Silver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, its a very big triangle in progress, with final wave E in play, which can be in late stages now, so ideally prices will stabilize in weeks ahead. We can already see that the price on 4h time frame is turning up from projected...
Triangle forming since the year 2000. Good results today, but it's hitting overhead resistance at 470 established in 2002 and 2019. No clear breakout yet and needs to add another 100p before it can start to consider a breakout.
The market really wants this stock cheaper. Price is landing on a demand zone. If you like Tesla and think in long term you start accumulating from here. It needs more work to break out the triangle, maybe next year but when it does is going to be massive. Price can also be pushed down to lower vertex of the triangle. That would be ideal but I see a lot of buyers...
Hello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: After the massive triangle breakout in 2020 and a rally of +1.500%, Tesla has been moving sideways for over two years now. Tesla stock is currently creating a triangle formation as well as a flag pattern. I am personally waiting for a clearer setup on Tesla before...
feb 17/2/2024 swing trade perfect symmetrical triangle long term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
NASDAQ:EA The daily chart shows a pennant forming, which has been broken by closing above the top of the pennant @ $140. In the weekly view (shown here), there's a triangle pattern. Top of the triangle is ~$151 and was established in 2018 and tested in 2021. If the top of the triangle is tested and broken (closing above $151 for the week), then this has a...
The XAU/USD pair on the M30 timeframe displays a potential buying opportunity due to a recent a symmetrical triangle pattern. Key Points: The price has been trading within a symmetrical triangle formation characterized by converging support and resistance lines. This often indicates indecision before a decisive move. Buy Entry: Consider entering a long...
GTCUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle. Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target...
Looking at the daily chart EURUSD continues its correction of the Jan 2021 to October 2022 bear market, moving sideways in a triangle pattern. Mid July 2023 saw a test of resistance from the 61.8% Fibonacci retracement level on the bear market which held and we saw a strong move lower to the now confirmed trendline drawn from the September 2022 low. Current...
You may have learnt that a triangle pattern in an uptrend is bullish? Here's a good example of wait and see, where the price has broken to the downside. Looks bearish to me.
The GBP/AUD pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downward breakout from a triangular consolidation pattern could offer a shorting opportunity. Key Points: Triangle Breakout: The price has been confined within a triangle formation, characterized by converging support and resistance lines....
TRIANGLE CORRECTION : ELLIOTT WAVE ANALYSIS A triangle is a sideways movement that is associated with decreasing volume and volatility. Guidelines Triangles have 5 sides, Corrective structure labelled as ABCDE Location : a- Usually happens in wave B or wave 4 b- Wave D in triangle itself c- If in second then 2 will be zigzag and this will happen in B of...
TRIANGLE CORRECTION : ELLIOT WAVE ANALYSIS ( ELLIOTT BABA) A triangle is a sideways movement that is associated with decreasing volume and volatility. Guidelines Triangles have 5 sides, Corrective structure labelled as ABCDE Location : a- Usually happens in wave B or wave 4 b- Wave D in triangle itself c- If in second then 2 will be zigzag and this will...
AVAXUSDT is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle. Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If...
China economic data: China is due to release its Q4 GDP data on January 17, 2024. Strong data could boost risk appetite and support the NZD. However, weak data could lead to further risk aversion and put downward pressure on the NZD/JPY. Sell NZDJPY Triangle Breakout NZD/JPY - M30 Chart - Price Breaks the pattern now. its good chance to sell now. Thank you.
Factors Strengthening GBP: Hawkish BoE: Recent hawkish comments from Bank of England (BoE) officials regarding potential interest rate hikes to combat inflation have bolstered the Pound. This has increased its attractiveness compared to the Canadian Dollar. Optimism on UK economy: Despite ongoing Brexit negotiations, positive economic data releases like...
POWR seems to playing a triangle in weekly time frame and it can reach 0.22$ area in coming weeks. If you are willing to buy some I hope that zone is perfect. DYOR. Invest what you can afford
Economic Data: US Non-Farm Payrolls (NFP): Released on Friday, January 6th, the NFP report showed stronger-than-expected job growth, potentially raising concerns about inflation and future interest rate hikes. This could push investors towards the safe-haven gold, providing it with some support. US Consumer Price Index (CPI) (Jan 11, 2024): Inflation...