Hello guys, it´s time to look at the bigger picture again. As usual I am using the 3D interval to try and figure out what are our odds here. Fact is, we could be on the well known gigantic symmetrical triangle, which increases the odds, we will follow up the downtrend until a possible support will be hit not before middle of 2020. Does this have to happen? No,...
Bitcoin´s "Symmetrical Triangle", together with the current trend it has a slightly better chance to break upwards. This is not a forecast as usual. Everything you need to know is explained in the chart.
Remember there is always a chance pattern will not work out.
Note: This is a log chart, targets are measured with $ not...
Commodities are very volatile assets that can generate excellent profits if traded with discipline and awareness of their volatility.
In this case we are monitoring the compression of the price that is represented by the symmetrical triangle pattern, often symptom of potential breakout with subsequent trend.
We have set the alerts and we are...
As you can see at the chart, there's a clear symmetrical triangle happening. You need to know that symmetrical is the triangle that most frequently represent reversals. It's true that triangles are usual a continuation pattern, but in this case the TA set up for a reversal is so good:
1.- RSI over 50 and support over there, no bearish signs.
2.- ADX-DI on trendy...
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Aphria the love or hate it stock in the cannabis sector.
Aphria had in it's recent 4 th Quarter a EPS beat of 175%
Record Net Revenue of $128.6 Million, Up 75% from Prior Quarter
Revenue for Adult-use Cannabis of $18.5 Million, Up 158% from Prior Quarter
The only licensed producer in Germany with the permission to grow all three strains of medical cannabis...
Bullish on a weekly time-frame
Long Term trend-line support
Expect the price to bounce from current levels (118) to the Horizontal Resistance (124).
Scenario 1 - Price breaks above 124 and reaches 128
Scenario 2 - Price fails to break above 124 and falls back to support 116
Note - Self-Educational analysis
The price has formed a symmetrical triangle it has been broken so it is a good opportunity to buy or wait for the price to close above the resistance zone in order to confirm the rupture.
The price is still in the ascending channel so more upward movement is expected in this cross.
Also, check the RSI level above 70 for one more confirmation
The price has crossed the symmetrical triangle and closed above the resistance zone, so it is a good opportunity to enter the buy, also there is a macd bullish momentum even though it is not that big.
comment on your thoughts!
Price convergence forming a symmetrical triangle as Tesla fails to get back above red resistance zone.
RSI also converges. All sign that the stock is gearing up for a break of the triangle soon. Higher probability on the sell side. Tesla missed 3rd quarter delivery expectations.
Banks and investment funds target the price of Tesla back below the $200 level.
USD/CAD price performed a symmetrical triangle pattern on the Monthly chart.
The price range becomes very tight, it seems that very soon the price will have to pick a direction and to break the pattern.
It is very rare to find a triangle pattern on the monthly chart,
If the price will break the pattern toward up I'll look for a price action setup to buy...