GMT Bearish Symmetrical triangle - ZOOM on 5MThis looks too textbook but i'll trust it - Bearish Symmetrical Triangle - Continuation
GMT
Symmetrical Triangle
KAJARIACERkajaria made symmetrical triangle pattern on an hourly chart & broke out of it n trading above it comfortably with good volumes.
Could be bought with mentioned stoploss & targets.
Tk - Principle of PolarityNYSE:TK
Please correct me if I am wrong. I am just a beginner
What I see:
- 8-4-22 We broke out of a symmetrical triangle.
- The breakout occurred on above average volume.
- The breakout was followed by a small rally, up to the high of 19-1-22, TK then pulled back to a former resistance level near the breakout point, hopefully this former level will become support.
Today (21-4-22) and the following days will tell us if the Principle of Polarity is valid on this chart. What are your expectations for Teekay Corporation?
This is no financial advice.
NFTUSDT Possible symmetrical triangleWhat we have here is a symmetrical triangle. we maybe super lucky and
have 2 long opportunities.
The first long would be when price drops to the lower trendline of the pattern.
long there if price makes it with minimum risk. ALWAYS USE STOP LOSS.
the second entry would be the breakout of the pattern. but we buy (BCR)
BREAKOUT,CLOSE,RE TEST. WE BUY THE RETEST OF THE BREAKOUT, in case its a fake out we take on minimum risk.
so there's the strategy. trade safe.
Symmetrical Triangle on the ZRXUSDTBased on technical factors there is a long position in :
📊 ZRXUSDT
🔵 Long Now 0.7350
🧯 Stop loss 0.6480
🏹 Target 1 0.8090
🏹 Target 2 0.9490
🏹 Target 3 1.0390
💸Capital : 1%
We hope it is profitable for you ❤️
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Glmr/usdt symmetrical triangle H/S ideawhat we have here is a winning trade. i planned on buying at the lower trendline.
I did not open the trade based on what bitcoin. we all know btc is the driver of the show.
when btc dips 3% altcoins dip15%. so yes i had fear of losing money, a trait that needs to be eradicated when putting on a trade.
kill all fear doubt and uncertainty. Moving along...
now we have a new idea in motion. with the breakout of the symmetrical triangle.
The strategy here is buy the BCR (BREAKOUT,CLOSE,RETEST). WE Buy the re test of the breakout of the symm triangle.
good luck and i plan on posting more set ups...
Awaiting Symmetrical Triangle BreakoutAs you can see, the price action has formed lower highs and higher lows in NSE:MOTILALOFS . The volatility has also dropped massively. The RSI (9) in Hilega_Milega is having higher lows and equal highs, showing the strength is ramping up. The target out of this breakout is 1075, however, it may break down.
ENTRY position @ Breakout with strong momentum crossing up above VOLUME PROFILE POINT OF CONTROL
Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing . If you like the idea, do not forget to support with a like and follow.
ARPA about to breakoutARPA made a big symmetrical triangle and now the price is squeezing within an ascending triangle.
The best part is it is trading above ema200 and holding it.
Once we see a big volume breakout targets are on chart.
divislabdivislab made triangle pattern & broke out of it with decent volumes on an hourly charts.
could be bought with mentioned stoploss & targets.
THE MOST IMPORTANT 5 HOURS FOR BTCHello Everyone!!!
BTC has been sideways for almost 3 days now, the range is between $40.700 - $40.000, and right now we are on the APEX, we will have a blast off soon.
**BTC Idea**
Please check my recent post on BTC, especially the one on Daily TimeFrame. Before we talk about BTC back to Bullish again, we really need to pay attention on the potential for Dead Cat Bounce Pattern.
BTC got rejected so many times around the Fibo 0,618 Retracement. This is actually not a very good sign, based on so many data that I found, BTC is being accumulated by the whales since Friday, but we're not seeing the price rebound, also I got an article that showing BTC got a very huge outflow from Coinbase in Friday.
Maybe because some of them expecting a cheaper price around $37K ( Fib Retracement 0,786 on Daily Time Frame ).
Like Do Kwon perhaps, through LUNA Foundation's Guard, they did accumulating BTC, but for them to Buy more, they need Sellers and they need cheaper price.
I personally not expecting BTC to drop even lower from the Major Trendline in the Daily Time Frame, but if it needs to go down, then it will go down first.
There's no demand on this area, and perhaps a cheaper price will make the whales more interested to buy more.
For now, I'm paying attention on Symmetrical Triangle Pattern, especially on the Hourly Time Frame.
Break from this pattern will give us a clear path to the chosen direction by BTC, and this also give us a clue on how to react in BTC price right now.
I'm a trader, so I need the price to show me first before I react and making decision.
This is not a financial advice, it's just my humble opinion and I could be wrong somehow.
Good luck for you guys!!
And if you guys interested on my Analysis, I would be very happy to make a YouTube videos with English language, I'll be waiting for your thoughts and please leave it on comment below.
God Bless and Cheers!!!
Bitcoin Symmetrical Triangle Breakout Imminent!Hey Traders,
As you can see, the price action has formed lower highs and higher lows. The volatility has also dropped massively as evident in the Bollinger Bands. The RSI which I didn't bring up is having higher lows and equal highs, showing the strength is ramping up. The target out of this breakout is 42k, however, it may break down so the other target is 39k.
GBPUSD on its Symmetrical TriangleGBPUSD probable Bull Breakout on its Symmetrical triangle pattern
Stay connect with us and be careful late update
SUGGESTED TRADE:
Swing Trade Setup
High probable Buy GBPUSD
Entry Level - 1.30592
Stop - 1.30022
Take - 1.31400
Take a lot basis on your Equity no more - 1% risk
protection of your profits from lower levels
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BTC Symmetrical triangle/PennantBitcoin is trading sideways last 5 days forming a symmetrical triangle and a pennant at the same time.
In modern markets there are not bullish and bearish patterns on its own. To be profitable, you need to use them in conjunction with other indicators, news etc.
Volume is declining, it's normal during the consolidation phase.
In the long run BTC is still in a bull trend, so if you intend to treat these patterns as bearish signals, that's not a good idea.
Every day, whales, like Luna Foundation Guard accumulate millions USD in Bitcoins.
So, the price target for symmetrical triangle is around $42.7k
The price target for pennant is around is around $44.6k
As for the stop loss, the "rule" says, slightly below the low of the pattern, or below the down trendline.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
EURAUD | BREAKOUT?EURAUD has been coverging in symmetrical triangle, the price is on the verge of breaking it. We are bullish in the pair if it successfully manages to breake the resistance zone.
Trade your levels accordingly.
LPT breaking out LPT breakout from long downtrend.
You can take entry on retest or go by the PA.
Entry: 28
SL: 27
TP: 33 and 39
DOT: BUYING HERE IS A VERY LOW RISK AND HIGH REWARD!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this DOT/USDT update. DOT looks very promising here and looks like hovering near the bottom.
DOT is trading inside a symmetrical triangle in the 2-day time frame. Currently, it is moving near the lower trendline of the triangle. So buying here will be very low risk. Buy some now and add more in the dip.
Entry range:- $17.5-$18.5
Target1:- $22
Target2:- $26
Target3:- $32
Target4:- $38
SL:- If any 2-day candle closes below the triangle or closes below $17 then I'll exit.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
4/13/22 $SPYThese are swung calls from 2 days ago i had got bagged on but managed to avg down a few times with some time on the contracts i was able to manage out green ... One of my last avg downs was on 4/12/22 @ close ... not a good habit especially being i'm not a swing trader at the moment usually so gonna cut that out ASAP & get back on REVIEWING EVERY DAY!!!!
BANKNIFTYBanknifty broke out of triangle pattern on smaller time frame charts.
Could be bought with mentioned stoploss & target.
BTC: LAST HOPE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC/USDT update.
BTC is still continuously dropping and there is no sign of reversal yet. But the good thing is that BTC is still holding the $42k level.
BTC has important support of 100D MA at $41,500 and this is the last hope for bulls from here. As you see in the chart how strongly this MA works. A few days before BTC breaks above this MA and now looks like it is a retest. So if BTC manages to hold this MA I'm expecting a good bounce.
In the worst case, if BTC breaks and closes below this MA then our next support is at $38k which is the lower trendline of the triangle also here is the strong weekly support.
As of now, we might see some wicks to the downside to liquidate high leverage traders but after that, I'm expecting a good upward movement this week.
What do you think about this?
Do you think we get a bounce from here or not?
Share your views in the comment section.
Thank You!
Weekly symmetrical triangle on xrpusd appears to be breaking up.Initial target is 1.20 and after that should eventually head to $2.55 according to the height of the triangle. Being a weekly chart it could take several weeks and even a month or 2 to reach this target…it could also pump right to it in a matter of a candle or 2. We will find out soon enough. *not financial advice*
ETH/USDT Symmetrical Triangle!hello everyone, as it currently looks, the Cryptocurrency Ethereum is well on the way to forming a Symmetrical Triangle. The Triangle is under the 0.618 Resistance . When the Price cross that Resistance Level with a Strong Candle we can go Bullish.
Have a nice day to all of you!
KCSUSDT is ready to explode?On the daily timeframe, the price is testing the upper trendline of the big pennant, exactly 19.5$ on 0.618 Fibonacci level and the price is going to create a Cup and handle as well.
On the 4h Timeframe the price had a rejection from the 21.2 Resistance and now it's testing the previous weekly support.
How to approach?
the price could have a false breakout of 19$. In that area the market finds the liquidity for a new bullish impulse.
the price needs to have a breakout from the 21.2 Big resistance.
So, IF the price is going to have a breakout from 21.2, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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