Please note this trade wasn't found by using classical chart patterns.. It is first and foremost based off of price action & market structure. The fact that it paints the picture of an ascending triangle is secondary and only drawn in to show extra confluence in the trade to you guys.
Looking to go long USDCAD but not before price can break out of the ascending triangle pattern and break through the 1.3200 psychological resistance.
Details are on the chart. Always wait for breakout confirmation before taking a trade pre-mature.
Happy Trading!
From a purely technical standpoint it looks like $FLXN will range until October before this ascending triangle converges. Of course the announcement the company getting acquired can make the 11 million + shorts close but if an extraordinary event like that does not happen with the next few months, this stock will break out upwards. If you are want you can trade...
USDCHF Failed breakout leading to another test and strong rejection of the ascending trendline followed by a break above the resistance zone.
Details are on the chart. Always use proper risk management.
Happy Trading!
There is a very clear ascending triangle forming in the DJI I expect it to break to the upside by end of August. Because it Is supported by the 52 Week Moving Average I give it a 70% probability of bullish move in August.
We just had our pump as expected. 300 brave whale HODLers lead by King Leonidas himself are defending the narrow 6K passage to prevent Bitcoin from spilling. Sadly, they will all die for nothing in the end.
Project Phoenix has been initiated to revive the up trend once again. Let's review further options for Bitcoin.
Key Dates:
- Friday or July 27th - expiration...
BTC has the possibility to complete the inverted inverted Head&Shoulders pattern, but is it likely? Not to me.. First it has to reach the neckline at around 10% from were we stand now. After this 10% bullish move it also has to break this neckline that seems to be a heavy resistance area. The bulls are not showing strength at all..
The only thing that can drive...
looking at daily chart an ascending triangle is formed from mid June and it may be at the end of downtrend from recent 10k peak, this is a bullish reversal pattern.
ref:
stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_continuation
note:
1-to have the pattern complete this is conditional to price action whether...
Here is out option 2 for DGB from the live stream and group call. This ascending triangle is crucial and should give us the break we need to propel us into that impulsive sub wave 3 (minute). That sub wave should find resistance at the prior wedge line resistance but we can break above it on the 5th and final minute sub wave. Our primary wave 5 would then complete...
SPX500 has formed a huge ascending triangle on the daily chart. I am looking for a daily close above the triangle near the level of 2800 before I go long. More agressive entries could be already active but I d like to confirm the breakout first.
Entry (approx) 2796
Stop loss 2763
Target 2840
Risk/reward 1.28
