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Trianglepattren

TWT Multi-Year Triangle Pattern Calls for $1.4 TargetSince its inception, Trust Wallet Token (TWT) entered into a long period of consolidation, developing a symmetrical triangle formation. The multi-year symmetrical triangle pattern now calls for a retest of the upper resistance level around the $1.4 level. Symmetrical Triangle Pattern This multi-year pattern has the potential to continue driving the price action in the coming months unless we get a clear breakout on either side of the symmetrical triangle. First, TWT's price made a base near the $0.30 level, which was followed by a powerful uptrend topping out at $1.65. A subsequent sell-off pushed TWT's price down to around the $0.45 level, generating another base from where we rallied again, but failed to reach the previous high. TWT topped again at $1.40 and sold off to $0.55 to form another base. In the short-term, we have left the base, and if the same pattern repeats again then the current rally could fall below the March 2022 high of $1.40. A weekly break and close above the $1.00 psychological level has the potential to cement the bullish case scenario. RSI Oscillator The weekly RSI has also broken above the 50 mid-level; the last two times this signal occurred, we had two powerful rallies. The bulls have the upper hand as long as the weekly RSI continues to print positive momentum readings.
Long
by cryptohopper
two triangle Set Up.When Price reaches an extreme it will turn back 80% of the time. Therefore we leverage this wisdom and apply a simple Two triangle Pattern Set up. The first triangle creates the high. The second triangle peak will create second High but lower : this is your entry. 10:30am we are in a FREE FALL. Pick your entry. Cause she's dropping it like its HOTTT!!!! Never over Leverage. trust your trade set up. Have Fun! And have a GREAT Weekend. I Am Pro Trading Made SIMPLE
Short
by Master-Jedi-Trader
Nikkei - 4 Hour - Triangle Breakout We're seeing this setup across a few indices but here on the Nikkei we've recently had a completed ascending triangle pattern which has broken to the upside & is now starting to consolidate. My initial prediction was that IF we break to the upside from this ascending triangle THEN we're likely to continue higher. Now the question is IF we're likely to continue higher THEN where are we likely to go & how are we likely to get there. The answer to the first question is our most recent major level of structure resistance & the answer to the second question is either by a pullback to previous structure resistance (now turned potential support) or by the formation of a high & tight flag pattern followed by another breakout. Hope this idea was helpful. if you have any questions, comments or want to share your opinion fee free to leave them in the comment section below. Also, if you're around I host a TRADE OF THE DAY Live Stream here on Tradingview each Tues, Wed & Thurs at 7:30 am NY, 12:30pm UK time. Feel free to join the discussion. Akil
FX:JPN225Long
by Akil_Stokes
USD/CAD -15/07/2022-• Falling oil prices, massive USD strength underpins the pair's bullish move • Following recession fears, oil prices are trading sharply lower in the recent days and are now back to pre Russia-Ukraine war • Higher demand for safe haven USD, is putting pressure on all the pairs across the board • As a result, Loonie is losing strength against the Greenback, trading back above 1.30 • Hawkish BOC rate hike failed to convince bears, which surrendered shortly after reaching levels near mid 1.29s • In my recent posts, I highlighted a bullish ascending triangle pattern and stated that a successful, clear break above it would trigger a massive rally of the pair • So far, the breakout is successful thus I am expecting further rally towards 1.3630 level, a previous resistance that held prices twice in 2018, which also coincides with the 61.8% retracement level of the 2020-2021 major decline • Bullish trend remains intact as long as above 1.2950
Long
by RamziAbouAbdallah-CMT
Triangular Apex TheorySo, some boredom just watching the market develop any short-term direction, and was messaging with a few other traders. Had a few people ask me for a more in-depth explanation on the whole triangle apex theory thing. I run through the last triangle we were in, and this current one, and break down the math involved in using them. I'd say they tend to be over 80% correct, and usually when they don't work out, I find that it was my own error. I again, don't trade off of these. I trade off of trends, but like any indicator, I use them to assist in my trading. So, feel free to just look at it as another tool in your toolbox that you can use as a guide in your own trading strategy. Disclaimer - This is not Official Financial or Investment Advice.
CME_MINI:ES1!
by SemperTrader