The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way
The Channel Down pattern is identified when there are two parallel lines, both moving down to the right across respective peaks (upper line) and bottoms (lower line). The upper line is identified first, as running along the lows: it defines the trendline.
The Channel Up pattern is identified when there are two parallel lines, both moving up to the right across respective peaks (upper line) and bottoms (lower line). The lower line is identified first, as running along the lows: it defines the trendline.
As seen on the chart, there is a symmetric triangle on McDonalds Corporation (MCD). In this triangle, we have two options: open a long position or a short position.
We have to wait for the breakout of the channel, stop loss for USD 30,000 and take profit would reach USD 68,000
As seen on the chart, there is a symmetric triangle on DOTUSDT which is the pair of Polkadot vsTether Dollar. In this triangle, we have two options: open a long position or a short position.
As seen on the chart, there is a symmetric triangle on BTCUSD which is the pair of Bitcoin vs U.S Dollar. In this triangle, we have two options: open a long position or a short position. For the long position we can set a buy stop near 11064 with stop loss near 10380 and take profit close to 12700. For the short position we can set a sell stop at 10350...
As we can see on the chart, there is an opportunity of a long position in XRPUSD. First, there is a breaking point in the resistence line at 0,1784. Also, we can see a rebound in the bullish trend line at 0,1790 along with a crossover of 9-day (short-term) and 20-day (long-term) moving averages, which is a bullish signal. Therefore, we can open a long position...
Given the ascending channel, the price is about touch the bottom line. If the line touches the bottom line and it start ascending, we recommend to take a long position, in which the Stop Loss is located at 1.06084, and the Take Profit, at the 1.06678. The Risk/Reward Ratio is 3.3.
Given the descending channel, the price is about to touch the top line. If the price reaches the top line and it start descending, we recommend to take a short position, in which the stop loss is located at 135.716, and the Take Profit, at the 130.590. The Risk/Reward Ratio is 2.08.
American Airlines is an American airline. It operates flights on an extensive network of national and international routes. Temporality of the chart: 4 hours - This type of pattern is of the non-directional type. That is, there are two possible operations: - If the triangle is broken upwards, is expected a long position at $29.5 per share with Take Profit...
TF strategy: Parallel Channel in the BTCUSD - The pair BTCUSD corresponds to the price of the bitcoin vs the US dollar - A channel is a graphic pattern that connects the maximum and minimum prices of an action over a period of time. - In the bearish channel the lines have a downward slope, indicating a downward trend in the price Temporality: 1 day 1. Within...
In the chart of EURUSD, in a one day time frame, we can see a double bottom in wich we can open a longposition. This position should be open at $1.1113 aproximately, with a Take Profit near $1.1212 and a Stop Loss at $1.1052 aproximately.
A head and shoulder pattern has developed on FDX (FedEx Corp.). As we wait for the right shoulder to finish closing with the neckline, the trading plan can be prepared. When the price breaks the neckline downwards, a short position is the best choice. Placing the position around $149.72, a little lower than the neckline, just in case it rebounds. The Take...
A symmetrical triangle is developing on Ford's stock, until the price breaks, we must be careful as it can break upwards or downwards. As the price is near the upper line, we are expecting an increase in the price and going for a long position as soon as it breaks. Estimating it breaks soon a position can be taken around $9.17 per stock, with stop loss near the...
A symmetric triangle has developed on Electronic Arts Stock. When the price breaks either the top or bottom line, a place position is recommended. As seen on the graph, we are going for a long position when the price breaks the upper line of the triangle and continues upwards. The position is to be placed around $98.59 per stock. Stop loss at $93.20 approx....
In the chart of WMT we can see and ascending channel forming in a 30 minutes time frame. As the actual price is touching the bottom bullish trend line , we can settle a long position near 120.05, with a Stop Loss in 116.49 and a Take profit near the upper trend line at 123.93 approximately.
As seen on the graph the Bollinger bands and the support lines point towards a long position on US OIL (WTI). The Stochastic RSI is also indicating a long position should be placed soon after the lines break the lower dashed line and continue upwards. The support level around $51.29 is the bottom line. As the price rebounded and is going upwards, we recommend...