As you can see in the chart we broke already out of the symmetrical triangle as we're talking about a reversal due to the (coming) bull period. LINK is now forming some new small patterns to prove next continuation. Next stop seems to be 36% as we copy the 50% bear to the outbreak of the reversal pattern. We has still 28% growth to go.
A symmetric wedge pattern formation can be seen on the INDIAMART charts, also there is the resistance from the fibs at 0.236 ratio. I would be biased towards shorting INDIAMART. Caution to be exercised. Overall market also looks in mood of correction.
Depending on which trendline is broken, a target of 9500 on upside and 7500 on downside is possible.
I am not a...
Typical and repetitive pattern, such as this Triangle. We will can find in any market, any day, week or month.
The number of setups/signals depends on the time-frame you use.
Learn, practice and improve on a small amount of time-frames, if you master them. You will never ever have to get a job again.
Most importantly, stay safe, hydrated and green!
I haven’t post charts in a while because I was busy. Excuse me to my 18 followers.
If we zoom out on the daily we can see a symmetrical triangle forming. As I stated earlier, there is more space for downside. But if we can manage to hold the upper support line we can make a good bounce. If we break to the upside the target is somewhere between 85-100K (depending...
PLUG in a critical spot here testing a long-term uptrend line. Watching this one closely, big symmetrical triangle on its yearly chart but also quite a large falling wedge (See Chart in Description Below). Bollinger bands are as tight as can be with some bullish divergence on the RSI- Just some FIB levels & RSI-based supply and demand zones to keep an eye on
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SOL is sitting around strong support in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: SOL is forming a symmetrical triangle in red but the...
$QRHC MIRRORED SYMMETRICAL PATTERN
RS Ratio: 1/08 on 7/09/2021
Influx of Volume on 11/01/2017
Quest Resource Holding Corporation provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. It offers disposal and recycling services for motor oil and automotive lubricants, oil filters, scrap tires, oily...
Bitcoin is nearing a breakout from a symmetrical triangle:
-The descending trend line started around the initial liquidation around the 19th of May, at around 41,000 USD
-The ascending trend line started around some large buy-side volume when prices dipped to as low as around 29,000 USD
The RSI descending channel is nearing it's top trend line where it...
Big symmetrical triangle forming on TSM
- Buyer volume starting to pick up again relative to seller volume
- EMA's are all starting to curl upwards (not pictured)
- Bollinger Bands are squeezing
- Will be looking for a breakout at the end of this triangle (broader market conditions permitting)
Just a quick chart, as you can see the downtrend line from the previous Symmetrical Triangle is pretty important if price can find support above this area marked with a green tick its likely BTC Heads up to the marked Resistance area.
Litecoin is looking interesting as it continues to trade in a symmetrical triangle figure without being able to break in either direction, still it is rarely registering big losses %-wise compared to the rest of the majors. The price is now hovering around the March correction low of $170 and the POC line (Point of control) and is ready to reach the break...
- Have been watching AAPl for quite some time now (see the previous chart).
Finally approaching the end of this triangle, has bounced off the bottom trendline multiple times in addition to holding & bouncing off its 200day EMA.
- On top of approaching the end of this triangle, AAPL is squeezing on its daily chart between the AVWAP of the previous high and low...
Hello TradingView family,
BITCOIN is now stuck inside a range in the shape of a symmetrical triangle. And every new candle is making the range even narrower.
Well as per the textbook, a symmetrical triangle is a bilateral pattern, which means it can be broken on either side.
However, as per my crypto approach, I will only be looking for buy setups.