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Trianglepattren

GOLD: Eliot wave analysis and retest strategy (Update2)First, congrats for your both targets on GOLD !!! GOLD: Eliot wave analysis on triangle pattern & retest strategy: Here is another strong and clear confirmation for GOLD Long. Technical indicators and technical analysis are more in the upward side after the rejection of the retest on the 3rd local triangle (RED triangle), after retesting the uptrend of the local triangle pattern (It is a reccurence over the whool week as u see in the chart, and that reflects the buyers intention...) So we may see to scenarios now: retesting the local triangle for another buy entry or the big breakout of the globale triangle! SHORT-term analysis (1H time-frame) : GOLD seems to be testing the globale trendline of the globale triangle pattern in the area of 17014 and 1717 waiting for volume to go up very horribly (That is always realized in the morning from 6AM GMT to 16PM GMT ) First Target after globale triangle breakout: 1736 , once this résistance is broke the next level is 1747. Comment: Congrats the Target was reached twice (y) It is always recommanded to close the trade after my first target and wait for that level to be reached and crossed well of it to re-open another tradeà Enjoy the profits!! That was 1600 pips alrdy and now + 3000 pips ! Stick for my update for the next entry after breakout (there is always a pending entry after breaking the 1718 resistance and Global trendline!)
TVC:GOLD
by MarjaniFX
14
EURJPYThat looks like a decent shorting opportunity to me, with a down trending market on the 1D. Again I highlighted a key zone with resistance acting upon this pair multiple times on the 4H. I zoomed into the 1H to find it has been rallying up creating this triangle flag pattern. If it does not breakout before reaching the light blue box, I recon this will be a good sell opportunity ;) Btw I have been trading for 3 months now, definitely got a lot to learn still but hopefully you can take a thing or two from my analysis. Comment down below how long you lot have been trading for.
Short
by FXJ4Y
GOLD: Eliot wave analysis on triangle pattern & retest strategyGOLD: Eliot wave analysis on triangle pattern & retest strategy Here is another strong and clear confirmation for GOLD Long. Technical indicators are more in the upward side after the rejection after retesting the uptrend of the local triangle pattern (It is a reccurence over the hole week as u see in the chart, and that reflects the buyers intention...) SHORT-term analysis (1H time-frame) : GOLD seems to be ranging in the area of 1693 and 1698 waiting for volume to go up very horribly (That is always realized in the morning from 6AM GMT to 16PM GMT) First Target: 1710 , once this résistance is broke the next level is 1720.
TVC:GOLDLong
by MarjaniFX
4
Triangle breakout and retesting the support- Eliot wave analysisGOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99% Long) As we can realize that GOLD had succeded to breakout the globale triangle pattern, after many rejections by the weekly trend of the globale triangle. This retest scenario was expected, and that trend contains now (and before) many pending orders ... It will surely continue to the 1710 zone and then 1721 till 1736 and so on. ** GOLD has proved now that it have more liquidity to go up for 1736 and reach the monthly globale UPRANGE! **Instructions: - Always wait for a reversal signal or confirmation before take any trade. - This is an idea to help you make a decision.
TVC:GOLDLong
by MarjaniFX
6
GOLD long breakout: retesting the local triangle (Short-term)GOLD /USD Long position after confluence, Triangle breakoutPullback: retesting the local triangle upside: Short-term analysis - GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%) As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it was expected to retest thatTrend what contains now (and before) many pending orders ... to continue at the upside till the 1721 zone and then to the 1736 and so on. ** GOLD has proved now that it have more liquidity to go up for 1736 and the monthly globale UPRANGE! **Instructions: - Always wait for a reversal signal or confirmation before take any trade. - This is an idea to help you make a decision.
TVC:GOLDLong
by MarjaniFX
7
Confluence rejection: Breakout & Retesting the global Trend-lineGOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%) As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it was expected to retest thatTrend what contains now (and before) many pending orders ... to continue at the upside till the 1721 zone and then to the 1736 and so on. ** GOLD has proved now that it have more liquidity to go up for 1736 and the monthly globale UPRANGE! **Instructions: - Always wait for a reversal signal or confirmation before take any trade. - This is an idea to help you make a decision.
TVC:GOLDLong
by MarjaniFX
6
Ascending Triangle as Continuation and Bilateral patternAscending Triangle Pattern Tutorial : Ascending Triangle is a Bullish Pattern and sometimes also act as Bilateral Pattern; What is Bilateral Pattern : Bilateral Chart Patterns are triangular patterns; they signal either a continuarion or reversal of the current price movement, mainly it depends on how the price breaks the triangle pattern. There are three main types of Bilateral Chart Patterns; 1) Ascending Triangle, 2) Descending Triangle, 3) Symmetrical Triangle. An Ascending Triangle can be easily identified if you see a rising lower trendline along with a flat resistance. Also ascending triangle have some shortcomings like it can occur false breakout and the price reverses. You need to see how strong the breakout was by looking at volume at the time of breakout and if the breakout is not strong enough you can exit the trade and before entering you need to manage risk accordingly. Check Out other tutorials; (), () Stay Tuned 👍;
Education
by tapasdhanadana
5
Buy your Lambo from this one trade...USDJPY!!Weekly & 4Hour time frame analysis. USDJPY has just retested the upper downtrendline & failed. The profit zone is marked in purple. The divergence signals a regular bullish divergence so that profit area could turn into a demand zone, pushing the pair to new highs. If price retests & fails the upper (weekly) trendline after hitting the profit zone, USDJPY should make a new low. This is a weekly entry meaning It will more than likely take a year to complete. Add on pullbacks & invest every paycheck you get, you'll be driving a Lambo in not time ;) STOP LOSS is above the most recent high. If price gets above, I'll reverse & trade to new highs.
Short
by BillionaireTomBoi
1
How to trade BTCUSD like a pro1. If you are new to trading, learn how to trade support & resistance of triangles on the Daily & Hourly time frame. The time it will take BTC to retest the BUY zones I've marked, will be more than enough time for you to learn & practice how to be ready for the retest of the areas I've marked. 2. Realize that BTC has retested & held above the green triangular channel. The proper way to enter this trade is to wait for the bottom level of this channel to be retested once more, on a lower time frame. The current pattern on the Daily chart is a bullish candle stick pattern. If you are new to trading, also learn more about common candle stick patterns that occur over & over, giving professional traders signals to enter trades confidently. 3. If you've entered already, be cautious as price rises. Be prepared to take small profits if 4 Hour or 1 Hour charts show huge selling. BTC HAS BEEN & IS STILL IN AN UPTREND, however, any global event could shake the crypto market up, which could result in people mass dumping their BTC holdings.
COINBASE:BTCUSDLong
by BillionaireTomBoi
1
USD/CHF ShortHello Everyone, This is my first Analysis being published. This is what I analyse from my point of view. The currency is FX:USDCHF Weekly timeframe: In the weekly timeframe I noticed a triangle ascending pattern. I'm predicting that this triangle ascending pattern will become a continuation pattern. Also the 200 Moving Average is showing resistance to the candlesticks. Daily timeframe: As for the daily timeframe, I also noticed a triangle ascending pattern. Hourly timeframe: In the 4 hourly timeframe I noticed a bullish channel. But I noticed that the pattern starts to break, and so I do not think that the trend will continue. Minutes timeframe: In the 30 Minutes timeframe I noticed a bearish resistance line in the RSI. That's all I had seen from the chart, I hope my first Idea can help you. And please give feedback if I have a flaw in my analysis.
Short
by Hypebert