Trianglepattren
daily analysis of BTCaccording to the chart, one can see that BTC is under the yellow and pink trend. both descending trend lines make a triangle pattern with the middle of the ascending channel. BTC is also confined between two moving averages 100 and 50.
In my opinion, the price tend to reduce and touch the lower moving average. then the next target might be the orange line
DJI LONG Until January 2024? *TrickyTriangle Gannzilla 35741.16 Bermuda Bahama bears run from the drama! Bull Market has picked up more steam a bull breeding pen in Pamplona. Watch out brittle European Bear, the American Bull will not be sitting dinner.
Combined with Gann technicals and weekly triangle pattern, the current, uptrend is on. Macro setup from higher lows on the monthly chart indicates promise for a MAJOR 3 year continuation of the current (11 year bull swing ) on Dow Jones Industrial Average $DJI
WOW. Bull market in full swing 2021.
GOLD Buy and Sell ideasGold closed below the triangle as shown in the analysis showing that gold could potentially go lower. However we could also see a fake breakout from gold with the news that sent the price of gold up on Friday. These are my ideas and where profits can be taken regardless of where the direction of gold.
BANKNIFTY - Triangle formationBanknifty has been trading sideways for the past 3 trading sessions.
At higher levels, it is facing supply pressure and at lower levels, demand is coming in.
Now for tomorrow
It can move in any direction, and there is a possibility of a trending move tomorrow, hopefully.
Support levels - 39428-39462 - opening and sustaining this level, might open a breakout probability from the triangle pattern.
However, gap down opening below 39420 or break below this level, could also mean a selloff, which can extend up to 38630 levels.
A beautiful short move for Dow Jones A beautiful short move for Dow Jones if resistant levels keep holding