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Trianglebreak

Tesla - Is It A FakeoutHello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: After Tesla broke out of a long term triangle formation in 2019 we saw a pump of +1.500% towards the upside. Tesla is currently once again forming a (bullish) triangle pattern but broke short term support towards the downside. If we see a retest of the bottom of the triangle which I mentioned in the analysis, I am looking for longs to capitalize on a potential bullish rejection. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by basictradingtv
3
Buy GBPJPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe displays a bullish signal through a recent upward breakout from a symmetrical triangle pattern, suggesting a potential buying opportunity. Key Points: Triangle Breakout: The price has been consolidating within a triangle formation characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break above the upper resistance line at 186.30 signifies a shift in momentum towards the upside. Buy Entry: Consider entering a long position around the current price of 186.45, offering an entry point close to the breakout level. Target Levels: Initial bullish targets lie at the resistance levels of 187.45 and 188.05, marking previous resistance zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken triangle at 186.00. This helps limit potential losses if the price reverses and breaks back down.
Long
by KABHI_TA_TRADING
20
Gold - Prepare For The BreakoutHello Traders, welcome to today's analysis of Gold. -------- Explanation of my video analysis: In 2007 Gold started creating a major bullish trendline and just recently retested in in September of 2022. Furthermore Gold has been trying to break above the $2060 resistance area for quite some time now. Eventually I do expect a breakout but we could see another rejection down to the trendline mentioned in the analysis where I will be looking for more long setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
OANDA:XAUUSD
by basictradingtv
3
EURUSD Breakout OpportunityHi Traders! EURUSD is in a descending triangle, and there is a possibility of a break below the trendline support. Here are the details: The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline at 1.07237. Preferred Direction: Sell Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Berkshire Hathaway - BreakoutHello Traders, welcome to today's analysis of Berkshire Hathaway. -------- Explanation of my video analysis: In 2013 Berkshire stock broke above a key resistance area which was acting as resistance for multple years. This breakout was followed by a +300% pump towards the upside. Last month Berkshire stock then also broke out of a long term triangle formation. If we get a retest back to the previous resistance mentioned in the analysis, I will be looking for long-continuation setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NYSE:BRK.B
by basictradingtv
5
Double Bottom Breakout and Symmetrical Triangle = PUMPInternet Computer (ICP) has undergone an extended period of trading within a horizontal accumulation pattern, accompanied by the formation of a significant double bottom pattern with a liquidity grab. Following the successful execution of the double bottom pattern, ICP broke out from the accumulation range, and it is currently trading within a symmetrical triangle. The anticipation is for a potential upward breakout from the symmetrical triangle pattern. 🔄 Horizontal Accumulation and Double Bottom Formation: ICP's extended consolidation within the horizontal accumulation pattern provided the groundwork for the formation of a double bottom pattern. The pattern is characterized by a strategic liquidity grab, indicating a shift in market dynamics and potential accumulation of positions. 🚀 Double Bottom Breakout Impact: The successful breakout from the double bottom pattern signified a reversal of the prevailing bearish sentiment. This breakout is indicative of increased buying interest, potentially paving the way for a sustained upward move. 🔍 Symmetrical Triangle Formation: ICP is currently trading within a symmetrical triangle, marked by converging trendlines that create a triangular pattern. The symmetrical triangle often represents a period of consolidation and indecision in the market, with the potential for a significant breakout. 💡 Anticipating Upward Breakout: The symmetrical triangle pattern suggests that ICP is coiling within a tightening range. An upward breakout from the symmetrical triangle could signal a continuation of the bullish momentum initiated by the double bottom breakout. Traders and investors may anticipate potential higher price levels if the symmetrical triangle is breached to the upside. 🔮 Future Outlook: The technical analysis indicates a favorable setup for ICP, with the successful execution of the double bottom pattern and the current consolidation within a symmetrical triangle. Traders should closely monitor the price action for confirmation of an upward breakout from the triangle pattern. The cryptocurrency market's dynamic nature emphasizes the importance of adaptability and risk management in trading decisions. If the symmetrical triangle is decisively breached to the upside, it may open the door for further upward movement in ICP.
by AlexWhale
Sell GBPJPY Triangle BreakoutThe GBP/JPY pair presents a potential selling opportunity on the H1 timeframe, fueled by a recent bearish breakout from a triangular consolidation pattern. Key Points: Bullish Triangle Breakout: Though seemingly counterintuitive, the price has broken downward from a bullish triangle formation, characterized by converging resistance and support lines. This often indicates a reversal of the prior upward trend and a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price near 187.40, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 186.05 and 185.16, marking previous support zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken triangle at 188.70 Fundamental Updates : Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP and benefit selling GBP/JPY. Thank you.
Short
by KABHI_TA_TRADING
8
Alphabet - Wait For The RetestHello Traders, welcome to today's analysis of Alphabet. -------- Explanation of my video analysis: Back in 2012 Alphabet created a beautiful triangle formation and after we saw the breakout Alphabet pumped more than +750% towards the upside. At the moment Alphabet is creating a solid resistance area at the $150 level. If we get a retest of the bullish trendline which I mentioned in the analysis, I am looking for longs and eventually new all time highs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:GOOGL
by basictradingtv
6
Pfizer - Watch The SupportHello Traders, welcome to today's analysis of Pfizer. -------- Explanation of my video analysis: All the way back in 2012 Pfizer created a massively bullish triangle reversal pattern at the $17.00 level. This was followed by a +200% rally. Since 2022 Pfizer has been dropping significantly and is now retesting the support level which I mentioned in the analysis. If we see bullish conformation on the smaller timeframes, this might be an interesting long trading setup. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NYSE:PFE
by basictradingtv
7
Sell GBPAUD Triangle BreakoutThe GBP/AUD pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downward breakout from a triangular consolidation pattern could offer a shorting opportunity. Key Points: Triangle Breakout: The price has been confined within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.9265 suggests a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price near 1.9265, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 1.9114 and 1.9027, marking previous support zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order above the resistance 1.9400 Fundamental Updates : Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP and support AUD selling against it. Risk-Off Sentiment: A general deterioration in global market sentiment could drive investors towards the safe-haven AUD and put downward pressure on GBP/AUD. Thank you.
Short
by KABHI_TA_TRADING
3
Sell NZDJPY Triangle BreakoutA bearish triangle pattern has emerged on the NZD/JPY 30-minute chart, signaling a potential decline in the pair's value. Key Points: 1. Triangle Breakout Pattern: The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. 2. Sell Entry Opportunity: A break below the lower support line of the triangle, around 90.10, could signal a bearish breakout and offer a potential sell entry. 3. Bearish Targets: If the breakout materializes, initial bearish targets could be found at the support levels of 89.56 and 89.20. 4. Resistance Level: The resistance level at 90.40 may act as a barrier to further upward movement, reinforcing the potential for a downside breakout. 5. Risk Management: A stop-loss order could be placed above the upper resistance line of the triangle to manage risk in case the breakout fails. Fundamental Updates : Weaker New Zealand Trade Data: New Zealand's trade deficit widened in December, potentially weakening the Kiwi Dollar against the Yen. Risk Aversion: Recent geopolitical tensions and concerns about global economic growth could trigger risk aversion, pushing investors towards safe-haven currencies like the Japanese Yen. Thank you
Short
by KABHI_TA_TRADING
1
AMD - All Time HighHello Traders, welcome to today's analysis of AMD. -------- Explanation of my video analysis: In 2016 AMD broke out of a long term triangle reversal pattern. This breakout was then followed by a pump of +5.000%. After the 2022 pullback of 70%, perfectly retesting previous structure, we are not certainly back to a bullish market on AMD. If we see a retracement back to the structure mentioned in the analysis, I am certainly looking for more long setups on AMD. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AMD
by basictradingtv
7
Tesla - Make It Or Break ItHello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: In 2020 we saw a major triangle breakout on Tesla which was followed by an incredible pump of +1.500%. Since 2021 Tesla has been again trading in a triangle pattern with support at the $120 level and at the $200 level. If Tesla breaks above the trendline mentioned in the analysis, I am looking for long setups. But Tesla could still also break below the $200 support area. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by basictradingtv
11
Buy USDJPY Triangle Breakout USD/JPY M30 Triangle Breakout Hints at Potential Upswing A bullish triangle pattern has emerged on the USD/JPY 30-minute chart, suggesting a possible shift in momentum towards the upside. Key Points: Triangle Breakout: The price has been consolidating within a triangle formation, characterized by converging support and resistance lines. This consolidation has now given way to an upside breakout, potentially indicating a renewed bullish trend. Buy Entry Opportunity: The break above the triangle's upper boundary around 148.10 presents a potential buying opportunity. Bullish Targets: If the upward momentum continues, initial targets could be found at the resistance levels of 149.04 and 149.43. Risk Management: To manage potential downside risks, a stop-loss order could be placed below the triangle's lower support at 147.70 Additional Considerations: Keep an eye on broader market sentiment and economic releases from both the US and Japan, as they can influence the currencies' relative strength. Employ proper risk management practices, including appropriate trade sizing and stop-loss orders, to safeguard your capital.
Long
by KABHI_TA_TRADING
3
Alphabet - Watch The All Time HighHello Traders, welcome to today's analysis of Alphabet. -------- Explanation of my video analysis: In 2011 Alphabet stock broke out of a beautiful triangle continuation pattern and created a rally of more than +800%. This pump was followed by a retracement all the way back to the support trendline of 2011. Alphabet is currently creating a triangle formation and if we see a pullback to the uptrendline which I mentioned in the video analysis, I am looking for potential long setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:GOOGL
by basictradingtv
13
Sell USDJPY Triangle PatternUSD/JPY M30 Triangle Breakout Signals Potential Downtrend A bearish triangle pattern has emerged on the USD/JPY pair's M30 chart, hinting at a potential breakdown and further downward movement. Key Points: Pattern: The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates a period of indecision before a decisive move. Sell Entry: A break below the lower support line of the triangle, around 148.10, could signal a bearish breakout and offer a potential sell entry. Targets: Potential bearish targets are located at the support levels of 147.16 and 146.60. Stop Loss: A stop loss can be placed above the upper resistance line of the triangle, around 148.50, to manage risk. Additional Considerations: Market Sentiment: The overall market sentiment and fundamental factors influencing both the USD and JPY will also impact the pair's price action. Economic Data: Keep an eye on upcoming economic data releases from both the US and Japan, as they could influence the currencies' relative strength. Risk Management: Employ proper risk management strategies, including appropriate trade sizing and stop-loss orders, to protect your capital. Fundamental Factors : 1. Mixed US Housing Data Dampens USD Strength: Earlier on Friday, mixed US housing data, including weaker-than-expected housing starts but a surprising rise in building permits, cast doubt on the strength of the US economy and capped gains for the dollar. This could put downward pressure on USD/JPY. 2. Weak Japanese Machinery Orders Add to Downside Risks: Japan's core machinery orders, a key indicator of future capital spending, unexpectedly declined in November, raising concerns about the health of the Japanese economy. This could lead to increased safe-haven demand for the Japanese yen, weakening USD/JPY further. 3. Rising Global Risk Aversion Favors JPY: Heightened geopolitical tensions and ongoing recession fears in some economies are prompting investors to seek safe-haven currencies like the yen. This could contribute to a decline in USD/JPY. Thank you
Short
by KABHI_TA_TRADING
8
Microsoft - Triangle BreakoutHello Traders, welcome to today's analysis of Microsoft. -------- Explanation of my video analysis: All the way back in 2014 Microsoft stock perfectly broke above a major resistance area at the $35 level and entered a +1.000% bullmarket. Over the past three years Microsoft has been trading within an ascending triangle and recently broke out towards the upside. If we see a retest of the breakout level mentioned in the analysis, I am looking for bullish trading setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:MSFT
by basictradingtv
3