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Triangle Wave

Dow Jones - Reminds me of Niagara Falls 29500 to 24680Scaenario 1 - DowJones Falls 1000 points more below 25760 to another key level at 24680 - breaking that support it could be some serious fall of 3000 points more to 21712 Scenario 2 - Dow Takes support at 24680 - bottom as of today so far & holds to bounce upside giving some relief which will help India Nifty also to bounce next week on Monday 3rd March, 2020. Dow Jones at mountain top - The clue to the current fall which was expected was the Big Triangle sideways move. 13th Jan 2020
DJ:DJI
by WaveTalks
7
BTC ... here you can choose your path ... for me the black one!Hello team, been a while. Although I haven't posted in some time, I have been actively looking at charts. OK, we are at an interesting juncture ... so I thought I'd post my grand chart to get your opinions. Which color line are you counting on ... green, red or black? It feels like we are on green, especially after that green candle today, you have to think that bull euphoria is setting in. But unless we crack 11500 to 11800, I'm afraid there will be profit taking, and then the question is how much profit taking (ie the black line or the red line). The red line assumes we are still in a big ABC correction that is still in play. Basically 20k to 3k was wave A, 3k to 13.7 was B, and now we are creating C ... down to around 2k (maybe even lower, some calling for 1k). Personally, it's hard to believe that ... but we all know how whales can surprise us in this market. And some traders that I respect are convinced it will happen. So I will not discard this possibility. I think the black line is the most realistic. It basically says since we hit 20k, we are forming a big ABCDE triangle wave ... this ends in early May, precisely when BTC is expected to half ... and you know what that means. So it makes sense that people that don't believe will be anxious to profit take at the first real sign of resistance (11500), but at the same time, I think there is enough people that believe BTC will print a new ATH after the halving ... so they won't give up BTC that easy ... so we sideways (which is a triangle wave ... the market can't decide really), until we get to the halving, and then we take off. I'd love to hear what you guys and girls think. Remember, only a fool sees one possibility. Do not use for investment, trading, financial decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
14
ORBEX: EURUSD Triangle Wave Hints to Short-Term UpsideEURUSD triangle structure seems to suggest that we have a little more upside correction left before turning lower. The test could take place near 1.13, the 78.6% Fibonacci and also a price/trendline intersection. Both MACD and the RSI support short-term bulls! If successful, the chances of reaching a fresh multiyear low would increase. Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
Long
by Orbex
4
BTC ... Close Enough? Now Up?Hey everyone. It's been a while since I've last published, although I have been actively charting. I assumed we would create a traingle pattern and then have a wave E breakdown in my "internal" updates. I wish I would have published that idea, because it came pretty close to my target. I did pass that onto a few close friends and published charts on a great Telegram Group I'm in (Chart-Attack Crypto~Chat). Anyhow, my last published idea had a target of 77xx ... we got pretty close to that. Here's the idea: You'll see on this chart, drawn in a blue line the triangle created, and then a wave E breakdown to a log trend support line ... it went below that and now is testing it as resistance. So where to now? Up, down, sideways? Here's my thoughts ... I think, if we are to assume the current low of 77xx is like the 31xx bottom we had last year ... then look at how that bull rally started. Lots of sideways, accumulation ... then up. I wouldn't be surprised if we have a hard time cracking that log trend line now, and then the bears attempt to bring BTC down to and crack 77xx again, but fail. And then some more sideways in the 8000's. I see, towards the end of November, my gann boxes showing a major time fibo ... so does that mean we will take off sometime end of Nov? If it does, look at my chart. That elliptical resistance curve (pink) ... could that be the point we reach ... it says forget about 20k (although I think there might be a pause there) ... we could go much higher! IF I'm wrong here ... in my mind it could spell disaster ... Imagine 20k to 3.1k is WAVE A, 3.1k to 13.7k is WAVE B .... and now we are making WAVE C ... which could take us to 1k or 2k. I'm not sure if you realize, but that is basically what is in front of us right now. I don't think BTC has anywhere else to hide. Either we break the ATH, or we are going very low in my opinion. Nothing in-between. At the moment, given this has corrected EXACTLY as I plotted months ago, I'm seeing this as a very normal correction, and we are still in a bull cycle. We haven't even corrected 0.618 yet (at around 7200). So I'm siding with the BULLS! For educational purposes only. Do not use for investment, trading or financial decision making.
BITFINEX:BTCUSD
by MAGICMARK
2
GBPNZD LongGBPNZD, -has just broken Daily EMA200 & retrace to reject EMA200 to act as a dynamic support. -broken 0.5% Fibo and retraced back to 0.5 level so there's a high chance of it bouncing right off to head towards the next level of resistance. A buy stop is placed 10 pips above current resistance level on H4 , waiting the breakout to capture 50-100 pips in 2 days time, that being said if you were to zoom out to look at a bigger picture, you'll be looking at a triangle pattern which I'm optimistic that it'll be pending to hit the trendily above. Fundamentally speaking, Trump is going to have "breakfast" with Boris which in my opinion they might come up with some scheme to counter the situation they're in. XAUUSD(GOLD) had reached a weekly high which is waiting for a strong pullback & pound currently needs some strength in having a deal in brexit. So, this week is going to be a fun week of breakouts for GBP & USD pairings, trade safe :)
Long
by AnalyticalTan
S&P500 has started forming wave E of Triangle in 4 Primary waveSP:SPX Hello traders I've counted wave at SPX and I suppose that now Intermediate wave E inside 4 primary wave has started to forming itself in this month I calculate proportions between 1 and 3 Primary waves (Green color) and let's see what I got: 1 Primary wave: Begin 666.8$ ending 1363.6$ 1363.6 - 666.8 = 696.8$ Total 696.8 / 666.8 = 104.4% Total 3 Primary wave: Begin 1074.8$ Ending 2872.9$ 2872.9 - 1074.8 = 1798.1$ Total 1798.1 / 1074.8 = 167.4% Total Fibo proportions between 1 and 3 Primary waves: 1. Amount propotions 1 wave 696.8 * 2.618 = 1824.2 3 wave equal 1798.1 Fibo harmony :) 3 wave 1798.1 * 0.382 = 686.9 1 wave equal 696.8 again Fibo harmony :) 2. Percentage 1 wave 104.4% * 1.618 = 168.9% 3 wave equal 167.4 % Fibo Harmony :) 3 wave 167.4% * 0.618 = 103.4% 1 wave equal 104.4 % again Fibo harmony :) Such incredible Fibo harmony in proportions between waves shown me that I have deternined ending of 3 Primary wave absolutely correct and now 4th Primary is forming itself on the Chart. In according with Elliott's waves theory the most often structure of 4th wave in Cycle is Triangle and I suppose that intermediate waves A, B, C and D of triangle are completed already and in this month the Wave E has started. I think that the target of wave E is 2186$, cause if we put Fibo retracement on 3 primary wave 38.2% will be exactly in this area and trend line between minimums of waves A and D lead us to the same area, so I'm pretty sure that there is endig of 4th Primary wave and begining of 5th Primary. So i supose that bearish market will continue till September or October of 2019 and will found its bottom between 2150$ and 2200$ at S&P500 But may be I'm wrong who knows only time will shows us Wish good profits for everyone! :) I hope my forecast will help to someone
SP:SPXShort
by Yaro7lav
1
Lunyr ~12 Dollars August 2020 refer to .45 cents as bottom.My chart is kind of a mess, but i did over 4 hour of TA so i thought i might as well give you guys a peek, here's the rundown of my analysis. First pitchfork its based off the monthly candles, in return they don't correspond to areas that intersect with candles, based on the daily chart. Second Pitchfork Corresponds to the bottom of the first PF, as well as (0) and (A) on the ABCDE Elliot Wave. The third and Final PF is a Modified Schiff Pitchfork Corresponding to the bottom of the second PF, as well as (E) on the ADCDE Elliot wave, and a wick near the ~4.6 Dollar mark. KEY: Blue Arrows: Signifies possible movement by Lunyr. Red Arrows: Signifies End Of Movement TA Black Opaque Arrows: Signifies Trend Lines Black Candle Sticks: Represents Strong Resistance/ Deviation From Trend Purple Triangle: Represents ABCD Triangle Pattern Red Triangle, Near Bottom Of Graph: Corrective Move Back Up To ABCD Triangle Red Triangle: Not To Scale, Refer to ~.46 Cents As The Bottom Time Frame: ~12 dollars in August is speculative Target Is Still The Same, Time Is Relative. Targets And Stop Losses: To Enhance/ Give Relative Targets To the Corresponding Channels SHORT TERM SHORT LONG TERM LONG Will Update Chart If And When Lunyr Re-Enters the Lower Channel/ Re-Enters The End Of ABCD Triangle Purple Triangle NOT AN EXPERT DISCLAIMER. As Always DYOR and Good Luck.
LShort
by CapitulationCalls
1
Breakout from Downwards Triangle Triangle formations always precede breakouts! It is best with cryptocurrency to look for triangles on 4hr or 1hr charts, though sometimes one can find them on 1 day charts. Like a series of waves getting smaller and smaller until the shape is formed, triangles must have three complete waves to accurately precede a breakout. Here you can see the three waves forming the triangle structure and the breakout downwards. The breakout immediately continued until the price hit the RSI 30 mark - oversold. The signal line crossed the MACD line marking a bearish reversal as well. I am not currently invested but wanted to offer this post as education.
COINBASE:BTCUSDEducation
by Grandmaster76