Previous Double Bottom Pattern (Invalidated)
New Pattern:
Symmetrical Triangle
Price target if breakout to the upside: $168- $169
Price Target if break to the downside: $150- $151
If Price Breaks Above Top of Triangle: Wait for a Retest (to confirm support), Then Enter Long
If Price Breaks Below Bottom of the triangle, Wait for a Retest (to confirm...
- Swipe looks terrible on the daily / weekly timeframe.
- We have a descending triangle that is currently breaking down.
- I do not see any bullishness on this chart.
- Another 57% DROP is expected, then we can retest the triangle.
Last week I suggested shorting Albemarle (ALB) if it pushed through the many levels of support and closed below 215 in price.
Technical analysis in the form of chart patterns like descending triangles, double tops, multiple downward spikes, an increase in volume on the uptrend, and the Fibonacci retracement along with a close below a long-term upward trendline...
Price has broken out of a symmetrical triangle on the higher timeframe at a major supply zone.
I am expecting price to continue falling to the next demand zone.
Here is the play I will be taking on this pair:
PAIR = EUR/USD
ORDER TYPE = MARKET SELL NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.12700
STOP LOSS = 1.14815
TAKE PROFIT = 1.11700
Looks like the price is approaching a triangle top on D1.
A meaningful level to keep close eye on in the short term.
The possibility for reversal is there (take a snap @ monthly) although the movement that led to the 8 months pattern in bullish.
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Price has broken out of a symmetrical triangle on the weekly timeframe.
I am looking to capitalize off the breakout, price has not pullback or retracted just yet but if it does not then price should take off.
Here is the play I will be taking on this pair:
PAIR = GBPNZD
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE =...
Price has broken out of a symmetrical triangle on the daily timeframe.
On the 4hr timeframe price has broken and retested old support as new resistance.
The bears have came in after the rejection of new resistance.
Here is the play I will be taking on this pair:
PAIR = AUDJPY
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY...
#LUNAUSDT Hello trader, I hope are good and safe. Today I opened the chart of #LUNAUSDT for 15 Min and analyzed it then I see that this chart has made a SYMMETRICAL TRIANGLE, So I hope #LUNAUSDT will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
Hi everyone,
Thank you for considering reading my idea.
Here we have a simple symmetrical triangle pattern. Usually, this pattern is a continuation pattern. Since we were dumping before we formed this pattern, it is expected to continue its trend to the downside. But now, we're seeing that it broke out of the pattern to the upside. Although, we broke out, the...
HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR.
* The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair just broke...
From 19th October the stock has been consolidating in a symmetrical triangle pattern.
It is near its support.
Wait for the confirmation before entering inro the stock.
Nearly 3 months of consolidation has been there.
Once the stock price leaves the consolidation phase it can give a good moment either side.
Hi!
I think that $AVAX is moving in a symmetrical triangle with the target of 163$. This target exactly matches with 1.236 fib level.
In my opinion, this long setup has a good RR ratio.
Wish you all BIG PROFITS!
The video is self-explanatory. Add this stock to your watchlist.
Aim for 5-8% if it breaks the trend line as it can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 4-8% is because the market direction is not sure at this point. So better to...
![BTCUSD: #Bitcoin Symmetrical Triangle [15m]](https://s3.tradingview.com/x/xgab5QoO_mid.png "#Bitcoin Symmetrical Triangle [15m]")
