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Triangle

ANF reversal or dead-cat bounce? NYSE:ANF ANF has recently pulled back from its all-time high (ATH) following its latest earnings report. Despite strong earnings, same-store sales, and electronic sales growth, and a dynamic inventory selection, concerns about a potential recession have weighed on the stock. Key Developments: Recently dropped below the 100-day Moving Average (MA) Retested the 200-day MA Bounced off the 200-day MA Broke out of a triangle formation on a 15-minute timeframe Broke above the 100-day MA but failed to break above previous support Expected Outcomes: Bullish scenario: If ANF bounces off the 100-day MA and reclaims the previous support level, it could retest the 50-day MA, coinciding with the upper limit of the current negative channel. In this case, I would consider near-term put options to hedge against a potential retest of the 200-day MA. Bearish scenario: If ANF fails to hold above the 100-day MA and the $150 support level, it is likely to retest the 200-day MA. I am closely monitoring the $150 level and will make decisions based on price action this week. Given the current macro environment, I prefer to be short this position. If the bullish scenario unfolds, I will wait for a retest of the upper channel limit before taking action. With key economic data, including retail sales, being released this week, expect volatility. Regardless of my position, I plan to be short-term and exit before the next earnings report.
NYSE:ANFShort
by Average_Joe_Options
Ethereum's Only Bullish Scenario (August 2024)Since the bullish move on Ethereum from June 2022 till March 2024 can never be counted as an impulsive wave; I expect ETH to face a challenging sell-off in the coming weeks. As long as the price is still below $4,000; many bearish analysis are valid (for instance ETH can go <$800) The invalidation of all the bearish ideas & the confirmation for the bullish continuation is basically passing $4,000. In the mean while, the only bullish idea that can be bet on is the scenario of a triangle. Whether the (c) of the triangle is in or the triangle gets bigger. As long as the price is above $1,000 and below $4,000, the idea of the bullish triangle is on. Bearish invalidation is breaking $1,000 Bullish confirmation is passing $4,000
FOREXCOM:ETHUSDLong
by MohamedSewid
TeslaPrice is consolidating in the range of 180 to 200 in the form of ascending triangle. If it sustains 200 zone then price can move up. Buy above 203 with the stop loss of 201.5 for the targets 204.5, 206, 207 and 209. Sell below 198 with the stop loss of 199.5 for the targets 197, 195, 193 and 191. 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
5
GOLD - Price can decline to support line of triangleHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced from $2320 level and then entered to wedge, where it at once fell lower than support level. After this, price in a short time rose higher than $2320 level, breaking it again, but soon fell back to support line of wedge. Next, XAU made strong upward impulse to resistance line, breaking $2320 and $2430 levels, after which turned around. Gold broke $2430 level and later entered to triangle, where it rose higher resistance level again. But a not long time ago price fell back to support line, after which it bounced up and now trades close resistance line. In my mind, price can reach and at once bounce down from resistance area to $2375 support line of triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
(Update) !!! Weekly Chart Analysis : Bull or Bear ? (READ)BINANCE:BTCUSDT The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th wave. Currently, Bitcoin is fluctuating around $60k and has not been able to break through the FWB:67K level. This suggests that it may continue to fluctuate within this range and requires closer examination. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Another analysis on BITCOIN _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
COINBASE:BTCUSD
by CobraVanguard
4
XRP → The court case is complete. Triangle Resistance Retest...↑BINANCE:XRPUSD is forming a rally from the intermediate bottom area. The reason for this is the end of the litigation between Ripple and SEC. The market has been laying a positive outcome for the past few weeks.... The SEC was demanding $2 billion dollars, but the court reduced their demand by 94%, admitting they lost! This is a positive outcome for Ripple, the industry. Ripple is only fined $125 million instead of $2 billion. The rumors have been around for a while, but the market reacted quite positively, giving an initial boost of 27% Technically, at the moment, all eyes are on the range 0.6378, 0.5663. Emphasis on the resistance breakout. If the bulls can overcome this boundary, it will be a confirmation of the price exit from the global descending triangle, which may affect the formation of a bullish trend, the promising targets of which may be 0.900, 1.300. Resistance levels: 0.6378, 0.7440 Support levels: 0.5663, MA-50 Fundamentally and technically, everything is unfolding with favorable winds for the bulls. It opens the way to the north, but before that, the bulls need to try to overcome the strong resistance. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSD ;) Regards R. Linda!
Long
by RLinda
4
ETH could pop 5%Eth has been trading sideways for the past 1 day and 18 hours, during which time it has formed a small ascending triangle pattern. Given that the pattern is only a day old, there is a high likelihood of failure. However, for traders with a high risk appetite, it might still present an interesting opportunity. Additionally, we are witnessing a gradual short squeeze, with risky assets slowly clawing back their losses. The pattern suggests that Ethereum could gain 4.91%, or $125 per contract, on a breach to $2,555, with the potential to reach a high of $2,678. If the breakout is successful, the short-term trend is likely to remain bullish as long as the price stays above $2,512, a local low established today. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
THINKMARKETS:ETHUSD
by ThinkMarkets
$BTC1! Fib Simulation of Fractal (UPD)Perceiving the price action as a function of trading time justifies the quantitative approach in drawing geometric relationship between phases of cycles. Hence, it's safe for me to assume that market is a time fractal which has its own path regardless the collective opinions of the market participants. Logistic curve that reflects well the speed of information spreading made me ignore the voices of masses. The principle aligns with EMH - that the condition of the market is already reflected in the current price. Impulsive and corrective waves are governed by golden rule in one way or the other. That's why I used fibonacci channels to build predictive models which reflect the interconnectedness of composite fractals to the whole cycle. By measuring the extreme levels of historic wave, the derived fibonacci channels exposed the timing, size and probability levels of the next ones. In regular TA, people are wrongfully focused on covering their immediate expectations from the market, analyzing a narrow data range of the chart. Whereas, Fractal Analysis graphically shows how current price is interconnected with the entire history of fluctuations in a single probabilistic map. In this update I fused earlier discovered structures and boundaries to the chart Added more series of fib ratios derived from white triangle (src 0;1) Linear boundaries of macro-fractal: Implementation of fibs with big time Intervals: As violet Fibs: Other observations: We're in a big triangle derived by linear extension 2021 tops and Full cycle (COVID - 2022 LOWS) Source: Implementation: (On interactive chart it darkens till intersection)
CME:BTC1!
by fract
1
GOLD → False break of range support led to a reboundFX:XAUUSD reaches the liquidity zone of 2370, forming a false breakdown, confirms the presence of a strong range boundary. The market may move into a sideways trend. Fundamentally, the situation is still complicated. The U.S. regulators are trying to change the market's mind on the recession issue, trying to keep the market calm. The question of aggressive actions of regulators is still open. At the moment everyone is watching the actions in the Middle East, as the activity on the background of the war already unleashed can again affect the price of gold. Markets continue to estimate almost 90% probability of a 50 basis points cut in US interest rates in September. Let me remind you that it is not the fact of reduction that matters, but the hints and comments of regulators. At this time, gold is forming a global range of 2480 - 2370. Resistance levels: 2420 Support levels: 2400 Technically, gold may go into a consolidation phase, but in the future it is worth watching the resistance at 2420. As a pre-breakout consolidation or a quick retest may lead to a breakout attempt and growth Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
5