Get started

Trianglepattren

Descending Broadening Wedge - #AAPL Descending Broadening Wedge ( Reversal pattern ) $AAPL Price makes a low and rises. We then track price as it rises away from the low. We are looking for lower highs and lower lows in a tight range. The lower highs make a falling trendline, this forms the upper boundary to our pattern. The lower lows make a lower falling trendline, this forms the lower boundary to our pattern. With the Descending Broadening Wedge formation we are looking for two touches to each trendline. Both the upper and lower trendlines should fall. The lower trend line should fall more steeply than the upper trendline thus forming the broadening wedge. Tall and wide patterns work better than short and narrow patterns. Descending Broadening Wedges tend to breakout upwards. Swing traders can trade the pattern from top to bottom and from bottom to top. After the trendlines are formed, as soon as price touches the upper trendline go short. Cover this short (exit the trade) when price reaches the lower trendline. As price touches the lower trendline go long (buy). Place your stop below the lower trendline. Trade price upwards to the upper trendline. Exit this trade here. When price breaks the upper trendline and closes above it this signals a breakout. Go long (buy) here. The target is the first (highest) high in the pattern.
NASDAQ:AAPL
by K-alonzi
1
MATIC- breakout failure Hello everyone In the past couple of days we have seen some good momentum in the market , but sadly we can see divergence in 4 hours chart (green candle peaks on 20 Apr & 22 Apr),And we have a big shadow on the daily candle so far, Plus we had a half hearted rejection on our weekly trend line(The big red one).Consider this too, market been making higher lows on daily,but until I see a breakout on the red trend line, I think it's going down. So far, my observation shows a possible breakout of the current channel on daily and maybe we have the price in between 1.3$ and 1.225$( It depends on today's candle very much). Hope you guys make good money anyway.
M
by HubAlgo
GBPUSD - will the divergence save the market ??Hello everyone We have seen too many red candles in the past month on the daily chart of GBPUSD .Now for the continuation of price ;We have a place for the argue of the existing divergence in the market and RSI ,but remember ,the existing pattern is a triangle and the price kept making lower high's in the past month or so. In my opinion the continuation of the triangle pattern is more likely ,but in the other hand ,We have not seen such good spikes in the volume in GBPUSD since the end of Jan 2019 ,but I think this will not stop the market from the current momentum of the market .So we will have a breakout from the current support level 1.3$ and see the price enters a new channel .
by HubAlgo
FIL/USDT symmetrical triangleFIL/USDT pair is forming lower highs and higher lows following two sloping trend lines that eventually intersect. We expect that breakout can be in any direction. To determine take profit(TP) zones we can apply the measurement rule for symmetrical triangles: compute the formation height from highest high to lowest low and add to or subtract the difference from breakout price depending on the breakout direction. This time we have support zones near expected price goals (in an upward direction 21,7/23,5 and in a downward direction - 16.8/18,45) so we can set up our TP zones in that support/resistance zones.
COINBASE:FILUSD
by Deviantor_Wayne
S&P500 turned bullish A good trader has to adopt for the change in trading environment. the so long correction in s&p500 index is in a wedge shaped and now broke-out with 5 waves. the 1st confirmation for bullishness (formation of wave''E'') is set as this BO (5waves)exceeded 62% of wave 'D'. wait for 2nd confirmation ,a pullback up to 38% of new wave 'A '(4455)this week (FED int rate will be a surprise),buy above 4640 (3rd confirmation) IF all set, the S&P500 rocket will climb to reach its targets (4930,5400)during this earning season
SP:SPXLong
by selvamB
1
BTC/USDTFirst went long at $39.600, then bought some more at $41.180 (kinda nailed the retracement). Current average price is §40.390, so were in small profit at this point, around 3.3%. As long as we can stay above the diagonal support trendline oft he ascending triangle I am bullish on BTC. It looks to me as if we have gained supprt at the trendline together with the fibonacci golden pocket. As long as we can stay above the trendline I will continue to DCA into bitcoin and possibly some Altcoins. If we brake the triangle to the upside I expect price targets at around $52.000 up to $56.000, that is also the prince range where I would start to sell my positions. This would also be de 0.618 retracement of the 1D downtrend from $69.000 to $32.000 and the 0.782 fibonacci speed fan. Remember though, I am a beginning analyst and I am never a 100% sure, but the way I understood the concept of Speed Fans according to John J. Murphy, the break of the second Speed Line ( 0,618 - 0,666 in my case ) would be a massive bullish sign since it indicates a confirmation of a trend reversal. I wil keep this one updated since it it leading to me. I will use the data of this chart to determine whether it is a good time to buy some altcoins. Feel free to give feedback! Feel free to shill the next 100x to me! PS: I still have room for 1 or 2 altcoins during booming season, so feel free to share some good projects. I will share 10% profit with you if it plays out.
Long
by AnitaDollar
2
XTZ (TEZOS) ANALYSIS UPDATEGood analysis is not the one that is perfect but the one that has numerous backup plans to reduce probability to the minimal. Following XTZ for the past few days we have 4 different pattern in place the up trendline which failed along the line, the Wolfe pattern which was truncated, the ascending triangle which as well failed (got me remembering the old time rule which says never risk more that 2% of your portfolio on triangles), and finally, the rectangle pattern!. Now its heading towards resistance of the rectangle. if price closes above the rectangle with volume then go long else, watchout it could still go back to it origin.
by DewyCandles
BTCUSD: Next step after breakoutHello traders! Today BTC showed a move that we were expecting from it. The market dipped and broke the pattern and touched true reversal point, I was expecting a pinpoint accurate reversal from 38786 but it dipped lower than that and that's not a good sign. Now we have to take action according to reaction, it's only because it was not a pinpoint reversal. There is a strategy that we will use to tackle this situation. BTC is gonna play with many traders and my methods know exactly how it will play. I have drawn two scenarios on the chart and we will take action according to that. The first scenario is when BTC retests the breakout perfectly and moves down then we will buy, it is the time when everyone will sell and we will buy. The second scenario is if BTC continues its move towards the upside without retracement at the broken trendline. This is a scenario that I don't want because if BTC continues its movement towards the upside then it will fall and the next dip can touch 35K. Let's wait and react. Also, I thank the Almighty for the Perfect strategies which show me the correct way. Don't forget to hit the like and follow to stay connected
Long
by Aadil1000x
11
JICPT| Crude oil at the crossroad with decreasing volumeHello everyone. Crude oil has been really volatile since Feb mainly due to the supply issues. Price has been retreated from the high created on March 7th by almost 30%. It formed a triangle shape with solid demand zone(92-94.81) being tested twice. From the daily chart, we can see crude oil is at the crossroad. One possible scenario is the sideway move between the range of $92-$105. What do you think? Feel free to share your thoughts below.
OANDA:WTICOUSD
by JICPT