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Descending Triangle

GBP / CAD 1.65882 - 0.1 % LONG IDEA * PRICE ACTION & STRUCTUREHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE GBP / CAD * The PAIR has been trading in a FALLING WEDGE range-bound within this structure , retested this level somewhat now signaling continuation. - Short term the pair is currently rejecting at this structure possibly signaling continuation in momentum on the 4h chart this in a falling wedge at the support within the structure.. - Looking for long entries on the THE POUND / CAD this week should all the rules of the formation be met. ON THE HOURLY SCALLING IN FOR ENTRIES HERE IS WHERE WE ARE AT lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
2
SOL/USDT TRADE SETUP! 60% POTENTIAL PROFIT!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this SOL/USDT TRADE setup. SOL looks amazing here. SOL breaks out from a descending triangle. A retest is also done. After the retest, it made a green confirmation candle. Now, all we need is to break and close above 50ma. Buy some now and add more in dips. Entry range:- $84-$90 Target1:- $96 Target2:- $112 Target3:- $126 Target4:- $138 SL:- $76 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
SYS/BTC LOOKS READY TO PUMP!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this SYS/BTC TRADE setup. SYS looks good here. SYS is breaking out from a descending triangle in the daily time frame. It also holds above 200ma which acts as good support. Buy some now and more in dips. Entry range:- 1180-1320 sats Target1:- 1580 sats Target2:- 1964 sats Target3:- 2488 sats Target4:- 3072 sats SL:- 1064 sats If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
1
IOST/BTC TRADE SETUP! READY TO PUMP 200%Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this IOST/BTC TRADE setup. IOST looks good here. IOST is breaking out from a descending triangle in 2days time frame. It is holding very important support. Buying here will be very low risk and high reward. Also according to Fib levels, there is an important support of 0.786 level. So it is worth buying here. Buy some now and add more in dips. Entry range:- 54-60 sats Target1:- 82 sats Target2:- 98 sats Target3:- 116 sats Target4- 130 sats Target5:- 154 sats Target6:- 178 sats SL:- 50 sats If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
ILong
by CoreCrypto1
COS/BTC BROKE OUT! READY TO PUMP 160%Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this COS/BTC TRADE setup. COS looks good here. COS is breaking out from the descending triangle in the daily time frame. It breaks the consolidation after 104days. Accumulate this and hold it till May-June. Entry range:- 32-35 sats Target1:- 40 sats Target2:- 48 sats Target3:- 56 sats Target4:- 68 sats Target5:- 78 sats Target6:- 86 sats SL:- 28 sats If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
CLong
by CoreCrypto1
THETA have a Higher Chance to Be Bearish🟡Chart is speaking it self! THETA TOKEN TETHERUS -THETA Is in a Descending Triangle. -No Break out -If the Bearish Break out Happens, We Can Expect The Price to Reach 2$ -There is a little Chance That a Bullish Break out Happens and the Price would Increase Up to 3.8 _________________________________________ 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
9
Is NVDA heading toward 162$?The past few weeks, the markets have been extremely volatile. Some are arguing we are in a bear marker, others still convinced on this being a correction. Regardless your side on that, NVDA is in a clear descending triangle, which is text book bearish, and you can argue almost every tech stock including qqq and spy have formed a major head and shoulders topping pattern. The sentiment is very bearish right now and today we closed in bear market territory(down 20% from the high). We also closed the day, on multiple tech stocks including the etfs, with a death cross on the daily. Textbook profit target based on the base of the triangle would be about a 50$ move to 162$. There are multiple stocks forming this pattern and I will upload some of them after this.
NASDAQ:NVDAShort
by anamaly
Descending triangle is about to breakout on BTC!!We have this textbook descending triangle pattern on the 4 hourly and is about to breakout. I am in short position since 39k and my stop loss is at 39.5k on the 20X leverage and my price target is 37k where i am maybe even interested to go with a long position of the sign of a bounce. As the Nick Diaz once said "Dont be scared homie" What do you think about this descending triangle? Feel free to leave a comment. If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
Short
by Mladen94
10
ETH perspective. Descending wedge structure and key supportsETH has been trading in a bearish descending wedge, and is currently trading in a symmetrical triangle within the larger wedge. If minor support on the triangle fails, we will likely test the bottom of the wedge. If bottom of wedge breaks then we will likely test 1700 major support, and if 1700 fails could easily see 1300. Any break above the bearish descending wedge represents the formation of a new trading pattern. I will be going long from major supports with tight stops. I do not plan too short This is not trading advice, do your own due diligence!
BITSTAMP:ETHUSD
by BonoboJoJo
2
SOL built a descending triangle pattern.The support 80-82 is key support for SOL. The chart has tested this support several times and in each test, this has been born. Eventually, it built a descending triangle pattern. Also, the volume of the buyers gradually has decreased from January. Both these reasons show that the power of sellers is gradually dominating the buyers. Therefore, this support is so vulnerable. The buyers who bought sol put their stop-loss under this support. So this helps the chart will quickly see the lower prices. The next supports are: First support: 66-68 Second support: 48-50
FTX:SOLUSDShort
by pezhmanrz
$DWAC - Bearish Descending TriangleA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. From Trading Sim: You can identify the descending triangle reversal pattern at the top end of a rally. This pattern emerges as volume declines and the stock fails to make fresh highs. The pattern indicates that the bullish momentum is exhausting. At the same time, price action forms a horizontal support level. After price bounces off the support level multiple times, posting lower highs, we can anticipate a potential downside breakout. The minimum distance that price moves prior to the breakout is measured from the initial high. This distance is projected lower after price breaks out below the support level.
DShort
by jaykenneyTRT
1
Boeing (BA) bearish scenario:The technical figure Descending Triangle can be found in the US company The Boeing Company (BA) at daily chart. The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the third-largest defense contractor in the world based on 2020 revenue, and is the largest exporter in the United States by dollar value. Boeing stock is included in the Dow Jones Industrial Average. The Descending Triangle has broken through the support line on 05/03/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 17 days towards 150.00 USD. Your stop loss order according to experts should be placed at 223.23 USD if you decide to enter this position. Boeing Co. has preliminary plans to boost production of its cash cow 737-family narrowbody to around 47 per month by the end of next year, as the U.S. planemaker looks to extend its recovery from successive crises, two people familiar with the matter said. After slashing production due mainly to the pandemic, Boeing and European rival Airbus SE are seeing more demand for their medium-haul passenger jets, with both planemakers adding eye-catching deals to their order books in recent weeks. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:BAShort
by legacyFXofficial