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Symmetrical Triangle

ABTUSD Breaking upward from a bull pennantIt looks like it is validating the break upward, full emasured move target can lead to 180% gains from current price range. Of course always possible it corrects all the way back don to the top trendline of the pennant before reaching the full target. If so that’s simply an opportunity to enter at a zone with even bigger gains potential. It could just as easily keep pumping until it reaches the full target as well. If longer consolidation it could take 1 as many as 1-3 weeks to reach the full target also…and then of course a possibility with the least probability as it somehow does a 180 and doesnt reach the full target as all since anything’s possible…but as I said, that scenario is the one with the lowest probability at the moment. *not financial advice*
COINBASE:ABTUSD
by DrDovetail
2
⚠️Bitcoin Analysis (Mix of Patterns)⚠️👋Hi, everyone. First of all, I apologize for the chart being busy, but I think all the lines and zones are needed to better understand it. 🏃‍♂️Bitcoin is moving in two descending channels : a ⚫️Black Descending Channel⚫️ and a 🟣Purple Descending Channel🟣 . Also, it is currently moving in the 🔴 Resistance zone($66,050-$64,520) 🔴and near the Upper line of the descending channel and 50_SMA(Daily) and Time Reversal Zone(TRZ) . 📈If we want to look at the chart from the point of view of the Classical and Harmonic patterns , Bitcoin has succeeded in breaking the lower line of the Symmetrical Triangle Pattern , and it seems that a Bearish 5-0 Harmonic Pattern is forming near the upper line of the 🟣descending channel🟣. 💡Before concluding, let's take a look at the Market Cap USDT Dominance% (USDT.D%) chart. 💡 USDT.D% broke the 🔴 Resistance zone(4.72%-4.53%) 🔴 as I expected and is currently pulling back to this zone, the pullback structure seems to be forming with the Falling Wedge Pattern , I expect USDT.D% to rising again and this It will cause another decline in the cryptocurrency market .👇 🔔I expect Bitcoin to start falling again based on the above explanation. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
32
Partisia Blockchain starts to move in upward trendHello traders, I want share with you my opinion about Partisia Blockchain. Looking at the chart, we can see how the price some days ago declined to the resistance level, which coincided with the seller zone and soon broke this level. After this, MPC made the double bottom pattern, after which turned around and made a strong upward impulse higher than 0.3900 level, breaking it again. But later, the price turned around and declined to the seller zone, where MPC some time traded very close to the 0.3900 level and soon broke this level again. After this, the price entered to symmetrical triangle, where Partisia Blockchain at once made a downward impulse from the resistance line to the support line. Soon, the price turned around and rose from the support line higher 0.2620 support level, which coincided with the buyer zone. Later MPC declined to this zone, after which it at once rebounded up to the resistance line, but soon price rolled down to the support line of the triangle. A not long time ago MPC bounced from this line and now it trades close to the resistance line of the triangle, so, for this case, I think Partisia can exit from the triangle, and then make a retest. After this movement, MPC can continue to rise to the resistance level, and when the price reaches this level, Partisia Blockchain will break it, make a retest, or at once continue to move up. So, for this reason, I set three goals: 1-st TP at 0.3900 resistance level, 2-nd TP at 0.4920 points, and 3-rd TP at 0.6650 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
Keep An Eye - Symmetrical Triangle Breakout soon - APOLLOTYRE📊 Script: APOLLOTYRE 📊 Sector: Tyres 📊 Industry: Tyres Key highlights: 💡⚡ 📈 Script is trading near resistance of Symmetrical Triangle Keep an eye on stock it will give breakout soon. 📈 One can go for Swing Trade only above 515-520. BUY ONLY ABOVE 515-520 ⏱️ C.M.P 📑💰- 510 🟢 Target 🎯🏆 - 557 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:APOLLOTYRELong
by radha_23
BTC QUICK UPDATE!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates. Welcome to your BTC/USDT Quick Update! The chart on a lower timeframe shows a breakout from the symmetrical triangle, indicating a potential bearish trend. However, strong support sits at the $59,000-$60,000 level. We might see a bounce from there. If we break below this support, there's a high chance of visiting the $52,000-$53,000 level. What do you think about this? Share your views in the comment section. Thank You!
Short
by CoreCrypto1
Symmetrical Triangle Breakout - NETWEB📊 Script: NETWEB 📊 Sector: IT - Software 📊 Industry: Computers - Software - Medium / Small Key highlights: 💡⚡ 📈 Script is giving Symmetrical Triangle Breakout on 18th April but there was no rally todays candle is giving breakout of that little consolidation so we may see some good rally. 📈 Script is trading at upper band of BB. 📈 MACD & Double Moving Averages are giving crossover . 📈 Right now RSI is around 61. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1730 🟢 Target 🎯🏆 - 1890 ⚠️ Stoploss ☠️🚫 - 1664 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NETWEBLong
by radha_23
Gold (Xau/Usd) Symmetrical TriangleSymmetrical Triangle Pattern on Gold (XAU/USD) H1 Chart A symmetrical triangle pattern has been identified on the H1 chart for Gold (XAU/USD). Here's a breakdown of its characteristics: Description: This pattern is formed by two converging trendlines, one drawn above the highs and another below the lows, with price action oscillating between them and creating a triangular shape. The trendlines ideally have a similar slope, making the triangle symmetrical. Potential Interpretations: Continuation Pattern: Often, symmetrical triangles act as continuation patterns. If the price breaks above the resistance trendline (upper trendline), it suggests a potential continuation of the previous uptrend. Conversely, a break below the support trendline (lower trendline) might indicate a continuation of the downtrend. Reversal Pattern: In some cases, symmetrical triangles can precede reversals. A breakout above resistance could signal a bullish reversal, while a breakdown below support might indicate a bearish reversal. Additional Considerations: Volume: Ideally, there should be a decrease in volume as the triangle progresses, suggesting dwindling momentum before the breakout. Volatility: A breakout is often accompanied by a surge in volatility. Trading the Pattern: Breakout Confirmation: Wait for a confirmed breakout above resistance or below support before entering a trade in the direction of the breakout. Stop-Loss: Place a stop-loss order below the support trendline for long positions and above the resistance trendline for short positions. Profit Target: Potential profit targets can be based on the height of the triangle or technical indicators. Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
8
EURUSD → The fall may continue from the nearest resistance FX:EURUSD is forming a bearish trend amid a fundamentally strong dollar index, which is in a bullish rally phase, which is generally negative for the euro. Price broke a strong support line earlier on the global timeframe. Consolidation is formed below the line, which in general determines for us a medium-term perspective, the target of which may be 1.052, behind which there is a huge pool of liquidity. On H1 the price is forming a sideways flat and before a further fall there may be a retest of the resistance in order to capture liquidity. Resistance levels: 1.0700 Support levels: 1.0600 Technically, before further decline the price may test the resistance of the range on the background of stopping the growth of the dollar, but in general, there are no reasons for a change of trend and accordingly, with a high degree of probability, the decline may continue. Regards R. Linda!
Short
by RLinda
3
Adobe - Pretty clear trading setup!Hello Traders and Investors, in this video I will take a quick look at Adobe. -------- Explanation of my video analysis: Back in 2012 we saw a major symmerical triangle breakout on Adobe stock which was followed by an unbelievable rally of +2.000% towards the upside. Over the past 6 years, Adobe stock has once again formed a triangle formation and just rejected the upper resistance level. If Adobe stock retest the next horizontal support towards the downside, we could already see a bullish reversal there. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:ADBE
by basictradingtv
7
GBPUSD → Weak pound sterling will test new lows FX:GBPUSD is going to leave the sideways range with the negative fundamental background. On D1 the price is breaking the trend line, and at the same time the dollar is conquering new highs. The pair is declining amid the strengthening of the dollar index, which is connected with the news on inflation. The medium-term outlook is defined and thus gives us an indication of a possible decline. At the moment the key area is the zone of 1.2518. A breakout and consolidation of the price below this zone will be a confirmation of the bears' intention to go even lower. The pound is weak and may update the lows. Resistance levels: 1.25697 Support levels: 1.2518, 1.24489 Technically, amid the strong dollar, the pound is testing new lows and is preparing to go even lower. I do not think that the bulls at 1.2518 will hold the price for a long time. We are waiting for a breakout and further decline. Regards R. Linda!
Short
by RLinda
2
Sell EURAUD Triangle BreakoutThe EUR/AUD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a triangle pattern. Potential Short Trade : Entry: Below the broken support line of the triangle, ideally around 1.6570 after confirmation. Target Levels: 1.6477: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected downwards from the breakout point. 1.6420: This is a further extension of the downside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order above the broken support line of the triangle, ideally around 1.6610. This helps limit potential losses if the price fails to break out and reverses upwards. Thank you.
Short
by KABHI_TA_TRADING
4
Buy GBPCAD Triangle BreakoutThe GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the channel, ideally around 1.7170 after confirmation. Target Levels: 1.7244: This represents the height of the channel, measured from the apex (highest point) to the base (opposite trendline), projected upwards from the breakout point. 1.7272: This is a further extension of the upside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order below the broken resistance line of the channel, ideally around 1.7120. This helps limit potential losses if the price fails to break out and reverses downwards. Thank you.
Long
by KABHI_TA_TRADING
15
Bitcoin Can Go Down by 🚨Classical Patterns🚨🚨Bitcoin started to fall again after the news of a possible War between Iran and Israel and reacted well to the 🟢 Heavy Support zone($61,100-$58,690) 🟢. 🏃‍♂️Bitcoin is currently moving near the 🔴 Resistance zone($66,100-$64,500) 🔴. 📈It also seems that Bitcoin has managed to break the lower line of the Symmetrical triangle , and at the same time, it is forming an Eve & Adam Double Top . 🔔I expect Bitcoin to continue falling again , at least to the Pitchfork line . ❗️⚠️Note⚠️❗️: If Bitcoin can go above the 🔴 Resistance zone($66,100-$64,500) 🔴, we can expect an increase in Bitcoin. ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
BTC's Situation: What Shall we ExpectHi. BINANCE:BTCUSDT Chart is Speaking It Self!!! Simple analysis... It appears to be moving within a Ascending triangle on the shorter time frame. Currently, it is attempting a breakout. A breakout retest of the triangle would indicate bullish momentum. However, if there is a rejection and a breakdown of the triangle, a bearish move is also expected. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
1
Symmetrical Triangle on the monthly XRPUSD log chartAs usual, the logarithmic chart’s measured move target is much higher than the linear charts measured move target for the symmetrical triangle. We can see here that it is getting very close to the apex of the triangle on the monthly chart and should likely see some sort of a breakout by the end of June if not sooner. Target on logarithmic chart is around $11.47 for just the triangle alone, but that could take price action a longer amount of time to reach the full target of than it will take the linear chart’s symmetrical triangle to reach its full breakout target(which is much lower than $11.47). Wanted to post an idea of this log version of the symmetrical triangle to keep track of how it lays out more easily. *not financial advice*
CRYPTO:XRPUSD
by DrDovetail
➡️BNB's situation+next targets and expected movements.Hi. BINANCE:BNBUSDT Today, I want to analyze BNB for you in a 9H time frame so that we can have a SHORT-term view of BNB regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). BNB is testing the top of symmetrical triangle on 9H timeframe Up We Go if we manage to break upwards🐃 ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 AB=CD 🟢symmetrical Triangle Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
1
GOLD → Fierce bulls continue to hold the price on the newsFX:XAUUSD is still holding very strong even amid strong news. The range of 2365 - 2328 is being formed. Buyers and sellers are fighting for the lower level. Today the market is waiting for PMI and Initial Jobless Claims. Yesterday we got a high CPI of 0.4% instead of 0.3% and an inflation rate of 3.5%, which is a generally unsatisfactory scenario for the market and against this background the dollar is strengthening strongly. Gold shook a bit, but the bulls continue to hold the price above 2328. It is not known how long they will last, as the next batch of important news is ahead. Gold may test the support as part of the correction, but on the background of high interest in gold as a hedge asset amid geopolitical and economic problems, theoretically, gold may continue its growth. Resistance levels: 2345, 2365, 2375 Support levels: 2328, 2303 At the moment the price is in a range. A breakdown of support may weaken the price a bit to 2300, but a breakdown of resistance may push the price up. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16
OXTUSDT's Situation: What Shall we Expect!Hi. COINEX:OXTUSDT Chart is Speaking It Self!!! Simple analysis... It appears to be moving within a Ascending triangle on the shorter time frame. Currently, it is attempting a breakout. A breakout retest of the triangle would indicate bullish momentum. However, if there is a rejection and a breakdown of the triangle, a bearish move is also expected. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
AUDUSD → Test resistance for an upward breakout FX:AUDUSD forms a retest of the descending channel resistance, but there is no fall. Against the background of the dollar correction, the currency pair may move into the realization phase after the channel breakout. Moving averages, trend resistance and pre-breakout consolidation, with strong support zones, to which a large buyer does not let the price go. An interesting setup in the current conditions may form an attempt to change the trend. The key area is 0.6585. Consolidation of the price above this boundary may allow to overcome the obstacle and finally let the price strengthen to 0.66676, or to 0.67287. Resistance levels: 0.6585, 0.6620 Support levels: 0.6551, 0.6504 Technically, there is a strong accumulation and prerequisites for a breakout. The resistance breakout will confirm the activation of the realization phase, which will give us a good bullish momentum. Regards R. Linda!
Long
by RLinda
3