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Ascending Triangle

Covid & Vaccine Related Novavax Long Play in the cardsHi guys! So lately theres been some buzz on a particular variant, increased cases of hospitalizations and government backing. At risk population that require vaccinations/ boosters will always exist. Therefore, i believe this fact along with various technical analysis findings can make companies such as Biontech, Moderna and even not as famous Novavax potential plays. (Look below for my analysis on Biontech) Jumping right in. This is a technical analysis on Novavax (NVAX) on the 3 day timeframe. Zoomed in we can see that we have a GOLDEN CROSS. Between the: 21 EMA 50 SMA Being on the 3 Day its ALOT more Powerful than having it on 1 Day and it may influence the larger timeframes. Which is what we want. We have also maintained SUPPORT on both Moving Average. (21 EMA and 50 SMA) This is a great sign, if we continue like how we are with our current candle during the close that would further confirm Support and a bullish case in my opinion. This 3 day candle will close on the 8th of September. Pay attention to how big the body of candle gets on the close. With this i would like Volume to start to pick up especially if and when we get to the "flat trendline". Another important development to notice is the Ascending Triangle. This can be giving us evidence we are in the process of BOTTOMING out. Watch for the breakout ABOVE the Flatline. This with confirmation of Support on flatline would be a Major Area to take Long Positions. I would ADVISE AGAINST buying inside the triangle. But Belowthe Ascending Support Line would be an area for Stop losses. Watch also how the MACD acts. If we continue in Green and the Blue/Orange lines make it ABOVE 0 level. We will be off to the races, as it would be the necessary catalyst that provides momentum to have the triangle play out. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on NVAX in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:NVAXLong
by SafofAllTrades
2
TOMO WAITING GAME: Ascending Triangle On this hourly chart of BINANCE:TOMOUSDT , the coin forms an ascending triangle pattern. For this instance, there could be an imminent breakout or breakdown. This week can have a massive movement of the coin as the shape of a month-long triangle spans until approximately Wednesday as the price is squeezing inside as of today, so let's wait for the next days ahead and add this coin to your crypto watchlist. In analyzing the price movement, if a support breakdown happens, potentially hitting the support lines through a Fibonacci retracement from swing low to swing high. On the other note, a breakout occurs through the price overlapping the vertical resistance and potentially retesting to assess its firmness and identifying it as a possible new support line along with other key resistance lines. Always plan your trades by identifying take profit and stop loss areas for security. Moreover, discipline, one example is PATIENCE. Have a great week ahead, and happy trading!
T
by luigi360swirl
Ethereum is starting a new bull market! (after 2 years) After almost 2 years, ETH is starting a new bull market. It's still a great time to buy before ETH reaches 10,000–20,000 USDT per coin! So why is ETH bullish? To answer this question, we need to use the Elliott Wave theory and chart patterns on the weekly chart. As we can see, we have a strong Elliott Wave nest (1-2-1-2) with a combination of the previous ABC Zig Zag (3-3-3). This combo is indeed powerful! What's more, we can see an ascending triangle at the bottom of the trend, which is an even stronger bullish sign! You want to buy Ethereum and Bitcoin as soon as possible to earn a lot of money, as the price is still very cheap. Profits are already insane, so be greedy and enjoy the ride! What is the profit target? You do not want to sell ETH for less than 10,000 USD per coin, that's for sure. As per my analysis, ETH could reach 20,000 USD in 2025, which you will see in one of my next analyses, so make sure you are following me! But of course, in the short term, we have some strong resistances, such as the 0.618 FIB at 2534 USD. Definitely a good profit target for swing traders. I really look forward to 2024 and 2025, which will be bullish months! At this moment, probably 95% of traders are gone; they left the crypto space because, of course, they lost money during the previous bear market and were forced to sell their holdings. Some people may say that people should hold strongly and never sell, but if someone has to pay the bills, they are forced to sell it. So it's easy to say, right? This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and privately. That's my outlook; be bullish and have a nice day! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
57
CADJPY ASCENDING TRIANGLE Hello traders, and welcome to our "Trade Chart Patterns Like the Pros" analysis. Today, we're zooming in on CADJPY, which is showcasing an ascending triangle pattern. The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. It is characterized by a flat resistance line and a rising support line. As the price moves between these lines, it narrows, and a breakout is imminent. The pattern is complete when the price breaks out of the triangle, typically to the upside. Breakout Level: 108.148 Once we observe a confirmed uptrend above 108.148, stops will be strategically placed below the low prior to the breakout. This approach ensures our trade setups are protected. Target 1: - 62%: 109.550 - 79%: 109.917 Target 2: - 127%: 111.051 - 162%: 111.862 Stay tuned for more trading insights and always trade responsibly! If you found this analysis helpful, please boost the idea and follow for more insightful updates. Your support is greatly appreciated! TCPLTP
Long
by TradeChartPatternsLikeThePros
7
GBPJPY → Pound Sterling correction on the fundamental backgroundFX:GBPJPY is forming an attempt to change the trend. The market on the background of the fundamental component related to inflation and the UK interest rate breaks the support of the ascending price channel and fixes in the red zone The currency pair is forming consolidation and following the weakening of the Pound Sterling is heading downwards. From the point of view of technical analysis - the main potential target in the medium term is the support at 177.4 - the extreme point of the shakeout before the last rise. Most likely, when the Central Bank of Great Britain announced the halt of rate hikes and further rate cuts, the currency started to form a correction after the tight policy. After breaking the support, a correction to the previously broken boundary is formed on the chart and the currency pair consolidates for further decline. In the long term, I expect a medium-term decline in the price to the specified target. Support levels: 181.2 Resistance levels: 181.96 The medium-term target is indicated on the chart. Fundamental and technical analysis indicate further decline. Regards R. Linda!
Short
by RLinda
16
USDJPY | Perspective for the new week | Follow-upThings are heating up as the selling pressure surrounding this pair seems to be shifting gears. The US Dollar is riding high, boasting its loftiest daily close since March. What's fueling this surge? Well, it's all about the robust economic performance of the US economic docket. Let's dive into the numbers—brace yourself for some impressive stats. The Producer Price Index (PPI) recently flexed its muscles, growing by 1.5% YoY. That's a notable leap from the prior reading of 0.8%, and it's left expectations trailing in the dust. Meanwhile, Retail Sales in August defied predictions, surging by 0.6% MoM, way above the estimated 0.2%. Not to be outdone, the US Department of Labor shared some encouraging news: weekly Initial Jobless Claims stood at a mere 220,000, down from 217,000, comfortably beating market consensus pegged at 225,000. These numbers collectively paint a picture of a resilient US economy and a notable rebound in inflation throughout August. But here's the twist—the Federal Reserve (Fed) doesn't seem swayed by these developments. Market key player suggests that the Fed is likely to keep its interest rates steady at the upcoming meeting. In the background, the Fed's steadfast hawkish stance continues to give a nod to US bond yields and fortify the US Dollar's position—for now. Now, let's pivot to the Japanese Yen's corner, where the plot thickens. The Bank of Japan (BoJ) has made its stance clear: they're not considering an exit from their ultra-easy policy unless wage and inflation data play ball. This leaves the JPY exposed to the maneuvers of its global rivals. As we gear up for the upcoming week, we're bracing for a series of pivotal economic events, including the highly anticipated interest rate decisions from both sides of the Pacific. Stay tuned for the analysis that'll keep you ahead of the forex curve! USDJPY Technical Analysis: As highlighted in the video, the recent mild downward pressure is beginning to ease, and the odds of USD pulling back further have diminished. However, only a clear break of 147.950 will validate an uptrend continuation. In this video, we conducted an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is within the key zone of 147.950, which will serve as our center of focus ahead of the upcoming week. The key level becomes an area of interest as buyers continue to knock this ceiling and a breakout/retest could incite a clear uptrend. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come. Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together. Wishing you the best of luck as you chart your course in the USDJPY market this week. #USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
Doordash Bottom Formed, Strengthens idea to go LongHi guys! Welcome to an analysis on macro developments of Doordash (DASH). With the markets doing what they've been doing this year, we have to ask, " Will the % gains come to stocks that are still many many % down from their tops"? Or are some stocks just doomed to fizzle out and take time to re-build/ grow? Well, if we are in a Bull market, which i personally think we are... Assets with Solid Market Structure & Technicals will also be included into the liquidity being injected into the markets. Taking a glance under the hood with DASH, i can see some promising developments playing out. Making me consider DASH as a Long play. This analysis is strictly on Technicals and is on the 1 Week timeframe to get a big picture view. From the Lows of Doordash we ended up forming a Ascending Triangle Pattern. We ended up with a clean break, followed by 3 weeks of testing supporting at the breakout point, the flat trendline. Ascending triangles are usually Continuation patterns. BUT at market bottoms, it can act as a Bottoming pattern. The breakout of the Ascending Triangle allowed us to break resistance at the time, now turned SUPPORT. We hit our measured move of the Ascending Triangle, to the T. We ended up retracing back to the Resistance turned "Support Zone (Green rectangle). We tested support for 2 weeks, followed by the print of a Bullish Engulfing Candle (last week) which confirmed our Support here. The reason to go long here is of 2 folds: 1. The presence of a bottoming pattern, the Ascending triangle in this case. 2. The confirmation of MAJOR SUpport at this "Support Zone". These 2 things enhance our chances of price gains to the "MAJOR RESISTANCE" line. This would be a Major area to take profits. ALong with these, my MOmentum indicators are showing potential for BULLISH momentum to come in. STOCH RSI is crossing Bullish, once it moves ABOVE the 20 level. This will indicate Positive momentum to come into this asset. ALong with MACD, last week printed a Dark Green histogram. This shows strengthening of Bullish momentum. We are also ABOVE the 0 level, as long as we stay above with a BUllish cross, probabilities of further Price Gains are likely. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on DASH in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
DLong
by SafofAllTrades
Ascending triangle pattern 1) Analysis of the weekly charts 2) Chart patterns break out on the charts. 3) Charting an ascending triangle 4) The stock's resistance level was 426; the breakout with an ascending triangle pattern is good sine 5) The pattern's trend continues 6) excellent value accumulation 7) The uptrend appears to be unbroken. 8) target level of 580 halt loss of 370 9) Use 398 as a stop loss with 500-505 as the target level. 10) The stock's sentimental resistance level is 500. 11) No advice for buying or selling 12) solely for educational purposes 13) not liable for any sort of buy or sell, perform your own analysis
NSE:JINDALPHOTLong
by investigationofchart
USDJPY → Ascending triangle will provide bullish momentum FX:USDJPY is strengthening on the background of the dollar indices growth. The currency pair continues to form a bullish price channel and in addition forms a pattern, which may form a bullish impulse in the near future. On the chart I have marked an ascending price channel, its structure plays a key role in the current pricing of the forex currency pair. An ascending triangle was formed relative to the level of 147.800. The set-up of this triangle can be explained as a provocation of buyers relative to the limit resistance level put up by the market maker or big sellers. The market continues to pressure this area. The very figure of ascending triangle was formed in the moment of local correction of dollar index. In the near term, I expect another retest of 147.816 followed by a breakout of resistance. Support levels: 147.00, 146.150 Resistance levels: 147.816 I expect a breakout of this resistance with the subsequent formation of a medium-term upward movement to 150.00. Regards R. Linda!
Long
by RLinda
12
UiPath Bottoming & Trend Shift Signs Point to Trade PotentialHi guys! With this years bullish activity, ive been on the hunt to find assets that are down 50%+ and with unignorable strong technical signs of bottoming that will pull in bullish activity. One that i have noticed to have some nice technical signs playing out in my opinion is UiPath,Inc (PATH). This analysis is on the 1 Week timeframe giving us Macro insights. First we will discuss MAJOR Macro developments that really brought my attention to PATH. We have broken out and confirmed out of MAJOR RESISTANCE Line that expresses our major DOWNTREND. That is indication in my opinion of a Trend Change. This is important to see in a stock trying to bottom out. The 2nd MAJOR Development, is the observation of an ASCENDING Triangle Pattern. Usually its seen as a Bullish Continuation Pattern but at bottoms it can be seen as a Bottoming pattern. If we start to see signs of a breakout and then CONFIRM Support on the Blue Flat Trendline, it would signify the Triangle is playing out and we have indeed bottomed. The confirmation of Support would make a solid area to take positions. VOLUME must continue to increase if we are to breakout of the Triangle. So this next week to couple weeks will be interesting to see what happened. Also note, that for the Triangle to play out, we need to pass some Extreme RESISTANCE. There is always a possibility of a rejection here or a fakeout so maintain vigilence and watch for CONFIRMATION. Keep in mind also a rule of trendlines = The more we touch a trendline, the weaker it gets. Now lets take our attention to Current Price Action: As long as we close around these current prices today, we will print a BULLISH ENGULFING candle. This print will also have our price action ABOVE the 21 EMA. Though we've been above and below quite a few times, with other things playing out in the charts, i believe we have a more likely chance to continue ABOVE the 21 EMA. Normally in UPTRENDS, staying ABOVE the 21 EMA is needed. We will need a test of support and confirmation of maintaining it. ALong with this, if our MACD prints a BULLISH CROSS while being above the 0 level, this would be key for BULLISH MOmentum to come in. With MACD if the Red line in the RSI is broken and it takes the Path i drew out in black. This would make it likely for the Ascending Triangle to play out to the measured target. Check out my Doordash Idea to see example of Ascending triangle. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on PATH in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:PATHLong
by SafofAllTrades
💱USDJPY - Waiting for a breakout and rise to 148.00USDJPY after correction and retest of trend support fully redeems the fall and almost closes Monday's gap. A retest and pre-breakdown consolidation of 147.37 level is formed TA on the high timeframe: 1) The bullish trend continues 2) No decline against 147.800 3) Price forms a retest for a breakout TA on the low timeframe: 1) A bullish price channel is formed 2) Price recovers and returns to the resistance that has been holding the price for a long time 3) I expect a breakout of 147.375 in the long term. Key resistance📈: 147.375 Key support📉: 146.5
Long
by AndeWave
11
IWM - Ascending Triangle PatternIWM has been flip-flopping within an Ascending Triangle Pattern for the past 1 year+. It is no wonder that many of the smaller stocks are exhibiting wild flip-flops in the past months. On a more optimistic note, an ascending triangle pattern has greater odds of breaking to the upside eventually. For IWM, this means a breakup above 198-199 could happen eventually (not guaranteed but good odds). Until this happens, we might continue to see a very mixed/weak market especially for the smaller-cap stocks. Meanwhile stock picking skills with good money management is tantamont to traverse this market If and when a breakup happens in IWM, it is likely the market bulls will be back in force. Meanwhile, can only wait and see what happens. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
AMEX:IWM
by Juliac
Microsoft (MSFT) -> Retesting The All Time HighMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Microsoft. Looking at the higher timeframe you can see that Microsoft stock is once again retesting the previous all time high at the $340 resistance level. Furthermore Microsoft is also creating an ascending triangle formation so I would love to see another bearish rejection and then the longer term bullish breakout. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:MSFTShort
by basictradingtv
29
💱USDJPY - Market aims for 150 on weak yenUSDJPY on the senior timeframes aims to test the global resistance level of 2022. The Japanese yen is weakening strongly against the backdrop of a strengthening dollar. TA on the high timeframe: 1) A break of 144.897 sends the price to 148.86 2) A small rebound from this level is possible with further growth to 152.0 in the medium term. TA on the low timeframe: 1) the market acquires a strong support area: 146.56. A rebound and a retest of the next level 147.4 is being formed 2) If the second level is broken, the market will get a target of 147.87. 3) But! A rebound to 146.56 with further growth is possible. Key support📉: 146.56 Key resistance📈: 147.4
Long
by AndeWave
8