Bulkowski research: best performance in upper 1/3 of yearly high for upward breakout. Best performance in lower 1/3 of yearly range for breakdown of the descending triangle. Line in the sand 7 SEP for direction.
CHFJPY Short Trade FOR VIP SERVICE CONTACT US Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Thanks Adil Khan.
Seems it's descending triangle in daily time frame.
It looks like silver might be ready to break out of a small descending wedge which I predict would then lead to a break of the larger one and a run past $16 would be eminent.
I don't feel like this is very likely, but we're in a very volatile and emotional market so it is very possible. Right now they are just lines, but if we get a couple more touches we may be in a legit decending triangle. From my experience with BTC, decending triangles often play out. When I was shorting, this was my favorite indicator to open a short. Completing...
Looking at the chart I have created, we have a descending triangle and are ready for another fall into the crypto abyss... Would love to know your thoughts.
Pick your poison. It appears as though Ethereum is ready to break this Ascending Triangle or break this descending triangle to the downside. I'm thinking a new ATH is on the horizon. Time will tell per usual.
With GCAD respecting price structure and creating a Descending triangle I am anticipating a break and retest of the highlighted zone for a high probability trade.
Here is the idea of XAUUSD might bullish (It's moving inside the descending triangle pattern) until it's lower low highs.
Hello Friends, Looks like we have the appearance (not text book) of a descending triangle . The outcome of a pattern like this is a bullish move equal to the height of the pattern itself. Now is a good time to be thinking about going long. Entry (green) and exit (red) points are on the chart, as is stop losses in yellow. Details on the chart. This is my...
1.14106 area has been used as resistance ( purple arrows ) and more recently as support ( blue arrows ) which price is currently at, mix this with the trendline ( blue line ) that price has been respecting, we can see a descending triangle forming, This is price been squeezed and when this happens we normally see an explosive move to the upside. So either today...
As a follow-up post to my most recent string of bad ideas. BTC seems to be forming another descending triangle on the weekly time frame. I've been looking for a place to put some buy orders. The triangles final target comes in at $2154. The target leaves us in an area of zero resistance however $2000 psychological and $1800 stand out as strong support levels....
Large picture: waves 1,2 and 3 of the elliot wave impulse wave is complete. Small picture: Descending triangle is forming in the short term. It is that simple. Strategy: Enter trade at the top of the decending triangle. Target previous support at the fib line. That zone is a fresh supply zone that has only been touched twice so chances are good that it will...
We’re at the end of an eleven month pattern where Bitcoin has continued to disappoint and shed bullish sentiment. I expect the chart is self explanatory. The lower highs and higher lows will meet each other this holiday season and, with that, cause Bitcoin to learn what it is and how it will be for the next six to twenty six months. There is no insight I could...
We see a bearish descending triangle that has fallowed true though 2018. If BTC cannot rally and break the triangle we may end up seeing newer lows in October/November.
as you can see h&s forming. i will definitely buy bnb when dropped around 14.
Nothing on this chart supports a warm feeling that $FUN is about to go bullish anytime soon. It's been consolidating sideways for the past few weeks. Ascending triangle is forming, one of the most profitable trades. Patience is the key; You wait, you WIN! Please do not forget to like and follow. Lets see what happens! Best of lucks to all!
Eth is breaching the bottom support for this multi-month depending triangle. About to break lower for possibly it's final leg down. Happy trading! kobe