Get started

Descending Triangle

THETA have a Higher Chance to Be Bearish🟡Chart is speaking it self! THETA TOKEN TETHERUS -THETA Is in a Descending Triangle. -No Break out -If the Bearish Break out Happens, We Can Expect The Price to Reach 2$ -There is a little Chance That a Bullish Break out Happens and the Price would Increase Up to 3.8 _________________________________________ 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
9
Is NVDA heading toward 162$?The past few weeks, the markets have been extremely volatile. Some are arguing we are in a bear marker, others still convinced on this being a correction. Regardless your side on that, NVDA is in a clear descending triangle, which is text book bearish, and you can argue almost every tech stock including qqq and spy have formed a major head and shoulders topping pattern. The sentiment is very bearish right now and today we closed in bear market territory(down 20% from the high). We also closed the day, on multiple tech stocks including the etfs, with a death cross on the daily. Textbook profit target based on the base of the triangle would be about a 50$ move to 162$. There are multiple stocks forming this pattern and I will upload some of them after this.
NASDAQ:NVDAShort
by anamaly
Descending triangle is about to breakout on BTC!!We have this textbook descending triangle pattern on the 4 hourly and is about to breakout. I am in short position since 39k and my stop loss is at 39.5k on the 20X leverage and my price target is 37k where i am maybe even interested to go with a long position of the sign of a bounce. As the Nick Diaz once said "Dont be scared homie" What do you think about this descending triangle? Feel free to leave a comment. If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
Short
by Mladen94
10
ETH perspective. Descending wedge structure and key supportsETH has been trading in a bearish descending wedge, and is currently trading in a symmetrical triangle within the larger wedge. If minor support on the triangle fails, we will likely test the bottom of the wedge. If bottom of wedge breaks then we will likely test 1700 major support, and if 1700 fails could easily see 1300. Any break above the bearish descending wedge represents the formation of a new trading pattern. I will be going long from major supports with tight stops. I do not plan too short This is not trading advice, do your own due diligence!
BITSTAMP:ETHUSD
by BonoboJoJo
2
SOL built a descending triangle pattern.The support 80-82 is key support for SOL. The chart has tested this support several times and in each test, this has been born. Eventually, it built a descending triangle pattern. Also, the volume of the buyers gradually has decreased from January. Both these reasons show that the power of sellers is gradually dominating the buyers. Therefore, this support is so vulnerable. The buyers who bought sol put their stop-loss under this support. So this helps the chart will quickly see the lower prices. The next supports are: First support: 66-68 Second support: 48-50
FTX:SOLUSDShort
by pezhmanrz
$DWAC - Bearish Descending TriangleA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. From Trading Sim: You can identify the descending triangle reversal pattern at the top end of a rally. This pattern emerges as volume declines and the stock fails to make fresh highs. The pattern indicates that the bullish momentum is exhausting. At the same time, price action forms a horizontal support level. After price bounces off the support level multiple times, posting lower highs, we can anticipate a potential downside breakout. The minimum distance that price moves prior to the breakout is measured from the initial high. This distance is projected lower after price breaks out below the support level.
DShort
by jaykenneyTRT
1
Boeing (BA) bearish scenario:The technical figure Descending Triangle can be found in the US company The Boeing Company (BA) at daily chart. The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the third-largest defense contractor in the world based on 2020 revenue, and is the largest exporter in the United States by dollar value. Boeing stock is included in the Dow Jones Industrial Average. The Descending Triangle has broken through the support line on 05/03/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 17 days towards 150.00 USD. Your stop loss order according to experts should be placed at 223.23 USD if you decide to enter this position. Boeing Co. has preliminary plans to boost production of its cash cow 737-family narrowbody to around 47 per month by the end of next year, as the U.S. planemaker looks to extend its recovery from successive crises, two people familiar with the matter said. After slashing production due mainly to the pandemic, Boeing and European rival Airbus SE are seeing more demand for their medium-haul passenger jets, with both planemakers adding eye-catching deals to their order books in recent weeks. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:BAShort
by legacyFXofficial
$OPEN - Falling Through the Trap DoorA good trading friend of mine asked for a fresh set of eyes on $OPEN. I figured I would share here. I don't like the impersonal style of this company. When people sell a home- they want a personal relationship with their realtor. Anyone with their chops would tell you it's best to expose the house to the market and let a bidding war take place. This model is smart, but I would never suggest friends or family use Opendoor. Considering higher rates coming and dropping home sale numbers, look for this name to continue to fall further after a failed breakout and rejection. Especially after missing earnings recently. More information about $OPEN from their website: "Opendoor is a leading digital platform for residential real estate. In 2014, we set out to reinvent life’s most important transaction with a new, radically simple way to buy and sell your home. We have rebuilt the entire consumer real estate experience and have made buying and selling possible on a mobile device. We’ve served tens of thousands of customers who have come to Opendoor to make their moves easier. Whether it’s getting married, starting a family, taking a new job or simply making a life change, we help people get to their next chapter in one simple, seamless transaction. Our mission is to empower everyone with the freedom to move. Opendoor currently operates in a growing number of cities and neighborhoods across the country. A full view of the markets we serve can be found here. Headquartered in San Francisco, we are a team of problem solvers, innovators, and operators building the largest, most trusted platform for residential real estate."
NASDAQ:OPENShort
by jaykenneyTRT
DIAUSDT is creating a descending channelThe market is creating s descending channel on the weekly support on the 1.03$ level. On the daily timeframe, we can see a false breakout from that area and on the 4h timeframe, the price is trying to have a breakout from it. How to approach? IF the price is going to have a breakout from the descending channel and retest the previous resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
GBPTRY breakout - the patternGBPTRY is a great trade as always, even better when traded with 0.0 pips spread and NO swap fees. On topic - looks like an inverted head and shoulders pattern on this time frame and may rise up quite nicely today, tomorrow, toy Yoda. Or it would fall under the descending triangle pattern and slide back to where it came from. Let's have a look-see. This is just a pattern analysis and not financial advice. When we give advice we usually sign a contract to protect your capital.
GLong
by Visit-wwwTRESORFXcom