Get started

Trianglepattren

Pickup your golden ticketWe have a Triangle Pattern completed on TSX:NGD with confirmation on many fronts. Let's look at the confirmations. 1) MACD Trend Strategy breakout occurring. I really love this strategy and it has done really well for me in the past. The sell signal here will be when MACD Line crosses back under the signal line. 2) We are trading above the moving volume weighted average price. Since this line is sloping upwards this can indicate that prices will increase. 3) RSI is at a healthy level of 66 and previously broke out of its trend line. RSI hasn't reached over-bought levels so we still have room to move up. Stochastic ties in here since it is also at a healthy level. 4) ADX/DI Trend is strong in the positive direction. We have wind in our sails with this good momentum. 5) Triangle chart pattern confirmed with higher than average volume. Here is the chart depicting the above confirmations: With gold on the rise, this stock has the perfect setup to catch this rally.
TSX:NGDLong
by EpicWasteland
#BITCOIN - Triangle Pattern In Elliott Wave Theory - Part 2 -BTC Decision Time Will the $9K Fortress Fall? There is a seriously crazy amount of stuff happening in the world!. - Global pandemic. - A very just and long overdue fight for equal rights. - Economic turmoil. The list can certainly go on, but we'll only add one more thing to it — DECISION TIME FOR BITCOIN. It is very likely that Bears will once again storm the $9K BTC fortress, but will they finally succeed where they have been soundly defeated on several recent occasions? The Last weeks, bulls were routed, trounced , decimated , by staunch $10K defenders when it blasted clear of the five-digit mark only to violently crash back into the $9,000 region. Here are a few of the predominant factors holding BTC under. Focus on Traditional Markets Retail traders are nowhere to be found, as has been the case since civilians were completely and utterly "REKT" after the 2018 bear market. That leaves the vast majority of price action up to the pros who have a lot on their hands as of now. Compared with traditional market traders, there are far fewer traders whose sole focus is on cryptocurrency. Meaning most traders are dabbling across several different types of assets — and not all of them digital . With the irrational-but-widely-accepted ongoing bull market in the Dow Jones; S&P500 and Nasdaq showing little sign of letting up, the spotlight on digital assets has dimmed. There Is Still a Pandemic. (In Case You Forgot) Simply put, there is still a pandemic on. This thing is just throwing a curveball no matter how you look at it. Currently, it is impossible to say if the pandemic is a boon or hindrance to Bitcoin's fortunes. But, logic might tell us that under such circumstances, an unabated rally to the moon is just not in the cards yet. From prior experience, Bitcoin always loves a good counter-trend rally, with the recent move from the $3,000s back to $10,000 being another one for the books. Nonetheless, the insecurity around the economy and the whooping America has taken at the hands of the virus (being the world's leading source of BTC trading activity) means the bull-case is still psyched out. $10,000 Is a Major Psychological Hurdle!. Certain numbers are powerful. For Bitcoin, 10,000 is just such a number. Try as it might, BTC hasn't been able to completely break free of the orbit caused by 10,000's gravity. Even after posting major gains and sustaining prices near the $20K mark, the Bitcoin pendulum has swung wildly even without the myriad forms of turmoil seen today. Getting near the $10K mark has already been a very wild ride, and breaking through it will be one, too. The reason we've seen such swift rejection at or above $10,000 recently is that bears need to exert immediate and definitive downward pressure to keep the psychological barrier in play. Too much time spent above $10K will give hope and gather forces on the other side of the equation. So far, bears have shown more power in defending their fortress, but the longer that fortress remains sieged by prices hovering nearby, the sooner we can hope it will fall.
BYBIT:BTCUSD.PShort
by ferGOD
4
#SIEMENS | NSE | 1D | LONG | #SYMMETRICALTRIANGLE01) Symmetrical Triangle 02) Stock Trading above 20 EMA 03) Breakout Candle - 03-07-2020 04) Check High Volume 05) Target - Check Green Arrow near Channel Top 06) SL - Below Swing Low / Below 20 EMA ------------------------------------------------------------- Note : This study for educational purpose only. ------------------------------------------------------------- Please like, share and follow for new positional ideas. Comment if any querry. ------------------------------------------------------------- Twitter - @bagade_arvind
NSE:SIEMENSLong
by AVBAGADE
2
Possible bull continuation at the bottom of a forming triangleTriangle formation at 1D time frame. It is resisted three times to the long side along the trendline. It also supported two times the second time with a hammer at the bottom. I could possibly continue up to the bull side if we get one or preferably two more confirmations to enter. It could also retest and continue down to the main upward trendline, but again we need more confirmation to enter either side, but for now I am inclining myself more to the bull side.
NYSE:CHGG
by gsotolongo