It's just startingPrice is poking the upper vertex of the triangle. I think is going to break out soon. I have a long position, If it pulls back I'd buy more.
Symmetrical Triangle
where to next?Being looking at CTSI for a while and this looks like a symmetrical triangle, which means it could go either way
However looks like RSI supports the move upwards
so I am gonna wait for a break out then place the trade
of course keep in mind after a break out there might be bull traps.
if we going long then 0.25 is the first place
if it doesn't break upwards and we go back down and it breaks downward then we are looking at 0.11
I will update with what my trade will look like soon
Bitcoin is heading to 33k! (REACT FAST)
We need to react to the recent price action of Bitcoin and switch from a bearish to a bullish perception, as Bitcoin is refusing to drop further and instead is building a very strong bullish base. A breakout above the bullish base is going to lead to a massive pump to 33k!
I was bearish from 30k to 27k, but now I am bullish, and I am already long on several altcoins. I may add a long position on Bitcoin on the breakout of the base or on a pullback at ~26900.
As traders, we need to react to price developments and alter our bias to successfully trade! Probably only a few understand this; if you do, congratulations.
This should be the last pump because I am still expecting a significant crash to 21k to fill the unfilled CME gap. We are going to fill the gap soon or later, and this will be your opportunity to buy cheap Bitcoin!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
If you shorted Bitcoin at around 30k, as I told you in the previous analysis, now's the time to take profit and potentially open a long position if you stick with Bitcoin.
So why is Bitcoin going to hit 32k or 33k? It's the FIB extension (classic + LOG) measured from 15476 -> 31000 -> 25811. This gives us targets 31741 and 33656, and I think these targets are very reasonable because I am not expecting any extended fifth wave on the major scale.
From the Elliott Wave perspective, Bitcoin has finished the ABC correction successfully. Wave B was a symmetrical triangle, and we need to be aware of triangles as they occur mainly in waves B and 4. Rarely, triangles also occur in wave 2 of impulse waves.
Overall, buying Bitcoin at the current price for the long term is not worth it because, on the major scale, we are in wave 1 (if you are bullish) and wave 2 is going to send Bitcoin to 21k. As I said before, there is a CME gap and a huge untested triangle.
I expect tremendous gains for the ARPA coin. You can find it in the related section down below!
Thank you, and for more ideas, hit "Like" and "Follow"!
ARTEMIS MEDICARE TRIANGLE PATTERNswing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
FOODSIN TRIANGLE PATTERNswing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
btc --> which side of triangle breaks?hello guys...
which side does it break out?
watch it and get it on that specific side
---------------------------------
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
NetApp WCA - Symmetrical Triangle Company: NetApp Inc.
Ticker: NTAP
Exchange: NASDAQ
Sector: Technology
Introduction:
Welcome to today's technical analysis. Our focus is on NetApp Inc. (NTAP), a major player in the Technology sector, listed on the NASDAQ. The weekly chart is currently exhibiting a Symmetrical Triangle pattern, suggesting a possible bottom reversal.
Symmetrical Triangle Pattern:
A Symmetrical Triangle pattern, typically seen during periods of consolidation, can signal a potential reversal or continuation of the current trend. It's characterized by a series of lower highs and higher lows, implying that the market is indecisive.
Analysis:
Previously, NetApp was in a clear downward trend. However, we've noticed a symmetrical triangle pattern in the consolidation phase, which seems to act as a bottom reversal. This triangle has three touch points on both the lower and upper diagonal boundaries.
In a bullish turn of events, the price has broken above the 200 EMA with a weekly candle, which reinforces the significance of the breakout. Consequently, this setup might present an immediate long entry opportunity.
The price target, should the breakout hold, is set at $90, indicating a potential upside of approximately 34% from the level of the breakout.
Conclusion:
NetApp's weekly chart reveals an intriguing setup in the form of a symmetrical triangle breakout, suggesting a potential bottom reversal. This setup could present a profitable long trading opportunity.
As always, this analysis should be used as a part of your overall market research and risk management strategy, and not as direct trading advice.
If you found this analysis valuable, please consider liking, sharing, and following for more updates. Wishing you profitable trading!
Best regards,
Karim Subhieh
KEI TRIANGLE PATTERN swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
BFUTILITIE TRIANGLE PATTERN swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
NACTO PHARMA TRIANGLE PATTERNswing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
STAR PAPER MILLS TRAINGLE PATTERN
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
KOSPI Composite Index - Symmetrical TriangleIndex: KOSPI Composite Index
Exchange: Korea Exchange (KRX)
Region: South Korea
Introduction:
Welcome to today's technical analysis. We'll focus on the weekly chart of the KOSPI Composite Index, highlighting a bullish reversal signaled by a symmetrical triangle pattern breakout.
Symmetrical Triangle Pattern:
The symmetrical triangle pattern is a neutral pattern that can signal either a bullish or bearish breakout, depending on which direction the price escapes. This pattern usually appears during a trend's consolidation period and is characterized by two converging trendlines.
Analysis:
The KOSPI Composite Index was undeniably in a downtrend, represented by a blue diagonal resistance line. However, this has changed as the index has entered a phase of consolidation, forming a symmetrical triangle over the last 294 days. The breakout from this pattern and the index's current position above the 200 EMA suggest a bullish market environment.
The price target, following a successful breakout, is projected at 2895.50 KRW, potentially signifying a price increase of approximately 16.5%.
Conclusion:
The weekly chart of the KOSPI Composite Index presents a bullish scenario, with a symmetrical triangle pattern breakout. This signals a potential reversal from the previous downtrend, suggesting a favorable environment for long positions in stocks within this index.
As always, this analysis does not constitute financial advice, and it's essential to conduct your own research and consider risk management strategies when investing.
If you found this analysis valuable, please like, share, and follow for more market insights. Happy trading!
Best regards,
Karim Subhieh
Bank Nifty Trade Setup (23-May-2023)As posted yesterday price is consolidating between 700-800 Points near ATH Level.
From price action Its moving in Lower Highs and Higher lows forming symmetrical triangle pattern breaking this pattern on either side can give 200-250 points for the levels of horizontal resistance also ATH on upside and horizontal support at 43550 levels.
For tomorrow Setup i will look for following :
1.) If Opens flat will wait for break of this triangle pattern and on which ever side it break will trade accordingly for target of Support or Resistance levels.
2.) If opens gap up will check if it retest this pattern and if sustain the Gap i will look for buying for target of ATH which will also be partial booking or full booking as per my time for it.
3.) If opens gap down will follow the same check if it retest triangle pattern if doesn't sustain will buy PE for target of support level. if price sustain above triangle lower trendline i will look for buying with first target of Triangle upper trendline.
This will be my personal trade Setup, This is not an advice of any kind to trade for anyone.
Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups.
How to Trade Symmetrical TrianglesHow to trade symmetrical triangle patterns with entries and stop levels.
FLOKIUSD: Bullish Gartley Within Symmetrical TriangleFloki Inu is currently trading at the lows of a Symmetrical Triangle that just about lines up with the PCZ of a Bullish Gartley and it could be targeting the 0.618 or Fibonacci Extensions above next.
FINNIFTY Expiry Day Trade Setup (23-May-2023)This will be my personal trade Setup, This is not an advice of any kind to trade for anyone.
Price is moving in Triangle Pattern will Break of this can give good trade setup, will follow these points:
1.) If opens flat between this triangle then will wait for price to break this pattern as buying PE near upper triangle trend line resistance for target of lower triangle trendline will be slow and there will be theta decay which will just eat premium.
2.) If opens gap up will look for nearby resistance levels. CPR Levels to be in a trade.
3.) Same for Gap down opening only will if it sustain support or if it rejects it.
4.) As it is expiry day so there will be volatility and if setup isn't good due to theta decay it will only eat premiums. Also if i place any trade in FINFIFTY i will be sure to book profits as soon as possible. and will try to look for 5 minute chart to enter a position and 1 minute chart to close my position.
Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups.
Fujitsu Limited WCA - Symmetrical TriangleCompany: Fujitsu Limited
Ticker: 6702.T
Exchange: Tokyo Stock Exchange
Sector: Technology
Introduction:
Hello and welcome to our technical analysis session! Today we are focusing on Fujitsu Limited as observed on the weekly chart on the Tokyo Stock Exchange. An intriguing symmetrical triangle formation has caught our attention, which may act as a bullish continuation.
Symmetrical Triangle Pattern:
A symmetrical triangle is a price pattern characterized by converging trend lines and oscillating price within the pattern. It can serve as a continuation or a reversal signal. The breakout direction tends to predict the subsequent trend direction.
Analysis:
Preceding this consolidation phase, Fujitsu's price exhibited a clear uptrend. The ongoing consolidation phase, shaped as a symmetrical triangle, has been forming for 616 days. There are three points of contact with the triangle's upper boundary and two with its lower boundary.
Notably, this consolidation phase takes place above the 200 EMA, indicating a bullish environment. If we see a weekly candlestick close above 18400, it could serve as an opportune moment for a long position entry.
Assuming a valid breakout, our projected price target is at 26025, translating into a potential price rise of approximately 41.33%.
Conclusion:
The weekly chart of Fujitsu Limited presents a potential bullish continuation pattern in the form of a symmetrical triangle. A confirmed breakout above the triangle's upper boundary could offer a promising long position entry.
As always, please perform your own due diligence and consider appropriate risk management strategies when investing. Not financial advice!
Thank you for joining this analysis. If you found it useful, please like, share, and follow for more insightful market updates. Happy trading!
Best regards,
Karim Subhieh
JUSTDAIL TRIANGLE PATTERN swing trade take trade swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
NVDA Technical Analysis Bullish if we break out of the "Pattern Resistance" $318.28 range. (Double top)
Pullback if we break and hold under minor support, projected support found at $305.50 range should we breakout of the Symmetrical Triangle pattern.
Earnings may disrupt market structure, pre-market analysis will be crucial.
SUPRAJIT swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
IRCON SWING AND INTRADAY TRADEswing and intraday trade take entry once the trendline get broken with good volume candle close rr is like 1:3rr which is good enough
Bitcoin is starting something big! (Elliott Wave)
Bitcoin is very bearish, and I expect lower prices. We have a strong bearish Elliott Wave base (a symmetrical triangle), and on the chart you can see my primary Elliott Wave count. This strong Elliott Wave base is an indication of a big crash.
The price should not go above 27666 (only a wick is allowed above this level). This is a strong resistance because of the previous wave (1), and wave (4) should not go into wave (1) territory. But I have an exception for this ruse, so I allow a very small overlap. Usually there are a lot of orders, and the market wants liquidity, which is why sometimes they overlap. Also, it depends on exchanges.
The bullish Elliott wave count is different. The symmetrical triangle could be an ABCDE triangle wave B, and we have just finished the ABC correction. In this case, the ABC correction could be completed, and we are ready to go above 31k. It's possible, of course, but my primary outlook is bearish. But if you are bullish, you can take this count into consideration.
In the next few weeks or months, Bitcoin will reach 21k and 15k after that at the end of the year. 10K is possible. We need more data to establish the target for the bear market, and we need to wait for the price to develop.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
What I personally recommend is to take only shorts on futures and avoid longs until the end of the year.
This s a quick update on BTC. Thank you, and for more ideas, hit "Like" and "Follow"!
