FOREXCOM:AUDUSD as you can see price is in the bearish Triangle it means price can fall to the bottom of the triangle also regular bearish divergence and SMA100 indicates it now price can decreasing to the bottom of the triangle . ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _...
Today's focus: USDX Pattern – Minor Support. Support – 102.06 Resistance – 102.52 Hi, and thanks for checking out today's update. Today, we are looking at USDX on the daily chart. Today's video asks if USDX will continue to hold short-term support at 106.06 and make a new move at testing resistance, or is this just descending triangle price action, which in...
descending traingle pattern creating in gbpusd in m15 time frame
Key highlights: 💡⚡ 📈 On a daily timeframe Bitcoin is trading at its support level which is around 18,942 level. 📈 since last few months script was in consolidation zone as highlighted in chart. 📈 script may give breakout of descending triangle in next few trading sessions. 📈 into that first target or we can say resistance can be around 25375 level and second...
Last Time we talked about Ethereum,It was in a Descending Triangle and the Pattern was not Broken yet. But now the Price has fallen out of the mentioned pattern and of course It was Expected to Happen. there were to Predicted support back then, one at 1230$ and another at 1045$. These were Our predictions and you can see that the Price has reacted Positively to...
Hello TradingView community, today we’re looking at AVAXUSD as price remains in a solid-looking downtrend. We are watching a consolidation pattern that could be a descending triangle or a wedge type pattern in the existing trend. The key for us is at 28 support. If sellers break this level, the continuation could be on, and we would like to see a new LL set to...
Based on the chart, the price has formed the descending triangle ✔️ and now is close to the support area ✔️ if the price breaks the support here to the downside, we can expect correction to the downside ❌🧨 and if the price stay above the support area, we can expect correction to the downside from the purple area located on the chart 🧨❌ just in case the price...
ETHUSD Cup & Handle breakout which is likely ruined. On macro level we are seeing a weekly MACD death cross, on the other hand we now have a potential 4-hour bear break on the top right hand corner. At the bottom right you can see that ETHBTC has been looking bullish but the trading volume has been dropping, this usually suggests that the underlying asset is...
Tesla’s looking very nice here. Price broke out of the descending triangle to the upside and has currently retested previous resistance on the daily which ended up closing on a hammer. Keep this on your watchlist.
Public Bank Price Seem ranging above 4.00 and may form a bullish descending triangle . Price Could hovering around RM4.00 again at wave E (Yellow) of triangle before resuming its uptrend toward above Rm6.00..
Alibaba (BABA) has been in a free fall down 36% since October 26th, 2020 when rumors began circulating that he had gone missing or had been arrested by the Communist Chinese Regime (CCP) that same month. Another factor that helped led to the sell off was rumors that Alibaba might be delisted form the NYSE. On Thursday (BABA) fell below $200 which had been a key...
#USDCAD market is moving in a descending triangle and also have formed double bottom & top consequently. Now it is very tricky to decide which market is going. Most probably market will break descending triangle and also will cross the neckline of a double top. If this happens it will be confirmed buy in this pair. So wait for a confirmation call.
I hope that I'm wrong and we continue to moon town with Vitalik and Elon. Daily looking bearish, could retest some of the lower fibs before breaking to the upside of the descending triangle. Short on the way down, buy the dip and get a good entry on some almighty longs before we blast off to 10,000k usd. At the end of the day, a retracement like this wouldn't...
Do you consider this a descending triangle with an upward breakout? With November 3rd coming, I want to keep stocks that present the right patterns.
As the pair first bounced off the 78.330 support zone I has been making multiple rejections off the support zone but with little momentum to the upside. We have seen the pair make lower highs the previous week forming a descending triangle pattern, signaling that we might see a break of the support zone as well the the triangle pattern as a whole. Thanks for...
A nice short opportunity if we see a close below the range it is currently in on the lower timeframes. A nice descending triangle formation with the resistance of the pattern now being tested, I think we will see it short into the 1.39465 area. SL placed just above the exhaustion candles on H4, risk/reward of 1:5.21. Once it reaches the support of the triangle I...
EURGBP - Good long idea, we have currently created a descending triangle on the 4H TF, on the support zone we do also have a double bottom indicating potential bullish movement, i will be looking for a break and a possible retest of the descending TL before making an entry
Gooday Traders! From the daily Time Frame, price has been in a 12 month old descending channel. Last week price broke out upward from a descending triangle. Currently, price is making a correction of that bullish impulse wave with a flag pattern, inner descending channel or what ever your nomenclature might be. On H4 im looking forward to pulling my trigger for a...