Traingle
BTC and complete the declineWolfe waves and the transverse demand zone:
Shapes drawn on the chart:
The orange region: Strongest Quantumes Area at the present time, which is current transverse area limits
The red zone and the green zone: weak trading areas that are not accompanied by quantities
The blue circle: the confluence of the fourth wave with the current strongest demand point and touching the sub-uptrend (the leg of the ascending triangle)
The blue line is the price breakout point at the 2020 high towards the 2021 high (69K), and the same time is the strongest demand area in this current drop from the Bitcoin high.
Intermittent red trend: the target of the triangle is based on the waves of Wolfe
The fifth wave is expected to be short as it faces the point 20361 which is considered a strong resistance as the price is likely to retest it after breaking it, as well as the middle point of the side of the fourth wave considering the unified (angle of the five waves of this triangle 47°), then after that it is expected that the price will fall to The target of the triangle according to the Wolfe waves (dashed red line), which also coincides with the previous idea attached, where it targets the first retracement area shown there.
If this path is achieved, it will be updated with a new idea
GOLD H1 : DOLLAR NEWS ?Hi traders, GOLD is setting up for a downside move it's trying to create a traingle. If traingle get's break for upside then price can drop from the upper mentioned area.
Remember today is a dollar FOMC and others news, so be careful anything can happen my analysis is not combined with fundamental this is just a technical view GOOD LUCK.
INDIABULLS REAL ESTATE - Short-term Price actionINDIABULLS REAL ESTATE - Short-term Price action Analysis
1. It's forming a triangle pattern, let's watch will it breaks up or downwards.
2. If it breaks upwards, there is the short rally 69 is the first target and then 75 is the second target.
3. If it breaks downwards 48 will be the support.
4. This stock is not good at fundamentals, but it may get the good short term really because of the market conditions and it's in the over-sell zone.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
$NFLX - is it time to buy?$NFLX - is it time to buy?
Could be time to buy - we got triangle pattern, now I look at individual stocks whilst comparing it to the indices of NQ and I am bullish I am buying dips and taking look at FAANGS short term buy looks could be good opportunity.
Q2 2022 earnings on Tuesday. Watch out
Take care
TJ
SUSHIUSDTI think it is very bullish, or do you have the same opinion!?!?!
If the corrective movement trend does not fall below the price range of $0.918, the possibility of forming an upward trend similar to the drawn scenario is not at all out of mind.
On the other hand, Ethereum and Bitcoin have not yet issued a signal for an upward trend!!!
As long as the loss limit is met, you can make a trade worth the risk and reward.
We would be very happy to hear your comments
Triangle in Elliott wave theory Indian bankElliott wave theory is itself is a complete technical analysis which shows the naked price action.
In the Indian Bank chart, the triangle is forming. As we discussed in our previous analysis (attached in link to related ideas), the triangle can burst in any direction.
Only two possibilities occur in Indian Bank,
1. If an Indian Bank crosses 162, it can go to 205.
2. If Indian Bank breaks 140, it can easily go to 114.
In both cases, more than 20% of the move is a sure-shot clear move.
Happy trading.
Quant descending triangle short term 2022We have a descending triangle that is a bearish pattern. If this plays out we could see QNT at $48-$49. It would make sense if QNT plays out on a drop in price thus respecting this descending triangle pattern and we drop to the previous low, this would give us a double bottom and a healthy position for a rebound.
Just a possibility on Bitcoin! Have a look at my Elliot wave analyze, this small triangle is more probable. I expect price goes to 37500 and an small bullish move to 44000. As still haven't finish wave 4 we need to trade very carefully. I have updated last analyze. I am holding all my Long position and I am adding more margin to my long position at 38050. this means, in my opinion in mid-term still we have a bullish move to about 50000 dollars , in case price can be low till 34000 dollars before touching 50000. which will be a good opportunity to add more margin for long.
This analyze will be wrong if 34000 breaks.
Symmetrical Triangle pattern for dogeIn the 4-hour time frame,a Symmetrical Triangle pattern is formed.If the triangle is broken upwards,the targets indicated on the chart will be available.Achieving this targets will be very likely in the event of a peace agreement between Russia an Ukraine(A wish that we all love).
Kadena short term oversold before bull take off 2022Kadena along with many other cryptos could see oversold positions until mid-March (Fed policy and Crypto regulations etc...) and then we could see a turnaround with Bitcoin leading the pack. As you can see Kadena has broken through this descending triangle which is a bearish pattern. If we respect this pattern we could see Kadena hitting a beautiful low of $2.50 which is an amazing entry point for anyone doing some DCA (dollar-cost averaging). If you use a Beam Band KDA could hit bottom and this is where the turnaround can come. We either break through this miserable sell-off or we go a little lower before we move higher.
ZILUSDT Cup & Handle and Bull Flag. 300% ComingBullFlag, Big Triangle & Big Cup & Handle Pattern Breakout
BuyZones:
0.07520 0.078 0.083 0.085
Take Profits:
0.125 0.145 0.18 0.2 0.25 0.30 0.35
StopLoss:
0.65
Legend:
🔴 Pink Structure -> Monthly Structure.
🟣 Purple Structure -> Week Structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4H structure.
⚪ Grey structure -> 1H structure.
BTC Breakout imminent !!!Over the last weeks we had a beautiful triangle pattern forming. Depending on the direction of the Breakout (closure of 1H candle above or below drawn resistance lines) the near-term future of BTC will be decided. If BTC breaks out to the upside, prices could reach approx. 45500 USD before bouncing back. However, the supporting trend line (green) increases the likelihood that the resistance at 45500 USD will eventually break as well and let prices continue their path towards 48000 USD.
In case that prices will breakout to the downside, BTC could fall to the strong support of 40500 after which the continuing downward sloped trend line (red) will increase the likelihood of prices crashing through 40500 to eventually reach the next big support area which I see at approx. 37000 USD.
Triangles, Flags, Pennants.Chart patterns, are becoming one of my favorites points of view in the market.
Using this tools i become more aware of where i am in the market, the trend and where i can place correct entry's
Lets consider the difficulty of this structures. First i am not using individual lines in this chart, i am using tool bar channels. That means that the line above has to be the same as the line below, that been said. the patterns showed in this chart are just made for expert traders. Simple and clean.
We can force some structures, but when we use tool bar patterns its very hard to find structures that make sense in the market.
Thanks fo the support traders.
And keep rocking in the free world.
USDCAD 4th bounce 4th bounce after a re bounce of the ascending channel.
Two scenarios may occur in the next period of time.
1. bounce to the upside creating a reverse flag or at least a 100 pips bounce before a crash to the downside
2. A break to the downside at 1.25000 creating a 4th bounce in a higher time frame parallel channel.
us100 buy (8hrs chart)Hello guys once again
Here we will discuss about US100 buy opportunity. We can Cleary see 2 big triangles in which price traded over the past over the past 2 months.
The first triangle created a bearish wave over it. So, with recent price action we can see the 2nd wave is creating a bullish wave just under the structure. Which means price may reverse aggressively to the upside from today! This is an 8hrs chat so wait for 8hrs candle to see which direction price is headed. By looks of it should take 1/2 days to hit Take Profit.
**use sensible risk to reward** You may also short it once you see bearish signs after hitting TP (but use same risk to reward)
Goodluck!! pls like and share if you find this analysis useful.
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