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Trianglepatterns

AAL False Breakout of September ChannelAs AAL is stuck in a decending Triangle it looked hopeful on Thursday for a breakout. Unfortuntly the market did not agree forcing it lower for the month. AAL will now open in the middle of the September channel. Depending on market open reaction I expect it to test the restances at 19.66 19.83 - or - test the support at 18.94. There should be a Reversal play either way. The big support can be found on the monthly at 18.27 Alerts Ultimatly I am looking to short to complete the daily triangle soon.
NASDAQ:AALShort
by Bubu_
1
UNI/USDT { bullish bearish expanding triangle pattern }!!!!Hello Dear Traders! There are two possibilities: 1_ The correction wave is likely to be three-part = { ABC} and then the impulse wave begins and finally experience the rising price. 2_ the correction wave is ABCDE and then the impulse wave and then we'll see the price drop. Tomorrow and the day after tomorrow will make future events clearer BINANCE:UNIUSDT what's your idea, Leave a comment and share your idea. thanks 🙏🌹
by Donvito84
BA Filling Out Huge Triangle1. Boeing is filling out a huge triangle, with the base formed by the 75% price drop from March 2020. It has consistently tested the bottom leg of the triangle and responded with strength, each time reaching the top leg of the triangle. The triangle is narrowing around current price, and a break to the topside would yield significant upside after this long consolidation. Repeated strength at the bottom leg is significant to the bull case, and currently indicates upside strength. 2. There was a fake breakout of the triangle in March of 2021, forming a small peak at 260.00. A few months later, price touched the top of the triangle at 258.00. The next target on the triangle is around 262.00, so the resistance range is 258.00-262.00. 3. Price just tested the bottom leg of the triangle, and the 200 EMA (blue) has fallen out of the triangle. For the bull case, the 200 EMA needs to cross back into the triangle for confirmation of a continued uptrend. Following this, price should test the top of the triangle and continue to fill it out. Earnings at the end of the month could weigh heavy on price, and a positive report can break the triangle to the upside.
NYSE:BALong
by desai0820
1