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Triangle

GOLD → Retest triangle resistance. Next, 2500 or 2400?FX:XAUUSD is strengthening after retesting support at 2440 and false breakdown, heading towards ATH. Buyers are keeping the market from falling, forcing the price to bounce off the local range support. It is worth emphasizing the strong bullish trend and continued retests of triangle resistance, which only increases the chance of a breakout and upside. The gold price has been strengthening since the evening session, despite strong US data (for Thursday) being the latest boost to dollar buying, especially after an inflation report earlier this week that cast doubt on the possibility of an aggressive Fed interest rate cut in September. Special emphasis on looming geopolitical tensions in the Middle East, which continues to support sentiment around the hedge asset Resistance levels: 2464, 2477 Support levels: 2458, 2450, 2440 Emphasis on both the boundaries of the above range and internal levels. If the bulls hold 2458, their further target will be the resistance 2464, the breakdown of which will lead gold to ATH. And in this case the market will start testing 2477 for a breakthrough and growth. If the bulls show weakness, the market may make another attempt to retest the support before further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
Gold will move to 2800 Last week gold completed its 4th wave expanded triangle which E wave forming a complex "abcde" as depicted in the picture. This is valid according to wave theory that E wave of triangle or Y wave of complex correction could extend into another set of "abcde" pattern, each leg containing 3 waves. Price move to new all time high confirms the completion of expanded triangle and now it should move t 2800 where it is 1.618 fib from previous 2011 high. As I said before in previous idea, as long as price is above 1.382 fib around 242x, it should find its way to 1.618 fib. Invalidation point: 2450 1st Target: 2530-2550 2nd Target: 2650-2670 Last Target: 2790-2810 See also my previous idea below.
OANDA:XAUUSDLong
by UNRPP
2
Bitcoin | When in Doubt, Zoom out..!! When in Doubt, Zoom Out! Bitcoin has been Retesting the Ascending Triangle after its Breakout in March 2024. After a Successful Retest, I’m expecting a mega bull run, with Bitcoin Potentially Reaching a Long term target of $170k. Bitcoin bulls need to close the Current Monthly candle above $61k to confirm this Bullish momentum. 🙌 Love This Idea? Show Your Support! 🙌 If you found this idea valuable, don't forget to hit that like button and subscribe for more insights just like this! Your engagement fuels the content I create, and it means the world to me. 💬 Join the Conversation: I’d love to hear your thoughts! Share your ideas and charts in the comments section below—let’s learn and grow together. Thank you for all your love and support! Together, we’re building something amazing. Stay tuned for more!
BITSTAMP:BTCUSDLong
by Faibik
8
USDJPY - Trading The Ascending Triangle BreakoutAfter a nearly 2,000 pip plunge, USDJPY has found support & has started to reverse. We ended the week not only violating an important level of previous structure resistance, but we also had a breakout & are currently retesting an ascending triangle. This sets us up for a potential bullish (short-term) continuation opportunity & in this video I'll show you where I'm looking for price to potentially go to next. Questions, Comments, or Views on this pair, please leave them below as I love to talk trading. Hope you guys have a great weekend & keep you eyes out for more videos from me on this space. Akil
Editors' picks
Long
by Akil_Stokes
10
Tesla trianglePrice is consolidating in the form of ascending triangle and have resistance at the zone 220. Sustaining above this is important to continue the uptrend. Buy above 220.5 with the stop loss of 218.5 for the targets 222, 224, 228 and 231. Sell below 214 with the stop loss of 215.5 for the targets 212, 210, 208 and 206. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NASDAQ:TSLA
by vanathi
2
BNB — Why $1,000 Is A Realistic Target!Binance Coin has been one of the strongest performers in recent months. It reached a new ATH and is only moderately down compared to many other altcoins. More importantly, the long-term chart looks appealing. BNB has formed a symmetric triangle on the daily chart. The lower (long-term) trend line serves as strong support, while the upper trend line of the triangle builds the resistance. Here's an essential aspect to know about triangle patterns: Symmetric triangles are so-called continuation patterns. That means triangles in an uptrend usually lead to a bullish breakout and continuation of the uptrend. In terms of Binance, we are in a clear uptrend. So, let's tackle the question of why $1,000 is a realistic target. Again, we have to look at the theory behind the triangle pattern. To calculate the breakout target, you need two steps: 1 - you take the highest high of the triangle and subtract the lowest low. 2 - you add the result to the price at the time of the breakout. Voila, you have your target. Let's do the math in terms of Binance: 630 (Highest High) - 230 (Lowest Low) = 400 If we now assume a breakout by the end of September, BNB's breakout point would be slightly below 600. 600 + 400 = yep, 1,000.
Long
by ben_walther
Air New Zealand Monthly ChartAir New Zealand monthly chart, Descending triangle which is at 25 year low, triangle are often wave 4s which suggest it still wants to go lower I actually want to see this break the low and create a 5th wave triangle overthrow as shown This would be a great buying zone as the current price of $0.587 is offering a 7% dividend, if it were to drop to 42-44cents then it will increase to 10% yield, going back to pre COVID, the dividend went up to 0.08c Downside is $0.40 Upside is dividend 7-10% possibly increasing up to 20% Capital appreciation even up to the top of the triangle is 300% gain... Risk is the company is carrying too much debt and the operating profit is very low at sub 5%, so there likely needs to be a restructure Blowing the price to a new all time low will definitely create a catalyst for change and offer a good buying opportunity This is partially government owned so very very unlikely to go bankrupt, but can still go through a restructure to reset debt and operating expense ratios
NZX:AIRLong
by dionvuletich
1
NOTCoin → Pullback after a false breakdown. When is it going up?BINANCE:NOTUSDT on the background of the rally ( together with TON ) strengthens and updates the maximum 0.0129, thus forming a retest of the wedge resistance. The attempt is unsuccessful, the reaction is a pullback to the liquidity zone. Fundamentally interesting project in the medium and long term can still show good growth, but for this developers need to try. The prospects of Notcoin will depend on the innovations developed by the project, its marketing strategy and the state of the overall cryptocurrency market. Technically, a false breakdown of the wedge resistance is forming amid bitcoin's decline. The price may test the liquidity area of 0.0105 and then a retest of the resistance may follow. I do not exclude the fact that the support may be broken without any corresponding reaction, in this case we will wait for a retest of trend support. Resistance levels: 0.1294 Support levels: 0.01053, 0.00912 Accordingly, any breakout and consolidation of the price above the wedge resistance will be a strong signal for further rally. As long as the price has not left the range, it is worth considering trading inside this pattern. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NOTUSDT ;) Regards R. Linda!
Long
by RLinda
10
The last bullish chance of BTC in short term !the BTC 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! ✨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!!
Long
by CobraVanguard
2
Ascending Triangle Pattern Breakout in ICICIGIICICI Lombard General Insurance (ICICIGI) Analysis – 30-Minute Timeframe On the 30-minute timeframe, ICICI Lombard General Insurance (ICICIGI) has displayed a bullish breakout from an Ascending Triangle pattern, which is typically considered a bullish pattern indicating potential upward momentum. The breakout suggests a strong buying interest, with expectations of an upside rally in the stock. Key Levels: Entry Point: An entry opportunity is identified above the 1995 level, which acts as a confirmation of the breakout. Stop Loss: To manage risk, a stop loss is recommended just below the 1960 level. This level serves as a crucial support, and breaking below it may invalidate the bullish setup. Target Levels: Intermediate Target: The first target for this trade is set at 2030, where partial profits could be booked. Final Target: The final target is anticipated at 2065 or above, aligning with the expected continuation of the bullish trend post-breakout.
NSE:ICICIGILong
by TradZoo
EURUSD → Attempting to change the global trend.... FX:EURUSD after the retest of the trend resistance is forming a correction, which is correlated with the growth of the dollar index. By the nature of the movement, the currency pair is in the bull market phase.... False breakdown of the symmetrical triangle resistance. The fundamental background for the currency pair is relatively positive. The dollar will continue its decline in the future, which is favorable for the euro. In this case, after the end of the correction, it is possible to retest the resistance with the aim of breaking through and further change of the global trend from neutral to bullish. Technically, the focus is on 1.0916 and 1.095. Breakout and price consolidation above this zone will be the beginning of further bullrun. Support levels: 0.5 fibo, 1.087, 0.7 fibo, 0.79 fibo. Resistance levels: 1.0916, 1. 095 Both technically and fundamentally, we have positive preconditions for the growth continuation. The correction may take a little longer, but it is worth paying attention to the key zones indicated on the chart. Rate, share your opinion and questions, let's discuss what's going on with ★ EURUSD ;) Regards R. Linda!
Long
by RLinda
3