Triangle has broken multiple bars in the 1H and 2H time-frame in to Bearish signals. RSI @ 3H has turned Bearish as well. Willy @ 6H is indicating a dump in near future. I have labeled zones of varying degree of support/resistance (Green, Red, Yellow Lines) These lines were drawn with 2H, 4H, 6H, 12H time-frame modified Ichimoku Kumo Clouds (hidden). The...
Hi guys, today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double...
Hi guys, today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double...
Long the breakout continuation - A very nice pennant looks to have formed long the breakout target 900+
So i have had my eye on amazon which has been consolidating very nicely creating an almost perfect elliot wave triangle with 33333 formation we are now in the last 3 formation move d-e and could be ready to break i have took a long position here as these triangles can gap up also secured myself by edging in a short position below A in case happens to break lower. good luck
Can wait for retest of key level or triangle before going short.
Silver started this week with a small gap up favoured by the decline at stock market and the decreased value of USD. Both these facts triggered by the incapability of president Trump to pass the new healthcare system. Dollar slipped and broke the neck line of the head and shoulder formation that occured. Uncertainty started rising about the power that president...
The triangle is a trend continuation pattern. If it breaks to the upside we have a strong indication that the price will test the next PRZ (blue area.)
It's no secret that I really like watching out for triangle formations. I've also learnt not to trust them until the break has been confirmed, and based on the trend and SR lines I've added here I'm putting my money on a break around the 17th of March. Long or short, who knows, but either way it would be a good idea to grab a position earlier rather than later!
With the recent important news of Bitcoin touching gold, that might quite be a relevant long scenario at term. Watching for upward breakout.
GBPCAD Shows bullish MACD Divergence on the daily, based on three points, so we could expect an upmove. I'll post the daily chart in the comments. On the 4 hour (this chart), we can see a structure that would end up in a breakout. I'd say that the small flag (blue lines) would go down to retest the bottom blue line, and then it could break out to the upside. If...
The restriction of price movement is a strong indication of possible price breakout. Looking for possible short setup as indicated using the arrows on the chart. Definitely looking for price to break below 1.33679 level at which would indicate lower possible movements.
sorry for being late guys good divergence triangle break pattern with supply zone confluences with Fibonacci levels.,,,,
Hello Traders, I have observed Symmetrical Triangle pattern on GBPJPY daily chart. Price may break on either side. Please wait for price to break and close above/below triangle to enter into the trade. Happy Trading!!!
For the past few months price has consolidated in a symmetrical triangle pattern. After Friday's breakout, I will be looking for a retest and rejection to get in short on this pair. If these parameters are met, we could expect to see a big bearish run resume on GBPJPY
Short term consolidation Downtrend breakout Possible breakout triangle This is my general outlook on the pair. Will be looking for a nice reward risk setup during the upcoming week.