A falling channel pattern in technical analysis shows a downtrend with parallel, downward-sloping support and resistance lines connecting lower highs and lower lows, indicating potential price movement within this channel, Recently broke out wait above the resistance line as a bullish signal.
A falling channel pattern in technical analysis shows a downtrend with parallel, downward-sloping support and resistance lines connecting lower highs and lower lows, indicating potential price movement within this channel, Recently broke out wait above the resistance line as a bullish signal.
A falling channel pattern in technical analysis shows a downtrend with parallel, downward-sloping support and resistance lines connecting lower highs and lower lows, indicating potential price movement within this channel, Recently broke out wait above the resistance line as a bullish signal.
$BTC $btc broke out the up word , All details given in the last post .
Daya11
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$BTC {future}(BTCUSDT) BITCOIN: 103K OR 72K ?
Read Carefully before any act .
$btc is forming a SYMETRICAL TRIANGLE pattern !
We have 4h chart for the analysis , lets dive .....
A symmetrical triangle is a neutral chart pattern in technical analysis showing market consolidation, formed by converging trendlines (one is as a resistance, and another is as a support) connecting lower highs and higher lows, indicating indecision before a breakout in the direction of the prior trend . It signals decreasing volatility as buyers and sellers reach in equal state , with traders waiting for a decisive price move above resistance or below support, usually confirmed by increased trading volume, to determine the next trend.
Key Characteristics: 1. Trendlines: An upper resistance line (downward sloping) meets a lower support line (upward sloping). 2.Lower Highs & Higher Lows: Price action creates a series of lower highs and higher lows. 3.Continuation Pattern: Often suggests the prior trend will resume after the breakout.
How it Works? Formation: The price moves between the lines (Consolidation).
Breakout: Wait for the price to the break through either the upper or lower trendline.
Volume Confirmation: A real breakout is depend on a significant increase in trading volume.
Price Target: Measure the height of the triangle at its widest point and project that distance from the breakout point to estimate the potential price target.
Bullish: Breakout above the top line, often continuing an uptrend.
Bearish: Breakout below the bottom line, often continuing a downtrend or signaling a reversal.
We have 4h chart for the analysis , lets dive .....
A symmetrical triangle is a neutral chart pattern in technical analysis showing market consolidation, formed by converging trendlines (one is as a resistance, and another is as a support) connecting lower highs and higher lows, indicating indecision before a breakout in the direction of the prior trend . It signals decreasing volatility as buyers and sellers reach in equal state , with traders waiting for a decisive price move above resistance or below support, usually confirmed by increased trading volume, to determine the next trend.
Key Characteristics: 1. Trendlines: An upper resistance line (downward sloping) meets a lower support line (upward sloping). 2.Lower Highs & Higher Lows: Price action creates a series of lower highs and higher lows. 3.Continuation Pattern: Often suggests the prior trend will resume after the breakout.
How it Works? Formation: The price moves between the lines (Consolidation).
Breakout: Wait for the price to the break through either the upper or lower trendline.
Volume Confirmation: A real breakout is depend on a significant increase in trading volume.
Price Target: Measure the height of the triangle at its widest point and project that distance from the breakout point to estimate the potential price target.
Bullish: Breakout above the top line, often continuing an uptrend.
Bearish: Breakout below the bottom line, often continuing a downtrend or signaling a reversal.
$LINK LINK: BEARISH- HEAD & SHOULDER PATTERN WILL PLAYOUT?
Yes , exactly mentioned in the title $link is preparing head and shoulder pattern in the 4h chart pattern . Lets dive into chart analysis , READ ALL BEFORE ANY COMMENT
Before that - Do Your Own research before taking any action , #NFA (disclaimer)
Note - This pattern is not complete , Rules and instructions is mandatory.
Here's a Rules on how to effectively trade using this pattern:
1.Wait for the pattern to fully form before trading to avoid false signals. 2.Identify the key components of the pattern-three peaks and troughs, with the head higher than the shoulders, connected by a neckline. 3.An open a position only after the neckline is breached, confirmation is must . 4.The head and shoulders pattern target can be calculated by measuring the distance between the head and neckline. 5.Put the stop-loss above the neckline as per your strategically to manage risk.
Do not open a position before break out and confirmation .
If the price bounce from the neckline , The pattern will INVALID.