GBPUSD Triangle Formation? 01.03.2022Will this be a Triangle breach upwards or downwards?
There are important news announcements this week, Non-Farm Employment Change and Unemployment Rate for the US.
That might be the reason the market is hesitating to move and waits for Friday 04.03.2022.
Normally, the exposure to the market is too long for this pattern to hold but there is a good chance that the prices will move according to the arrow indication this time.
Trianglepattren
No more price HIKE in Oil priceHellow traders!
Everyone is worried about the global Oil price Hikes, we can see price hikes on daily basis. The price is not only rising up in non-OPEC countries but we can see very high rates also in oil-producing countries.
Looks like there is nothing to worry more about Oil price Hike as we can see in the chart that it will dive quicker than its previous rise.
The chart formed expanding triangle pattern after the breakout of the trendline. Normally it was supposed to drop from 66$ but because Oil-producing countries wanted to hike the price to cover their pandemic losses so they kept pushing up. That's why we can also see some abnormal behavior in the chart.
The breakout from the top trendline of expanding pattern is called a death point because after that we will see the change in the trend and the change has started.
Now let's talk about the target.
The price at 28.7 is the price where it's compulsory for the market to hit that price. It can't go anywhere without touching that point because it's an untested point and looks like formation is also completed and it is ready to touch 28.7$.
Don't forget to hit the like button and follow to stay connected
#Perlusdt Mid to long-term analysis.Perl was moving in a perfect triangle before bitcoin crash yesterday and was about to fly. But now this btc dump has extended it's time period moving inside triangle.
Close above 0.10 will start it's uptrend again up-to 0.4-0.45$ in mid-term to long-term.
Close below 0.05 will invalidate the structure and then we will have to wait for next structure formation. I personally think once BTC will stabilize this gem can give you 3 to 5x returns in mid-term to long-term time period.
Do your own research always before investing. If you like my work kindly do like and follow.
RCL | Bull Dragon Pattern | upcoming Triangle Breakout SetupPrice Action and Chart Pattern Trading Setup
> Bullish Dragon Pattern with upcoming triangle breakout ENTRY setup above EMA200 and Volume Profile Point of control 44.50
> 1st Target upcoming TAIL HOOK fibo 0.5-0.618
> 2nd target at DRAGON HUMP 0.618-0.786
> 3rd target DRAGON HEAD 0.786-1.0
> Tail extended target DRAGON HORN ZONE 1.0-1.618
Indicator:
> Smart Money and Banker Chip important level support at Triangle A position
> Fund flow trend reversal into positive distribution phase
> KDJ Stochastic strong uptrend
> Banker BBD positive trend above baseline 0
Fundamental Factor:
> positive BDI index +5% vs last week above 2000.
> CCFI Container Index still at high level
en.macromicro.me
Risk ratio: 2.5:1 for short term target tailhook position or dragon hump trade and 3:1
Always trade with affordable risk and respect your stop loss
Good Luck
SXP - LONG-TERM Woop, good morning traders,
Look at SXP, whether it is deepest bottom or not. Actually, I never try to guess what will happen. I just look at candle stick, it always say a story to you. Current now, SXP has some key points :
1. Triangle pattern had been created and price broke bottom trend line.
2. At local strong support 2.0-2.3, bearish engulfing pattern had been completed, that mean retest fail.
3. RSI triangle also broke and under 50, it will move quickly to overbought area when price drops deeper.
By these analysts above, highly price will sink deeper to 0.7-1.0. Now, just keep patient and observe
US30 BREAKOUT LOOMINGUS30 Has been in triangle consolidation since 2/4 and it is starting to breakout to the upside. In the midst of this breakout there are a few areas that if you are patient in taking a long
(AFTER THE RETEST OF COURSE...) COULD BRING IN SOME SERIOUS POINTS
TP 1 35380
TP 2 35533
TP 3 37000 LONG TERM FIB D EXT
DO NOT GO LONG UNTIL THERE IS A CONFIRMED RETEST AND GOOD LUCK !
OANDA:US30USD
SHIB is moving in a bearish triangle pattern, What's next goal?As you can see on the chart, Shiba is moving in a big bearish triangle pattern for about 10 Days!
What we expect from Shiba and what is the next move, Is dependent on the market & Bitcoin situation, I'm still bearish on BTC, You can see my last analysis on that coin.
Now for Shiba, I expect to see a little sideway movement and then a breakout from the downside of the triangle.
In this case, The next target is major support which I have drawn oh the chart. Although there is a possibility of breaking this triangle from above, but I prefer to consider a small probability for it.
DAX -DE40 TRIANGLE TRADING SETUP + possible BREAKOUT LEVELSThere is a nice formation on the DE40 - DAX chart. You can trade inside the triangle. We hit strong support, and we are climbing higher. Let's see if we can break the bearish TL.
GUJALKALI is ready to buy for positional trade. NSE:GUJALKALI
Aim for 6-8% . It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
It is an analysis video. Take your decision on your own.
If you have any questions or suggestions, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
BTCDBTCD is in w4 barrier triangle, in which we are currently in the E wave. This is the final push on the weekly, since BTCD & BTC charts have not synced up with the BTC chart & ETH chart (also all altcoins) we remain inverted to BTCD & the E wave will likely push BTC down & also altcoins. Then E wave finishes & BTCD dumps into wave 5 which will likely be the bottom. After that we will have a nice altseaon and fully recover
Time To decide For Goldhello everybody
its time for Gold to break this big triangle with an uptrend or downtrend
red arrows are so importand to get position
if top trendline breaks you can wait for pullback and get buy position
and if breaks downtrends you can wait for pullback and get sell position
i hope you enjoy this
ty
ADVANC | Bullish Gartley | Possible Sideway wave correction Price Action & Chart Pattern Trading: Hold / Accumulate - Pullback Entry
> Possible breakout pennant triangle in sideway after forming bullish gartley as correction after minor Elliott Wave 5
> RSI & MACD bullish crossing signal line above base.
Always respect your stoploss
Good Luck
IBULLHSGFINIBULHSGFIN broke out of ascending triangle pattern & trading comfortably above it, also short covering is seen in 220 strike CE.
Could be bought with mentioned stoploss & target.