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Trianglebreak

Binance Coin - 10.000% RallyHello Traders, welcome to today's analysis of Binance Coin. -------- Explanation of my video analysis: After the break and retest on Binance Coin back in 2020 we saw an insane rally of +10.000% towards the upside. Recently BNB then broke out of a longer term triangle continuation pattern and can now potentially create a similar rally. I am now just waiting for a break and retest of the structure mentioned in the analysis and then I my first target is the previous all time high. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
CRYPTO:BNBUSD
by basictradingtv
11
SPY developing triangleDeveloping triangle on SPY. The context doesn't provide much clue which direction it will resolve. We have clear trend reversal signs on daily chart (Lower high is set) but weekly consolidation has not yet started so there is still opporunity for bulls to set daily higher low. Adding to bearish side is slightly unfilled gap from Tuesday. But this is very minor sign. I'm not inclined to develop any directional bias at this stage. You can still trade triangle but with caution.
AMEX:SPY
by hermes_trisme
Sell GBPUSD at UK RecessionThe GBP/USD pair on the H4 timeframe exhibits a potential selling opportunity due to a recent downward breakout from a symmetrical triangle pattern. This pattern suggests a period of consolidation followed by a potential trend continuation in the breakout direction. Key Points: Triangle Breakout: The price has been confined within a symmetrical triangle, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.2600 signifies a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price of 1.2630, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the support level of 1.2350, marking a previous support zone within the triangle. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the triangle, ideally around 1.2750. This helps limit potential losses if the price reverses and breaks back upwards. Thank you
Short
by KABHI_FOREX_TRADING
18
Microsoft - It's That SimpleHello Traders, welcome to today's analysis of Microsoft. -------- Explanation of my video analysis: In 2019 Microsoft stock started creating a major bullish trendline which was tested again in 2020 and also the beginning of 2023. Furthermore Microsoft also broke out of a massive ascending triangle formation and is now just looking extremely bullish. If Microsoft retest the previous breakout area mentioned in the analysis, we will be looking for long continuation setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:MSFT
by basictradingtv
3
Intel - Potential Trading SetupHello Traders, welcome to today's analysis of Intel. -------- Explanation of my video analysis: In 2017 we had a major triangle breakout on Intel which was followed by a +70% rally. Then in 2022 Intel broke major support towards the downside and reversed perfectly at a major previous structure. Since Intel is now back to a bullish market, I am just waiting for a retest of the level mentioned in the analysis and then I will be looking for long continuation setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:INTC
by basictradingtv
4
NIO - more downside soon? Target 5.50I am following NIO with one eye, now switching to two eye. Even though NIO could have a bright future for the long run (years), I see more downside incoming. The formed head and shoulder within the symmetrical triangle broke to the downside (breaking also the triangle), and as expected retested the HOS neckline (and the triangle). As expected, it got rejected, also bumping into the 200 SMA (4hr)with a huge rejection, confirming it is still in a strong bear-trend now. We are also way below on the 200day SMA, and also the 200week SMA. On the weekly, we are loosing momentum, but some upside is expected on the short-term. I assume (but price actions will tell), this short term uptrend will help to finish the smaller formation on the new Head and Shoulders, which I highlighted with paintbrush in white. Currently, we are in the consolidation zone, chances are, we are going up a bit to create the top of the right sholder with the target of 9.40-9.60, then going back down to the consolidation zone. Also, there is a possibility we have a very shallow right shoulder almost formed already, going down directly, I will wait for confirmation. We are also below the 9day&15 day MA, and also below the 21day EMA. All theese will possibly be huge resistance. Very short-term : uptrend target - ~9.40 Short-term: downtrend target: ~8.80 Low Mid-term: downtrend target: ~8.00-7.70 High Mid-term: downtrend target: ~7.10 Long-term: downtrend target: ~5.50
NYSE:NIOShort
by tommtajlor
94
Tesla - Is It A FakeoutHello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: After Tesla broke out of a long term triangle formation in 2019 we saw a pump of +1.500% towards the upside. Tesla is currently once again forming a (bullish) triangle pattern but broke short term support towards the downside. If we see a retest of the bottom of the triangle which I mentioned in the analysis, I am looking for longs to capitalize on a potential bullish rejection. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by basictradingtv
3
Buy GBPJPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe displays a bullish signal through a recent upward breakout from a symmetrical triangle pattern, suggesting a potential buying opportunity. Key Points: Triangle Breakout: The price has been consolidating within a triangle formation characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break above the upper resistance line at 186.30 signifies a shift in momentum towards the upside. Buy Entry: Consider entering a long position around the current price of 186.45, offering an entry point close to the breakout level. Target Levels: Initial bullish targets lie at the resistance levels of 187.45 and 188.05, marking previous resistance zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken triangle at 186.00. This helps limit potential losses if the price reverses and breaks back down.
Long
by KABHI_FOREX_TRADING
20
Gold - Prepare For The BreakoutHello Traders, welcome to today's analysis of Gold. -------- Explanation of my video analysis: In 2007 Gold started creating a major bullish trendline and just recently retested in in September of 2022. Furthermore Gold has been trying to break above the $2060 resistance area for quite some time now. Eventually I do expect a breakout but we could see another rejection down to the trendline mentioned in the analysis where I will be looking for more long setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
OANDA:XAUUSD
by basictradingtv
3
EURUSD Breakout OpportunityHi Traders! EURUSD is in a descending triangle, and there is a possibility of a break below the trendline support. Here are the details: The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline at 1.07237. Preferred Direction: Sell Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Berkshire Hathaway - BreakoutHello Traders, welcome to today's analysis of Berkshire Hathaway. -------- Explanation of my video analysis: In 2013 Berkshire stock broke above a key resistance area which was acting as resistance for multple years. This breakout was followed by a +300% pump towards the upside. Last month Berkshire stock then also broke out of a long term triangle formation. If we get a retest back to the previous resistance mentioned in the analysis, I will be looking for long-continuation setups. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NYSE:BRK.B
by basictradingtv
5
Double Bottom Breakout and Symmetrical Triangle = PUMPInternet Computer (ICP) has undergone an extended period of trading within a horizontal accumulation pattern, accompanied by the formation of a significant double bottom pattern with a liquidity grab. Following the successful execution of the double bottom pattern, ICP broke out from the accumulation range, and it is currently trading within a symmetrical triangle. The anticipation is for a potential upward breakout from the symmetrical triangle pattern. 🔄 Horizontal Accumulation and Double Bottom Formation: ICP's extended consolidation within the horizontal accumulation pattern provided the groundwork for the formation of a double bottom pattern. The pattern is characterized by a strategic liquidity grab, indicating a shift in market dynamics and potential accumulation of positions. 🚀 Double Bottom Breakout Impact: The successful breakout from the double bottom pattern signified a reversal of the prevailing bearish sentiment. This breakout is indicative of increased buying interest, potentially paving the way for a sustained upward move. 🔍 Symmetrical Triangle Formation: ICP is currently trading within a symmetrical triangle, marked by converging trendlines that create a triangular pattern. The symmetrical triangle often represents a period of consolidation and indecision in the market, with the potential for a significant breakout. 💡 Anticipating Upward Breakout: The symmetrical triangle pattern suggests that ICP is coiling within a tightening range. An upward breakout from the symmetrical triangle could signal a continuation of the bullish momentum initiated by the double bottom breakout. Traders and investors may anticipate potential higher price levels if the symmetrical triangle is breached to the upside. 🔮 Future Outlook: The technical analysis indicates a favorable setup for ICP, with the successful execution of the double bottom pattern and the current consolidation within a symmetrical triangle. Traders should closely monitor the price action for confirmation of an upward breakout from the triangle pattern. The cryptocurrency market's dynamic nature emphasizes the importance of adaptability and risk management in trading decisions. If the symmetrical triangle is decisively breached to the upside, it may open the door for further upward movement in ICP.
by AlexWhale
Sell GBPJPY Triangle BreakoutThe GBP/JPY pair presents a potential selling opportunity on the H1 timeframe, fueled by a recent bearish breakout from a triangular consolidation pattern. Key Points: Bullish Triangle Breakout: Though seemingly counterintuitive, the price has broken downward from a bullish triangle formation, characterized by converging resistance and support lines. This often indicates a reversal of the prior upward trend and a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price near 187.40, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 186.05 and 185.16, marking previous support zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken triangle at 188.70 Fundamental Updates : Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP and benefit selling GBP/JPY. Thank you.
Short
by KABHI_FOREX_TRADING
8
Alphabet - Wait For The RetestHello Traders, welcome to today's analysis of Alphabet. -------- Explanation of my video analysis: Back in 2012 Alphabet created a beautiful triangle formation and after we saw the breakout Alphabet pumped more than +750% towards the upside. At the moment Alphabet is creating a solid resistance area at the $150 level. If we get a retest of the bullish trendline which I mentioned in the analysis, I am looking for longs and eventually new all time highs. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:GOOGL
by basictradingtv
6
Pfizer - Watch The SupportHello Traders, welcome to today's analysis of Pfizer. -------- Explanation of my video analysis: All the way back in 2012 Pfizer created a massively bullish triangle reversal pattern at the $17.00 level. This was followed by a +200% rally. Since 2022 Pfizer has been dropping significantly and is now retesting the support level which I mentioned in the analysis. If we see bullish conformation on the smaller timeframes, this might be an interesting long trading setup. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NYSE:PFE
by basictradingtv
7
Sell GBPAUD Triangle BreakoutThe GBP/AUD pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downward breakout from a triangular consolidation pattern could offer a shorting opportunity. Key Points: Triangle Breakout: The price has been confined within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.9265 suggests a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price near 1.9265, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 1.9114 and 1.9027, marking previous support zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order above the resistance 1.9400 Fundamental Updates : Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP and support AUD selling against it. Risk-Off Sentiment: A general deterioration in global market sentiment could drive investors towards the safe-haven AUD and put downward pressure on GBP/AUD. Thank you.
Short
by KABHI_FOREX_TRADING
3