CHK had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart). Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's...
Since price pushed up to previous highs on 12/29/2016 and was rejected back under 1.055 there has been an few emerging patterns. The ascending triangle is a known reversal pattern and price has made significant reversals at key price points to confirm this simple pattern. As price approaches the end of the ascending triangle we should be looking for price to...
The ascending triangle on the 4-hour chart of GBP/AUD presents a bullish breakout trade opportunity. The triangle's borders are marked with the yellow lines. My potential entry point is marked with the cyan line. My potential take-profit level is shown with the green line. I will set the stop-loss order to the low of the breakout bar (not shown).
Bank of America monthly ascending triangle breakout looks very attractive as a long on any pullbacks.
Well here i left a nice trading opportunity,like i always says ,take a look and make your own conclusions. This is a Bearish Bat Pattern with a nice old support now become resistance and inside the(D) leg we have a Ascending Triangle .BTW Merry Christmas and God Bless everybody
Oil is on YEARLY pivot point, forming ASCENDING TRIANGLE. I think we need to retest 45 one more time. If holds then we could see big UP move.
Yes, it's all over the news that OPEC has agreed to cut production by 1.2 million barrels a day by January, will it be short lived? WTI has increased more than $4 since yesterday, and I see a potential bearish bat pattern forming. PRZ is around the daily resistance level at $51 to $52. Good R:R at 3.6 (TP1) and 19.7 (TP2). WTI will probably continue to rise...
USDCAD is currently seen falling back to 1.3200 support level, which was previously the resistance level of the ascending triangle pattern. A reversal near 1.3200 - 1.3100 will signal further upside for a minimum objective towards 1.3800 (1.3900 target of the ascending triangle).
After the break of the yellow triangle to the upper side and above 5200 Yuan, we are stuck in a ascending triangle. We have a big resistance above the 5350 Yuan level. We have to break the 5450 Yuan level before we can go up higher in price. The next big support level is around 5100 Yuan. After a possible downward move the price should trend up on the turquoise...
THIS NICE ASCENDING TRIANGLE IT'S A NICE OPPORTUNITY WITH AN EXCELLENT R/R RATIO.
My last few charts failed to pinpoint the exact Bitcoin top. Their were several potential tops at $680, $715, $750-760 to consider from. In the end Bitcoin formed the exact ascending triangle(s) we had seen in the $465 - $360 range. This pattern is not new for Bitcoin, as a matter of fact, the same ascending triangle pattern formed prior to the Megabull of 2012...
Like said in the title, I along with many traders noticed this symmetrical triangle setup. Price has recently been stalling between the support trendline and the strong resistance zones; forming a somewhat unclear ascending triangle inside the much larger symmetrical triangle. That with the pair's seeming reversal into bull territory, I have a bullish bias on...
Not a bad ascending triangle setup, considering the fact that they are almost never perfect "textbook" setups. Since price is once again at the support trendline, this is an excellent place to buy this pair as it breaks past the horizontal resistance zone at 0.7760
AUDUSD has touched the support trendline of the ascending triangle 5 times now, also the horizontal resistance of the triangle setup about 5 times. Price climbs higher and higher, therefore I can safely buy this pair at a breakout of 0.7750 and then after 0.7850. I will be waiting for the "Last Kiss" for this setup, however it could take a couple weeks at least.
If price starts to drop it my reject at neckline and go all the way up, however I believe price will drop to 1280 and bounce all the way to 1320 - 1330 range where it eventually start to drop, invalidation above 1307, trade your plan.
Hey Traders ! Not much on the radar this morning, especially after that huge gap we got on some of the pairs following the sunday open. These elections are driving the markets nuts, so much uncertainty has people shifting money quicker than they can make up their minds. Best thing to do when there is so much uncertainty, is to stay on the sidelines. There's a...
Just wished to point out these two major trendlines on the weekly chart of USDCHF. The red one must be confirmed with a third test, however, the blue one above it has had price reach it about 7 separate times. It still has not broken, but on the daily chart price will soon reach it.