-Daily Chart -Forming Ascending Chart -Watch for Breakout to Previous High
Support @ 2.64 forming ascending triangle. Possible upside 3.48
Testing the Trendline and the 50.00% Fib and as you can see it's forming HL on the 4h chart. Watching how market behaves the next hours and if it doesn't break => Long position
Since we've hit the Weekly resistance and hit the TL , we have have a ascending triangle. Beter wait for further confirmation. After the strong bearish move we have formed newer HL and HH on the daily. Either trading the bearish breakout or waiting for a bullish movement to enter whenever it should cross the weekly resistance. But for now just observing...
If it doesn't break out the triangle soon, this thing is going down
Note : (i) Ideally, Ascending Triangle pattern should break upside (ii) At raretimes, we can get downside breakout So decide depending on breakout with proper stops ! Happy Trading !
SGY- Long Trade Logic: SGY- Long Trade Logic: Ascending triangle formation, swing trading Entry Price: 7.53 Target Price: Target 1-9.2, Target 2- 10.61 & 11.30 Stop-Loss: 6.57 You can check our detailed analysis on SGY in the trading room link here- Trade Suggestion Date: 21/6/2016 Trading Room - Executive summery link: Time Span: 13:15” Trade Open: Waiting for...
Hey gang! Genesis here! Found an Ascending Triangle on the Daily chart for the GBPJPY pair and if you look here closely on the 4H chart, price is hitting the trendline soon! One thing I really love about trading the insides of a pattern, is because they the entry and exits are so predictable! What influenced my decision: -Stochastics Divergence (oh, this is a...
As it was the case for AUDUSD, this pair consolidated in an ascending triangle for quite some time. However, anasty false breakouts of this triangle signal more weakness ahead.
Our thesis is in the following link provided on our site: totalmarkettraders.wordpress.com
Trendline, fibonacci confluence, ascending triangle, structural support and pinbar, I got in at a little better price as indicated on the chart. Good luck!
Netflix has made an easily recognizable double bottom shape, in this case since the trend is not reversing but instead continuing it goes by another name, the Cup and Handle. Others might see it as an ascending triangle.
Looks like we got an ascending triangle formed on 1 hour chart. In this trade setup, the price can break EITHER to the upside OR to the downside. Therefore, we look for a breakout to either side. If breakout to the upside, entry should be above the horizontal resistance line. If breakout to the downside, entry should be below the slope of the lower highs. See the...
Daily chart forming ascending triangle (BULLISH triangle) and it's all most ready for big movement. Need few more days for confirmation. 31 MA is the main support. Most indicators are bullish.