Descending Channel

XAUUSD — Wave 5 Lower Toward 4,280 From Kelly’s view, gold is still trading inside a broader bearish structure. Price is currently around 4,352, while the recent rebound remains below the previous lower-high area near 4,380–4,395. The key idea is simple: the current move may be completing a corrective Wave (4) around resistance, while the main structure still favors another bearish leg toward 4,320, 4,305, and potentially the 4,280 Wave (5) target zone. ⟡ Market structure Gold continues to show a sequence of lower highs after

by Kelly_Koou_Gold

GOLD: 4.340–4.350 — BREAKOUT OR REJECTION?Today is FOMC day. Gold is approaching the descending trendline again, with 4.340–4.350 as the key short-term resistance zone. 🔴 Resistance: 4.340–4.350 │ 4.390–4.400 │ 4.420–4.435 🟢 Support: 4.300 │ 4.270 │ 4.225 │ 4.200 │ 4.160 🎯 TRADING SCENARIOS Break above 4.340–4.350 → potential move toward 4.390–4.400 → 4.420–4.435. Rejection at 4.340–4.350 → watch for a pullback toward 4.300 → 4.270 → 4.225. Below 4.200 → next area to watch: 4.160. 🧠 PERSONAL VIEW I still favor BUY at support and

KPRMILL: Weekly Descending Channel Breakout & Earnings Catalyst 1. The Macro Perspective: The Descending Channel Formation I am taking a LONG bias on K.P.R. Mill Limited (KPRMILL) on the macro weekly (1W) timeframe. When analyzing pure market structure on a textile sector leader, extended markdown phases often form classical corrective patterns before the primary trend resumes. Following a peak, the stock entered a prolonged structural correction, carving out a well-defined Descending Channel visible on the chart. This multi-month digestion phase allowed ins

by ParamjitMahapatro

GOLD: SHORT-TERM BUY BEFORE FOMC?Gold is still moving within a downtrend channel. Yesterday’s daily candle closed below 4,300, but with a deep rejection wick, showing that buyers are still defending the market. Ahead of FOMC, I favor short-term BUYs at support and will wait for price confirmation. 🔴 Resistance: 4.316 │ 4.340–4.345 │ 4.390–4.400 │ 4.440 🟢 Support: 4.280 │ 4.250 │ 4.225 │ 4.200 │ 4.160 🎯 SCENARIO Break above 4.316 → 4.340–4.345 → 4.390–4.400 → 4.440. Above 4.440: stop SELLing, as gold could resume its uptrend.

GOLD: RANGE COMPRESSION – WAITING FOR FOMC?Gold is still moving within a downtrend channel, while the H4 chart is consolidating inside the 4.285–4.400 range. For Monday–Tuesday, I will mainly watch price action within this range and pay close attention to deep sweeps and liquidity grabs toward the support zones. 🔴 Resistance: 4.400 │ 4.408 │ 4.445 │ 4.500 │ 4.570–4.600 🟢 Support: 4.285 │ 4.250 │ 4.220 │ 4.150 │ 4.115 🎯 TRADING PLAN Break above 4.400–4.445 → favor BUY on the breakout, targeting 4.500 → 4.570 → 4.580 → 4.600. Break bel

GOLD: WAITING FOR A BREAKOUT Gold remains trapped within the 4,450–4,310 trading range following a strong rally from the 3,940 area. Price is currently approaching a key resistance zone where the range high, overhead liquidity, and a major descending trendline converge, making the 4,430–4,450 area a critical decision zone for the current market structure. From a technical perspective, the market has not yet confirmed a breakout. Recent upward moves appear to be absorbed around the 4,430–4,450 area, while the support below

ZINC: Pullback to Breaker Block-Watching for Trend Continuation MCX:ZINC1! Zinc Futures are retesting a previously respected breaker block, which aligns with an important support zone after a strong impulsive rally. The current decline appears corrective , forming a short-term falling channel while the broader market structure remains constructive. A sustained hold above the marked demand area, followed by a breakout from the channel, could indicate renewed bullish momentum. For now, the reaction around this support zone remains the key area to watch.

by KingDoxa_trades

TATAELXSI: Descending Channel Meets 200-Month EMA Overview Tata Elxsi — one of India's premium technology and design services companies — has been in a significant correction since its all-time high of ₹10,760 in 2021. On the Monthly timeframe, a clear Descending Channel has formed, and price is now approaching a critical confluence zone where the Channel Lower Band meets the 200 Monthly EMA at ₹3,283. This analysis covers multiple timeframes to present a complete picture of where TATAELXSI stands structurally. The Descending Channel — Monthly

Where Breakouts Are Born: The Power of Trading Channels 📈 CHANNELS IN TRADING — FOLLOW THE PATH, NOT THE NOISE Many beginners spend months searching for the "perfect indicator." But experienced traders often focus on something much simpler: 👉 Price Structure One of the easiest ways to understand price structure is through Trading Channels. ━━━━━━━━━━━━━━━ 🚦 WHAT IS A CHANNEL? A channel is created when price moves between two parallel lines: 🔹 Upper Line = Resistance 🔹 Lower Line = Support Think of it like a road. As long as price stays insi

by InvestyourAsset

Nifty - Initiated 4 Hours Descending Channel Hi All, Hope everyone doing well. Today move has created a new support to the channel which has already rejected twice. Market is not convincingly bullish yet, but showing some signs of recovery. If today's momentum continues then we may see channel high in couple of days or later the week at ~24200. Staying above ~24000 is key as of now to reach higher levels. On the contrary ~23200 is the immediate support at the channel low again. From there I am expecting to follow the pattern upper sid

Descending channel in 4 hours Hope everyone is doing well. Channel pattern has started on 15th April which is still following and market is within the range of this pattern. There was a slight deviation on 6, 7 and 8th of May month. From 11th May it has fallen again in the range. As of today, channel top has touched one more time and strongly rejected at ~23717. If the same pattern continues then we may see ~23000 first before breaking the pattern. Otherwise pattern breaks without touching it’s low then expecting retest a

IREDA – Descending Triangle Breakout | Early Reversal Setup IREDA has broken out of a descending triangle, signaling a potential shift from downtrend to early accumulation phase. RSI is reversing from oversold levels, while OBV has crossed above its SMA — confirming buying interest. AVWAP confluence (ATH, prior swing, listing zone) adds strength to the current structure. 🔹 Entry: 126–130 🔹 Stoploss: 112 🔹 Targets: 145 → 160 👉 Counter-trend, but strong risk-reward. 👉 Sustaining above AVWAP cluster will be key for trend transition.

Bearish Channel Continuation Overview The chart shows a transition from a consolidation range into a bearish trend after a key support breakdown. Once the support level failed, price shifted into a descending channel structure, indicating sustained selling pressure. ⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻ Concept Support and resistance zones often define market equilibrium. When price consolidates within a range and eventually breaks below support, it signals weakness in market structure and the beginning of a potential downtrend. ⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻

by MarketAlgoBot

Bearish Descending Channel 🧭 Overview The chart highlights a clear bearish Descending channel defined by a consistent sequence of Lower Highs (LH) and Lower Lows (LL). This pattern reflects sustained selling pressure and confirms that sellers remain in control of the broader trend. ⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻ 📘Concept • Each rally forms a Lower High (LH) → When price moves up, it fails to break the previous high. This shows buyers are weak and unable to regain control. • Each decline forms a Lower Low (LL) → When price drops, it b

by MarketAlgoBot

Powergrid inside Perfect Descending Parallel Channel Pattern Powergrid seen travelling perfectly inside the descending channel pattern, taking perfect resistance and support at the channel (from April 2025 till now) Now seen at the perfect crucial point where it can either move bullish or bearish in the upcoming days Bearish view gets cancelled on getting past the red dotted line...till that we can't be bullish on Powergrid!!! Just add to the watchlist and let's watch how its going to move!!!! will update once the decider move occurs!!!! Just S

SMALL CAP INDEX Hello & welcome to this analysis The index appears to be ending a wedge pattern near an Ichimoku cloud resistance with future Kumo bearish. It also has a slanting channel upper trendline resistance approaching. The wedge would be considered broken below 17775, downside levels where it could then retrace to would be the Ichimoku Base line near 17400 and if that fails to hold it could further retrace till 16600 where it would form a Bullish Harmonic Gartley. The PRZ of the Gartley coincides wit

by Dinesh_C_Nagpal

Siemens Down to Support zone??!!Siemens has been travelling inside a Ascending Expanding Channel Pattern(bold yellow line) from March 2025( making higher highs and higher lows ) Now it is in the down move to making a higher low (to support level) This down move is being done by market in the form of Descending channel pattern making lower highs and lower lows(shown as purple line) There is also a Head & Shoulders pattern ...which has given BREAKDOWN with Good Volume support (yesterday-13-10-2025) Siemens is looking

HAL - Trading Within Descending Channel 💹 Hindustan Aeronautics Ltd (NSE: HAL) Sector: Defence | CMP: 4526 View: Corrective Bias within Descending Channel | Early Mean-Reversion Attempt HAL continues to trade within a well-defined descending channel on the daily timeframe, with price respecting both the falling supply line and the lower demand boundary over multiple months, confirming a controlled corrective structure rather than trend breakdown. The recent test of the lower channel base near the 4200 zone has resulted in a reactiona

by simpletradewithpatience

Classic Descending Channel With Clear Structural Levels The primary feature of this chart is the broad descending parallel channel marked by the orange lines, which frames the entire corrective phase in a neat, orderly manner. Price has repeatedly respected both the upper and lower boundaries, reinforcing the relevance of this channel as a dominant structure. A trend‑changing resistance line is drawn in white, connecting swing highs and visually separating the prevailing downtrend from any potential shift in behavior. This line serves as a clear re

by Apoorv-Dubey_SEBI-RA

#ANGELONE: Big Swing Setup Inside Falling Channel #AngelOne | CMP: 2,793.40 Trading inside a falling channel , after a successful retest of the 1949–2022 breakout zone . Dips toward 2,341 can be considered. 🛡 Supports: 2133–2101 / 2022–1949 (Major Zone) 🚧 Resistances: 3285 / 3503 / 3896 (ATH) 🎯 Falling Channel Target post Breakout: ~4,900 (+77% from CMP) As long as 1,949 holds , structure stays bullish . Massive swing opportunity forming. 🔥 #AngelOne #FallingChannel #ChartPattern #CandlestickPattern #PriceAction #Swin

by Stocks_Mario

VBL Looking Bearish??!!!VBL - On Weekly timeframe, Inverted cup&handle pattern and a breakdown visible!!! (shown below) On Dailytimeframe, VBL is travelling inside a Descending channel pattern making highs and lowerhighs...lows and lowerlows... SL & Target levels shown @ chart!!! Let's wait & watch!!! Thank you!!! Just my view...not a tip nor advice!!!!

47% Potential Upside in Route Mobile? Channel Reversal Analysis!Hello Everyone, i hope you all will be doing good in your life and your trading as well! In today's post, i have brought a very interesting reversal setup on Route Mobile Ltd. After spending over 2 years inside a falling channel , the stock has recently shown a sharp bounce right from the long-term channel support , which has held strong since 2022. Not just that, this bounce came with a strong volume spike , hinting at fresh buying interest. The current price action structure is clearly i

by TraderRahulPal

Patanjali Foods Ltd (NSE: PATANJALI) technical chart breakdown.Patanjali Chart Structure & Price Action The stock has been trading within a descending channel, bounded by the blue trendlines. It recently bounced from a major demand zone (~₹1,698) marked by the green support line that has absorbed liquidity multiple times ("Taken multiple liquidity"). Price is now slowly recovering from this base. Current Scenario CMP: ₹1,747 Immediate Resistance: ₹1,783 (horizontal level) ₹1,818–₹1,835 zone (upper boundary of the falling channel) Break and sustain above

TORNTPHARM Final Bearish move before bulls entry????Yesssss!!!! Chart patterns suggest me the above titled opinion... TORNTPHARM has been travelling in a Ascending Expanding channel pattern IN A BULLISH MODE MAKING SERIES OF HIGHER HIGHS AND HIGHER LOWS... (shown below) Inside the bullish pattern , it is now currently in the downward phase that too inside rectangular descending channel pattern making a SERIES OF LOWER HIGHS AND LOWER LOWS.... It's moving like a written script till now....let's wait and watch whether the director(market) has a