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Triple

Nikkei Struggling At Key Resistance as Revised Coronavirus Data Optimism crept back into the market earlier this week, with market participants speculating that cases of 2019-nCoV may peak by the end of February. However, a revision of the counting methods used to identify infections led to a 15,000 case jump in the Hubei province; with the WHO stating many of these cases date back up to three weeks. This has seen doubt creep back into the market with the Nikkei FOREXCOM:JPXJPY pegging back most of its gains from earlier in the week, after failing to break key resistance at the 24000 handle. Early formation of a shooting star candle, a potential triple-top reversal pattern and RSI divergence highlights exhaustion in the recent uptrend from late August 2019, and could see price begin to pull back to retest the 2020-low (22637) and 38.2% Fibonacci (22525). Break of support & sustained momentum to the downside could see price push towards significant uptrend support ,extending back to June 2016, and confluence with the 61.8% Fibonacci (21509). FOREXCOM:JPXJPY
FOREXCOM:JP225
by dmoss94
Triple EMA & Double Aroon StrategyThis is my revision of the 20,50,200 Ema&Aroon strategy. Link provided. I've added a second Aroon a indicator set to 50. This allows you even greater insight and accuracy to the beginning of a trend as well as greater accuracy in determining when the pair is consolidating. In most cases, if the Aroon 25 doesn't catch the beginning of a good trade signal, the Aroon 50 will. This is also true vise versa. Remember to always get confirmation when taking your trades. Enjoy! I have recently gathered data using this strategy on AUDUSD as well as USDJPY and this system seems to work fine on those pairs as well. This strategy can also work on the 30 Minute time frame as well as 1 hour and 5 Minute. Although it becomes more difficult to determine confirmation on trade signals at lower time frames such as 5 Minute and below. AUDUSD USDJPY
by RagingSniper
BTC, Two PossibilitiesHi everyone, I've put together another two possibilities for BTC based on what we've seen in the past little while - one bullish and one bearish case, but both extremely dependent upon what we are currently doing. This looks like BTC is forming a triangle at the moment (so far we've seen 3 and 3 monowaves for A and B, wave-C currently looks like it will follow suit with 3 and then D and E will follow). This is a very tricky count to make, because BTC is showing some signs of zigzags in this run up, but it also appears that it may be impulsive due to its strong similarity with Wave-1 impulse wave at the beginning of BTCs life. If we are seeing a triple three, the correction for BTC is not over and there will be much more downside. If it IS complete, it appears that we may currently be in an extended Wave-3 and have significantly more upside before we correct for Wave-2. Let's hope it's the second case, and I would love to see some insanely high price on BTC like $1 million. This is the textbook sketch of a triple 3 correction, where the triangle actually acts as a reversal at the end of it, vs and continuation pattern on an impulsive. gyazo.com Triple Three Diagram borrowed from Glenn Neely's book "Mastering Elliott Waves" - it's a fantastic, extremely technical book that I highly recommend. Easily the best book on the subject and I can't imagine how much time Mr. Neely put into putting it together. Good luck guys, around August 1st we should have some indication as to whether BTC will be continuing or if it needs more correction.
BITMEX:BTCUSD.P
by Korastiz
Technical Bear: Gann Square, Triple Top and Bear Flag on ETH/USDWe are bearish on ETH/USD because Ethereum is trading within the up flag as a type of consolidation following the initiation of a downtrend following a triple top pattern. The downtrend from the triple top is the flagpole of the bearish flag pattern. Following the sharp down movement after the triple top, ETH has been trading within a bearish flag. Once there is a breakout we suggest a high likelihood of a strong down movement, to the low 280s. This strategy incorporates the Gann Fan trend retracement which serves as the upper resistance within the current channel. Three technical analysis patterns - Gann Square, triple top and bearish flag - come together to buttress the strong bearish sentiment we hold.
KRAKEN:ETHUSDShort
by LaurenTrading
Triple Milestone set on the DrDovetail TV Account!Quick shoutout and thanks to all the fine tradingviewers out there who helped me reach a triple milestone! Thanks to you this profile now has over 100,000 views, over 3,000 reputation points, and over 2,000 likes. Much love and respect to you all. I couldn't have done it without my 265 followers. So thanks to everyone especially my followers and with your support I believe we can double all of these numbers again by this time next year! Thank you so much and cheers to you all I wish you nothing but success this next bull run.
NASDAQ:LOVELong
by DrDovetail
Futures expire. Correction over? Or triple fakeout?This has been a very difficult flag one which has waiting until the last possible second to do a bullish fakeout and then also a bearish fakeout. Seeing as how we are at the end of the apex I'm guessing it will be quite difficult for it to do yet another fakeout downward...also futures have expired today so there's no real reason for whales to push it down...the fud about the Winklevoss rejection has also now been counteracted with the chairwoman of the SEC "dissenting" with the ruling(conveniently timed). Her reaction tells me we might very well see an ETF approved in the near future. I'm gonna go out on a limb here and say we are going up and the dip we just saw was just a dip buying opportunity. Of course I could be wrong we could be end for a mind boggling triple fakeout..but this time I think we are going up. Thanks for reading *not financial advice*
BITFINEX:BTCUSDLong
by DrDovetail
7
Will this 4th Top hold?TSLA jumped up at an incredible rate. 12% in just a few days of trading. This is quite outstanding if we factor in the fact that the company fired quite some people to keep up with costs and the fact that it never hit a profit in its entire lifespan. Now, this is definitely a puzzling company for me. I find it crazy that a company with such financials is still traded at 350$/share, just a few bucks away from its ATH. I think that now we are close to a turning point. The price is approaching the same level that has been rejected 3 times (triple top) during the last months. 360$ proved to be quite a psycological barrier to break hence I would expect a reversal at this point. Anyway, the hype around such a company mess up probabilities. ***Not a trading advice, merely my idea for educational and informational purposes only***
NASDAQ:TSLAShort
by SteveEnnom
4
We broke below the rimline of an inverted cup and handle.Something to be aware of. I have mentioned a potential inverted cup and handle awhile back maybe 3-5 ideas back...well with the latest drops we broke under that inv c&h's rimline which triggered a steeper fall. This is an incredibly deep cup and if it were to reach 100% of its projected target it could send us all the way to 4-.4.1k We have seen many normal cup and handles recently that have not reached 100% of their target however but we have also seen ones for example tron who have far exceeded their breakout target. So it's very much worth being aware of. At the same time there is a slight chance we could see a triple bottom form with February and April's lows and go skyrocketing back upward...or even just a double bottom with April's low. Definitely a difficult time to decide to be bull or bear...so in these instances it's best to follow the higher high/higher low principle as well as the lower low/lower high. By going by that principle alone it's not the wisest to enter right now...If you are hoping to potentially catch the double or triple bottom it may not be a bad idea to enter with a tight stop loss though. However it's best if you make your own decisions because this is not meant to be taken as financial advice. Good luck in whatever you choose and may the probabilities be on your side.
BITFINEX:BTCUSD
by DrDovetail
3
BITCOIN: BTCUSD Next buy point and triple play in quiet marketBitcoin: BTCUSD One quiet Saturday playing Bitcoin V Mon-Fri 9-5 job. Do the math. Whilst above 7717 key near term support the bulls are still in charge here. The opening in China will likely drive price down but it should hold up off the lower parallel and down to 7717. Touches here are buying opportunities with stops under 7000 line and if they produce pin bars will show that Bitcoin is still quite strong at these levels - and so long as 7717 continues to hold all is good for Bitcoin. It's making a small continuation pattern prior to moving higher by look of current price action. A break above the small dynamic holding price back right now on chart is the next signal to go go long/increase longs.It should then continue to grind higher to 7980-8000 where it becomes a sell for day traders if 7970 is touched. The 250 points of profit (200 after spreads) can then be risked on two trades, depending on risk profile and whether day-trading. If there looks to be still no real volume as prices move up to 8000 consider reversing current long at 7990 with stop 40 points higher looking for 150 -200 points on the downside. But be ready to reverse and flip long again if we see 8030 broken at any point (blowing the short stop for 40 loss) and particularly if higher volumes accompany this break out attempt above the key 8000 barrier - (a big green candle tells you this, you don't need to see a volume indicator to know this, really) - look to get long with stop 110 points under 8000. If it then fails you end up breaking even. But if it wins and breaks 1000 points higher ...(last weekend we made 1450 points, but the market was more fluid then. This weekend, so far has been very quiet. so am only hoping for 250 to 7780 and (maybe 170 short from 7990) - but it still beats working Mon-Fri - even when it's quiet. Am moving stop to 7700 for 30 loss if wrong from here. You don't need to believe in Bitcoin. You don't even need to own Bitcoin for more than a few days at a time. You just need to trade Bitcoin when the chart tells you it's Ok to do so, using stops. We've taken over 3000 points out this thing in exactly 2 weeks that's 38% of the total value of Bitcoin - in 2 weeks. Without owning it. All calls are there to check.
BITSTAMP:BTCUSDLong
by sumastardon