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Symmetrical Triangle

Quant testing the top trendline of the 1day symmetrical triangleWe can see that priceaction is currently attempting to both test the top trendline of the symmetrical triangle (in chartreuse) as well as trying to climb back above the 1 day 50ma(in orange). If price action can flip the 1 day 50ma back to solidified support then it can validate the bullish breakout from this symmetrical triangle. The breakout target from that symmetrical triangle will take price action far above this white line which is actually the neckline of an even bigger inverse head and shoulders pattern. If we are to hit 100% of the breakout target for the triangle ($165), this will greatly increase the probability of it also triggering the breakout of the inverse head and shoulders pattern as well which can send it considerably higher afterwards($224). Of course for now the 1 day 50ma is still resistance so we want to see a couple daily candle closes above that and any confirmation candles after that that retest it, testing it as strong support. Flipping tat 1day 50ma back to strong support will also confirm that the golden cross that recently happened will be sustained instead of flipping back into a deathcross and confirming a golden cross fake out. *not financial advice*
COINBASE:QNTUSDLong
by DrDovetail
1
Ethereum ETHBTC - New all time high this year! Then a big crash? Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards.  As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap.  Keep in mind that ETHBTC does not belong to a trending market. It's more like an oscillator. You can compare this pair to the EURUSD forex pair. So, forex strategies should work much better on this particular ETHBTC pair. According to my Elliott Wave analysis, we are currently in the final 5th impulsive wave of the bigger impulsive wave. Bitcoin's dominance is breaking down the key market structure, which, of course, greatly favors ETH. Look at my ideas about interesting altcoins in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
52
As policies continue to diverge…For readers who have been following us right from our first ever TradingView idea, you’ll recall our first ever trade idea on long USDCNH. It’s been a fun 5 months writing and sharing our thoughts with the community. Much has happened since April, but two critical things stayed the same. The US Federal Reserve remains hawkish, raising rates, while the PBoC remains dovish, continuing with its easing stance. The result? USDCNH trading beyond the 6.9 level, surpassing both our target levels. With the next Federal Reserve meeting coming up, we think it’s time to review this idea again. The CME FedWatch Tool allows us to gauge what market participants are expecting the Fed to do. The prevalent consensus seems to be that the Fed is likely to raise rates till the end of the year before holding rates at the 3.75 – 4.00 % level for the next year. On the other hand, the PBoC has continued to ease, cutting reserve requirement ratios & lowering its medium-term lending facility. With China still battling Covid via lockdowns, persistently low inflation numbers, and weak economic numbers, we see further easing on the cards from PBoC. Looking at the charts, the USDCNH pair has just completed a symmetrical triangle chart pattern. After breaking out to the upside and a brief pull-back, prices continued upwards with strong momentum. Using classical charting techniques, the target levels for the breakout can be set to the distance of the high and low of the symmetrical triangle and applied to the top of the triangle. With the target price of 7.1180, there is still upside for this trade. It seems that policy divergence will remain for these two major economies, which is likely to strengthen the USD and weaken the CNH further, driving up the USDCNH pair. Using technical to identify target levels where we will be comfortable, we think that there is room for more upside. Entry at 6.9500, stop at 6.8545. Target at 7.1180. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. Reference: www.cmegroup.com
CME:CNH1!Long
by inspirante
9
[09/06] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis On an hour-long basis, Ethereum and Bitcoin do not appear to deviate to one side from their respective patterns. However, the fluctuation is starting to increase due to the Ethereum merge issue In general, I felt that Ethereum was leading Bitcoin in recent movements. In the same upward line, the difference in the increase (buying tax) was also evident, and I think Bitcoin's market dominance may have decreased a little. First of all, on the chart, Bitcoin has dropped sharply since today's shooting, spitting out all of its gains, and it is now close to the bottom line of convergence. Due to the relatively large scale of the convergence, deviating from the bottom line can be accompanied by a large additional drop. (On the contrary, breaking through the top line may be accompanied by a large additional rise) Ethereum continues to rise due to the influence of the merge issue. The third picture I uploaded is the Ethereum 5 minute candle, which you can check with the short-term upward trend line. Before you leave that line, you need to be careful about the Ethereum short position. Since NASDAQ is also opening today, the fluctuation is likely to be large starting from now. Let's stick to our own trading principles so that we don't get confused trading!
by BeastTrading_Sehyun
3
CHZ formed a Symmetrical Triangle!!!Now, as the chart has formed a Symmetrical Triangle in a uptrend doesnt mean it should go upside, cause the Daily frame and Weekly frame chart doesnt indicate any signs for a bullish movement. So as I have marked the support level "of the Symmetrical Triangle" and the "4H Support Level" . If the price continues to break the "Support level of the Symmetrical Triangle" and close near to my entry price, I would enter for a short position with 2 Take Profits. You can follow this Trading Setup ⚠️NOT A FINANCIAL ADVICE!
Short
by Vickrant_S
1
NIFTY ENERGY - Just a view Key highlights: 💡⚡ 📊 Currently NIFTYENERGY is giving breakout of Symmetrical triangle. 📊 and 29304 is its resistance level we can see rally of around 1000 point. 📊 but into RSI level 72 is working as resistance level twice. 📊 Keep an eye on both things RSI as well as price movement. 📊 One can go for long into ENERGY SECTOR. 📊 Example : ADANIGREEN , ADANITRANS , ONGC. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂 Happy Ganesh Chaturthi, ❤️🙏🏻 we wish that all hindrances and hurdles are cleared for you. Michhami Dukkadam 🙏🏻 Michhami Dukkadam is all about Forgiveness and Kindness!
NSE:CNXENERGYLong
by radha_23
4
INDIA GLYCOLS - keep an eye for symmetrical triangle breakout 📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 📊 Sector: Chemicals 📊 Industry: Chemicals & Petrochemicals Key highlights: 💡⚡ 📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62. 📈 One can take swing trade after stock give breakout of symmetrical triangle. ⚠️ Keep an eye on INDIAGLYCO. ⚠️ It is near at its resistance zone which is around 915. ⚠️ Script is going to give symmetrical triangle breakout. ⏱️ BUY ABOVE AROUND 915 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:INDIAGLYCO
by radha_23
2
INDIA GLYCOLS - keep an eye for symmetrical triangle breakout📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 📊 Sector: Chemicals 📊 Industry: Chemicals & Petrochemicals Key highlights: 💡⚡ 📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62. 📈 One can take swing trade after stock give breakout of symmetrical triangle. ⚠️ Keep an eye on INDIAGLYCO. ⚠️ It is near at its resistance zone which is around 915. ⚠️ Script is going to give symmetrical triangle breakout. ⏱️ BUY ABOVE AROUND 915 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:INDIAGLYCO
by radha_23
3
TLM weekly falling wedge potential to increase +900%#TLM/USDT $TLM broke out from weekly falling wedge, and in daily time frame is inside lower zone of symmetrical triangle. 🐮holding this zone as support and will increase price to break out from triangle and pumping to upper resistance levels. if price going up to reach weekly falling wedge target it can give us more than 900% profit. 🐻 if price breaks down from lower zone of triangle this analysis will be invalid and I will update you!
Long
by parissap
2
EURUSD - The downtrend is at the end! Elliott Wave + Channel The EURUSD is successfully holding the 1.0 USD level. This is indeed a significant psychological level, and we haven't seen any weekly or monthly candles that closed below this level.  On the RSI indicator, we have a bullish divergence on this daily chart, and we also have another triple bullish divergence on the weekly chart as well! So, if you like divergences, this is definitely your cup of tea.  As per my Elliott Wave analysis, this huge downtrend should be over (or 1 last wave to the downside), and that's why I expect a corrective move to the upside (ABC correction). Let's see how big this upcoming retracement is going to be.  On the daily chart, we can spot a beautiful descending parallel channel, and if you prefer to wait for confirmation of my bias, then you can wait for the channel to breakout.  As you can see on the chart, we had 2 fakeouts during this downtrend, which indicated a corrective move. Usually, the third breakout is real!  The profit target is at 0.618 FIB + the start of wave 4. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
38
[08/25] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis A series of ups and downs in the continuous triangular convergence, but I pierced one direction for the first time yesterday. It's the top line right above. I'll explain the response for the time being easily, so if you refer to it carefully, you can win the probability and profit and loss battle and proceed with the sale! The shape of the chart is as simple as possible, so it will be easy for beginners to understand. Let's get down to business! Last night, a big rise broke through the top line in the big triangular convergence that had been shown for several days. However, it was a little vague to say that it was an upper side, but it fell again and came down. What you need to check here is 1. Short term "green upward trend", 2. Existing "Triangle Convergence Top Line", "Red decline trend" from 25.2k 4. "Blue upward trend line" below the green upward trend A V-shaped rebound came from the short-term green trend line, confirming that it was a meaningful support line. If it comes down again, there is a high probability of support on this line, and if it breaks, there is a risk of further decline. Triangular convergence top line He broke the top line of the triangle convergence in yesterday's shot, but he came down from the top without holding out, so I think it could still be meaningful. It still hits the top line and falls slightly, and I think it will be a little more positive for the rise if it breaks through and settles upward. A line that acts as a resistance. Red on the decline It's a downward trend created by 25.2k and 24.4k. If we break through this downward trend and hold out from the top, it will be a little more positive for the rise, but we haven't yet. If you break through, you'll break through a sharp decline, so I think you can judge that the decline has subsided a little. Blue upward trend It's the bottom line of the triangle convergence. I think it will be the last line for those who see the upward view. If this line breaks and falls, you have to think about renewing the 20.7k low point! It acts as a support line. If you check the support/resistance lines carefully and enter a position with a good probability and profit/loss ratio, you will lead the sale to an advantage!
by BeastTrading_Sehyun
Ripple XRP - Market overview + Elliott Wave analysis XRP is a very weak coin this year, and this trend will probably continue for another year. I'll tell you why.  During the bull market in 2020–2021, XRP failed to print an impulsive wave and also failed to make a new all-time high. Instead of an impulsive structure, we have an ABC correction. This tells us that the bulls are not strong enough yet to push the price higher and that the bears remain in full control. I think XRP will experience a massive uptrend on the weekly chart, but we still need to be patient and wait for the opportunity that should come later in 2023–2024.  As per my Elliott Wave analysis, this bearish structure is absolutely incomplete, and that's why I expect another down-trend. The chart printed a symmetrical triangle on the weekly chart that broke down. Symmetrical triangles on weekly timeframes are especially powerful, and it usually requires more time for the bulls to regain strength again. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
29
MY LONG SWING TRADE IN INDIA CEMENT India cement making good price action pattern in daily time frame, this stock follow more than 200 days trandline resistance and break this trandline with strong bullish candel in daily TF with good volume. also stock is follow support trandline with good respct.and aslo its PEMA(21,34,55) its turn to flat to sloping upside its best singh for long this stock my lavels are enter to this stock BUY = 204-205 TATGET = 210,220,230 STOP LOSS = 195
NSE:INDIACEMLong
by sagar11aa
1