Ascending Triangle
CADCHF - BEARISH RISING WEDGE 📉Hey Traders👋🏻
The CADCHF Price Reached a Strong Resistance Line ✔
Currently, CADCHF formed a Rising Wedge ✔
The Price Failed To Create New Higher High 📈
The Support Line of the wedge is Broken 🔥
If Price Stays Under The Key Zone, CADCHF Can Continue The Bearish Move 📉
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TARGET: 0.65354🎯
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ACHV preparing to Reverse SHORTACHC previously ran up in a high tight flag pattern in my previous idea.
It has been slowly ascending in a narrowing channel. ( ascending wedge)
There has been a little push in volume on the indicator as price has
approached the upper boundaries of the channel. The average
directional index has decreased into the " chop zone" where consolidation
and lack of direction describes the price action.
I see this an an opportunity for a short entry. I will watch things on
the 1 and 5 minute charts for the best entry possible and the
ride this volatile biotechnology stock a long as possible.
EURGBP - Bearish Rising Wedge 📉Hello Traders👋🏻
The EURGBP Price Reached a Supply Zone (0.88499-0.88656) ✔
The Price Failed To Create New Higher High 📈
Currently, EURGBP formed a Bearish Rising Wedge ✔
The Support Line is Broken 🔥
If Price Stays Under The Key Zone, EURGBP Can Continue The Bearish Move 📉
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TARGET: 0.87570🎯
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The end of bear market? SPX is pointing to a bull market trend.The analysis provided suggests that the SPY (SPDR S&P 500 ETF Trust) has broken out of a falling wedge pattern that began in January 2022 and is now on the verge of breaking out of an ascending triangle pattern. The falling wedge pattern is typically a bullish continuation pattern, while the ascending triangle is also a bullish pattern that signifies a potential continuation of an upward price trend.
Additionally, the analysis notes that triangle patterns are often observed following strong and extended price trends, as buyers and sellers test the new price of a stock and become more or less aggressive over time. Ascending triangles are considered to be bullish signals, indicating a potential continuation of the upward price trend, while descending triangles are considered to be bearish signals, indicating a potential reversal of the upward price trend.
Based on the analysis provided, the expectation is that the SPY will continue its bullish trend and break out of the ascending triangle pattern. However, the analysis also mentions the possibility of a seasonal push down in September/October, which may cause a temporary dip in the price of the SPY. Nonetheless, the analysis suggests that this dip will not push the SPY back into bear territory.
To further expand on this analysis, it's important to consider other technical indicators and market factors that could impact the SPY's price movement. For example, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are popular technical indicators that can help confirm bullish or bearish trends and potential price reversals. Additionally, market news and events, such as economic data releases, corporate earnings reports, and geopolitical tensions, can also impact the SPY's price movement.
Furthermore, it's important to note that technical analysis is not infallible, and there are always risks and uncertainties associated with investing in the stock market. It's essential to conduct thorough research and analysis, diversify your portfolio, and consult with a financial advisor before making any investment decisions.
AD Ascending Triangle 1hr Chart target $417The 50 Day Moving avg is looking to cross both D leg, and X leg of the Bearish Cypher pattern. These are past resistances levels, once both these levels are crossed over. I fully anticipate price action to go higher. In Fact the AD has an ascending Triangle Pattern to 417 on the 1hr time frame. For short term traders and swing traders this is a bullish set up
AUDCHF - NEW BREAKOUT !HELLO TRADERS !
On The Daily Time Frame The AUDCHF Price Reached a Support Level !
Currently, The Support Level is Broken and becomes a New Resistance Level 🔥
The Price Formed a Descending Triangle Pattern !
so, I Expect a Bearish Move 📉
i'm waiting for a retest...
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TARGET: 0.58800🎯
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LINK/USDT BREAKOUT! LONG SCALP SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this LINK/USDT trade setup.
LINK looks good here. Breaks out from the ascending triangle in 4hr time frame. Expecting a 15-20% pump from here. Long some here and add more in dips.
Targets:- $8.26/$8.96
SL:- $7.40
Lev:- 5x-10x
If you like this idea then do support it with like and follow.
Thank You!
DOT's chance to reach 7.5$🌟DOT has created a bullish pattern which is an ascending triangle. The pattern will increase the price as much as the measured price movement (AB=CD). if this expected movement happens, the price shall end up near 7.5$!
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
Ascending Triangle On ETH (BULLISH!!)
Hello guys ,Today i saw a low risk opportunity on ETH/USDT.
the price is on the bottom of the ascending triangle and if it doesn't break it you can do this scenario.
open your position after the price turn back.(wait for green candle,don't open your position fast !)
first target is about 1995.(it's safe to close your position)
but if it's going to continue the scenario , you can close your order on 2030.
supertrend is giving a buy signal too.
it's just an idea , always do your research and analysis.
don't forget to follow and boost this idea :) thank you.
Moreno technical analysis. The huge ascending triangle.There is very slowly forming giant ascending triangle which could potentially peak during2025-2026.
Example of an ascending triangle. Notice the flat iupper line and the rising lower line. This is a generally bullish line. (Figure 6.1b "Technical Analysis of the Financial Markets" Page 131)
The measurement. The breakout (C) should see a sharp increase in volume, That upper resistance line should act as as support on subsequent dips after the breakout. The minimum price objective is obtained by measuring the height of the triangle (AB) and projecting that distance upward from the breakout point at C. (Figure 6.3a "Technical Analysis of the Financial Markets" Page 136)