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Actual Success Rates of Ascending and Descending TrianglesActual Success Rates of Ascending and Descending Triangles Here is an analysis of the actual success rates of ascending and descending triangles in trading, based on the information provided: Success Rates Ascending and descending triangles generally have fairly high success rates as continuation patterns: -The ascending triangle has a success rate of approximately 72.77%. -The descending triangle has a slightly higher success rate of 72.93%. These numbers come from a study that tested over 200,000 price patterns over a 10-year period. Factors Influencing Success Several factors can influence the success rate of these patterns: -The trader's ability to execute the strategy correctly -Market conditions at the time the triangle formed -Market liquidity -Overall market sentiment Important Points to Consider -Triangles are considered reliable continuation patterns, especially in trending markets. -The ascending triangle in an uptrend is statistically more reliable than the descending triangle. -To validate the pattern, the price must touch at least twice each of the upper and lower lines. -An increase in volume during the breakout is an important confirmation sign. Strategies to improve the chances of success -Wait for the triangle to fully form before entering a position1. -Confirm the breakout with a close above/below the resistance/support level. -Use additional technical indicators to confirm the signal. -Pay attention to the volume, which should increase during the breakout. Conclusion Although ascending and descending triangles have relatively high success rates, it is important to use them in conjunction with other technical analysis tools and to take into account the overall market context to maximize the chances of success.
COINBASE:BTCUSDEducation
by Le-Loup-de-Zurich
3
IMPORTANT Macroeconomics: What is the trade balance?IMPORTANT Macroeconomics: What is the trade balance? The trade balance is an important economic indicator that can have a significant influence on the stock markets. Here is a simple explanation of this concept and its potential impact: What is the trade balance? The trade balance represents the difference between the value of a country's exports and imports over a given period. In other words: - If a country exports more than it imports, its trade balance is in surplus (positive). - If a country imports more than it exports, its trade balance is in deficit (negative). Impact on the stock markets The influence of the trade balance on the stock markets can vary depending on whether it is in surplus or deficit: Trade balance surplus A trade surplus can generally have a positive impact on the stock markets: - It indicates strong competitiveness of domestic companies in international markets. - It can strengthen the value of the national currency, which can attract foreign investors. -Exporting companies may see their shares increase in value. Trade deficit A trade deficit can have a negative impact on stock markets: -It can indicate a weakness in the domestic economy or a loss of competitiveness. -It can weaken the domestic currency, which can discourage foreign investors. -The shares of companies dependent on imports may be negatively affected. Important nuances It is crucial to note that the impact of the trade balance on stock markets is not always direct or predictable: -Overall economic context: Other economic factors can attenuate or amplify the effect of the trade balance. -Investor perception: The reaction of the markets often depends on how investors interpret the trade balance figures in relation to their expectations. -Specific sectors: Some sectors may be more affected than others by changes in the trade balance. In conclusion, although the trade balance is an important indicator, its influence on stock markets must be seen in the broader context of the economy and investor sentiment.
BITSTAMP:BTCUSDEducation
by Le-Loup-de-Zurich
LVMH: Bullish: Butterfly detected.LVMH: Bullish: Butterfly detected. The price could go down to the PRZ zone indicated on the right chart: 512 to start, then 388 if the Double top plays its role. This will therefore be a very interesting entry point for investors. Below: Some information about LVMH. LVMH (Louis Vuitton Moët Hennessy) is today the world leader in luxury and one of the largest French companies. Here’s a look at where LVMH stands today: Recent Financial Performance LVMH recently announced its third-quarter 2023 results, which missed analysts’ expectations This announcement caused a significant drop in the stock price, which is down more than 20% from its record highs Market Position Despite these mixed results, LVMH remains the world’s largest luxury company, with a portfolio of iconic brands including Louis Vuitton, Dior, Givenchy, Kenzo, Moët & Chandon and many others Structure and Values LVMH is a family-owned group founded in 1987. Its primary mission is to ensure the long-term development of each of its houses, while preserving their identity and autonomy. The group emphasizes creativity, innovation and excellence in all its products and services. Corporate Strategy LVMH's strategy is based on the vertical integration of its value chain, from raw material sourcing to selective distribution. This approach aims to ensure the excellence and sustainability of its products. Social and Environmental Responsibility LVMH is increasingly committed to ethical, social and environmental initiatives. The group places emphasis on adopting and promoting honest behavior in all its actions and relationships. Future Outlook Despite recent challenges, LVMH remains a solid company with long-term growth potential. , like any company in the luxury sector, it is sensitive to global economic fluctuations and changes in consumer habits.
EURONEXT:MC
by Le-Loup-de-Zurich
BITCOIN: Double top possible + NAVARRO 200 : Watch out!! BITCOIN: Double top possible: Watch out for 48,000 + NAVARRO 2000 bullish = 2 opposing patterns. The Wolf of Zurich detected a possible double top on bitcoin As expected, the 56,400 was reached perfectly thanks to my analysis. The next levels are: On the decline : 56,425 (again) 48,000 40,770 On the rise: NAVAROO 200 bullish detected, and the price could reach $72,000 then $80,000 In addition, Be careful because there is a bullish divergence with the ROC!! To watch the EMA 50 and 200, and the ICHIMOKU and Fibonacci levels
COINBASE:BTCUSDShort
by Le-Loup-de-Zurich
ETH : Bullish possible - SHARK detectedETH : Bullish possible - SHARK detected A harmonic pattern named "SHARK" has been deteted. These patterns are used especially by ALL the professional traders, Hedge funds, banks etc... The Potential Reversal Zone ( PRZ) has been reached ( white rectangle). Then the price can go to the targets mentionened on the graph : 3 305 - 3 425 - 3 620$ However the rising wedge bearish is still valid!! Then pleaqse watch the EMA.200 ( Daily). Be safe.
Long
by Le-Loup-de-Zurich
ICICI BANK : Bearish - Rising Wedge detected, and Double TOP ?!ICICI BANK : Bearish - Rising Wedge detected, and Double TOP possible. To monitor: The exponential moving averages 50 (in pink) around 991 , and the exponential moving average 200(in white) around 793. A possible Double Top is detected. + there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of an underlying! So a bearish return is possible Be safe!
NSE:ICICIBANKShort
by Le-Loup-de-Zurich