VET:USD broke out!!VET broke out of the triangle pattern and retested the resistance line as support.
We are currently hitting a strong resistance zone,
once we get past it we can expect A VERY strong move.
The price expectation for this pattern is 0.35 DOLLAR.
Trianglepatterns
GBP/USD weekly price prediction On Sep 28 price finally, break the long term triangle pattern from Jul 20. After that, the price continue with a strong bearish trend also on Sep 29, however the price last 3 days reverse and again test triangle pattern as supply zone as it is shown on the chart above.
If the supply zone at the area of 1.3650 will hold, we can expect that the price will continue to the downside and reached the first support at 1.3400 in the next few days.
DIXON - Strong Breakout - DIXON
- Clean Breakout forming a Triangle pattern
- Breakout from previous resistance at 4690
- Supported with Increasing Volumes
USD/CAD Technical AnalysisUsing the range between 1.26 support and 1.27 resistance, price has formed a triangle pattern and broken and retested the descending trendline. Coming off of the 0.618 level of the fibo, I expect this pair to ride to the previous high and major resistance which is the 1.29 area again. I have put my sl beneath the 0.618 level but I do not believe it will break the previous low of 1.2610 before going to the target area.
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.
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 🙏🌹
False breakout or Bear dominance?The price had break out through the channel over the past two days but it has retrace back to the channel for now.
As the price continue to rebound respect to the rising triangle pennant, the market direction are still yet to decide.
USDCAD H4 PROJECTIONReason:
1. Price trading inside expanding triangle
2. 4H break of structure
3. Mitigated 4H OB
4. Price bounce off at TL support
USDJPY H1 PROJECTIONReason:
1. Mitigated 4H OB
2. 1H Break of Structure
3. Triangle pattern has been broken towards down side
SLP UPDATEThe price is moving now into our direction, hoping for a deep continuation towards upside.. Bullish analysis still the same from our previous bias..
Previous analysis:
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.
Deepak Nitrite forming Triangle PatternDeepak Nitrite forming Triangle pattern heading towards breakout any side possible.
Upper Side Breakout will achieve an immediate Target of 1870 after then will moving towards 2000 levels
Downside Breakout will achieve an immediate target of 1700 and after that heading towards 1600 levels.
EURCAD - ShortBearish Symmetrical Triangle
- Following the bearish trend
- Looking for a break out below support of the triangle and retest before entry
- Bearish confluence among indicators
