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Triangle Wave

Netflix - Bullish Move Of +50% Ahead!Netflix ( NASDAQ:NFLX ) is trading at an important breakout level: Click chart above to see the detailed analysis👆🏻 Netflix is just another one of these stocks which is perfectly following cycles and market structure. After the recent drop of about -80%, Netflix perfectly tested the bottom of the reverse triangle pattern, created bullish confirmation and took off towards the upside. Levels to watch: $700, $1.000 Keep your long term vision, Philip (BasicTrading)
NASDAQ:NFLXLong
by basictradingtv
6
Dollar Index SellAs dollar index had expierenced waterfall during new on US session and it has stopped over its weekly support and is also forming a falling wedge pattern which is a Bearish Continuation pattern now and it has also completed ABCD waves and going to complete its last E wave if everything goes inline after E Waves it will break down its weekly to daily Support and will start falling again after a reset market sentiment is also indicating that DXY will continue falling also the confluence is price is trading in down trend on daily to H4 to H1 TF and bullish in weekly and monthly TF according to my anylisis DXY will keep falling till its weekly base acting as support on 98.00
TVC:DXYShort
by Wakeel_Saab
The third wave of the largest gold price peakGreetings, Dear friends, I hope you are well and have a week full of successful and profitable transactions. My analytical view: In the case of the gold market, the fourth wave concept was the triangle pattern I shared in recent weeks. Subsequently, we have seen the advance of the price action with an impulse pattern. Now, we have a completed zigzag pattern that has ended in a corrective channel, and waves 1 and 2 are labeled accordingly. We are now waiting for the price movement and the B wave price to break through the zigzag pattern and show the green light for trades. However, this is only the beginning of the third wave. Confirmation becomes more reliable as it crosses the previous price ceiling and peaks at the same level to complete the fifth wave and at the level of the larger wave in the third wave. Alternatively, a breakout after a triangle pattern may indicate the width of a triangle, while a triangle pattern in the commodity market may indicate the longest wave of that trend. Note: I am an analyst in the world of principle wave, who has entered the fourth year of my work experience, and I am developing an analytical idea. In financial markets, there is no 100% certainty due to the complexity of different patterns that can change. However, I do my best to back up every analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future, simply. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except to explain the current analysis because I also trade in the financial markets and I am active in my social networks, and I work hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will respond, but a logical reason is important to me. Thank you for taking the time to review my analysis. First of all, I wish good health and success to all my dear friends and colleagues. Mr. Nobody
PEPPERSTONE:XAUUSDLong
by mehdi47abbasi79
AUDUSD: Bearish Triangle Pointing Lower, Dovish RBA? During the overnight Asian session, there was a release of Australian CPI data, indicating that inflation remains stable at 3.4%, which is slightly below the expected 3.5%. Consequently, we can anticipate that this news could potentially drive the Aussie lower on maybe dovish RBA, who may try to follow other dovish CBs. From an Elliott wave perspective, we are tracking bearish pattern; its an A-B-C-D-E, possibly in already late stages. However, the ideal resistance for a wave E could still be a bit higher, around 0.6580 or so. Nevertheless, if we witness a break below 0.65, I believe that the decline could immediately resume toward the lows seen in March. Grega
Short
by ew-forecast
ADAUSD | Wave Analysis | Inverted Head & Shoulders Pattern +150%Confluent Wave Analysis with price action and chart pattern trading setup: > The third wave correction after doubled zigzag ABC pattern forming a valid inverted head & shoulders pattern with barrier triangle ABCDE wave - with confirmation fake breakout D and E wave. > Entry at B-D downtrend line breakout / WMA50 week > Target 1 @ 161.8% Fibonanci extension +100% upside > Target 2 @ 200% +150% > Indicator: EWO - doubled bullish divergence in TFW
COINBASE:ADAUSDLong
by dukeposh
Polestar PSNY: Buy the bottom of the bottom of the bottom.Buy the bottom of the bottom of the bottom. It's the only chance to catch the lowest point in Polestar's history. The purple trendline originates from the lowest points when the volume was at its highest, attempting to force the capitulation of all retail investors and a few hedge funds. If I weren't already fully invested in this stock, it's exactly at the points of the two orange arrows that I would buy in the most aggressive manner possible. At the point between the orange arrows and the purple trendline! And if this support doesn't hold? Don't worry... the stock will collapse like you've never seen before... so, since you're already in a tough spot, might as well give it a shot, haha!
NASDAQ:PSNYLong
by Maximus20000
1
KSL | Wave Projection | Triangle ABCDE Wave SetupPrice action and chart pattern trading setup > A possible uptrend scenario with ABCDE symmetrical triangle major wave 4 ending E - wave position, just above SMMA200/100/50 week making its way up to the triangle resistance wave D. > Target: Wave projection target breakout triangle resistance from position E-wave as TP1 +30% upside > Stoploss: E-Wave position -8% - 10% > Risk reward ratio: 3:1 Indicator: > RSI weekly: bullish signal crossed up MA line above 50. > MACD weekly: golden crossing signal line slightly below zero. Company financial with ongoing outstanding performance +YOY and +QOQ for 3 consecutive years and quarters.
SET:KSLLong
by dukeposh
RateGain Assending Triangle Breakout Rate Gain: Support: 425 Resistance: 455 In trading, a triangle breakout refers to a technical analysis pattern where the price of an asset breaks out of a triangular consolidation phase. Triangles are chart patterns formed by converging trendlines that indicate a period of decreasing price volatility as the asset's price moves within a contracting range. When the price eventually breaks out of this pattern, it can signal a significant move in one direction, providing valuable information to traders and investors. Here are the key significances of a triangle breakout in trading: 1. **Potential Trend Reversal or Continuation:** Triangle breakouts can indicate either a potential reversal of the current trend or a continuation of the existing trend. A breakout to the upside suggests a bullish continuation, while a breakout to the downside suggests a bearish continuation. However, it's essential to consider the context of the triangle in the larger price trend of the asset. 2. **Timing Market Entry:** Traders often use triangle breakouts to time their entry into a trade. Once a clear breakout occurs and is confirmed (usually by significant volume and price movement beyond the breakout point), traders may take positions in the direction of the breakout. This can help them catch a substantial portion of the ensuing price move. 3. **Price Targets:** Traders can use the height of the triangle to estimate a potential price target for the asset after the breakout. By measuring the distance between the highest and lowest points of the triangle and adding that distance to the breakout point (for an upside breakout) or subtracting it (for a downside breakout), they can get a rough target for the price move. 4. **Confirmation of Market Sentiment:** A triangle breakout can act as a confirmation of the prevailing market sentiment. If the asset was trading in a tight range, the breakout can show that market participants have made a decisive move in one direction, indicating their confidence in that trend. 5. **Volume Confirmation:** For a triangle breakout to be more reliable, it is essential to have a noticeable increase in trading volume accompanying the breakout. High trading volume during the breakout suggests stronger conviction among market participants, increasing the chances of the breakout leading to a meaningful price move. 6. **Reduced Uncertainty:** Triangles form during periods of uncertainty and indecision in the market. A breakout from the pattern resolves this uncertainty, providing traders with more clarity on the future direction of the asset's price. 7. **Trading Opportunities:** Triangles are common chart patterns and can be found across various time frames. Traders who specialize in chart pattern trading often actively seek these setups as they present potential trading opportunities with well-defined entry and exit points. It's important to note that while triangle breakouts can be powerful signals, they are not foolproof. False breakouts can occur, where the price briefly moves beyond the triangle but then quickly reverses back into the pattern. To mitigate the risk of false signals, traders often use additional technical indicators and analysis to confirm the validity of the breakout before making trading decisions. Additionally, no trading strategy guarantees profits, so risk management and discipline are crucial when implementing triangle breakout trades or any other trading strategies. ⚠️ ⚠️⚠️It's My Study⚠️⚠️⚠️ Before taking any trade Please do your own research and analysis. Disclaimer: 📌I am not a SEBI registered research analyst. Stock market tradings are subject to market risk. 📌I will NOT be Responsible for your PROFIT or LOSS. 📌Please consult your financial advisor before taking any positions.
NSE:RATEGAINLong
by SuperChartz
7
TRXUSDT Weekly TimeframeHello, Hope you all doing well well ! Lets analyse the TRX on Weekly timeframe for a long term investment. :) It seems that price is making a triangle with 5 waves ABCDE. According to "fib time zone" tool, we have a important time on august 2022 that it can be the end of E wave. ( last wave ). Then price will increase to the targets which I marked on the chart. Don't forget the TRX burning inception. Be aware of token burning as well. It can help a lot in the market cap. 3/23/2022 **This analysis is not an incentive to buy or sell and is purely educational.**
Long
by sahandm99
Tesla Stock Analysis and ProjectionAccording to my analysis using Elliott Wave Theory, Tesla appears to be in the early stages of its 5th wave, following a recent consolidation period in the form of an ABCDE triangle pattern. The completion of the E leg of the triangle suggests that the consolidation phase is ending, and we may be poised for a bullish breakout. My projection for Tesla's stock price is in the range of $318 to $335. This range is based on the anticipated upward movement of the 5th wave. However, it's important to keep in mind that Elliott Wave Theory is a complex method of analysis, and its success relies on accurate wave counts and interpretations. Additionally, the stock market is subject to various factors that can influence price movements, so it's essential to stay informed about current market conditions and news that may impact Tesla's stock. Please use this analysis as one of your resources and consider conducting further research or consulting with a financial advisor before making any investment decisions.
NASDAQ:TSLA
by imkhushal
1