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Ascending Triangle

Bank Nifty Trade Setup (24-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. So today BNF Opened gap up and unable to sustain the gap again as happening from last week and keep in consolidation. From price action this is forming a ascending triangle and price is moving in wave as plotted in chart. Today BNF Took Support near lower trendline and for tomorrow setup i will keep these things in mind: 1.) Price is moving in wave which might move up from this level to the upper ATH level. If opens flat and price sustains i will initiate CE Buy trade. 2.) If opens gap down or doesn't sustain the opening 15 minutes i will Take PE Buy for Next near Support (43730-43700). 3.) If Opens gap up between this triangle i will wait for price action to form and then trade accordingly. Also on Break of this Pattern on either side will be a good move. so will try to have some patience and will not buy aggressively. also will stop loss less than 35 points as if there will be good move even 35 points stop loss doesn't trigger as it does in sideways when there is price manipulation. Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:BANKNIFTY
by TradeInsights
Nifty Trade Setup (24-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. Today as expected and posted in yesterday's analysis Nifty opened Gap up and even tried to sustain the gap but failed as price action went flat for whole day and at close when i checked it rejected today's highs. For tomorrow i will trade keeping these things in mind: 1.) Today's CPR was virgin CPR and it might test it and may take support near it. 2.) From price action it's in wave in ascending triangle which took support and lower trendline. 3.) If market opens flat and hold 15 min candle about it i will buy CE for target of Today's High. 4.) If market opens gap down and took support at today's Virgin CPR will look for buying CE near this support For target for Today's Open (18365) as that will act as resistance now. 5.) If market opens gap up between triangle then will wait for price action if it breaks this pattern on either side and according to it i will trade. Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:NIFTY
by TradeInsights
I Cannot cannot Short This !!! situation+next targets.The USDJPY is in a Bullish phase by Ascending Triangle & Cup & Handle. 🌟 Bullish signals are: - Bullish Cup & Handle - Dynamic Support zone - Pivot S1 weekly - Ascending Triangle ❗ and the Upward signals of market momentum are: - The Bottom of the Bollinger band ⭐ Note if the Triangle or cup & handle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
26
SPX: Many Powerful Patterns | Complete Trend Analysis.• The SPX did a Double Bottom chart pattern, just above the 4,048 support area, indicating that it is poised to seek higher levels from here; • The trend is still bullish, and only if it performs a clear lower high/low we would see this changing – meaning, if the index is about to reverse, the confirmation will come if it loses the 4,048; • For now, it appears it is seeking the next resistance at 4,195. There’s no bearish reversal structure or top signal indicating that it would frustrate this bullish momentum yet. • In the weekly chart, it seems the index is inside an Ascending Triangle chart pattern. By breaking the 4,195 (the next technical resistance seen in the daily chart), the index will trigger a powerful bullish reversal pattern; • The previous 2 candlestick patterns are Hammers, with long shadows under their bodies, which reinforces the bullish sentiment; • Again, the index would have to lose the 4,048 in order to frustrate this sentiment. So far, it is still a bull trend. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
SP:SPX
by Nathan_The_Finance_Hydra
GBPUSD - New Buying Opportunity !Hey Traders 💖 On The Daily Time Frame The GBPUSD Price Reached a Key Level (1.24482-1.25258) The Price broke and closed below a key daily structure support . The GBPUSD Formed an Ascending Channel, Currently The Price is Testing The Support Line of The Channel ! if price stays above the key zone, GBPUSD can continue the bullish move ! ----- TARGET 1: 1.24985🎯 TARGET 2: 1.26195🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Long
by Hsan_BenAhmed
1
ACHV preparing to Reverse SHORTACHC previously ran up in a high tight flag pattern in my previous idea. It has been slowly ascending in a narrowing channel. ( ascending wedge) There has been a little push in volume on the indicator as price has approached the upper boundaries of the channel. The average directional index has decreased into the " chop zone" where consolidation and lack of direction describes the price action. I see this an an opportunity for a short entry. I will watch things on the 1 and 5 minute charts for the best entry possible and the ride this volatile biotechnology stock a long as possible.
NASDAQ:ACHVShort
by AwesomeAvani
The end of bear market? SPX is pointing to a bull market trend.The analysis provided suggests that the SPY (SPDR S&P 500 ETF Trust) has broken out of a falling wedge pattern that began in January 2022 and is now on the verge of breaking out of an ascending triangle pattern. The falling wedge pattern is typically a bullish continuation pattern, while the ascending triangle is also a bullish pattern that signifies a potential continuation of an upward price trend. Additionally, the analysis notes that triangle patterns are often observed following strong and extended price trends, as buyers and sellers test the new price of a stock and become more or less aggressive over time. Ascending triangles are considered to be bullish signals, indicating a potential continuation of the upward price trend, while descending triangles are considered to be bearish signals, indicating a potential reversal of the upward price trend. Based on the analysis provided, the expectation is that the SPY will continue its bullish trend and break out of the ascending triangle pattern. However, the analysis also mentions the possibility of a seasonal push down in September/October, which may cause a temporary dip in the price of the SPY. Nonetheless, the analysis suggests that this dip will not push the SPY back into bear territory. To further expand on this analysis, it's important to consider other technical indicators and market factors that could impact the SPY's price movement. For example, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are popular technical indicators that can help confirm bullish or bearish trends and potential price reversals. Additionally, market news and events, such as economic data releases, corporate earnings reports, and geopolitical tensions, can also impact the SPY's price movement. Furthermore, it's important to note that technical analysis is not infallible, and there are always risks and uncertainties associated with investing in the stock market. It's essential to conduct thorough research and analysis, diversify your portfolio, and consult with a financial advisor before making any investment decisions.
SP:SPXLong
by uoi2020
11