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Trianglepattren

THIS BREAKOUT WILL CONFIRM THE BEGINNING OF BULL MARKET!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this Total Market Cap update. Looks very interesting. As you see in the chart, Total M.cap is verge on the breakout in the weekly time frame. Forming a descending triangle in the weekly time frame. If it gives a clear breakout this week, then this will be the confirmation of the beginning of a bull market. Or if we get a rejection from here then we see some correction in the market. As of now, wait for a confirmed breakout, and meanwhile, just do quick scalps. What do you think about this? Do you also think that the bull market will begin from here or do you think that we see another big drop before the bull run? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
CRYPTOCAP:TOTALLong
by CoreCrypto1
6
Mid-Range Trade opportunity on JP MorganHere is a good trade opportunity on JP Morgan. I will wait for the breakout of the resistance level and then enter after a successful retest to the resistance level, and if it fails to break the resistance level and breaks the lower trend I will Exit and close the trade. 1- You can get around 11% profit easily. 2- It might take 1-2 months. 3- There is also a dividend declared by the company ( Ex-date: 5th July 2023). 4- This is one of the most reputed and large-cap companies, so it should be considered safe! 5- Follow the instructions on the chart carefully, Feel free to modify the trade according to your risk. Disclaimer: This is not a piece of investment advice and I am not a certified financial advisor, I just found an opportunity and thought it would be great to share it with the community, Invest at your own risk, and feel free to modify the trade according to your risk profile.
NYSE:JPMLong
by strange112
BAJAJ FINSERVHello & Welcome to this analysis Stock appears to have gone into a triangle correction since its OCT 2021 high and could be currently in its iii leg. Immediate resistance at 1490-1510, above that 1600 and then a bigger one near 1750. While support comes in at 1460, below that 1400 and v crucial trendline support at 1300, failure to hold that would drift this stock into a medium term deeper correction else range bound between 1350-1750 for quite some is highly probable Happy Investing
NSE:BAJAJFINSV
by Dinesh_C_Nagpal
Possible Bullish pattern on ARRYNice and pretty strong pattern is forming on the weekly time frame on ARRY- Array Technologies, the one called Ascending Triangle pattern. The formation is clearly visible with three confirmations already made at the top, and the best part, once it reaches the bottom line of the formation the drop is getting smaller and smaller. Things to consider and watch: 1. Perfect entry point for me would be break of the upper line of the Ascending Pattern formation, sitting at price range from $23.76 to $24. 2. My stop loss would be a bit larger, sitting at $20, but I would be eager to act and move it up as the price goes up as well( of course if this happens). 3. First potential exit or adding to the position, depending on the price action, will be at level sitting at $27.88. 4. One of the best points in price, for potential take profit taking and the level I will be considering as the end of the Ascending Triangle pattern is sitting at range from $40 to $42.5 price level. 5. I have doubt about exiting the trade if it reaches the potential price of the pattern at $42.5, because the ATH price level will be just there, so I will surely let the price action tell me what to do and when to do it. Of course, this is just my two cents. Please do your due diligence before investing.
NASDAQ:ARRYLong
by De_Banis
Bank Nifty Trade Setup (09-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. t As mentioned in June 7th Trade setup price is moving in Ascending triangle pattern and to it took support near trendline. Trade setup for tomorrow: As we know patterns can fail today price took support near ascending trendline 1.) If opens flat and doesn't hold this trendline will look for short for target of support (43840,43700 and 43650. 2.) If it takes support at trendline will look for buying for target of 44141,44231 and 44300 or PDH. 3.) No trades in gaps only after solid setup. as i loose most in gaps some find easy to trade gaps. but they doesn't suit me. so will wait for good setup is there will be,otherwise no trades.
NSE:BANKNIFTY
by TradeInsights
Ascending Triangle Pattern In GodrejConsumerPr(Daily Timeframe)!We can see the Godrej Consumer Pr is making ASCENDING TRIANGLE PATTERN in daily timeframe. We know ASCENDING TRIANGLE PATTERN is bullish pattern so i am avoiding to take sell side position. This is my personal reason to take only Long side trade if price breakes and closes above 986.30 level. The stock is in consolidation zone about 16 months. So as per my understanding it has gain sufficient momentum to show the upside rally in further trading sessions. Entry = One can initiate the trade in the long side if prices successfully breaks and closes above 986.30 StopLoss = Stop Loss below 943.10. The reason behind placeing stoploss below its recent support level because i have seen many times the price could take support exactly at recent support level and went up so to avoid Stop Loss to be hit i have given some buffer/ Tolerance to the Stop Loss. I always believe in Factor of Safety. Target = I have marked 2 targets (1)1071.55 (2)1137.85. But you can exit your trade if price is about to hit your target levels. If your 85% - 90% target achieved then you can exit from your trade to avoid further volatility(If you want to play safe).
NSE:GODREJCPLong
by Avinash9087
Nifty Trade Setup (26-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. As i was busy with some work i didn't posted my trade setup for 25-May-2023 and also didn't traded on 24-May-2023 although it was good session too. watched chart for few minutes today and closed terminal because of work today. Today on expiry day there were opportunities also if someone trade with patience. I didn't took trade today because i didn't planned anything and this was my bad habit before that i always trade if market in moving from support or resistance i took trade with out any setup or patience so that i don't miss any profits as you may know this (FOMO). Which was my reason for more losses than profits. I will post on what i am doing to improve it in separate post. This is going to be my setup for tomorrow: Today market opened flat and there was selloff from 18265 to 18200 almost 65 points down. but in last 1 and half hour it took support at (18200) and then rise like rocket making almost all green candles without any pullbacks on 5 min TF gaining almost 100 points from day's low. Price is forming triangle and closed near trendline resistance. Setup for Tomorrow: 1.) If it opens flat and sustains this trendline resistance on 15 TF then i will look to buy CE for target of 18363, 18371 and 18380. 2.) If it opens gap up i will look for rejections from same targets or near by CPR and will buy PE trade for near by support levels which is 18300 as 1st support or CPR whichever will be closer. 3.) If it opens gap down 1st support is placed at 18300 level if it takes support at this level and holds for 15 to 30 minutes. I will look for buying CE. Views are bullish so will trade cautiously if i am trading in opposite direction. As from Volume there was lot of buying buying when price was moving above today as compared to while it was selling off. Hit like to keep me motivated for keeping my trading journal also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:NIFTYLong
by TradeInsights