Trianglepattren
Mahindra & MahindraMahindra & Mahindra Broke out of Bullish Triangle Pattern & confirmed with following candle & trading comfortably with good volumes.
Could be bought with mentioned target & stoploss
$AMD - Coiling TighterEven after this gnarly red day, AMD has found support within its symmetrical triangle.
As price coils tighter, the likelihood for an explosive move increases. Will keep this one on the watchlist.
ICICIBANKICICIbank broke & confirm triangle pattern breakout.
Could b bought with mentioned sloss & tgts.
MUTHOOTFINMuthootfin broke out of traingle pattern as well its congestion zone of 1500-1516 & comfortable trading above it with decent sorts of volumes.
Could be bought with mentioned sloss & targets
MARICOMarico broke out of bullish triangle & comfortably trading above it.
Could be bought with mentioned sloss & tgts.
BTC descending triangle with options expirying at 48kHello everyone, this is my first time posting an idea on BTCUSDT , I'm in no ways an expert, just a day trader looking to learn.
With that out of the way, I notice BTC has made several failed attempts to breach the 48k resistance and trade volumes are decreasing.
We had a small breakout attempt from that resistance, which lasted no more than a few minutes, leaving only wicks above 48.4k.
There is local support at 46k , followed by strong support 42-43k.
With options expirying at new years eve and the maximum pain price being 48k , I expect the following hours leading to 00:00 to range around 48k , after that everyone is expecting high volatility , and the path with least resistance is to the downside.
That, combined with the fact that we are in a strong resistance area , the formation of a descending triangle makes me believe we might not have the happiest of new's years.
Again, this is my first idea and Im just throwing it out there to see what people think, in order to improve my skills.
Personally I would love to see 42k to add more BTC to my portfolio.
Again, first idea, day trader. Please do not take this as advice.
I just want to hear some feedback.
EurChf buy DEBUNKED (Buy)Hello traders
Back with my diamond patterns. Today we will discuss about EurChf buy. Here we can see EurChf is in a diamond pattern with an embedded triangle. The triangle created 2 waves on the left side. An inverted small V-wave and a regular/larger V-wave. Clearly price is in the other half of the formation and now it looks like the first wave is completing(should be completed by end of the day or tomorrow. And the other wave is yet to form. From what I can see this is a 4hour time frame chart.
If you go for this trade you should aim to take profit on the top of the second wave and short it right away. *Do not increase your risk size, use same risk*!!
Good luck if you take this trade. This isn't a financial advice, just a guide and opportunity that has presented it self. Use sensible risk please!!
Good luck
follow me for more future analysis!!
Thank you
BREAKOUT IN BERGER PAINTSPossibility of a breakout in BERGER PAINTS in Daily and Weekly timeframes.
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
KECKEC International is breaking out of strong resistance zone of 465 with volume.
Ciuld b bought with sloss below 455 & tgts of 484 & 499.
siemensBreaking out of channel thn again out of triangle on shorter time frames.
Could b bought for mentioned tgts n sloss on an intraday basis as time frame is only 15 mins.
ACCAcc broken out of bullish triangle pattern on hourly charts.
Acc could be bought with mentioned sloss & trgts
BATA INDIABata india broke out of bullish triangle on an hourly charts,
Could b bought with mentioned sloss & tgts.
Is it a Reversal Pattern ?! Symmetrical Triangle: A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.
We can use this pattern mixed with CCI convergence to Go long.
PLTR PALANTIR - Triangle in progressThe course of Palantir NYSE:PLTR appears to be in a compression triangle.
In the short term, it is heading towards the support of $ 17 (end of wave C). Then it will probably retest the $ 21 (wave D) before returning to its old support (wave E and end of the triangle).
After that, it either breaks the green downtrend line and we are off to pick up his old ATH or back to $ 10.
RelianceReliance broke out of traingle pattern with decent volumes & currently trading above 50% & 61.8% FIB Retracement Levels.
Could b bought above 2515.55 with mentioned sloss & tgts.
Bank Nifty Elliot wave analysis Hello Traders ,
As we know there was a correct ion going on in market form 22 Oct and still it is forming and making new low at very next time .
We can see a zigzag pattern is in making which is subdivided into 5,3,5 as ABC wave pattern .
Now BNF is making 4rth sub wave of wave 5th and it's making a triangle pattern where wave E is in making process . Once wave E will complete we will be vitness of long down move .
COCOS/USDT, MOONING?Things are getting exciting with COCOS, forming a symmetrical triangle while breaking a huge triangle on the 4H frame.
As I mentioned before, the confirmation is closing above 2.7
Short-term Bitcoin Price Update. New Trend Lines Emerge on 4H.Looking at the 4-hour chart of Bitcoin. I had a descending triangle that has recently broken downwards. However, what I thought was a descending triangle appears to be rising wedge. This does not change the sentiment that we are bullish Bitcoin. It only changes the price targets. $40200 remains valid, not as the target of the descending triangle but as historical support. However, I see $44536 as a strong support line based on the big drop on 4 December. If that line breaks, then I will be setting up buy orders at lower levels. If we break the top of the falling wedge before we break $44536, then we look for entry points above both. I will update this as things unravel.
You can view this chart with live price and my updates here .
$ADAUSD - Hope this support withholdsHello everyone!
Cardano touched an important support area.
Must rebound from this point and should go upwards.
If you see the RSI on a daily chart, ADAUSD was drifting in the lowest oversold zone for too long, this might be the right time for reversal.
The best would be to wait for it to close above 1.30
GOLD. Maybe the "sky clear" ONLY for rocket after May. 2022. GOLD. Back to "Bullish Triangle" Idea. GOLD's price may still "containing" within a big range :- <1900-1700 > ..before a "clear date for actual rate hiking counts plan" announcement from FED right before/after May 2022?...
