ASCENDING TRIANGLE:
Identify the levels where the price has often closed and opened (black line).
The price is making higher and higher lows.
Draw a bullish diagonal.
Take Profit is calculated by plotting the lowest increase on the black line (see graph).
Report this segment to the BREAK of the black line, but ESPECIALLY to the CLOSING of the candle in its time...
Triangle chart patterns offer valuable insights into market dynamics, symbolizing a clash between buyers and sellers within a contracting price range. These patterns are often classified as continuation or neutral patterns, suggesting that the price is likely to persist in its existing trend after the pattern concludes.
1. Symmetrical Triangle:
A ...
Hello traders, today we will delve into three types of triangles, which are significant chart patterns providing valuable insights into potential market movements. Understanding these patterns can play a pivotal role in making well-informed trading decisions. Let's explore each type and learn how to identify and interpret them effectively.
**1. Symmetrical...
📍 What Is an Ascending Triangle?
This pattern emerges when the price movement allows for a horizontal line to be drawn across the swing highs, while a rising trendline is drawn along the swing lows. These two lines together form a triangle shape. Traders actively monitor triangle patterns for potential breakouts, which can occur either upward or...
🟢 RISING THREE
"Rising three methods" is a bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend.
This can be contrasted with a falling three method. The first bar of the pattern is a bullish candlestick with a large real body within a well-defined uptrend.
🟢 FALLING WEDGE
The falling wedge...
Hello, my dear friends and happy New Year!
I wish you to be healthy and reach all your goals in trading and not only! Never give up on this difficult way which we are going to overcome together!
Today we have a very important topic. How to use Elliott waves instead of classical chart patterns. This is the natural exposure why the chart patterns are garbage. I...
Price closed above horizontal support resistance level. Set Buy Limit Order. Set entry at horizontal level.
Note: Trend is up; Horizontal Level has 4 touches. EMA 10 EMA 20 has a positive slope.
Price closed above 90.334. Now, wait for a price action signal at 90.334.
First price action signal is engulfing candlestick. Enter at 90.505.
Second price action signal is engulfing candlestick. Enter at 90.538. Set Take Profit at 91.185. Set Stop Loss at 90.312. The Reward:Risk Ratio is 2.86.
Note: The EMA 10, EMA 20, and Trend Line have a...
Trade The Ascending Triangle
Engulfing Candle at Diagonal Trend Line Support, EMA 10 Support, and EMA 20 Support. Price Action Signal is Engulfing Candlestick. (First Entry At 128.231)
Pin Bar at Diagonal Trend Line Support, EMA 10 Support, EMA 20 Support and Horizontal Line Support. Price Action Signal is Pin Bar. (Second Entry At 128.310)
The Breakout (note: the emas are too far away from current price for an entry; watch for a price action signal at the emas; watch for a pull back to the emas)
First Entry At 0.67540
Second Entry At 0.67568
How I Trade The Ascending Triangle
Engulfing Candle (Price Action Signal)
First Entry at 0.71194
Candlestick Closed Above Level
Second Entry at 0.71273
Retest Candlestick and Rejection Candlestick at 0.71295
Third Entry
Chart Patterns | Triangles & Channels
1- Ascending Triangle :-
An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.
2- Descending Triangle :-
In descending triangle chart pattern, there is a string of lower highs that forms the upper line. The lower line is a support level in...
Hi friends
i'll share with you some price action
patterns you should know .
I don't like posting a picture with 100 patterns .
I would like to post this in steps so that you can understand more and make things clear .
1- ascending triangle generally happens in an uptrend and is a bullish pattern , you can set your order after the breakout of the horizontal...
What is an Ascending Triangle Pattern?
Ascending Triangle Pattern is a continuation pattern that means when it plays out it will continue the preceding trend. It is created by price moves that allow for an upper horizontal line to be drawn along the swing highs, and a lower rising trendline to be drawn along the swing lows. These two lines form an ascending...
Wait For The Close Above the Neckline at Horizontal Level 24.07952. After the close above level; resistance level turned support.
Wait For The Retest Of The Neckline At 24.07952. Watch For A Pin Bar or Rejection Candlestick to form at the horizontal neckline.
Enter Trade At The Closing Price Of Pin Bar or Rejection Candlestick.
Set Target Price Using...
Trading The Ascending Triangle
Wait For The Close Above The Horizontal Level
Wait For The Retest in the form of a pin bar or rejection candlestick.
Enter At The Close Price of Pin Bar or Rejection Candlestick
Exit At The Measured Objective of Pattern. The Height of Pattern is 592.
Triangle is a classic price action pattern that is applied by technical analysts to make predictions trading different financial markets.
Depending on the shape of the triangle, there are three main variations of this pattern.
Its meaning changes dramatically from one to another so it is crucially important for you to know the difference.
👉 The symmetrical...
Triangle is a classic price action pattern that is applied by technical analysts to make predictions trading different financial markets.
Depending on the shape of the triangle, there are three main variations of this pattern.
Its meaning changes dramatically from one to another so it is crucially important for you to know the difference.
👉 The symmetrical...
