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Triangle

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
HUT - Asc Tri break out with second breakout about to happen ?Bullish case - We have two Asc Tria breakouts going on here - another one for you! HUT has a history of triangles performing technically so that's a nice piece of supporting evidence The sector seems to have formed asc triangles BTC making a pause / sell off would create possible chance to pick up at lower prices for another leg down or we have a break higher and off we go! Not financial advice just for interest
NASDAQ:HUTLong
by William_Playfair
PANW Ascending Triangle Break OutPANW has a really beautiful setup. The weekly chart shows us a inside weekly hammer candle at the highs of that mother bar. We have the rest of the gap to fill above. The daily chart provides continuous bullish price action (ascending triangle), looking to break and hold above $342.44 resistance level. If we can continue upside, I've provided some targets to go after. Looking to open some swing calls on this, Possibly $355c or $360c 7/19 exp. (short swing) If this breaks below the trend line support + below $338.48 (PDL), then this thesis is invalid.
NASDAQ:PANWLong
by AftaShock
1
Netflix Descending Triangle BreakoutThank you everybody for dropping in on this trade idea setup in Netflix. Bullish descending triangle continuation pattern developing here looking like it's about to burst for next week or maybe this Friday as long as the market keeps going up. I want to make sure that I'm getting into these mega cap stocks because that seems to be the only thing that's really on an uptrend and making plays that are multi day uptrends. Another stock I'm looking at is Amazon because it seems to be basing out but I want to wait a little bit until after I get into Netflix before I jump into any other trades since I have a good amount of position size already allocated in my entire portfolio.
NASDAQ:NFLXLong
by PappyTrading
Gold Analysis==>Falling ScenarioGold is moving in the Resistance zone($2,373-$2,354) and Ascending channel . According to the theory of Elliott waves , it seems that Gold has succeeded in completing the Zigzag correction(ABC/5-3-5) . I expect Gold to attack the Support zone($2,338-$2,318) in the coming hours after breaking the lower line of the ascending channel . Note: If Gold can break the Resistance zone($2,373-$2,354), scenario will be changed. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
5
PRM - 3 months ASCENDING TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
PLong
by TheArtOfCharting
SARKY - 5 months ASCENDING TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
BIST:SARKYLong
by TheArtOfCharting
Alikze »» PENDLE | Triangle corner pattern🔍 Technical analysis: Triangle corner pattern - According to the analysis presented in the previous post, after the inability to break the supply zone, it faced a correction and fell to the green box, which is currently a resistance to continue the path. - Currently, a corner pattern is formed in the daily time frame. - But now it can have two paths. 💎 First scenario : after a dynamic trigger retest, this failure can occur from the bottom and continue until the origin of the movement of the 3.90 correction range. 💎 The second or alternative scenario : if it can break the supply zone with buying pressure and retest the upper supply zone after hitting the dynamic trigger with a pullback to the supply zone. 🛑 Resistance range: 5.07 - 5.46 🟩 Support range: 3.90 »»»«««»»»«««»»»««« 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