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Wpattern

EURSGD - W patternHello traders! We can spot a similar formation on EURSGD as on EURJPY, about which I discussed in my previous post, and which has already reached the take profit. EURSGD also seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe . We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 1.425 OANDA:EURSGD FOREXCOM:EURSGD
Short
by m_maia14
1
Triveni Engineering & Industries LTD - Multiple Indicators📊 Script: TRIVENI (TRIVENI ENGINEERING & INDUSTRIES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY500nif 📊 Sector: Fast Moving Consumer Goods 📊 Industry: Sugar / Agricultural Food & other Products DAILY TIMEFRAME W PATTERN BREAKOUT WEEKLY TIMEFRAME MACD CROSSOVER AND DOUBLE MOVING AVERAGE CROSSOVER SOON Key highlights: 💡⚡ This stock pick is according to my study. I have use few indicator that is BOLLINGER BAND MACD RSI DOUBLE MOVING AVERAGE VOLUME 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 Crossover in MACD . 📈 Already Crossover in Double Moving Averages. 📈 Volume is increasing along with price which is volume breakout. 📈 Current RSI is around 76. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 291 🟢 Target 🎯🏆 - 339 ⚠️ Stoploss ☠️🚫 - 267/260 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:TRIVENILong
by radha_23
2
Tilray: Extended W or Head&ShouldersIt's not certain yet but I see high probability for an Extended W pattern (double bottom) or a Head&Shoulders pattern (triple bottom). First target=4.50 After the first target, there are two probabilities: A) It may break the resistance and keep on rising. B) Or, it may turn back from 4.50, form a "head and shoulders/triple bottom pattern" and then rocket! Mid & long term targets might be very high, since the share is too far away from its ATH.
NASDAQ:TLRYLong
by skykhan
1
Quickpost: Massive gain potential on DAOUSDT W patternI am looking to find a entry on DAOUSDT to put on a fair amount of margin for this potential W pattern. Targeting is a simple fib draw from the swing high to the swing low price is currently putting in. The chart below shows the bullish divergence on the MACD histogram, and the RSI is tightening in a falling wedge with lots of potential for an upside move. A lot of this is predicated on my overall operation assumption that BTC has gone into accumulation. Please see the linked ideas below for more details. There are a lot of bullish formations forming on a lot of trading pairs so it makes the decision to be bullish based on all of the background information. I still need basic trade management but way less searching for indicators and divergences and the like.
Long
by This_Guhy
Thoughts on EURCHF (Neutral at the moment)This chart is harder to know what the market will do as it is in a consolidation. But, I'll give my point of view of what will I trade in case it gives me any opportunity. There's a flag pattern that inside the consolidation, which is usual and it could be a bearish possibility that is in theory happening at this moment. But the thing is, the market is also near to the break in case this is a double bottom pattern (W pattern) and it will look to go bullish. So I think it is key to see there the market does the retest first. If it goes up and retest 1.0335, I would most likely go bullish. If it goes down and retest at 1.0305, I would most likely go bearish. But it depends on how the market reacts. If you ask me where I'm inclining to believe that the market would go I'd say bearish because it hit first the flag pattern. That's why I recommend to wait for any retest. If not retested, then discard and wait for the consolidation to end.
by pinoso
Thoughts on EURCHF (Bullish possibility on short periods)After the big bearish move, the market seems to make a pullback. The market has made a W pattern and it has already retested it so it seems the market will look go up a bit. As the W pattern is not perfect, there's 2 targets: first green line and second green line above the first one which are the price range movements of the patterns. This is on 15 minutes, so we're looking for long positions on lower time periods. If this happens, our targets could be pottential entries for a short position. I'm inclining to believe that the market would look for the second target. I recommend to wait for candlestick patterns. Remember that this is a lower time frame, it seems the market in a higher frame is in a bearish move. Do you have any other ideas? Let me know on the comments.
Long
by pinoso
Bullish Flag for TNY?Or, will we see a sharp decline due to a hole in the wall front running leaked financials that are dismaying? And maybe even a good ol Tinley fashioned PP below the trading price to compliment the short-selling pressure of TNYBF and bearish sentiment. I have placed green arrows on the chart to signify fake-outs of the Macro Descending channel and Micro Bull flag or Descending triangle, to be determined in due time. It's possible Tinley is currently in the process of another fake-out in real-time, the CM_ Williams Vix is flashing green, this normally happens before bullish price action. But the sp is currently declining. If Tinley breaks above the 200 DMA and consolidates above the micro-pattern it's a very bullish signal, trade accordingly. Possibly a W Double bottom has occurred, only time will tell if TNY creates another higher low. glta
TLong
by ScotianBot