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Symmetrical Triangle

DGSTACC: VIX PREDICTION!!!!DESCRIPTION: The chart above is an analysis of the VIX and it current pattern formation of a SYMMETRICAL TRIANGLE FORMATION . POINTS: 1. Strong Support for VIX at 19.50 with current Demand Pocket Ceiling for FIB is at 25. 2. Move should occur by the 9th of January as price action would have to compress a lot more by then. 3. Current overall trend is a down trend that we have been seeing for VIX since early October. SCENARIO #1: If break of Symmetrical Triangle occurs towards the downside expect a bounce at 19.50 . SCENARIO #2: If break of Symmetrical Triangle occurs towards the upside expect resistance at 25 . *NOTE: NO RECESSION HAS EVER ENDED WITHOUT A VIX SPIKE TO 45 AT LEAST. TVC:VIX
TVC:VIX
by DGSTBROKERACC
DXY will trigger a huge crash! Best to stay in cash. Everything indicates that the recession in 2023 is pretty much inevitable. And when the Fed pivots, a market crash is almost guaranteed. Nothing is for sure, but it's based on historical statistical data. The DXY index is currently sitting at the strongest support ever created. It's the rectangle line + wave (3) + wave 1. As per Elliott Wave rules, in an impulse wave, wave 1 cannot overlap wave 4. Only a small wick is permitted. I think this is the best place for a trend reversal and a strong dollar again. Let me know what you think about the recession and the strong DXY dollar in the comments! I want to know your opinion! As you can clearly see, this is the monthly chart, and the price is following this ascending parallel channel. Since 2008, we have been in an uptrend, and trend is your friend until the end. I think if DXY drops below 101, then it's over and this channel is going to break down. The dollar will be weak, and the bull market is imminent. But now there is no point in speculating on a weak dollar; why would you do that? I don't think it's a good idea to short the support and long the resistance. But the majority of traders do that, which is a paradox. This is my update on the DXY index. The dollar is still in a strong uptrend, and from a technical perspective, the uptrend is intact. But let's see if the big players still want a strong dollar. We will discover soon! Happy trading!
TVC:DXYLong
by UnknownUnicorn2537518
66
Symmetrical Triangle on AUD/CAD @ W1A long-term symmetrical triangle has formed following a downtrend on the AUD/CAD weekly chart. It can serve as a continuation pattern for a bearish breakout trading opportunity. My potential entry is placed at 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 topmost point (0.92534).
Short
by AndriyMoraru
NKE - Could have bottomed?NKE tested bounced off a longer term horizontal support zone ($99 - $103) several times in the last 3 months and is now trading within a symmetrical wedge pattern. This could be both a continuation or reversal pattern depending on which side it broke out eventually. However, I suspect the eventual break will be more likely to the upside as the resistence turned support zone ($99-$103) has been holding up in the past few months, plus a bullish divergence can be seen in the monthly chart. Earnings expected on 29 Sep AMC. Guess we'll know by then where it is heading! Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NYSE:NKELong
by Juliac
1
LTC/USDT LONG SETUP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this LTC/USDT trade update. LTC looks good here. Breaks out from the symmetrical triangle in LTF. Expecting a 15-20% pump from here. Entry range:- $76-$77 Target1:- $80 Target2:- $84 Target3:- $88 Target4:- $94 SL:- $73.4 Leverage:- 5x-10x Long some now and add more in the dip. 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
18
SHIB Symmetrical triangle (could break down) Chart for referenceHello all ⭐🌏 Here📉, we notice that Shib has been forming this symmetrical triangle 👌▶ structure for about 3 months now📆📌 I suspect bitcoin will retest the ~15k area soon, and this could mean a drop in many alts as well. There is news of BlockFi filing for bankruptcy 👀🐻 Bitcoin price action and overall market fear due to BlockFi bankruptcy along with FTX bankruptcy could create panic sells🆗 Bitcoin halving cycle is almost complete as per past results, so this could get interesting. I expect extreme volatility in the coming days, feel free to check updates on my most recent BITCOIN analysis for more information on BTC price action Possible bullish : 🐮⏬ As for now, this is SHIB last chance to climb above that support level once again Let's see... Bullish scenario is that we bounce of the bottom of this structure and possibly breakout This is not advice Thank you so much Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome Jazerbay 🐕
by jazerbay
19
Bitcoin - The bears will crash BTC again! (Great opportunity) From November 21 to November 24, we had a pretty nice uptrend. It lasted only 3 days, and the structure of the uptrend is bearish. As per my Elliott Wave analysis, it was an ABC correction because I can see only 7 waves, which is a typical correction with an extended wave A. Bitcoin is the most bearish asset, and it's absolutely a pleasure to short Bitcoin or Ethereum! A new week started, and Bitcoin broke out of the symmetrical triangle pretty hard. October and November are extremely bullish months for Bitcoin, but this time we dumped, and Bitcoin continues in free fall. The right question is now: When will we reach 10,000? not if we reach 10,000. After we reach 10K, I think we will have a massive bounce back to 15K or so. Make sure to follow me so you do not miss important information on this expected bounce! If you want to trade bitcoin, the best strategy is "short only." So wait for pullbacks and shorts. I expect the ultimate bottom for Bitcoin to be between 6500 and 10300 USD. I am very happy to provide you with these analyses; stay strong!
Short
by UnknownUnicorn2537518
64
Ethereum - 28% crash is almost ready! (descending triangle) On ETH, the current market structure is extremely bearish. We can spot a descending triangle projection on the 4h chart, so for now the probabilities are for it to go lower. I believe the market wants to wipe out all stop loss orders above the swing high at 1234 USD, which is also at the 0.618 FIB. This is a great level to open a short position on futures. I will short all pumps on ETH until we reach 882 USD, the previous swing low from June 18th, 2022. Ethereum is pretty weak compared to other altcoins, and I am not surprised at all. As per my Elliott Wave analysis, the A wave is a 3-wave corrective structure. The bears are strong, and they want to push the price lower. Crypto will continue in the biggest crash in history. ETH can reach 400 USD next year, and BTC can reach 10 000 USD next year. I am naturally bearish on this chart, because why not? What is bullish here, let me know in the comment section! This is a brief and clear update. I hope you like it! I am not falling for this mini uptrend on the 1h chart.
Short
by UnknownUnicorn2537518
60
TWT - Wait for the breakout!Here's a quick look at the TWT 4 hr chart. As we can see, the price has been forming a bigger symmetrical triangle, and we may see a breakout soon. ------------------------------------------- The idea is: Buy when the price breaks above the triangle and take profits at the levels shown in the chart. Targets: 1. 2.34$ 2. 2.47$ 3. 2.6$ 4. 2.95$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
ETH: DECISION TIME SOON!! BULLISH OR BEARISH??Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this ETH update. ETH is currently forming a symmetrical triangle in the 4hr time frame. This symmetrical triangle is getting squeezed and soon we will see a decisive move. WHAT IS A SYMMETRICAL TRIANGLE? A symmetrical triangle occurs when the price makes lower highs and higher lows. This usually means that neither the buyers nor the sellers are able to gain control, causing the price to range within a triangle. The price usually trades between trend lines which act as support and resistance, preventing the price from breaking through to new highs or lows. You can trade using a symmetrical triangle by placing a trade when the price breaks through the triangle and trading in the direction of the breakout. The stop loss would go on the opposite side of the triangle. The take profit is placed the same distance away from the entry as the height of the back of the triangle. If ETH breaks down from the triangle then we will see a downside move and the price might come to around $1000 in case of a breakout we will see a bullish move. As of now waiting for a clear breakout or breakdown. What do you think here? Do you think we will see a breakdown and downward movement or we will see a bullish breakout? Share your views in the comment section. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
by CoreCrypto1
11
TOTAL M.CAP ALSO SHOWS BEARISH RETEST!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this TOTAL M.cap update. The total market cap looks bearish here. This recent pump just looks like a bearish retest. As you see in the chart, the total market cap breaks down from the symmetrical triangle in the daily time frame and currently rejecting after the perfect retest. Two important supports $700B and $550B are I'm looking for after this bearish retest. Invalidation:- Daily close above $860B If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You! The total market cap also indicates a bearish retest.
CRYPTOCAP:TOTALShort
by CoreCrypto1
9