Can you spot this beautiful pattern from gold recent weeks movement? Follow us and get the latest update about this pattern later in the day!
Here you find some guidelines for entry and initial protective stops for ending diagonal. We will publish more about how to integrate diagonals in Elliot Waves if we get 50 likes! Hint: Can you spot this pattern in gold now? Check out our ideas if you don't!
At the end of August 2020, I saw that the GME price touched its historical low (the lower red horizontal line). At the same time, the "Diamond" reversal model was formed. The breakout of the" Diamond " up on 31/Aug/2020 confirmed the reversal from the downtrend to the uptrend. Next, I used the old-school tactic of "Measured movement" according to D. Schwager -...
One of my followers on Tradingview pointed out that there is an abundance of ideas about the TRIANGLE on Bitcoin. It's great the pass the time drawing pretty pictures but can traders actually make money from them?
Its weird formation(supposed to be ascending triangle), but looks bullish especially above $12 150. The price could easy reach $20 000 again and extend to $27 000. This is just my opinion not trading it. Use your research and use SL or hedge.
There was clear breakout For this triangle pattern Always be a price action trader, it's easily tells the breakout
Hello, dear subscribers! Today we will talk about the most popular chart pattern - the ascending triangle. This is commonly known bullish pattern and its correct recognition will help you to earn money. How to identify the Ascending Triangle? First of all we should clearly understand that the price now is in global uptrend. The socond one is the uptrend support...
here i have set very good example on how you can trade EMA it's common for every asset that it follow the price of EMA ( the moving average ) let's take example i set 7 ema on weekly chart so it's total 49 days moving average so if price make bounce above this ema on weekly something has been cooking in the asset . it's 49 days downtrend same breakdown of EMA...
Triangle Pattern Entry and Stop loss
Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are...
? WINS STOCK MARKET RALLY ? WINS STOCK MARKET DOWNTURN NO WINNER TONIGHT STOCK MARKET SEVERE DOWNTURN BECAUSE STOCK MARKET DOES NOT LIKE UNCERTAINTY. Descending Chart Pattern Price Bias is Bearish While gold has an inverse relationship with the dollar, stocks markets also have a deep connection to the metal. Investors commonly perceive gold as a haven in the...
Hi every one Kindly like the ideas if it is helping you and leave a comment Triangle patterns are some of the most commonly used chart patterns within the world of trading. The vertex of a triangle pattern represents a pivotal point during an ongoing battle between the bulls and the bears, thus making it an attractive setup for traders. The three most common...
descending triangle one of classic chart pattern on 15 min time frame. Elliott wave chat pattern trading strategy. This type of chart pattern are often made in 2,4 or B corrective wave
in weekly and daily time frame we expect bearish market 1 . Descending triangle 2 . breaked out previous bullish trend lines 3 . Trend is downtrend in bigger time frames 4 . pass higher low and strong support ( if price reached to Entry zone ) below of higher low 5 . actually we are in another descending triangle in weekly time frame that seems we are...
At Target One of the Daily Triangle 50% of the position is closed. It would then be logical to assume Price would drop by 50% of the move from Entry. Price did not drop by 50% and instead began to form a new Triangle pattern. Dropping to a lower time frame (4H) we can see the process begin to repeat itself. Targets One and Two for the 4H Triangle are shown below.
Triangles occur during periods of consolidation. They represent indecision in the market as to whether the overall trend will reverse or continue. The direction is confirmed by a candle close above or below the boundaries of the triangle.
HOW TO TRADE THE ASCENDING TRIANGLE? 1. Wait for the price to breakout from the inside of the triangle. 2. Enter the trade when price retest the breakout level. 3. Set your Stop-Loss below the last Lower Low of the market structure. 4. Set target to be equal with the distance from A to B. This tutorial contains educational material. Please hit the LIKE...