The Flip, The Double Bottom & The Broadening Pattern Historical price action study · No forecast · No trade calls
01 · The Resistance Zone
The market is a record of agreements. Where price has repeatedly stalled, reversed, and failed to push through — that level becomes meaningful. Its is a region where sellers overwhelmed buyers on multiple distinct occasions over an extended period.
The more times price tested and rejected from this area, the greater the energy building behind it — and the more decisive a genuine breakout would need to be to clear it convincingly.
A resistance zone is not a single price — it is a band of supply where historical participants have sold aggressively. Multiple rejections from this zone, visible in the left portion of the chart, establish its credibility before the eventual breakout.
02 · The Flip — Resistance Becomes Support
One of the most powerful and repeatable dynamics in price action is the polarity flip. When price successfully breaks above a well-established resistance zone with structure and conviction, the nature of that zone changes entirely.
The logic is behavioral: participants who were previously selling at that level are now caught offside. On any pullback to that zone, those who missed the initial breakout see an opportunity to enter at a historically significant level
03 · The Double Bottom
The double bottom is not merely a visual pattern — it is a structural argument. It tells us: the level was tested, defended, and then tested again. Sellers returned and were absorbed. The zone held. That matters.
04 · The Downward Broadening Pattern
The two white lines on the chart connect these swing highs (upper trendline) and swing lows (lower trendline). They are drawn objectively — touching at least two points each — to define the expanding channel that price has been contained within over the relevant historical period.
05 · The Counter Trend Line
The dotted line on the chart, a downwards trend inside an overall pattern .
⚠ DISCLAIMER
This post is intended strictly for educational and informational purposes only. It is a historical price action analysis and does not constitute financial advice, investment guidance, a trade recommendation, or a market forecast of any kind.
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THIS GOLD MOVE WILL HUMILIATE MOST TRADERS
If I analyze last week’s overall market psychology, one thing becomes very clear — smart money is interested in pushing the market higher, but they don’t want to take everyone along with them. This was clearly visible during Wednesday’s Asian session, where the real move happened when most traders were inactive, while the rest of the week was spent creating confusion and building liquidity.
Because of the visible lower high structure on higher timeframes, most traders are currently leaning toward selling, and many have even carried their positions over the weekend expecting further downside. This bearish expectation is quite natural looking at the structure, but at the same time, it also increases the probability of a trap being formed.
In my view, the market has not yet taken major sell-side liquidity, and along with that, a lot of late sellers have already entered after Friday’s price action. This creates a perfect condition where the market can first move higher to trap these sellers before any real downside move happens.
The key seller zone lies around $4772–$4832, where a large number of retail traders are positioned based on previous rejection and retracement behavior. This makes it an important liquidity target, and if the market starts moving upward, this zone can act as a magnet for price.
At the same time, the $4658–$4773 range remains a highly choppy and indecisive area where both buyers and sellers have struggled in the past. Whenever price enters such zones, it is better to stay patient, avoid overtrading, and either wait for clear confirmation or trade on lower timeframes.
For Monday, I consider $4700–$4730 as a no-trade zone due to the heavy consolidation seen on Friday. I would prefer to wait for a clear break and sustained move above $4725 before looking for buying opportunities, with $4770 as the initial target and $4820 as the extended level if momentum supports the move.
However, once the price approaches the $4820 area, there is a strong possibility of a sharp liquidity sweep. By that time, most sellers would likely be trapped and late buyers would start entering, creating an ideal setup for a reversal or deeper pullback.
Overall, my bias for the start of the week remains bullish, but I will rely strictly on confirmation and execution rather than assumptions, because this type of market environment is designed to trap both buyers and sellers who act without patience or discipline.
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1-hour chart analysis for Bitcoin/TetherUS Perpetual (BTCUSDT.P)Bullish Scenario: If the $79,500 area holds without strong candle closes below it, a retest of the local highs at $82,000 and eventually $84,500 is likely.
Strategy: Look for a "Sweep and Reclaim" or a bullish engulfing candle within the reversal area before entering. Always follow the 1% risk management rule for capital
Structure: After a strong rally from roughly $78,000, Bitcoin encountered heavy resistance near the $82,800 local high. The subsequent "Curve Line" (arch-like pattern) represents a cooling phase into the current support zone.
Resistance: The primary hurdle remains the $82,200 – $85,300 zone. A decisive 1-hour close above $80,850 would signal a reclaim of the stair-step bullish structure.
Support (Reversal Area): The current gray box near $79,500 acts as a "demand zone" where buyers have previously stepped in. Long 
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Nifty Analysis for the week 11 May to 15 May, 2026Wrap up:-
As mentioned earlier, we are in wave y of x of 4 of major wave 3.
In wave y, a lower degree impulse (i.e. wave a) is forming in which wave 1 was completed at 22782, wave 2 at 22719, wave 3 is completed at 24400, wave 4 is completed at 23796 and wave 5 is in progress and is expected to be completed in the range 24772-25116 (which is fresh next resistance level).
In wave 5, internal wave 1 is completed at 24087 and wave 2 is in progress and is making a wxy pattern. Wave w is completed at 23962, wave x is completed at 24482 and wave y is in progress and is expected to be completed in the range 23800-23900.
What I’m Watching for the week 11 May to 15 May, 2026🔍
In wave y of 2 of 5, wave a is completed at 24138 and fresh upside immediate resistance lies in the zone 24250-24379 in which wave b of y is expected to be completed. Thereafter, wave c will head towards for the target of 23800-23900 by which wave 2 of 5 gets completed.
Thereafter, Nifty will head towards final target of wave 5 i.e. 24772-25116.
Disclaimer: Sharing my personal market view — only for educational purpose not financial advice.
"Don't predict the market. Decode them." 
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XAUUSD TRADING SETUP 8/5/2026Trading Setup For XAUUSD (Gold)
Bullish Scenario
* If gold sustains above 4,720–4,725, buying momentum may push prices toward 4,740 → 4,752 → 4,770 levels.
Bearish Scenario
* A break below 4,708 could trigger profit booking toward 4,690 → 4,677 support zones.
Intraday Trading Setup
* Buy Above: 4,725
* Targets: 4,740 / 4,752 / 4,770
* Stop Loss: 4,705
* Sell Below: 4,708
* Targets: 4,690 / 4,677
* Stop Loss: 4,725
Conclusion
* Overall trend remains strongly bullish as long as gold holds above key support levels, with geopolitical uncertainty and safe-haven demand continuing to support upside momentum.
