Technicals: 1) A triangle pattern has formed since Jan'2021. 2) The breakout from that pattern occurred after almost 3.5 years. Please provide ideas if any... ***Disclaimer: Strictly for discussion purposes and not for making decisions on investing in the stock
AMC has been providing fake buying signals since last June, which has ended up creating a decreasing triangle composed of a buying zone and a series of decreasing maxima. Right now, the price of these shares is placed inside of a buying zone, which in a normal situation could entail a buying opportunity. Nevertheless, as the triangle figure is very close to the...
Bitcoin has a triangular pattern and the Macd BINANCE:BTCUSDT divergence also makes us more confident that Bitcoin is bullish.
BankNifty Triangle pattern
Higher time frame analysis was posted on May 10 2021- There I had mentioned "W" pattern formed at 38% fib. So based on that and current behavior of price action I feel like the stock is about to give a breakout. This is not a signal to buy but a stock to watch out for coming days. Moving down to 15 min time frame it is giving a triangular pattern (which is a...
NSE:RELIANCE is at a make or break level. It has respected the lower trendline since a long time, but it now faces strong resistance due to sentimental factors as well as rejection of 2200 psychological level. With the AGR dues hearing not being too favourable for Jio and the final verdict expected on August 17th, Monday's trading session should be quite crucial...
In the USDSGD currency pair, we are seeing the formation of a continuing triangular pattern, so we expect the price to continue to move down and touch the following targets. TP1: 1.38322 TP2: 1.37588 TP3: 1.36853 TP4: 1.34584 If the price goes above the triangle, we expect the price to rise to at least 1.40051. But keep in mind that the probability of a price...
Our long trade has achieved its target with 120 pips. - See attached - Potential pullbacks are buying opportunities as described in the chart. The US CPI will determine the next direction. Have a nice weekend.
Structure: Technical Triangular Squeeze Tendency: Downward Fundamental Analysis: With EURO looking to ease as well as a potential for the trade war to move forth potentially further than 2020, this pair is at odds to move indifferently between the two currencies. Telegram: t.me
triangular pattern target 13000 if breaks up...
Usually this pennant pattern means price action can go either direction. Meaning it requires patience and to wait for a break (aggressive) or break and retest (conservative) before entering. Given the macroeconomic state of Britain with bearish sentiment regarding the Brexit deal and the formation of this Pennant triangle pattern my bet is on it to eventually...
Seems as if Bitcoin is on its way to creating another triangular flag pennant for another breakout upwards. Should be interesting as alts begin to run again for the possible 10K break this time :-) $DIME $DBC and $NXT has some of the best ROI potential in the Crytpo Sphere and great teams at the heads of them. In addition the technology on all three alts should...
Let's get the industry to know if it's going to get closer to the Crypto industry, or Verge will find himself a virgin And remember, buy cheap and sell dear. :)
proposed STOP LOSS : ~10,600 proposed TAKE PROFIT : ~17,000 Risk-reward : over 4x Longer term trend: BULLISH Current trend: BULLISH General comments: Bitcoin has seen bullish movements since the start of February 2018, making higher lows with highs pegged at 11,700. The result is a beautiful bilateral triangular pattern. A bearish break below the...
H4 - Price which was moving inside a triangular pattern has now broken out at the bottom of this pattern. Currently the price is moving higher, if this turns out to be a false break then wait for the price to move higher and break above the top of this pattern and the most recent high. Once that happens we can join the bulls.