Price action and chart pattern trading setup:
> This TF4H wave projection is indicating that after 5 wave correction forming A-wave now possible making a B-wave rising triangle pattern for uptrend correction.
> Target @ R1 is the rising triangle target +20% upside and R2 is the bullish flag target +40%, both are the potential B-wave correction target at 0.5 and...
Price action and chart pattern trading setup:
> The key level to watch for the price now almost reaches the upcoming channel resistance and minor ABC pattern T1 zone.
> Take partial profit recommendation, most likely to retest the triangle neckline or breakdown making E wave dump and pump pattern.
> Entry @ neckline pullback zone 0.382 and S2 @ 0.618 SMA200D...
Bitcoin 1H Chart Rising Triangle
What do you think? I am interested in different opinions.
Rising Triangle is a trend continuation pattern, which in this case is a down trend.
ADA/USDT BINANCE H1: Rising Triangle (prospect)
Rising Triangle H1 with missing "5"
Three Scenarios Possible
1) "5" is made and bullish breakout with Bullish Targets
2) "5" is made and bearish breakout with Bearish Targets after the next "4" is made
3) "5" is not made and bearish breakout through the trendline, here the target would be "⚠️ PROSPECT: RT...
Price Action & Chart Pattern Trading
> Rising Triangle PULLBACK medium term trading setup
> Bullish Butterfly harmonic pattern
> RSI & MACD bullish signal above baseline
Trading with affordable risk ratio 4:1 for medium term
Always respect your stoploss
Good Luck
Summary:
EURAUD traded in a rising triangle formation
The pair broke above the upper limit of the formation today
Recommendation
Trade: Long EURAUD for the market
Take Profit: 1.6017
Stop loss: 1.5400
Justification:
EURAUD has been trading in a triangle formation since late Feb 2021. Today's break above the upper limit in the 1.5630 area signals...
WABIBTC is creating a falling wedge below the weekly resistance. IF the price will have a breakout and flip the current resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue...
