okay, last chart for the night! NASDAQ:QRTEA looks pretty coiled on this ascending triangle chart pattern. if you by the breakout, make sure you take profits around $12. Strong resistance there. Nice setup with the breakout clearing 3 major inflection points (ascending triangle resistance, 200 day MA, and round number $10).
NYSE:ARD has been consolidating for 3+months carving out an Ascending Triangle chart pattern. Clearing the horizontal resistance triangle and closing above it on a daily bases will also clear the 200 day moving average that has been acting as resistance adding to the validity of the chart pattern breakout. volume pattern also support higher prices.
and there she goes. Broke out today on good volume. Posted this over the weekend after coming across this setup during my chart screening. Keep it Simple!
Visa forming 2 months well defined continuation rectangle chart pattern setup. Earnings on deck tomorrow so the breakout might not happen until then. Watch price action after the report and for a close above upper boundary on daily basis for a signal the next leg up is starting. Keep it Simple!
Hello all traders GBP/CAD Trade Setup / Analysis Educational —————- Just browsing through my analysis means a lot to me. Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied Always enter into deals when there are more than 5 reasons combined Swing long ( Up ) ...
Bought some FTS on Friday. Interesting setup inside the rectangle pattern. price tested upper boudrey resistance and pull back into 4 support areas conversing. 20 EMA, 200 EMA and small daily gap on July 15th AND short term breakout pullback! Worth a shot. I normally wait for the breakout but this one is interesting to watch how it will play out.
Well, that was quick! AMEX:PPLT reached its #rectangle price target 1 day after the breakout. i pointed out this breakout yesterday.
Broke out today on good volume. Minimum price pattern target identified on the chart. Platinum formed 2 months classical #rectangle chart pattern with a breakaway gap in today's session. Expecting higher prices heading towards #rectangle price target.
Gold futures just tagged its rectangle breakout price target. A decisive break through that level will take gold towards testing its all time high which is just few dollars above! Keep it Simple!
CCJ #rectangle #chartpattern i posted few days ago broke out and reached its pattern price target yesterday. Text book chart pattern trading. Keep it simple.
You can still find some decent short setups in this crazy bull market. BEAT is forming a possible #headandShoulder top after its Covid19 recovery rally. I say "possible" as BEAT need to close below $40 on daily basis to confirm the top reversal. If the market pulls back (what?), this stock will most likely completes its classical #chartpattern and sets up a...
FTDR been moving sideways for about 2 months forming a well defined #rectangle #chartpattern. The breakout from the rectangle will coincide with a down trend-line on the weekly scale adding to the importance of the daily breakout. On my watch list for a long entry.
Plenty of good looking setups out there you just need to find them. Well defined 2 and a half months consolidation in the form of a rectangle #chartpattern. The stock will be trading at all time highs (ATH) if it breaks out to the upside. #ClassicalCharting, #KeepItSimple
Ontology completed a 14-week H&S. Measured target at .830 #bitcoin #altcoins #classicalcharting
Still holding this desperate long , it turned out to be a pump for ants prior to Phoenix fork and after that, it's just declining. I moved my stop a bit below, this trade without leverage, so I can give it more space. But honestly, I anticipate more downside here, because historically after rejection off 0.000700 btc resistance it continues to decline with...
Lisk confirmed a 4-month wedge breakout. Expect price to reach the top of the wedge in a few weeks.
Decred completed a beautiful H&S bottom with nice follow through. Measured target on red line.
LINK completed a 3-week ascending triangle along the long-term trendline. Probably retest on ATH.