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Triangle

The triangle pattern is known as a bilateral pattern, which means that after a break-out the trend could either continue or reverse. There are basically 3 types of triangles and they all point to price being in consolidation: symmetrical (price is contained by 2 converging trend lines with a similar slope), ascending (price is contained by a horizontal trend line acting as resistance and an ascending trend line acting as support) and descending (price is contained by a horizontal trend line acting as support and a descending trend line acting as resistance).

The more price approaches the apex (where the trend lines converge), the bigger the chance of a break-out. The triangle pattern has completed when price breaks out of it, in either direction. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the back of the triangle and extending it in the direction of the breakout. A common stop level lies just outside the triangle.
FateTrader FateTrader BTCUSD, 240, Short ,
BTCUSD: 5th Wave, chart update from the 23.01.2018
178 0 1
BTCUSD, 240 Short
5th Wave, chart update from the 23.01.2018

A possibility, something should happen quite shortly (in hours or day or two), trend should form when green triangle is narrowing.

andmk2 andmk2 PRO OXB, W, Long ,
OXB: $OXB A six month consolidation before a bullish move this week.
33 0 1
OXB, W Long
$OXB A six month consolidation before a bullish move this week.

$OXB A six month consolidation before a bullish move this week. Formed a symmetrical triangle with 3 touches on each side before the breakout.

andmk2 andmk2 PRO SIXH, 1W,
SIXH: Where will 600 group go?
9 0 0
SIXH, 1W
Where will 600 group go?

Where will 600 Group go after the breakout in late January? Both moving averages on the chart are about the 200 EMA, so it looks bullish.

jackjamesholmes jackjamesholmes USDJPY, 1D,
USDJPY: USDJPY massive triangle
33 0 0
USDJPY, 1D
USDJPY massive triangle

USDJPY has bounced of the bottom of a very large triangle seen on the daily timeframe. Price is still towards the bottom of the triangle, but bounced off support, so I haven't picked a direction yet. once price breaks out, expect to see a big move which should last weeks if not months.

tigerpause tigerpause PRO BTCUSD, 240,
BTCUSD: Possible bullish pennant?
84 0 1
BTCUSD, 240
Possible bullish pennant?

I'm not sure if this is a rising wedge (bearish), a pennant (bullish) or even an ascending triangle. Any comments?

tigerpause tigerpause PRO BTCUSD, 240,
BTCUSD: Ascending triangle but conflicts with 1h H&S and rising wedge?
99 0 1
BTCUSD, 240
Ascending triangle but conflicts with 1h H&S and rising wedge?

Ascending triangle but conflicts with 1h H&S and rising wedge?

andmk2 andmk2 PRO EURGBP, W, Short ,
EURGBP: EURGBP - Is this where the pound strengthens against the Euro?
19 0 0
EURGBP, W Short
EURGBP - Is this where the pound strengthens against the Euro?

EURGBP - Is this where the pound strengthens against the Euro and breaks the ascending triangle formation? Wait and see?

jackjamesholmes jackjamesholmes EURUSD, W, Short ,
EURUSD: EURUSD long-term bearish channel
41 0 1
EURUSD, W Short
EURUSD long-term bearish channel

Massive downtrend channel, we are very near the top at the moment. Also approaching the sharp end of a massive triangle

andmk2 andmk2 PRO FDL, W, Long ,
FDL: Findel's broken out
17 0 0
FDL, W Long
Findel's broken out

Findel's broken out and is heading towards it 200 day EMA

SilverTrader925 SilverTrader925 PRO UK100, 60, Long ,
UK100: BUY FTSE100 Ascending Triangle
50 0 1
UK100, 60 Long
BUY FTSE100 Ascending Triangle

D1 - the candles have a lot of lower wicks showing price doesn't want to go lower H1 - ascending triangle, if price breaks out buy above the resistance line with a stop below the trend line, with a target at the recent highs.

andmk2 andmk2 PRO LAKE, W,
LAKE: Will Lakehouse head up?
18 0 1
LAKE, W
Will Lakehouse head up?

Not such a strong reaction to today's results. Appears bullish though, so wait and see.

andmk2 andmk2 PRO BTCUSD, D,
BTCUSD: Bear trap on Bitcoin. Support at 10700 holds
66 0 0
BTCUSD, D
Bear trap on Bitcoin. Support at 10700 holds

Instead of breaking to the downside, a bear trap has been deployed. BTC could now go higher? Watch and wait.

andmk2 andmk2 PRO BTCUSD, D, Short ,
BTCUSD: $BTC break to downside
394 1 3
BTCUSD, D Short
$BTC break to downside

Still volatile, but the breakout on the daily chart is clear at this moment. Stochastic is also trending downwards. More to come? Wait and see.

Andrewd007 Andrewd007 PRO GNTBTC, 30,
GNTBTC: Golem symmetrical triangle and cypher patterns
35 0 0
GNTBTC, 30
Golem symmetrical triangle and cypher patterns

Possible cypher pattern to complete the symmetrical triangle. Details and levels on the chart.

paragoncrypto paragoncrypto XRPBTC, 60,
XRPBTC: XRPBTC 48Hour forecast.
252 0 3
XRPBTC, 60
XRPBTC 48Hour forecast.

XRP has seen some fantastic growth over the past week, which is set to continue into January. Here we have plotted a possibility for the next 48 hours which sees the current upward trend into a wedge and bursting up towards a new all time high of 19000 satoshi at around 16:00 G.M.T on January 2nd 2018.

karlsmith87 karlsmith87 GBPUSD, 240, Short ,
GBPUSD: GBP/USD Barrier Triangle Elliot Wave
47 0 0
GBPUSD, 240 Short
GBP/USD Barrier Triangle Elliot Wave

Barrier Triangle Elliot Wave go short! 1. Wave C never moves beyond the end of wave A, wave D never moves beyond the end of wave B, and wave E never moves beyond the end of wave C.

CraigTurnbull CraigTurnbull BTCUSD, 30,
BTCUSD: Bitcoin in an upward trend.
32 0 0
BTCUSD, 30
Bitcoin in an upward trend.

Bitcoin setting clear higher lows and getting ready to test that all time high

Picnic44 Picnic44 PRO BTCUSD, 240,
BTCUSD: Are we retracing back to 12k?
193 2 2
BTCUSD, 240
Are we retracing back to 12k?

A descending triangle is forming on the hourly charts but the volatility of the market creates some ambiguity in the readings. Another price drop is highly likely if the bears can push down below the descending triangle with a high volume. 11-12k would provide a great buying opportunity for those who missed the previous bull run. Personally, I use Tone Vay's ...

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