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Ascendingtrianglebreakout

XAUUSD → Will Retrace till 2802-2794 but after hitting 2835Hello Traders! As gold has made its ATH 2830 which was also a trendline where gold respect that trend line and down now every thinking for retracement but gold will do a breakout till 2835 as gold done on previous trendline gold can hit 2835 easily before drop to retracement level of 2794, so for now i am bullish till 2835 in that zone i will see a good entry for sell. Support: 2802 Resistance:2830 Fib Golden Zone: 2794-2796 Liquidity Zone: 2794 Gold will continue its trend after retracement but we need a good entry for sell almost from 2835
CAPITALCOM:GOLDLong
by PIPsOptimizer
XAUUSD → Expected to retrace to 2802-2794 after hitting 2835.Hello, Traders! like gold has made its ATH 2830, which was also a trendline that gold respected, and down now every thinking for retracement, but gold will do a breakout till 2835 like gold did on the previous trendline. Gold will easily reach 2835 before dropping to the retracement level of 2794, thus I am bullish until 2835, when I will find a decent entry point for selling. Support: 2802. Resistance: 2830 Fib. Golden Zone: 2794–2796 Liquidity Zone: 2794 Gold will continue its trend following the retracement, but we need a decent entry point to sell almost from 2835.
CAPITALCOM:GOLDLong
by NexusTradesZone
Ascending Triangle Pattern Tutorial: 3/8 Bullish PatternsAscending Triangle Pattern Tutorial: 3/8 Bullish Patterns An ascending triangle is a bullish continuation chart pattern that signals the potential for an upward breakout. Here's how it forms: Flat Upper Trendline: The upper trendline is flat, indicating a resistance level where the price consistently faces selling pressure and fails to move higher. Rising Lower Trendline: The lower trendline is ascending, showing higher lows as buyers step in at increasingly higher prices. Price Convergence: The price action gets squeezed between the two trendlines, leading to a tightening range. Breakout: Eventually, the price breaks above the resistance level, indicating a continuation of the upward trend. This breakout is typically accompanied by a surge in volume. Ascending triangles are popular among traders because they offer clear entry and exit points. The height of the triangle, measured from the base to the horizontal resistance, can be used to estimate the potential price target following the breakout. LIKE l FOLLOW l SHARE
NASDAQ:METAEducation
by RonnieV29
6
WILL CARNIVAL CRUISE LINE ($CCL) CONTINUE TO SAIL HIGHER?! 50%+🚢 WILL CARNIVAL CRUISE LINE ( NYSE:CCL ) CONTINUE TO SAIL HIGHER?! 50%+ Potential! 🚢 NYSE:CCL had a rough ride during the COVID pandemic as everyone stayed home, not vacationing, and definitely not cruising. But could it be ready for a massive comeback? In my latest video, I break down the "High Five Setup" trading strategy, the ascending triangle breakout, and when to possibly enter this exciting trade. Trade Idea: Entry: $20 Exit: $17.88 PT1: $26 PT2: $30.64 Thanks for watching and for all the support! Let me know what stock or video you want to see next. LIKE | FOLLOW | SHARE Not financial advice. #StockMarket #Trading #Investing #CarnivalCruise #HighFiveSetup
NYSE:CCLLong
by RonnieV29
6
Decoding the next Big Bull - Jio FinanceJIO Finance - from the day of its Demerger listing - had gone thru a very subdued performance up until now. Finally the Tiger is out of the bushes and is showing up its real power On the Technicals front - we can derive the Near to Short term view using chart patterns. Long Term view is still strongly bullish, but due to lack of history and patterns, we are proposing Incremental targets Technical Analysis: Near to Short Term view On Daily Time Frame, price has already completed a beautiful Cup and Handle Pattern / Bullish Ascending Triangle pattern with Target of 300. Price did reach very close @ 295 to the target but fell sharply, retracing back to the C&H BO zone and took a bounce - now forming a Fresh Rounding Bottom pattern. BO above 296 WCB for New Target of 335 Disclaimer: Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:JIOFINLong
by Stocks-n-Trends
Compressing the Compressor - Elgi EquipmentElqi Equipment is a leading manufacturer of Compressor mainly for the Railways. Given the Focus & Investment on railway sector by govt of India - many railway themed stocks are flying. Elqi Equipment on Monthly is getting compressed in an Bullish Ascending Triangle formation. Its a Double Resistance - 1) Long Term Parallel Channel BO pending 2) Ascending Triangle BO pending BO for both same - above 580 WCB will take to a target of atleast 300 points to 885. Enjoy the ride Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:ELGIEQUIPLong
by Stocks-n-Trends
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
USD/CAD HTF Bullish Confluence? Multiple Breakout OpportunitiesBullish Outlook In this post (Bearish Outlook and former post update below), I highlight the potential bullish confluence we’re seeing on multiple higher time frames. This HTF reversal could begin with the former strong support level that we broke through but could act as support again – this would create an extremely convincing Inverse H&S as our left shoulder has tons of liquidity already built up. Current Buy Trades: On the Mid Time frame (2hr) - If we do break out on the 2HR with a healthy retest and bullish CHoCH, we will reconsider for a potential IHS signal upward toward the mitigated HTF supply zone and attempt to create a Major CHoCH to the upside. On the higher Time Frame: we should keep an eye on the weekly and daily charts for pattern confluence and strong level breakouts. This potential confluence of the bullish flag and Inverse H&S on the weekly is showing strong signs as the selloff has been controlled within this channel and if we do see a breakout of channel and neckline, we could make our HTF move up. Confluence: If we do see some bullish structure start to form, we might see confluence on multiple time frames which would be a very bullish HTF signal: 1. 2HR – Bullish breakout of ascending triangle and CHoCH a. Subsequent BOS and LTF trade signal to upside. 2. Daily – Inverse H&S neckline retest and breakout a. Resistance to turn support 3. Weekly – Breakout of bullish flag upper channel and neckline of IH&S. LAST POST Summary and Update: (Bearish Outlook) As I mentioned in my previous post, on the higher time frame weekly chart we mitigated our demand zone and hit expected resistance at the top of our bearish channel and failed to make a higher high. We then smashed through a strong support level and created a major CHoCH. We just recently mitigated that higher time frame supply zone but failed to make a high so we are currently on the bearish path toward a new lower low. Our projected trade from last post (linked below) is still in play and awaiting its Choch signal. As we can see we have twice mitigated our LTF supply zone as I mentioned would occur in my previous post (linked below), and are awaiting an entrance signal via 2HR (MTF) CHoCH and subsequent 15min supply zone mitigation. Current 2HR Sell trade: We are now creating an ascending triangle and although typically a bullish signal, due to the HTF outlook, I’m looking for a potential liquidity grab from the upper resistance level and a fake out. If we do grab liquidity and see a strong move I’m looking to short this on the rejection of the triangle breakout.
Long
by ReigningTrades