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Triangle

TeslaPrice is moving up with steady volume growth. Now it is at trend line support and also it has formed an ascending triangle. 229 - 231 is the support as of now. Buy above 232 with the stop loss of 230 for the targets 234, 236, 239 and 241. Sell below 226 with the stop loss of 228 for the targets 224, 222 and 220. 220 will act as a support. 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
9
ETH: Potential Bullish Signals on the 1-Hour Chart?Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Ethereum (ETH) is currently showing some interesting signs on the 1-hour timeframe. Let's break down what we're seeing: Possible Double Bottom: The chart suggests a pattern resembling a double bottom, which can be a bullish technical indicator. However, confirmation is needed. Descending Triangle: ETH is also forming a descending triangle pattern. This pattern can indicate a breakout in either direction, so further confirmation is required. Here's what to watch: Breakout: A clean break and close above the neckline of the descending triangle and the double bottom's resistance level would be a bullish signal, potentially leading to a price increase towards $3300 this week. Invalidation: An hourly close below $2840 would weaken the bullish case. What are your thoughts on ETH's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
1
Alikze »» IMX | Head and shoulder pattern scenario🔍 Technical analysis: Head and shoulder pattern scenario - In the weekly frame time, there was a three -wave move that has grown to 1.272 for its previous wave. - According to the analysis presented before leaving the triangle density in the 4th wave of correction, it succeeded in the supply zone of growth and defeat it. - After that, it faced a lack of stability at the top of the supply zone. -This unsuccessful failure area of ​​the supply area is a head and shoulder pattern. - Currently, there is a currency pattern that can have a growth of a dynamic trigger. - If the line is broken, the head and shoulder pattern will be approved and can be modified in the first step until the Golden Zone, and then the Priz area will continue and even move to the origin of the movement. 💎 Replacement scenario: If it can be removed from the corner, it can test the supply area, but the head and shoulder pattern will not be valid until the supply zone is broken and will confirm the pattern by defeating the line. »»»«««»»»«««»»»««« 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. »»»«««»»»«««»»»«««
Short
by alikze
1
Asc tri implies rel move - comparison of crypto tot cap vs goldJust looking at gold vs total market cap for crypto (also added BTC and gold on as lines to make it easier to see the price % directions). The ratio has made an asc triangle suggesting this move lower (for BTC vs gold ) has further to go in relative to gold? versus reversal at this point. Also its interesting to see the ratio extremes at the prior market turning points. Just for comparison and further evidence to get you out closer to a top in the future may be something to bear in mind With a little refining this may be a nice indicator to show turning points / or continuations Disclaimer just for education not advice
OANDA:XAUUSDLong
by William_Playfair
EUR/USD: Awaiting a Breakout from the Symmetrical Triangle📅 Let's dive into today's analysis. We'll be focusing on the EUR/USD pair in the daily time frame. 🧲 Symmetrical Triangle Formation In the daily time frame for EUR/USD, we can observe a symmetrical triangle pattern. Currently, the price is in the last third of this triangle, indicating that the best course of action is to hold off on trading this pair until one of the dynamic lines is broken. 🎲 Moving Averages The moving averages are not particularly useful for analysis right now. As you can see, the SMA99 has flattened out, indicating a lack of momentum in the market. 🪤 Momentum Oscillators Given the lack of momentum, there's no reason to use momentum oscillators like the RSI. These oscillators are only useful in markets with momentum, so checking the RSI would just provide unnecessary data. 🧩 Breakout Scenarios If the descending trendline is broken and the price stabilizes above this area, we can expect the price to move up to the 1.11056 resistance level. The trigger for this scenario to be activated is at 1.09066. ⚡️ If the 1.09066 trigger is not activated, we need to wait for a new structure to form and draw new triggers on the chart accordingly. If the ascending trendline is broken, the trigger for this scenario is 1.06774. The next support level is very close to the price, at 1.06057, which aligns with the 0.382 Fibonacci level in the weekly time frame, forming a crucial area. 📉 Downside Targets If the price declines, the final target I see is 1.04225, which corresponds to the 0.5 Fibonacci level on the weekly chart. However, there is also a significant support zone between 1.04225 and 1.05007, where substantial demand is likely to enter the market, making it difficult to break through easily. ⌛️ Apex Point of the Triangle The converging lines of the triangle always intersect at a point called the apex. From a timing perspective, this is an interesting point. Although it's not always exact, we can expect a potential structural change around November 29. This change could be a continuation of the trend, a reversal, or the end of the current trend. Typically, something significant happens around this time. 🎈 Range-Bound Market Scenario If the price ignores the trendlines and starts ranging, the triggers at 1.09066 and 1.06774 can still be relevant. However, a ranging market will likely create a new structure and provide new triggers accordingly. 📝 Conclusion The EUR/USD pair is currently trading within a symmetrical triangle, indicating indecision and low momentum in the market. The moving averages and momentum oscillators provide little insight due to the flat market. Traders should wait for a breakout from this triangle to confirm the next direction of price movement. Whether the breakout is to the upside or downside, it will set the stage for subsequent trading opportunities. Patience is key until clear signals emerge from this consolidation pattern. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
by itsparham96
1
EMGS was 1000x higher than today - Asc Tri breakout ?Nordic markets in relative strength bullish break out This stock was hit down so much - not suggesting it will ever go back up 1000% however the bullish argument that lots of sellers and buyers in this stock I can see it recovering somewhat because its price is being supported by a bullish trend line which graphically shows someone is buying this stock every time it comes back to the trend line It has made an ascending triangle about to break out Its very rare to see a stock that once traded 2500---2700 now at 2.66 what a loss of money for so many people sorry but an amazing opportunity for a new buyer. 1000 x difference in price! Even if this is a dead cat bounce - so what it should move up a bit proportionally if it recovers only a few % of it s 1000% fall then it will deliver nicely Not financial advice only for educational purposes
OSL:EMGSLong
by William_Playfair
Asc Tri broken out Norway index - so lets go fishing! Bullish case - Analysis of relative strength shows several indexes have demonstrated relative strength. Closer consideration of these indexes for triangle pattern set up and breakout shows the Nordic region. As the index has broken out of an ascending triangle so its constituents should also show relative strength. As the index still has a little more price room until the traditional bullish target is met. If this is the case then a quick scan of the index should identify other Asc tri patterns hopefully before they break to the upside supporting their parent index direction. For a bullish view one may decide to leverage larger position hopefully with a lower amount of risk given the logic of the parent index move If an asc triangle which has not broken out can be found with in the stocks in the index which is available to be leveraged with a greedy market maker who usually clears out the small retail investor. Before it breaks our with any volatility, a bullish or bearish position could be placed as a limit order thus more likely that the market maker will still honor the trade. Before they stop allowing trades on that instrument due to their potential to lose money. Difficulties now arise that once a market maker detects a likely price move they cut the instrument. Difficulties now exist that top tiered traders rated by the market makers as those that make money in their accounts, any positions these traders place are quickly hedged so as to minimise the market makers risk. Also when wining positions need to be closed out, the market maker will look to automatically adjust the price shown indicated to trade for the individual instrument. This is normal practice because the market makers are trading their own book and and as their client you are most likely not ever really taking a position in the stock, equity or index they are offering to you. This idea allows you to beat the market maker to be early before too much interest has built up in the index constituent and gain a successful position whilst minimising your risk. Bulls do not bet the bank as the market maker can shake you out of the position, for example they can push the price much lower if you have a bullish long position. When others try to trade at this low point they reprice the order saying out of time new price etc. This normally happens when the account is close to margin calls or a stop is placed which can be taken out by the market makers. Forcing you to rebuy (if bullish) your position so they have made several pips out of you by doing this. As typically 70-90% of retail traders lose money whilst on leverage this is a very good business for the market makers. Unless you have traded for many many years you may not believe me but from my experience this is true. I mean what makes you think as a retail trader who does this part time, believe they can beat a professional trader who is paid to do this. To be in the top 10% or realistically in the top 5% because sometimes you will lose the trade thats just trading. To balance this you must be in the top 5%. Please if interested search for my next posts to find out which stocks are making Asc Triangles on this index to see if this is fact or fiction! PS I bet there are some I find tomorrow ! Disclaimer: As this is purely theoretical this is not advice. Its just for entertainment purposes only. Positions referred to are bullish or bearish, time will tell.
N
by William_Playfair
NZDUSD → Traders believe in the best outcome. NFP aheadFX:NZDUSD strengthens after a false breakdown. The change of the fundamental background leads to a change in the character of the market. Traders are looking at a breakout of 0.614 and growth in the future, but ahead of NFP... On D1 the price is not going to leave the sideways range yet, as we are told by the false breakdown and return to the channel with the subsequent formation of the impulse. Technically, on H4 a pre-breakdown consolidation is forming and the price is gradually pushing up to resistance, which may lead to a breakout and further growth. Fundamentally, based on previous data, traders expect Friday's employment report to show only 189K new jobs compared to 270,000 in the previous month, and unemployment to remain flat. But it's worth paying attention to the actual data. As a mild reminder of slowing economic growth could weigh heavily on the Fed. Resistance levels: 0.614 Support levels: 0.61, 0.608 Technically traders believe in the continuation of the growth. A break of resistance may trigger a rally. But unpredictable news may change the market mood and in this case active selling may start. Regards R. Linda!
Long
by RLinda
3
TON → Is the coin still bullish? When is $10.00?OKX:TONUSDT still continues to accumulate potential with the purpose of breaking through resistance 7.671 and continuing growth. Bulls are actively defending the zones of interest and continue to hold the positive market structure. Demonstration of a bullish structure. Continuation of upward movement on W1 Earlier, on the background of the general market correction the price formed a false breakout, which did not lead to a break of the bullish structure or to a strong fall. From the area of interest (without capturing liquidity) buyers are actively buying the asset and again trying to return to the resistance retest, which will only increase the chance of a breakout. Fundamentally and technically, TON looks very positive at the moment. But this does not mean that sellers are unable to change the nature of the price movement. Conditions under which the upward movement and positive structure will be broken Resistance levels: 7.671, 8.288 Support levels: 6.727, 6.202 Technically, there is a high probability of a continuation of the upward trend, but there is also a probability of a support break, which will break the uptrend and change the market imbalance. At this point, while the price is consolidating and continues to shrink to resistance, we should consider a bullish set-up. Regards R. Linda!
Long
by RLinda
5