How do you Trade it? What is a triangle pattern in technical analysis How is the pattern constructed How and at what points in the pattern do you trade a triangle Elliott Wave triangles are corrective patterns that consolidate the previous trend. Elliott Wave triangles consist of five waves labeled A-B-C-D-E . There are rules and three guidelines in...
I decided to bring volume up in the analysis, combined with a triangle, ascending channel and an Elliot Wave I think we can confirm the next average is going to be a strong Bull. I'm not guessing which price mark we'll hit next, because there's always a chance of reversal. Here's what I've found on reading volume according to investopedia.com: A rising market...
First, congrats for your both targets on GOLD !!! GOLD: Eliot wave analysis on triangle pattern & retest strategy: Here is another strong and clear confirmation for GOLD Long. Technical indicators and technical analysis are more in the upward side after the rejection of the retest on the 3rd local triangle (RED triangle), after retesting the uptrend of the local...
GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99% Long) As we can realize that GOLD had succeded to breakout the globale triangle pattern, after many rejections by the weekly trend of the globale triangle. This retest scenario was expected, and that trend contains now (and before) many pending orders ... It will surely...
GOLD /USD Long position after confluence, Triangle breakoutPullback: retesting the local triangle upside: Short-term analysis - GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%) As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it...
GOLD/USD Long position after confluence, Triangle breakoutPullback: retesting the local triangle upside: Short-term analysis - GOLD Long position: Confluence rejection: Breakout & Retesting the global Trend-line (99%) As we can realize that GOLD had succeded to breakout the globale triangle pattern after many rejections at the weekly upside of the triangle, it...
GOLD globale analysis for long and short term
Macro horizontal triangle correction. Long term position: short to Support @ 5800. Targeting June 2020 Then... well we all know the answer to this one. To the Moon!
XAUUSD long to 5 waves, because waves 3 to 4 have simetricaltriangle pattern, then up to 5 wave (1.272 Ext). i use fibonacci relationship for calculate Targets. you can buy in 1680 or 1687, then TP 1. 1720 and TP 2. 1751, SL 1670. *NOT 100 %, but you can use this for learning.
Triangle: wave c was .786 of wave a and wave d at 1720 is = .618 of wave b. Very text book triangle relationships. At origin of wave 1, triangle measures approx 100
EUR/USD Long position: after rebounding on the weekly gravitational-trend and a very strong support. It is clear that EUR/USD will start bouncing again at the top highs after a big accumulation that comes across a very sensitive strong support and a confluence rejection after retesting the gravity-trend of the triangle patterns.
GOLD perfect short entry and weekly expectation --> Open position at 1702 support/resistance level what correspondate to the trend break-out (100% Fibo extension) and intersection of the globale weekly triangle pattern upside and gravity trend. - First target 1681 - Second target 1671 (After Triangle break out with 2 candles in 15M timeframe!) - Third target 1651...
Scenario #2 Possible a contracting triangle with lower line rising Trade: Short at break out of lower line