Tags » Symmetrical Triangle

Silver: Ready to break a symmetrical triangle

On the global front, the silver maintained its strong momentum following investors and funds buying after recent sharp sell-off, though some caution prevailed ahead of Friday’s US Non-farm payroll data. 207 more words


Oats, 4/1/15

ZO, Short, Symmetrical Triangle
Entry: 267.25
Stop: 275
Target: 240
Risk/Reward Ratio: 3.52

2-month symmetrical triangle pattern. With the 3 month downtrend before the symmetrical triangle, believe this breakout can be a possible continuation of the downtrend. 20 more words


Natural Gas, 3/26/15

NG, Short, Symmetrical Triangle
Entry: 2.69
Stop: 2.78
Target: 2.45 / 2.1
Risk/Reward Ratio: 2.67

2-month symmetrical triangle pattern. While I’ve been avoiding energies and currencies, gave this trade a go as the chart structure looks sound and the risk level is manageable. 40 more words


Why The DOW May Reach New All Time Record Highs Very Soon.

If you are familiar with my work as of late, especially in light of the current situation involving world central banks who appear to be determined to create a “risk on” environment for traders, I have been saying this market IS going higher. 130 more words

Blue-chips in trouble

Evening all,

I have some words on the local market for today. After a fall starting in September, the STI has regained lost ground, and closed at 3350 on Friday. 347 more words

Singapore Market

Pattern morphing and flexibility

It is very important to revisit a failed chart pattern to see if it morphs into another pattern. I neglected to do this last month and it was an expensive mistake! 280 more words


Chart patterns: Symmetrical triangle

A symmetrical triangle is a continuation pattern where price contracts with lower swing highs (falling trend line) and higher swing lows (rising trend line) towards a single point. 53 more words

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