$SOUN : WE ARE BREAKING THE SOUND BARRIER! I TOLD YOU LAST WEEK!NASDAQ:SOUN : WE ARE BREAKING THE SOUND BARRIER! I TRIED TO TELL YOU LAST WEEK.
Now you see why the video I posted on Sound Hound AI was TV's Editor's pick of the week!
We are just getting started, though, and now you see how well my "High Five Setup" works!
Almost 10% on the day bang! If your in this name with me show some love in the comments!
The chart shows price targets in Green and the measured moves!
Not financial advice.
Triangle
The last bullish chance of Bitcoin in mid-term !!Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle.
If the triangle breaks, we expect a new ATH to occur, but in new year.
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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!!
Oil Prices Slump as Israel-Iran Tensions Drop: Bears Eye $71Israel's targeted strike, which avoided Iran's energy facilities, is driving crude oil prices sharply lower. After closing Friday at $75 per barrel, prices opened today at $72.61 and quickly dropped to a low of $71. This has created a notable gap between today’s high and Friday’s close, which could be filled if prices rebound temporarily before resuming a potential downward trend.The recent price action has also breached a significant triangle pattern, suggesting a strong downside move.
The trend will remain bearish below $74.32, with sellers targeting $71 and potentially $69.89 per barrel.
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.
The Symmetrical Triangle: Real Success Rates + Breakout.The Symmetrical Triangle: Real Success Rates + Breakout.
The symmetrical triangle is an important chart pattern in technical analysis, deserving special attention from professional traders.
This formation is characterized by a convergence of prices between two trendlines, one descending and the other ascending, creating a consolidation zone where indecision between buyers and sellers is palpable.
Statistical Analysis
Empirical data reveals that the success rate of the symmetrical triangle for a trend continuation is approximately 54%. This percentage, although higher than 50%, underlines the importance of a cautious approach and rigorous risk management in using this pattern.
Breakout Point
The breakout of the symmetrical triangle usually occurs when the price has traveled approximately 75% of the distance to the apex. This point is crucial for traders, as it often represents the moment when volatility increases and a new trend can be established.
Risks and False Exits
It is essential to note that the symmetrical triangle has a relatively high rate of false exits. Statistics indicate that approximately 13% of cases in a bear market can result in a false exit to the bottom. This phenomenon underlines the need for additional confirmation before entering a position.
Strategy of use
To effectively exploit the symmetrical triangle, professional traders must:
-Identify the formation accurately.
-Wait for the breakout near the point of convergence of the trendlines.
-Confirm the breakout with other technical indicators or an increase in volume.
-Put in place strict risk management to protect against false exits.
In conclusion, the symmetrical triangle, although being a valuable tool in the trader's arsenal, requires a methodical approach and a thorough understanding of its characteristics to be used effectively in a trading strategy.
APEUSDT -1H BEARISH CROSSING of EMA 100/200APEUSDT -1H BEARISH CROSSING of EMA 100/200
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APEUSDT -1H BEARISH CROSSING of EMA 100/200
APE has corrected 78% of the previous push and should be enough to launch a new bullish impulse. However, everything points to it continuing to fall:
BEARISH CROSSING of EMA 100/200
TRIANGLE pattern with decreasing highs...
LEVELS:
TP: 1.31
SL: 0.75
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I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
Solana's Ascending Triangle Sets $249 Target, Raising the StakesLast week, we noted that Solana triggered an inverse head and shoulders pattern by pushing higher on Sunday, October 20. This pattern has a target of $201 per coin. Interestingly, the price reached as high as $178 before being rejected lower, forming a lower high than the high from July 28. We can now draw a descending trend line by connecting the highs from March, April, and July and the recent high on October 24. Support runs through the September 6 low at $120 per coin. Together, these lines form a bearish descending triangle.
What's interesting is that Solana's price is now testing the trend line of this pattern. If it breaks above, the pattern suggests a potential target as high as $249 per coin—a strong 39% gain. However, trading a breakout from the descending triangle trend line is challenging, yet with the smaller inverse head-and-shoulders pattern, triggering this pattern becomes more plausible. Additionally, Bitcoin's strong upward momentum is providing further support.
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.
DC. Several patterns indicates moon.Descending global channel, which has been the main one in the trend formation for the last six months, has been broken. Now, based on several patterns, we can assume that the trend is broken and the moon will coming soon. Potential formation of a golden cross, equilateral triangle, a descending wedge - will probably throw the price above all trading levels. Get ready, accumulate more.
GBPJPY → Buyers increase positions to break 195.5 ↑FX:GBPJPY continues to climb purposefully towards 195.5, forming a consolidation in the form of an ascending triangle. The goal of this maneuver is to break the resistance with further continuation of the upward movement...
The bulls are trying to keep the defense above the key support at 193.5. The change of the fundamental background for JPY strengthens the sales of the national currency, which favorably affects, in our case, GBP. As a consequence, the market starts testing 195.5 with the aim of a breakout. GDP in UK remained at the same level of 0.2%. There is important news ahead - PPI. Based on the previous economic data, we can assume that PPI will also support the dollar, which will negatively affect the JPY. On the background of this influence, the bulls will be able to overcome the key resistance.
Support levels: 193.5, 191.7, 190.0
Resistance levels: 195.5
The acutal situation on the chart is directed towards the continuation of the movement. The market structure is changing, the fundamental background is on the side of the buyer. We are waiting for the breakthrough of the key resistance (trigger) and the continuation of growth...
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPJPY ;)
Regards R. Linda!
The Symmetrical Triangle on the monthly logchart w/ a $10 targetQuickly reaching its Apex. Reaching the target of this triangle should trigger the breakout on all the triangles / pennants / c&hs / and flags that are even bigger than this triangle and eventually get us to even higher targets as well. *not financial advice*
Swing | Descending triangle breakout | BULLhi traders,
There is a swing in daily timeframe.
At the same time frame there is a descending triangle pattern, here this triangle breakout is a trend reversal confirmation.
Overall the trend is BULL in both Weekly and Daily timeframe.
04% - 10% rally towards the target 1 and target 2.
FNO strategy : Go for the ATM CALL option & Protective PUT.
sbull.co
sbull.co
BREAK THROUGH SUPPORT OR RETEST looks like audcad has come to retest the 0.91650 support level for the fourth time with a good chance of a breakthrough towards the downside, although there is some rejection on the 1 hour time frame meaning some pullback, but on the daily time frame we could see break through the downside as volume seems promising
NVEE - 17 months DESCENDING 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 🤝
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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"
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⚠ DISCLAIMER ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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1952 - 2 years 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 ⚠
Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk.
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Flag pattern breakout Swing TradeThe stock has demonstrated a flag pattern breakout, supported by impressive volume, indicating potential upward momentum. Additionally, a triangle pattern breakout has emerged, further strengthening the bullish outlook. This breakout was marked by a solid bullish candle, backed by robust volume, underscoring positive sentiment. In today’s challenging market environment, this bullish signal has caught my attention as a good opportunity.
Bullish Setup for $SOL After Key BreakoutBINANCE:SOLUSDT is currently approaching a key descending trendline after testing a significant supply zone (in red). The price is consolidating near this level, and we are now waiting for a potential breakout above the trendline for confirmation of further upside.
Suggested Entries and Targets:
Entry Zone: $162.45, watching closely for a breakout above the supply zone with confirmation on HTF.
TP1: $175.54 - First target after confirmation of the breakout.
TP2: $188.36 - Second target as the bullish momentum continues.
TP3: $210.07 - $212.46, targeting liquidity above the next major resistance levels.
SL: Below $150.44, to minimize downside risk in case of rejection at the trendline.
We are looking for signs of strength at this key level. A clear breakout and retest of the trendline could signal the start of a strong bullish move.
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As always, stick to your strategy and do your own research before any entry.
PYTH Network Looking for Breakout1. Pattern
Symmetrical Triangle: The price is forming a symmetrical triangle, which is characterized by a series of higher lows (ascending trendline) and lower highs (descending trendline). This is typically a neutral pattern, meaning the breakout direction is uncertain, but it often leads to a strong price movement.
2. Breakout Potential
The price is currently approaching the apex of the triangle, which suggests that a breakout is imminent. The chart shows a projection of a bullish breakout, where the price could rise toward the next key resistance level near 0.4800-0.5000 USDT.
3. Support and Resistance
Support: The ascending trendline, which has been holding since the lows of mid-September, currently provides support near 0.3300 USDT.
Resistance: The descending trendline has been acting as resistance and could break around 0.3800 USDT. If this resistance breaks, it could trigger the expected bullish movement.
4. Volume
The volume bar shows increased trading activity, which is often a sign of preparation for a breakout. If the breakout is accompanied by a volume surge, it would add more conviction to the move.
5. Bullish Scenario
Breakout Target: The chart projection suggests that if the price breaks out upwards, it could reach the resistance level at 0.4800-0.5000 USDT. This area could act as a strong resistance where the price might consolidate or reverse.
6. Bearish Scenario
Breakdown: If the price fails to break out to the upside and falls below the ascending trendline (around 0.3300 USDT), the next support could be found near 0.2750 USDT. A breakdown from the triangle could shift the momentum to the downside.
7. Key Levels to Watch
Immediate Resistance: 0.3800 USDT (descending triangle resistance)
Next Resistance: 0.4800-0.5000 USDT (upper resistance zone)
Immediate Support: 0.3300 USDT (ascending triangle support)
Next Support: 0.2750 USDT (previous swing low)
Conclusion
The price of PYTH/USDT is consolidating within a symmetrical triangle and is nearing a breakout point. A bullish breakout could lead to a rally toward the 0.4800-0.5000 USDT resistance level, while a bearish breakdown could target lower levels around 0.2750 USDT. Watch for volume confirmation during the breakout for a stronger signal.