IUCD - Triangle broken out, revisit to ATH ? IUCD - Triangle broken out, revisit to ATH ?
Bullish case most likely to get there as there are many triangles on this chart
Triangle
GLM - 2.5x from here by end of yr at bottom of TriangleGLM - bottomed and forming Triangle ?
If you are bullish could be a nice entry place with limited downside risk so long as BTC moves back up off its 200 EMA shortly
Is this leading the pack of cryptos up?
GLM has history of exploding out of triangle consolidation and history rhymes
CHFJPY: More Growth is Coming?! 🇨🇭🇯🇵
CHFJPY broke a resistance line of a symmetrical triangle formation
on a daily/12h time frames.
It indicates the strength of a current bullish trend.
The market may keep growing and reach 180.0 level soon.
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EURO - Price can bounce up of support area and exit of triangleHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to rising channel, where it at once fell to support line, breaking $1.0675 level.
After this, price in a short time rose higher $1.0675 level, breaking it again, and continued to grow in channel.
Later EUR reached $1.0865 level, which coincided with resistance area, and some time traded between this level.
Then price made fake breakout of $1.0865 level and made downward impulse to $1.0675 level, exiting from channel.
Also then, price started to trades inside triangle, where it continues to trades near support level now.
So, I think that Euro can fall to support area and then bounce up to $1.0800, exiting from triangle
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Gold's probability of its intraday Liquidity pool. 28/June/24XAUUSD intraday roadmap and its Liquidity pool = stop hunting zone. Probably a reverse head and shoulder pattern.
BTC Dominance at resistance and finishing bearish wave ii This is an update to an old published idea which is the continuation of the elliot wave primary move down in bitcoin dominance, typically coinciding with bullish move in altcoins
CRV analysis: Looks bullish for mid-termLSE:CRV has been consolidating within a triangle pattern for almost four years, and it is now on the verge of breaking out either above or below this pattern. It is most likely to be a bullish breakout, potentially moving upward toward three main targets specified on the chart: $0.90, $1.65, and $4.48 over the next few months.
EUR-USD
The chart for EUR/USD on a daily timeframe shows a symmetrical triangle pattern, indicating a potential breakout. The price is currently at approximately 1.06865 USD, fluctuating between converging trendlines. The upper trendline acts as resistance, while the lower trendline provides support. The chart suggests a possible bullish breakout, represented by a yellow arrow, projecting an upward movement towards 1.09500 USD. Traders should monitor for a breakout above the upper trendline for confirmation of the bullish scenario, or a breakdown below the lower trendline for a bearish outcome
Dollar Index (DXY): Bullish Trend Continues
Dollar Index set a new local higher high higher close
on a daily time frame yesterday, violating a key daily horizontal resistance.
With a high probability, the broken structure and a rising trend line
compose a demand zone now.
The market will most likely keep growing.
Next resistance - 106.3
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XRP: Bullish Setup Emerges - Time to Enter?Hey everyone!
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XRP looks very good in the weekly time frame. As you see in the chart, it is forming a symmetrical triangle-like structure and it is currently trading around the lower trendline of a symmetrical triangle-like structure on the weekly timeframe. This pattern can indicate a potential breakout in either direction, so further confirmation is needed.
Here's what we're watching:
Breakout confirmation: A clean break and close above the upper trendline of the triangle would be a bullish signal, potentially leading to higher prices.
Support holds: Maintaining the current support level strengthens the case for a potential reversal.
Accumulation Range:- $0.42-$0.47
Short-term Target:- $0.56/$0.68
Mid-term Target:- $2
What are your thoughts on XRP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Gold is building a triangle "base". 27/June/24XAUUSD is building a distribution "base" at abcde (blue circled) triangle before a heavy drop following previous DBD ( drop base drop ) pattern in downtrend.
RARE example of diamond - two triangles back to back with targetRARE example of diamond pattern - two triangles back to back with target
Already triggered
will be interesting to see if the targets are met
Aussi equity
SMCI: Breakout Ahead?Daily Chart:
On the daily chart, SMCI is forming an ascending triangle pattern, a bullish continuation signal. The price has been making higher lows, suggesting accumulating buying pressure.
The resistance level around 972.44 is crucial. If the price breaks above this level, it could signal a continuation of the uptrend. However, if it fails to break through, it might revisit the lower boundary of the triangle or even the 21-day EMA, potentially testing investor sentiment and patience.
Weekly Chart:
In the weekly chart, the stock is exhibiting a flag pattern, typically a bullish continuation pattern formed after a strong upward move. The price has been consolidating between the 38.20% and 50.00% Fibonacci retracement levels, which often act as support during pullbacks. A breakout above the flag pattern's upper boundary could resume the prior uptrend, potentially reaching new highs. Conversely, if the price breaks below the lower boundary and the 50.00% retracement level, it could signify a deeper correction, possibly toward the 61.80% retracement level.
Conclusion:
Considering both time frames, SMCI is currently in a consolidation phase with bullish potential. The key levels to watch are the resistance at 972.44 on the daily chart and the boundaries of the flag pattern on the weekly chart. A break above these levels could confirm the continuation of the uptrend. However, caution is warranted if the stock fails to break these resistances, as it might signal a possible retracement or a period of further consolidation. Therefore, monitoring these levels closely will be crucial in anticipating the stock's next significant move.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Dow Jones Index (US30): Your Trading Plan For Today
Dow Jones Index is testing, a recently broken
key daily resistance.
With a high probability, the broken structure turned into support.
Our confirmation to buy will be a bullish breakout
of a neckline of an ascending triangle formation on 1H time frame.
Hourly candle close above 39185 will confirm the violation.
A bullish continuation will be expected at least to 39325.
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GBPJPY → Breaking the psychological level. What's next, 215.0?OANDA:GBPJPY is getting ready to break resistance (ATH for 15 years). In the long term, there is upside potential to 215.8. A strong bullish formation is forming on H4-D1
On the monthly timeframe, price is in the 195-215 range. Bulls kept the defense above the support, at the same time a pre-breakdown setup is forming on the chart, the focus of which is on the resistance at 200.6. The psychological level may be broken in the nearest future, which may provoke the market to active growth towards 202-205, further towards 215 (medium-term perspective).
Japanese Central Bank is not doing well, today we expect news in the US: CPI, FOMC and FED meeting, inflation data is expected to be neutral.
Resistance levels: 200.6
Support levels: 199.9
Technically and fundamentally, the currency pair has a strong bullish bias. If the bulls are able to consolidate above 200, this zone will become a strong support in the medium term.
Regards R. Linda!
AUD/USD Coiling - Will We See an EOM Breakout?AUDUSD has carved out a sideways range between 0.6570 and 0.6710 dating back to early May, and even within that range, the pair has spent the last two weeks putting in a series of higher lows and lower highs.
This price action has created a symmetrical triangle pattern, hinting at a potential higher-volatility breakout heading into the US Core PCE report at the end of the week/month.
A bullish breakout would initially target the top of the range at 0.6710, and further toward 0.6800 in time, whereas a bearish breakdown could open the door for a drop toward 0.6500 or lower.
-MW
TRX - ABOUT TO BREAK OUT OF MULTI YEAR TRIANGLE - Long TRX - about to break out of multi year triangle
limit buys off the BAGL (bottom ascending grindline)
Super relative strength vs BTC atm.
Just keep buying things that keep going up
HDFCBANK..BuyTriangle breakout.....Tgt calculated and posted on chart...For long term...within a year I guess...So buy...and hold
(Update) Bitcoin is Bullish now & many Traders don't see it !!Hello.
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.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
GBPUSD ANALYSISSeeing GBPUSD close really from the previous day though still in a selling type structure and trend on the daily we could see a potential sell off
LSFA shorter-term trade, to ride the fifth wave. Price is printing a triangle, I am targeting $7,5-$7,7.
Strong bullish moves, supported by volume
NzdUsd formed a Triangle pattern to move down. (Swing Setup)Looking for Impulse Down.
NzdUsd getting ready to move down. It completed leg 5 with a triangle pattern. Now it will follow a way to complete another impulse. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
