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Triangle

Is MYROUSDT Ready for a Breakout or Headed for a Breakdown?Yello, Paradisers! 🧐 Are you ready for a potential breakout or are we on the brink of a fake-out? Let’s dive into the latest MYROUSDT setup and what it means for your next move. 💎MYROUSDT has flashed a bullish Change of Character (CHoCH) and has broken out of a right-angle triangle pattern with bullish divergence—an early sign of strength. But what’s next, and how should we position ourselves to play this smartly? 💎If MYROUSDT breaks out and closes a candle above resistance zone, it will significantly increase the probability of a bullish continuation. 💎In the event of a retracement, a bounce from this area would align with maintaining bullish momentum. However, to add confidence to this setup, we need to spot a bullish internal CHoCH on lower time frames as confirmation. 💎Should the price break down and close a candle below the support zone, our bullish thesis would be invalidated. In that case, it’s crucial to step back and wait for more favorable price action to develop rather than jumping in prematurely. Patience is not just a virtue but a tool. Wait for clear signals and keep your risk management tight. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
1
DOTUSDT: Ready for a Big Breakout or Sudden Drop?Yello Paradisers! Is DOTUSDT about to make a breakout move that will catch traders by surprise? Let’s break down what the charts are saying right now 👇 💎DOTUSDT is shaping up an intriguing pattern with an inducement and the formation of a descending triangle, which suggests a potential bullish breakout on the horizon. 💎If DOTUSDT breaks out and closes a strong candle above the resistance zone and trendline, this would signal a higher probability of an upward move. This is the confirmation many are waiting for before taking action. 💎Should DOTUSDT pull back, watch for a bounce from the support zone. This could set up a potential double bottom pattern. To strengthen your conviction, look for a bullish I-CHoCH (Internal Change of Character) on the lower timeframes as further confirmation. 💎If the price breaks down and candle closes below the support zone, it would invalidate the bullish outlook. In this case, the best approach would be to remain patient and wait for more reliable price action to develop before making any moves. 🎖Stay vigilant, Paradisers. Discipline and patience in analyzing confirmations are what set apart profitable traders from the rest. Always wait for the highest probability setups to increase your success rate in this volatile market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
ARBUSDT: Will This Key Support Hold or Trigger a Reversal?Yello, Paradisers! ARBUSDT has formed a descending triangle pattern accompanied by bullish divergence, and the current price rests within a key support zone, heightening the potential for an upward move. 💎If ARBUSDT shows an I-CHoCH (internal change of character) or develops bullish formations like a W-pattern or inverse head and shoulders from here, the likelihood of an upward move increases significantly. 💎A more secure signal would be a breakout with a candle close above the resistance zone. However, don’t overlook BTC’s price action — it’s crucial for validating any breakout's strength. 💎If the price breaks down and closes a candle below the support zone, it will invalidate this bullish outlook. In that scenario, patience is key; wait for a more favorable structure before making a move. 🎖 Remember, trading smart means adapting to new data and preserving capital. Stay disciplined and vigilant, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
2
Breaking Out of Falling Wedge and Symmetrical TriangleNSE:SYRMA is breaking out of Falling Wedge and Symmetrical Triangle Breakout on Weekly TF. With 2nd Best Weekly Volumes. NSE:SYRMA is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization. Recently it posted good Q2 FY 24-25 Results, posting a 30% Y/Y rise in Q2 consol profit after tax. The auto and healthcare businesses led growth in Q2 and will drive future growth further ahead. Also, expect a recovery in margins fuelled by higher exports and design and manufacturing businesses. NSE:SYRMA faces margin challenges as the consumer segment, which comprises 35%—38% of topline, operates with lower margins, and they are aiming to lower the segment's share further. One can wait for a retracement or ride the momentum with the current week candle as stop loss. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:SYRMALong
by Karanshah137
2
MN HOLDINGS - Potential of making Bullish Symmetrical Triangle ?MN HOLDINGS - Current Price RM0.920 In long term the stock is still UPTREND as it is above 200-day EMA. In short and medium term, the stock is in sideway/consolidation. The declined from 12 Aug 2024 (high RM1.12) to 29 Aug 2024 (low RM0.820) is due to weak market sentiment and profit taking activity. At current situation, the stock have a potential of making Bullish Symmetrical Triangle. If price made a breakout above the pattern, then it will trigger a buy signal (as it is viewed as Bullish Continuation Pattern). However, at this current moment there is no buy signal yet. As such, we may keep this stock in wacthlist. For ICHIMOKU CHART traders, the price is trading within the CLOUD (indicates sideway) and the CHIKOU SPAN is still below CANDLESTICK and CLOUD (no bullish scenario yet). If the price make new high above the CLOUD or the CHIKOU SPAN crosses up above CANDLESTICK & CLOUD, then it is viewed as bullish scenario. At that moment, ICHIMOKU CHART traders may anticipate to buy at best entry price. Notes : MN HOLDINGS is a good FUNDAMENTAL company and also a sub-con to TENAGA NASIONAL BHD. On 01 November 2024, HONG LEONG INVESTMENT BHD give a fundamental target price of RM1.60. However, as a CHARTIST/TECHNICIAN, we look for a buy signal based on Technical Analysis.
MYX:MNHLDG
by IMRAN_96
1
The Symmetrical Triangle: Real Success Rates + Breakout.The Symmetrical Triangle: Real Success Rates + Breakout. The symmetrical triangle is an important chart pattern in technical analysis, deserving special attention from professional traders. This formation is characterized by a convergence of prices between two trendlines, one descending and the other ascending, creating a consolidation zone where indecision between buyers and sellers is palpable. Statistical Analysis Empirical data reveals that the success rate of the symmetrical triangle for a trend continuation is approximately 54%. This percentage, although higher than 50%, underlines the importance of a cautious approach and rigorous risk management in using this pattern. Breakout Point The breakout of the symmetrical triangle usually occurs when the price has traveled approximately 75% of the distance to the apex. This point is crucial for traders, as it often represents the moment when volatility increases and a new trend can be established. Risks and False Exits It is essential to note that the symmetrical triangle has a relatively high rate of false exits. Statistics indicate that approximately 13% of cases in a bear market can result in a false exit to the bottom. This phenomenon underlines the need for additional confirmation before entering a position. Strategy of use To effectively exploit the symmetrical triangle, professional traders must: -Identify the formation accurately. -Wait for the breakout near the point of convergence of the trendlines. -Confirm the breakout with other technical indicators or an increase in volume. -Put in place strict risk management to protect against false exits. In conclusion, the symmetrical triangle, although being a valuable tool in the trader's arsenal, requires a methodical approach and a thorough understanding of its characteristics to be used effectively in a trading strategy.
BINANCE:BTCUSDEducation
by Le-Loup-de-Zurich
BALKRISIND Descending Triangle Pattern NSE:BALKRISIND Chart Patterm : Descending Triangle pattern. 📉 Descending Triangle Pattern 📉 The Descending Triangle is marked by a series of lower highs and a relatively flat support level. It’s typically a bearish continuation pattern, suggesting the price might break below the support level after the consolidation phase. Possible Targets Based on the Pattern: 🔻 Breakdown Target: If the stock breaks below the support level around ₹2779.00, the target can be estimated by measuring the height of the triangle and subtracting it from the breakdown point. The height of the triangle is approximately ₹596.00 (₹3375.00 - ₹2779.00). Therefore, the breakdown target would be around ₹2183.00 (₹2779.00 - ₹596.00). 🚀 Breakout Target: If the stock breaks above the resistance level around ₹3080.20, the target can be estimated by adding the height of the triangle to the breakout point. Therefore, the breakout target would be approximately ₹3676.20 (₹3080.20 + ₹596.00). 📢 Disclaimer: This is not financial advice. Please do your own research before making any investment decisions. The views expressed here are for educational purposes only. Happy trading! 📊✨
NSE:BALKRISIND
by vkj123
CDSL - Descending TriangleNSE:CDSL 📅 Date : 14-10-2024 📉 Chart Pattern : Descending Triangle 🕒 Time Frame : Daily Chart 💹 CMP : 1518 Buy Above : 1525 🎯 Targets : 1840 (3 Months) 🔻 Stop Loss Level : Closing Below 1465 How does the descending triangle pattern form? A descending triangle pattern shows the behavior of sellers. It describes sellers as more aggressive than buyers, causing prices to fall and make continuous lower highs. This trend indicates weakening demand for the security, but a horizontal line prevents the price from dropping further. The price keeps declining for a while but does not cross the support line. When the price reaches the breakout point, it starts declining, signaling the start of a bearish trend in the security. The lower highs indicate increased selling pressure, responsible for a bearish trend. Disclaimer: I am not a SEBI registered analyst. The charts and levels are posted for educational purposes only and are not recommendations. Please consult your financial advisor before trading or investing. I am not responsible for any gains or losses you may incur. Happy trading! 📊🚀
NSE:CDSLLong
by vkj123
11
Symmetrical Triangle Setup With Consolidation about to BlastNSE:INDIGOPNTS on the Weekly timeframe is making a Symmetrical Triangle setup that can break on the upside because the price has been consolidated for the past 14 weeks in a Narrow Range after Getting Accumulated Near the Key Zone, Followed By a Volume Blast. A Close or Breakout of the Setup Next Week will be confirmed if Followed by Similar Volumes. Keep this on your Watchlist. Meanwhile, Check out my other stock ideas below until this trade gets activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:INDIGOPNTSLong
by Karanshah137
2
CCL Products (India) Ltd Looks Good!Script - NSE:CCL Pattern: Symmetrical Continuation Triangle The recent price movement indicates a breakout from a consolidation phase, signaling a probable continuation of the previous uptrend. In a Bullish Symmetrical Continuation Triangle, there are two trendlines converging as prices form lower highs and higher lows. During this consolidation, trading volume typically decreases as the price fluctuates within a tightening range, reflecting uncertainty among market participants. However, prior to the triangle's apex, there's a significant breakout above the upper trendline accompanied by a notable surge in trading volume. This breakout confirms the pattern as a continuation of the uptrend observed before the consolidation phase. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:CCL
by hardeepssethi
DMART for 35% (approx..) Potential GainAvenue Supermart is showing a potential breakout on symmetrical triangle pattern. its sales also increasing QOQ and PBT as well. ( www.screener.in ) All data is available in public domain.. CMP : 4300 TG : 5600 SL : Below 21 day EMA Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support : Volume, Delivery & VWAP. 3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. 5: Timing : Entry Timing on daily chart. Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
NSE:DMARTLong
by SthitaprajnaYogi
5