Assessment: EXPANDING TRIANGLE (CONTINUOUS TYPE)
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NB:
For best results, ENTRY should be executed at the breakout of chart pattern.
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...
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...
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TARGET: 1.37350🎯
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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
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
According to my wave count, BTCUSDT is finishing an 5th wave expanded in an ending diagonal to complete wave 5 of the actual bearish impulsive wave of this cyclical bear market.
For MDB the structure is called an expanding triangle, its bearish with huge volatile swings. There is enough evidence to assume a break below 224.75 (blue box) will initiate a selloff to at least the yellow box (189-203 range) by next Friday 4/28.
From that momentum it could complete downside target (red box) to as low as 175 before bouncing in early May....
BTCUSDT is in a downtrend now to fill the corrective wave-A in a broadening structure, which suggests by the wave count that we are in the terminus of a micro wave-ii, thereby the expected retrace can reach 27750 in the rest of the day, i.e. I'm predicting a extensive wave-(V) in a expanding ending diagonal (broadening wedge formation).
Hello Traders!
Welcome back to another post with analyst Aadil1000x.
Today we can see the patterns are repeating and in both cases, the patterns are forming after the breakout of expanding triangle patterns.
The previous pattern was expanding triangle; if we look whole accumulation period, you will see it is also an expanding triangle pattern.
The market is in...
First of all, forgive me to draw so much in this chart but AAPL is on fire and we've to take a close look to price movements because we could see awesome opportunities soon.
We all know AAPL, amazing business, great margins but now suffering some issues with production that can lead to some volatility.
In this chart, you can see:
1. A very big historical...
This will be introduction to expanding triangles.In a way, to my way of thinking, there are 3 kinds of markets: Trending markets, ranging markets, and expanding triangles. Sometimes expanding markets are elusive, but it helps you to know about them. You can still make money and manage your trades...Not knowing. In an expanding market, especially because they're...
