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Trianglepattren

Nikkei - 4 Hour - Triangle Breakout We're seeing this setup across a few indices but here on the Nikkei we've recently had a completed ascending triangle pattern which has broken to the upside & is now starting to consolidate. My initial prediction was that IF we break to the upside from this ascending triangle THEN we're likely to continue higher. Now the question is IF we're likely to continue higher THEN where are we likely to go & how are we likely to get there. The answer to the first question is our most recent major level of structure resistance & the answer to the second question is either by a pullback to previous structure resistance (now turned potential support) or by the formation of a high & tight flag pattern followed by another breakout. Hope this idea was helpful. if you have any questions, comments or want to share your opinion fee free to leave them in the comment section below. Also, if you're around I host a TRADE OF THE DAY Live Stream here on Tradingview each Tues, Wed & Thurs at 7:30 am NY, 12:30pm UK time. Feel free to join the discussion. Akil
FX:JPN225Long
by Akil_Stokes
USD/CAD -15/07/2022-• Falling oil prices, massive USD strength underpins the pair's bullish move • Following recession fears, oil prices are trading sharply lower in the recent days and are now back to pre Russia-Ukraine war • Higher demand for safe haven USD, is putting pressure on all the pairs across the board • As a result, Loonie is losing strength against the Greenback, trading back above 1.30 • Hawkish BOC rate hike failed to convince bears, which surrendered shortly after reaching levels near mid 1.29s • In my recent posts, I highlighted a bullish ascending triangle pattern and stated that a successful, clear break above it would trigger a massive rally of the pair • So far, the breakout is successful thus I am expecting further rally towards 1.3630 level, a previous resistance that held prices twice in 2018, which also coincides with the 61.8% retracement level of the 2020-2021 major decline • Bullish trend remains intact as long as above 1.2950
Long
by RamziAbouAbdallah-CMT
Triangular Apex TheorySo, some boredom just watching the market develop any short-term direction, and was messaging with a few other traders. Had a few people ask me for a more in-depth explanation on the whole triangle apex theory thing. I run through the last triangle we were in, and this current one, and break down the math involved in using them. I'd say they tend to be over 80% correct, and usually when they don't work out, I find that it was my own error. I again, don't trade off of these. I trade off of trends, but like any indicator, I use them to assist in my trading. So, feel free to just look at it as another tool in your toolbox that you can use as a guide in your own trading strategy. Disclaimer - This is not Official Financial or Investment Advice.
CME_MINI:ES1!
by SemperTrader
Ethereum in an Ascending Triangle. It's Time for a Pump?It seems that sellers are exhausted (for now), and cryptocurrencies are showing signs of recovery. The leading altcoin, Ethereum, is in an ascending triangle on lower time frames. It is a bullish pattern that tends to break above the horizontal boundary. If that happens, we can buy ETHUSD. The target should be equal to the triangle's height. Stop-loss, below the triangle's horizontal line, with some space so the trade can breathe. Follow me for more Crypto and FX trading ideas.
Long
by djukic.nebojsa