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Triangle Wave

Aurora Cannabis Bull Run 36 USDAfter a long 5 wave downward movement which ended on 29 October 2020, Aurora fought itself back with an ABC upward correction on 30 November, it followed an ascending pennant with approx. 15 USD wärend during a 5 wave upward movement its goal had. Wave 5 ended on 11 February 2021 and it followed a renewed 5 wave downward movement to 17 May 2021. This was followed by an ABC upward correction followed by a 5 wave downward movement which ended on 20 July. Since then Aurora is in a range and runs into the top of a triangle formation. If the price would break out upward from the triangle, a Bullische SKS would be at approx. 19.54 in the confirmation and would have as a goal 36.06 USD Short alternative on a downside breakout from the triangle, I would see 5.34 as the next support for further upside moves and thus set my target for a short position at 5.50. RSI Neutral 45.77 CCI 20 -8.93 Neutral MACD Crosses Bullish from the lines Vortex diverges Bullish EMAS 20 50 200 Currently active as resistance
NASDAQ:ACBLong
by Highrisk221
4
$TSLA completing a short term triangle wave? I don't normally like to trade on such narrow timeframes, but I happened to notice this beautiful Elliott triangle wave forming on $TSLA's 15 minute chart. I have previously posted my macro long thesis with a target around 1200 EOY and this recent breakout, plus the bull flag on the week lends me to believe that we are about to receive the leg up $TSLA's been looking for since January. It's also worth noting that, with 1 week candles going back to early 2020, $TSLA MacD has completed a bullish crossover (as of today). This event has only occurred twice in the last two years! It is interesting to see these macro and micro events align with such chronological perfection. I do not swing trade micro patterns but this gave me enough conviction to add to a 1015/1225c debit spread expiring 1/21/22. Trade safe!
NASDAQ:TSLALong
by ITMmatty
4
XRPUSDT is trying to have a breakout from a descending triangle XRPUSDT is trying to have a breakout from a descending triangle. The price is between weekly structures. IF the price will have a breakout from the resistance and retest it as new support, we can add to our watchlist and wait for apply our rules, otherwise, if the price will lose the weekly support, we can look for a short position ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
by InkyGrip
10
BELUSDT is testing the weekly resistance 🦐BELUSDT is testing the weekly resistance inside a triangle. IF the price will have a breakout and turn the current resistance into new support, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
11
GBPUSD Long short lonnnnngCheck it... ? current idea I am looking into, I have also taken a long up to the 1.395 area.. could have maybe taken it further but with around a 40 pip SL i'm fairly happy with this set up. looking again to short at that 1.395 area with a take around this level will post again later on to update. Then we go long looking for around 1.44/45 area. As you can see we have an ABCDE formation coming in (maybe) which will give us plenty of room either side of the market. the key here is to be unbias, patient and ready to take action.. If you look at this analysis on the daily chart you shall see my prediction for #bullish pound, a fifth extension updward.. (hopefully) I watch the month week daily and place on either the 8/4/1hr charts. I write this after a few beers and a bottle of wine (an awful lot of Greek food).. the analysis was done before that so apologies for the state of this... hope you enjoy and Firm handshakes. HAPPY TRADING. >:-) I am not a financial advisor or anything like that but i do take money from the market....
Long
by RGFX_
1INCHUSDT is testing the weekly support 🦐1INCHUSDT is testing the weekly support. IF the price gets liquidity and the price will have a breakout and have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
10
MATICUSDT is testing the demand zone 🦐MATICUSDT is testing the demand zone 🦐 inside a triangle. IF the price will have a breakout from the daily resistance and turn into new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
MLong
by InkyGrip
4
ALGOUSDT could retest 0.75$ 🦐ALGOUSDT could retest 0.75$ on weekly support after the price lost an important daily support and retested it as new resistance. According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
10
TFUELUSDT is ready for the new highs! 🦐after our previous idea with nice profits the price is creating a bullish triangle. IF the price will have a breakout and retest the current resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
16
USDJPY ShortHello ladies and lads, hope u all are doing great. Based on Elliotwave theory, we probably are right at the end of B of ABC correction pattern. But yet still we do not have a sign of a reversal at the time, but i can see there is a high chance that we see reversal signs that confirm this story for our USDJPY. I have left the tools that i have used to find a Time and Price PRZ, the square that is RED, on the chart itself so you can hover over and see what i think is happening here. for the last thing, it is nice to mention that DT oscillator in Daily time frame is in Over Bought situation. I would be glad to hear your ideas on this Idea of mine. and feel free to ask your questions. thanks for your time. Good luck
Short
by HunkIsHere
ADABTC is testing an important trendline 🦐ADABTC is testing an important trendline after the price created a triangle. IF the price will have a breakout downward and flip the current support (daily one) into new resistance, we can see a retest of the weekly support (red one). According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2