Ascending-triangle
Hex Daily Ascending Triangle BreakoutHex is in a daily ascending triangle. Momentum is rising and indications look healthy (huge potential for this breakout).
Trade Journal: Long $TNDM - 4/16/2020TNDM has been on my watchlist for a long trade and today the trade triggered. Ever since bouncing from 44 lows to 70 TNDM has been consolidating sideways and formed a solid Ascending Triangle pattern. This pattern is also right under the 50DMA making this a potentially powerful breakout. I also like the fact TNDM is holding above the rising 5DMA.
Entry - 70.86
Stop Loss - 68.60
Target - 80
Canopy Growth BreakoutAscending Triangle. I drew a symmetrical triangle here a month ago didn't work out. Seems like there wasn't enough power to push it up.
The recent FED meeting pushed the SPY to new limits. Everyone is very bullish now.
Canopy may push through to new highs within the next week.
Buying a few calls to go for it.
Short Position for CADCHFAfter the breakout from the Ascending Triangle Pattern, CADCHF starts showing a Bearish Continuation by Declined the Moving Average Exponential.
After the Decline, I decided to entry Short Position ( Sell )
SELL @0.7520
STOP LOSS @0.7570
TAKE PROFIT @0.7455
This action was taken by Chart Pattern analysis and a combination of Standard Indicator, Moving Average Exponential ( 10 & 20 ).
This is just my analysis, don't consider this as a suggest unless you suit with the risks.
Good luck !!
Cheers !!
ACB Breakout forming Ascending triangle patternACB breakout is forming, Ascending triangle pattern
So far the marijuana market has been dragged down by the SPY with analyst upgrades on ACB it's pulling in a lot of investors.
If the SPY recovers from this point even for a brief period of time we may be heading back up to $13-14 levels.
NZDJPY Ascending TriangleAfter quite a drop we're now seeing a ascending triangle formed.
Since I find the 'textbook" ascending triangles not very clear (some say it is a continuation pattern, some say reversal)
To start learning more about this pattern I'm going to publish it here so I can find it back later on.
Give me some feedback about what you think this pattern would do after the movements we've seen.
Thanks for reading, would appreciate a like!
Ascending Triangle PASC/BTCThis point would be perfect to buy pascal to get a good position before the Stronger pump of the triangle.
Eur/Usd 28-03-2017 (AP)Hello Dear Traders & Welcome To Growing Forex
After The Major Downfall Back In 2015 The Pair Is Trading In A Consolidation With No Clear Direction.The Pair Is Forming A Double Zigzag As Of Now But Can Make Possible Move Of Triple Zigzag Correction.As You Can See In The Chart The First Wave Of Zigzag Correction Where Point C Falls Short To Complete Its Flat Pattern Therefore Indicating A Double Or A Triple Correction.(#Flat Correction#Wave C Falls Short Of Wave A #Indicating A Double Or A Triple Correction.)The X Correction Is A Zigzag Followed By Wave A Having A Zigzag Inside That Can Extend Up To 1.0978 Minor Resistance.If The Pair Breaks Above This Levels Next Target Would Be The 78.6% Of Swing High & Swing Low Which Is The Second Trend Line Above.On The Flip Side The Pair Can Triangle Correction (Flat + Any three + Triangle) But The Possibilities Are Less.
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Watch for GBPUSDSince we've hit the Weekly resistance and hit the TL , we have have a ascending triangle. Beter wait for further confirmation. After the strong bearish move we have formed newer HL and HH on the daily. Either trading the bearish breakout or waiting for a bullish movement to enter whenever it should cross the weekly resistance. But for now just observing...