Notes: * Moving up on the right side of its IPO base * Good earnings * Breaking out of an ascending triangle with higher than average volume * Has a 50 day UD ratio of 2.26 and a 15 day UD ratio of 5.27; indicating that there's been a ton more buying short term * Has a solid relative strength in the sector and against the SP500 * Showing an early entry relative...
Ascending Triangle formation in 5 mins time frame chart in Reliance industries. Please switch the time frame from 15 minutes to 5 minutes and view.
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is still struggling to break the $17k resistance level and is currently trading around $16.8k. Price has been stuck in this range for the last few days because of Christmas. Now we might see some volatile move but the question is in...
Hi @everyone, Like mentioned in previous published ideas we showed you to always be prepared for multiple scenario's In our previous trade plan we showed an possible 'SHORT' swing trade setup for BTC with targets below previous low. In this chart we show (incase of an invalidation on the short swing setup) how we could approuch the market ''IF'' BTC already...
Hi @everyone, In this post we compared the ADA previous bearmarket fractals with the current BTC bearmarket. Incase BTC has already bottemed out we could trade this scenario. We shared the acending bottemformation scenario already in a previous post, for more details check this post. Regards, Team Quantistic
The Euro-Dollar has now retraced more than 50% of the 2022 downtrend, EURUSD has formed an Ascending triangle and looks like it has broken up. The uptrend is likely to continue and reach 1.07515 level.
Gujarat Gas LTD formed a Ascending Triangle. It Constantly taking support from trendline. Today break the Trendline so we see 1-2 days downside momentum in Gujarat Gas Ltd.
On the weekly timeframe of the STLA chart, we can see an ascending triangle forming. An ascending triangle is a bullish formation. It's interesting to watch this asset during 2023 for the price to break out of the triangle to the upside. The breakout-line is shown on the chart. When this happens the pattern gets confirmed and trade can be entered by taking a...
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. After the bearish CPI data, BTC bounced nicely and touched the $18k level. Currently, it is in the resistance zone. I am expecting a retracement from here. Expecting it to touch the $16.8k-$17k level from here where the lower trendline of...
Hello my name is Fredy and i from CryptoJourney group this is my first analys after a long time so this is one of the most bullish pattern ever! Invert it looks good very good! Hit me like if you agree and check others analysis !
Its not enough to find a pattern that looks good, but a more complete understanding comes from multiple patterns and indicators confirming eachother. you can see from my previous ideas on bitcoin that I'm always looking for patterns on as high of time-frames as possible.
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick ETH update. ETH is trading inside an ascending triangle and the triangle is getting squeezed so we see a big move soon. Now the question is what's the direction of this big move (Upside or Downside)? As of now, ETH is still trading inside the triangle...
Gold and Silver is money, everything else is credit – JP Morgan Primary Uptrend This guy is not just flaunting these assets but the primary trend in this chart unearths the truth behind his statement. Really strong trend since our childhood – of course not fully visible due to data limitations. A furious rally started since March 2020 dip and took it to 56191...
USOIL is breaking down! The trendline from 2020 has been destroyed by the bulls recently, and we can free fall to 61.76 without any problems. On the monthly chart, you can see a falling wedge, and all patterns should be retested. This is a chance to retest the wedge on the breakout point at 61.76 or even lower at the trendline. This chart is totally brutal,...
GOLD is currently very close to an extremely strong level, which is the previous swing high from August 2022! The market will probably want liquidity above this swing high. I expect price to break this level and touch the top of the parallel ascending channel. As per my Elliott Wave analysis, a classic impulse wave is almost done. This is a simple pattern that...
Futu - a Chinese online brokerage & wealth management platform has finally broken its resistance of accumulation zone forming an ascending-triangle chart pattern. This stock has tremendous potential. Let's know why: 1. Accumulation Completed Futu entered accumulation stage (stage 1) somewhere in December 2021 following a steep fall inline with general market...
Buyers are advised to wait for a bullish breakout of the accumulation triangle, and form a bullish pennant pattern and go long till the projected staff of the flag. Sellers are advised to wait for a bearish breakout of the triangle, and formation of a ascending wedge pattern and go short till the projected price of base of the wedge.
Hello Hello Traders . By looking at the charts we can see an Adam & Eve pattern. A lesser known bullish reversal pattern is Adam & Eve double bottom. The pattern usually followed with a large up swing or trend higher after its second eve bottom. In this particular case the Adam & Eve pattern can also be considered as an ascending triangle pattern. For the entry...