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Triangle

Honestly, I don't feel like explaining, the chart says it all !!FOREXCOM:XAUUSD The GOLD 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! From a different point of view!!! ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
FOREXCOM:XAUUSDLong
by CobraVanguard
GOLD → Aggressive buyers... Ahead of PPIFX:XAUUSD is testing 2500 on the background of CPI data. Bulls actively continue to hold a strong support zone. An ascending triangle is being formed, the target of which is to break the resistance and rise. After the release of CPI data in the US, the focus shifts to PPI and jobless claims data, which will give a new impetus to trading. The CPI data has slightly cooled the increased bets on an excessive interest rate cut by the Fed next week. Despite the pullback, the gold price managed to defend a critical short-term support level around 2500 - 2505, keeping it in a three-week consolidated range. Technically, the focus is on the SMAs, which are actively supporting the market, as well as the liquidity area of 2510, 2500, which the market may test once again on news before heading upwards. Resistance levels: 2530 Support levels: SMA, 2510, 2500 The news may shake the market once again. Strong news may motivate the market to break resistance, but surprising PPI and Initial Jobless Claims data may trigger another sell-off attempt (to liquidity zones) before the price continues its rise. The market continues to focus on testing 2530 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
34
USDJPY → Full readiness to drop to 138.0 - 136.0FX:USDJPY breaks support at 141.68 and hits lows. The dollar is declining after the US election debate, but is still in consolidation ahead of CPI. The currency pair may continue to fall Ahead of CPI, traders expect consumer inflation to fall to 2.5 for the year. This indicator will determine the interest rate cut next week, and more precisely by how much they will cut the interest rates, by 25 or 50 basis points. Technically, everything is inclined to the further decrease of the dollar, which will be reflected on the currency pair. But, we should expect high volatility, within the framework of which, if the bears do not hold 141.68, the price may test 142.2 - 142.8 before further falling to 138 - 136. Support levels: 140.75, 140.25 Resistance levels: 141.68, 142.2, 142.8 Global and local trends are under bearish pressure. Important news is ahead, which may strengthen the fall, or temporarily squeeze the price in the range. Consolidation of the price below 141.68 will be a good sign for the continuation of the fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;) Regards R. Linda!
Short
by RLinda
6
Top 5 Weekly Trade Ideas #4 | QQQ TriangleQQQ had a small rejection off of a descending trendline from ATH last week and closed slightly below. We also have an uptrend from early August to make up the bottom line of the triangle. I see this as more of a neutral pattern, but it is at the top end and threatening to breakout above for now. First upside target would be ATH and then it's a blue sky setup so we'd have to rely on things like the projected target using the distance from the bottom of the triangle to the top. You could also extend that target line all the way up to ATH for a bigger target, but I like using that swing low from August. Immediate downside target is the bottom of the triangle and the ascending trendline from late 2023. Final downside targets are the August/April low at 423.45 and around 385 based on the triangle projected target.
NASDAQ:QQQ
by AdvancedPlays
Technical Analysis of Broadcom Inc (AVGO)The stock ( AVGO ) is in a long- and medium-term uptrend. In the short term, it is undergoing a retracement phase, having been rejected twice by the POC 1, which reflects the volume area starting from November 2023, when the latest uptrend began. After the second rejection from POC 1, which confirms its strength, the price is heading towards the $171 area, corresponding to a second volume zone, POC 2. This area acts as resistance, having already rejected the stock once, and we will see if it holds again. To summarize, in the short term, the stock is retracing, using POC 1 as support and POC 2 as resistance. This phase has resulted in lower highs and higher lows, forming a pattern known as a symmetrical triangle. The symmetrical triangle is generally considered a continuation pattern, meaning that the breakout often (but not always) occurs in the direction of the trend prior to the triangle's formation. However, it can also signal a consolidation phase or market indecision. Interpretation: Bullish Scenario: If the price breaks the resistance (the descending trendline of lower highs) and moves above POC 2, this would be a bullish signal. Bearish Scenario: Conversely, if the price breaks the support (the ascending trendline of higher lows) and moves below POC 1, this would be a bearish signal. It is important to confirm the breakout with an increase in volume, as a breakout without strong volume may indicate a false signal.
NASDAQ:AVGO
by Giovanni_Bandini
Multiple Trades | First "Fine" Analysis Since a While | SUNUSDT Didn't post any setups or ideas in a while. When I was just looking at some "younger" crypto charts, I've came across this pair "SUNUSDT". It imediately looked like a descending triangle to me ( with down sloping supply line) But I also found 1 (or even 2) potential bearish harmonic patterns (Cypher and/or Shark) These patterns could be traded by going long/buy as close to point C, then close the position around point D. The most important and significant trade will follow! If there is a bearish harmonic formed at those prices, a good entry point to go short will be as close to point D as possible. Stop loss could be set very tight, although this is personal preference. If every aspect of this setup is going as planned, the odds are even greater that this last move will happen. Don't forget to take profit along the way downside. My final TP will be around 0.016 If there is a viewer that might be reading this, please let me know what you think. I love feedback, as much as I can get! Everyone can feel free to follow and/or contact me on Tradingview. Happy Trading, Stay healthy Dan26Trading
by Dan26Trading
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 🐺
INDEX:BTCUSDLong
by Kiu_Coin
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!
Long
by RLinda
8
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. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ICPUSDT
Long
by alikze
2