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Symmetrical Triangle

Symmetrical Triangle on XAU/USD @ D1Gold (XAU/USD) is currently consolidating inside a symmetrical triangle pattern on its daily chart. I will try to use it as 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 (the red line at 1934.12). I will ignore bearish breakouts from this formation.
OANDA:XAUUSDLong
by AndriyMoraru
btc ---> breaks uphello guys... as you can see BTC has broken the last symmetrical triangle pattern... it would be clear to all of you that the first target of this pattern touched, however, you should consider the main move in this specific coin is bullish and it is not out of mind if it is going to touch the second target as well, the risk to reward for this position is valuable so I recommend you enter to position with a reasonable risk in case of touching the stop-loss, _____________________________________ 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
Long
by melikatrader94
33
ID/USDT TRADE SETUP! READY FOR 50% PUMP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this ID/USDT trade setup. ID looks good here. Breaks out from the symmetrical triangle and also retest is done. Expecting a 40-50% pump from here. Long some here with low leverage. Target1:- $0.52 Target2:- $0.58 Target3:- $0.64 Target4:- $0.72 SL:- $0.45 Use low leverage (5x-6x) If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
10
Xrp still inside a slightly larger symmetrical log triangleWe had a glorious breakout yesterday and today have seen that candle retrace more than 50 % of its length liquidating all sorts of top buyers no doubt. This happened after price manages a wick above the monthly 50m (in orange) but ultimately was rejected from that zone. It wasn’t just the monthly 50ma that put up the resistance however…there is in fact one last top trendline of a slightly bigger triangle on the xrp log chart shown here in red. Price action got close enough to this line to experience a rejection through the combined resistance of it and the monthly 50ma…the red triangle’s apex isn’t until the end of June…hopefully price will break above it in the current zone though when patterns usually have their breakouts on average (about 5-15% away from the apex). If it takes as long as it did to break up from our pink triangle however it could consolidate inside the triangle here until late June. That would shake a lot of frustrated weak hands no doubt. However I’m still confident we have broken up from the pink triangle and should still reach its full $4.90 target, might just take many months to get us there. The first step will be flipping the top red trendline to solid support and an even more important next step will be flipping the monthly 50ma to solid support. Those are the 2 trendlines to watch. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
GRT Triangle bigger than originally thought.After several candle close outside of the original yellow triangle, it is clear that the more valid triangle is now this bigger tan triangle. We can see the top trendline of the tan triangles trajectory angle also matches the angle of the purple descending channels as well for added confluence. While that means we haven’t yet actually broken up out of the triangle just yet, the good news is when we do the breakout target will be higher than original expected. I arbitrarily placed the breakout measured move target line here for a rough estimate. opefully it breaks out of the triangle somewhere close to this region. *not financial advice*
COINBASE:GRTUSD
by DrDovetail
NASDAQ 100 Futures short term goal The market is forming a triangle. --> Wait for the nearest prior high or low to be taken off. And do a 100% symmetry projection to find the initial trade target. If the price down breaks the triangle, the 1.0 projection will be taken from A to B, projected from E. If the price up breaks the triangle, the 1.0 projection will be taken from B to C, projected from D. And do notice the nearest prior low or high may not be D or E if the triangle continues. **Not Financial Advice** The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
CME_MINI:NQ1!
by stock_adelie
Bitcoin - No one talks about this trendline, last wave up! Bitcoin is appraoching an extremely strong resistance at around 30k. The chance of crash from this level is extremely high! We can see that the uptrend from 20k to almost 30k in March is steep and without any major corrections. From the Elliott Wave perspective I expect last fifth wave to the upside to complete an impulse wave. We can find a resistance at the major trendline that you can see on the chart, or you can call it a broadening wedge. If you open a short position slightly below 30k, then what is the profit target? 0.618 FIB and POC of the previous structure is at 23k. If you want to take profit earlier than 0.382 FIB at around 25k is the next option because it is also a strong horizontal resistance on the weekly chart. 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 we take a look at the RSI indicator on the daily chart, we can be sure that after the final impulse wave the indicator will be oversold, so this is probably not the best time to buy/long at this point. In my opinion, a CRASH to 15k is probable later this year, maybe in September / October, so be prepared for it because this will be the best time for an investment position with a target of around 150k! I took a look at all major altcoins on major exchanges and I can tell you that 95% of them looks totally bearish on the highest timeframe, the bottom is definitely not in for them. This is my game plan for Bitcoin at this moment as I said I expect one last wave to the upside before a huge crash. I am not going to long or buy Bitcoin at this point after this pump because it's of course dangerous and we have a lot of unfilled GAPs below the current price. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
111
An update on the symmetrical triangle on the monthly xrp chartThe current candle on the daily chart looks absolutely massive compared to the other candles before it. You can’t really see it on the monthly chart, however I chose to use the monthly chart for this idea because the triangle it’s breaking up from is best seen on the monthly chart. With such a massive candle on the daily I’m confident we are finally breaking up from this pattern. I had already posted an idea featuring this monthly triangle a few weeks to a month or so ago but wanted to post a new one because I noticed that the measured move price when I charted the triangle on this exchange (BTSE) was slightly lower than what I posted on the previous idea with the monthly triangle. The previous idea I posted, it looked as if the measured move target was over $6. This was charted on the bitstamp exchange. Because the price can jump exponentially with each inch you move the price label when you are on log mode I decided to double check going by the exact top of the dotted line instead of what the price label said. When I did this on the BTSE chart, the top of the line was actually at $4.59 instead of over $6 so I wanted to clarify and update. Part of this price difference could be because this is a different exchange so I will also go back to the bitstamp chart to see what the top of the dotted line is on that one and update this idea as well as my previous one about this triangle. Either way, even though the target may be slightly lower than my initial chart suggested, it still seems to be calling for a new all time high…and I am confident price will eventually head to the over $6 range and much higher in the long term, albeit maybe with some sizable corrections along the way…and this current pump seems like it may be just the start. *not financial advice*
BTSE:XRPUSDLong
by DrDovetail
An update of xrp’s monthly candle on the bitstamp log chart!I just did an update on this monthly log symmetrical triangle using the BTSE chart in my previous idea, but wanted to also go back to the exchange that I first posted the idea on almost a month ago which was bitstamp. Upon going back to that exchange, I discovered there were actually two potential targets to this triangle breakout. If the bottom yellow trendline is the more valid trendline for this triangle, the breakout target is around $4.90. However, if the bottom trendline to this target is the slightly lower and longer pink trendline, then the breakout target is $7.10! Either way, we have only just begun to pump and it appears like a new all time high should be happening in the not so distant future for xrp!! Next big resistance to watch is gonna be the monthly 50ma(in orange) *not financial advice*
BITSTAMP:XRPUSDLong
by DrDovetail