Get started

Symetrictriangle

BTC UPDATE !After a pullback to the descending trendline of the symmetrical triangle, we can either: 1. Expect a continuation of the uptrend: Open a long position after breaking the $73,200 resistance level. Target the $80,000 level. 2. Consider the possibility of a false breakout: The bulls might be accumulating liquidity before a move down. Enter a short position in the $69,240 zone (high-risk). Target the first support level at $66,500. Target the second support level at $63,800 if the ascending trendline breaks. Important factors to consider: Market sentiment and news Volume and price action Support and resistance levels Overall market conditions Disclaimer: This is not financial advice. Always do your own research and analysis before making any trading decisions.
by Crypto-Oracle1
Beautiful breakout Weekly chart analysis 1) my Target 1280-1300 2) stock beautiful breakout 980 resistance 3) now stock may face sentimental resistance of 1000 4) when it sustain above sentimental resistance 5) it can go as my 🎯 6) keep Stop loss of 850 7) manage quantity for better results 8) symmetrical triangle breakout in stock 9) good volume build-up in stock 10) we not recommend any stock and this stock also, I'm trying to show case my knowledge in yours 11) risk is yours I'm not responsible for any stock buying and selling
NSE:PAYTM
by investigationofchart
SHREE RENUKA SUGAR BULLISH SWING REVERSAL NSE: RENUKA SUGAR formed symmetrical triangle chart pattern on weakly time frame supported with volumes. This weak volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.The stock has been moving along the horizontal support for the past few days which is indicating demand.#stockmarket #stocks #investing #trading #investment #money #finance #stock #invest #nifty #investor #business #sharemarket #financialfreedom #bitcoin #trader #cryptocurrency #entrepreneur #sensex #daytrader #stock #wallstreet #wealth #nse #forextrader #bse #stockmarketindia #daytrading
NSE:RENUKALong
by jps_buttar5353
AUD/CAD: UpdateAs I follow this trade from the past week. This it's the quickly update that I knew very well one thing. As before I said that AUD/CAD will climb, thing that happen when I told you in the past week, what as result, climb but I don't cached the opportunity. But analyzing from the H1 and H2 timeframe, we're in the correction that the market structure speak us that a bearish movement it's developing now!!! So, as I put a sell order place in the $0.9142 CAD. I'm bearish from this point and then, I hope that AUD/CAD continue down to $0.90 CAD. What for now I change and fix my target from this point. What this mean if AUD/CAD reach my target, I will get 137 pips in this trade. So, the entry doesn't like bad and definitely, that was a pretty good entry price. So, the only that I can to watching it's one thing that when analyzing the timeframe, it's very necessary to draw the order block in the smart zone to sell, that will help us to find up a perfect entry. This trade it's appear that was almost perfect. Also guys, what I draw in purple big circle, it's to recall in your trading style that this it's the starting of the bear market trap, as during my trading time, I see this pattern in a lot case of study that this it's the beginning of the bear market. And I hope that this case of study help you in your career.
Short
by harisonhbn9718
6
GBP/CAD: Break-Out bullish rising wedgeGreat Britain Pound/Canadian Dollar was in the downside, but in that point, I see that GBP it's look with a chance to climb in this week and I see a good position to long. The price it's into this symetric triangle, but as we look very carefully, we break out this bullish rising wedge and this resistance diagonal was broke up. This it's the H4 timeframe and we see a bullish divergence in the RSI indicator making lower high and price action lower low. And also, as we break out this gray zone that I mark with 3 blue arrow, this it's a key zone to watch and possible pivot point to look as manipulation incoming. I put a long position in GBP/CAD now in the $1.5764 GBP and SL to $1.5726 GBP and target to $1.5880 GBP. I hope that this analysis support you Good luck!!!
Long
by harisonhbn9718
4
EUR/GBP: bearish hammer formedIn this analysis and update, I make an analysis in H4 timeframe and I see a bearish opportunity to find down. So, we're into this symmetric triangle, but looking in this timeframe the price could to make the reversal to goes to the up trend line around 0.8460 GBP. This it's a good opportunity to short EUR/GBP in this timeframe, the're not any bullish signal as the bullish signal was in the precise candlestick that it's below of this. My entry price was around 0.8514 GBP (56 pips) and target to 0.8460 (GBP and SLto 0.8540 GBP (24 pips) Good luck!!!
Short
by harisonhbn9718
1
BTC/USD: Bitcoin it's above of the EMA 200Bitcoin forming this symmetrical triangle of consolidation and maybe, the price it's ready to blow up. Also, you can to get note that in this Daily timeframe, Bitcoin it's above of the EMA 200 and also make this retest in the support zone of this symmetric triangle where in the past was resistance. But bull are taking control now in the trend and Bitcoin it's ready to goes to up. You can to put a long position in Bitcoin from this price and SL to $42,900 USD. Also, by Daily timeframe, I have calculated that Bitcoin will reach $57,000 USD and then, I use this measure in the base of this symetrical triangle to measure the projection of the price. I'm bullish in Bitcoin!!! And to know the risk/benefit this will be 1:3. And this it's a good trade to note. Now, if you want to entry in this trade, preven to use all leverage and take in your eyes your risk in this trade. Because you will need to learn how to calculate the risk in this trade and how much money do you allow to loss in this trade?. I hope that this idea support you!!!
COINBASE:BTCUSDLong
by harisonhbn9718
2
💥XAU / USD 1921.33 - 0.73% SHORT IDEA * BREAKOUT PTTNS & PRICEHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN IDEA ON THE GOLD METAL THIS WEEK. * The metal has been Correcting for a couple of weeks now, seems we have entered some slowing down in momentum with the bears as we ranged in a symmetrical triangle possibly signaling continuation. - Short term the METAL has currently Rallied with a down trend as WE broke below on the 4h chart. hitting ( LH , LL ), looking for a continuation of this trend with the bears. - Looking for SHORT entries on the METAL this week should all the rules of the formation be met, A break above of the marked structure and close CANCELS the trade. SCALLING DOWN lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
OANDA:XAUUSDShort
by PULEMokhothu
ETH/USD: Symetrical triangle Ethereum forming this chartist pattern of indecision. But maybe, I have some track that we could to hope a break out to the north or south of this chartist pattern. Bullish Case: If Ethereum break up the upline of this symetric triangle around $3,150 USD. We expect a bullish movement and pull back into this zone. Bearish Case: If Ethereum break down the downline of this symetric triangle around $2,647 USD. We expect a bearish movement and pull back into this zone. keep udate!!!
COINBASE:ETHUSD
by harisonhbn9718
Symmetrical triangle pattern: definition & interpretationWhat is a Symmetrical Triangle? Triangle patterns are probably the most popular chart patterns studied by traders. There are three different types of triangles: The ascending triangle, the descending triangle, and the symmetrical triangle. Symmetrical triangles occur when price is consolidating in a way that generates two converging trend lines with similar slopes. It is called "horizontal" because it forms a holding pattern with around 90 bars in which the price moves sideways. The symmetrical triangle usually forms during a trend as a continuation pattern. They tend to break in the direction of the initial move before the triangle formed. But it can be a powerful reversal pattern, in the event of failure. As the market continues to trade in a sideways pattern, the range of trading narrows and the apex of the triangle is formed. The apex of the triangle is a place where supply and demand intersects. The more price approaches the apex, the bigger the chance of a breakout. The pattern will be completed after the breakout (in either direction) A breakout or failure of a triangle pattern, especially on large volume, can be a strong signal of a resumption, or reversal, of the previous trend. Interpretation of the Symmetrical Triangle Pattern Symmetrical triangles, are thought of as continuation patterns developed in markets that are, for the most part, aimless in direction. This Pattern reveals that the market is very unsure about what is going on. Investors do not know what position to take. The triangle pattern shows losing interest, both from the buy-side as well as the sell-side. During this period of indecision, the highs and the lows seem to come together at the apex of the triangle with virtually no significant volume. The supply and demand seem to be one and the same. A symmetrical triangle pattern is the result of the contraction of volatility in the market. In other words, volatility is constantly decreasing. In essence, the symmetrical triangle represents a period of consolidation where traders find a chance to take a breath before the price is forced to break out. Construction of the Pattern • Support Trendline In technical analysis, support is defined as the price floor where a downtrend can be expected to pause. A trendline that connects a series of lows over a period of time is defined as a support trendline. Think of the lower trendline, as the demand line, which represents support on the chart. At this point, the buyers outpace the sellers, and the price begins to rise. • Resistance Trendline A resistance trendline is a downtrend line that connects a series of highs together. • Triangle’s Height The height is the distance between the initial high and low of the triangle pattern. This parameter is commonly used as a breakout target for the symmetrical triangle pattern. • Apex of the Triangle The apex of a triangle is the intersection point of the support and resistance trendline. Pros & Cons of Trading Symmetrical Triangle Pattern • Pros ▹Symmetrical triangles can form in any time frame. ▹These patterns are a sign of an impending breakout. Once the pattern is completed, we will probably have an explosive price movement. ▹A symmetrical triangle is a reliable continuation pattern, so the direction of the breakout can be guessed, based on the prior trend direction. • Cons ▹False breaks are common with symmetrical triangle patterns and can lead to significant losses. ▹Compared to other chart patterns, triangles take longer to develop and become identifiable. The Bottom Line The triangle pattern is one of the most common and popular chart patterns in technical analysis. A better understanding of this pattern and the reasons why it appears on the chart can help us better understand market behavior and identify trading opportunities.
Education
by BobRivera990
2
1INCH-USDT - Breakout Sym.Triangle&DoubleTop | Target 4.20 1h tfHello Folks and Crypto Friends, after a long way up for BTC and Down for ALTS BTC Dominance is Falling Again... this will Boost Alts. Luck for 1Inch which is on the break of a Symatrical Triangle 1h TF. Which could also lead to break of the Double Top "W" PAttern. BUY: 3,02 - 3,12 Target: 4.20 TP1:3,20 TP2:3,50 TP3:3,86 TP4: 4,20 SL: 2,806 If you want to be more save, always wait for the Retest. So no financial Advice - Just my 4.20 Dollar :) DIOR Good Luck and have fun!
Long
by WE_Love_TA