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Descending Triangle

BA Descending Triangle Weekly Options PlayDescription BA has been working this Descending Triangle from its post-covid crash high around 278. There was one false breakout to the upside on 15NOV, which I traded, related idea linked. Descending Triangles are bearish in nature, and the implied move carries BA down to 137. Intermediate supports are at 194, 179 and eventually 144.5. The immense amount of short triggers I am getting in this market is alarming, indicating institutional liquidation has been going on since around JAN - FEB. The "new strain scare" from last Friday shows a perfect of example of investors looking for excuses to sell, not reasons. In reality, the market is not worth its current valuation. Good News = Rising rates = bad for earnings = bad for stock market And bad news is just bad news. Long Put Levels on Chart SL > 205.8 PT : 179 *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/31 180P R/R & Breakevens vary on fill. The long put is placed at a reasonable midpoint between current stock price and eventual price target utilizing available strikes. I do not expect BA to reach this price target in a month. Manage Risk Only invest what you are willing to lose
NYSE:BAShort
by BarnardR
4
Bitcoin Update - THIS CAN BE A TRAP!!!Hey guys, listen to this quick update. We're going to get straight to the point. Everyone is bearish about Bitcoin, right? If you look at the fear and greed index, you can see that there's a lot of fear. Yesterday, there was extreme fear around 21. And today there's still fear, around 28. But that's the good news. If everyone is talking about a bearish Bitcoin scenario, then where's is your EDGE? If the whole world is thinking the same thing, then YOU as a day trader don't have an edge anymore. And in order to have an EDGE, you must do and think what other people don't. I hope you get the point. This is the same scenario when Bitcoin was going up and it hit 69K on 10 November 2021. Everyone was SCREAMING: "Bitcoin to 100k" Everyone was thinking and saying the same thing, so that means that there was no edge anymore. And what happend? The exact opposite! Bitcoin went down to 42K! Right now, everyone is shitting their pants. Almost everyone is talking about bitcoin making lower prices. Right now, people are fearful, they're anxious, and they don't know what's going on. So guess what? The exact opposite can happen. If you look at the 4 hour chart above, there was a bearish candle that closed right into support. As long as Bitcoin doesn't break that support level, there's no need to be bearish! The moment Bitcoin breaks that support level then we can begin looking for short positions. Conclusion, I'm not saying that we will see 100k Bitcoin. I'm just saying that if everyone is saying the same thing, then there must be another way. When everyone is greedy, be fearful. And when everyone is fearful, be....
by EliteTradingX
10
EURUSD DESCENDING CHANNEL (SELL or BUY)The daily chart is where we get the overall perspective of where the market might be headed and can influence how the market behaves from other timeframes. now in this case we see EURUSD creating a descending channel right? yes, and we should be looking for sells because the market is still channeled in between right? However, my chat is that we should look at the little triangle created, what about it? The triangle is now telling us that price will either break above or below the triangle. Should that happen then we will be able to make an informed trading decision. If it breaks above, we will be surely buying this market. But be careful when this breaks below the triangle, because the market maker might just trap sellers. Why I say this, is because of the left leg directly under the triangle, so when the market breaks below, the market maker might just be looking to create a second leg that will complete the double bottom pattern. I have created a logical trading synopsis, it is fully your choice to read up. Unless you think this is utter gibberish!!!
by Tokoloho
Descending Triangle PatternDescending Triangle Pattern is a Bearish Chart Pattern or Trend Continuation Pattern. As you can see that the price is making lower highs which means Buyers are weak and downward momentum is building. In most cases, this pattern indicates traders to make a short position. But I am Suggesting Long position here as the Bullish Harami Pattern is observed at the support zone which is a Bullish reversal Pattern. How to trade? Enter the trade once the trend line breakout appears and retest is done. Keep Stop Loss below the Support zone. If SL gets big then try keeping SL below recent Swing low. One can Keep Target of 1:3 or near to the supply zone. OR as per your Appetite. Note: I am not Sebi Registered Advisor or Technical Analyst. Consult your Advisor before Investing.
NSE:JKCEMENTLong
by Ami8singh
Inverted Cup with Handle and Descending Triangle, Oh My GodInverted Cup with Handle and Descending Triangle, Oh My God... These prices of all top 10 coins are so intimidating... But, cant ignore these signals!!! Is there anyone who knows better than me tell me that I am wrong... An Inverted Cup with Handle in 1H BTCUSDT. Descending Triangle in 1H BTCUSDT. All signs are pointing towards a sharp drop... On top that, it is Friday... May be 42, may be lower. If BTC push up from these signals, it will definitely be an eye opener for me to HODL!!! I might learn something new. Let me know what you think. Not financial advice, Do your own research...
Short
by fhkstoic
1
GBPUSD BEARISH CONTINUATIONBritish Pound Price continue trading in descending channel . GBP pulled back from upside of channel few days ago. From the upper channel trendline it was good moment to sell. The short position continuation can take next good level (1.31000) as a target. GBPUSD made the first drop of 700-1000 pips last week. The support 1.3100 is strong and could retreat and bounce to 1.3500. If the bad CORONA virus news affect more in Europe it can drop easily to 1.3000 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.
Short
by legacyFXofficial
USOIL looking for a retracement? 🦐USOIL on the 4h chart after the recent expected drop has bounced over a daily support. The price is currently testing the upper trendline of a descending channel near to a minor resistance and according to Plancton's strategy if the market will break above and satisfy the ACADEMY rules we will set a nice long order. -–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TVC:USOILLong
by InkyGrip
12
Bitcoin is about to take off! Get Ready!Bitcoin continues to repeat itself. Will it do it again? The current RSI has formed an almost identical pattern as it did in September. During this time it was forming a descending wedge/pennant/triangle. Currently we are near the apex of an identical wedge and the RSI reset almost exactly like this at the end of September before it took off from 39K to 69K. We also appear to be bottoming out on the Bollinger Bands, as we were in September before making a 30K move. The first wave up was 23K and the second wave up was 30K. I anticipate a breakout move to 80K from here. That would be about a 25K move from the bottom(assuming 55K is the bottom).
BITSTAMP:BTCUSDLong
by anamaly
1
Bitcoin, where to buy?Hey, Bitcoin supporter out there. You might be planning to buy on the next Dip, so exactly how low can it go? It depends if you are looking from the trading perspective or investment perspective. Trading perspective, one will prefer a more accurate price so they can trade from the low and profit from the difference. However, if you come from the Investment perspective and you had plans to buy Bitcoin at $63,000, at the current market price of $57,775.65, you are getting a great discount, more than $6000 discount. If you have joined us 2-3 live sessions ago, you would have remembered that I've said that there is an AB=CD Pattern complete at $64,000. At that point, we do not know what causes it, but we know there is a potential for it to have a retracement. If you are looking from an investment perspective, between $54,045.67-$49,539365 is an area you can look out for the opportunity. If you are looking from a trading perspective, between $50,917.72-$51.417.16 will be a good level to wait for candlestick pattern confirmation for a buying opportunity. If the market break and close below $49,539.65, it will send Bitcoin to $48,319.28 and even $44,845.89 before any movement towards the upside. Understand the market you are involved in, the risk it may occur and be Prudent in your Investment, Trading or Speculation.
BITSTAMP:BTCUSDLong
by RaynLim
4