support line, often leading to a sharp move downward. 🔍 Key Highlights from the Chart: 📌 1. Major Resistance Zone (~$110K–$120K): BTC is currently facing heavy resistance in this area. This zone has historically acted as a supply zone where bulls have struggled to break through. Multiple rejection wicks indicate strong selling pressure. 📌 2. Pattern Touchpoints: BTC has now formed multiple touchpoints on both the support and resistance lines of the wedge, confirming the structure. This gives the pattern higher validity from a technical analysis perspective. 📌 3. SR Interchange Zone (~$65K–$70K): This is a key horizontal zone where past resistance could act as future support. A successful breakdown may first test this level before continuation. 📌 4. Retesting After Breakdown: After breaking the wedge support, a retest of the broken trendline is often seen. If the retest is rejected, it confirms the breakdown and opens the door to deeper bearish movement. 🎯 Target Projection: If the wedge breaks down and the bearish scenario plays out, we could see Bitcoin fall to the $22,000–$25,000 region – marked as the final target zone on the chart. This level aligns with: Previous macro-support zones from 2021 Fibonacci retracement levels Psychological price levels where buyers may re-enter ⚠️ Bearish Factors to Watch: Bearish divergence on indicators like RSI or MACD (not shown on chart but worth checking) Volume decreasing as price rises – a classic wedge behavior Macroeconomic headwinds or Bitcoin halving-related exhaustion Rejection from major resistance with strong bearish candles 🕒 Timeframe & Patience: This is a weekly chart, which means the pattern will play out over weeks or months, not days. Patience is key. A clear break, retest, and rejection would be the most reliable confirmation to expect further downside. ✅ Invalidation Scenario: If BTC breaks above the wedge resistance line with strong bullish volume and holds above the $120K level, this bearish thesis becomes invalid. In that case, BTC could enter price discovery mode, making new all-time highs. 💬 Final Thoughts: This analysis is a technical outlook, not financial advice. Always use stop-loss strategies and manage your risk carefully. Market sentiment, news, and macro factors can quickly shift the scenario. However, from a purely technical standpoint, the rising wedge pattern is a powerful signal that should not be ignored.
CRYPTO:BTCUSDShort
by GoldMasterTrades
1
$GOOGL the pattern is there, target $152, short setup.NASDAQ:GOOGL You tell me. This looks so ready to go back below $150. My target is $152. I am entering puts right now with a strike price of $150 for 6/20 starting at $1.33 entry. I will add some on a push towards $167-$168. I will give up if it pushes through or holds at $170. This just looks to good TECHNICALLY in my opinion. I will keep you updated. I am willing to watch this position go down 65% where I will consider selling; looking at price and time to expiration. We are not out of the weeds yet when it comes to political rhetoric regarding tariffs even though this name shouldn't be affected by such because it is software, nothing physical but when the idea of tariffs are spewed the market as a whole reacts in negatively. WSL.
NASDAQ:GOOGLShort
by wallstreetloser001
Rising Wedge Breakdown – Bearish Setup on Silver (XAGUSD)Silver (XAG/USD) is currently trading within a bearish rising wedge formation on the 8-hour timeframe, and the market structure is hinting at a potential reversal to the downside. The confluence of resistance zones, pattern anatomy, and historical price action all point to a high-probability short setup, especially if key support levels are breached. 📈 Pattern Analysis: Rising Wedge A rising wedge is typically a bearish chart pattern that forms when price consolidates between two upward sloping trendlines. However, the upper trendline rises at a slower pace than the lower one—indicating decelerating bullish strength. It often precedes a bearish breakout, especially if volume decreases near the apex. In this case, the wedge is forming just below a major resistance zone around the $34.00 area, adding weight to the bearish scenario. 🔹 Key Technical Levels : 🟥 Resistance Zone ($33.80–$34.80): Price has tested and rejected this area multiple times in recent weeks. It marks a clear liquidity zone where sellers are in control. 🟩 Support Zone ($29.50–$30.30): This zone has provided strong support in previous retracements. If broken, it may flip into resistance upon retest. 🟦 Retest Zone (~$31.00–$31.50): If the wedge breaks downward, price may retest this area—creating an opportunity for traders to enter short with better risk-reward. 🎯 Final Bearish Target : $26.85: This level is derived from the height of the wedge and prior demand zones, making it a strong target area in a fully played-out bearish move. 🧠 Market Structure & Sentiment: Volume Analysis – Volume has been tapering off as the price squeezes within the wedge, which is a typical trait of rising wedges. A volume spike on breakdown would serve as confirmation. Trend Analysis – While the overall trend in the medium term has been bullish, the weakening upward momentum suggests that buyers are losing strength, and sellers may regain control soon. Rejection Candle s – Several recent candle wicks above the $33.50 zone show clear rejection and failure to close above, reinforcing the resistance level. 📊 Trade Plan (Educational Purposes Only): Criteria Details Bias Bearish (Rising Wedge Breakdown) Entry Option 1 On breakdown of wedge + retest Entry Option 2 Aggressive entry on breakdown candle close below $31.50 Stop Loss Above $33.80 (last resistance) Take Profit 1 $30.00 (support zone) Take Profit 2 $28.00 (partial exit) Take Profit 3 $26.85 (final target) 📌 Trading Psychology Note: Traders should remain patient and avoid entering prematurely. Let the pattern confirm itself with a clean break and retest. Risk management is critical—wedge patterns can also fake out before reversing hard. 🧾 Summary: Silver is nearing the end of a rising wedge pattern, right under a heavy resistance zone. Historical behavior, weakening momentum, and classic wedge structure suggest a potential bearish reversal. A break below the wedge support and a retest around $31.00 could present a high-probability short trade setup targeting the $26.85 area. Keep this chart on watch. A decisive move is likely coming soon.
OANDA:XAGUSDShort
by GoldMasterTrades
XAUUSD – Rising Wedge Breakdown in Play? | Bearish Setup Alert🧠 Market Analysis Gold (XAUUSD) has shown incredible bullish strength in recent months, driven by geopolitical tensions, inflation uncertainty, and increased demand for safe-haven assets. However, every trend experiences a pause or correction — and that’s where we may currently be. 📊 Pattern Overview: Rising Wedge Formation One of the most prominent technical patterns right now is the Rising Wedge. This is a bearish reversal pattern that occurs when price action consolidates upwards in a narrowing range, indicating waning bullish momentum and an imminent breakdown. In this chart: We see a clear series of higher highs and higher lows, forming two converging trendlines. The upper trendline acts as dynamic resistance, while the lower one has been supporting price until now. The wedge has now broken to the downside, signaling the potential start of a new short-term downtrend. 🔍 Key Technical Elements Explained: 🔵 1. Major Resistance Zone Marked in the blue rectangular box, this zone has acted as a historical pivot area — both as support and resistance in the past. The market respected this zone multiple times. Price action tends to hesitate or reverse in such regions due to large institutional order flows. 🧠 2. Black Mind Curve Resistance Unlike flat trendlines, the "Black Mind Curve" represents a curved, psychological dynamic resistance — often based on market sentiment, Fibonacci arcs, or logarithmic regression. It reflects the market’s natural rhythm and is respected due to the hidden behavior of algorithmic trading systems. Price just rejected this resistance after touching it during the wedge formation — a strong bearish clue. 🔄 3. Retest in Progress After breaking out of the rising wedge to the downside, price is now retesting the broken wedge support. This is a common price behavior known as the “kiss of death” — a final tap before continuation. If the price fails to reclaim this broken support zone, it confirms a bearish continuation is on the table. 🎯 Trade Plan: Entry, Target & Stop Trade Element Details Bias Bearish Entry Idea On confirmation of retest rejection (e.g., bearish engulfing candle) Stop Loss (SL) Above the recent high or resistance – near $3,413.58 Take Profit (TP) First major support near $3,153.70 (SR Interchange) Risk-Reward Ratio Estimated between 1:2 to 1:3, depending on entry 🔥 Bonus Target: If momentum increases, an extended drop toward $3,100–$3,080 is possible — where deeper demand lies. 🧘‍♂️ Trading Psychology & Risk Management: Let’s face it: Even the best setup can fail — which is why discipline is your edge. Confirmation is Key: Never short just because of a pattern. Wait for structure + candlestick confirmation (e.g., bearish engulfing, shooting star, etc.). Emotions Kill Accounts : Don’t let greed convince you to skip stop-losses or over-leverage. Let Price Come to You: If you missed the perfect entry, don’t chase. The market always gives second chances. 🧠 Educational Insight : What Makes This Setup Powerful? This setup is a confluence trade, meaning: You’re not relying on one signal, but multiple confirmations: Rising wedge (pattern-based) Resistance zone (horizontal S&D) Curved dynamic resistance (psychological + advanced trendline) Retest + rejection behavior (price action) These stacked layers of confirmation increase the probability of a successful trade. 📌 Final Thoughts: Gold is showing all the technical signs of a short-term bearish correction, despite the broader bullish narrative. For smart traders, this is an opportunity to catch a swing short with a clear entry, stop, and target. The key to winning here? Patience and confirmation. You don’t have to predict the market — just react to it with logic and discipline. Let the setup unfold naturally, and let the trade come to you. 💬 What’s Your Take? Are you shorting Gold here or waiting for more confirmation? Have you used curved resistance lines before in your analysis? Drop your thoughts below — and if this helped you, smash the like button, share with others, and follow me for more high-probability setups!
PEPPERSTONE:XAUUSDShort
by GoldMasterTrades
Bearish Reversal Confirmed – BTC Rising Wedge TrapBitcoin (BTCUSD) on the 1H timeframe is displaying a bearish reversal structure after failing to sustain a breakout above key resistance. The recent price action has formed a Rising Wedge Pattern, which typically precedes a downside correction, especially when formed near a key supply zone. Let’s break down the setup: 🔍 Technical Analysis Overview: 🔹 1. Rising Wedge Pattern (Bearish) A rising wedge is visible near the top of the recent bullish impulse. This wedge is characterized by converging trendlines with higher highs and higher lows, but with diminishing momentum. It typically signals a weakening uptrend and a potential trend reversal or correction once price breaks below the lower wedge boundary. The breakout to the downside has already begun, confirming bearish intent. 🔹 2. SR Interchange Zone The blue zone marked in the chart represents a Support-Resistance Interchange (SR Flip). This was previously an area of consolidation and breakout, acting as a key decision zone. Price is expected to retest this zone after the wedge breakdown before continuing further down. This creates a perfect "Break → Retest → Drop" scenario, often favored by institutional and swing traders. 🔹 3. Consolidation Structure Before the wedge formation, Bitcoin was stuck in a prolonged consolidation phase. This type of ranging price action often accumulates orders before a breakout. Once broken, these zones serve as magnets for pullbacks or liquidity grabs, and are frequently retested. 🔹 4. Target Zone The measured move from the rising wedge pattern points to a target near $101,617, which aligns with a previous structural low and a potential demand zone. This area could serve as the next major support level. 🎯 Trade Strategy & Setup: Entry: After confirmation of breakdown and a clean retest of the SR zone. Stop Loss (SL): Just above the wedge high and structural resistance (~$108,020). Target (TP): $101,617 (downside projection based on wedge height and price structure). 📌 Risk-Reward Setup: 1:3+ possible if retest confirms. 🧠 Trader’s Insight: This setup reflects a common smart-money behavior where price forms a bullish-looking structure (rising wedge), entices buyers, and then traps them with a swift breakdown. The SR retest provides a low-risk shorting opportunity. Patience is key — let price come to your level before entering. 🚨 Risk Note: If BTC reclaims and holds above the $108,020 level, the bearish thesis may be invalidated. Always wait for confirmation before execution.
CRYPTO:BTCUSDShort
by GoldMasterTrades
EUR/USD Short Opportunity – Rising Wedge + Retest + TargetThis technical setup on EUR/USD (1H timeframe) highlights a potential high-probability short opportunity based on a combination of price action, chart patterns, and key structural levels. The pair is showing signs of weakening bullish momentum and preparing for a bearish continuation. 🔎 1. Pattern Analysis: Rising Wedge Formation The primary pattern visible is a Rising Wedge, which is traditionally a bearish reversal formation. It’s defined by: Higher highs and higher lows, but both trendlines are converging, suggesting weakening bullish control. Volume (not shown here) typically decreases within a rising wedge, further confirming a potential breakout. This wedge formed after a previous sharp bullish recovery, acting as a continuation structure that often reverses. In this case, the price formed multiple touches on both wedge boundaries, enhancing the reliability of the pattern. 🧱 2. Key Structural Zones: Minor Resistance Zone (~1.1270–1.1285): Clearly marked on the chart with a blue shaded zone. Price has reacted from this level multiple times, validating it as a supply area. The most recent attempt to break above this level failed, further confirming seller dominance. Consolidation Zone (highlighted in yellow): Prior to the wedge’s formation, price entered a consolidation phase. Consolidation often precedes a breakout or a trend reversal. In this case, it provided a base for the rally that formed the wedge. 🔁 3. Breakout and Retest: Price has broken below the lower support line of the rising wedge. This breakout is a bearish signal and suggests the pair may now be ready for a stronger downside move. The price appears to be retesting the broken wedge support, which is a classic confirmation move before continuation. Retests of broken structures often offer low-risk, high-reward entry opportunities. 🎯 4. Trade Plan and Setup: Entry Zone: Watch for bearish rejection or candle confirmation on the retest of the wedge support turned resistance. Stop Loss (SL): Positioned just above the resistance zone, at 1.12887, protecting the trade against false breakouts or reversals. Take Profit Levels: TP1 – 1.10649: This level is a strong support zone based on previous price action and structural significance. TP2 – 1.09670: The full measured move from the height of the wedge. This also aligns with historical support and psychological round number proximity (1.10). 🧠 5. Confluence Factors: Technical Pattern: Rising wedge = bearish. Support/Resistance: Multiple reactions to both the resistance zone and wedge trendlines confirm market memory. Price Action: Break + retest = ideal entry confirmation. Risk-Reward Ratio: Favorable, especially with conservative TP1 and aggressive TP2 levels. Macro Context (optional): If posted during news week – potential USD strength based on rate expectations, NFP, or inflation. ⚠️ 6. Risk Management Tips: Use a position size that aligns with your account risk tolerance (1–2% rule). Wait for confirmation (bearish engulfing candle or rejection wick) before entering. Always be prepared for invalidation. If price closes above the resistance zone, this idea is voided.
Short
by GoldMasterTrades
JPY/USD Rising Wedge Pattern Formed | Retest & Move To Target🧠 Overview: The JPY/USD pair has recently exhibited a Rising Wedge Pattern, a classic technical formation known for its bearish implications. This pattern has developed over several days of bullish price action, showing diminishing bullish momentum as price action narrows. The wedge is forming right beneath a minor resistance zone, increasing the likelihood of a potential rejection and breakdown. This setup is particularly noteworthy due to the multiple layers of confluence supporting the bearish bias. 🔍 Technical Breakdown: 📌 1. Rising Wedge Formation A rising wedge is often considered a bearish reversal pattern, especially after a strong uptrend. As seen on the chart, price is respecting both the upper and lower bounds of the wedge, but with a loss of bullish momentum, indicated by shallower highs. This tightening price action hints at indecision and likely exhaustion from buyers. 📌 2. Minor Resistance Zone Price has approached a previous structure high where strong selling interest was seen before. This zone has already rejected price once, acting as a supply area. The repeated failure to break above reinforces the strength of this resistance. 📌 3. SR Interchange (Support Turned Resistance) Below the current price action, there's a well-defined Support-Resistance Flip Zone (SR Interchange). Previously a strong demand area, this zone may now act as a new resistance if price breaks below and retests it. This is a key area where sellers are likely to step in again. 📌 4. Break & Retest Structure As price begins to break the lower wedge boundary, the next move we anticipate is a retest of the broken wedge trendline. This retest, if confirmed by rejection candles (such as bearish engulfing or pin bars), would present an ideal entry opportunity for short positions. 🎯 Trade Plan & Price Levels: 💼 Bearish Scenario Entry Point: Wait for a successful retest of the broken wedge line (confirmation via price action: bearish engulfing or pin bar). Stop Loss: Above the recent swing high or above the wedge resistance (~0.006920). Take Profit 1 (TP1): 0.006845 – First key support zone. Take Profit 2 (TP2): 0.006807 – Next major support / liquidity zone. 🧩 Why This Setup Makes Sense: ✅ Multiple Confluences: Bearish wedge structure = reversal pattern. Resistance zone = psychological and technical rejection. SR Interchange = confirms institutional selling interest. Retest confirmation = high-probability entry. Target zones = based on recent support levels and market structure. 🛑 Risk Management: Risk-to-reward ratio favors short positions if executed after retest. Avoid jumping in early — wait for confirmation. Proper stop loss is key to avoiding false breakouts or premature entries. 📊 Summary: This is a textbook bearish setup with strong technical backing. The rising wedge pattern, when combined with resistance and retest zones, offers a great shorting opportunity — assuming price respects the pattern. Patience will be crucial here; wait for the break, the retest, and the confirmation before entering. 🔔 What to Watch: Price behavior near the lower wedge boundary. Reaction on retest — do bulls defend or do bears take over? Confirmation from volume or price action (engulfing candles, rejection wicks). Any fundamental catalysts or USD-related news. ✍️ Final Thoughts: This is a well-structured short setup on the JPY/USD 1H chart. Wedges often deceive with temporary breakouts before reversing hard — so discipline, timing, and confirmation will be key. If the market respects this technical structure, we could see a clean drop toward our projected targets.
Short
by GoldMasterTrades
Rising wedge on SPY - Melt up? or Next leg down? Immediate Bias (Tomorrow): Scenario 1 – Bullish Continuation (Low Probability unless there's a macro catalyst): Breaks above ~$596–$598 cleanly Retests that zone as support (watch 595.50 intraday) Then targets: 600 psychological 604–608 upper resistance channel Possible end-of-month blow-off top: 612–618 Scenario 2 – Pullback / Rejection (More Probable Setup): Rejected at ~596–597 zone (which aligns with upper wedge resistance) Breakdown below $590 intraday Then targets: 587.80 EMA cluster (20/50) If lost → 576.44 next EMA + demand level Followed by major support at 565.87 / 563.43 🔥 Week Ahead Trade Plan (May 20–24) ✅ Bullish Possibility: If NVDA earnings, FOMC minutes, or macro data surprise to the upside Watch for breakout above the red wedge and hold above 600 Target range: 604 → 612 max upside 🚨 Bearish Scenario: Wedge breakdown below ~$590 Momentum cracks down to: 587 576 (watch for bounce) If panic selling → 565–563 (larger time frame buying zone) Volume divergence and overbought EMAs support a potential cool-off. 📅 Monthly Projection (End of May): If wedge breaks down → consolidation range between 563 – 587 If wedge breaks out → blow-off rally up to 612–620, but likely to fade quickly Fed commentary and NVDA earnings on May 22 will be major catalysts 📌 Key Levels Type Price Notes Resistance (R3) 612–618 Final upside blow-off zone (channel top) Resistance (R2) 604 Overhead channel line Resistance (R1) 595–598 Wedge top + major resistance Support (S1) 587 EMA cluster + strong local demand Support (S2) 576 Clean structure + prior breakout Support (S3) 565–563 Confluence of long-term EMAs + trendline 🎯 Trade Setups 📉 Bearish (Favored if no breakout tomorrow): Short 595–597 with stop above 600 Targets: 587 → 576 Optional: Add below wedge break (~590) 📈 Bullish (Confirmation-based): Break + retest of 597–600 Target: 604, then scale out at 612 Avoid front-running long unless you see volume + price close outside wedge
AMEX:SPY
by wesu7gcs
2
ES1! (S&P500 Mini Futures) - Support Trendline Price Test -DailyES1! (S&P500 Mini Futures) price is currently testing a support trendline around $5900. If several daily Price candles close below $5865 this month, a pullback in the price can occur (rising wedge pattern). Volume has been decreasing in May 2025, compared to March and April. Finance and Technology corporate earnings season has passed. The U.S. government 90-day tariff pause is set to expire in early July (pending trade deal negotiations with other countries). Tariff and trade deal news, breaking news, corporate earnings, government law changes, consumer sentiment, inflation data, the FOMC, and presidential announcements can all affect the prices of stocks and ETFs.
CME_MINI:ES1!
by NoFomoCharts