March Milk still trading within the bullish flag. A symmetrical triangle within the flag is also forming. The downtrend off of the high at A is preventing a climb further. Will take a little mustard to breach. This Gartley pattern could be extended up to a max of 78.6%. If Milk climbs further this pattern will turn Cypher. Also note that open interest is falling....
On the 4H time frame we have a symmetrical triangle that i am looking to short upon the breakout of the lower trend line. There has been a lot of resistance at the 61.8 fib which coincides with the 1.23200 key resistance level which the bulls have failed the break above on the daily close. If you look on the daily chart there has been several rejections of this...
FX:EURUSD Safe Trades;
A possible symmetrical triangle is forming. This pattern often indicates movement in direction of breakout.
A bullish symmetrical triangle breakout has happened recently and it might be happening again. Things to note: - Established trend should exist (Uptrend in this case) - The triangle should have lower highs and higher lows as indicated. How i trade this breakout : - Entry price placed slightly above previous high of resistance trend line - Stop loss place...
Symmetrical Triangle getting close to breakout. Possible sell order at 117.143 with SL at 117.670 ant TP at 116.000 or Possible buy order at 117.717 with SL at 117.300 and TP at 118.900
$LEI symmetrical triangle. Will be exciting in the coming days. This stock has a history of spiking end of Dec/Jan-Feb, although they diluted and float has increased this has spikeability. So watch closely.
NASDAQ:TSLA Safe Trades;
Waiting for a breakout before a position.
NASDAQ:FB One projection that can send the price to test the super and all time trendline; By default, the projection of a bearish symmetrical triangle is equal to the previous and most recent move above that triangle, starting at the last "point" of the corrective structure or consolidation structure... Now, we have an ABC inside the triangle already forged,...
NYSE:BABA 4h Chart: Safe Trades;
NASDAQ:AMZN From left to the right: Higher high at $847 and with a 5 waves correction it forges one major 1st wave of a potential deeper corrective structure at $710.10; From there, the price bounced into a consolidation period, not over yet, and we have 3 basic options here: - 1st. ABC correction is done (3 waves) and the price will break the symmetrical...
Typical Symmetrical Triangle setup, with a short term formed support TL and a longer term formed resistance TL. Neutral for now as I am not taking a trade prior to a breakout in either direction, however I am leaning towards a bearish breakout of the support TL due to the strong US Dollar
Although markets won't open for another 20 hours and 23 minutes, when they do I will be expecting a short on this pair to be a god position to take. Solid 50 to 75 pips to be made, depending on where the gap forms.
Its simple guys, we have symmetrical triangle pattern in GBPUSD and I have overlayed with Elliott wave count ( if you aren't comfortable with waves skip that part, no issues ). Even then we are in Bearish tone, so I expect the triangle to break to downside. Moreover in GBPUSD we have hourly resistance zone around 1.2380's , so even if upside break happens it may...