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Trianglepattren

Bank Nifty Trade Setup (24-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. So today BNF Opened gap up and unable to sustain the gap again as happening from last week and keep in consolidation. From price action this is forming a ascending triangle and price is moving in wave as plotted in chart. Today BNF Took Support near lower trendline and for tomorrow setup i will keep these things in mind: 1.) Price is moving in wave which might move up from this level to the upper ATH level. If opens flat and price sustains i will initiate CE Buy trade. 2.) If opens gap down or doesn't sustain the opening 15 minutes i will Take PE Buy for Next near Support (43730-43700). 3.) If Opens gap up between this triangle i will wait for price action to form and then trade accordingly. Also on Break of this Pattern on either side will be a good move. so will try to have some patience and will not buy aggressively. also will stop loss less than 35 points as if there will be good move even 35 points stop loss doesn't trigger as it does in sideways when there is price manipulation. Hit like to keep me motivated for keeping my trading journal. 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:BANKNIFTY
by TradeInsights
Nifty Trade Setup (23-May-2023)So nifty moved 100 points and gained almost 60 points on first 15 minute candle with flat opening. After first 15 minute gains nifty took support and moved range bound for 60 points up and down. according to price action its still moving in rising Triangle Pattern and following will be my trade setup : 1.) If market opens Flat and if price breaks on upside for target of 18374, 18400, 18430 and 18450. 2.) If open Gap up will wait for price to sustain at that level or any rejections from the Targets. 3.) If open gap down near by support placed at 18270, 18230 and 18212. if price takes support on these levels will look for buying CE for 18330 . 4.) On Triangle Bearkout or Breakdown same levels will be targets on upside according to 1, on downside breakdown according to point 3. Views are bullish and Gap up opening: Reason strong buying in Adani Stocks.
NSE:NIFTYLong
by TradeInsights
1
Bank Nifty Trade Setup (23-May-2023)As posted yesterday price is consolidating between 700-800 Points near ATH Level. From price action Its moving in Lower Highs and Higher lows forming symmetrical triangle pattern breaking this pattern on either side can give 200-250 points for the levels of horizontal resistance also ATH on upside and horizontal support at 43550 levels. For tomorrow Setup i will look for following : 1.) If Opens flat will wait for break of this triangle pattern and on which ever side it break will trade accordingly for target of Support or Resistance levels. 2.) If opens gap up will check if it retest this pattern and if sustain the Gap i will look for buying for target of ATH which will also be partial booking or full booking as per my time for it. 3.) If opens gap down will follow the same check if it retest triangle pattern if doesn't sustain will buy PE for target of support level. if price sustain above triangle lower trendline i will look for buying with first target of Triangle upper trendline. This will be my personal trade Setup, This is not an advice of any kind to trade for anyone. Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups.
NSE:BANKNIFTYLong
by TradeInsights
Trade Setup for 22 May 2023This will be my trade setup for 22-May-2023. In previous Session nifty took support at 18100 levels and formed like hammer like candle pattern on 1 D time frame. on 15 TF price is forming LL and HH and there is upward 1st hurdle at 18226 which was near PDC and forming Rising triangle pattern. For trading i will look for following reasons: 1.) If opens flat will wait for 15 min candle close if it breaks Triangle pattern on upside i will look for buying for target of 18250, 18270, 18280. 2.) If it breaks on downside will look for PE buying for target of 18140, 18130,18100. 3.) If gap up will wait for rejections from support or CPR and will trade accordingly. 4.) If opens Gap Down will see if it respecting triangle pattern and move upwards to the 18230 levels. if with gap down price doesn't sustain at open will look for buying PE trade. Views are Slight bullish. This will be my personal trade setup and will trade according to it, This is not and advice of any kind. Hit like if you wish. :)
NSE:NIFTYLong
by TradeInsights
Trade Setup for 22 May 2023This will be my trade setup for 22-May-2023 In Previous few sessions price is in consolidation between 800 Points. Missing ATH by 0.10 points :) Following will be trade setup for tomorrow : From Price action price is moving upwards and making HH and HL and with Resistance placed at ATH (44151.80) and making it a Ascending Triangle pattern respecting Rising Trendline. 1.) If opens flat and sustain opening price will look for buying CE for 1st Target of just Below ATH. 2.) If opens gap up near about ATH will look if price sustain if not then will look for PE Buy for take of 43850, 43730. 3.) If opens Gap Down near 1st support of 43900 levels and if respects support will look for CE Buy for target of ATH. and if price doesn't hold near support will look for PE Buy for target of Trendline support (43630). I will trade keeping above points in mind. This is not an Advise of any kind to trade based on above. views are bullish to neutral ( Consolidation ) to big move above ATH. :) Hit Like to keep me motivated for keeping my daily trade Journal :)
NSE:BANKNIFTY
by TradeInsights
$F - Descending TriangleThe bears have been able to drive this market downwards at steadily lower up swings. And conversely, the bulls have not been able to drive this market past its previous swing highs since August 2022. Although this chart pattern and price action behavior is suggestive of bearish dominance in this market. Although the price is trading below the key EMAs. The longer time frames and the RSI bullish divergence formed from July to October 2022, does not allow us to jump into conclusions as to how to form our bias. More important perhaps than forming our bias here, is to register how neatly this pattern is being formed, from volatility to the lack of it. To the extent that the price is now trading in a very narrow range. To the extent that a breakout with conviction in either end of the triangle, now, will be a revealing signal of where this market wants to go. Despite the sensation of control that any sort of analysis might lend you, please note that the future is unknown. For this reason, risk management is the real name of the game here. Remember to keep your positions small and dispersed. Cheers, Tenacious Tribe - Backtested Trading Strategies & Studies 50% discount on all of our products, in our website, with the following code: MOX Q3C WXRX
NYSE:F
by ruben_rodrigues
Fakeout. Short term targets btcOK so a little breakdown from What I'm seeing short term. The yellow hand drawn circle is a brilliant example of a fakeout. We recently broke down from a equal triangle shape after a fakeout (fakeouts are usual signs of reversal coming) The target for breaking down from this triangle would be about 27900. As shown by simple cloning the high to low of the beginning of the triangle. 27900 also brings us to out support zone again (red dashed horizontal) Happy Bank Holiday 🍻
COINBASE:BTCUSDShort
by Connix