Risky bet on the AUD/USD ! Despite the interest rate cut the AUD still moving up ! The D point is vital for this pattern to exist, if it occurs this will be a nice trade ! Cheers
A beautiful bullish ascending triangle is forming on the AUDUSD.
Very clean ascending triangle pattern for potential breakout and gap close. Careful, earnings tomorrow after market close. Keep it simple, and focus on the process Twitter: @Jeanc680 Jean
BABA into a bullish ascending triangle pattern, however, noticing divergences on both RSI and MACD to downside. POC in 79s, could see this breakdown, but open to break to upside. Neutral on this name ATM
Watch for the pattern to resolve to either direction. Place stop above or below the breakout pin. Good luck ;)
$AAPL daily shows a channel down (validated by mid-line support at several points). However, after the completion of the H&S, a falling wedge is taking shape, with the former neckline of the H&S now acting as resistance (red). Should the wedge break to the upside and fill the gap, look for a target near 110. The last two months has also formed what could...
$SLB looks like an ascending triangle/inverted head and shoulders/channel up. Recent candle is bullish engulfing bouncing off of 50 ma. Price currently above all moving averages.
FOSL looks primed for a pop here out of an ascending triangle into gap. Price currently above all but 200 dmas. Positive divergences shown on RSI and MACD. MACD cross zero line to upside, while RSI holding the 50 line.
Another one on our list of us energy stocks which we think are currently in a corrective wave. The first condition we are waiting for is the breaking down and out of the lower trend line. Once that is breached then we will be watching in lower time frames for a retest & rejection or a corrective pattern to sell from. Once these conditions have been met we will...
We have an ascending triangle pattern in BHEL and I'm expecting upside breakout today but that means doubletop will fail & gladly yesterday I didn't enter doubletop. So I'm free to enter based on triangle on any directional breakout in Bhel If you watch closely, we have double top formation with RSI divergence within triangle. Ascending triangles breakout in upper...
Hi Everyone, there is a sell setup for RIO -0.89% on the London Exchange. It is in a corrective ascending triangle which we are waiting for to break down and out of. A high risk entry is available on lower time frames now which could bounce up off the lower trend line but otherwise we will wait for the break and retest of the lower trend line for the sell.
As you can see, in Chart formed an ascending triangle, which will continue the trend after 1-2 swings. I tink next aim is the 0.382 respectively 0.5 fibonacci
Weekly: Price is in an uptrend. The trend line has not broken and is seeking higher highs. Daily: A gorgeous ascending triangle is forming with presumable assumption that the breakout will be to the upside. Price is in major resistance at 1.31500 4 Hour: Since we are to want to long this pair let us see where to enter. On the 4H chart price is trending in a...
Bearish Bat on GBPJPY , i will be taking profit at the D point or 142.000 though it should continue due to the ascending triangle on the 4 hour chart.
Ascending Triangle on the Day and 4 hour chart indicating a Bullish move upwards. Terminations zones possibly at the 127.2%-141.40% extension zones. would be a short for possibly 250-500 pips.
Hi Guys, EURUSD has formed perfect ascending triangle and most of the times ascending triangle breaks out downwards. Here in the above chart we have strong close below the support trendline of ascending triangle, so we may expect direct move downwards to retest the earlier lows 1.0910's. Even if you draw an abc correction wave it matches with our breakout...
This is a zoomed in 1D chart of my previous Trading View chart of the Bitcoin Megabull Cycle but this one is based another of my studies on the fractal of 2012-2013. The previous rally to $790 was actually supposed to fail and I did not notice this until I studied the charts and history further. The good news right now is that Bitcoin should bottom at $610 and...