Torrent PowerTorrent power broke out of triangle pattern with good volumes on an hourly chart.
Could be bought with mentioned soploss & target.
Trianglepattren
REEFUSDT is creating a triangleThe price is creating an ascending channel below the daily resistance of 0.005$.
As you can see the daily area is very strong for the market, and the price got several rejections from that area.
How to approach it?
IF the price is going to have a breakout from that area, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
USDT DOMINANCE BREAKDOWN! BULLISH RALLY AHEAD IN THE MARKET!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update. USDT.D looks bearish here.
As you know USDT Dominance is inversely proportional to the BTC and Alts. When USDT.D dumps the whole market (BTC and Alts) starts pumping.
According to the 4hr chart, USDT Dominance breaks down the triangle and now all we need is a successful retest. After the retest, we can expect more drop-in USDT Dominance.
When USDT Dominance retests we have a perfect chance to take lower entries in Altcoins. I'm waiting for a retest to long some Alts.
What do you think about this?
Do You think we get a retest from here or do you believe that this will be a takedown?
Share your thoughts in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Ascending Triangle on SLPUSDTBased on technical factors there is a long position in :
📊 SLPUSDT
🔵 Long Now or by Triangle breakout
🧯 Stop loss 0.00480
🏹 Target 1 0.00575
🏹 Target 2 0.00640
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
LINKUSDTIt seems that the price has no limit to reach the $ 4.26 area !!
It is very likely that the triangle pattern will be broken from the bottom, but we have important orders in the QM range that if the price reaches that range ($ 7.25), our momentum of a downward movement could be stronger.
RACE to triangle support RACE has been on the decline since nov 2021 and bounced off the 181 support twice forming a declining triangle.
Taking a short term bullish trade from the last bounce and watching the price action for any weakening to get out.
Currently holding this trade as MACD and RSI are going bullish - planning to exit when the RSI becomes overbought.
27/5 Planning to move my stop to reduce risk and watch the 4hr candles for the 27th and decide if i need to move the stop again or keep holding.
Riding the triangle channel for Visa Visa is below the 200MA and still bearish...However strong support at 190./
Taking a short trade as it bounced off the 190. Taking a 4h trader to 200MA.
SuvenpharSuvenphar made ascending triangle on an hourly charts & breaking above it with good volumes.
Could be bought with mentioned stoploss & targets.
BHARTIBharti broke out of triangle pattern on smaller time frames with okayish volumes.
Could be bought with mentioned stoploss & targets.
AUDJPY analysis. Triangle pattern in sight.Never have i seen such a remarkable structure as we got here today. This is called a triangle pattern, and we may see a break above or below structure. We shall see what time will have to offer.
NEO WAVE-extracting triangle in S&P500A clear case of terminal pattern (EXTRACTING TRIANGLE) formed in S&P500 INDEX.
Weekly Neo wave price chart is very easy to understand ,and it may look like text book pattern.
Bigger Trends will consume more time and consolidation before Next trend change.
5 waves (ABCDE) completed with a negative bias , a retest of neckline is inevitable before next trend or change in trend
Pfizer:Pure Technical Play!Pfizer
Short Term - We look to Sell at 53.30 (stop at 55.53)
Price continues to trade within the triangle formation. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected although we prefer to sell into rallies close to the 53.56 level.
Our profit targets will be 48.29 and 43.36
Resistance: 53.56 / 56.32 / 61.71
Support: 47.50 / 45.44 / 40.94
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Tech possibly on reboundThe Nasdaq .IXIC has been growing increasingly RSI Divergent which could see the tech sector rebound. If the neckline of the double bottom is crossed around 12000 near term gains can take the index to an inverse Head and Shoulders pattern (green path).
On the other hand if the resistance is strong at the neckline, the descending triangle pattern could play out, but with less intensity as it seems to be reaching the apex.
Triangle Pennant on Upi/UsdTriangle Pennant forming on the hourly chart on Upi/Usd
Potential to be a short bull run in the near future
(Not financial Advice)
nifty seeks recovery until 17130 ABCDE TRIANGLE CORRECTION is about to complete in NIFTY,
As per NEO wave counts temporary low formed in NIFTY@16142.
wave 'E' segment is less than wave 'A' segment is the first confirmation of correction ending.
The final C wave is also less than A ,in wave E segment also give a secondary confirmation.
to get a final confirmation bulls has to lift the nifty to 17132..or above before next week end(20/05/22)
trade accordingly
How to trade Triangle in Elliott wave?#HDFC forms a triangle as there are 5 corrective waves in a triangle of the Elliott wave pattern. But playing a triangle is not as easy as it seems.
A triangle can break at any side, i.e.
1. The full move can be a triangle 3,3,3,3,3
2. The full move is ABC in which B can be a triangle.
How to trade this triangle?
We can make a short position in HDFC from here. The stop loss will be 2286. If HDFC will cross 2286, this means the whole move is not a triangle correction but the B wave in the ABC zigzag is the triangle.
Now, HDFC can go 2360 after that we can short again because this time the zigzag with the triangle in a B wave is going to retrace fully.
The analysis I gave is based on the Elliott wave principle. This is the advantage of the Elliott wave that we can play counter move when there are only two possibilities left.
The colour Orange Wave count and orange line is the first possibility and the Red line and count is the alternate possibility.
Thanks
Traders Mantra
BTCUSD ShortBTCUSD has been trading in this tight triangle and it looks ready to breakout soon. Triangles can be traded in either direction but I have a stronger short bias.
CHAMBLFERTChamblfert broke out of symmetrical triangle on an hourly chart with decent volumes.
Could be bought with mentioned stoploss & targets.
[Bitcoin] End of Convergence?? Convergence extension??#Crack #Bitcoin #Binance #Daily
- It looks like the convergence is still in progress.
- An attempt was made to break out the upper end of the convergence, but it was finished without breaking the resistance of the upper end of the convergence. Last week's strong resistance of $30,444.93 still remains.
- If the bull trend closes at $30,444.93 today while continuing the previous day's bull trend, but
Since the resistance of $30,444.93 cannot be broken out and there is a possibility of a bear trend or extension of convergence, there is still a risk to the reckless buying response that took advantage of the bull trend that appeared the previous day.
- In the short term, if it settles after breaking out the $30,444.93 resistance, it is recommended to focus on buying responses, and if it does not break out the $30,444.93 resistance, respond mainly to selling responses.
- However, there is a possibility of sudden volatility at the convergence end, so it is always necessary to set a stop loss when responding.
KRBL Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all conditions meet at the end of the day 3:15-3:30 PM.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
BITCOIN - BEARISH PENNANT PATTERNthe BTCUSD price is in BEARISH PENNANT PATTERN .
i predict a bearish move 🚀 i'm waiting for breakout and retest 📉
TARGET: 25000 if we have a breakout in support line🎯
TARGET: 37630 if we have a breakout in resistance line🎯
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
BPCL long upside move of 30% [expected]Bpcl long
Pros
1 rsi divergence
2 weekly trend line
3 making large wick
4 double bottom pattern
Cons
1 earnings ahead
GBPNZD It is currently in a supply zoneGBPNZD It is currently in a supply zone and the strength of its uptrend has diminished. The chart is expected to move down after breaking the uptrend line.
