Get started

Symmetrical Triangle

FIL/USDT symmetrical triangleFIL/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 breakout price depending on the breakout direction. This time we have support zones near expected price goals (in an upward direction 21,7/23,5 and in a downward direction - 16.8/18,45) so we can set up our TP zones in that support/resistance zones.
COINBASE:FILUSD
by Deviantor_Wayne
Is NIFTY in bulish zone ? Nifty have a very good systematic triangle pattern in top of 1d timeframe if you ignore the fake brakeout because that is a V shape recovery after go downside so its a fake brakeout . I hope it will break after weakly expire . If nifty break the upper level which is 17940 then we may see a bulish candle in nifty but to enter we need a re-test in nifty because we are in the top . so re-test is important as per my analysis . Still if anyone want to every in first brakeout then you need to must set 1:2 target Stop loss after that you can trail . But if that's break downside then you can go with first breakout . *Do your own analysis before entering the trade this analysis is my point of view so do your own research before enter the trade .
NSE:NIFTY
by THE_PSYCHO_TRADER
Tk - Principle of PolarityNYSE:TK Please correct me if I am wrong. I am just a beginner What I see: - 8-4-22 We broke out of a symmetrical triangle. - The breakout occurred on above average volume. - The breakout was followed by a small rally, up to the high of 19-1-22, TK then pulled back to a former resistance level near the breakout point, hopefully this former level will become support. Today (21-4-22) and the following days will tell us if the Principle of Polarity is valid on this chart. What are your expectations for Teekay Corporation? This is no financial advice.
NYSE:TKLong
by StijndeVries
NFTUSDT Possible symmetrical triangleWhat we have here is a symmetrical triangle. we maybe super lucky and have 2 long opportunities. The first long would be when price drops to the lower trendline of the pattern. long there if price makes it with minimum risk. ALWAYS USE STOP LOSS. the second entry would be the breakout of the pattern. but we buy (BCR) BREAKOUT,CLOSE,RE TEST. WE BUY THE RETEST OF THE BREAKOUT, in case its a fake out we take on minimum risk. so there's the strategy. trade safe.
Long
by SCI_Group
Glmr/usdt symmetrical triangle H/S ideawhat we have here is a winning trade. i planned on buying at the lower trendline. I did not open the trade based on what bitcoin. we all know btc is the driver of the show. when btc dips 3% altcoins dip15%. so yes i had fear of losing money, a trait that needs to be eradicated when putting on a trade. kill all fear doubt and uncertainty. Moving along... now we have a new idea in motion. with the breakout of the symmetrical triangle. The strategy here is buy the BCR (BREAKOUT,CLOSE,RETEST). WE Buy the re test of the breakout of the symm triangle. good luck and i plan on posting more set ups...
Long
by SCI_Group
Awaiting Symmetrical Triangle BreakoutAs you can see, the price action has formed lower highs and higher lows in NSE:MOTILALOFS . The volatility has also dropped massively. The RSI (9) in Hilega_Milega is having higher lows and equal highs, showing the strength is ramping up. The target out of this breakout is 1075, however, it may break down. ENTRY position @ Breakout with strong momentum crossing up above VOLUME PROFILE POINT OF CONTROL Hello Trader. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing . If you like the idea, do not forget to support with a like and follow.
NSE:MOTILALOFSLong
by Ami8singh
THE MOST IMPORTANT 5 HOURS FOR BTCHello Everyone!!! BTC has been sideways for almost 3 days now, the range is between $40.700 - $40.000, and right now we are on the APEX, we will have a blast off soon. **BTC Idea** Please check my recent post on BTC, especially the one on Daily TimeFrame. Before we talk about BTC back to Bullish again, we really need to pay attention on the potential for Dead Cat Bounce Pattern. BTC got rejected so many times around the Fibo 0,618 Retracement. This is actually not a very good sign, based on so many data that I found, BTC is being accumulated by the whales since Friday, but we're not seeing the price rebound, also I got an article that showing BTC got a very huge outflow from Coinbase in Friday. Maybe because some of them expecting a cheaper price around $37K ( Fib Retracement 0,786 on Daily Time Frame ). Like Do Kwon perhaps, through LUNA Foundation's Guard, they did accumulating BTC, but for them to Buy more, they need Sellers and they need cheaper price. I personally not expecting BTC to drop even lower from the Major Trendline in the Daily Time Frame, but if it needs to go down, then it will go down first. There's no demand on this area, and perhaps a cheaper price will make the whales more interested to buy more. For now, I'm paying attention on Symmetrical Triangle Pattern, especially on the Hourly Time Frame. Break from this pattern will give us a clear path to the chosen direction by BTC, and this also give us a clue on how to react in BTC price right now. I'm a trader, so I need the price to show me first before I react and making decision. This is not a financial advice, it's just my humble opinion and I could be wrong somehow. Good luck for you guys!! And if you guys interested on my Analysis, I would be very happy to make a YouTube videos with English language, I'll be waiting for your thoughts and please leave it on comment below. God Bless and Cheers!!!
COINBASE:BTCUSD
by Kevin_Sailly
2
BTC Symmetrical triangle/PennantBitcoin is trading sideways last 5 days forming a symmetrical triangle and a pennant at the same time. In modern markets there are not bullish and bearish patterns on its own. To be profitable, you need to use them in conjunction with other indicators, news etc. Volume is declining, it's normal during the consolidation phase. In the long run BTC is still in a bull trend, so if you intend to treat these patterns as bearish signals, that's not a good idea. Every day, whales, like Luna Foundation Guard accumulate millions USD in Bitcoins. So, the price target for symmetrical triangle is around $42.7k The price target for pennant is around is around $44.6k As for the stop loss, the "rule" says, slightly below the low of the pattern, or below the down trendline. Investing is a probability game. Try for consistency, there is no perfection in this. Not financial advice. Always do your own research.
KRAKEN:BTCUSDLong
by Rhaonnor
1
DOT: BUYING HERE IS A VERY LOW RISK AND HIGH REWARD!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this DOT/USDT update. DOT looks very promising here and looks like hovering near the bottom. DOT is trading inside a symmetrical triangle in the 2-day time frame. Currently, it is moving near the lower trendline of the triangle. So buying here will be very low risk. Buy some now and add more in the dip. Entry range:- $17.5-$18.5 Target1:- $22 Target2:- $26 Target3:- $32 Target4:- $38 SL:- If any 2-day candle closes below the triangle or closes below $17 then I'll exit. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
2