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Symmetrical Triangle

[Short Term] Symmetrical Triangle Reversal in SYRMAThis chart of SYRMA on the 1-day timeframe shows a Symmetrical Triangle Pattern formation, a pattern typically indicating potential price consolidation before a breakout. Resistance Line (Red Zone): The price has repeatedly been rejected around this downward sloping resistance, as highlighted by the red arrows. The price consistently meets selling pressure at these levels, pushing it back down. Support Line (Green Zone): The price finds support at this upward-sloping line, bouncing back every time it reaches this level, as marked by green arrows. This support forms the lower boundary of the triangle. Pattern Height: The vertical distance between the resistance and support lines is labeled as the Pattern Height. This height is used to project the breakout target by adding it to the breakout point. Breakout Targets: Breakout Initial Target ~ 500+: After breaking above the resistance line, the first target lies around this level. Target 2 ~ 550+: The next price target, following continued bullish momentum. Final Breakout Target ~ 600: The price target, based on the full height of the triangle added to the breakout point. Reversal Target (450+): Before the breakout, the price could reverse and approach this target (~450), where you can decide to either hold or exit positions based on further price action. Entry & Stop Loss: Entry Point: A long position can be considered above the 417 level, as marked in the chart. Stop Loss: The recommended stop loss is set below the 395 level to protect against potential downside risk. This technical analysis indicates a possible bullish breakout if the price can sustain above the resistance level. The Symmetrical Triangle Pattern suggests a neutral consolidation, but a breakout could lead to a strong upward rally towards the mentioned targets. Disclaimer: This analysis is for educational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
NSE:SYRMALong
by TradZoo
Gold Analysis==>>Symmetrical TriangleGold seems to have succeeded in breaking the Uptrend line and has also formed a Symmetrical Triangle pattern . According to the Elliott wave theory , Gold has succeeded in completing the main 5th wave . I expect Gold to at least fall to the Support zone($2,600-$2,580) after breaking the lower line of the symmetrical triangle . ⚠️Note: Tensions in the Middle East can directly affect the trend of Gold, so pay more attention to capital management.⚠️ Gold Analyze ( XAUUSD ), 1-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.
OANDA:XAUUSDShort
by pejman_zwin
9
MYRO Breakout Alert – Huge Potential Ahead!Hey everyone! If you're enjoying this analysis, please give it a thumbs up and follow! MYRO is looking incredibly promising right now! It’s breaking out of a symmetrical triangle on the daily time frame, signaling a major bullish move. This could be the perfect time to accumulate in spot and hold for huge profits! 💰 Entry range: $0.08 - $0.09 Short-Term Targets: $0.12 / $0.17 / $0.22 Long-Term Potential: 7x - 8x 🚀 Stop Loss (SL): $0.043 But let’s talk fundamentals too! MYRO isn’t just about the technicals—it’s a project focused on revolutionizing decentralized finance (DeFi) by offering advanced liquidity solutions and staking opportunities. With a robust roadmap, growing partnerships, and strong community support, MYRO is set to disrupt the DeFi space. As it gains adoption and expands its use cases, the token could experience explosive growth. What do you think of MYRO's current price action? Are you seeing the same bullish setup? Share your thoughts and analysis in the comments below!
Long
by CoreCrypto1
GOLD → Ahead of NonFarm Payrolls. What to expect from gold?FX:XAUUSD is in consolidation with gradually narrowing local extrema. NonFarm Payrolls are ahead and traders are getting nervous about further movement. Up for renewal of highs or a long-awaited correction? Before NFP, traders resorted to adjusting positions, taking profits on the US dollar rally (reasons: strong employment and PMI data from ISM). The encouraging data weakened bets on an aggressive interest rate cut by the Fed. However, the decline in gold prices remains subdued due to heightened geopolitical tensions in the Middle East. The future direction of the gold price will be determined by the upcoming US employment data. Gold could move into a correction if NFP shows an upside surprise, which would impact the USD rally and strengthen bets for a 0.25% Fed rate cut in November. Conversely... Resistance levels: 2665, 2673, 2685 Support levels: 2653, SMA 200 & 50, 2640 The SMAs are narrowing, which could also be a hint of a possible correction (if there is a crossover). Technically gold is ready for a correction, but fundamentally, unpredictable news may affect further growth. Analysts are inclined to the beginning of correction on the background of strong economic data of the first half of the week Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
The weekly linear symmetrical triangle truncatedI wanted to post thesame triangle I posted in the previous idea,but instead of starting the top trendline from the ath in 2018 starting it from the second highest wick.I think both are valid but wanted to give this one its own separate chart since in doing so it makes both the top trendline of the triangle and the bottom have a more similar length and also gives me a easy red ,ove line that is tilted forward which could be useful should the dotted measured ove line start to act as additional support or resistance along the way to the target. Once again as I said in the previous idea, no breakout has been confirmed of this in ear triangle pattern just yet, but the current weekly candle is holding wick support exactly on the top trendline currently which is an optimistic sign. Still completely possible it loses that support but for now it seems post worthy so I can keep a close eye on it. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
2
XRPUSD Weekly triangle currently retesting as exact wick supportEven though we are still inside the triangles on the logarithmic chart, we have now been above this key linear chart symmetrical weekly triangle now for 2 consecutive weekly candle closes, and sure enough the big dump that coincided with the SEC’s appeal found wick support right on the top trendline of this triangle retesting it currently as support. It’s certainly plausible that price could continue to fall back inside the linear chart symmetrical triangle here, however closing the currentl weekly candle above ot’s top trendline here and maintaining it as precise wick support would be such a bullish sign were it. To happen that then I would start wondering if the entire appeal thing might actually not go through because maintaining this as support should validate the breakout and send price action on its way up to find that $3.73 cent measured move target. Of curse still very probably we could dip back inside this triangle one more time as well, either way I thought it’d be a good idea to repost this triangle and also include a screenshot of the current wick support zoomed in. *not financial advice8
BITSTAMP:XRPUSD
by DrDovetail
XRPUSD Weekly triangle currently retesting as exact wick supportEven though we are still inside the triangles on the logarithmic chart, we have now been above this key linear chart symmetrical weekly triangle now for 2 consecutive weekly candle closes, and sure enough the big dump that coincided with the SEC’s appeal found wick support right on the top trendline of this triangle retesting it currently as support. It’s certainly plausible that price could continue to fall back inside the linear chart symmetrical triangle here, however closing the currentl weekly candle above ot’s top trendline here and maintaining it as precise wick support would be such a bullish sign were it. To happen that then I would start wondering if the entire appeal thing might actually not go through because maintaining this as support should validate the breakout and send price action on its way up to find that $3.73 cent measured move target. Of curse still very probably we could dip back inside this triangle one more time as well, either way I thought it’d be a good idea to repost this triangle and also include a screenshot of the current wick support zoomed in. *not financial advice8
BITSTAMP:XRPUSD
by DrDovetail
GOLD → Price breaks support. Panic and news...FX:XAUUSD stands still, traders doubt further actions. There are two days of important news ahead, which can provoke panic and profit-taking.... The market reacts weakly to the rather serious actions in the Middle East, the price is in consolidation without updating local extremes. The dollar is strengthening amid decreasing risks of a 0.5% cut in interest rates in November (the most likely scenario is 0.25%). A strong ADP employment report eased concerns about the state of the US labor market, supporting expectations of Friday's NFP. Ahead of the PMI from ISM and Initial Jobless Claims. Technically, the chart failed to give impetus from support, with the SMA acting as support. After a failed attempt, price came back and broke the conglomerate of support: the rising line, sma and 2650-2654. Can you feel traders getting nervous?) Resistance levels: 2650, SMA, 2656, 2663 Support levels: 2640, 2623, 2613, 2600 The trigger is 2640. If the buyers do not hold this area, the price may spill to the bottom of the range, as well as reach the imbalance zone. But, there may be high volatility before the news, within which the price may test the resistance before further downward correction. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
20
Gold Price Analysis: Symmetrical Triangle Formation Signals $$##📈 Gold Price Analysis: Symmetrical Triangle Formation Signals Potential Breakout Gold trades within a symmetrical triangle formation on the H1 timeframe, and traders are closely monitoring for a potential breakout. This technical pattern, known for its converging trendlines, often signals an impending price breakout, either upward or downward. Here's what to watch for: 🔺 What is a Symmetrical Triangle? A symmetrical triangle is a continuation pattern in which the price forms lower highs and higher lows , creating two converging trendlines 📊. The market's indecision builds tension, often leading to a significant breakout in either direction as the price consolidates. 🚀 Key Breakout Levels for Gold As gold continues to move within this symmetrical triangle, there are two potential breakout scenarios: 📈 Upside Breakout Target – $2,693: If gold breaks out above the upper trendline of the symmetrical triangle, we can expect bullish momentum to push the price toward the $2,693 level. This would indicate a continuation of the upward trend, attracting buyers and potentially setting the stage for further gains. 📉 Downside Breakout Target – $2,614: On the other hand, a break below the lower trendline would signal a bearish move, with the next potential target around $2,614 . This downside breakout would indicate a reversal or pause in the recent bullish trend, likely driving selling pressure. 🔍 Factors to Watch Several factors may influence gold’s price action and the potential breakout direction: 🌍 Geopolitical tensions and market uncertainty drive safe-haven gold demand, potentially pushing prices higher. 💵 US Dollar strength: A stronger dollar could weigh on gold, increasing the likelihood of a downside breakout. 📉 Interest rates and inflation expectations also play a role, as rising rates could limit gold’s appeal as a non-yielding asset. 🛠 Trading Strategy Traders should consider waiting for a clear breakout above or below the symmetrical triangle before entering a position. A decisive move beyond these key levels— $2,693 for an upside breakout or $2,614 for a downside breakout—could offer strong trading opportunities with defined risk levels. 💡 Conclusion The symmetrical triangle formation on the H1 timeframe indicates that gold is on the verge of a significant move. Monitoring key breakout levels, market sentiment, and external factors like the dollar and interest rates will be crucial in navigating this potential opportunity. Whether gold breaks out to the upside or downside, traders should be prepared for a substantial price move towards $2,693 or $2,614. 🔔 Stay updated with the latest prices and market developments to capitalize on this technical pattern.
OANDA:XAUUSD
by amzadlak
BANANA/USDT: READY FOR A 80-90% UPSIDE MOVE!!Hey everyone! If you're enjoying this analysis, a thumbs up and a follow would be greatly appreciated! BANANA looks good here. It breaks out from the symmetrical triangle and also did a successful retest. Long some now and add more in the dip. Entry range:- $42-$46 Targets:- $53/$60/$68/$81 SL:- $39.5 Lev:- 2x-4x What are your thoughts on BANANA's current price action? Do you see a bullish pattern developing? Share your analysis in the comments below!
Long
by CoreCrypto1
3
BIGTIME/USDT: LONG SCALP SETUP! Low Risk, High Reward Setup!!Hey everyone! If you're enjoying this analysis, a thumbs up and a follow would be greatly appreciated! BIGTIME looks promising right now. It’s forming a symmetrical triangle on the 4-hour time frame and is currently hovering near the lower trend line of the triangle. Additionally, there’s support at the 100 MA, which strengthens the bullish outlook. Consider going long here and adding more on any dips. Entry: Current Market Price (CMP) and add more up to $0.129 Targets: $0.149 $0.168 $0.185 $0.204 Stop Loss (SL): $0.122 Leverage: 5x Risk/Reward Ratio: 1:6 What are your thoughts on BIGTIME's current price action? Do you see a bullish pattern developing? Share your analysis in the comments below!
Long
by CoreCrypto1
2
RUNE Analysis - What Shall we Expect !!!BINANCE:RUNEUSDT RUNE continues to consolidate within a bullish symmetrical triangle pattern. The ongoing consolidation maintains a bullish outlook for RUNE in the near term👀 ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
CRYPTO:RUNEUSDLong
by CobraVanguard
PEPE Analysis - What Shall we Expect !!!BINANCE:PEPEUSDT PEPE continues to consolidate within a bullish symmetrical triangle pattern. The ongoing consolidation maintains a bullish outlook for CRYPTOCAP:PEPE in the near term👀 ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
7
XRP/USDT: A SLEEPING GIANT! 5-6X PROFIT POTENTIAL!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! XRP looks very promising right now, breaking out from a weekly symmetrical triangle. Historically, similar breakouts have yielded returns of 6-7x, and I’m anticipating a similar outcome this time. After being contained within this triangle for the last four years, this breakout could signal a significant upward movement. I recommend accumulating during dips. Entry Range: $0.56 - $0.66 Short Term Target: $1.50 / $2.80 Mid Term Target: 4x - 5x Long Term Target: 8x - 10x Stop Loss: Weekly close below $0.50 What are your thoughts on XRP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
SWING IDEA - CEAT LTDCEAT Ltd , a major player in the tire industry, is currently showing technical signals that suggest a potential swing trade opportunity. Reasons are listed below: Break of Symmetrical Triangle Pattern : The stock has broken out of a symmetrical triangle pattern, indicating a potential shift in momentum and the beginning of a new bullish trend. Bullish Engulfing Pattern on Daily Timeframe : A bullish engulfing pattern has formed on the daily chart, signaling strong buying pressure and a possible continuation of the upward movement. Support of 50 EMA on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the overall bullish sentiment and providing a strong support level for the current trend. Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the breakout, indicating strong investor interest and participation in the move. Constant Higher Highs : The stock has been consistently making higher highs, a classic sign of a strong uptrend, suggesting continued momentum in the upward direction. Target - 3000 // 3170 Stoploss - Daily close below 2575 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CEATLTDLong
by Visionary_Growth_Insights
Symmetrical Triangle Formation in CAMS – Awaiting BreakoutOverview: CAMS is currently forming a symmetrical triangle on the daily chart, a classic continuation pattern. This pattern typically indicates a period of consolidation before the next significant move, and given the stock’s strong previous uptrend, there is a potential for an upward breakout. However, the symmetrical triangle is neutral until confirmed, so both bullish and bearish breakouts are possible. Pattern Breakdown: The triangle is defined by point A (around 4900 INR), where the stock reached a high, and point B (around 3850 INR), marking the recent low. The price has been forming lower highs C (around 4600 INR) and higher lows D (around 4200 INR) as it tightens into the apex. This contraction in price is a sign that the market is undecided, but once it breaks out of the triangle, a directional move is expected. Key Observations: RSI Oscillator: The RSI, set to a period of 14, is hovering around the neutral zone (~50). This shows that the stock isn’t currently overbought or oversold. A move above 70 or below 30 could signal a strong trend in the direction of the breakout. Volume Decline: As the triangle develops, volume has been tapering off, a typical characteristic of consolidation. A significant volume spike will be key in confirming the breakout direction. Breakout Levels: Upside Breakout: A break above point C (around 4,600 INR) could trigger a bullish continuation, given the previous uptrend. Traders should wait for confirmation via price action and volume. Downside Breakout: A breakdown below point D (around 4,200 INR) could signal a bearish reversal, especially if accompanied by increased volume. Final Thoughts: Symmetrical triangles can break in either direction, so it's crucial to wait for confirmation. Given the prior bullish trend in CAMS, there's a greater probability for an upward breakout, but the possibility of a downside move can’t be ruled out. Patience is key—monitor the volume and price action carefully for a strong breakout signal. Disclaimer : This is for educational purpose only. I am not SEBI registered advisor. Take advice from financial advisor before investing.
NSE:CAMS
by jeet20