Triangle Pattern Buy Hello Traders! Here is another oppurtunity for a Buy entry on Gold. This trade is A triangle Pattern off of a. 618 Fibb entry level. Dont Forget to like Follow And Give feedback in the Comments below 👇. Enjoy the Trade.
Trianglepatterns
BMW in triangle pattern !BMW is entering the second suwave of the formation of wave c. is currently forming a correction called the triangle pattern. I will enter when breaking subwave d in the triangle and stop loss right at subwave e with RR 1:3. Another confirmation is that there is a divergence on the RSI.
BTC Short to 41k Wyckoff DistributionWe currently are in a Downtrend ( Wyckoff Distribution Mark down ) , The volume is so low there is currently no accumulation or sign of market maker buying, I am expecting a drop test to 41k very soon.
BTC SHORT Descending TriangleBTC SHORT Descending Triangle Currently in a Bear market, This is a Bear flag to my beautiful eyes.
Risk reward 1:2
Gold t0 2150 targetHi
Gold is in ending diagonal with ABC construction. Macd also confirm this pattern.
We are in fifth wave and raise in his channel to 2150 on the end of August.
Have good trend.
NRG triangleInteresting triangle on NRG, definitely worth to watch, energy sector on a good momentum right now, P/E 4, dividend 3.72%
Triangles, triangles and more trianglesOne of the best trading pattern, that you'll find in every market, are triangles. They are amazing because of a few key benefits:
Very easy to spot.
Clear way to measure them.
They are continuation patterns, so you're not fighting against a trend.
They are easy to indicate brakes or fakeouts.
This is a great article about them: www.investopedia.com
Looking at AVAX/BTC we have a beautiful and clear triangle (it can be seeing as a bullish wedge also) that is breaking up the downtrend and giving us the best confirmation we can see: RETEST.
This can mean many things, the altcoin season may be coming soon, confirmation of AVAX strength over BTC and other coins, demostrating the good development of the AVAX network as fundamentals. But we should always have a target in mind.
So, if the retest is validated and we find support in the MA 50 weekly and the bullmarket band we will be targeting the ATH for AVAX and from there confirming the altseason or just a quick movement against BTC.
Remember that for this to happen BTC has to be bullish as, usually, when BTC moves up some altcoins explode.
Triangle breakoutThe triangle breakout pattern in Bank nifty 15 mins TF chart
What do u think the target is??
Will u trade in this volatile market??
Let me know your views on this
Ethereum Classic breaking out?$ETCUSD has broken upwards from a bearish penant, it’s just lacking volume confirming the breakout, and with the overall bearish sentiment in the overall equities markets it may be hard for people to get bullish. We have bullish divergence on the RSI on 30 min, 1 and 2 hour charts and momentum indicator is turning white getting ready to flip green on these time frames.
There are a few roadblocks though, mainly the pesky EMA ribbon that for 30 min and under charts it is climbing through, but higher time frames are giving resistance. If bullish volume confirms the breakout though I’d expect a measured target to the top of the green arrow, around $26.50/coin for around an 8% move to the upside (or downside if it comes back inside and breaks the other way.)
This coin is priced at 1/8th it’s all time high it set in 2021 right now, and has tons of new development bringing users to the undervalued chain. Check out all the new dapps and NFTs at EthereumClassic dot org
If you’re not aware ETC is the original Ethereum but upgraded over the years without ever compromising integrity, decentralization, or most importantly the immutability of the ledgar, like the overlords of ETH did. They have tried to kill this coin so many times but it will not go quietly. That’s why I put all my profits from shorting the stock market into buying the dip!
AVAXUSDT is testing the 0.786 Fibonacci levelThe price was rejected from the daily resistance on 96$ after a false breakout from the dynamic resistance, as you can see from the daily chart.
After the rejection the price retested the dynamic 4h support as new resistance and got liquidity from the new bearish impulse.
At the moment the price is testing the 0.786 Fibonacci level as new support.
How to approach?
We are monitoring the price, we could see a new bounce above the 4h resistance on 69$. If the price will not confirm the flip, we could see a new breakdown and retest of 61$, the dynamic support area.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
BTC Moment of ClarityFinally some market structure...
Bullish
- Inflation happening in real time. Where will people store their money?
- Web 3.0, Metaverse, NFT, DAO's, Country Adoption.
- A,B,C,D,E Pattern Completion
Bearish
- Federal reserve implementing deflationary measures. Interest Rate to Increase. Higher tax. More Regulations.
- A,B,C,D,E Pattern not bullish wave structure.
- Many failed harmonic patterns, divergance, trend line breaks.
Neutral
- 40k an are of historical support / resistance
What will the future bring? Will this pattern be invalidated?
JSWENERGYJswenergy formed a bullish pennant & is trading beautifully inside it & it looks its in the verge of breaking out of pennant because of good volumes in it.
Could be bought at mentioned price with stop loss & targets.
AMC's decreasing triangle - waiting for its breakoutAMC has been providing fake buying signals since last June, which has ended up creating a decreasing triangle composed of a buying zone and a series of decreasing maxima.
Right now, the price of these shares is placed inside of a buying zone, which in a normal situation could entail a buying opportunity. Nevertheless, as the triangle figure is very close to the appex,it is a better option to wait until the price of the shares breaks the triangle in any direction. Once it breaks, operating in the direction of the new trend could be a potential strategy.
We'll keep track of this share price evolution
VET:USD broke out!!VET broke out of the triangle pattern and retested the resistance line as support.
We are currently hitting a strong resistance zone,
once we get past it we can expect A VERY strong move.
The price expectation for this pattern is 0.35 DOLLAR.
GBP/USD weekly price prediction On Sep 28 price finally, break the long term triangle pattern from Jul 20. After that, the price continue with a strong bearish trend also on Sep 29, however the price last 3 days reverse and again test triangle pattern as supply zone as it is shown on the chart above.
If the supply zone at the area of 1.3650 will hold, we can expect that the price will continue to the downside and reached the first support at 1.3400 in the next few days.
DIXON - Strong Breakout - DIXON
- Clean Breakout forming a Triangle pattern
- Breakout from previous resistance at 4690
- Supported with Increasing Volumes
USD/CAD Technical AnalysisUsing the range between 1.26 support and 1.27 resistance, price has formed a triangle pattern and broken and retested the descending trendline. Coming off of the 0.618 level of the fibo, I expect this pair to ride to the previous high and major resistance which is the 1.29 area again. I have put my sl beneath the 0.618 level but I do not believe it will break the previous low of 1.2610 before going to the target area.
AAL False Breakout of September ChannelAs AAL is stuck in a decending Triangle it looked hopeful on Thursday for a breakout. Unfortuntly the market did not agree forcing it lower for the month.
AAL will now open in the middle of the September channel.
Depending on market open reaction I expect it to test the restances at 19.66 19.83 - or - test the support at 18.94. There should be a Reversal play either way.
The big support can be found on the monthly at 18.27 Alerts
Ultimatly I am looking to short to complete the daily triangle soon.
UNI/USDT { bullish bearish expanding triangle pattern }!!!!Hello Dear Traders!
There are two possibilities:
1_ The correction wave is likely to be three-part = { ABC} and then the impulse wave begins and finally experience the rising price.
2_ the correction wave is ABCDE and then the impulse wave and then we'll see the price drop.
Tomorrow and the day after tomorrow will make future events clearer BINANCE:UNIUSDT
what's your idea, Leave a comment and share your idea.
thanks 🙏🌹
False breakout or Bear dominance?The price had break out through the channel over the past two days but it has retrace back to the channel for now.
As the price continue to rebound respect to the rising triangle pennant, the market direction are still yet to decide.
USDCAD H4 PROJECTIONReason:
1. Price trading inside expanding triangle
2. 4H break of structure
3. Mitigated 4H OB
4. Price bounce off at TL support
