SOLUSDTSOLUSDT is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 126.
What you guys think of this idea?
Symmetrical Triangle
Beam, consolidation is coming to the end, buy now (151% profit)Beam Rank #69 is a very good-looking coin from a technical perspective. We had a strong pump of 500% In November 2023. Now the price is going sideways, but it is time for another pump. It's good to buy this coin right now, as it can skyrocket anytime soon. We have a strong Elliott Wave combo Impulse + ABC correction. 1.618 FIB extension is the next profit target, but I believe we will go much higher than that! Make sure you buy the right BEAM coin, as there are 2 with the same name. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
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Beam supports custom transactions of different types, such as escrow, atomic swaps and time-locked ones. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
AXUSDTAXSUSDT is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 9.08.
What you guys think of this idea?
Symmetrical Triangle for a Long positionUSDCAD opened with Lower high and gave a big bearish candle on first day of the week, I was looking at different time frames and saw a symmetrical pattern on the one minute time frame (Using 15 minute to publish, analysis on 1 minute time frame), though I do not recommend using the one minute time frame at the opening but it was a sure bullish move that was coming.
Took the trade with a small stop loss and TP at the size of the length of the triangle base, just above the slope of lower high and made a small profit to start the week.
Where is USD moving in the coming week, what are the different factors that will effect its move?
comment and share your experience.!!
Cheers
Open to OpportunitiesEURUSD maintains a Weaker Bull Trading setup on the Weekly Chart.
This week, I'm flexible and ready to engage any compelling trading setup.
Eyeing the 1-hourly chart, I'm particularly interested in a sideway consolidation trade, anticipating the completion of a Bullish Gartley Pattern.
What's your take on EURUSD? Any specific strategies in mind? Share your thoughts!
Gold at a crossroad, 200 USD+ move, massive symmetrical triangleThis is a Daily chart for Gold. On it we can notice that the price has formed a massive symmetrical triangle. As per the deffinition of the pattern, after the price produces a breakout up or down, the potential movement can be equivalent to the distance between the highest and the lowest points in the pattern. This is about 215 USD movement
If the price breaks to the up side, according to the pattern, it can reach levels of about 2250 - 2270. If it breaks down then it can drop close to the 1800 level
Additional confluence:
- On the daily chart, the price has been showing a lot of respect towards the 50 EMA. On the latest drop it hit it and bounced straight up from it. On the 4H chart, the situation is similar with the 200 EMA
BTC: Neutral-Symmetrical triangle- SEC news waiting The SEC must give its response before Wednesday January 10, but the news may break before! Pay attention to the news.
SYMMETRICAL TRIANGLE detected!
SYMMETRICAL TRIANGLE:
The triangle of indecision, just like the RANGE!!
The price is tightening, and we don't know in which direction it's going PETER!!??
Draw a bullish and bearish diagonal.
Wait for a break in one of the diagonals.
The Take Profit is calculated by reporting the highest side of the rectangle which made a PULLBACK (see my old publication on "PULLBACK") and see graph below.
Report this segment to the BREAK of one of the diagonals, but ESPECIALLY to the CLOSING of the candle in its time unit!!!
STOP Loss below the previous low if you are BUYING.
STOP Loss above the previous high if you are SHORT (Seller).
USOILUSOIL is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 79.
What you guys think of this idea?
Symmetrical Triangle on EUR/CHF @ H4The 4-hour chart of EUR/CHF is showing a a symmetrical triangle pattern. It can be used for a trend continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width below the lower border. My take-profit will be at the green line, which is located at 100% of the triangle's base width below the lower border. I will set my stop-loss to the triangle's upper angle (0.93490). I will ignore bullish breakouts from this trend-continuation formation.
KSL | Wave Projection | Triangle ABCDE Wave SetupPrice action and chart pattern trading setup
> A possible uptrend scenario with ABCDE symmetrical triangle major wave 4 ending E - wave position, just above SMMA200/100/50 week making its way up to the triangle resistance wave D.
> Target: Wave projection target breakout triangle resistance from position E-wave as TP1 +30% upside
> Stoploss: E-Wave position -8% - 10%
> Risk reward ratio: 3:1
Indicator:
> RSI weekly: bullish signal crossed up MA line above 50.
> MACD weekly: golden crossing signal line slightly below zero.
Company financial with ongoing outstanding performance +YOY and +QOQ for 3 consecutive years and quarters.
AUDUSD 4H Symetrical triangle + Bullish market structureOn the 4H chart for the AUDUSD we are getting a symetrical triangle
Since the end of October we can observe a well defined Bullish market structure ( orange line ) which indicate an up trend. After the price created the last major high point, now it corrected down to the previous major high where it's hitting the support range created from it.
For higher success ratio, you are looking for a breakout to the up side from the chart pattern as it will align with the general trend
Additional factors to take in consideration:
- The low points of the symmetrical triangle pattern have bounced up from the 0.618 Fib and the 200 SMA
- MACD produced a Bullish cross. If the price breaks up from the chart pattern, monitor for a MACD continuation
- If the price breaks out to the up side from this pattern, monitor for a close above the 50 SMA and the 0.382 Fib
EURCADEURCAD is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.4720 followed 1.4770
What you guys think of this idea?
I Cannot Short This !!! situation+next targets.We have a breakout from the symmetrical triangle, with midterm potential to reach 19$✈️
🤑Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
CHARTIST TRIANGLES: HOW DOES IT WORK? ANSWER is HERE!ASCENDING TRIANGLE:
Identify the levels where the price has often closed and opened (black line).
The price is making higher and higher lows.
Draw a bullish diagonal.
Take Profit is calculated by plotting the lowest increase on the black line (see graph).
Report this segment to the BREAK of the black line, but ESPECIALLY to the CLOSING of the candle in its time unit!!!
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DESCENDING TRIANGLE:
Identify the levels where the price has often closed and opened (black line).
The price makes higher and lower highs.
Draw a bullish diagonal.
Take Profit is calculated by plotting the highest drop on the black line (see graph).
Report this segment to the BREAK of the black line, but ESPECIALLY to the CLOSING of the candle in its time unit!!!
___________________________________________________
SYMMETRICAL TRIANGLE:
The triangle of indecision, just like the RANGE!!
The price is tightening, and we don't know in which direction it's going PETER!!??
Draw a bullish and bearish diagonal.
Wait for a break in one of the diagonals.
The Take Profit is calculated by reporting the highest side of the rectangle which made a PULLBACK (see my old publication on "PULLBACK") and see graph below.
Report this segment to the BREAK of one of the diagonals, but ESPECIALLY to the CLOSING of the candle in its time unit!!!
STOP Loss below the previous low if you are BUYING.
STOP Loss above the previous high if you are SHORT (Seller).
Bitcoin will continue to crash to 36 600Bitcoin is really bearish at this moment. We have had a massive crash recently, and this is not looking good. My technical analysis suggests that we have completed the impulse wave (3) and are in a corrective phase wave (4). This corrective phase should end at 36 600 USDT, and then I am expecting another pump to reach 48 500 USDT.
On the chart, you can see a symmetrical triangle, and the price went above it; unfortunately, it was a false breakout / fakeout. Usually, what happens after such an event is that prices reverse and go in the opposite direction. Triangles are usually marketed as wave (4) from the Elliott Wave perspective.
36,600 is a strong support because it is in the middle of the previous consolidation. Also, this is the first major swing low, right before the previous pump. There is definitely a lot of liquidity, which is a magnet for whales.
Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
The Phoenix Rising - Reliance CapitalWhat goes Up will come down, What goes down will Rise Up - This is Universal Law
Abiding by this law - Reliance Capital - The once sunken stock - declared bankrupt - Resurrected by Hinduja Group (IndusInd International Holdings) which bought Reliance Capital for approx. 9,600 Crore.
The effects of these actions are seen on the Charts clearly - The Phoenix Rising from the deep. Recently the stock was removed from ESM Phase II - relieving it from restriction of being traded only on Mondays. From the New year - the stock is hitting 5% UC each day
Here are the confirmation of Bullish Reversal
The classic HH-HL structure indicating Bullish Reversal on Monthly
HH-HL formed at 0.786 FIB Retracement which is a very reliable bounce level
A Beautiful Rounding Bottom Structure on Monthly
Symmetrical Triangle formation
BO is pending both on Rounding Bottom & Symmetrical Triangle - BO above 15 WCB will take to targets of 42, 52, 78
Word of Caution: This is still a Risky bet - The above suggestions are for those beaten down souls already holding the stock for quite long. Hold your breath - Keep up your hope and Patience - good times are ahead. New Entrants - better to stay away from this script until stronger bullish structures are formed
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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Gapped But Not ForgottenFINNIFTY after a series of up sharp down moves is headed towards the zone where an earlier gap was not met. From my recent experience, gap up and gap down are always filled back either in the short term or a while after. Here we see FINNIFTY heading back to the unfilled zone which lies between 21305 to 21285.
After a heavy downfall today, the index formed a symmetrical triangle pattern which could possibly head to clear the old dues. Also, just below the unfilled zone lies the recent touch zone of 21280 to 21270 having served as previous support & resistance in December 2023. Whether that happens tomorrow or not, it is yet to be seen.
3 Vs 3 but waitI sold all my bitcoins last week, anticipating this moment. What we are witnessing here is a consolidation point. There are three structures that could drive the price down to 28K and three structures, including a well-formed bull flag, that could take us to 47K.
The intriguing aspect here is the presence of a symmetrical triangle that could cancel all the bearish structures, once again pushing up the price.
catalyst events:
Delayed bitcoin ETFs
Released Bitcoin ETFs
HINDALCO - LONG TERM ANALYSISHINDALCO is moving in a SYMMETRICAL TRIANGLE
A good opportunity in HINDALCO either we for long / short by seeing the break out accordingly...
For the time being wait and watch.
Follow the levels, I have given above chart
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HAPPY TRADING GUYS