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Trianglepattren

BTCUSD: Next step after breakoutHello traders! Today BTC showed a move that we were expecting from it. The market dipped and broke the pattern and touched true reversal point, I was expecting a pinpoint accurate reversal from 38786 but it dipped lower than that and that's not a good sign. Now we have to take action according to reaction, it's only because it was not a pinpoint reversal. There is a strategy that we will use to tackle this situation. BTC is gonna play with many traders and my methods know exactly how it will play. I have drawn two scenarios on the chart and we will take action according to that. The first scenario is when BTC retests the breakout perfectly and moves down then we will buy, it is the time when everyone will sell and we will buy. The second scenario is if BTC continues its move towards the upside without retracement at the broken trendline. This is a scenario that I don't want because if BTC continues its movement towards the upside then it will fall and the next dip can touch 35K. Let's wait and react. Also, I thank the Almighty for the Perfect strategies which show me the correct way. Don't forget to hit the like and follow to stay connected
Long
by Aadil1000x
11
JICPT| Crude oil at the crossroad with decreasing volumeHello everyone. Crude oil has been really volatile since Feb mainly due to the supply issues. Price has been retreated from the high created on March 7th by almost 30%. It formed a triangle shape with solid demand zone(92-94.81) being tested twice. From the daily chart, we can see crude oil is at the crossroad. One possible scenario is the sideway move between the range of $92-$105. What do you think? Feel free to share your thoughts below.
OANDA:WTICOUSD
by JICPT
expect a Breakouts at this point!!hello everyone We can see the accumulation in this market for almost all of the cryptocurrencies, and for most of the day trading strategies. this accumulation tightened the market spring and a breakout is Inevitable. We have symmetrical triangle form as the two trend lines touching,and we have the same pattern in our RSI too. Due to the spikes in volume and the amount of BITCOINS leaving the brokers, i expect most of the cryptocurrencies with the same pattern to break the upper trend lines.
by HubAlgo
SHIB/USDT : Moving into a triangle !BINANCE:SHIBUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! SHIB has formed a symmetrical triangle and now it's moving near to the higher trendline. Despite of that it's reaching near to the apex of the pattern; There're few possibilities to look for ! - Bullish case; If we get the breakout above the pattern and hold above S/R zone ( mentioned Grey zone ), Then we can aim for $0.00003432 and $0.00004230. - Bearish case; If we get the rejection below the pattern and hold below S/R line ( mentioned Green line ), Then we can aim for $0.00001866 and $0.00001514. Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
9
MphasisHello and welcome to this analysis on Mphasis. In the daily time frame its been in a sideways trend now for quite some time forming an Ichimoku P Wave. We can see each swing zone has a 3 leg structure testing the 2 trendlines. Currently it appears to be ending the 1st leg of the the last wave down (likely), a small bounce back from the current level and then the final leg of Wave E near to the lower trend line should complete this P wave triangle Results are scheduled to be due end of the month. By then it is likely to complete what would be the end of a Price and Time correction in it. Until then stock will continue to remain in a narrow range. View would be wrong if the swing low at Wave C is broken. Alternatively if a turn from here breaks the upper trendline then will consider this low as end of Wave E.
NSE:MPHASIS
by Dinesh_C_Nagpal
⭕️SELL NZDJPY ❗️🔰You see the analysis of the New Zealand Dollar against the Japanese Yen in 30 minutes ( NZDJPY , m30)🔎 🔰SELL Limit NZDJPY at 85.950 ✅TP ; 85.350 ❌SL ; 86.100 🔰As it is clear from the image, the price is moving in a triangle pattern, due to the presence of the price in the triangle resistance line (the bearish white line) the sale in this range seems to be low risk. The target is placed at the triangle support line (white ascending line) 👌 ⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️ I hope this analysis is useful for you🙏🏻🌹 📌Please introduce the "TRADER STREET" to your friends 🙏🏻 _______________________📈TRADER STREET📉________________________
Short
by TRADER_STREET
1
Crude Oil Idea Nr_one (WTI)Hello Traders This is my opinion on Crude Oil. The price is at strong resistance: - Trendline --> Dec./ Jan. Highs & Jan.- Mar. Lows - 78.6 Fib --> Mar. Rally - Resistance --> 1 & 4 April Lows - 50 Day EMA @ 99.29 - Descending Triangle on Price and TDI (RSI) The price will probably push back from strong resistance I mentioned, between ~98 & ~99 and move lower till the 50% Fib. support at 95.90 and the triangle support + the March low at 93.50. A break through will give the price more downside Momentum till the support levels below: - Oct. / Nov. highs @ ~85 - 161.8 Fib. Retracement --> March Rally - Very Strong Support between ~ 75 & ~77 --> 78.6 Fib. Retracement from March highs + Oct. '18 & Jul. '21 highs + 2022 Open Long-term I think the price will go higher again up to the 2008 high @ ~150 maybe more.
TVC:USOIL
by FiXTUX
2
KCSUSDT is ready to explode?On the daily timeframe, the price is testing the upper trendline of the big pennant, exactly 19.5$ on 0.618 Fibonacci level and the price is going to create a Cup and handle as well. On the 4h Timeframe the price had a rejection from the 21.2 Resistance and now it's testing the previous weekly support. How to approach? the price could have a false breakout of 19$. In that area the market finds the liquidity for a new bullish impulse. the price needs to have a breakout from the 21.2 Big resistance. So, IF the price is going to have a breakout from 21.2, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
38