FIL/USDT pair is forming lower highs and higher lows following two sloping trend lines that eventually intersect. We expect that breakout can be in any direction.
To determine take profit(TP) zones we can apply the measurement rule for symmetrical triangles: compute the formation height from highest high to lowest low and add to or subtract the difference from...
Beauty is in the eye of the beholder they say... so it is with PXJ at the moment. I see an ascending wedge but also an ascending triangle. One is bearish while the other is bullish. Both are decently high-probability setups. Ok, so they're not drawn textbook style but there're reasons why I've ignored certain bars. So someone else could probably see...
ALGOUSDT could retest 0.75$ on weekly support after the price lost an important daily support and retested it as new resistance. According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
this alt has shown there are bulls in system trying to get control, in lower time frames you will observe a triangle formation which is going to be break from its resistance and goes for new record slowly after that step by step
👉this idea has the confirmation of advanced price action
👉for more information about our services contact me via trading view private...
Hello everyone!
After a few days of Bitcoin crazy bull rage, we can finally see the Bears turning the tables for a bearish pullback. Price just broke a strong intra-day trendline that supported the bulls... until today. Adding on to that, a bearish symmetric triangle that just pushed the price to the downside, suggesting an intraday downtrend is starting. Another...
There is not much to say, triangles are dangerous 🚨, this is a high-risk trade but AMZN is a great company that still has a lot to give.
I'm going bullish betting the symmetrical triangle will break to the upside in a continuation of the uptrend. I think it's time to START BUILDING my position.
My first take profit is at $ 3,760 (127% Fibonacci), relatively...
Crude has been making lower highs consistently since the 2008 crisis. Adding to that we have immediate demand collapse due to the virus but also long term move to renewables and greener sources of energy. The weekly chart has a long term bearish triangle pattern. Expect long term support sub 20 and price oscillations till 2021 within the wedge. Currently neutral...
The USDCAD have the extremist spikes among all pairs, as it wasn’t only affected by the Corona Virus fears but also the oil crises as well. The Canadian Dollar is highly affected by the price of oil when oil goes up the Canadian Dollar goes up and vice versa.
Moving to technical analysis, we have extreme spikes that obeys no rule of price action. We have nothing...
this EURUSD prices Zone is educational zone for Viewing some Classic Technical and Harmonic Patterns
head and shoulder pattern
symmetrical traiangule
Butterfly Harmonic Pattern
Wedge Pattern
and ....
SWKS shows an unusual Symmetrical Triangle formation ahead of Earnings Season. The triangle follows a failed attempt to break out above the previous all-time high.
INCY has been sideways for a year, but it is not showing a compression candlestick pattern to a potential Triangle Formation. Triangles tend to be continuation patterns much of the time.
