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Triangle

GbpAud- Long term outlookAfter a strong reversal from the 1.6 low, which gained 4,000 pips, GBP/AUD encountered significant resistance around the 2.0 zone. This resistance led to a prolonged consolidation phase lasting over a year. On the weekly chart, this consolidation appears to have formed an ascending triangle, a bullish continuation pattern. At this point, there is a high probability of a genuine breakout to the upside. If the breakout occurs and holds, we can anticipate a continuation of the uptrend, potentially adding another 2,000 pips to the pair's upward movement. Interim resistance lies near the 2.08 level, which could serve as a target for swing traders or a key area to monitor for price action.
Long
by Mihai_Iacob
USOIL BULL Triangle The oil chart is showcasing a large triangle pattern within a smaller triangle, and the breakout of the smaller triangle to the upside strongly suggests that the larger triangle will also be broken. This breakout signals the potential to target significantly higher levels. Additionally, the bottom has been tested approximately four times, with the last test clearing out all liquidity. Now, the chart appears to be gearing up for a major upward move after a prolonged accumulation phase. As for my perspective, I’m betting on oil’s rise rather than its decline, even though the current triangle formation is typically a bearish (descending) triangle. The second entry opportunity will present itself after the larger triangle is broken and confirmed through a retest. Note: I don't care about the count if it right or not don't comment on that please
BLACKBULL:WTILong
by hakimbo989
Gold Wave Analysis 10 December 2024 - Gold broke daily Triangle - Likely to rise to resistance level 2750.00 Gold recently broke the resistance trendline of the daily Triangle, inside which it has been moving from the middle of October, as can be seen from the daily Gold chart below. The breakout of this Triangle accelerated the active short-term impulse wave 3 – which belongs to the intermediate impulse wave (3) of the primary impulse wave 3 from last month. Given the strong multi-month uptrend, Gold can be expected to rise to the next resistance level 2750.00, top of the previous impulse wave (1) from November and the forecast price for the completion of the active impulse wave 3.
FX_IDC:XAUUSDLong
by FxProGlobal
EURGBP Wave Analysis 10 December 2024 - EURGBP under bearish pressure - Likely to fall to support level 0.8200 EURGBP currency pair under bearish pressure after breaking the support zone between the key support level 0.8265 (which stopped previous waves iii, (i) and i) and the support trendline of the Descending Triangle from November. The breakout of this support zone accelerated the active impulse waves 3 and v – which belong to the impulse wave (3) from January. Given the clear daily downtrend, EURGBP currency pair can be expected to fall toward the next support level 0.8200, the target for the completion of the active impulse wave 3.
Short
by FxProGlobal
GOLD - Price can bounce from resistance level and start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price made a strong upward impulse to $2720 points, thereby breaking $2665 level. But then, price turned around and started to decline inside triangle, breaking $2665 level one more time. Next, Gold fell to support area, after which started to grow and soon reached $2665 level, after which made a correction. Later price rose to resistance line of triangle, after which corrected to $2620 support level and then started to grow. Recently, Gold reached resistance line of the triangle, exited from this pattern, and even made retest. Now price trades below the resistance level and I think Gold can bounce down from this level to $2630 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
8
Bitcoin can rebound down from seller zone to $94K pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price a few moments ago started to grow inside the upward channel, where it soon reached the 91500 support level, which coincided with the buyer zone. After this, BTc even rose a little higher than the 91500 level, but soon backed up and some time traded near the buyer zone. Later BTC finally broke the 91500 level and rose to the resistance line of the upward channel, which coincided with the current support level. Price at once turned around and made a correction to support level, after which it turned around and rebounded up. BTC tried to reach the current support level but failed and dropped to the support line of the upward channel, after which it made an upward impulse. After this, the price finally broke the 99500 level and rose to the channel's resistance line. Then the price turned around and dropped to the buyer zone inside the triangle, thereby exiting from the upward channel. But a not long time ago it turned around and made impulse up to seller zone, where it continues to trades to this day. So, I think that Bitcoin can leave the triangle and then rebound down from the seller zone, breaking the support level. For this case, I set my TP at 94000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
Give me some energy !!!After this heavy drop, MYRO has now formed an ascending triangle in the 15-minute time frame, which could be a sign of a bullish trend. Please note that this analysis is in the 15-minute time frame. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
TESLA $TSLA | TESLA RALLY TO 400?! (ASCENDING TRIANGLE) Dec05'24TESLA NASDAQ:TSLA | TESLA RALLY TO 400?! (ASCENDING TRIANGLE) Dec05'24 NASDAQ:TSLA BUY/LONG ZONE (GREEN): $357.50 - $400.00 NASDAQ:TSLA DO NOT TRADE/DNT ZONE (WHITE): $331.00 - $357.50 NASDAQ:TSLA SELL/SHORT ZONE (RED): $270.00 - $331.00 NASDAQ:TSLA Trends: NASDAQ:TSLA Weekly Trend: Bullish NASDAQ:TSLA Daily Trend: Bullish NASDAQ:TSLA 4H Trend: Bullish NASDAQ:TSLA 1H Trend: Bullish NASDAQ:TSLA is hanging on to the strong bullish rally that first began after the most recent earnings report (Oct23), followed by the Trump rally after the presidential election. NASDAQ:TSLA has been building an ascending triangle at the 360 price level, and a popular belief is that a break above this level will be the start of the push to the 400 price level. Here is what I'm personally looking at for possible NASDAQ:TSLA trade opportunities, potential for upside and downside, and how I'm viewing price structure and technicals with the help of some of my personal indicators! This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, tesla, NASDAQ:TSLA , tsla, teslaearnings, teslatrend, teslamomentum, teslalong, teslashort, teslatrade, teslaidea, tesladirection, teslaearningsreport, teslareport, teslarelease, teslamodel2, teslamodel3, teslamodel3performance, teslaconference, teslanews, teslacall, teslaput, teslaoptions, teslapatterns, teslachartpatterns, teslasupport, tslatrend, tslamomentum, tslatrade, tslalong, tslashort, teslabuy, teslasell, elonmusk, elon, nasdaq, ndx, ndq, qqq, us100, nas, tech, techstocks, ev, evstocks, teslaearnings, robotaxi, robotaxi event, tesla1010event, 10/10event, teslarobotaxi, teslarobocap, teslarobovan, teslaearningsreport, teslarallyto400, teslapricetarget, teslaascendingtrianglepattern, patterntrading, ascendingtriangle,
NASDAQ:TSLA
by TonyAiello
Health Care Select Sector | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Health Care Select Sector - Double Formation * Neckline At 148.40 * 136.50 | Ascending Triangle | Triple Bottom | Subdivision 1 - Triple Formation * Retracement (1) | No Trade Area | Subdivision 2 * Pennant Structure | Downtrend Area * 345 Template At 134.00 | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:XLVShort
by TradePolitics
DOGE - E subwave in actionIn a barrier triangles waves B & D end at essentially the same level. There is probability E wave will exit. Exiting beyond trend boundaries is possible, but is not a strict rule. As you see on the chart the limit for the triangle correction is 0.305, if it exits, it may reverse at 0.36. When wave 5 follows a triangle, it is typically either a brief, rapid movements or an exceptionally long extension. According to projection by 1-subwave of the rally, the final actionary wave may reach 0,77 USD. Most likely, the 5th wave will cover at least the longest part of the triangle, which is the area of 0.53 #DOGECOIN
CRYPTO:DOGEUSD
by dogecoin_chain
SAZEW is poised to make 75% gain on Weekly ChartThe stock was consolidating in the weekly Bullish Flag Pattern since July 2024. Closing above 1203 on weekly basis will trigger the chances to hit the historic high level for the stock to be over Rs. 2050. On the daily timeframe the stock has broke out the symmetrical triangle pattern, Closing above 1136 will trigger the target of Rs. 1277, an astonishing gain of 24% from these levels. One can enter the trade instantly with SL 965
PSX:SAZEWLong
by Trader-Roze
Analyzing XRP: Will Technical Analysis and Whale Activity Lead tThis article analyzes the current state of the Ethereum market, focusing on its technical indicators and recent market trends. It discusses the potential for further price increases, highlighting the role of institutional investors and the overall market sentiment. Key Points: • Technical Analysis: o Ethereum's price has formed a triple-top pattern, historically associated with potential downside. o However, it has also broken above key moving averages and a rising trendline, signaling bullish momentum. o The MACD indicator suggests a potential upward trend continuation. • Institutional Demand: o Increased institutional investment in Ethereum, particularly through ETFs, has contributed to its price rise. o Grayscale Ethereum Trust (ETHE) has seen significant inflows, indicating growing institutional interest. • Altcoin Season and Market Sentiment: o The current altcoin season, characterized by strong performance of altcoins relative to Bitcoin, is favorable for Ethereum. o The "extreme greed" level on the crypto fear and greed index suggests a risk-on sentiment, which often benefits Ethereum. • Strong Fundamentals: o Ethereum's leading position in DeFi, with a large total value locked and active DEX network, provides a solid foundation for its price. o The dominance of stablecoins on the Ethereum network further strengthens its position. o Conclusion: While the triple-top pattern raises some concerns, the bullish technical indicators, strong institutional demand, and positive market sentiment suggest that Ethereum has the potential for further price increases. However, investors should remain cautious and monitor the market closely for any signs of reversal. A drop below the $3,700 support level could invalidate the bullish outlook.
COINBASE:ETHUSDLong
by bryandowningqln
The last bullish chance of XRP in Mid term!XRP is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) . Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
by CobraVanguard
4