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Descending Triangle

DELTA | Wave Analysis | Target Projection - Take Profit ZonePrice action and chart pattern trading setup - take profit position > A descending triangle major wave 2 - ABCDE pattern with 3-3-3-3-3 complex structure > Target: a possible scenario of making D-wave with an upcoming ending diagonal at the upper resistance of the triangle 0.786-1.0 retracement +15-20% upside > Stoploss: at the previous high position a-wave - 8% downside > Risk reward ratio: 2:1 approx. > After completing the D-wave could possibly retrace downward trend 0.382 - 0.786 for the final E-wave which is the most difficult wave to predict. Always trade with affordable risk and respect your stoploss Good luck
SET:DELTALong
by dukeposh
1
FSR is it ready to breakout from a Descending TriangleFSR could follow TSLA in a current up trend, especially with general market support. Fundamentally, the recent earnings report was favorable. GM's report of plans for a competing vehicle in the low-cost electric Equinox could be fundamentally adverse. FSR is in a descending triangle with an overall price decrease of $2 so any breakout could yield an up trend of $ 2 or about 20%. Drawn onto the chart are support and resistance lines with targets just before the resistance lines are hit.
FLong
by AwesomeAvani
✅Bitcoin - You haven't seen this before! New triangle + wedge Everyone is extremely bullish right now and is saying the bottom is in. But I am still very sceptical. We are having a relief uptrend as predicted in my last analysis. The downtrend is really strong and there is absolutely no sign of a trend reversal at this moment! As you can see on the weekly chart, we have an incomplete falling wedge pattern and clearly there is still a lot of price action missing. It looks like we are creating a trading range on the daily chart. Something like a symmetrical or descending triangle. Regarding my Elliott Wave analysis, I think we can create some kind of triangular formation before continuing lower. The question is, how much lower can we go? We have a gap at 12 500 USDT, which is a reasonable target and the one and only one support on this particular chart. We can use a fibonacci extension from wave 3 to wave 4, but it's still too early because we don't know if wave 4 was completed or not. If the trading range is confirmed, then altcoins can moon during this phase and Bitcoin's dominance should continue in the downtrend. For more analysis, hit "Like" and "Follow"!
by UnknownUnicorn2537518
66
BTC QUICK UPDATE! $17.5K OR $22.5K??Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this quick BTC update. BTC is still in a very uncertain situation and trading between the range of $19.5k-$20.5k According to the chart, BTC is trading inside a descending triangle. So from here, $17.5k or $22k will depend on the breakout or breakdown of this triangle. If BTC breaks below the triangle ($19.5k) then my target is $17k-$18k and if BTC breaks out from this triangle then my target is $22k from here. Until we did not see any clear move, it's better to stay aside and wait for the breakout or break down. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
by CoreCrypto1
11
Bitcoin Dominance BTC.D - Downtrend continues! | Elliott Wave Bitcoin is still a very weak asset, compared to altcoins or the stock market index. As per my technical analysis, bitcoin's dominance should go down to the previous swing low established in 2018. You can bet there will be a bounce, but the question is, how big is the bounce going to be?  As you can see on the chart, the ABCDE pattern has been completed, which usually indicates a final upcoming wave. It's something like triangles in fourth waves. It's hard to do an Elliott Wave count here, because this is not a standard chart. This chart can oscillate only between 100% and 0%. We don't know if the first drop from 100% to 35.41% is an A wave of the correction or a 1. wave of the impulse, because there is no major trend. It's an oscillator. There is a very high probability of going down to the previous swing low because charts like BNBBTC, LTCBTC, XMRBTC, TRXBTC and others look bullish. It's probably a good idea to switch to Bitcoin when the price reaches my target. For more analysis, please hit "Like" and "Follow"!
CRYPTOCAP:BTC.DShort
by UnknownUnicorn2537518
61
Ripple XRP - Market overview + Elliott Wave analysis XRP is a very weak coin this year, and this trend will probably continue for another year. I'll tell you why.  During the bull market in 2020–2021, XRP failed to print an impulsive wave and also failed to make a new all-time high. Instead of an impulsive structure, we have an ABC correction. This tells us that the bulls are not strong enough yet to push the price higher and that the bears remain in full control. I think XRP will experience a massive uptrend on the weekly chart, but we still need to be patient and wait for the opportunity that should come later in 2023–2024.  As per my Elliott Wave analysis, this bearish structure is absolutely incomplete, and that's why I expect another down-trend. The chart printed a symmetrical triangle on the weekly chart that broke down. Symmetrical triangles on weekly timeframes are especially powerful, and it usually requires more time for the bulls to regain strength again. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
29
ITC - NSE INDIAIndia Tobacco Company Limited . The Achilles heel of every investor. Company website- www.itcportal.com Honest management, low debt , high dividend yield 4% , growing sales yoy Diversified businesses - Fast Moving Consumer Goods ( fmcg) , Hotels, Paperboards and Packaging, Agri Business and Information Technology. FAMOUS BRANDS- Aashirvaad - Atta/ flour Sunfeast- biscuits and bakery Yippee! - noodles ( 2nd best to Nestle's Maggi noodles ) Bingo! - chips and snacks. CIGARETTES- Insignia, India Kings, Classic, Gold Flake, American Club, Wills Navy Cut, Players, Scissors, Capstan, Berkeley, Bristol, Flake, Silk Cut, Duke & Royal. ____________________________________________________________________________________________________________________________________________ Trade Technical- A classic triangle break, investor prayers to be answered for a reversal. A good buy.
NSE:ITCLong
by EVOQUE5000
19
V IS ABOUT TO TEST 190 AGAINTicker Symbol: $V ️Timeframe: DAY ️BREAK OF RISING WEDGE AND INSIDE DESCENDING CHANNEL ️Investment Strategy: SHORT TECHNICAL ANALYSIS: MONEY MOVEMENT SHIFTING DOWN AND RED DOT: BEARISH RISING WEDGE BROKEN, MIGHT SEE 190 AGAIN. (BEARISH) DESCENDING TRIANGLE CHANNEL: BEARISH Follow for daily stock, crypto and forex technical analysis. Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
NYSE:VShort
by Red_Green-TA
Bitcoin - Last valid bullish EW count was invalidated, what now? I studied this market structure for several hours, and my conclusion is that there is no valid Elliott Wave bullish count. Simply, a valid Elliott Wave count does not exist. Is this a problem?  From the Elliott Wave perspective, there are 2 possible options: 1) If we want to stay bullish, we have to accept the fact that a third impulsive wave can sometimes be a diagonal, not only an impulse. which I think could be true.  2) This was a huge WXYXZ corrective structure and we must go below 17622 USDT to confirm this count, make a new low, kindly by a wick, and then we can start a brand new uptrend or continue lower to 13-15k.  Which one of these options do you see? Let me know in the comment section what you think about it!  This technical analysis shows an impulsive wave with a non-standard diagonal third wave. We still have a total of 9 waves, which indicates a bullish movement as per the simple rule that 5, 9, 13, 17,... waves are generally impulsive structures.  Market structures are not perfect. Sometimes you can see a weird triangle or a weird wedge, as well as a weird impulsive wave. I don't trade Bitcoin, because my strategy and system is a strict pattern that occurs only sometimes in the market. That's why I watch 1000+ altcoins and pick only the most promising ones as per my strategy. But I do have Bitcoin for the longterm hodl.  For more ideas, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
75
Descending Triangleso we wait patiently the market just break the descending triangle and is currently retesting so what we should watch for is......... 1) the market might come to grab liquidity at the bottom of the triangle :so if that happens we can then enter 2) if we notice an instant reversal from the retest then we would wait for the recent high to get broken so only after this two conditions are met then we can go for a buy. till then we just seat and watch price do its thing
Long
by BIG-T_FX