long MATICThe ascending triangle on $MATIC is breaking to the upside. Rise to resistance at 0,57$ is expected to happen.
Trianglepattren
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.
GODREJPROPGodrejprop made triangle pattern on an hourly chart with okayish volumes not broke out of it though.
So buy godrejprop above 1205 (breakout level)
With mentioned stoploss & target.
Elliott Wave zig zags can be a gateway to other patterns. It is important to remember that just because you have a completed zig zig, you do not necessarily have a completed correction... it could only just be the beginning. Please like and follow if helpful. Cheers!
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.
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21% profit from Sand divergenceSand is in the triangle. it came to its downside with very clearly divergence. Then it went up to its upside of triangle !
EURAUD, The Triangle Pattern CompletedEURAUD has completed the ascending triangle this morning. We can long EUR against AUD, with a target of 1.62. The target is determined based on the triangle's height. We measure the height of a pattern and use that distance as our target.
Stop-loss should be placed below today's low. That gives us a great R:R.
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AUDUSD on course to test below 0.64?As with its Kiwi counterpart, AUDUSD now looks to be breaking down from a bearish Descending Triangle chart pattern. The setup's measured-move downside objective is implied just below the 0.64 figure. Reversing back above the near-term swing top at 0.6919 may neutralize immediate selling pressure.
NZDUSD triangle break hints at deeper decline aheadNZDUSD seems to have broken through the bottom of a bearish Descending Triangle continuation pattern, hinting that deeper losses area ahead. The implied measured-move objective hints that a push toward the 0.58 figure may be in the cards.
AUDJPY, H4 - Triangle - waiting for breakoutOn H4 tightening of price move within triangle pattern. Breakout will show the direction. Recently formed head and shoulders pattern, so breaking neckline support level is needed as confirmation of further down move. Trade carefully!
Breakout coming on on BTCUSDAfter offering multiple sell opportunities, the BTCUSD pair is now consolidating on the 60m timeframe.
Similarly, the RSI Exhaustion at the bottom is consolidating as well.
Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).
Remember to stay patient and always look for confirmation from the indicators!
VISA Downtrend TriangleNYSE:V
This is a continuation pattern that indicates that sellers are more aggressive than buyers, and is usually resolved with a break of the downside trendline. The signal would be deceived a close under the lower trendine with an increased in Volume . There might be a comeback move after the break of the lower trendline, but it should encounter resistance in the lower trendline.
USDCAD - DESCENDING TRIANGLE BREAKOUT 📉the USDCAD price reached a daily resistance level and is in descending triangle pattern .
the key level has broken 🔥 i'm waiting for a retest (sell confirmation)
i predict a bearish move 📉
TARGET: 1.25587 🎯
...
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LINKUSDTHi (:
Given the previous uptrend, if the blue range ($ 6) can prevent further price declines, we can expect price increases to higher ranges.
Do you think the price will go up according to the target of the specified triangle pattern? Or will the orange triangle be broken from below?
CONCORConcor broke out of triangle pattern on an hourly chart with okayish volumes.
Could be bought here with mentioned stoploss & targets.
CADCHF - Potential SELL CADCHF
Triangle Pattern
Potential SELL
If price Break @ 0.7428 and head downside good opportunity to short it.
AVANTIFEED TRIANGLE PATTERN FORMINGAVANTIFEED STOCK is forming a triangle pattern. Go LONG(buy) or SHORT(sell) after breakout. I guess it may take long time to breakout. keep it in WATCHLIST
Vodafone - Ascending triangle - what's next?The ascending triangle started to form at the start of the pandemic restrictions. Not fully formed yet, it is in a downtrend and therefore it's possible it will head lower. Wait and see. Fundamental factors are: cost of living, recession, a takeover/bid, inflation, interest rates (cost of capital) -
Lots to think about.
AUDUSD - Potential SELL SignalPotential SELL - AUDUSD
Break Triangle Pattern H1
break @0.6939
on retest of the bottom trendline and if price failed to go up the entry point can be 0.6930
EURCAD Beginners Attempt Chart AnalysisSo, I'm no expert at this just yet but I have been practicing and seem to think that this idea will play out as I am predicting it to...
Please don't take this idea as financial or trading advice of any kind - instead, if it is not correct, can someone please tell me where I went wrong?
Happy trading everyone!
BTC FORMING BULLISH EXPENDING TRIANGLE!!BTC is forming this bullish expanding triangle pattern currently retesting according to the pattern we may bounce up to 21% from there but we need a successful retest.
RSI is showing some bullish diversion moves.
Let's see how the market reacts in a few hours.
ETH DESCENDING TRIANGLEETH forms a descending triangle.
The price returned from the support area and tested the resistance of 1244$.
In order to climb, this resistance must be broken in order to have an ascending view.
If the 1019$ support area is broken, the price may fall to the 800$ support area.
Let's see what happens.
CHF/JPY 220 Pips from last analysis new entry addedHi Traders, we have opportunity to take rest of goal with arrive price to broken trend line and falling trend line + Ema 50
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