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Symmetrical Triangle

UPL IS SOON TO CRASH DUE TO THIS PATTERN...TECHNICAL INDICATORS - SYMMETRICAL TRIANGLE BREAKDOWN - UPL had formed a very strong symmetrical triangle (with almost 8 CONTACT POINTS) recently and broke it down recently indicating a strong downmove to come in near future REVERSAL FROM 50D & 100D SMA - On daily timeframe, it had recently reversed from these two sma simultaneously again indicating downside pressure REVERSAL FROM STRONG SUPPORT-RESISTANCE LEVEL - It had also tested and reversed from an old and time tested level which earlier had acted as support and now working as resistance level PROFIT TARGET - Its profit target is 544.95 FUNDAMENTAL INDICATORS - LOWER SALES & PROFIT MARGIN COMPARED TO PEERS - On the last quarter (jan-mar), UPL had delivered a lacklustre sales and profit margin comapred to its peers Tata Chemicals, Vishnu Chemicals, Tanfac. All its peers delivered positive growth whereas it has posted profit growth in negative (-4.06%). It is also creating downside pressure on the stock
NSE:UPLShort
by peace_lover
World Wars & US Inflation From 1914This is the US Inflation Rate (YoY) from 1914 until 2022. Symbol is called USIRYY and it measures the Inflation Volatility in the United States. With the War going on in Ukraine, and Russia trying to force its way through, I took the liberty of looking into the following: - How Global Wars Affect Inflation - How US Inflation Reacts to External Wars - How Wars Affect the Financial Markets You can see the time-lines, it's all laid-out in the chart (graph). I took all the Major World Wars and events that significantly affected, not only the US Inflation, but Inflation itself. First of all, the US Inflation Rate (USIRYY) tells me the following: * When the US was involved in a War, we can notice that the US Inflation spiked. * Most of the times when US was not involved in an External War, then Inflation dropped. That's because of War & Uncertainty Sentiment around this "terrific" word. War does not bring anything good, in fact, in only brings bad times. People die and global sentiment gets super-negative. This of course, leads to... you guessed it: Market Crash. Why? Because after or during times of War, there are Recessions and Depressions. Supply Chains are disrupted and the Global Economy falls on its face. What about looking at things from a Technical Analysis perspective? * Symmetrical Triangle: and the only way is UP! I will give you points which I believe are worth keeping in mind for the next Market Crash. First of all, let's be logical about this. Winter is coming and it's only gonna get worse before it gets better. As Inflation spiked to a 40y high, the higher powers intervened, in an attempt to cool the Inflation spike off. I'm talking here about the Federal Reserve (FED) ramping up the Interest Rates. This is the Effective Federal Funds Rate (FEDFUNDS). Can you see the break-out? They want to calm down Inflation, but they can't. Why? Because this is no ordinary Inflationary period, it's a long-lasting thing. One of those hyperinflation, deflation, stagflation, or whatever the heck these experts call it... :) The Volatility Index (VIX) tells me that another spike in Fear Sentiment is inevitable. I'm in love with Elliott Wave Analysis, so I labeled this next chart. This is the United States Consumer Confidence Index (USCCI) and it measures exactly what its name says, LOL. When it drops, people are freaking out. When it rises, people are optimistic and the Markets are going up. Daaaa! With all that said, what's the bottom line here? I believe that periods of terror are gonna hit us all. Are we having World War 3? Who the heck knows? All I know is that there are more pieces to this puzzle: United States 10Y Bonds (USB10YUSD) have reached the Support, and a spike bigger than the Covid Pandemic has started: The 10Y Treasury Note Yield (TNX) have broken out of a 40y down-trend: Isn't it ironic how it synced with the Inflation 40y high? Damn! Germany 40 (DAX, GER30, GRXEUR) is doomed. Fractal sequence, Descending Channel, and a "beautiful" ABC Elliott Wave Pattern. So, how can you prosper from all this? Metals could be a good hedge. Gold (XAUUSD) just broke out of an important Bearish Structure. Maybe it will go up. Natural Gas (NG1!) & Crude Oil (USOIL) however, are showing Bearish Reversals. Bitcoin (BTCUSD) is Bearish until further notice as well. But this may become the new currency moving forward. In times of terror, the banking systems might need to change. Cash and Card is so '00. WHAT'S YOUR TAKE? WAR OR PEACE? Leave your commend down below. Cheers! Richard
ECONOMICS:USIRYYEducation
by Lionheart-EWA
5
Triangle Accumulations: The Key to Bitcoin's BullRun?📈 Hey Crypto Enthusiasts, As we explore the fascinating history of the crypto market, we can't help but notice the recurring patterns that have paved the way for significant bull runs. In 2012, 2013, 2016, and 2019, we observed massive triangle accumulations just before explosive price surges. The question on everyone's mind is whether we'll see a similar pattern before the next bull run. 📊🚀 A History of Accumulation: In the years mentioned, the crypto market exhibited intriguing behavior. Price action formed substantial triangle accumulation patterns. These consolidations often hinted at a market preparing for a major upward move. 📈🌕 Patterns of the Past: The symmetry and persistence of these triangular formations, each preceding a significant bull run, have caught the attention of seasoned traders and crypto enthusiasts. 🧐 Will History Repeat Itself? While history doesn't always replicate, these patterns serve as compelling indicators for what might lie ahead. The crypto market remains unpredictable, but past patterns can offer valuable insights. 🌐🔍 Trading Strategy: Pattern Recognition: Keep an eye out for similar accumulation patterns in the crypto market. While not foolproof, they can provide hints about future price movements. Fundamental Analysis: Stay informed about developments, adoption, and news in the crypto space, as these can influence market sentiment. Patience and Caution: Be patient and cautious with your trading decisions. Utilize risk management techniques like stop-loss orders to protect your investments. Conclusion: The crypto market is an ever-evolving landscape, and historical patterns can serve as guides but not guarantees. While the past indicates the potential for triangle accumulations before significant bull runs, it's essential to approach the market with a balanced perspective and a well-informed strategy. The next bull run may or may not follow the same script, but being prepared and vigilant is your best strategy in the world of cryptocurrencies. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
GOLD → Consolidation phase and key boundary OANDA:XAUUSD continues to form consolidation in the range between 1928.8 - 1914.2. In the near future resistance may be tested, the price reaction to this level will determine the future direction of the price Since the price is in the key range of 1928 - 1914, there is a probability of price bounce from the resistance. Further growth may continue after the price goes beyond 1928 - the signal for this will be further consolidation of the price above the level. In periods of geopolitical uncertainty investors rush to safe assets. Gold is a rare bright spot in such turbulent periods.Geopolitical fluctuations are a good reason for investors to look for a safe haven in gold. Despite zero yields, the yellow metal is a preferred asset for money managers who want to wait out scary periods in world affairs. The moving averages are supporting the trend and on the Daily timeframe, price is testing global downside resistance, breaking through which price will get the 2000 mark as a further target Support levels: 1914.2, 1909 Resistance levels: 1928.8 In the long term I expect a retest of the resistance. If the price breaks through and consolidates above the level, gold will head higher. With the formation of a false breakout and price consolidation below the level, the market will give us a correction to support COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY CAPITALCOM:US500 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
26
SFPUSDT → Pre-break consolidation could send the price upward BINANCE:SFPUSDT after months of forming a sideways range on the background of the global honey trend finally forms a pre-breakdown consolidation against resistance, which may initiate a trend change We are interested in the global pattern "symmetrical triangle" - in fact, it is a range within which the price is gaining liquidity. Above the range, after the first breakout of resistance, the second level - 0.6420 is formed and relative to this level an ascending triangle is formed, which can be interpreted as an attack of dynamic buyers on the limit resistance area. On the background of possible BINANCE:BTCUSD strengthening, SFP can get a good bullish potential when the resistance of the ascending triangle is broken. The moving averages act as trend support. Resistance levels: 0.6420 Support levels: previously broken range resistance In the long term, I expect a breakout of 0.6420 followed by price consolidation above the level, which will form a bullish potential. Regards R. Linda!
Long
by RLinda
8
💱USDCAD - symmetrical triangle on a bullish trend USDCAD is in consolidation. A symmetrical triangle with a correction phase to the support area is being formed. The trend is upward, the currency pair follows the dollar index TA on the high timeframe: 1) The dollar index is going to rise, and so is the USDCAD currency pair. 2) A rebound from the support area with further breakout of the triangle resistance is possible. TA on the low timeframe: 1) the price is heading towards the triangle support. This is acceptable as long as the dollar indes stands still 2) A bullish bounce may follow from the support on the backdrop of the uptrend 3) I will wait for a breakout of the pattern resistance to open a trade Key resistance📈: 1.36559 Key support📉: 1.36190
Long
by AndeWave
14
The Triangles. With Real-Life Examples.Today, let's back to fairly good known triangle shapes: Symmetrical, Ascending, Descending and Broadening Triangles. Triangle chart patterns provide valuable insights into market dynamics, representing a battle between buyers and sellers within a narrowing price range. These patterns are often categorized as continuation or neutral patterns indicating that the price is likely to continue its existing trend after the pattern completes. 1. Symmetrical Triangle: A symmetrical triangle occurs when the slope of the price's highs and lows converge, forming a triangular shape. This pattern signifies a period of consolidation, with lower highs and higher lows indicating a balance between buyers and sellers. As the slopes converge, a breakout becomes imminent, although the direction of the breakout is uncertain. To take advantage of a symmetrical triangle, we can place entry orders above the slope of the lower highs and below the slope of the higher lows, prepared to ride the price in the direction of the breakout. 2. Descending Triangle: In contrast to the ascending triangle, a descending triangle consists of lower highs forming the upper line, with a strong support level acting as the lower line. Sellers gain ground against buyers, and in most cases, the support line eventually breaks, leading to a continued downward move. To trade a descending triangle, we can set entry orders above the upper line (lower highs) and below the support line, prepared for a potential breakout. However, it's important to note that in some instances, the support line may hold, resulting in a strong upward move. 3. Ascending Triangle: An ascending triangle features a resistance level and a slope of higher lows. Buyers gradually push the price up, testing the resistance level. This pattern often signals a breakout to the upside, as buyers gain strength and attempt to break through the resistance. To trade an ascending triangle, we can set entry orders above the resistance line and below the slope of the higher lows, ready for a potential upward breakout. However, it's important to remain open to movement in either direction, as sometimes the resistance level may prove too strong. 4. Broadening Triangle: Now, let's dive into the intriguing Broadening Triangle, also known as a Megaphone Pattern. This pattern stands out due to its expanding price range, creating a unique visual pattern on the chart. The Megaphone Pattern consists of a series of higher highs and lower lows, causing the price range to widen over time. This pattern reflects increasing volatility and uncertainty in the market, with both buyers and sellers actively participating. To approach Triangle patterns effectively: 1️⃣ Pay attention to the pattern's boundaries: Identify the upper trendline connecting the highs and the lower trendline connecting the lows. These trendlines define the range of price movement within the pattern. 2️⃣ Watch for breakouts and reversals: Triangles often precedes significant price movements. We can look for breakouts above the upper trendline or breakdowns below the lower trendline as potential trading opportunities. 3️⃣ Confirm with additional indicators: Combine your analysis with other technical indicators or tools to validate your trading decisions. Consider using indicators like moving averages, oscillators, or volume analysis to confirm the pattern's potential direction. Remember, trading the Triangles requires careful analysis and risk management. It's important to consider the overall market context, fundamental factors, and other technical signals to make informed trading decisions. Wishing you successful trading journeys guided by these fascinating patterns! 🚀📈✨
Education
by Vestinda
EURCAD → A symmetrical triangle can be broken through FX:EURCAD is in consolidation of the "symmetrical triangle" format. When one or another line (resistance or support) is broken, an impulse may be formed This pattern, indicated on the chart, does not have a clear further direction, as it is a consolidation and the price breakout of one of the borders of the figure will determine for us the further direction in the short term. Earlier the resistance of the descending channel was broken, most likely, the imbalance, which the market maker seeks to eliminate, is above the zone 1.4663, but before further growth the market should form a consolidation. Support at 1.4369 or 1.424 may be tested before rising. If the price breaks the resistance at 1.446 soon, further movement will become obvious. Moving averages are pointing to a near-term burst of activity. Support levels: 1.4369 Resistance levels: 1.446 In the long term, I expect growth. But, before the growth there may be a local fall and support retest. A breakthrough of 1.446 will be a buy signal. A breakout of 1.4369 will be a sell signal. Regards R. Linda!
Long
by RLinda
10
Symmetrical Triangle on EUR/GBP @ D1EUR/GBP has entered a symmetrical triangle pattern on its daily chart. It can be used for a trend continuation breakout setup. My potential entry is marked by the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper border. I will set my stop-loss to the triangle's lower angle (0.86141). I will ignore bearish breakouts from this formation.
Long
by AndriyMoraru
💱GBPUSD - The market is preparing for a resistance breakout GBPUSD is forming a breakout of local resistance and a retest of the key resistance. A technical pullback may be formed, but the market is ready for growth. We expect a breakout of 1.2269 and growth to the far frontier TA on the high timeframe: 1) On D1, the market is overcoming the resistance at 1.22246, thus breaking through the base of the reversal set-up and forming pattern realization. 2) On H4 another resistance retest is formed a few days later. High chance of a breakout TA on the low timeframe: 1) A triangular consolidation is formed within the local ascending channel 2) Price breaks the consolidation resistance 3) The level may be broken on retest of the key resistance. There will be a potential for growth Key resistance📈: 1.2269 Key support📉: 1.2215
Long
by AndeWave
11
XRP Soars as Court Rejects SEC Appeal The Legal Victory: Ripple's Milestone The court's decision to reject the SEC's appeal is a significant milestone in Ripple's legal battle. It affirms that XRP is not a security and can continue to operate without the regulatory cloud that has hung over it. A Bullish Signal: Market Response XRP's price has responded with a bullish surge following the court's announcement. This development underscores the market's confidence in Ripple's long-term prospects. The Technical Setup: Bullish Triangle Formation Coincidentally, this legal victory aligns with the formation of a bullish triangle pattern on XRP's chart. A breakout from this pattern could signify a strong upward move. Trading Strategy: Navigating XRP's Potential Traders are closely monitoring XRP for a potential breakout. Long-term holders see this legal victory as a positive signal for XRP's future. Conclusion: XRP's Bright Future Ripple's legal victory against the SEC has provided much-needed clarity and relief for XRP investors. The market's enthusiastic response and the technical setup of a bullish triangle make this an exciting time for XRP. As the cryptocurrency landscape evolves, staying informed and adapting to new developments remains essential. XRP's recent success story highlights the resilience and potential within the crypto market. 🌐📈🚀 ❗See related ideas below❗ Like, share, and leave your thoughts in the comments. 💚🚀💚
Long
by Yaroslav_Krasko
GOLD → There's no place to shop. Bear Market ↘︎OANDA:XAUUSD shocked a lot of people in the last week, but we were ready for it and I have been setting medium term targets like 1875, 1850 and even 1800 for quite some time. On Friday the market closes below 1850 and within the candlestick analysis there are preconditions for further fall. In the coming week there will be important news that will help to determine the medium-term outlook. Pay attention to such data as. -ISM Manufacturin, FED Chair Powell Speaks - NonFarm E.C., SP Global Services, Non-Manufacturing -Initial Jobless Claims -NonFarm, Unemployment Rate Fundamental factors are a significant part of the leverage that drives the market. The TVC:DXY is currently under the influence of a positive fundamental background, which is quite negative for gold From the point of view of technical analysis we see a strong distributive movement. The probable target of this movement may be the following zones: 1827, 1809, 1773, the targets are shown on the chart above. These are important liquidity zones in the medium term. At the moment gold is in an empty range (no volume density zones). The price can reach the lower boundary of the main flat - 1809 - quite quickly. But, on Monday, from the opening session the price may form a small pullback to form consolidation. The correction may be directed to 1860, or even to 1875, but there are no signals to start a strong growth now. We expect a fall to 1800 OANDA:XAUUSD OANDA:XAGUSD COMEX:GC1! COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
31