Retracements are shown in post Brexit for both GBPUSD and EURUSD. On the daily chart, GBPUSD has a brief break and close above the recent high before making it way to its retracement. On the 1-hourly chart, there's an inverted descending triangle formation which could probably break and close below the bat pattern formation. If the market retest the trendline...
ETH/BTC broke bearish out of the descending triangle. It looks like it has hit bottom. Support at 0.027 0.033 is the key level to break Thanks
Hello traders, here is the full analysis for this pair... the market is still in a downtrend and creates a triangle This is important and emphasizes that traders should not simply trade the pattern whenever the triangle appears. The figure of the triangle is essentially two inclined lines of the trend. The price is consolidated inside the figure as if squeezing...
Having Bearish Butterfly reaching its first target and bounce back to the previous hight at the HOP level shows that the resistance is still in play. At this moment we have a descending triangle within a potential bullish shark pattern that I've planned for a shorting opportunity.
as you can see, the price action has broken out of the "DECENDING TRIANGLE" and a decent amount of bull candle. Entry: 115.227 SL : 114.952 TP : 116.350 risk / reward ratio : 1:4
My setup for short entry Entry 1: 9190.62 Target 1: 8800.56 Stop 1: 9367.92 Entry 2: 9022.45 Target 2: 8072.16 Stop 2: 9265.44
It would be great to see this reverse and not complete, but the technicals do not look good for LTC. It is under several relevant moving averages, inverted cup and handle thing may break down, but not confirmed. Daily candle close below my arbitrary lower descending wedge line, which is not great. Lets see what happens folks.
Todays analysis – SILVER - Consolidating within a long term descending triangle as it nears apex. Points to consider: - Strong resistance - 2.272 Fibonacci extension target - RSI above 50 - Stochastics overextended - Low volume SILVER unable to break structural resistance with multiple failed re-tests, however, price is quickly bought up as it retraces...
Todays chart – IOTXBTC – testing resistance of the descending triangle formation as it nears the apex. Points to consider: - support and resistances converging (apex) - Trend bearish (consecutive lower highs) - Bullish Price action (testing resistance) - Support confluence - RSI above 50 - Low volume IOTX has formed a mature descending triangle (typically...
USD has been in a bear trend against ruble since March, it formed a topping pattern as a descending triangle and started a bear trend. since then it made another defending triangle as a bearish continuation pattern and broke down from it the target of that large triangle is around 68$. its currently completing another small descending triangle with a target around...
Please comment on my analysis! I believe that by Tuesday price should hit resistance and not breakthrough for a nice drop.
The new reality with the pandemic takes the airline industry 2 a new sad levels. My Descending Triangle tells me we might c a crash in the upcoming month so pls Please Fasten Your Seat belt:)
OCUL OCUL has a pattern of descending triangles over the past 4-months (July-November 2019). The company launched its second commercial product Dextenza in the 2nd quarter where it gave away free samples. Its other product 'ReSure Sealent' has posted weak sales numbers ($472K in 1Q19 and ~600K in 2Q19). Dextenza is priced at $850 and is essentially an...
Right now I see since that Bitcoin are in a descending triangle. It is at least a healthy sine if Bitcoin are. Right now I'm leaning towards bearish short term. It is likely Bitcoin will go up and test resistance at $9700 area and then down to $8800 area to fill the CME gap. If Bitcoin decides to go lower then $8800 I think the lowest Bitcoin will go is $8500. And...
Possible shorting opportunity the break of the wedge.. I am already short from somewhere near the top.. if there is a break of the wedge then i may open another position with a tighter stop loss AUD seems real weak right now and YEN is booming.. at least up until the rate decision ON THE 31ST OCTOBER!!! any questions feel free to ask Ben #PipGainFx