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Trianglepattren

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
HShort
by tradersmantra
[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.
by Tommy_Trader
1
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.
NSE:KRBLLong
by Chartmaniac
BNBUSDT - Short Term AnalysisCHART PATTERN: The pair appear to be creating an ascending triangle and be prone to a new downturn. We will likely see BNB try the 312 level once more before having any kind of breakthrough. OSCILLATORS: Stochastic and RSI are rapidly approaching oversold areas hinting a possible an upward rally in the next few hours/days. LIKELY SCENARIOS: - OPTIMISTIC - If the new attempt at 312 level will be successful BNB is likely to rally to 337 level before encountering resistance. Likely if BTC or ETH will soon start to gain traction. - PESSIMISTIC - If BNB will be rejected we will likely see a pretty huge dump to 267. Likely if new news about regulation and oversight will appear in the immediate future - INDECISIVE - Both the chart and the market in this period are very undecisive so there is also a non small chance that the pair will keep trading between 312 and 267 while the market in general decide its direction. Likely if nothing major happens and the market just keep idling in the wait of a sign.
by BurningStacks
RUNE/USDT (4H) - Midterm Long opportunity ? Hi Traders, This idea presents Long opportunity for RUNE... which is quite solid project, and form quite different structure from other " S "-coins. :D In my opinion we are actually forming wave (v) of C or 3 down. so Im waiting for LONG signal on 4H RSI which is currently Konverging. My Buy zone will be area 5.2 to 3.8 USD. Sell zone is 6.5 to 7.5 USD. I will count subwaves on the way down and UP + Update Idea daily. Do your homework, always trade safe and use stop-loss ;)
Long
by Longevity_Contrarian
1
Bitcoin - What if I told you something like this is possible?There is an expanding symmetrical triangle (megaphone pattern) in Elliott Wave Theory. I'm not saying this is definitely happening, but if we see an impulsive reversal after dropping a bit lower, below wave ((a)) support, then it becomes a possibility. This is the same fourth wave pattern we saw in the Dow where the March 2020 drop was wave E of the triangle. It's always good to know and understand the possibilities. As I have mentioned numerous times before, it's also possible that wave 5 ended at the ATH. It's also possible that the ATH is only wave 3 and the current three wave pullback is wave 4. This is just one possible pattern that could play out. There are often multiple possibilities when price prints a range.
BNC:BLX
by Chris_Inks
9
💡Don't miss the great Sell opportunity in AUDUSDHi dear Members . Hope you all are enjoying our ideas and analysis. It seems that have entered a triangular pattern, we should see the Australian dollar down in the coming days. The area we are in is a very low risk area for sell. You can use the lower trigger time frame to enter. To be more sure of the Australian dollar movement, it is better to look at the New Zealand dollar movement because the movement of these two currency pairs against the US dollar is similar but with some delay. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by hamidreza_FX
7