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Trianglepattren

Microsoft - Correction Is Not Over Yet!Microsoft ( NASDAQ:MSFT ) can still drop a little lower: Click chart above to see the detailed analysis👆🏻 It seems like the correction on Microsoft is not over yet and following previous price action and market structure, a move back to the previous triangle breakout level seems to be quite likely. However Microsoft still remains in an overall bullish market so looking for long setups is best. Levels to watch: $350 Keep your long term vision, Philip (BasicTrading)
NASDAQ:MSFTLong
by basictradingtv
Tesla - Possibility Of A BreakoutNASDAQ:TSLA can break out soon: Over the past two weeks we saw an incredible stock market rally and also Tesla completely reversed the flash crash which we saw in the beginning of August. It is still quite possible that Tesla will break out of the long term triangle and immediately head back to the previous highs. Levels to watch: $230, $400 Click chart above to see the detailed analysis👆🏻 Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
Tesla - Go Long NowHello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: After the massive triangle breakout in 2020 and a rally of +1.500%, Tesla has been moving sideways for over two years now. Tesla stock is currently creating a triangle formation as well as a flag pattern. I am personally waiting for a clearer setup on Tesla before I will take longs - either a triangle breakout or a retest of the lower support of the flag mentioned in the analysis. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
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by basictradingtv
23
BAJAJ FINSERVHello & Welcome to this analysis Stock appears to have gone into a triangle correction since its OCT 2021 high and could be currently in its iii leg. Immediate resistance at 1490-1510, above that 1600 and then a bigger one near 1750. While support comes in at 1460, below that 1400 and v crucial trendline support at 1300, failure to hold that would drift this stock into a medium term deeper correction else range bound between 1350-1750 for quite some is highly probable Happy Investing
NSE:BAJAJFINSV
by Dinesh_C_Nagpal
How To Trade the Triangle Consolidation Pattern!Hey Traders today I wanted to take a step back and show new traders the proper way of entering the market when it's consolidating in a triangle. Triangles are very common in trading and know how to identify them on your charts is a great tool to add to your trading arnsenal. Triangles can lead to explosive moves in financial markets so lets dive in and break it down to a science of how to trade it. Enjoy Trade Well, Clifford
CEducation
by TradetheFuturesCharts
36
Trends and Triangles; The outlook of 2023So this is a longer video, as I discuss more than just the current market, but where I foresee price action heading into at least the first half of the year, and why. I apologize for the painful observance of me trying to switch around on time charts, I'm still getting used to TradingView at times and so it is certainly my issue of being unfamiliar and learning while recording. My current trade is a short at 4013, and I had believed that the CPI data would spike us up, I didn't really see the spike on that data. Another trader mentioned that perhaps the weekly surge was a prespike on the CPI data we already had, and I can certainly agree with this sentiment. Once I was sure we were failing to get new highs, I went short. My reasoning for going short, as stated in the video, is that our last 4hr (and 3hr and 6hr) uptrends are all lower highs and are downtrending. We've violated these lower highs for some time now, and I believe price is going to correct itself to pick up at least the 4hr downtrend now. That 4hr downtrend will likely, without some sort of spike reversal, hit around 3900. When it does hit, it will be a lower low based on the previous downtrend at 3980ish. I'll then be looking to see if the 6hr trend will also correct itself at that point. The trends for today are as follows; Last Macro Trend Signal Spots 30m - 3970 Downtrend (1/12/2023) Higher Lows 1Hr - 3970 Downtrend (1/12/2023) Higher Lows 2Hr - 3948 Uptrend (1/11/2023) Higher High 3Hr - 3877 Uptrend (12/29/2022) Lower High 4Hr - 3877 Uptrend (12/29/2022) Lower High 6Hr - 3913 Uptrend (1/6/2023) Lower High 12Hr - 3993 Uptrend (1/11/2023) Lower High Daily - 3810 Downtrend (12/28/2022) Lower Low Weekly - 4366 Downtrend (2/14/2022) Higher Low So, now for the longer analysis. As I'm sure we've all done, we see the downtrend of the top of price action of 2022. We attempted to break that downtrend at around 4000 here and again failed (so far, and it appears we are headed south if this price action continues into the open). I believe this rally was mostly based on people who decided that they think that by year end we will be higher, and so they bought back into the market, and don't plan to trade again until the end of the year when they hope there is a moderate return on investment like normal with the S&P (and there most likely will be). Most strong trend lines are broken within the 20-25% range of their whole. So for the downtrend in price of 2022, we started at 4800 and ended at 3600, all momentary peaks and plummets aside (I switch the line graphs to remove such clutter). The difference of the peak and base there is 1200, 25% of 1200 is 300, so therefore it is likely we can't break this downtrend in price action until we hit against it at 3900 or below. All that to be said, better luck next time Bulls. On a more Economic Data analysis level, even with cooling inflation, we failed to make new highs. I believe fundamentally this is because at some point, the conversation is coming away from, "Zoinks, inflation and FOMC Rate Levels are driving the market!!!" to "Flustering forecasts, are we going to have a recession?!" Basically, markets have not prepared, priced in, and completely braced, for the pain that the rate hikes and slowing economy is going to have on valuations of stock prices. Now, I am not 100% in the camp that we will make new lows. I saw a trendline that developed over a decade that went from resistance to support and hit around 3530-3550 early last year, and called for us to bounce off that price action. Well, we saw that rally occur, and it occurred off bad inflation data when there was no reason for the market to rally otherwise. Therefore, I won't see us finding new lows until we break, and hold (as in for about 3 days or more), below that line. So in the mean time, I expect price action to range from around 3600-4000 (and the higher range is dropping as this downtrend price action continues to descend). Hope you found the longer video and longer transcript here helpful. My current sentiment is; Shorter Term - Bearish Short Term - Bearish Medium Term - Bearish Long Term - Bearish/Neutral
CShort
by SemperTrader
7
PARAGMILK : Stock AnalysisPARAGMILK declining Weekly: its declining since many weeks and making LH LL pattern Daily : Tried to go up but after forming double top its rejected and now trading near resistance zone. its trading in triangle pattern. Hourly : Formed mother candle and now trading inside it. whenever break UP/Down side its good to enter trade. Our daily zone is near 88-92 and can go till 126-130 if able to break up side. So best R:R. Study at your end this is just my personal view and it can be wrong 100% Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing First Learn and then remove "L"
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by ChartsSpecialist
2
Triangular Apex TheorySo, some boredom just watching the market develop any short-term direction, and was messaging with a few other traders. Had a few people ask me for a more in-depth explanation on the whole triangle apex theory thing. I run through the last triangle we were in, and this current one, and break down the math involved in using them. I'd say they tend to be over 80% correct, and usually when they don't work out, I find that it was my own error. I again, don't trade off of these. I trade off of trends, but like any indicator, I use them to assist in my trading. So, feel free to just look at it as another tool in your toolbox that you can use as a guide in your own trading strategy. Disclaimer - This is not Official Financial or Investment Advice.
C
by SemperTrader
KRBL Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. Take trade if all conditions meet at the end of the day 3:15-3:30 PM. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
NLong
by Chartmaniac
DJI LONG Until January 2024? *TrickyTriangle Gannzilla 35741.16 Bermuda Bahama bears run from the drama! Bull Market has picked up more steam a bull breeding pen in Pamplona. Watch out brittle European Bear, the American Bull will not be sitting dinner. Combined with Gann technicals and weekly triangle pattern, the current, uptrend is on. Macro setup from higher lows on the monthly chart indicates promise for a MAJOR 3 year continuation of the current (11 year bull swing ) on Dow Jones Industrial Average $DJI WOW. Bull market in full swing 2021.
TLong
by tazerfleece
1