XAUUSD possible forming triangle patten in wave (IV) (blue). P/s Trading is about probability games the only 100% sure things "we can control" is our own risk/money management e.g :- 1) Risk/Reward 2) Position size.
XAUUSD. Base on its speed z factor and current wave structure, which is a completed 3,3,3,3,3 sub waves in wave B (red). I won't rule out the possibility that we have completed an expanding bearish triangle pattern as previous idea posted on 21 June 24.
XAUUSD possible trending up for wave e ( Blue circled) on an expanding triangle in wave B (red).
As We Talked in The Previous Analysis: The GBPCAD Reached a Strong Resistance Level. The Price Formed an Expanding Triangle Pattern. Currently, The Higher Low is Broken. So, I Predict a Bearish Move📉. TARGET: 1.69320🎯
As We Talked in The Previous Analysis: The GBPCAD Price Formed an Expanding Triangle Pattern. The Higher Low is Broken. Currently: The Price Pull Back to Important Structure and Formed a Head and Shoulders Pattern. TARGET: 1.69320🎯
The expanding triangle, as its name suggests, is a triangle, but it differs from the other 3 types of triangle patterns which we covered in the previous chapter. All triangle patterns consist of 2 lines, but in the previous 3 triangles (symmetrical, ascending, descending), the lines were converging, whereas for the expanding triangle, the lines are diverging.
Hello Traders ! On The Daily Time Frame, The GBPCAD Reached a Strong Resistance Level. The Price Formed an Expanding Triangle Pattern. Let's Expect The Bearish Scenario: If The Market Breaks The Higher Low (1.70595 - 1.70440) and Closes Below That, We Will See a Bearish Move... TARGET: 1.69320🎯
Weekly chart, the stock is trading in an expanding triangle, with positive technical indicators RSI and MACD. After crossing the resistance line (BLUE) - at around 5.7, the target will be 9.38 Below the support line, the stop loss should be considered.
Daily chart, the stock SKPC has been trading in an expanding triangle since May 2023, and it is trending upwards - as supported by the positive MACD and RSI indicators. Targets are 32, 34, then 37.7 For daily trader, the stop loss below 28.5 should be considered.
A B-wave is possibly morphing into an expanding triangle to be then followed by an upward correction meaning the start of the C-wave which would potentially conclude the corrective phase of the previous downtrend started around mid-july 2020.
We expect further downside on this pair, signalled by the formation of an expanding triangle pattern breakout. We can also see the breakout, close and retest of the price below the key level on lower time frames, further supporting our directional basis. The trend has changed from bullish to bearish.
Hello Traders, Today, we're focusing on EUR/GBP. I'm thrilled to share this analysis, especially since I don't often publish such insights. Let this be the inaugural one. On its daily chart, EUR/GBP is navigating through the 5th wave within an expanding triangle. Recent price movements hint at a potential reversal, underscored by the formation of a price...
GMTUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH What you guys think of this idea?
BTC 4h Bear Expanding triangle ⏰ TimeFrame 4 hours 👉 Bearish Expanding Triangle 👉 Potential drop 👉 Fibo Measure 👉"This is the Way" ✔️Logarithmic (Log) Chart & Fib ✔️ (Log)MACD
Assessment: EXPANDING TRIANGLE (CONTINUOUS TYPE) This technical analysis is powered by FIGO TRADER® - The pinnacle of trade NB: For best results, ENTRY should be executed at the breakout of chart pattern.
EURJPY has formed expanding triangle or we can say a megaphone pattern. Usually price react extremely well to the support and and resistance of the pattern as we can witness in the pattern. Currently the price is at the resistance of the pattern , if the price start to continue dropping the next target could be 157.715 followed by 157.192.
Hello Traders! The USDCAD Broke a Strong Daily Resistance Level (1.36023-1.36681) Currently, This Resistance Level Becomes New Support Level. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 1.37350🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Dear Traders, Wave structure consists of 5 waves marked a-b-c-d-e, structured 3-3-3-3-3. It also precedes the final movement of the trend of one larger degree. The only difference is its shape. Instead of contracting, it is expanding, which means that wave “a” is the smallest and wave “e” the biggest. In this case we will have the last drop and then a huge long position.