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Trianglebreaout

TTC - D1 - TRIANGLE BREAKOUT - YES OR NO ?D1 : Yesterday^s closing below both TS and MBB with an intraday low @ 33400, close to my technical target of 33250 mentioned yesterday morning in my previous post. On going price action is showing a POTENTIAL downside triangle breakout which should be confirmed on closing basis this evening. A closing outside of the triangle would be the first signal of a trend reversal, calling for lower levels. (pls see H4 update after 9am, Swiss time) :-) May your long goes up and your short goes down. Have a great trading day All the best
BITSTAMP:BTCUSD
by Ironman8848
1
EHTH has Broken Out of Bullish Symmetrical TriangleI published the following on January 6th: Bullish symmetrical triangle has formed on EHTH... Looks like it will attempt a breakout soon which would bring some really nice upside. If a breakout occurs I expect price to easily climb back up to $90 and anticipate it could go as high as $120. Based on my fundamental analysis I have a $115 price target for EHTH which is reinforced by the indicated chart pattern.... UPDATE on January 20th..... EHTH has finally broken out of the bull symmetrical triangle and is up over 8% on the day... I expect this run up in price to continue and fully expect to reach price target 1 in the very near future.... It will be important to continue watching price action as we approach target 1 level as we may hit some resistance here, however, if we break through this price target I am confident EHTH price will reach the $110's
NASDAQ:EHTHLong
by LivermoreGrahamDisciple
5
TSLA People's ChampTSLA is no doubt the most controversial stock. It has weathered the storm of 2020 yielding incredible returns. So where to now? One thing I can see on the chart is that TSLA loves triangles!! I'm looking for a break of the most recent triangle and the break of the upper trendline along the recent RSI highs for entry. Triangle/RSI breaks appear to be preceded by tapering volume. Granted, any volume levels coming from the most recent monster volume day (12/18 = 222mm shares) looks like tapering. Let's see how this plays out.
NASDAQ:TSLALong
by NetWorthFocused
20
EOSUSDT is trying to have a breakout from monthly resistance 🦐EOSUSDT is trying to have a breakout from monthly resistance. IF the weekly candle closes above the weekly structure, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
14
Why this time things might be different for BTCHello, Looking at the bigger picture, Bitcoin is very close o confirming one huge achievement: exiting the enormous descending triangle it had entered 2017. I think if the breakout gets confirmed on the weekly timeframe, the other two patterns I have on the chart might have a chance to play out: 1) V-shape bottom, with a target close to 16k 2) Descending broadening wedge pattern, with a target close to 18.6k. I observe that no one is talking about this pattern. I just spotted it. What's interesting about this scenario is that the possibility to touch 3,8k price was there all the time and COVID-19 was only the spark(the story that the big players needed). Jesus, only if I could've spotted this in February! :) This pattern also implies that if BTC doesn't continue its rise, and will reenter the broadening wedge, the price can hit 2k, near the lower part of the broadening wedge. An unlikely scenario, if you ask me. Can we fall from 9.9k(where we are at this moment)? Absolutely! But I think we are getting more and more close to entering a bull market. Will it be this year? Will it the next year? I don't know. :) Good luck with your trades! Sisif
BITSTAMP:BTCUSDLong
by Sisif_trader
1
GOLD: Eliot wave analysis on triangle pattern & retest strategyGOLD: Eliot wave analysis on triangle pattern & retest strategy Here is another strong and clear confirmation for GOLD Long. Technical indicators are more in the upward side after the rejection after retesting the uptrend of the local triangle pattern (It is a reccurence over the hole week as u see in the chart, and that reflects the buyers intention...) SHORT-term analysis (1H time-frame) : GOLD seems to be ranging in the area of 1693 and 1698 waiting for volume to go up very horribly (That is always realized in the morning from 6AM GMT to 16PM GMT) First Target: 1710 , once this résistance is broke the next level is 1720.
TVC:GOLDLong
by MarjaniFX
4
Confluence rejection: Breakout & Retesting the global Trend-lineGOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%) As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it was expected to retest thatTrend what contains now (and before) many pending orders ... to continue at the upside till the 1721 zone and then to the 1736 and so on. ** GOLD has proved now that it have more liquidity to go up for 1736 and the monthly globale UPRANGE! **Instructions: - Always wait for a reversal signal or confirmation before take any trade. - This is an idea to help you make a decision.
TVC:GOLDLong
by MarjaniFX
6