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Symmetrical Triangle

When a Symmetrical Triangle Pattern Fails, What to DoDon't mind the audio quality & the background noise I didn't plan this just decided to share. One of the ways I figure out why a pattern fails and while my stop loss hit I fix it and make sure I recover it and even more sometime. Yea I know its not good to have that mentality of "I must recover, I can't take a loss" but as a professional you can fix it right on spot and that is why I'm sharing this for the beginners and even professional that do not know about this. As you can see on the chart the 1st symmetrical pattern was forming so I thought this is it but unfortunately after the so called breakout (which I thought) it didn't succeed I took some loss the when I saw a potential Flag Pattern forming I thought yes, this is my chance, it's happening, I would take a long immediately after breakout but again I was wrong, the 2nd lager Symmetrical Triangle is forming so when I finally figured it out I knew where exactly the next move and I took it. I recovered from the first loss and made extra, cool.
by DewyCandles
LOOKS/USDT TRADE SETUP! 400% PROFIT EXPECTED!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this LOOKS/USDT TRADE setup. LOOKSRARE is an NFT market place which is far better in comparison to the Open sea. LOOKS is forming a symmetrical triangle pattern in a 10hr time frame. Currently, it is hovering near the lower trendline of the triangle. Bounce is expected from there. Once it breaks the triangle then a real rally begins. If it breaks below the triangle then we will close in little loss. So overall it's a low-risk and high reward trade setup. Entry range:- $1.4-$1.5 Target1:- $1.92 Target2:- $2.92 Target3:- $4.20 Target4:- $7.0 SL:- $1.26 Soon expecting it to be listed on BInance. 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
1
Symmetrical Triangle on AUD/JPY @ D1This symmetrical triangle, which has formed following a long-term uptrend on the daily chart of AUD/JPY, can serve as a continuation pattern. An upside breakout can be used for its potential as a buy signal. My entry is placed at the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit is 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 bottom of the triangle (90.747).
Long
by AndriyMoraru
GMT/USDT : Formed a bullish pennant !BINANCE:GMTUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $GMT has formed a symmetrical triangle, Which can be considered as a bullish pennant into higher time-frames. - Also $GMT is moving below the ATH and so it comes with three separated targets! If we get the closings above the resistance zone, Then you can open Long on a proper retest $3.5's broken zone. Targets are : - $3.66 ( ATH's resistance ) - $4.13 ( ATH's break-out target ) - $4.53 ( Symmetrical Triangle's break-out target ) - $5.00 ( Bullish pennant's break-out target + FIB extension's target ) Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
16
GALA/USDT TRADE SETUP! ABOUT TO BREAK!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this GALA/USDT TRADE setup. GALA looks good here. GALA is trading inside a symmetrical triangle in 1hr time frame. Once it breaks the triangle expect a 10-12% pump. Long now and add more in the dip. Entry range:- $0.187-$0.189 Target:- 10-12% SL:- $0.182 Lev:- 10x-20x 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
2
STMX/USDT LONG SCALP SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this STMX/USDT TRADE setup. STMX looks good here. STMX is trading inside a symmetrical triangle in 1hr time frame. Once it breaks out from the triangle expect a 15% move to the upside. I'm buying some hear and adding more near the lower trendline of the triangle. You can either long now or long after the breakout. Entry range:- $0.186-$0.188 Target:- 10-15% SL:- $0.181 Lev:- 10x-20x It's a low-risk and high-reward trade setup. 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
BTC - YO-YO - UP AND DOWN...WEEKLY (W1) Ongoing price action is for the time being not very encouraging ; indeed, after having briefly tested the resistance ton @ 42’680, the Bitcoin reversed sharply and came back below the weekly clouds support area. The level of the next weekly closing will be very important to look at as, a closing confirmation below 40’118 would be seen as a negative signal which would increase considerably the downside risk, putting the focus for the next supports : S1 : 38'547 S2 : 37'581 S3 : 36'980 In order to temporary neutralise this downside risk, the Bitcoin should at least close above the Tenkan-Sen,(@ 41’279), level already mentioned several times in my previous analysis. Next resistances being : R1 : 42'248 R2 . 43'385 R3 : 44’523 DAILY (D1) High volatility seen over the last couple of days, triggered firstly an upside triangle breakout, calling for a target @ 43’400 which has been missed, higher level being 42’979, which matched with the top of the clouds resistance area and which triggered the sharp downside reversal , pushing the Bitcoin below 40’000, @ 39’770. Yesterday, the Bitcoin failed to recover and closed, for the first time, below the triangle bottom support line which validated this triangle formation calling for a target @ 37’581. Warning, watch carefully ongoing price action (pullback) which may either validate or invalidate this recent downside breakout. Watch also carefully the price action of the LAGGING LINE which is currently testing the bottom level of the clouds. Finally, it is also important to note that the primary uptrend support line is currently @ 36’980 (Support nr 3 mentioned in my weekly analysis) 4 HOURS (H4) Currently below the clouds (39’824-40’998) LAGGING LINE also below both Tenkan-Sen and Cajun-Sen. RSI below 50, @ 36.91 A « DOJI » triggered a « shy recovery », which for the time being has been rejected by the bottom of the clouds resistance area. 1 HOUR (H1) Below the clouds, Kijun-Sen and Tenkan-Sen Watch closely the RSI which may show a potential Bullish divergence (potential double bottom too) which if confirmed may trigger some recovery, with a limited upside potential as this recovery should be seen as a corrective move only in a broad bear trend. IRONMAN8848 Jean-Pierre Bürki
BITSTAMP:BTCUSD
by Ironman8848
1
FIL/USDT symmetrical triangleFIL/USDT pair is forming lower highs and higher lows following two sloping trend lines that eventually intersect. We expect that breakout can be in any direction. To determine take profit(TP) zones we can apply the measurement rule for symmetrical triangles: compute the formation height from highest high to lowest low and add to or subtract the difference from breakout price depending on the breakout direction. This time we have support zones near expected price goals (in an upward direction 21,7/23,5 and in a downward direction - 16.8/18,45) so we can set up our TP zones in that support/resistance zones.
COINBASE:FILUSD
by Deviantor_Wayne