Trianglebreak
LTC/USDT : Broke below the triangle ! BINANCE:LTCUSDT
Hello everyone 😃
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$LTC has broke below the formed symmetrical triangle ( kinda like bearish pennant actually ) and now it just retests the broke trendline.
Into macro bias has turned fully bearish; But there can be a spike into the triangle as the last dead cat bounce !
However I would like to add my short here and follow my aimed targets; But also you can wait for another break below the support zone to confirm the bearish bias even into micro terms...
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Looking great in 1DTF#This triangle pattern is looking very great and this looks like it's gonna break upwards once the market conditions are settled.
#The stock also posted good Q3 numbers.
#Don't forget the big wick formed today, just wait for the strong close upwards that sustain at least for 2 DAY candles.
VEDANTA LTD 1:4 PRICE ACTION SETUPNSE:VEDL broke out from a symmetrical triangle pattern after consolidating in it for 4 months.
Bullish signs:
Good breakout volume.
Very few wide range red candles inside the pattern.
Recent support from 30 week EMA.
Strong demand at the trendline indicates the possibility of price going higher.
Scrip has already given a 140% returns in the last year.
Wick on the breakout candle suggest there can be some consolidation before the momentum is released.
One can take a swing trade with a tight stoploss and aim for a 1:4 risk reward setup.
BEWARE, THE PROBABILITY OF THIS TRADE BEING SUCCESFULL IS ENITRELY DEPENDANT ON THE TREND OF NIFTY. IF NIFTY CONTINUES TO BE BEARISH, THE STOP LOSS WILL BE HIT WHETHER IT BE A TIGHT ONE OR A DEEP ONE.
One can just keep this stock on their watchlist instead of entering on the close.
Targets: 400/430/470+
Place tight sl below 330
Position size accordingly if an entry is taken. HAPPY TRADING!
Jasmy Coin Update - It's all about the big dawg, Bitcoin#JasmyCoin #Jasmy #JasmyArmy
Jasmy has pumped many times for us and provided us with some good profits. However, entry at this point all depends upon Bitcoin price action. Jasmy could drop to 3.9 cents. Personally, that's where I will be looking for entry with one big exception ...Where is Bitcoin at? What is Bitcoin doing?
DAX -DE40 TRIANGLE TRADING SETUP + possible BREAKOUT LEVELSThere is a nice formation on the DE40 - DAX chart. You can trade inside the triangle. We hit strong support, and we are climbing higher. Let's see if we can break the bearish TL.
GATI LTD PRICE ACTION SETUPNSE:GATI broke out of an ascending triangle and gave retest 2 times.
Breakout volumes and volumes on the buy side are significantly more than the selling/retracement candles.
A trade can be taken after price crosses and sustains 220 levels.
Targets: 250/300
Place a deeper sl below 185
1:2 RR, high probability trade.
Position size accordingly. HAPPY TRADING!
Time To decide For Goldhello everybody
its time for Gold to break this big triangle with an uptrend or downtrend
red arrows are so importand to get position
if top trendline breaks you can wait for pullback and get buy position
and if breaks downtrends you can wait for pullback and get sell position
i hope you enjoy this
ty
KOTHARI PETROCHEMICALS BREAKOUTNSE:KOTHARIPET broke out from the triangle pattern after consolidating in it for 5 months.
The closing of the breakout candle is strong and volume burst is significant.
Buy 90% of your position if it breaks 71.4 level and sustains in 15min timeframe. Enter with 10% position after some sort of dip or retrace.
Stoploss marked on the chart. Placed below the pattern.
Follow strict risk management. Happy trading!