How to trade symmetrical triangle patterns with entries and stop levels.
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
Initial break out from the symmetrical triangle has failed but the support provided from the upper line of the triangle allows for a second attempt This support is just below the 0.5 fib
Chart is self explanatory. Don't invest and trade blindly.
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...
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: AUDUSD is sitting around a strong resistance/supply so we will be looking for sell setups on lower timeframes. on H1: AUDUSD is forming a symmetrical triangle in red, but it is not valid yet, so we will be waiting for a third swing to form around our lower red...
Currently, in the chart presented above, there is a symmetrical triangle, something that has occurred on various altcoin charts, if bitcoin can break to the upside of this symmetrical triangle, it is likely there will be another run to the upside for the entire crypto community, however, it is important to note that most charts against BTC are bearish, so it is...
We are starting to see "Perfect" vibrations within the Symmetrical Triangle formed on BTC.. This 13800 approx axis will be one for the history books and for us Heartbeaters we will range BTC Bullish and Bearish from her.. Best of luck and note that these are generally bullish or at least you´ll see a solid throwback allowing you to recoup if you don´t get shaky...