Following on from my previous stock ideas, I'm expecting a further downswing after the consolidation bounce on most stocks for a Wave 'C' once the bearish continuation symmetrical triangle breaks down Waiting for directional break currently DJ:W1DOW SP:SPX TVC:SPX OANDA:SPX500USD OANDA:NAS100USD NASDAQ:NQGM NASDAQ:NQGI
I think there is absolutely no time for a multi-year bear market at this moment. We had exactly the same correction (73%) as in 2020, and after that a massive bull run started. As per my Elliott Wave analysis, we are still in the bull market of an impulse wave and we need to finish it. An ABC correction (ZigZag 5-3-5, wave 4) has been completed successfully,...
Beast Trading _ Today's Bitcoin Perspective As I said yesterday, Bitcoin broke its high point and rose to 24.4K. Since then, it seems that the wave has emerged as a form of adjustment to the increase In general, the adjustment wave is divided into three waves: A/B/C. Now, wave A appeared as it fell into abc form, and wave B appears to be coming out in the...
CRM hit a low of 154 in late May, a 78.6% fibonacci retracement of it's major AB swing up. It then traded sideways in the past 2 months, forming a symmetrical triangle. With bullish divergence seen on it's monthly chart, it looks like the odds of a breakup is likely and when this happens, it is probably a good time to ride the trend. Disclaimer: Just my 2 cents...
ZRXUSDT Technical analysis update ZRX formed a symmetric triangle in 4h chart, if the price breaks above the triangle resistance line then we can expect an up move in ZRX. Buy zone: above $0.335 Stop loss : $0.30 TP 1 : $0.365 TP 2 : $0.405 TP 3 : $0.460 Max leverage: 1x Always keep stop Thanks Hexa
Since its inception, Trust Wallet Token (TWT) entered into a long period of consolidation, developing a symmetrical triangle formation. The multi-year symmetrical triangle pattern now calls for a retest of the upper resistance level around the $1.4 level. Symmetrical Triangle Pattern This multi-year pattern has the potential to continue driving the price action...
Big nice triangle on 1h chart. good consolidation. I hope it will break up this one. Good entry point imo.
After falling about 52% from it's peak of 714 to a low of 339 on 12 May, INTU began to move sideways for the next 2.5 months, cumulating into a Symmetrical Triangle. It began to break above this triangle yesterday and today continued on the upward trajectory. The trend is clearly reversing to the upside now and any near term pullback should ideally not fall back...
Two symmetrical Triangles, One on the left showing price poised above the higher trend line, which will likely lead to bull continuation as indicated by the green arrow The one on the right shows a stronger breakout Both of these scenarios are bullish and follow well with the bullish nature of symmetrical triangles
The 4H breakout candle must fully form before entry on retest. Quick 3R like and Subscribe.
If I see the breakout of the descending triangle I will long DXY.... The setup above yields 3.53R.... Like and Subscribe.
Harte Hanks Inc, just broke out from a symmetrical triangle. Actually broke out yesterday and I did't buy. I'm being very cautions on buying breakouts as they still aren't working that well. But still I'm keeping an eye on it and wait on a throwback NASDAQ:HHS is a company that provides B2B data-driven marketing strategies. It ranks #1 in its industry in...
well im excited to see what happens with this and where the price ends up. although im low key bullish cause this a 4-hour timeframe which is quite big and large timeframes like these normally dont form bearish patterns, but we shall see what actually happens... Happy Trading !!!
Inverse head and shoulders.....coupled with triangle break..... A strong daily close above these structures should most likely lead to a bullish move to 1.26000. 3R....like and Subscribe.
This is my quick update on Bitcoin on the 4h chart (local price action). Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish! We have an incomplete rising wedge, so there is a great chance for another wave to the upside. As per my Elliott wave analysis - we are basically in the middle of this...
First of all I want you to take a look at the volume indicator - there is the highest volume spike since the coin was listed on the exchange! This coin is currently #2 on TradingView Binance USDT list. Price is printing a descending parallel channel on the daily / weekly time frame and it looks like the bulls already destroyed the main trendline. Also we can...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this RUNE/USDT trade setup. RUNE looks good here. Breaks out from the big symmetrical triangle in 6hr time frame. Expecting a big move to the upside from here. Entry range:- $2.34-$2.44 Target1:- $2.72 Target2:- $3.02 Target3:- $3.44 Target4:- $4.44 SL:- For...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this Alt M.cap AKA Total3 update. Alt m.cap is trading inside a symmetrical triangle in the daily time frame and currently facing some resistance as the triangle's upper trendline. I'm expecting some pullback from here. I'm not opening any long positions now. Either...