SHORT TO LONG TO SHORT :) A nice example of connecting patterns on different sized candles
On the 4H candles we can observe a triangle, after breaking through which we started to form a falling wedge on a smaller timeframe (15m). While the wedge was broken, a lesser-known dragon pattern was formed (I'm just starting to study it .. thanks to @sylviasylvia .. ) whose last target is located on the retest of the triangle, where there should be a second chance to enter the short .. BINANCE:1INCHUSDT
Trianglepattren
TSLA
Descending Parallel Channel Breakout on Daily Time Frame
Retesting of breakout in Progress
Further confirmation after formation of HH (breakout of previous LH = 201)
Lower Timeframes (Hourly/15 min) show Triangle pattern
Watchout for Breakout
Entry with stop loss
Ride the trend with trailing stop loss
FTMIn order to understand this analysis I must explain The green ABC inside of the circle, the yellow 5 up below the A wave inside the circle. Also The red ABC down and the green B inside the circle. Also the Blue line & the triangle.
1st my HTF analysis is that FTM is inside of a bearish ABC up on the monthly TF. A zig zag on weekly TF will create the waves on the monthly TF . 5 up for wave A inside of the green circle ended in 2021 & started in 2020 closing that TF off and making the highs above $3 last year. Wave A
2nd green B wave inside the circle (currently finishing in 2022) the red ABC down will make the B wave on the monthly TF , 618% green fib level or more likely 786% is a perfect area to find support for a B wave on any TF. Wave B
3rd blue line from bottom of the triangle points directly at the 786% and is measured from height of top TL down to bottom TL of the massive triangle correction. This shows that a big move down is likely.
After we confirm the B wave on HTF monthly chart between .07 to.01c we can plot wave C on the HTF which is not visible in my chart. But if I had to project or forecast this future PA I would say C wave can easily do a 1 to 1 fib extension from the top of the green A wave on the HTF , down to green B wave HTF & we get a target around $30-$34 into 2024.
Also this chart is Log scale as per my preference with EW..
BTC 4H perspectiveHello everyone.
today im going to show you an ending correction pattern i seen in BTC chart.
as you can see in my chart , an excellent Elliot triangle shaping.
with ABC branches and longer C wave.
according to triangle rules maybe this pattern ends with a little triangle too
as i iilustrate in my chart with White color.
after that its important where the price go.
i mean it will breakdown the triangle but the path i show on chart is my guess.
tomorrow we have some important economic indexes in canada and australia that may lead the market
or crash it down in short term
indexes like Australian Balance of Trade
and Canada Retail sales.
forecasts are hopeless but if they come out better its good news.
in addition you see RSI indicator below my chart and it bounce back to its 200MA and become stronger.
and like any time , dont forget to set a good SL to manage your risk.
trdaes without SL are already failed
hope you like this post
please share me your opinion.
please notify me about my mistakes and grow my experience.
thank you all for reading my idea
The magic triangle of investingIdeal investment instrument = highest return, lowest risk, highest liquidity.
Risk and uncertainty are an integral part of investment projects and are an important component of investment decision-making. In fact, the connection of return, risk and liquidity represents the magic of the triangle . More precisely, their combination is the result of trying to achieve the best result on one vertex, which results in a loss on another vertex. For example, the best result on all three peaks cannot be achieved simultaneously.
This is the basic principle of how investing works. Also, it is popular as the "alpha and omega" of investing. It consists of return, risk and liquidity - three factors that you should take into account in every investment in the financial market.
Return
The return is one of the three peaks that influence the investor whether to buy the given asset or not. Under income, we include all earnings of an investment from the moment we put funds into it and it lasts until the time of the last possible income from this investment.
Most investors seek to maximize return, given the potential risk and liquidity. However, investment return isn’t guaranteed in most stocks. It is also necessary to distinguish between historical (ex post-was or could have been achieved) and expected return.
Liquidity
The term liquidity refers to the speed with which we are able to exchange our investments back into cash at the lowest possible transaction costs. However, the degree of liquidity depends mainly on the financial instrument itself and the nature of the market. In fact, it is reasonable to know the degree of liquidity, especially when investing. Investors look for goods that are highly liquid, so that in case of a sudden price reduction, they can sell the goods before the prices hit the bottom.
For some types of assets, their liquidity is determined by contractual conditions such as the period of deposit in term deposits. Yet with most financial instruments, the degree of liquidity of the given financial instrument is conditioned by the demand and supply for it.
In addition, there is an opinion that the rate of return corresponds to the risk. Different instruments – different degrees of liquidity – in different markets. Highly liquid are foreign exchange markets, financial derivatives markets, and government bonds. For example, the most liquid assets are shares, where there is no problem of converting them into cash on the stock market without major losses. On the one hand, the least liquid assets appear to be the real estate which, in certain cases can even become non monetizable . This means that they have minimal, close to zero, liquidity. On the other hand, the higher the profitability of the object and location, the higher the demand for them and thus also their liquidity.
Therefore, every investor should consider the composition of assets with different liquidity when compiling an investment portfolio. Also, they should mind the fact that they keep a certain part of the funds as a financial reserve, whether in the form of cash or highly liquid assets.
Risk
Risk is a synonym for a certain degree of uncertainty related to expected returns. In other words, risk appears as the investor's danger that they won’t achieve the expected return. So, the actual return will be different from the expected one in the future and thus there will be a deviation from the expectation. In addition, risk represents a quantity that is difficult to quantify, as it is influenced by several factors, or their combination. Anyone who wants to invest should determine the maximum level of risk that they are willing to bear and forward. If there is no such thing as the ONE perfect investment, then the logical conclusion is: don't put all your available capital into one and the same investment. Therefore, diversification is the magic word. Those who combine several types of investment spread their risk and fulfill each of the criteria of the magic triangle in the addition of all investments.
4Triangles,Resistance,HedgePoint,Supports & Target with 4$ ruleGuy's
In this (D) Chart my targets are shown with 4Triangles, Resistances, Hedge point & Supports
I see my targets will hit because (D) Chart have touched the support 3 times without
touching the upper band of BB, and at the same time RSI & MACD is also favouring it.
if you see RSI after it got overbought at 81.46 on 8thMarch2022 from their it came back to 23.50
& bounce back, and after that 3 times it stayed above without testing any of these 26.41, 35.70 & 40
Macd took conversion on 20th July2022 which started from 34.85 and till today it didn't tested any of
its drops.
So, these builds up hope that, we are in slow bullish trend which can touch
R1 - 1st Tp 1729
R2 - 2nd Tp 1765
R3 - 3rd Tp 1808
And to be at safe side, i set Hedge Point of 1677 as my entry point for Bullish side, which is 2020 support.
if the price plays below 1677, I will hedge my trade and keep it as it is, until it come back to my entry point.
or i will release my Hedge on any of the below given supports based on upcoming trend analysis
S1 1608
S2 1587
S3 1564
My Target is R1,R2,R3, which will be above the hedge point of 1677.
Regarding 4$ rule, pls scroll down to my previous published charts, you will find it in Idea Titles.
ZYDUSLIFE LONG (INTRADY NOV 7)Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
.
ZYDUSLIFE is in uptrend on daily level and in 15 min it has made Ascending triangle pattern. now on breakout it could move upside. Thank You !
📉✌BTC 2H long Position✌📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hi traders, first look at my previous analysis (linked below).
💥If the price trend does not break the bottom of the yellow zone, a quick long position can have a good chance of winning.
between now and the 2 yellow areas, you can open long position in two steps.
If the price reaches the TP1-TP2 level, you can risk-free the position.
TP1-2-3-4-5-6 are on the chart.
The optimum stop-loss is on the chart.
Please share ideas and leave a comment,
let me know what you think.
CrazyS✌
BNP Paribas (BNP.pa) bullish scenario:The technical figure Triangle can be found in the daily chart in the French company BNP Paribas S.A. (BNP.pa). BNP Paribas is a French international banking group. With 190,000 employees as of February 2021, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking (CIB). BNP Paribas is the largest banking group in Europe, after HSBC, and ninth largest Banking group in the world. The Triangle broke through the resistance line on 04/11/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 37 days towards 52.65 EUR. Your stop-loss order, according to experts, should be placed at 41.53 EUR if you decide to enter this position.
BNP Paribas SA joined European peers in getting a lift from rising interest rates, with higher income from lending and debt trading propelling earnings past analysts’ estimates.Net interest income at the Paris-based bank rose 9.6% from a year ago, and fixed-income trading jumped 25%, just ahead of the average for the biggest Wall Street firms.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
ADANIGREEN is forming triangle patternNSE:ADANIGREEN large cap adani stock is forming triangle pattern.
Cons:
Very high PE ratio - 600
Very high debt to asset ratio - 0.9
News driven stock
Pros:
Adani stock
30% below its all time high
Green energy sector
Not recommended for long term as price can crash any time due to high PE ratio. But good pick for swing with very high risk.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
Symmetrical triangle on Matic/Polygon On Matic has there been a symmetrical pattern formed which shows a 50/50 of the price breaking to the upside of the downside. This said does the price trend show that the price is more likely to break to the downside as the market trend is bearish.
Entry price: In the apex at 0.65.
Stop loss: At 0.67, which is inside the triangle so when the triangle breaks to the downside but after the break to the downside starts trending upwards and is stopped by the stop loss.
Target price: Is extrapolated from the triangle height/the upper trend line and this target price set at 0.349.
This is also 45% gain if the prediction is successful.
TATACONSUM is forming triangle patternNSE:TATACONSUM large cap stock is forming triangle pattern.
This fundamentally and financially strong stock is trading 15% below its all time high, and at the support of the triangle pattern.
Hence it seems like a good opportunity to accumulate.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
Ripple : This seems to be "Absolutely" perfect time for Entry.Hello guys. It's been a little while since we have posted our idea. Here we again giving you sharp and well studied technical analysis once again. Happy to get back to you.
So our today's study will look at the long awaited #XRP breakout. Ripple have been struggling since June 2021 and has been in a longer down trend correcting itself with other alt coins. In the weekly chart that we consider to see the possible outcomes in the mid to longer terms Ripple breaked out from the strong resistance line depicted by the upper side blue line. Volume looking goo after a huge amount of cash flowed into XRP and specially the court case that the ripple community won did have a very big impact on the breakout.
- On the other hand MACD50 looking bullish heading to be under the price in the following days if trading will continue to behave the same way as it is now. MACD 200 looking comfortably bullish too which starts to be under the price for the second week in a row after the newly started weekly candlestick.
- At last the falling wedge created seems to be already broken and bulls are having a good positions helping themselves strengthen in the prior 2 weeks.
Conclusion : Considering the longer term investment opportunity we are looking for a very good profitable trading on XRP since it have a good project on hand with a very strong community base. Besides the fundamental insights technically speaking the chart is defiently on favor of the bulls. I will be analyzing the shorter timeframes and will give you some insights about the short term profit possibilities.
Accumulation Area : 0.41 usdt - 0.55 usdt
Possible strong resistance areas to consider a distribution for traders are :
Target 1 : 0.68 usdt
Target 2 : 0.92 usdt
Target 3 : 1.12 usdt
Target 4 : 1.32 usdt
Target 5 : 1.6 usdt
Target 6 : +1.96 usdt
Stop Loss : 0.38 usdt and 0.31 usdt
Thank You For Your Time and don't forget to give a like if you agree with the idea or drop your comments if you don't agree with the idea and lets learn from each other.
With Regards.
Nathnael B.
OLECTRA is forming triangle patternNSE:OLECTRA small cap e-bus stock is forming triangle pattern.
EV related stocks with strong financials are good to average at every dips and wait for good up move on a relevant news.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
📈✌Cardano Daily Long Position: Spot✌📉BINANCE:ADAUSDT
COINBASE:ADAUSD
💥Triangle pattern💥
First, please take a look at my previous analysis and positions.
between now and the red area, you can open a long position in two steps.
If the price rises and reaches the risk-free level, you can risk-free the position.
TP1-2-3 are on the chart.
The optimum stop-loss is below the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
APLAPOLLO is forming triangle patternNSE:APLAPOLLO mid cap stock is forming triangle pattern.
Cons:
Trading above it's intrinsic value.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
XRP/USD Elliott Wave count and trade 4H TFXRP perfect tirangle to trade.
Wave B retrace 0.618 of A, Wave C retrace 0.764 of B, wave D retrace 0.764 of C, expecting to see the E wave fall into 0.618 - 0.764 retrace of D.
0.34 % target for take profit from end of E wave. Stop lose below C wave end.
Aggresivve entry at 0.618 fib retracement of D, a more confident entry will be on the break of BD trend line.
If you like my analysis subscribe for future ideas and hit the like button.
Thank you and good luck!
NBIX: Pharma higher highs!Neurocrine Biosciences, Inc.
Intraday - We look to Buy at 104.23 (stop at 98.97)
A sequence of intraday higher highs and lows has been posted. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 104.00 and should stem dips to this area. Dip buying offers good risk/reward.
Our profit targets will be 120.54 and 128.00
Resistance: 121.00 / 136.00 / 140.00
Support: 104.00 / 80.00 / 55.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.