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Triangle

EDUCATION: Ascending TriangleHello, dear subscribers! Today we will talk about the most popular chart pattern - the ascending triangle. This is commonly known bullish pattern and its correct recognition will help you to earn money. How to identify the Ascending Triangle? First of all we should clearly understand that the price now is in global uptrend. The socond one is the uptrend support line. There are should be at least three attempts to break this line down. The last component of the ascending tringle formation is the horizontal resistance line. How to trade with the ascending triangle? If the ascending triangle pattern is formed you should identify the breakout point. It is the most difficult part of the analysis because the ideal triangle pattern is rare. We have to find some confirmation of the uptrend continuation with another indicators. The last question is how to set the take profit. It is usually used the triangle height for the take profit setup.
Education
by Skyrexio
How To Trade EMA here i have set very good example on how you can trade EMA it's common for every asset that it follow the price of EMA ( the moving average ) let's take example i set 7 ema on weekly chart so it's total 49 days moving average so if price make bounce above this ema on weekly something has been cooking in the asset . it's 49 days downtrend same breakdown of EMA ( exponential moving average ) also shows upcoming correction in price on higher timeframe so don't ignore moving average use this EMA with the triangle and other pattern and make your trading better any asset always respect it moving average price if fall below major ema than it will take resistance if goes up than it will bounce when it touch EMA
Education
by TheLightCrypto
💡Ascending Triangle in ZECUSD - "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern . If price can break through the resistance level, that level will now act as a support level. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance. But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows . TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
POLONIEX:ZECUSDEducation
by ForecastCity
11
GOLD & THE TUESDAY NIGHT? WINS STOCK MARKET RALLY ? WINS STOCK MARKET DOWNTURN NO WINNER TONIGHT STOCK MARKET SEVERE DOWNTURN BECAUSE STOCK MARKET DOES NOT LIKE UNCERTAINTY. Descending Chart Pattern Price Bias is Bearish While gold has an inverse relationship with the dollar, stocks markets also have a deep connection to the metal. Investors commonly perceive gold as a haven in the event of a severe stock market downturn. ... Typically, stocks have a high negative correlation with the US dollar . However, gold has an opposite relationship.
OANDA:XAUUSDEducation
by Tradingstrategyguides
1
Psychology and description of the ascending triangleHi every one Kindly like the ideas if it is helping you and leave a comment Triangle patterns are some of the most commonly used chart patterns within the world of trading. The vertex of a triangle pattern represents a pivotal point during an ongoing battle between the bulls and the bears, thus making it an attractive setup for traders. The three most common triangle patterns include symmetric, descending, and ascending. Today, me will discuss the ascending triangle pattern. what is ascending triangle: An ascending triangle pattern is comprised of two key elements: 1. Bottom Trend Line (Support) – An ascending triangle is characterized by a bottom trend line that is formed as the stock continues to set higher lows. The more touch points on the trend line, the more reliable it will be. 2. Flat Resistance Line – An ascending triangle also contains a flat horizontal resistance line that is formed as the stock continues to reject its previous highs (for a given period). Once again, the more touch points on the resistance line, the more reliable the pattern will be. Characteristics of an Ascending Triangle Pattern: Bullish Pattern – An ascending triangle is considered to be bullish, meaning traders will be looking to initiate a long position upon a break of the upper resistance level. Continuation Pattern – An ascending triangle is generally a continuation pattern, meaning that it’s predictive nature is most effective when a stock is continuing an uptrend. Time frame – Ascending triangles can be used on multiple timeframes. They may exist on intraday charts, hourly charts, daily charts, and weekly charts. Psychology Behind the Ascending Triangle Pattern: It can be helpful to think of the ascending triangle pattern as a visualization of an ongoing battle between the bulls and the bears. The bulls keep pushing the stock up in price until they get overpowered by the bears (at the flat resistance level). The bears attempt to push the stock down, however the bulls are persistent and the stock sets a higher low (bottom trend line). This pattern continues until the price action becomes confined to the vertex of the triangle, representing a pivotal moment in this battle. At this point, either the bears will win and the stock will break the bottom trend line, or the bulls will win and break the flat resistance line. Historically speaking, this pattern favors the bulls, and if the flat resistance line is broken, the bulls will be able to push the price up, triggering a breakout. How to Trade the Ascending Triangle: It’s important to keep in mind that even though this is a bullish pattern, a breakout is not guaranteed. Chart patterns should be used as tools, not definitive solutions for conquering the market. Therefore, you should still apply your other trading rules and strategies when utilizing chart patterns. Here are a few guides for placing a trade based on the ascending triangle pattern. Wait for the Breakout – Unless you’re experienced in trading ascending triangle patterns, you should wait the stock to break above the flat resistance line before placing a trade. You may get a better price if you buy shares earlier, but you are also exposing yourself to additional risk. Be patient and set an alert in your trading software if you’d like. Look for Volume – High volume in the stock market represents conviction behind a move, indicating that a large amount of traders want a position in the stock. While above average volume is not necessary for an ascending triangle pattern breakout, it may increase the likelihood of a stronger move. Look for Confirmation – If an ascending triangle breakout is genuine, the flat line resistance level should become a support level. If the stock starts to pullback after the breakout, you should look for the previous resistance level to hold as support. This will help confirm the legitimacy of the breakout. It also allows traders who missed the initial move to take a position. Have an Exit Plan – All trades require an exit plan for both favorable and unfavorable outcomes. If the stock pulls back and breaks the support level (previous flat line resistance), you may consider exiting your position, as the legitimacy of the breakout is in question. You will also want to have a plan for when to take profit if the stock moves in your favor. Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad Thank you for seeing idea . please support us Good luck.
BITSTAMP:BTCUSDEducation
by CobraVanguard
24
eurjpy daily time framein weekly and daily time frame we expect bearish market 1 . Descending triangle 2 . breaked out previous bullish trend lines 3 . Trend is downtrend in bigger time frames 4 . pass higher low and strong support ( if price reached to Entry zone ) below of higher low 5 . actually we are in another descending triangle in weekly time frame that seems we are facing with strong bearish market Notice that only enter after confirmations . Then Get and Forget with suit sl targets are placed by fibonacci and support resistance lines sl in this case will be upper that higher high we should wait to see what will happen what do you think ?! swapping idea helps to find new view ♥
Education
by TradeWithMky
1
How To Trade an Ascending Triangle - Educational PostHOW TO TRADE THE ASCENDING TRIANGLE? 1. Wait for the price to breakout from the inside of the triangle. 2. Enter the trade when price retest the breakout level. 3. Set your Stop-Loss below the last Lower Low of the market structure. 4. Set target to be equal with the distance from A to B. This tutorial contains educational material. Please hit the LIKE button to support me! FOLLOW ME if you liked this post and want to see more educational post and trading ideas. Thank you!
Education
by wolf-lamb
Binance Hot list coin July 15, 2020 : XMRUSDT #3Looking similar with the other 2 coins IOTA and BNB. Currently the price is trending slightly below the resistance zone of the ascending triangle pattern for short term perspective. But, for longer term perspective there is a small gap for the price to test the resistance trend line that is a strong resistance zone. Breaking above this resistance trend line will lead the price to the new up trend bias in long term. The hidden bullish divergence is occurring and I think the take off will take place soon.
XEducation
by junosats
1
Binance Hot list coin July 13, 2020 : ETCUSDT #2Here is my premature deduction based on the Elliot Wave Theory and count on Ethereum Classic. There could be a complex and flat correction wave on 4th which forms a potential descending triangle that usually becomes a failure. Beside, the RSI has its first peak and there could potentially the 2nd peak which forms a lower high but higher high on the price. Breaking out above the resistance trend line will activate my laddering buy.
Education
by junosats
Binance Hot list coin July 13, 2020 : QTUMUSDT #1Quantum is looking good for now. The action of slowing down of the volatility and the fact of the contracting triangle to form after a huge break out from the white resistance trend line could be the action of the accumulation zone. During this accumulation phase, the bulls is slowly gaining some momentum of potential breaks out to the upside of the triangle. Currently there is a hidden bullish divergence occurs between price, RSI and MACD. This is one of a good sign of potential bullish continuation.
Education
by junosats
2
Binance Hot list coin July, 7th 2020 : NPXSUSDT #2The price is currently forming a Symmetrical triangle with the sign of lower in volume and volatility. On the 2 hours chart the price is trending slightly above the EMA 55 (yellow) which acts as a dynamic support. This is however a strong support for Pundi X. While the price comes closer to the APEX of the triangle, I'll expect a breaks toward the upside and targeting the white region as the nearest resistance and the interim swing high.
NEducation
by junosats
Binance Hot list coin July, 4th 2020 : IOTAUSDT #2IOTA is currently trending above the white resistance trend line after a phase 1 of break out strategy. there is a high probability that at current structure, the price is forming the 2nd phase of break out strategy which is retesting the previous broken resistance as a support. After this break out, the price forms a descending type of triangle which I expect it to become a failure with a break out to the upside. The confirmation of buy is when it has broken out of the upper line of the triangle and simply targeting the interim swing high.
Education
by junosats
Bitcoin : Is it time for reversal?Bitcoin is now at a very crucial momentum with a lot of bearish pressure has occurred in the short term and lower degree of cycle. This is however still a normal behavior from the market and the choppiness that is still ideal when you see the price tries to break out of the psychological level like $10000 region. If you say that the price is going to reverse at current rate, I do believe it's totally invalid bias because there are still a lot of strong support below this level that you must respect them. Beside there are 2 signs that shows us the price is still in the stage of potential bullish structure. The first sign is the ascending triangle that is still in play. The price has been trending inside this triangle since the beginning of May 2020 and there is no doubt that the price is still maintaining the higher low structure. The 2nd sign of the continuation to the upside will be on the RSI. There is a higher low on the price action but the RSI has printed a lower low which indicates current condition as the hidden bullish divergence as well. My worse case scenario (for bullish bias) is that the price can touches the green region as the interim swing low of current structure. If the price breaks below this region, I will come again and review my bullish bias.
BITFINEX:BTCUSDEducation
by junosats
Psychology behind Ascending and Descending Triangles PatternJust as with ascending triangles, most of the times, the price will break the horizontal support line, and continue with the move lower. there is usually psychology behind every chart pattern ; and ascending and descending triangles are no exception. Follow me closely as we will now ‘investigate’ the PSYCHOLOGY behind ascending triangles : To make the analysis easier, let’s think of the ascending triangle pattern as a visualization of an ongoing battle between the bulls (#buyers) and the bears (#sellers). The bulls keep pushing the stock up in price until they get overpowered by the bears/sellers at the horizontal resistance level. It is at that resistance level that bears/sellers attempt to push the price down. Though sellers are somehow successful in pushing the price down, they are however unable to push the price to the previous low levels, as bulls/buyers are persistent, and the price sets a higher low (bottom trend line). This pattern continues until the price action becomes confined to the vertex of the triangle, representing a pivotal moment in this battle. At this point, either the bears will win, and the stock will break the bottom trend line, or the bulls will win and break the horizontal resistance line. If history is anything to go by, this pattern favors the bulls, and if the horizontal resistance line is broken, the bulls will be able to push the price up, triggering a breakout. This same psychology also applies to descending triangles, but in reverse . Now let’s looks at how we can to make money from this chart pattern: 1. Wait for the Breakout –we should wait price to break above the horizontal resistance line before placing a trade. 2. Lookout for Volume – High volume usually represents conviction behind a move, indicating that a large number of traders want a position in the stock. While above average volume is not necessary for an ascending triangle pattern breakout, it may increase the likelihood of a stronger move. 3. Look for Confirmation – If an ascending triangle breakout is genuine, the flat line resistance level should become a support level. If the stock starts to pullback after the breakout, you should look for the previous resistance level to hold as support. This will help confirm the legitimacy of the breakout. It also allows traders who missed the initial move to take a position 4. Have an Exit Plan – All trades require an exit plan for both favorable and unfavorable outcomes. For ascending triangles, Stop loss should typically be placed just below the previous horizontal resistance (which will now be acting as support). Thanks for Your Likes & Support & Subscribe....
BITSTAMP:BTCUSDEducation
by TaherJalili
THE ASCENDING AND DESCENDING TRIANGLE CHART PATTERN Ascending triangles are classified as continuation Patterns . Here are the key elements that make up an ascending triangle: 1. Bottom Trend Line(Support) – An ascending triangle is characterized by a bottom trend line that is formed as the price continues to set higher lows. The more touch points on the trend line, the more reliable it will be. 2. Horizontal Resistance Line – An ascending triangle also contains a flat horizontal resistance line that is formed as the stock continues to reject its previous highs (for a given period). Once again, the more touch points on the resistance line, the more reliable the pattern will be. You must be wondering how the chart pattern get to be formed? What happens during the formation of an ascending triangle is that there is a certain level that the buyers cannot seem to break ( red resistance line ). However, as evidenced by the higher lows ( green uptrend support line ), buyers will gradually push the price up, hence we end up with an uptrend of higher lows. As buyers and sellers keep putting pressure, a breakout will become inevitable. Though a price breakout is inevitable, the big question is, “ Who will break the price, buyers or sellers? Will the buyers be able to break that resistance level, or will the resistance be too strong?” Well, the answer is, most of the times the price will break the resistance area and go up. However, it is not always the case, sometimes, the resistance is too strong for buyers to break. Now let’s look at its inverse, the DESCENDING TRIANGLE CHAT PATTERN In a descending triangle chart pattern, as can be seen on the BTCUSD chart above, there is a string of lower highs which forms the upper line (red resistance line). The lower line is a support area (green horizontal line) in which the price seems to be failing to break. Just as with ascending triangles, most of the times, the price will break the horizontal support line, and continue with the move lower. Follow me closely as we will now ‘investigate’ the PSYCHOLOGY behind ascending triangles: To make the analysis easier, let’s think of the ascending triangle pattern as a visualization of an ongoing battle between the bulls (buyers) and the bears (sellers). The bulls keep pushing the stock up in price until they get overpowered by the bears/sellers at the horizontal resistance level. It is at that resistance level that bears/sellers attempt to push the price down. Though sellers are somehow successful in pushing the price down, they are however unable to push the price to the previous low levels, as bulls/buyers are persistent, and the price sets a higher low (bottom trend line). This pattern continues until the price action becomes confined to the vertex of the triangle, representing a pivotal moment in this battle. At this point, either the bears will win, and the BTC will break the bottom trend line, or the bulls will win and break the horizontal resistance line. If history is anything to go by, this pattern favors the bulls, and if the horizontal resistance line is broken, the bulls will be able to push the price up, triggering a breakout. Thanks for Your Likes & Support & Subscribe....
BITSTAMP:BTCUSDEducation
by TaherJalili
17
Bitcoin | Ascending Triangle & EMA50..!!BTCUSD (Update) In Daily Chart, Bitcoin forming Ascending Triangle Pattern. Daily EMA50 acting As Strong Support (Tested 3 Times in last 34 Days) In Bullish Case, If Resistance (10.4k) got Cleared, Next Stop Would be 11666. If Ascending Triangle & EMA50 (9.1K) Broken Down, then Bitcoin Might Test the Major Support (8.2k) By the Way, Volume has been Decreasing Since 10 May (Halving Hype), Big Move Ahead So Be Ready for Both Bullish & Bearish Scenarios. What We Do Now ?? If You're Holding Bitcoin, Set Stop Loss Below Daily EMA50 (9105) & Wait for Triangle Breakout..!! In Longterm, Bitcoin Might Retest the 6666 Area Before Triangle Breakout, Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
BITSTAMP:BTCUSDEducation
by Faibik
2