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Symmetrical Triangle

Bitcoin's Symmetrical TriangleBitcoin is forming a symmetrical triangle on the 4H. As can be seen it bounced perfectly during the dump and I might be looking for a long opportunity somewhere in the green area. If we bounce of course, if not, it may offer a opportunity to short but I'll pass that one probably. If we break up the technical target is around 68K, if we break down the technical target is at around 53K (which I don't hope for but wouldn't be something extraordinary) Bear in mind that we haven't had a real correction ever since the 40K level of september ;) Let me know what you think
FTX:BTCPERP
by Awinish
Banknifty analysis - logic and planEXPLANATION : This is a 15 min time frame chart of BANKNIFTY . It has been in a consolidate for days and has formed Symmetrical triangle pattern . If give a strong breakout and broke its trendline with volumes and has retested the same. I am bullish on BANKNIFTY . If give a strong breakdown and broke its trendline with volumes and has retested the same , I am bearish on BANKNIFTY . Enter as per your setup . A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the start of a new bullish trend . If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:BANKNIFTY
by pranav_nanavare
HDFC AMC case studyHDFC AMC spot CMP :- 2780 Study :- Elliot wave + Chart Patter + Price Action Time Frame :- Weekly Symmetrical Triangle structure formation on weekly time frame, with demand line around current levels. Demand zone as per price action, retest of previous breakout levels, basing formation. Elliot wave :- Counter is trading in minor intermediate wave iii of major wave 3, current price levels have confluence demand levels as per price action and chart pattern. continuation of intermediate wave iii can be seen from current levels.
NSE:HDFCAMC
by RUDRA007
2
Levels for - 25 Oct 2021EXPLANATION : This is a 2 hour time frame chart of TATAMOTORS . The stock has been in a consolidate for days and has formed symmetrical triangle pattern . If give a strong breakdown and broke its trendline with volumes and has retested the same , I am bearish on this stock . If give a strong breakout and broke its trendline with volumes and has retested the same. I am bullish on this stock . Enter as per your setup . A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the start of a new bullish trend . If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:TATAMOTORS
by pranav_nanavare
2
MAHINDCIE, A morning star appearedif you club the price action of the two recent candles (22nd and 23rd) as one single candle i think we have a valid morning star. 1. price is above long term moving averages of 150 and 200 SMA ✔ 2. Price is not above short term moving average of 50 SMA ❌ 3. Uptick in RSI ✔ 4. MACD Ok ✔ 5. price breaking out from triangle pattern ABC ✔ 6. above average volumes ❌ It looks like a good risk-reward trade. More conservative approach maybe to see better volumes. Price penetrating and closing below the lower parallel line of the pitchfork will mean the idea has failed. **I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
MLong
by NNiveshak