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Triangle

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. ❤️Please, support my work with like, thank you!❤️
BLACKBULL:US30Long
by VasilyTrader
1
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!
Long
by RLinda
26
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
by FOREXcom
(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. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
COINBASE:BTCUSDLong
by CobraVanguard
3
MarketBreakdown | Dollar Index, Silver, EURCAD, WTI Oil Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ Dollar Index #DXY daily time frame 💵 Dollar Index nicely respected a key daily horizontal resistance. We see a nice bearish reaction to that today. Because of the absence of important fundamentals, I think that DXY may keep staying under a bearish pressure. 2️⃣ Silver #XAGUSD daily time frame 🪙 The price action on Silver contracts. The market is currently stuck between 2 trend lines, forming a classic symmetrical triangle formation. Before the release of the news, the market will most likely stay within the triangle, respecting its upper and lower boundary. US fundamentals this week can be a catalyst for a breakout. The side of the breakout will indicate you the future direction of the market. 3️⃣ #EURCAD daily time frame 🇪🇺🇨🇦 The market is approaching a significant confluence zone based on a recently broken horizontal support and a trend line. The broken structures compose a supply zone from where we may see a bearish movement. Patiently analyze the reaction of the price to that on lower time frames and look for a confirmation to sell. 4️⃣ #WTI CRUDE OIL 🛢️ The market is currently stuck between 2 horizontal structures within a narrow range. I will wait for a breakout of one of the structures to confirm where the market will go next. ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
1
HelenP. I Euro will exit from triangle and continue to move upHi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price a not long time ago reached the trend line and then made a downward impulse lower than the resistance level, which coincided with the resistance zone, thereby breaking it. Next, the price formed a gap, after which declined a little more and then rose to the trend line. After this movement, the EUR turned around and started to decline to the support zone, which coincided with the support level inside the triangle. Then the price bounced from this area and tried to grow, but after EURUSD rose a little, it quickly fell back to the support zone. Also recently price rebounded from this area and in a short time rose to the trend line, which is the resistance line of the triangle too. For this case, I expect that EURUSD will exit from the triangle pattern, make a retest, and then continue to move up to the resistance level. That's why I set my goal at 1.0820 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
4
BITCOIN → Liquidation and retest of support. When is 74K?BINANCE:BTCUSD is not ready to pass through 71500 yet and continues the correction phase, testing local lows and liquidating buyers in order to increase the position of a major player. Consolidation is clearly visible on the higher timeframes. The resistance area of 71500 plays an important role for the market, a breakout and consolidation of the price above this area will mean that the market is ready to go higher than 74K, but, the market has not yet gathered the potential and, therefore, the consolidation continues. Bitcoin is currently in the range of 71500 - 64500. It is worth paying attention to the upward support, marking a bullish trend, and the 64500 area. The bulls will actively defend this area and if they fail, the price will head towards 61500 - 59000, 56400, but the most likely scenario is a false breakdown of 64500 followed by price strengthening to the resistance of the 71500 range. Support levels: 64500, rising line, 61500 Resistance levels: 70000, 71500 The coin continues to consolidate. Sooner or later this phase will move to the phase of realization (distribution), based on the general data it may be growth, but no one excludes dump and retest of lower liquids zones before further growth. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
67
Frankly, I don't feel like explaining, the chart says it all !!Hi. BYBIT: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
1
GOLD - Price can correct to support level and then start to growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A not long time ago price moved up inside rising channel and later reached $2365 level, and soon broke it. After this, price entered to triangle, where it at once made downward impulse, thereby exiting from channel. Also, price broke $2365 with $2310 levels and fell to support line of triangle, after which bounced up. Price broke $2310 level again, but later fell to support line again, after which made upward impulse, exiting from triangle. Then Gold reached resistance level, but recently turned around and fell almost to support level. Now, I think that Gold can correct to support level and then start to rise to $2365 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
2