Triangle
Xrpusd Bullishpennant on the 1month timeframeSame pattern as the previous idea i just posted but I’ve switched it from the 3 month chart to the 1 month time frame in order to keep track of the developments in price action more quickly. Im also going to post this pattern one more time but on the weekly timeframe as well. The 3 targets remain the same. *not financial advice*
bullpennant on the xrpusd 3month logarithmic chartJust posting an updated version of this Also going to post a 1 month timeframe version of it and a weekly timeframe version of it to keep track of how it develops. We can see 3 main targets should the entire pennant be validated and not just the symmetrical triangle. First one is 10 dollars, then 33, then 609. These amounts can of course change somewhat depending on wherever the actual breakpoint occurs. *not financial advice*
Symmetrical Triangle Formation in CAMS – Awaiting BreakoutOverview:
CAMS is currently forming a symmetrical triangle on the daily chart, a classic continuation pattern. This pattern typically indicates a period of consolidation before the next significant move, and given the stock’s strong previous uptrend, there is a potential for an upward breakout. However, the symmetrical triangle is neutral until confirmed, so both bullish and bearish breakouts are possible.
Pattern Breakdown:
The triangle is defined by point A (around 4900 INR), where the stock reached a high, and point B (around 3850 INR), marking the recent low. The price has been forming lower highs C (around 4600 INR) and higher lows D (around 4200 INR) as it tightens into the apex.
This contraction in price is a sign that the market is undecided, but once it breaks out of the triangle, a directional move is expected.
Key Observations:
RSI Oscillator:
The RSI, set to a period of 14, is hovering around the neutral zone (~50). This shows that the stock isn’t currently overbought or oversold. A move above 70 or below 30 could signal a strong trend in the direction of the breakout.
Volume Decline:
As the triangle develops, volume has been tapering off, a typical characteristic of consolidation. A significant volume spike will be key in confirming the breakout direction.
Breakout Levels:
Upside Breakout: A break above point C (around 4,600 INR) could trigger a bullish continuation, given the previous uptrend. Traders should wait for confirmation via price action and volume.
Downside Breakout: A breakdown below point D (around 4,200 INR) could signal a bearish reversal, especially if accompanied by increased volume.
Final Thoughts:
Symmetrical triangles can break in either direction, so it's crucial to wait for confirmation. Given the prior bullish trend in CAMS, there's a greater probability for an upward breakout, but the possibility of a downside move can’t be ruled out. Patience is key—monitor the volume and price action carefully for a strong breakout signal.
Disclaimer :
This is for educational purpose only. I am not SEBI registered advisor. Take advice from financial advisor before investing.
I Cannot Short This !!! situation+next targets.the TRB is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
Note: we should wait for the breaking of the triangle and than make a move!
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Best regards CobraVanguard.💚
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
PEPE/USDT: SWING LONG POSITION!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
PEPE looks good here. It is breaking out from the symmetrical triangle in 4hr time frame. Long some here and add more in the dip.
Entry range:- $0.0086-$0.009
Target:- $0.0102/$0.0109/$0.0118/$0.0128
SL:- $0.008
Lev:- Use low leverage (Max5x)
What are your thoughts on PEPE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
PEOPLEUSDT Triangle Breakout.PEOPLEUSDT technical analysisi update
PEOPLE's price is breaking the triangle resistance line on the daily chart after a 100-day formation. Before a bullish move, we can expect a small retest before the price continues upward.
Target: 50%-100%
Stop loss: $0.060
Regards
Hexa
Trading options for 26.9.2024Tomorrow there are two reasonable trade options (1 shorts and 1 long) both are dervied from the triangle formed within today and are inline with the derived from support & resistance areas. For details see text boxes in the chart. I prefer option 2
Notes:
green and red boxes dervied from last movement volume areas, Pivot levels and Fib levels.
yellow boxes are derived from higher TF MAs
NVDA at $172.00???Disclaimer: Please note that this analysis is for educational purposes and is not a recommendation to buy or sell. I'm sharing a technical perspective based on chart patterns. Before making any investment decisions, it's always good to do your own analysis.
Looking at the daily chart of NASDAQ:NVDA , we can see that the stock is about to break out of a symmetrical triangle . Basically, what's happening here is that the price is "squeezing" between support and resistance until the moment of breakout. And when that happens, we usually see a stronger move in the direction of the breakout.
The target for this breakout is projected by measuring the vertical height of the triangle (the distance between the highest and lowest points of the pattern). We then add this value to the breakout point, which in the case of NVDA , gives us a target around $171.95 . So, if the breakout occurs, that's the range where we can expect the price to go.
However, it's worth noting that symmetrical triangles aren't always the most reliable patterns. Many analysts point out that breakouts don't always result in strong or sustained moves. This is because the triangle can form during both consolidation phases and potential reversals, and it’s not always easy to determine which direction the price will go.
Additionally, authors like Martin Pring in Technical Analysis Explained and Bulkowski highlight an important drawback: when the breakout occurs near the apex of the triangle (the final point of convergence), the resulting move tends to be weaker. This happens because, by that time, the buying or selling pressure may have already dissipated, which weakens the breakout. And this is exactly where NVDA is right now, which could make the breakout less powerful.
What do you think? Do you believe NVDA’s breakout will be strong enough to reach the $171.95 target, or could the proximity to the triangle’s apex weaken the move? Let’s discuss your thoughts in the comments!
EURUSD → Resistance Retest. A rebound or a breakthrough? FX:EURUSD is testing the resistance of the local correction, and instead of the expected rebound, I am waiting for an attempt of a breakout with the aim of further growth to 1.12757 on the background of the expected fall of the dollar....
There is important news ahead that traders have been waiting for months. A rate cut. And the question is no longer “when?”, but “by how much?”. 25 basis points or 50 ... But before that traders will have to endure Retail Sales, CPI, FOMC, which may also have an impact on both the market and the Fed.
Technically, the focus is on the resistance of the range, 1.112. The market is likely to fight for this zone, a correction is possible, but a gradual retracement and retest will increase the chances of a breakout. If the bulls hold 1.112, it will open the way towards ATH!
Resistance levels: 1.112, 1.12
Support levels: 1.1099, 1.1072
Globally the trend is bullish, on D1 the price is coming out of the correction phase and continues the upward movement. The news may have a big impact on the market, which will shape both medium and long term prospects... Targets are indicated on the chart
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
Gold will soon break out ....COMEX:GC1!
Gold made ABCDE contraction in Spring and started to the upside in June after finishing Wave E ...
Wave 1 and 2 should be finished now after doing an abc and we will come into the strongest part of Wave 5: 3 of 3 has started .........!
We are seeing now a contracting Triangle and we had 3 Hammers in past 5 days - Upside Breaktout is imminent (!) My target for Gold is now $ 3'000
BNBUSDT: Why BNB Remains Bullish and Its Next Potential MoveHi.
BINANCE:BNBUSDT
the BNB is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
Note: we should wait for the breaking of the triangle and than make a move!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Graphite Ready To Flyy!!!Buy GRAPHITE at 524 and all dips...
Target1 - 765
Target2 - 908 (if closing above 908)
Target3 - 1030
Disclaimer :-
I am not SEBI registered. The information provided here is for education purposes only.
I will not be responsible for any of your profit/loss with this channel suggestions.
Consult your financial advisor before taking any decisions
BITCOIN - Price can break resistance level and continue to growHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price entered to triangle, where at once made downward impulse from resistance line to support line.
Price broke $63700 and $54900 levels, but soon turned around and rose higher than $54900 support level, breaking it again.
Next, BTC continued to grow and later reached resistance line of triangle, after which started to decline.
In a short time, price fell to support area, thereby exiting from triangle and starting to grow in rising channel.
In channel, Bitcoin rose to $63700 resistance level, where at the moment continues to trades very close.
Possibly, price can make a small movement below and then bounce up to $67600, breaking resistance level.
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SILVER (XAGUSD): Pullback From Resistance Confirmed
Silver looks quite bearish on a 4H time frame
after a test of a key daily resistance.
The price violated a support line of a symmetrical triangle formation
and closed below that.
The price may drop lower.
Next support - 30.1
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Descending triangle breakout EURZAREURZAR has successfully broken out of the bottom of a descending triangle pattern that it has been trading in. With today's price action so far, we have been entered in to a short position. We are hoping to reach the target down at the R18.28 level. We will adjust our stop loss accordingly as the price moves down.