The US dollar index is at a turning point. For close to 6 months, this index has been in a converging symmetrical triangle that was playing out on the daily chart. During that time, many tests of both the upper and the lower bounds of the triangle have happened, but there was never an actual breakout. This has now changed.
On Friday, the DXY broke and closed...
AUDUSD broke descending triangle on daily time frame, in H1 it is forming a wedge break below will confirm the leg down towards .73000 area which in confluence with 78% fib and daily triangle's target. It may retest the H1 wedge's resistance before moving lower or break it and fall. Non pay farm payroll ahead......HEDGE YOUR RISK PROPERLY..
Hi All,
I'm working through all the USD pairs and I have also spotted yet another fall from USD similar to a post I shared with DXY and EUR/USD.
I have 2 counts in my head with this being my primary:
1. 5 wave Impulse down from the top for a wave 1 or A
2. Corrective wave 2 or B which has a ZZ shape but with an ending diagonal wave C
3. Of the C wave, wave 4...
Hi All,
This update is going to be short and sweet.
I've tracked 2 X triangles with this pair and now trying to find an entries.
1) On a larger timeframe, a triangle in wave 4 if a bigger impulse with wave E of the triangle complete - please see below
2) Of the wave E of the bigger triangle, I have also seen yet another triangle in wave 4 of C of the bigger...
this idea wants just to represent what we could observe from the market
i'll keep updated this post in the future
let me know what you think :) Happy Easter to everyone
After languishing for years, the price of a single litecoin has shot higher in recent weeks as its users have thrown their support behind a software update that would improve the network’s ability to quickly and efficiently process transactions.
On Wednesday, support for a software upgrade called segregated witness—or segwit, for short—was quickly approaching the...
Triangle has broken multiple bars in the 1H and 2H time-frame in to Bearish signals.
RSI @ 3H has turned Bearish as well.
Willy @ 6H is indicating a dump in near future.
I have labeled zones of varying degree of support/resistance (Green, Red, Yellow Lines)
These lines were drawn with 2H, 4H, 6H, 12H time-frame modified Ichimoku Kumo Clouds (hidden).
The...
Hi guys,
today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double...
Hi guys,
today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double...
So i have had my eye on amazon which has been consolidating very nicely creating an almost perfect elliot wave triangle with 33333 formation we are now in the last 3 formation move d-e and could be ready to break i have took a long position here as these triangles can gap up also secured myself by edging in a short position below A in case happens to break lower. good luck
Silver started this week with a small gap up favoured by the decline at stock market and the decreased value of USD.
Both these facts triggered by the incapability of president Trump to pass the new healthcare system.
Dollar slipped and broke the neck line of the head and shoulder formation that occured.
Uncertainty started rising about the power that president...
The triangle is a trend continuation pattern.
If it breaks to the upside we have a strong indication that the price will test the next PRZ (blue area.)
It's no secret that I really like watching out for triangle formations. I've also learnt not to trust them until the break has been confirmed, and based on the trend and SR lines I've added here I'm putting my money on a break around the 17th of March. Long or short, who knows, but either way it would be a good idea to grab a position earlier rather than later!
![GBPUSD: GBP/USD [D] : Long](https://s3.tradingview.com/0/0GyR8sZo_mid.png "GBP/USD [D] : Long")
