Mid-term scenario for the dollar indexWe had a triangle pattern on the dollar index in the weekly timeframe that was broken. The index can pull back to the lower limit of the pattern and then reach the weekly demand.
Triangle
Multi Year Breakout1. Multi year breakout with good volumes.
2. Ascending Triangle pattern breakout with good volumes on weekly chart.
NASDAQ in a symmetrical patternNDX rallied to the top of this pennant today before close.
The BTC and NASDAQ correlation is pretty heavy in this pattern.
Do we see Bitcoin find a local top soon and range around $61,400-61,800 this weekend? This would allow for a beautiful open Monday morning with both assets in sync heading into the FOMC week.
Is DHL Group ready to break the long term triangle? 200dma is still acting as major resistance but approaching the end of the triangle. The chances might be high that breakout occur before the end of the year. 2nd quarter numbers were good. 6-6.5 billion EUR operating profit confirmed for 2024. Decent dividend of 4.5% at current prices.
Melanie Kreis, CFO DHL Group: "Thanks to our unique logistics portfolio we are well prepared for when global trade regains momentum."
what is happening to BTC right now ?! 🐺 "Hello, KIUCOIN family . I hope you're doing well. 🐺
In this analysis, I've decided to explain what's likely to happen to the BTC price in the immediate short term and the long term. Be sure to stay tuned with me until the end, as it's going to be mind-blowing." 🤯
"First of all, let's examine the monthly chart. In my opinion, this is one of the best timeframes, especially for this analysis, because it reveals extraordinary price targets. Let's dive into it :
As you can see on the monthly chart , BTC is between two uptrend curves that have acted as support and resistance since 2015 . These curves are fairly strong, justifying their classification as strong support and resistance lines on the monthly timeframe.
As you may already know, the higher the timeframe we examine, the more accurate results we can achieve. Therefore, the patterns on the monthly timeframe are much more accurate than those formed on the daily or even the weekly timeframe. In this case, we have a clear and perfect bullish flag pattern . This is a bullish pattern, and its main target, which aligns with our resistance line, is around $165,000. 🔥🐺🚀
So let's reveals more details for you dear 🐺KIUCOIN🐺 family :
In the chart above, on the weekly timeframe, we have a clear AB=CD pattern . This is a well-known pattern in harmonic trading and, in my opinion, is quite accurate. Seven out of ten times, these patterns reach their targets, making them a valuable tool for traders .
So I think there is another secret reason for us to pay attention to it :
BTC.D
As you can see in the chart above, BTC.D is currently within a symmetrical triangle, which could also be considered an ascending triangle in this case. It appears to be on the verge of breaking out. In my opinion, if BTC.D breaks through this resistance level, it could be incredibly beneficial for the BTC price , potentially leading to a significant rally up to $165,000. However, this could also be challenging for altcoins and ETH . While they might also experience pumps alongside BTC, these pumps are likely to be less substantial. After such a BTC-led rally, we could expect a massive altcoin and ETH season. So, stay tuned with me until that time, as we could potentially make life-changing money together during this market cycle.
Now finally it's time to take look at the lower time frame :
As you can see on the daily timeframe , if BTC breaks through the orange resistance line , we could consider entering a long position with a target of the previous all-time high. You could also take some profits at a predetermined level and set your stop at the entry point to protect your initial investment. The remaining position could then potentially continue to generate profits, leading to a higher target of $165,000.
I hope you enjoy this idea dear KIUCOIN family , also always remember :
🐺 Discipline is rarely enjoyable , But almost always profitable 🐺
EURUSD → Entry into the bullish zone. ! NFP ahead !FX:EURUSD is returning to a bullish plane relative to the ascending channel. Focus is on the 1.1100 obfuscation and the upcoming NFP data to be released later on Friday.
Price is testing the global resistance level at 1.1125. Before the news, a struggle for the key zone may form or a pullback may be formed. The favorable NFP, which the markets are waiting for before a possible interest rate cut on September 18, may affect the decline of the dollar, which in turn will have a bullish effect on the currency pair. Unexpected data may close the price in the range of 1.120 - 1.105.
Resistance levels: 1.114, 1.120
Support levels: 1.1099, 1.1047
The focus is on the resistance of the ascending channel and 1.110. If the bulls can take the defense above this zone, we should expect growth to 1.130 in the future. But a failed attempt may affect the pullback to 0.5 fibo or 1.1045.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
Will the contracting triangle be confirmed?NYSE:CCL The Carnival Corporation listed in the New York Stock Exchange is aiming for a spurt to $19.00. Within a contracting triangle, the next target could well be the upper resistance.
NMDC STEEL - DESCENDING TRIANGLECMP - 53.85
Target - 73
⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️
PTC Buy ..PTC gave a triangle breakout..probable a flag pendant...so tgt calculated and posted on the charts...PTC gives good annual divident too..
Alikze »» ICP | Forming a triangle corner pattern🔍 Technical analysis: Forming a triangle corner pattern
- According to the analysis presented in the previous post, in the 1D time frame, after reaching the supply range, it has faced selling pressure.
- As can be seen, after reaching the range of the green box, it has had a positive reaction several times and has faced demand.
- Currently, a triangle corner pattern is formed in the green box area.
- Therefore, the last correction leg can be removed from compression by filling the gap of FVG.
- If it exits from the density above, it can grow up to the range of 12.5 dollars.
🛑 The most important resistance: $12.50
💎 Alternative scenario: If the breakout occurs from below and the green box is broken, the correction can extend to the green box.
💎 So as long as it is above the green box, there will be a short-term bullish trend for the target of $12.50.
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BINANCE:ICPUSDT
Gold has broken out ….BIST:XAUUSD1!
The break out of contracting triangle is here - Target now minimum 2700 ……
Oberoi reality consolidation #oberoireality is consolidated in daily Timeframe, it looks like triangle pattern, but one needs to be aware has lot of time fake breakout is been seen, good for buying in cash, risk management and patience is important overall bullish for short-term swing.
Bitcoin is Ready to Attack to Resistance zone==>>Short termBitcoin is currently moving in the Resistance zone($55,720-$54,550) .
According to the Elliott wave theory , Bitcoin seems to have completed main wave 4 with the Double Three Correction(WXY) .
Also, in terms of Classic Technical Analysi s, Bitcoin is moving in a Symmetrical Triangle on the 15-minute time frame. The symmetrical triangle is the Continuation Pattern .
I expect Bitcoin to break the Resistance zone($55,720-$54,550) in the coming hours after breaking the Upper line of the Symmetrical triangle .
If you want to know more about Bitcoin, please look at the below post:
Note: If Bitcoin breaks the uptrend line, we can expect more dumps.
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Gold will hit ATH again @ 2568 +/- in next few days?. 11/Sept/24XAUUSD possible forming a leading diagonal pattern = meant hitting ATH again @ 2568 +/- Which is the 1) monthly Pivot / R1 lvl 2) The Upper Resistance Line (red) of the pattern. Long @ 2498 which is 1) The lower Support Line (blue) of the pattern 2) Voulme Profile POC..
PSX KSE 100 Rising Triangle Pattern- Target 82000+ after breakout at 79300
- Volumes are still low
- Policy Rate Cut could trigger activity in the market and help market with the targets.
USDJYP - Technical Analysis [Short Setup]USDJYP
Current trend is bearish
There is no divergence
Symmetrical Triangle continuation Pattern is present on the chart
Waiting for the breakout.
Trade Plan
Entry Level 142.127
Stop Loss 143.862
TP1 140.392
TP2 138.657
Risk Reward
TP1 1:1
TP2 1:2
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SUN/USDT: READY FOR A 100% MOVE!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
SUN/USDT looks good here. It breaks out from the symmetrical triangle in a 4-hour time frame and is currently, being it. Buy some here and add more in the dip.
Entry range:- $0.025-$0.027
Target:- 80-100%
SL:- $0.024
What are your thoughts on SUN's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
another chance for SOFIIt seems that SOFI's price has fell back to touch the Triangle and a key area on the Weekly Chart
GOLD → Area of Interest 2475. What's next? 2450 or 2500?FX:XAUUSD is shedding downward on the background of unexpected NFP, which was published on Friday. The dollar is rising, which is generally negative for the metal. But, globally, gold is still strongly bullish....
The first half of the week should be extremely quiet, as important news will not start to arrive until Wednesday. Traders are waiting for CPI, PPI, as well as the Fed meeting scheduled for September 18, where they are expected to make a decision on interest rate cuts. A rate cut makes currencies cheaper, which only increases the interest in gold.
Technically, the price of gold can't consolidate above 2500 and is trading below the critical level of 2494, indicating buyer weakness, which goes into the accumulation or waiting phase....
Resistance levels: 2493, 2500
Support levels: 2485, 2475, 2450
Technically, it is worth considering a decline and a retest of 2475, as after the upward rally from below there is a huge pool of liquidity that attracts the market. Further, further scenario will depend on the market reaction to the range support: False breakdown may give a chance for growth to 2500, and breakdown and consolidation below 2475 may provoke longsqueeze to 2450.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
FET/USDT: LONG SCALP SETUP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
FET looks good here. It breaks out from the descending triangle and a retest is also done. Long some here and add more in the dip.
Entry range:- $1.12-$1.15
Targets:- $1.24/$1.31/$1.39/$1.51
SL:- $1.09
Lev:- Use low leverage (Max 5x)
What are your thoughts on FET's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
CADCHF: Important Breakout 🇨🇦🇨🇭
CADCHF formed a huge descending triangle pattern on a daily.
Bearish breakout of its neckline on Friday is an important event
that signifies a strength of the sellers and a highly probable
bearish continuation.
I will look for selling from a supply area based on a broken support
and a falling trend line
Next goal - 0.6167
❤️Please, support my work with like, thank you!❤️
EUR/USD 4H Analysis: Rising Wedge and Emerging Triangle PatternOverview:
EUR/USD on the 4-hour chart has experienced a bearish breakdown from a previously formed rising wedge pattern, followed by a retest of the broken support now acting as resistance. The price action is currently consolidating into a new triangle pattern, suggesting potential indecision or a continuation move.
Technical Indicators:
- Trend : After breaking down from the rising wedge, EUR/USD briefly retested the broken trendline as resistance. The price action is now consolidating into a triangle pattern, indicating a potential continuation of the bearish trend or neutral consolidation before the next move.
- RSI (Relative Strength Index) : RSI is near neutral levels, reflecting the current consolidation phase.
- Volume : Volume has decreased during the formation of the triangle, which is typical in consolidation phases and may precede a breakout.
Key Levels :
- Resistance : The top of the triangle pattern is at 1.1195, which is also the highest point of the previous rising wedge pattern.
- Support : The lowest point of the triangle pattern is at 1.0956.
Potential Scenarios :
1. Bearish Continuation : A break below the lower boundary of the triangle at 1.0956 would suggest a continuation of the bearish trend initiated by the rising wedge breakdown. We are more inclined towards this scenario given the prior breakdown and retest behavior.
- Entry : Consider short positions on a confirmed break below the triangle support at 1.0956. Alternatively, it is possible to enter now at 1.1085, given the bearish inclination and current price level.
- Stop Loss : Place a stop loss above the recent highs within the triangle or near the triangle's upper boundary.
- Take Profit : Target lower support levels at 1.09500 and 1.08000, which are indicated on the chart, aligning with prior swing lows or significant Fibonacci levels.
2. Bullish Breakout : Although the prevailing trend and our inclination are bearish, a breakout above the triangle’s resistance at 1.1195, which aligns with the highest point of the rising wedge, could signal a potential reversal or correction to the upside.
- Entry : Look for long entries on a breakout above the triangle resistance with strong momentum.
- Stop Loss : Set stops below the lower boundary of the triangle or recent lows.
- Take Profit : The initial targets for a bullish scenario can be set at 1.1190 and 1.1240, aligning with previous resistance zones or Fibonacci retracement levels.
Market Context:
Upcoming economic events, specifically the release of the Consumer Price Index (CPI), Producer Price Index (PPI), and unemployment claims, could significantly impact the USD. It will be crucial to observe how EUR/USD reacts at the time of these releases, as they could act as catalysts for a breakout from the current triangle pattern or shift the market sentiment in either direction.
Conclusion:
EUR/USD is at a critical juncture, consolidating in a triangle pattern after the breakdown and retest of a rising wedge. While a breakout in either direction is possible, we are more inclined towards the bearish scenario given the prior breakdown and retest. The trading levels for the bearish scenario, including supports at 1.09500 and 1.08000, are indicated on the chart. It is also possible to enter a short position now at 1.1085, given the current price and bearish setup. Bullish targets are set at 1.1190 and 1.1240, with the triangle's top at 1.1195 aligning with the highest point of the rising wedge, and the lowest point of the triangle at 1.0956.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Past performance is not indicative of future results. Always conduct your own research or consult with a professional before making trading decisions.
Thank you for following our analysis! We hope this insight helps with your trading decisions.
— RisingStarFrX
(Update) !!! Bitcoin Analysis : Bull or Bear ? (READ)BINANCE:BTCUSDT
Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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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!!
