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Triangle

SWING IDEA - RITESRITES , a leading engineering consultancy company specializing in transport infrastructure, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 770-800 Resistance Zone : The 770-800 level has been tested multiple times and the price is now attempting to break through this resistance, indicating strong bullish momentum. Ascending Triangle Breakout : The price is breaking out of an ascending triangle pattern, a bullish continuation pattern that suggests potential for further upward movement. Bullish Engulfing Candle on Daily Timeframe : The recent formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and further supports the bullish case. 50 EMA Support : The stock is finding support at the 50-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Spike in Volume : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 930 // 1030 Stoploss - daily close below 680 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:RITESLong
by Visionary_Growth_Insights
Why I'm selling EURUSDHello traders this is one of my setups for this week. For my price action traders this trade has it all!!! I've been watching EURUSD for a while now and I think now it might be time to sell. The thing that made me pay careful attention o EURUSD is this supply zone, I've been waiting patiently for the retest of this supply zone and as you can see we retested with a head and shoulders, more on that later on. For my breakout traders!!! This is your break and retest. If you are a pattern trader we also have something for you, as you can see we have a head and shoulders pattern here with the neckline being an important zone in our supply. It can't get any better than this, a triangle retesting a head and shoulders pattern is so nice. WHAT WE HAVE SUPPLY HEAD AND SHOULDERS TREND BREAKOUT TRIANGLE
Short
by Linkhive001
4
Buying Opportunities on EURUSDHere’s an exciting update on EURUSD, which has just broken out of consolidation on the weekly chart. Let’s explore the buying opportunities available. Weekly Chart: EURUSD has broken and closed above the consolidation, signaling a potential upward trend. Buying Opportunities on the 4-Hourly Chart: 1. Support Level: - Key Level: 1.0843 - What to Do: Look for a buying opportunity at this support level. 2. Bullish Shark Pattern: - Pattern Completion Level: 1.0820 - What to Do: Wait for the Bullish Shark Pattern to complete at 1.0820 for another buying opportunity. Strategy: 1. Magic Candle Confirmation: Always wait for this confirmation before entering the trade. It ensures a higher probability of success. 2. Stop-Loss: Place your stop-loss just below the entry level after our buffer to manage risk. Final Thoughts: This breakout on the weekly chart offers promising buying opportunities. Remember to stay patient and wait for the Magic Candle Confirmation before entering your trades. What’s your plan for EURUSD? Are you looking at the support level or the Bullish Shark Pattern? Share your thoughts and strategies below! Happy trading, everyone! 🚀
Long
by RaynLim
Profitable Triangle Trading Strategy Explained Descending triangle formation is a classic reversal pattern . It signifies the weakness of buyers in a bullish trend and bearish accumulation . In this article, I will teach you how to trade descending triangle pattern. I will explain how to identify the pattern properly and share my trading strategy. ⭐️ The pattern has a very peculiar price action structure : 1. Trading in a bullish trend, the price sets a higher high and retraces setting a higher low . 2. Then the market starts growing again but does not manage to set a new high, setting a lower high instead. 3. Then the price drops again perfectly respecting the level of the last higher low, setting an equal low . 4. After that, one more bullish movement and one more consequent lower high , bearish move, and equal low . Based on the last three highs , a trend line can be drawn. Based on the equal lows , a horizontal neckline is spotted. ❗What is peculiar about such price action is the fact that a set of lower highs signifies a weakening bullish momentum : fewer and fewer buyers are willing to buy from horizontal support based on equal lows. 🔔 Such price action is called a bearish accumulation . Once the pattern is formed it is still not a trend reversal signal though. Remember that the price may set many lower highs and equal lows within the pattern. The trigger that is applied to confirm a trend reversal is a bearish breakout of the neckline of the pattern. 📉Then a short position can be opened. For conservative trading, a retest entry is suggested. Safest stop is lying at least above the level of the last lower high. However, in case the levels of the lower highs are almost equal it is highly recommendable to set a stop loss above them all. 🎯For targets look for the closest strong structure support. Below, you can see the example of a descending triangle trade that I took on NZDCAD pair. After I spotted the formation of the pattern, I was patiently waiting for a breakout of its neckline. After a breakout, I set a sell limit order on a retest. Stop loss above the last lower high. TP - the closest key support. 90 pips of pure profit made. Learn to identify and trade descending triangle. It is one of the most accurate price action patterns every trader should know.
OANDA:XAUUSDEducation
by VasilyTrader
1
DOGE → The bulls are overcoming resistance. Trend change?BINANCE:DOGEUSDT is breaking trend resistance and on W1 the bulls have kept the price above the risk zone. Prospects are emerging for a possible rally.... The 0.1-0.05 area is the bottom of the market. Strong accumulation is forming in this area. The price left it back in the spring, but the recent retest showed that the bulls are not ready to let the price beyond 0.106, which generally determines the medium-term prospects. On D1, the price is breaking the trend resistance of the Wedge pattern, forming a small rally to 0.1437. If the bulls hold their positions and defenses above 0.126 - 0.1200, the market will retain its bullish phase, thus we can soon see a breakout of the local high with a subsequent rise to ATH Resistance levels: 0.1437, 0.1657 Support levels: 0.126, 0.12 There is no fundamental analysis, but technically there are good prospects. Various services are showing a spike in whale activity in DOGE, which could signal as increased interest. I expect a positive outcome from the bulls with a subsequent rally to the zones of interest Rate, share your opinion and questions, let's discuss what's going on with ★ DOGE ;) Regards R. Linda!
Long
by RLinda
6
The last bullish chance of TONCOIN in short-term !!COINEX:TONUSDT TON is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) . The break out needed for increasing further has not happened but it should happen pretty soon. ✨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
Gold XAUUSD Head and Shoulder& Bullish Expending TriangleGold Market Breakout Gold has broken out above the key resistance level of $2374, suggesting a potential continuation of the uptrend. This breakout is accompanied by a complex technical pattern, consisting of an inverse head and shoulders pattern and a bullish expanding triangle. Inverse Head and Shoulders Pattern: Left shoulder: Formed around $2366, with a trough at $2382 Head: Formed around $2353 with a trough at $2363 Right shoulder: Formed around $2365, with a trough at $2374 Neckline: Connecting the highs of $2377 and $2374 Bullish Expanding Triangle: Expanding boundaries: The distance between the highs and lows is increasing, indicating a potential breakout Breakout: Gold has broken out above the $2374 resistance level, suggesting a potential continuation of the uptrend. The breakout is accompanied by increased volume and momentum, confirming the strength of the move. Interpretation: The combination of the inverse head and shoulders pattern and the bullish expanding triangle suggests a high likelihood of a continued uptrend. The breakout above $2374 resistance adds further confirmation to this outlook. Trading Strategy: Buy signal: The breakout above $2374 confirms the buy signal. Stop-loss: Set a stop-loss below the neckline, around $2355. Target: Set a target based on the height of the inverse head and shoulders pattern, projected from the breakout point, potentially targeting $2400 or higher. Risk Management: Set a stop-loss to limit potential losses if the breakout fails. Adjust position size based on market volatility and risk tolerance. Consider scaling out of the position as the target approaches to lock in profits.
OANDA:XAUUSDLong
by Pipsview_Analysis
1
GOLD → False breakdown before the bullrun... ↑ FX:XAUUSD reacts perfectly to the 2390-2400 area, forming a false breakdown with subsequent growth to 2420, but I am now confused by the extremely low volatility.... The calm before the storm.... Gold is bullish on D1, while the dollar index is showing signs that the price may continue its decline in the medium term. Today at 13:45 GMT it is worth paying attention to the S&P PMI at 13:45 GMT and Hew Home Sales at 14:00. The data may revitalize the market, but we need to look at the actual numbers. Technically, gold has a bullish market on H1, but right now I am extremely confused by the very low volatility, which often leads to momentum to one side or the other. Based on the overall situation there is a chance to see a continuation of growth if the bulls hold their defenses above 2400-2405. Resistance levels: 2420, 2430, 2450 Support levels: 2405, 2400, 2392 The price is gradually updating the highs, forming clear support zones. A possible retest of the liquidity area before the subsequent bullrun to 2430-2450. It is not excluded that the price can break the structure and give a strong impulse down to 2370, but at the moment of market analysis there are no preconditions for it Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
19
GBPUSD → False breakdown led to the beginning of correctionFX:GBPUSD forms a false breakdown of resistance, which leads to a change in the nature of market movement. At this time, the dollar temporarily changes course and moves to the correction phase. GBPUSD is globally bullish. After breaking through resistance on D1, the price moves into the correction phase, which was generally logical to expect. Ahead is the key area on H4 - 1.29 from which a rebound is possible. A reversal pattern is forming locally, but the probability of a trend change is low. In the medium term I expect a correction to 0.5-0.7 fibo with further reversal, but the long-term outlook is bullish. The reason for this movement is the unstable fundamental environment due to the presidential race in the U.S. as well as the politically dependent opinion of the Fed, as well as the forex market movements are beginning to be influenced by Trump's speeches.... Resistance levels: 1.2978 Support levels: 1.290, 1.286, 1.284 Technically, we should wait for a bounce from 1.29 by 10-20% from the current movement with the aim to continue the correction towards the mentioned support zone. Thursday's news supported the dollar, today the general fundamental background remains (no news). Rate, share your opinion and questions, let's discuss what's going on with ★ GBPUSD ;) Regards R. Linda!
Short
by RLinda
5