TU | Thailand SET Index | Food Sector | Chart Pattern & Price Action Trading
Descending Triangle Breakout with Bearish Tweezer Top Candlestick pattern - Wait for Entry @ Pullback at retest position
Double Bottom & Top
RSI strong bullish signal
MACD about to cross the baseline 0
Trade with affordable risk ratio 3:1
Always respect your stop-loss
Good Luck
DP
- MKR is forming an head and shoulders - bearish pattern on the daily chart.
- On the weekly chart, we can spot also a huge descending / symmetrical triangle.
- The situation is not looking good for MKR at this moment as bears want the price to go lower.
- I think below 2100 are lots of stop losses and stop market orders are waiting to be triggered.
Description
NKE has now rejected the 175 level for the third time, now I am tracking this Descending Triangle consolidation pattern.
This could be a Double-Top pattern in the making, although the Double-Top is notoriously difficult to track, and nearly never confirmed until long after is has finished it's formation.
Evidence indicative of the usual Double Top:
...
- Ethereum started to drop really hard past days and this trend should continue.
- Ethereum is still oversold compared to bitcoin, if you take a look at coinmarketcap.
- The chart is printing a descending trriangle, which is currently breaking down.
- Also the trendline is destroyed by the bears today!
- Bearish divergence (RSI) + pin bar on the monthy chart ETHBTC.
Hello guys, as mentioned in previous posts, Im just a day trader showing my ideas, do not take this as financial advice, always do your own research (DYOR).
In previous ideas I talked about how BTC was struggling to get past the 48k resistance, suck in a range between 48k and 46k.
We expected some downturn, which we got, and we are now trading in the low side of...
- The situation in the crypto market is not looking good at all.
- Neo is forming and descending triangle - bearish pattern.
- THe price is also below the trendline started in March 2020.
LINK is currently within a Falling Wedge (bullish) inside a massive Descending Triangle (bearish)--and both are converging on the same general point. Sellers are exhausted and supportive momentum appears to be building, but the Descending Triangle presents a lot of overhead resistance. My view is that the resistance will continue to suppress the price for 1-2...
in hourly chart Jindal steel breaked descending triangle (sing of bullishness) RSI also above of 60.. Am I right according to you or not, please suggest.
Major Descending Triangle on the Higher timeframes for this pair.
I am simply trying to catch the falling momentum coming off the resistance trendline even though the best trade would be to wait until price breaks out of the triangle in whichever direction it decides to break out of.
Here is the play I am taking on this trade:
PAIR = GBP/CHF
ORDER TYPE =...
Price has broken above the resistance line of a descending triangle with a convincing bull candle.
Price is also coming from a major support zone, will nothing but space an opportunity for it go back up to the resistance area.
Here is the play I will be taking on this trade:
PAIR = CAD/CHF
ORDER TYPE = BUY NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE =...
- Looks like the bull market for ETH is over due to bearish pin bar and bearish divergence on the monthly time frame.
- Shooting start candle formed last month.
- The price is currently breaking down out of the huge ascending channel on the weekly time frame!
- We have a double TOP reversal pattern.
- We can retest the previous all time high (1420 USD) from 2018.
Hello everyone, as mentioned in other ideas, I’m just a day trader looking to learn. Im in no ways an expert so please don’t take my ideas as financial advise. Always do your own research.
As I suggested in my first post, BTC attempted to breach 48k just before new year, formed a descending triangle and with options expiryng at 00:00 (With the max pain price at...
Hello everyone, New Year’s update.
Following my two previous ideas, BTC attempted to break the 48k resistance but formed a descending triangle. With options expiring at midnight, the maximum pain price being 48k and the formation of a descending triangle, I expected the price to drop to the 46k resistance, which ended up playing out.
On my second idea, I noticed...
Hello everyone again, I'f fairly new at, just looking for feedback.
As seen in my previous idea, BTC was forming a descending triangle after an attempt to break the 48k resistance.
This with the options expiry at 00:00 I expected a breakout to the downside with very high volatility, which ended up happening and the pair quickly dropped to 46k.
Now the 46k level...
Dogecoin is consolidating in a tight range as price nears the apex of a descending triangle pattern. Price is also below all moving averages with all averages in a bearish cross. Lower indicators all show bearish trend and momentum behind price. Watch for a break above triangle for new rally, a break below triangle for more losses.
$BNBUSD entry PTs 500-514 Target PTs 935-990 and higher
DESCENDING TRIANGLE, RESISTANCE LINE, ACCUMULATION ZONE AT LOCAL ZONE AND TRENDLINE
Currently price trades in accumulation zone range of PTs 507-515
I think today or tomorrow, price will exit from the accumulation zone and break the resistance line of the descending triangle juncture
$BNBUSD will continue to...
