Dear All, If you follow my previous TA, this is the part of it and a details analysis on the breakout of the Symmetrical Triangle. Since this is Educational TA, let me explain in details; What is Symmetrical Triangle? 1. Symmetrical Triangle is a continuation Pattern. So you need to look where is the entry. For this case, the entry is from bearish trend. Once...
Hi All, Previous Bear Flag and Raising Wedge Target is complete and lets see latest pattern. Since Daily Stoch still bearish, we probably will go another bear pattern. Symmetrical Triangle. Symmetrical is a Continuation Pattern. Since the Entry is from bearish trend, it will continue going downwards. MACD and stoch RSI in 2 hours look bull, but probably denied...
Hey, I am back with another, this time educational analysis. In this educational analysis you can see some obvious patterns in the chart, that helps you decide when to buy or sell. Simple usage of just three indicators, Volume , RSI , and MACD . At first I though, sure, how can some pattern show me the price movement.. But I was wrong. Ok, so in the time...
To clarify an earlier post, I thought I would explain the signs that told me to sell my coins just before the beginning of the recent fall, in the hopes that it might help someone at some point in the future if they see something similar. It also helps me to write my thoughts down. A dramatic price rise can be seen on the chart as the popularity of...
VNQ formed a symmetrical triangle. It has two trend lines. One uptrend line is acting as support while the downtrend line is acting as resistance. This triangle contains three highs lower and three lows higher. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. The symmetrical triangle can be...
ETHUSD formed a symmetrical triangle. It has two trend lines. One uptrend line is acting as support while the downtrend line is acting as resistance. Contains three highs lower and two lows higher. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. The symmetrical triangle can be continuation or...
GBPAUD formed an ascending triangle. We could see a horizontal upper line (that would be a resistance) and a lower uptrend line (that would be a support). Prices moves with equal highs, and lows higher than previous. Then after a few attempts, the prices finally break through resistance. The ascending triangle is a continuation pattern. Prices come from an...
thepatternsite.com Target : £4100
This pattern has brought me great success scalping crude oil. How to trade it: Look for an ABCD triangle formation with lower highs and higher lows. Draw the triangle with extended lines. Measure the baseline at B and divide it by 2 Add this value to the point of breakout to get a nice padded target to either side Look out for fakeouts and good luck. ...
Hey Traders, I am going to do a short free tutorial on Simple Patterns. This tutorial's purpose is to show you: -How to Identify Ascending Triangles -How to measure the move to project price targets -Examples of how you can create a rules based Strategy around Simple Patterns. - Psychology behind Ascending Triangles The Ascending Triangle is a Bullish...
Hey guys this is a very short educational post on two of the most commonly found chart patterns in the market. These are often mistaken and confused even by experienced traders. Here we have a rising wedge and a bearish triangle both are bearish in nature. However one is a reversal pattern and the other is a trend continuation pattern Example of a wedge ...
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Basic Patterns, Educational Post
Dear friend's How triangle works on bullish channel? This is a simple way to find entry point in triangle bullish movement. inverse, in bearish movement is true. Hope this lesson help to me and help to you for improve your trading. Kind regards, Pooya Salehipour