As We Talked in The Previous Analysis: The GBPCAD Reached a Strong Resistance Level. The Price Formed an Expanding Triangle Pattern. Currently, The Higher Low is Broken. So, I Predict a Bearish Move📉. TARGET: 1.69320🎯
As We Talked in The Previous Analysis: The GBPCAD Price Formed an Expanding Triangle Pattern. The Higher Low is Broken. Currently: The Price Pull Back to Important Structure and Formed a Head and Shoulders Pattern. TARGET: 1.69320🎯
The expanding triangle, as its name suggests, is a triangle, but it differs from the other 3 types of triangle patterns which we covered in the previous chapter. All triangle patterns consist of 2 lines, but in the previous 3 triangles (symmetrical, ascending, descending), the lines were converging, whereas for the expanding triangle, the lines are diverging.
Hello Traders ! On The Daily Time Frame, The GBPCAD Reached a Strong Resistance Level. The Price Formed an Expanding Triangle Pattern. Let's Expect The Bearish Scenario: If The Market Breaks The Higher Low (1.70595 - 1.70440) and Closes Below That, We Will See a Bearish Move... TARGET: 1.69320🎯
Weekly chart, the stock is trading in an expanding triangle, with positive technical indicators RSI and MACD. After crossing the resistance line (BLUE) - at around 5.7, the target will be 9.38 Below the support line, the stop loss should be considered.
Daily chart, the stock SKPC has been trading in an expanding triangle since May 2023, and it is trending upwards - as supported by the positive MACD and RSI indicators. Targets are 32, 34, then 37.7 For daily trader, the stop loss below 28.5 should be considered.
A B-wave is possibly morphing into an expanding triangle to be then followed by an upward correction meaning the start of the C-wave which would potentially conclude the corrective phase of the previous downtrend started around mid-july 2020.
We expect further downside on this pair, signalled by the formation of an expanding triangle pattern breakout. We can also see the breakout, close and retest of the price below the key level on lower time frames, further supporting our directional basis. The trend has changed from bullish to bearish.
Hello Traders, Today, we're focusing on EUR/GBP. I'm thrilled to share this analysis, especially since I don't often publish such insights. Let this be the inaugural one. On its daily chart, EUR/GBP is navigating through the 5th wave within an expanding triangle. Recent price movements hint at a potential reversal, underscored by the formation of a price...
GMTUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH What you guys think of this idea?
BTC 4h Bear Expanding triangle ⏰ TimeFrame 4 hours 👉 Bearish Expanding Triangle 👉 Potential drop 👉 Fibo Measure 👉"This is the Way" ✔️Logarithmic (Log) Chart & Fib ✔️ (Log)MACD
Assessment: EXPANDING TRIANGLE (CONTINUOUS TYPE) This technical analysis is powered by FIGO TRADER® - The pinnacle of trade NB: For best results, ENTRY should be executed at the breakout of chart pattern.
EURJPY has formed expanding triangle or we can say a megaphone pattern. Usually price react extremely well to the support and and resistance of the pattern as we can witness in the pattern. Currently the price is at the resistance of the pattern , if the price start to continue dropping the next target could be 157.715 followed by 157.192.
Hello Traders! The USDCAD Broke a Strong Daily Resistance Level (1.36023-1.36681) Currently, This Resistance Level Becomes New Support Level. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 1.37350🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Dear Traders, Wave structure consists of 5 waves marked a-b-c-d-e, structured 3-3-3-3-3. It also precedes the final movement of the trend of one larger degree. The only difference is its shape. Instead of contracting, it is expanding, which means that wave “a” is the smallest and wave “e” the biggest. In this case we will have the last drop and then a huge long position.
Potential expanded ending diagonal scenario for this asset. Price action is likely heading downward to made an interesting and profitable 3th wave of the expected bearish impulse wave 3 of that triangle / megaphone hypothetical scene. Key levels for watching on that 30m chart, plus Chaikin Money Flow divergences. Bear flag breakdown expected for soon on 4h chart -...
* 4H The $29500 I kept mentioning in my previous analysis continues to be a strong support zone. It seems that the expanding triangle pattern is also in progress. This pattern usually goes up to the top line, so I think it's likely to go up first. The current downward trend line is also broken, and it is likely to rise unless it breaks the $29,500...
Expanding Triangle D1 Contracting Triangle w1 Short Now and after Down We gat a Strong Buy Wave 5 And Push Down again Now we are in wave 4 From (C) looks like (Expanding Triangle) after This We have a last Wave 5 in the limits 1.98200-- 78.6% fibo From wave (D) and Push Down again have a good luck