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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.
andmk2 andmk2 PRO BGO, W, Long ,
BGO: Good interim results sees BGO moving ahead
15 0 2
BGO, W Long
Good interim results sees BGO moving ahead

After creating a cup pattern since March 2013, BGO has every chance of moving much higher. That depends on if it can profitably grow its business.

zippy1day zippy1day PRO BTCUSD, 60, Long ,
BTCUSD: BTC Symmetrical Triangle in a Bull Market
183 0 4
BTCUSD, 60 Long
BTC Symmetrical Triangle in a Bull Market

I think this has merit although incomplete, so Targets as per chart estimated ~ correct on ...

JordanWillson JordanWillson PRO AUDCAD, 240, Short ,
AUDCAD: AUDCAD Short Opportunity
17 0 3
AUDCAD, 240 Short
AUDCAD Short Opportunity

Here we have a double top formed on a 4 hour keeping inside a strong bearish rectangle. Level 0.98654 has not been broken and respected perfectly creating this formation, also strong convergence with the RSI and Stoch. If the 50% Fib level is broken at 0.98048 I will be looking at shorting this to around 0.97205 support level. It is also visible that it is being ...

acdmbe acdmbe ETHUSD, 240, Long ,
ETHUSD: Ethereum descending triangle formed and breakout occurring
67 0 3
ETHUSD, 240 Long
Ethereum descending triangle formed and breakout occurring

On the 4 hour chart there looks like there is a Descending Triangle appearing. Which should infer a 8-9% increase in price over the coming days. like a dope i published this as a private idea. Is there a way i can republish a private idea as public one? https://uk.tradingview.com/x/LK40JGsA/ What do you think?

scotchneat scotchneat AUDUSD, 15, Long ,
AUDUSD: Round 2 against this bullish expanding triangle
49 0 2
AUDUSD, 15 Long
Round 2 against this bullish expanding triangle

So the first setup didn't play out, but I think this still has legs because my 3 bounce rule is still in just about in effect. I'm predicting a breakout up to the 1.618 after the next bottom channel bounce. Better to wait for confirmation after the upper channel line is broken.

Alarmed Alarmed PTOYBTC, D,
PTOYBTC: PTOY BTC entry between 10k - 11k sats
39 0 2
PTOYBTC, D
PTOY BTC entry between 10k - 11k sats

Symetrical triangle has formed if price goes above 13k sats this will confirm a breakout fully going forward

lloyddavies64 lloyddavies64 GBPJPY, W, Short ,
GBPJPY: Here is a text book trade - descending triangle
53 0 1
GBPJPY, W Short
Here is a text book trade - descending triangle

5 Touches n break out at perfect point. Seen this before in 2015 - JPY trait. Going to hold it for a while.......good test of sitting on my hands. Enjoy.........

ChEtg ChEtg AUDCHF, D,
AUDCHF: Awaiting breakout on AUDCHF - H and S and Triangle forming
40 0 5
AUDCHF, D
Awaiting breakout on AUDCHF - H and S and Triangle forming

A Client asked me my opinion on a Trade so I thought i would take the time to provide a full mark up and analysis for him on the pair in order to give him the best possible chance of success. AUDCHF is at a very interesting level, as it is showing potentially multiple technicals in this supporting either a bullish or bearish move, but we must await ...

narushima narushima PRO BTCUSD, 360, Short ,
BTCUSD: End of consolidation, downsided resolution.
271 4 3
BTCUSD, 360 Short
End of consolidation, downsided resolution.

We Consolidate since 1 month and it looks like the BTC sideways are ending. Segwit is on the way and whatever will be the outcome, it doesn't seem that the issue will be resolved without serious trouble on the way. For me the market is ready for a GLOBAL bearish correction, and a serious BTC price fall should sign the fact that we really engaged into it. If you ...

DL.FX DL.FX PRO GBPJPY, 30,
GBPJPY: GBPJPY INTRADAY MISS - TRADE WHAT YOU SEE, NOT WHAT YOU THINK
78 0 3
GBPJPY, 30
GBPJPY INTRADAY MISS - TRADE WHAT YOU SEE, NOT WHAT YOU THINK

Missed a 45 Pip win on GBPJPY due to my short bias. Trade what you see, not what you think. I have been noticing that I have been missing potential winning trades due to my bias'. On the 4HR GBPJPY still showed sign off upward strength, as it was still creating HH and HL and the MA's were still crossed to the upside. There had also been a confluence with the ...

dsfx1 dsfx1 PRO EURGBP, 60,
EURGBP: EURGBP
49 0 2
EURGBP, 60
EURGBP

Looking more bullish than bearish although more confirmation is definitely needed before entering this one.

bloxhamtrading bloxhamtrading PRO XAUUSD, 15,
XAUUSD: Possible XAUUSD Short Trade
122 0 3
XAUUSD, 15
Possible XAUUSD Short Trade

There is a possible correction looming, both RSI and Stochastic showing bearish divergence. There is some resistance at this level with it being testing it 4 times, we are now at the apex of an ascending triangle. The target projected from the triangle measurement is just above the 38.2% FIB level, this are should provide support to a move down before possibly ...

LeeThompson97 LeeThompson97 EURGBP, D, Short ,
EURGBP: GBP/EUR Descending Triangle & Regular Divergence
75 1 3
EURGBP, D Short
GBP/EUR Descending Triangle & Regular Divergence

Price is currently at the top of a descending triangle.. my bias is that price will break to the downside. Look for the close on the daily timeframe, if price does not break the top and instead shows a reversal candle use the counter trend line (4 hourly) to enter. On the 4 hour time frame there is also regular divergence visible, further suggesting a sell.

LeeThompson97 LeeThompson97 GBPEUR, D, Long ,
GBPEUR: GBP/EUR Ascending Triangle Formation
87 0 2
GBPEUR, D Long
GBP/EUR Ascending Triangle Formation

Clear ascending triangle pattern recognisable on daily and weekly timeframes, there is a bullish bias using the 3 drives pattern. With this in mind, and the recent rejection of the lower support line, use a break of the counter trend line to confirm the trade. Ideally price should eventually break out at the to of the triangle, however expect a retest of the lower ...

hollinrj hollinrj NZDUSD, 30, Long ,
NZDUSD: NZD/USD Bullish triangle breakout
47 0 1
NZDUSD, 30 Long
NZD/USD Bullish triangle breakout

Following on from my NZD/USD Long idea published a couple of days ago on a weekly chart, as NZD/USD is now trending upwards as predicted earlier to me I can see an ascending triangle just after the NFP, with my working out as seen in the chart, the price range made my he NFP could continue after the triangle breakout.

LorbeerInv LorbeerInv PRO EURUSD, 240, Long ,
EURUSD: Bull trap or breakout?
28 0 1
EURUSD, 240 Long
Bull trap or breakout?

Possible Euro rally towards 2nd round or french elections. After the breakout of this years high prices the Euro has technical and fundamental potential to continue its rally. Especially if polls are in favor of Macron. Looking at the most recent price action I position my PTF long after a potential triangle breakout

Jackgavin Jackgavin PRO USDJPY, 60, Short ,
USDJPY: USD/JPY short
35 1 1
USDJPY, 60 Short
USD/JPY short

Price currently in a symmetrical triangle. Price has stalled at the 50 EMA and now looks to have broken it. RSI looks to be moving back below the 50 mark. Waiting for the pattern break to take 80% of the MPO which coinsides with a previous strong level for me.

SilverTrader925 SilverTrader925 PRO EURNZD, 240, Short ,
EURNZD: EURNZD Short
15 0 1
EURNZD, 240 Short
EURNZD Short

This descending triangle has been setting up for weeks now, wait and see how it reacts around the 1.52 area if it breaks target support at 1.51 if it can get through here it has a long way to go down.

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