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Trianglepatterns

APOLLOHOSP is ready to breakout triangle patternNSE:APOLLOHOSP large cap health care stock is touching triangle's resistance for 5th time in this year. With positive earnings and bull market, this breakout can sustain if pharma sector picks momentum again. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call. Profits are not made from following ideas, but by following Risk Management .
NSE:APOLLOHOSP
by samplespaz
1
Crude Oil Remains BullishHello traders, today we want to update our Crude oil chart compared to USDMXN currency pair from October 06. As you can see, Crude oil remains nicely bullish after we spotted a bullish reversal out of the wedge pattern. At the same time USDMXN pair is breaking out of bigger bearish wave B triangle pattern. Well, Crude oil is now trying to continue higher within wave C/3 at least up to 97-98 area for wave C if not even higher above 100 for wave 3. In the meantime USDMXN could easily stay in the downtrend within wave C with room even down to 18-17 area. What we want to say is that Crude oil can easily stay up, while USDMXN pair can face even more weakness, just be aware of short-term pullbacks. Trade well!
TVC:USOIL
by ew-forecast
MINDTREE is forming triangle patternNSE:MINDTREE large cap IT stock is forming triangle pattern. Even though it breaks triangle's resistance, only after breaking US resistance, good up move can be expected in IT stocks. However with trailing SL after strong break can be tired. Also know this news: NSE:MINDTREE and NSE:LTI to be merged. Upon the scheme becoming effective, all shareholders of Mindtree will be issued shares of LTI at the ratio of 73 shares of LTI for every 100 shares of Mindtree. The new shares of LTI so issued will be traded on the NSE and BSE. Larsen & Toubro Limited will hold 68.73 % of LTI after the merger. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call. Profits are not made from following ideas, but by following Risk Management .
M
by samplespaz
Crude Oil Can Be Turning Back To Bullish ModeCrude oil has been trading south for the last couple of months, but the price action is not so strongly bearish anymore and the wave structure is getting overlapped. It means that Crude oil is running out of steam within an ending diagonal (wedge) shape. Well, with current break out of that wedge pattern and with recovery above the upper ending diagonal line, seems like Crude oil found the support. However, from technical point of view keep in mind that bulls can be confirmed only above 97.50 region. One of the main reasons why Crude oil can be supportive is bearish USDMXN as they are in negative correlation. Looking at the USDMXN daily chart we can see it clearly bearish, currently finishing a big bearish triangle formation within wave B. So, it can send the price even lower within wave C towards February 2020 pandemic lows. Respecting the price action from technical point of view and wave structure from Elliott wave perspective, seems like USDMXN will face more weakness, while Crude oil may start recovering in an impulsive fashion. Happy trading!
TVC:USOILLong
by ew-forecast
4
Tesla Inc.: technical analysisNASDAQ:TSLA The shares of Tesla Inc., an American electric car maker, are correcting around 921.00. On the daily chart of the asset, the price is moving within the global downward channel with dynamic boundaries 1050.00–560.00 and is trying to approach the resistance line. On the four-hour chart, the signal is being processed after overcoming the upper limit of the local Triangle pattern around 755.00. There may be obstacles in the way of further upward movement of quotes, and the first serious of them may be the local resistance level of 955.00, which the trading instrument can reach today. Technical indicators signal continued growth: fast EMAs on the Alligator indicator are moving above the signal line, and the AO oscillator histogram is forming bars with an uptrend in the buying zone. Trading tips Long positions may be opened after the price rises and consolidates above 955.00 with the target at 1145.00. Stop loss – 900.00. Implementation period: 7 days or more. Short positions may be opened after a reversal, reduction, and consolidation of the price below 867.00 with the target at 754.00. Stop loss – 900.00. ******All indicator readings and price values are historical data. Past price behavior is not a reliable indicator of future performance.
NASDAQ:TSLA
by Solidity_best_options
Manausdt ; Long or what ?Mana has Broken up it's falling channel , Mana also could break up the static resistance on 0.91$ and it's pullback has happened which we can also assume it as rest to 0.5 level of retracement Fibonacci. I think after a tringle pattern Mana could reach to 1.33$ target. You can use my long Position setup with 2.75 R/R. Just take care of the stop loss. what do you think about Mana in 4H timeframe ? If you have any questions please feel free to text me .
Long
by ArminYousefi_Trading
3
BTC situationHI friends The current state of bitcoin has become frustrating for many traders In the long run we are in a process of suffering. But in the short term we are in a process of reform.The formed patterns mostly confirm the downward trend for us. But experience has shown that in such a situation, a sharp move occurs unexpectedly. Descending scenario: Bitcoin breaks its formed triangle pattern downwards and will fall to the price of 28,100. A pullback hits Area 29k , which is a strong support area , and continues to fall to 27,400. Ascending scenario: Bitcoin raises its price to 30700 with a sharp move and touches its resistance. Traders are assured of saturation and open sell positions. After suffering for a few hours in the area of 31k to 30400, it will break its resistance upwards and will have up to 32,000 upward movements. In this situation, by increasing the purchase volume , it will even be possible to touch area 33k .
by aliasadii
REEFUSDT is creating a triangleThe price is creating an ascending channel below the daily resistance of 0.005$. As you can see the daily area is very strong for the market, and the price got several rejections from that area. How to approach it? IF the price is going to have a breakout from that area, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
RLong
by InkyGrip
5
BTC planning for more dipHello traders! BTC is ready to fall more. Previously, it failed to give big bearish candles, but it is ready for a dip because this pattern is looking strong for sellers. Chances of moving down have a higher probability than moving upward. We will always go towards better probability. In this dip, it can touch 28700. It will form a new pattern at 28700 then we will look for the next move from there. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
3
Will Microsoft let itself be affected by negative events? ⚔️We tend to see triangles everywhere, we realize that this may be redundant for some, but all modes of chartist analysis are good to go. We also realize that the triangle Microsoft is forming is not the prettiest, but if it is truly a compression triangle, then we could be looking at an upside breakout. Only time will tell, I must admit that taking positions in these complicated times for everyone is a risky bet, which may or may not be taken for a good performance. Only two paths are possible, but which one will Microsoft choose?
NASDAQ:MSFT
by E-Auvergne