CADJPY short bearish push expecting
OANDA:CADJPY short bearish push expecting here, analysis is based on DESCENDING TRIANGLE
SUP zone: 110.100
RES zone: 109.000, 108.800
Triangle
EURAUD: Your Trading Plan For Next Week ExplainedEURAUD is currently in a long-term uptrend on the daily chart.
At the beginning of the year, the price created a large ascending triangle pattern, which is a common bullish formation.
A significant bullish signal would be a breakout above the resistance line, which acts as the neckline of the pattern.
Confirmation of buyer strength and a continuation of the bullish trend would come with a 4-hour candle closing above this level. The next target for the price would be 1.6761.
GBPUSD → Consolidation in the selling zone held by bearsFX:GBPUSD made an attempt to grow, but could not overcome the bears' pressure zone. The reasons for the growth are the dollar correction, which was short-lived. The main trend is not broken.
On D1 the price after breaking through the key support at 1.25 tested it already as resistance within the correction. A false breakout of resistance is formed and price consolidation in the selling zone. The sharp impulse was related to the dollar, which fell after Trump's comments on rumors related to his policy. The dollar returned to the upside creating another bout of pressure on GBP.
Technically, the main trend is bearish. The price is in the selling zone and bears are not ready to give up their positions.
The risk of trend change may come after the breakout of 1.26, but it is too early to talk about it...
Resistance levels: 1.2575, 1.26
Support levels: 1.2488, 1.2449
The price is trying to consolidate in the selling zone, which generally indicates which way the market intends to go. Bears are increasing pressure and if they keep the price below 1.2488 - 1.2449, we will see a fall in the short and medium term.
Regards R. Linda!
Bitcoin can exit from pennant and then start to growHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a few moments ago broke the resistance level, which coincided with the seller zone and continued to move up next. Price rose to 108300 points (New ATH) and then started to decline in a triangle. In a short time, BTC fell to the 101800 level, broke it again, and then made a retest, after which continued to move down. Later, the price fell to the support level, which coincided with the buyer zone, and then bounced up, but soon turned around and declined back to the 93400 level. Then BTC turned around and rose to the resistance line of the triangle and then started to fall to the buyer zone. After it reached this area, the price some time traded inside and then rebounded up, thereby exiting from the triangle and continuing to grow in the pennant. In a pennant pattern, Bitcoin rose to the seller zone, after which it turned around and dropped to support line of this pattern. Recently it rebounded and now I expect that BTC can fall a little more, even exit from pennant, and then turn around and start to grow. For this case, I set my TP at 99000 points. Please share this idea with your friends and click Boost 🚀
ADA/USDT A Bullish Bounce on the Horizon ?The chart shows Cardano (ADA) pulling back to retest the breakout zone, presenting a potential long opportunity if support holds.
Key Observations
1. Retest of Pattern: ADA has broken out of a pattern and is now retesting the breakout zone, which aligns with a critical support area.
2. Support Zone ($0.90–$0.88): This is an important level where price is likely to bounce if buyers step in.
3. Bullish Confirmation Needed: Waiting for a bullish candlestick pattern at this level would confirm a potential reversal.
4. Target Levels: If the bounce occurs, the immediate target would be $1.00+, with further potential upside depending on market momentum.
Strategic Implications
Monitor the $0.90–$0.88 zone for bullish signals.
Enter long positions upon confirmation of a bullish candlestick pattern.
Stop-loss placement below $0.88 to manage risk effectively.
ADA is at a crucial retest point. A strong bounce from support could provide a profitable long setup with targets above $1.00. Keep this pair on watch for confirmation.
Triangle count for XRP and what it would mean EW wiseIf XRP is going to continue to respect the triangle, we should see another rejection around $2.45. Then a 3 wave move back down to the $2.10 area, though Wave E’s are allowed to be shallow and aren’t required to touch the bottom trend line. If you think Market Makers want to continue to draw out the correction to exhaust the bulls even further, then you likely lean towards this count.
Also, a triangle correction here would give me confirmation that we only have one more push up - AKA the final 5th Wave. You can’t have a triangle as a Wave 2, only Wave 4’s. It would also mean this is the same Wave 4 triangle as 2018-2024 range, just one degree lower/smaller.
This would mean we are about to start the 5th wave of the Super Cycle Wave 5.
If XRP rips from here, then I’ll leave open the possibility that the current correction could be either a Wave 2 or a Wave 4.
Watch out for this symmetrical triangle patternANF tried to break triangle with upward breakout, but rebounded. It's very close to the end of the triangle. So watch out for breakout in either direction.
Once breakout is confirmed, for upward breakout, immediate target will be $180+.
For downward breakout, around $110
COMRADE APPLIANCES likely a multibaggarstock gave a BO & has good fundamentals
For a successful breakout, we should ideally see a strong 1DAY candle on our chart—it’s crucial to use that timeframe.
Following the breakout, the ideal entry point would be after a consecutive candle that breaks above the breakout candle
As always, remember to do your own research before making any investment decisions!
ATH Elliotwave idea - The end of the cicleMy Elliott Wave Count and its Implications for the End of this Cycle
This is my bullish scenario where the highs were not breached and the last 5th wave was not truncated. It's important to acknowledge that this 5th wave, the 'Trump pump,' was significantly extended and impulsive compared to wave 1, the beginning of the cycle. Typically, the 5th wave exhibits characteristics similar to the 1st wave. However, in this cycle, the 5th wave more closely resembles the impulsive and extended nature of wave 3.
In this scenario, we can anticipate that this 5th wave, the last major wave, might have been extended, as illustrated in this idea. However, it's crucial to remember that a significant downtrend could ensue if we lose the 85k level. A retracement from that level might necessitate a re-evaluation of the Elliott Wave count.
S&P 500 Triangle CoilS&P 500 is coiling up for a break out. Most likely bullish. Thrusts to the downside are diminishing in quality and magnitude (less effort less distance traveled). Need to see the quality of the bounce here to see the bull response at these levels before getting long.
Market is looking for a catalyst to break out to one side or another.
British bond yields breakoutBritish long bond yields, in this case 30 year yields are breaking out from a long term ascending triangle pattern. Higher long bond yields tend to translate to higher interest rates so if this trend continues could impact the housing market and the overall economy of Britain.
GOLD - Price can rise a little and then start to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price declined inside falling channel, where it fell to support line and then rose to resistance line.
Then Gold fell to $2615 support level, after which made a strong upward impulse, thereby exiting from channel.
Also later, price broke $2665 level and then rose to $2726 points, after which started to trades in triangle.
In this pattern, price dropped to support line, breaking $2665 with $2615 levels and then trading between $2615 level.
Later Gold finally broke $2615 level and rose to resistance line of triangle, after which made correction.
Now, I think that price can rise to almost resistance line of triangle and then start to decline to $2615 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
ALGO's expected movement!BINANCE:ALGOUSDT
ALGO is in a symmetrical Triangle which means we can't be sure of the coming movement. BUT! Ichimoku cloud shows a positive sign to us which means the price can increase to the top of the pattern easily👍
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AVAX/USDT Weekly Symmetrical Triangle FormationThe chart illustrates a classic symmetrical triangle pattern on the weekly timeframe, suggesting a period of consolidation before a potential breakout. The price is holding above the 50-week moving average (MA50), reinforcing the bullish outlook.
Key Observations
The symmetrical triangle indicates indecision in the market, with buyers and sellers converging.
Holding above the MA50 signals strong support and a likelihood of upward momentum.
A confirmed breakout above the upper trendline will validate the bullish scenario and trigger significant upward movement.
Targets Upon Breakout
$61 - $149
Strategic Implications
Patience is key. Monitor for a breakout with strong volume confirmation above the triangle's resistance. Failure to break out may result in continued consolidation within the pattern. This setup offers significant potential for medium to long-term gains if the breakout materializes.
4031: Penant/Triangle Breakout4031
Triangle Consolidation Breakout
Wait for retest to take new entry (conservative)
Trade with proper SL
BTC/USDT Pullback to Key SupportThe chart highlights Bitcoin's breakout from a symmetrical triangle formation, followed by a pullback to a critical support level. This price action indicates a period of consolidation before the next significant move.
Key Observations
1. The breakout from the symmetrical triangle has propelled the price upward, signaling bullish momentum.
2. The area around $97,100 is a crucial support level where buyers may step in.
3. A breakdown below $97,100 could lead to further downside, indicating a continuation of the pullback.
4. If the price holds above this support, a strong bounce and continuation of the uptrend are expected.
Strategic Implications
Monitor the $97,100 level closely. A strong defense of this support could provide an opportunity for long positions, targeting the next resistance levels.
Conversely, a confirmed break below $97,100 would warrant caution, as it may signal further downside.
Patience and careful observation are essential to capitalize on the next move effectively.
Buy & Come in JanuaryLupin Fut broke out of triangle pattern on daily charts with decent OI build up suggesting long build up.
Risk:Reward = 1:3
Could be bought with mentioned stoploss & target.
$NASDAQ:QUBT breaking out of ascending triangleLooks like NASDAQ:QUBT is breaking out of an ascending triangle with a $20 upside target.
Confirmation will be the amount of volume traded on the day and if it stays above the $19.88 resistance line.
BLASTSunpharma is about to break above strong & multiple resistance zone of 1830 with huge OI suggesting Long Build up.
Risk:Reward = 1:2
Could b bought above 1830 with mentioned stoploss & target.
symmetrical trianglehi we have a symmetrical triangle that has broken the lower line of triangle and the last pivot of triangle and we hope that the price going down to 0.00001981 or more to 0.000195.
Alphatec Holdings Inc. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Alphatec Holdings Inc.
- Double Formation
* 012345 | Completed Wave Count Survey
* (Neckline) At 7.00 USD | Subdivision 1
- Triple Formation
* 7.50 USD | Area Of Value
* (Triangle Structure)) | Uptrend Bias | Subdivision 2
* 3X Retracement Numbered | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
EURJPY Scenario 2.1.2025In this market we can see an expanding triangle that has just completed wave e now it depends where the market decides to go we still have two options one is that the price will return back to the support at the price of 164.230 where there is also 0.5 fibo from the previous wave or the price will break through and go for tp to fibo levels 0.618 or 0.786
