Symmetrical Triangle Breakout Setup 📈 Symmetrical Triangle Breakout Setup NSE:COHANCE
After a sharp decline from the higher levels, price formed a significant bottom around the 280–300 zone and subsequently staged a strong recovery toward 480–510.
Price is now consolidating inside a symmetrical triangle, characterized by:
Lower highs forming a descending resistance trendline.
Higher lows forming an ascending support trendline.
Gradually narrowing price action, indicating compression and a potential volatility expansion.
The pattern is developing after a strong upward recovery, making an upside continuation breakout a possibility.
🔑 Key Levels
Resistance / Breakout Zone
The upper triangle trendline currently converges around 480–510, with the major horizontal resistance near 510–532.
Support:
The rising triangle support is currently around 390–410.
Current Price:
Approximately 476at the time of analysis.
🚀 Bullish Scenario
A convincing candle close above the triangle's upper trendline, preferably accompanied by increased volume, would provide confirmation of an upside breakout.
The first important hurdle is the 510–532 resistance zone. A successful break and close above this area could open the way toward higher levels.
A measured-move target can be estimated by taking the maximum height of the triangle and projecting it upward from the breakout point.
⚠️ Bearish / Invalidating Scenario
If price fails to break the upper trendline and instead breaks below the ascending support trendline*, the bullish setup would weaken.
A sustained move below approximately **390–400** would invalidate the immediate bullish triangle thesis and could lead to a deeper retracement.
📊 Volume Confirmation
Volume is an important factor for this setup. Ideally:
Triangle consolidation → declining/normalizing volume → breakout → volume expansion
An upside breakout without meaningful volume should be treated cautiously because it may represent a false breakout.
🎯 Trade Approach
Rather than entering solely because price is inside the triangle, wait for confirmation:
Bullish entry: Breakout + candle close above resistance
Confirmation: Increased volume / successful retest
Stop-loss: Below the breakout structure or below the most recent higher low
Targets: Previous resistance levels followed by the measured-move projection
📝 Conclusion
The chart is currently showing a symmetrical triangle after a strong bullish recovery. The compression between lower highs and higher lows suggests that a larger move may be approaching.
The key level to watch is the upper trendline and 510–532 resistance zone. A confirmed breakout with strong volume would strengthen the bullish case, while a breakdown below the rising support would invalidate the setup.
Wait for confirmation — don't treat the pattern itself as a guaranteed breakout.
This is a technical-analysis observation, not financial advice. Always manage risk according to your own trading plan.
Triangle
Crypto God Market just signalled early start of new bull -weeklyLooking at BTC’s relative strength against US CPI (inflation), this relationship has historically provided excellent long-term signals for major market tops and bottoms. Because it is a relative-strength measure, it remains useful when comparing different Bitcoin cycles over time.
On the weekly chart, the signal is now showing a bullish bias.
The long-term channel line, shown in red, has been extended lower to highlight the potential KLOR level in green. Interestingly, that level was not reached. This could be significant, particularly as the average historical length of Bitcoin’s bear cycles suggests we could expect BTC to begin rallying around 6 October.
With that in mind, bullish entries may already be worth considering. Price briefly broke below the dotted trend line but quickly reversed. It also broke the solid red trend line before recovering. That failed breakdown could be an indication that the major low is already in.
Over the years, I have found this BTC-versus-CPI chart to provide some very clear signals for Bitcoin market timing.
There is considerably more information within the chart. Analysing the triangle formations and key support levels on the daily version provides further insight, particularly where previous price targets have been met with impressive precision.
Wishing everyone the best with their trading. After a long period of weakness, the crypto market finally appears to be setting up for another potential bull cycle.
I have used and published this chart for years now, decided to share it to help others and not just publish it in internally in the old community I used to be part of - sometimes you can take a horse to water but you cannot make it drink
BTC tends to run for 3 years up, and 1 year down, if we have ended its bear, then many cryptos should be bullish for the next 3 years, so lets switch bullish and go shopping again.
For me this is one of the most important charts you can monitor in crypto land, we may get a retest of the lower support green line if that happens it will be a stunning entry point but we are close enough now to start to build positions in the strongest cryptos again
There are countless examples of triangles breaking down and up and H&S breaking lower when you go into the daily chart and look at the detail its very interesting and support and resistance
Crypto Market to take off early this cycleOne crypto is showing notable relative strength within its long-term triangle pattern.
The BTC cycle points to the next major crypto bull phase beginning around October 2026. However, the relative strength we're already seeing makes me think this cycle could kick off earlier than the retail market expects.
So, where else should we be looking?
TRX and XLM are two obvious candidates. Both have attractive Point & Figure (PnF) upside targets and are trading close to their long-term support trend lines, giving them strong potential if the broader crypto market turns bullish.
I'm particularly interested in cryptos that are currently out of favour with the market. The ideal setup is one where:
The downside PnF target has already been met.
That target area is now acting as long-term support.
Price is showing signs of relative strength or accumulation.
There is a strong PnF upside target if sentiment turns bullish.
These overlooked cryptos could offer some of the best upside potential because much of the downside may already have played out, while the market has yet to price in a bullish recovery.
HYPEUSDT - A Pullback Before a Bull Run BINANCE:HYPEUSDT.P is forming a local bullish setup. The altcoin is outperforming the broader market, including Bitcoin, and for this reason, the coin has further upside potential
Bitcoin, meanwhile, remains neutral within a consolidation that has been developing for several months as part of the broader global bearish market.
HYPE maintains its global bullish trend, within which a 53.0–75.0 trading range is forming. The range is relatively wide, and the bounce from support opens up a medium-term trading opportunity. There is still room for further upside, and we are waiting for the bulls to step in more aggressively
Resistance levels: 60.47, 63.0
Support levels: 58.0, 57.09
The market is confirming its local bullish structure. However, after reaching a new high, a counter-trend correction is developing toward the imbalance zone.
An upside breakout followed by consolidation above 58.0 could provide the catalyst for the continuation of the uptrend toward 60–63
Best regards,
R. Linda
Fully funded pipeline in advanced stages. 30% short interest?INTRODUCTION:
- The company has three compounds in the pipeline, two of which are slated for commercial launch by 2028, with the third one soon to follow.
- The business if fully funded towards those goals as of the writing of this idea.
- The two compounds in Phase 3 studies are already showing significant promise, as reflected in the EU and US regulatory designations: Regenerative Medicine Advanced Therapy (RMAT), Orphan Drug Designation (ODD), Orphan Medicinal Product Designation (OMPD), Advance Therapy Medicinal Products (ATMP), Rare Pediatric Disease Designation (RPDD).
And yet the company is shorted 30% of its float . Roughly 100 million shares are shorted. This appears to be a recipe for disaster (for the shorts), especially since the chart appears to be notably bullish.
THE TA:
The above 3D chart illustrates the main bullish arguments in this idea.
1. The company is out of a multi-year downtrend which started with the IPO in 2015.
2. Following a massive spike in 2021, price action entered a three-year period of distribution (rotated teal rectangle).
3. The distribution period ended with a breakout of the multi-year downtrend.
4. The breakout from the multi-year downtrend precipitated a period of uptrending consolidation under the $1.75 resistance.
5. The $1.75 resistance together with higher lows that have been printing since November 2023 create an ascending triangle, a classic bullish continuation pattern.
6. Price action has exited a local corrective downtrend (light red diagonal channel) just as a double bottom and a potential new higher low have printed on the following:
- top of market structure (the horizontal support/resistance channel); three times tested now,
- the golden ratio; following a retracement from a previous local high (the 0.382 lies squarely on top of market structure),
- the bottom of a 3D Gaussian Channel
- the 200-day SMA (which happens to run exactly along the bottom of the 3D Gaussian Channel).
7. RSI and MFI are both out of local corrective downtrends (MFI with backtest).
SUPPLEMENTAL TA:
1. On the 6D chart, price action confirms support on GC mean just as the 50-day and 200-day SMAs are gearing up for a life-cross, first time ever:
2. On the 13D chart, price action prints a successful test of support on past horizontal resistance (and a potential new local higher low) just as the 13D GC flips from red to green for the first time ever:
MFI and RSI on this timeframe have both printed higher lows. Stochastic RSI is gearing up for a cross up 20 which should be a favorable event like most of the past ones, given all the other bullish signals.
SUMMARY:
This is the kind of bio I'm looking for these days (having learned to do so the hard way). Although not as overwhelmingly bullish as some ( NASDAQ:ALT for example) it's got all the important green lights on: a bullish chart, funded for at least 2 years, and a pipeline with very promising compounds in Phase 3 of trials. This should minimize the risk of downside from the typical troubles that plague startup bios: failed trials and no money.
Dashed horizontal lines in light blue denote major levels of support/resistance. If or when the $1.75 resistance is conquered, there is very little to stop the action before $7, and then $14. Should that break too, I wouldn't push my luck past $30. I'm not using a stop-loss.
***
Written by hand.
I'm not a pro.
I write these down for myself so triple-check it all if you think of jumping in after me. Or just triple-check it anyway to rub an error in my face, if I've made one. I'll own it, and hopefully learn from it.
XAUUSD: Rejected at Triangle Resistance — Sellers Target 4,320$Hello everyone, here is my breakdown of the current XAUUSD setup.
Market Analysis
XAUUSD previously traded inside a descending channel before breaking above resistance and shifting bullish. Price then rallied toward the 4,420 Resistance Zone, where a fake breakout was rejected and sellers stepped in.
Currently, XAUUSD is trading below the 4,420 Resistance Zone while holding above the 4,320 Support Zone and triangle support line. The rejection from resistance suggests that sellers may regain control, with price consolidating inside the triangle.
My Scenario & Strategy
As long as XAUUSD remains below the 4,420 Resistance Zone and respects the triangle resistance line, the bearish scenario remains valid. A rejection from current levels could push price toward the 4,320 Support Zone (TP1).
However, a breakout and close above 4,420 would weaken the bearish outlook and increase the possibility of further upside.
That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.
High Oil Prices = Plenty of Breakout SetupsWith oil prices staying elevated, and likely to remain high in the foreseeable future, the energy sector is full with great setups, here are few:
NYSE:SM
Broke above the breakout confirmation level yesterday, and we’re still very early in the move. There’s roughly 10% upside to Target 1 and more than 25% to Target 2, so there’s still plenty of room for the move to develop.
NYSE:FTI
Same as the previous stock, this one has already broken above the breakout level, but there’s still plenty of meat left on the bone.
NASDAQ:FANG
The price has been consolidating within a triangle since the beginning of May, with the breakout level at $210.55.
We can also see that the 50-day and 200-day moving averages have formed a “golden cross,” with the 50 MA crossing above the 200 MA, adding another bullish signal to the setup.
The RSI has also been consolidating within a triangle of its own, making it a useful indicator to gauge the strength of the eventual breakout. If the RSI breaks out alongside the price, it would be a good confirmation for a strong breakout.
NYSE:OKE
This one is a bit messier than the other three and harder to analyze with precision. The breakout point is pretty clear at $95.88, but the triangle structure makes it harder to accurately project the targets. So, I went with more traditional and conservative targets here. There’s potentially much more upside than the targets I’ve marked, but it’s always better to be safe than sorry.
OLong
GOLD - The Hunt for Liquidity Ahead of the Distribution ICMARKETS:XAUUSD maintains its local bullish trend and is entering a consolidation phase, within which a clear trigger is forming. A breakout of this trigger could strengthen the continuation of the upward move
The Dollar Index remains stagnant and is testing support within a downward impulse. Further dollar weakness could become a technical driver for gold upside. The key area to watch is 4,390–4,370.
The correction in gold appears temporary. The fundamental backdrop — including a weaker dollar and expectations of lower Fed rates — continues to support the metal. Key events this week include the FOMC minutes on Wednesday, as well as U.S. housing and industrial production data.
Technically, dip-buying remains the more likely scenario.
Drivers:
Downside: higher oil prices and yields, stronger dollar, geopolitical uncertainty.
Upside: weaker dollar, lower rate expectations, dip-buying
Resistance levels: 4,435, 4,450, 4,500
Support levels: 4,388, 4,371, 4,313
Gold maintains its local bullish trend. The market is confirming resistance at 4,435, but is forming a correction ahead of a potential breakout, with a possible liquidity hunt as the objective.
A bounce from the 4,370–4,388 zone could trigger a breakout above 4,435 and open the way for further upside toward 4,480–4,500
Best regards,
R. Linda
AMBP – Bonus Watchlist | Breakout Structure Quietly DevelopingHello Everyone, Followers,
For this week's bonus chart, I'm looking at Ardagh Metal Packaging (AMBP).
While most market participants are focused on large-cap names, AMBP has quietly built an interesting technical structure, compressing between rising support and long-term descending resistance.
The stock is now approaching a potential breakout point, making next week's price action worth watching.
📊 Technical Overview
The chart currently shows:
• Ascending triangle formation developing
• Rising trendline continues to hold
• Multiple tests of resistance around $4.15
• Compression phase nearing completion
• Buyers gradually absorbing selling pressure
• Momentum slowly improving
The longer a stock consolidates under resistance, the more explosive the breakout can become.
🔹 Key Levels
🎯 Resistance
4.15 - 4.20 → Immediate breakout trigger
4.40 → Fibonacci 0.382
4.60 → Fibonacci 0.50
4.80 → Fibonacci 0.618
🟢 Support
4.00 → Psychological support
3.90 → Ascending trendline support
3.80 → Major demand area
🔮Outlook
AMBP is approaching a technical inflection point.
Ideally, price either:
• stays above $4.15 with increased volume and starts a new momentum leg, or
• continues consolidating while respecting the rising trendline before a later breakout.
Both outcomes keep the overall bullish setup alive.
🎯 What I Expect
🟢 Bullish Scenario
Clean breakout above $4.15 and stay above this level
Volume confirms buyer strength
Move toward $4.40 → $4.60 → $4.80
🔄 Alternative Scenario
One more consolidation phase
Rising trendline continues to hold
Breakout delayed but technical structure remains intact
💡 My Take
Sometimes the best setups are the ones flying under the radar.
AMBP has been quietly building a constructive base for several weeks, and the repeated tests of resistance suggest sellers are gradually losing control. If volume joins the move, this could become an interesting breakout candidate.
Bonus stock to keep on the watchlist for next week.
If you enjoy and like clean, simple analysis — follow me for more.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a green trade week to all
#AMBP #Breakout #TechnicalAnalysis #TradingView #StockMarket #SwingTrading #MomentumTrading #Investing #ChartAnalysis #Watchlist
My Weekly Watchlist: Triangle Breakouts With Best Risk/RewardI mainly trade symmetrical triangle breakouts, focusing on finding the setups with the best risk-to-reward (R/R) potential.
NYSE:SM
This is an oil play, so the breakout and its strength will depend heavily on how oil performs this week. With no resolution to the conflict in the Middle East in sight, I see little reason for oil prices to drop significantly in the near term.
Also, watch the 4H RSI, which is consolidating in a triangle of its own. A breakout in the RSI would add further confirmation that the price breakout is successful.
NASDAQ:DBX
This was on last week’s watchlist and is currently holding successfully above the very important breakout level while basing around this area. Basing around the breakout level is a very good sign that the stock is likely to continue higher.
NYSE:SPOT
Spotify has been consolidating in this triangle since March. The breakout confirmation level is $534, but I’m planning to get in earlier. The blue moving average is the 200-day MA, and if the price can close the trading day above it, I’ll look to take a partial position and add more on a breakout above $534.
NYSE:APO
I entered this position last Thursday after the price broke above the breakout confirmation level. Since then, it’s been consolidating right around the breakout area, which is exactly the kind of price action I like to see after a breakout. My stop-loss here is $134.80.
EURJPY: Bullish Continuation 🇪🇺🇯🇵
EURJPY completed a bullish accumulation within a tiny ascending triangle pattern
on a daily time frame.
I expect another bullish movement.
Next goal - 185.0
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPUSD - Pre-breakout consolidation before distribution FX:GBPUSD is testing a strong resistance level. The bearish reaction is weakening, while a decline in the DXY could create an opportunity for further upside
The Dollar Index looks relatively weak after the bullish structure was broken. Further weakness in the dollar could support the medium-term outlook for the currency pair.
The fundamental backdrop remains relatively favorable for the British pound. A pre-breakout base is forming below the key resistance zone established on the D1–W1 timeframe.
A close above 1.3558 could trigger an impulsive move toward 1.3650
Resistance levels: 1.3558, 1.3650
Support levels: 1.3506, 1.3420
The local trend is bullish, and the market continues to test resistance persistently despite relatively low volatility.
If the bulls manage to break above the level and hold above it, the market could have room for further upside
Best regards,
R. Linda
NVDA 1D: Pause before the next chipOn the daily chart NVIDIA has shifted from a strong impulsive advance into a consolidation phase. After printing new local highs, price formed a contracting structure, broke higher, and returned for a retest of the breakout area. Selling pressure remains limited, with no follow-through to the downside, suggesting a pause within trend rather than a reversal.
Structurally, price action reflects consolidation inside a broader uptrend. The 185–190 area remains the key holding zone, where price stabilized after the retest and continues to trade above the 100-day moving average. Higher lows are preserved, keeping the higher timeframe structure intact. MACD holds above the zero line, while ADX continues to decline, confirming compression rather than directional expansion.
The primary reaction level sits near 212, marking the upper boundary of the current consolidation. Acceptance above this level would allow for continuation toward the 230–232 area, aligning with the upper expansion of the range. A failure to hold the 185-190 zone would shift price into a wider neutral structure without confirmation of trend continuation.
Fundamentally, NVIDIA remains strong. Q3 2025 EPS came in at 1.30 USD, with Q4 2025 EPS estimated at 1.52 USD ahead of the February 26, 2026 earnings release. Revenue reached 57.01B USD in Q3, with expectations of 65.56B USD for Q4. Cash flows remain robust, with operating cash flow at 83.16B USD and free cash flow at 77.32B USD. Compute and Networking continues to be the dominant revenue driver.
As long as structure holds, the market remains in digestion mode following the prior impulse.
Price action leads before fundamentals follow.
GOLD - The local uptrend continuesFX:XAUUSD is bouncing off the 4,313 support level of the trading range formed within the local bullish trend. The situation remains challenging, but the market still has room for further upside
The dollar remains stagnant but continues to look weak. A decline in the Dollar Index could support further upside and the ongoing local bullish trend in gold.
The fundamental and geopolitical backdrop remains unstable.
Globally, gold remains in a bearish trend.
Locally, the market is in a bullish distribution phase, with a 4,313–4,435 range forming within it.
Gold is currently correcting within the range ahead of a potential move higher.
There are not many major events scheduled for the coming week. Attention will be focused on the FOMC meeting, initial jobless claims, and PMI data
Resistance level: 4,435
Support levels: 4,356, 4,313
A long squeeze around the local 4,356 support zone could shift the balance of power in favor of buyers and trigger a continuation of the local uptrend toward the upper boundary of the trading range
Best regards,
R. Linda
PancakeSwap (CAKE) Ready for a 20% Rally?! 1. Market Structure & Current Price Action
Current Price: Approximately $1.459 (up ~1.96% on the day).
Technical Pattern: Following a prolonged downtrend through May and June, price action has entered a consolidation zone, forming a Symmetrical Triangle / Ascending Wedge pattern.
Trendlines:
Descending Resistance Line: Connects the recent lower highs. The price has recently broken above this trendline and is attempting to hold structure.
Ascending Support Line: Connects the higher lows established since early July, providing solid dynamic support.
2. Key Technical Levels
Key Support Level:
$1.382: The base support of the triangle/wedge pattern and a strong static support zone. Holding above this level is crucial for maintaining the bullish structure.
Breakout Level / Resistance:
$1.478: The upper boundary of the current consolidation range. A decisive daily candle close above $1.478 will act as the primary confirmation for a sustained bullish move.
Price Targets:
Target 1 (TP1): $1.648 (Previous swing high from late June/July).
Final Target (TP2): $1.784 (Representing an approximate +20.5% upside from the $1.478 breakout zone).
TP1: $1.648
TP2: $1.784 (+20.5% move)
Stop Loss (SL):
A daily close below $1.382 invalidates the bullish setup.
3. Volume Analysis
Volume has gradually declined throughout the consolidation phase, which is typical for triangle/wedge patterns. A strong volume spike upon breaking above $1.478 is required to confirm momentum toward the $1.784 target.
Summary
The chart illustrates a bullish setup emerging from a price compression pattern. If the price successfully consolidates above $1.478, it clears the path for a stepped rally toward $1.648 and $1.784. The bullish outlook remains valid as long as the $1.382 support holds.
A good opportunity by MID risk - EDITA @EFID@EFID — Weekly timeframe
The stock has been in an uptrend since 2023, with minor line or sideways corrections. From the start of 2026, price has been consolidating in a sideways range between 24 and 32.
On the weekly chart, the price formed a symmetrical triangle, which completed with a breakout above the upper boundary, confirmed by a weekly close above 31 — signaling a continuation of the long-term uptrend.
Trade setup:
- Entry: ~32–33
- Stop loss: 29–30 (weekly close)
- Targets:
- T1: 34.60
- T2: 37.30
- T3: 40.00
Supporting signals:
- Increasing volume throughout the sideways range
- Ultra-high volume on the breakout candle, followed by a confirming candle
- Weekly MACD buy signal — a strong positive sign
The stock has now ended its correction and resumed its uptrend.
*Note: This analysis is based solely on the weekly chart and represents a personal opinion, not investment advice. Please consult your account manager before investing. Good luck!*
ETHUSDT - Consolidation Before Distribution BINANCE:ETHUSDT is attempting to hold above the 1,850 support level in the medium term, which was previously broken resistance. The reaction to support is weakening, while the broader market remains in a bearish trend
Bitcoin remains stagnant and range-bound. Globally, the market remains in a bearish trend, with no fundamental support in sight.
A decline in the market leader could trigger further downside in Ethereum. The altcoin is consolidating within a symmetrical triangle. The market is building a pre-breakdown base near the lower boundary of the current range, suggesting that a downside breakout may be approaching
Resistance levels: 1,989, 1,927
Support levels: 1,866, 1,854, 1,820
The weak reaction to support indicates that selling pressure may be intensifying. I do not rule out a local liquidity sweep (short squeeze) before the downtrend resumes.
A close below the 1,866–1,854 zone could accelerate the further decline
Best regards,
R. Linda
GOLD - The Hunt for Liquidity Ahead of a Rally ICMARKETS:XAUUSD is testing the 4,313 support level as part of a correction. Against the backdrop of a stagnant Dollar Index, the market still has room for further upside
The Dollar Index remains stagnant, but an unstable fundamental and geopolitical backdrop is putting pressure on the dollar and providing support for gold.
Price is correcting after the recent rally, but the fundamental backdrop — including easing rate expectations and geopolitical risks — remains favorable. Buyers are expected to step in on dips.
The key event will be the University of Michigan’s consumer sentiment and inflation expectations data, due later on Friday.
Drivers:
Downside: conflict escalation, rising yields, stronger dollar.
Upside: dip-buying, weaker dollar, easing geopolitical risks
Resistance levels: 4,356, 4,435
Support levels: 4,313, 4,300
Gold maintains its local bullish trend. Within the counter-trend correction, the market is retesting the key liquidity zone at 4,313–4,300 and is bouncing off support.
A close above 4,356 could strengthen the bullish momentum
Best regards,
R. Linda
Apollo Global Management - Symmetrical Triangle Breakout SetupAnother setup in my favorite pattern, the symmetrical triangle.
NYSE:APO is currently consolidating just above the breakout confirmation level at $141.64 (green line).
It’s very common for price to consolidate around the breakout level before making another leg higher. If NYSE:APO can continue holding above this level, I’ll be watching for a continuation move.
Another bullish signal is the “Golden Cross” the 50 4H moving average has crossed above the 200 4H moving average, a classic bullish signal that suggests improving momentum.
Key levels:
Breakout level: $141.64
Stop-loss: $134.80
Target 1: $162.86 — +15% from breakout level | R/R: 2.86
Target 2: $202.98 — +42.83% from breakout level | R/R: 8.33
MESU Aug 14: 7820 Holds the Key to 7840MESU continues to show a bullish structure, with price trading above the key intraday support around 7,820.
For the upside, yesterday’s high around 7,838–7,840 remains the first liquidity target. As long as buyers continue defending 7,820, I’m watching for another attempt to sweep that high.
A confirmed break and acceptance above 7,840 could open the door for further upside price discovery.
On the downside, 7,820 is the key level protecting my bullish bias. If we get a confirmed 1-hour close below 7,820, I would become more cautious and start watching for a deeper pullback toward the fair value gap around 7,800.
Key levels:
7,840 — upside liquidity / first target
7,820 — crucial support and decision level
7,800 — fair value gap / downside target
Bullish scenario: Hold above 7,820 → target 7,840 → potential continuation if the high breaks.
Bearish scenario: Lose 7,820 with confirmation → watch for a pullback toward 7,800.
Since this is Friday, I’ll also be cautious about profit-taking and late-session reversals.
Not financial advice. No confirmation, no trade. CME_MINI:MESU2026
Weekly Stock Watchlist August 10- 5 Great Breakout Setups Before becoming a consistent trader I tried almost every strategy that you can think of, momentum trading, mean reversion, trend following and many more.
I finally found consistency when I started to focus and sharpened my tools on one setup, symmetrical triangle breakouts, a pattern that I consider perfect (at least for me!).
My sweet spot is swinging these breakouts for a few days, capturing a decent chunk of the move and then cashing out. Sure, sometimes I sell too early, but as long as I’m still making good money, there’s nothing to cry about.
Each Sunday, I watch dozens, and sometimes even more than 100 charts manually, in order to build my watchlist for the coming week. Most of the stocks on my watchlist are stocks that are consolidating in a triangle pattern and are about to break out, or have already broken out but are still in the early stages of the breakout, so there is plenty of room to the upside.
My Watchlist for August 10–14
DBX-
Huge triangle forming since February 2024. The breakout above the key level of $33.43 happened on August 4th. I was reluctant to buy then, as earnings were due two days later, on August 6th, and I was worried about disappointing results and a potential gap down.
After the results came out positive on Thursday pre-market, I bought some shares after the market opened. My stop here is at $32.10, which is about $2 below my entry price, targets are on the chart.
NYSE:BA
Boeing has been consolidating in a symmetrical triangle since late January. The price is currently struggling to break through the “ceiling” of the triangle. It might take another few days, but I think this chart will eventually give the trade. The breakout confirmation level is $244.07, with the targets listed on the chart.
NYSE:SKY
Another great-looking triangle. The company beat earnings expectations, which caused the huge green candle last Wednesday. Another positive sign is that the moving averages are about to form a “golden cross,” with the 50-day moving average crossing above the 200-day moving average. Breakout confirmation level: $99.17.
NYSE:SW
Not as clean as the others, but it could still be a great trade if we get a convincing breakout above the confirmation level.
NASDAQ:MDB
Price has been consolidating in a huge triangle since January 2026. A “golden cross” has also formed, and we can see the moving averages starting to “spread apart,” which could be a sign that the price is about to accelerate to the upside. There’s huge potential for gains here if the stock behaves nicely.
If you found this content valuable, I’d really appreciate a boost and a comment. It helps me understand what you guys want to see more of and motivates me to keep creating and sharing these setups. Appreciate the support!
S&P500 INDEX (US500): Confirmed Breakout
US500 Index looks bullish too.
The price violated the horizontal neckline of the ascending triangle pattern on a daily time frame.
It indicates a highly probable trend continuation.
Next goal - 7850
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BITCOIN - A false breakout before a declineBINANCE:BTCUSDT.P closed within the 62,000–66,000 range. Liquidity zones have formed around the consolidation boundaries, but buyer weakness could potentially trigger a decline toward the areas of interest
There is no fundamental support in the market, while the geopolitical backdrop is exerting excessive pressure.
Technically, Bitcoin remains stagnant and trapped inside a sideways range that is developing within the broader global bearish trend. Simply put, the market is consolidating.
The reaction to support is weakening. However, before the decline continues, market makers may trigger a short squeeze toward the 65K resistance level. The area of interest is the liquidity zone around 62,300
Resistance levels: 64,500, 65,400
Support levels: 62,300, 61,900
A false breakout of the nearest resistance zone could shift the balance of power in favor of sellers and trigger a breakout from the triangle, potentially followed by downward distribution toward 62,000
Best regards,
R. Linda






















