Trianglepattren
Nikkei - 4 Hour - Triangle Breakout We're seeing this setup across a few indices but here on the Nikkei we've recently had a completed ascending triangle pattern which has broken to the upside & is now starting to consolidate.
My initial prediction was that IF we break to the upside from this ascending triangle THEN we're likely to continue higher.
Now the question is IF we're likely to continue higher THEN where are we likely to go & how are we likely to get there.
The answer to the first question is our most recent major level of structure resistance & the answer to the second question is either by a pullback to previous structure resistance (now turned potential support) or by the formation of a high & tight flag pattern followed by another breakout.
Hope this idea was helpful. if you have any questions, comments or want to share your opinion fee free to leave them in the comment section below.
Also, if you're around I host a TRADE OF THE DAY Live Stream here on Tradingview each Tues, Wed & Thurs at 7:30 am NY, 12:30pm UK time. Feel free to join the discussion.
Akil
BTC/USDT broke the triangle to Go higher levelgood morning From lovely Iran
if you can read the chart so good for cause everything is on the chart.
if you can't see well, we have great triangle pattern that is active now and its going to higher levels according , the base of the triangle that is about 29%, and there are very strong resistance which is Flat senko B on ichimocu daily setup...
so good luck traders.
BTC will pump I thinkBTC are testing triangle line
I think BTC can broke triangle with a pump the market health is good and we have seen BTC are testing triangle
If BTC broke triangle we will see a big pump to $28k and touch the Big resistance line
but if BTC can't broke line we will see a range for #BTC
TFUEL Descending Triangle target met $TFUEL Descending Triangle price target of $0.0631 met in the 4H chart. We can also observe the exit position triggered.
USD/CAD -15/07/2022-• Falling oil prices, massive USD strength underpins the pair's bullish move
• Following recession fears, oil prices are trading sharply lower in the recent days and are now back to pre Russia-Ukraine war
• Higher demand for safe haven USD, is putting pressure on all the pairs across the board
• As a result, Loonie is losing strength against the Greenback, trading back above 1.30
• Hawkish BOC rate hike failed to convince bears, which surrendered shortly after reaching levels near mid 1.29s
• In my recent posts, I highlighted a bullish ascending triangle pattern and stated that a successful, clear break above it would trigger a massive rally of the pair
• So far, the breakout is successful thus I am expecting further rally towards 1.3630 level, a previous resistance that held prices twice in 2018, which also coincides with the 61.8% retracement level of the 2020-2021 major decline
• Bullish trend remains intact as long as above 1.2950
long MATICThe ascending triangle on $MATIC is breaking to the upside. Rise to resistance at 0,57$ is expected to happen.
Triangular Apex TheorySo, some boredom just watching the market develop any short-term direction, and was messaging with a few other traders.
Had a few people ask me for a more in-depth explanation on the whole triangle apex theory thing. I run through the last triangle we were in, and this current one, and break down the math involved in using them.
I'd say they tend to be over 80% correct, and usually when they don't work out, I find that it was my own error. I again, don't trade off of these. I trade off of trends, but like any indicator, I use them to assist in my trading. So, feel free to just look at it as another tool in your toolbox that you can use as a guide in your own trading strategy.
Disclaimer - This is not Official Financial or Investment Advice.
Ethereum in an Ascending Triangle. It's Time for a Pump?It seems that sellers are exhausted (for now), and cryptocurrencies are showing signs of recovery. The leading altcoin, Ethereum, is in an ascending triangle on lower time frames. It is a bullish pattern that tends to break above the horizontal boundary.
If that happens, we can buy ETHUSD.
The target should be equal to the triangle's height.
Stop-loss, below the triangle's horizontal line, with some space so the trade can breathe.
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EURAUD, The Triangle Pattern CompletedEURAUD has completed the ascending triangle this morning. We can long EUR against AUD, with a target of 1.62. The target is determined based on the triangle's height. We measure the height of a pattern and use that distance as our target.
Stop-loss should be placed below today's low. That gives us a great R:R.
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AUDUSD on course to test below 0.64?As with its Kiwi counterpart, AUDUSD now looks to be breaking down from a bearish Descending Triangle chart pattern. The setup's measured-move downside objective is implied just below the 0.64 figure. Reversing back above the near-term swing top at 0.6919 may neutralize immediate selling pressure.
Breakout coming on on BTCUSDAfter offering multiple sell opportunities, the BTCUSD pair is now consolidating on the 60m timeframe.
Similarly, the RSI Exhaustion at the bottom is consolidating as well.
Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).
Remember to stay patient and always look for confirmation from the indicators!
VISA Downtrend TriangleNYSE:V
This is a continuation pattern that indicates that sellers are more aggressive than buyers, and is usually resolved with a break of the downside trendline. The signal would be deceived a close under the lower trendine with an increased in Volume . There might be a comeback move after the break of the lower trendline, but it should encounter resistance in the lower trendline.
USDCAD - DESCENDING TRIANGLE BREAKOUT 📉the USDCAD price reached a daily resistance level and is in descending triangle pattern .
the key level has broken 🔥 i'm waiting for a retest (sell confirmation)
i predict a bearish move 📉
TARGET: 1.25587 🎯
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