colpal broke out of triangle pattern with decent volumes on hourly charts. Could be bought with mentioned stoploss & targets.
NYSE:FSR On the 4H chart with trendlines drawn FSR is trending up out of the triangle. The RSI with Ichimoku indicator shows the confirmatory increasing relative strength in a move from under to over the cloud. All in all, this appears to be a swing long set up with a near upside of 20 % or about $12 .
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. I'm keeping it very simple and short here. BTC is forming a descending triangle in the daily time frame which is generally a bearish pattern. Currently, it is trading above $20k and holding the $19.8k support very well so far. We can expect some...
Jasmy has been in a Descending Triangle for quite awhile now and has made an attempts to Bullishly Breakout but has not been able to stay consistently above the Supply Line. Now Jasmy is back at the Supply Line and this time with 0.886 Harmonic Confluence has alot more going Bullishly in it's favor this time around. If Jasmy holds the 0.886 successfully it could...
You cannot make money on ADA at this moment, because the downtrend is extremely strong and it's going to be even worse later this year! Don't get me wrong, I think ADA is a great altcoin, but if you bought the top, you are too late for the party. The market structure is insanely bearish and we have a descending triangle on the daily chart that will break...
This GBP/CAD 4-hour chart shows a descending triangle pattern that can be used to enter a rather short-term sell trade on a successful bearish breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. The green line marks my take-profit level. I will set the stop-loss level to the triangle's highest...
📊 Script: TECHM (TECH MAHINDRA LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY IT / NIFTY 500 📊 Sector: Information Technology 📊 Industry: Computers - Software & Consulting Daily timeframe Trendline + Descending Triangle Breakout. Weekly timeframe Trendline + Descending Triangle Breakout. Key highlights: 💡⚡ 📈 Script is trading at middle...
On the daily/3D chart, we have a pretty strong bearish downtrend. We just hit a brand new low a few days ago, so it's really not looking good at all. We can spot a triple bottom, which is usually a sign of a descending triangle pattern or a rectangle continuation pattern. There is a lot of liquidity below this level and the market usually comes for the stop...
NASDAQ:ROKU As seen on the daily chart, ROKU is in a brief uptrend within a descending triangle. Oscillating indicators show the MACD with the K and D lines crossing underneath the histogram and the RSI candles big and bullish with rising strength towards crossing through the Ichimoku cloud. I see this as price action consolidating towards a breakout with...
Price action and chart pattern trading setup - take profit position > A descending triangle major wave 2 - ABCDE pattern with 3-3-3-3-3 complex structure > Target: a possible scenario of making D-wave with an upcoming ending diagonal at the upper resistance of the triangle 0.786-1.0 retracement +15-20% upside > Stoploss: at the previous high position a-wave - 8%...
NASDAQ:WKHS Here on the 15-minute chart, WKHS is seen in an early breakout from a descending triangle, Trendlines and relevant overhead resistances are shown. A long position is shown with a 40% upside and an inital stop loss of 8 % for a reward to risk of 5. The stop loss would be moved to breakeven upon 10% price rise. While this is a long stock trade...
FSR could follow TSLA in a current up trend, especially with general market support. Fundamentally, the recent earnings report was favorable. GM's report of plans for a competing vehicle in the low-cost electric Equinox could be fundamentally adverse. FSR is in a descending triangle with an overall price decrease of $2 so any breakout could yield an up trend...
Everyone is extremely bullish right now and is saying the bottom is in. But I am still very sceptical. We are having a relief uptrend as predicted in my last analysis. The downtrend is really strong and there is absolutely no sign of a trend reversal at this moment! As you can see on the weekly chart, we have an incomplete falling wedge pattern and clearly...
Nasdaq has created the descending triangle pattern on 15-30 min time frame. And it is happening on an important support **12000** For this price (support), it has been trying to close 1H/4H candle to go bellow, but failed. However, the pattern is in place.. wait for breakout and retest for confirmation. This price range so a lot of volatility, so keep you SL in...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this quick BTC update. BTC is still in a very uncertain situation and trading between the range of $19.5k-$20.5k According to the chart, BTC is trading inside a descending triangle. So from here, $17.5k or $22k will depend on the breakout or breakdown of this...
Descending triangle are break both side upside and downside so, in that situation we should wait for break and retest than we enter in trade I wrote Both possible scenario target on chart Take trade after retest and set SL according to your Risk management I hope you enjoy my thoughts If yes, hit like and follow buttons
A possible scenario for descending triangle, target is given for both situations like Breakout and Breakdown So, in Both situations, take trade on retest and set SL according your Risk managemen I hope you enjoy my thoughts Hit like and follow buttons😍😍