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😍😍
read the description posted on chart i wrote egzactly what i am see right now.
Descending triangle, RSI about to cross / has crossed into 50s, OBV is printing a bullish flag, it broke 50/20 emas. We may be looking at a break to high 5s / low 6.
BTC moving in descending triangle formation. soon will be CPI released and FED decision if the BTC wont break this triangle today upside it will be hard month
havells made & broke out of triangle pattern on smaller time frame with good volumes. Could be bought with mentioned stoploss & targets for 1-2 sessions as its on 15 mins chart breakout.
Descending Triangle Formation in OANDA:AUDUSD Go short after the triangle breakout to the downside! DXY seems to be strengthened against AXY! Best of Luck! Your feedback would be appreciated!
The chart has formed a descending wedge, and following a breakout. You can take a trade like my position targets✌️
Bitcoin is still a very weak asset, compared to altcoins or the stock market index. As per my technical analysis, bitcoin's dominance should go down to the previous swing low established in 2018. You can bet there will be a bounce, but the question is, how big is the bounce going to be? As you can see on the chart, the ABCDE pattern has been completed, which...
OANDA:GBPUSD GBPUSD is still within descending channel and broke last Friday a descending triangle...Will take short positions on lower time frame. Share your opinion in the comments and support the idea with like.
BTC 15 min time frame looks good for short as the trend is bearish so looks so good and also look for reversal if it breaks for upside might give up move also but however the overall all markets are down so impact will on BTC also so look this watch this in 5 min time frame for target and stop ;loss
XRP is a very weak coin this year, and this trend will probably continue for another year. I'll tell you why. During the bull market in 2020–2021, XRP failed to print an impulsive wave and also failed to make a new all-time high. Instead of an impulsive structure, we have an ABC correction. This tells us that the bulls are not strong enough yet to push the...
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Ticker Symbol: $V ️Timeframe: DAY ️BREAK OF RISING WEDGE AND INSIDE DESCENDING CHANNEL ️Investment Strategy: SHORT TECHNICAL ANALYSIS: MONEY MOVEMENT SHIFTING DOWN AND RED DOT: BEARISH RISING WEDGE BROKEN, MIGHT SEE 190 AGAIN. (BEARISH) DESCENDING TRIANGLE CHANNEL: BEARISH Follow for daily stock, crypto and forex technical analysis. Trading is risky, and...
I studied this market structure for several hours, and my conclusion is that there is no valid Elliott Wave bullish count. Simply, a valid Elliott Wave count does not exist. Is this a problem? From the Elliott Wave perspective, there are 2 possible options: 1) If we want to stay bullish, we have to accept the fact that a third impulsive wave can sometimes...
so we wait patiently the market just break the descending triangle and is currently retesting so what we should watch for is......... 1) the market might come to grab liquidity at the bottom of the triangle :so if that happens we can then enter 2) if we notice an instant reversal from the retest then we would wait for the recent high to get broken so...
On the daily you can see we are in a descending triangle and as you can see we have levels down at the 20K level we still need to go back to if we close the daily in 45mins with a red candle I'm taking a sell
Alibaba is in a descending triangle pattern. We expect that after the breakout the price will increase. Entry level, Stop loss and Target price in the chart.
This descending triangle in the most "bullish" of sectors - energy - seems to prove that we are in a bear market. The descending triangle seems to trade with a bearish elliot wave pattern for descending triangles as evidenced here: thepatternsite.com Share your thoughts in the comments below.