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Bearishtriangle

USD/JPY – Bearish Symmetrical Triangle Break Incoming?USD/JPY is currently consolidating within a well-defined symmetrical triangle, respecting both the ascending and descending trendlines with clean touches. This structure typically precedes a volatile breakout, and the technical confluence here favors a bearish resolution. 🔍 Technical Breakdown: Price failed to hold above the 0.5 Fib level of the recent swing high at 145.377, getting rejected by both the 200 EMA and the triangle resistance zone. Currently testing the 0.382 retracement (144.607) — a break here opens the door for a drop to the 0.236 level (143.653) and potentially deeper into previous demand. Volume compression and EMA clustering further support an imminent breakout move. 📐 Bearish Confluences: Rising wedge/symmetrical triangle pattern showing exhaustion. Strong rejection at the equilibrium of the range. EMAs acting as dynamic resistance. Major fib cluster from previous bearish leg aligning with triangle apex. 🎯 Targets: TP1: 143.653 (0.236 Fib) TP2: 142.111 (local low) TP3: 140.347 (-0.27 Fib extension, full measured move of triangle) ❌ Invalidation: Clean break above 145.526 (mid-structure + fib zone) would neutralize the setup. 💬 Market Context: Watch closely for a breakout confirmation. Smart money may sweep short-term liquidity before a decisive drop. Stay nimble, and remember — structure always tells the story.
Short
by WrightWayInvestments
DOGE|Bearish Triangle Formation On30-Min Chart-Breakdown Ahead?📉 DOGE Bearish Triangle Breakdown | 30-Min Chart This chart highlights a classic *bearish triangle formation* in DOGE's market cap on the 30-minute timeframe. The pattern shows a series of lower highs with horizontal support around the 32.45B zone. 🔍 Key Observations: - Pattern: Bearish Triangle - Resistance: ~34.7B - Support Zone: ~32.45B - Target Zone (Post-Breakdown): ~31.3B A breakdown below the support level could signal further downside movement. However, confirmation is key — traders should watch for volume and candle close below support. 🕒 Timeframe: 30-Minute Chart 📆 Analysis Date: May 29, 2025 --- ⚠ *Disclaimer:* This analysis is shared purely for *educational purposes* and does not constitute financial advice. Please do your own research and risk management before making any trading decisions.
CRYPTOCAP:DOGE
by Smart_Trading_Strategy
Triangle Chart Patterns: How to Identify and Trade ThemTriangle Chart Patterns: How to Identify and Trade Them Triangle chart patterns are essential tools in technical analysis, helping traders identify potential trend continuations. These formations build as the price consolidates between converging trendlines, signalling an upcoming move in the market. In this article, we’ll explore the three types of triangle patterns—symmetrical, ascending, and descending—and how traders use them to analyse price movements. What Are Triangle Chart Patterns? Triangle chart patterns are a common tool used to understand price movements in the market. These patterns form when the price of an asset moves within two converging trendlines, creating a triangle shape on a chart. The lines represent support and resistance levels, and as they get closer together, it signals a potential breakout in one direction. Symmetrical, ascending, and descending are three types of triangle patterns. Each of these patterns reflects a different market sentiment, with symmetrical triangles showing indecision, ascending triangles suggesting a bullish bias, and descending triangles hinting at bearish momentum. These formations are useful because they help traders spot potential breakouts, where the price might move sharply up or down after a period of consolidation. It’s important to note that triangles and wedge patterns are similar but not the same. Both patterns involve converging trendlines, but wedges tend to slope upward or downward. Triangles, on the other hand, either feature one horizontal trendline and a sloping trendline or two sloping trendlines at roughly the same angle. Below, we’ll cover the three triangle types. If you’d like to follow along, head over to FXOpen and TradingView to get started with real-time charts. Symmetrical Triangle The symmetrical triangle is a popular chart pattern that shows up when the price of an asset starts consolidating within a tighter range. Unlike other triangle patterns, it doesn’t lean heavily in either direction—bullish or bearish—making it a neutral signal. It forms when buyers and sellers are in a bit of a standoff, with no clear trend in sight. However, this period of indecision often leads to a significant move once the price breaks out of the pattern. What Does It Look Like? - Two converging trendlines; - One sloping down from the highs (resistance); - One sloping up from the lows (support); - The price oscillates between these two lines, forming lower highs and higher lows; - The formation narrows as the lines get closer together, creating a point of breakout. What Does It Indicate? A symmetrical triangle pattern indicates a period of indecision in the market. Buyers and sellers are evenly matched, causing the price to move within a narrowing range. As it gets smaller, the pressure builds, and the price is likely to break out either up or down. Since the formation is neutral, the breakout could occur in either direction, and traders wait for this moment to see where the market is heading. How Do Traders Use It? Traders typically watch for a breakout from the symmetrical triangle to signal the next significant price movement. They often look for an increase in trading volume alongside the breakout, as this can confirm the strength of the move. In most cases, it’s used as a signal for potential price continuation. However, some traders see it as a reversal indicator, depending on what the preceding trend looks like. Ascending Triangle An ascending triangle is a bullish triangle pattern that’s often looked for when analysing potential price breakouts. It usually forms during an uptrend but may also appear in a downtrend. It suggests that buyers are becoming more aggressive, while sellers are struggling to push the price lower, creating a situation where the market might break upwards. What Does It Look Like? - A horizontal resistance line at the top (price struggles to break above this level); A rising trendline at the bottom, connecting higher lows (buyers are stepping in earlier each time); - The price moves between these two lines, creating a triangle shape; - The formation narrows over time, putting pressure on the resistance level. What Does It Indicate? An ascending triangle pattern signals that buyers are gaining control. While the price keeps hitting a ceiling (resistance), the higher lows show that the market’s buying pressure is increasing. This often leads to a breakout above the resistance level, where the price can make a significant upward move. Traders usually see this formation as a sign that the market is primed for a continuation of the current uptrend. However, sometimes it can appear in a downtrend and signal a trend reversal. How Do Traders Use It? Traders typically use the ascending triangle to spot potential breakouts above the resistance level. When the price finally moves and closes above this line, it’s seen as confirmation that the upward trend is continuing. Many also pay close attention to the trading volume during this breakout—rising volume can confirm that the breakout is genuine. In some cases, the price may break through the resistance quickly, while in others, it could take time before the upward move happens. There may also be false breakouts before the true bullish move occurs, with the price typically closing below resistance. Descending Triangle A descending triangle is a bearish chart pattern that signals potential downward movement in the market. It typically forms during a downtrend but can also appear in an uptrend. It shows that sellers are becoming more dominant, while buyers are struggling to push the price higher, which could lead to a breakdown below a key support level. What Does It Look Like? - A horizontal support line at the bottom (price struggles to break below this level); - A descending trendline at the top, connecting lower highs (sellers are pushing the price down); - The price moves between these two lines, creating a triangle shape; - The formation narrows over time, with the pressure building on the support level. What Does It Indicate? A descending triangle chart pattern suggests that sellers are in control. While the price holds at the support level, the series of lower highs shows that selling pressure is increasing. This often leads to a breakdown below the support line, where the price might experience a sharp decline. Traders see the formation as a bearish signal, indicating that the market could continue its downward trend. How Do Traders Use It? Traders typically use the descending triangle to identify potential breakdowns below the support level. When the price falls and closes below this line, it’s considered confirmation that the sellers have taken over and that further downside movement could follow. Similar to other triangle patterns, it’s common to watch for a rise in trading volume during the breakdown, as it can confirm the strength of the move. It’s also possible to see false breakouts below the support level when the price closes back inside the pattern almost immediately. How Traders Use Triangle Patterns in Technical Analysis These patterns are just one piece of the puzzle in technical analysis, but they can offer us valuable insights when used correctly. Triangle Pattern Trading: Entry, Stop-Loss, and Profit Targets Entry Points Traders typically wait for a confirmed breakout from the triangle formation’s boundaries before entering a trade. For ascending triangles, this means watching for the price to break above the upper trendline (resistance), while for descending triangles, they look for a breakdown below the lower trendline (support). In a symmetrical triangle, the breakout may be in either direction, usually informed by the broader market trend. The entry is often confirmed by a closing candle above or below these key levels to reduce the risk of false breakouts​. Stop-Loss Placement Stop-loss orders are crucial here. For ascending triangles, stop losses might be placed just below the last swing low, while for descending triangles, they might be set just above the recent swing high. In the case of symmetrical triangles, traders often place the stop-loss just outside the formation’s apex. Profit Targets To set profit targets, traders typically use the triangle's height (the distance between the highest and lowest points). This height is then projected from the breakout point, offering a realistic target for the trade. For example, if a triangle stock pattern’s height is $10 and the breakout occurs at $50, the target would be $60 for a bullish move​. Combining with Market Context Triangles may become more reliable when considered in the context of the broader market environment. Traders don’t just look at the pattern in isolation—they analyse the prevailing trend, market sentiment, and even macroeconomic factors to gauge whether a breakout aligns with the larger market movement. For instance, an ascending formation in a strong uptrend adds confidence to the idea of a bullish breakout. Using Other Indicators for Confirmation While triangles provide a useful framework, they’re usually combined with other technical indicators for confirmation. Traders often align triangles with volumes, moving averages, or momentum indicators to assess whether the breakout has strong support behind it. For instance, a breakout confirmed by high volume or a moving average crossover might add confluence to the trade. Limitations and Considerations of Triangle Patterns Triangles are useful tools in technical analysis, but they come with limitations and important considerations. While they can signal potential breakouts, it’s essential to approach them cautiously. - False Breakouts: Triangles often experience false breakouts, where the price briefly moves beyond the trendline but quickly reverses. This may trap traders in unfavourable positions​. - Subjectivity: These formations are open to interpretation. Different people may draw trendlines slightly differently, leading to varying conclusions about where the breakout occurs​. - Need for Confirmation: Relying solely on patterns can be risky. They may work better when combined with other indicators, such as volume or moving averages, to confirm the trend direction. - Market Conditions: In volatile or news-driven markets, chart patterns may not behave as expected, reducing their reliability. They may provide false signals or lose significance in these situations. The Bottom Line Triangle chart patterns are popular tools among those looking to analyse market movements and potential breakouts. Whether it’s a symmetrical, ascending, or descending triangle, these patterns provide valuable insights into price consolidation and future trends. While no pattern guarantees a winning trade, combining triangles with other indicators may improve market analysis. Ready to apply your knowledge? Open an FXOpen account to explore chart patterns in more than 700 live markets and take advantage of our low-cost, high-speed trading environment backed by advanced trading platforms. FAQ What Is a Triangle Chart Pattern? A triangle chart is a pattern in technical analysis that forms when the price of an asset moves between converging trendlines, creating a triangle shape on a price chart. They typically signal a period of consolidation before a strong potential breakout in price. What Are the Patterns of Triangles? There are three main types of triangles in chart patterns: symmetrical, ascending, and descending. Symmetrical triangles indicate indecision in the market while ascending triangles are often bullish, and descending triangles tend to be bearish. How to Trade a Triangle? Traders typically wait for a confirmed breakout from the triangle’s trendlines. According to theory, entry points are based on a breakout above resistance or below support, with stop-loss orders placed just outside the triangle. Profit targets are often set based on the height (the distance between the highest and lowest points) of the pattern. What Is the Triangle Pattern Strategy? The triangle pattern strategy involves waiting for a breakout and using the formation’s height to set profit targets. It’s combined with tools like volume, moving averages, and momentum indicators to confirm the move and avoid false breakouts​. Is the Triangle Pattern Bullish or Bearish? They can be both bullish and bearish. Ascending triangles are generally seen before a bullish movement, descending triangles are bearish, and symmetrical triangles can be either. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
Ongoing Bearish Triangle On GoldGold woke up last week at around 1900 area, and came out of a downward channel shown on hourly chart, which is an important indication for a completed wave (D), followed by wave (E) that is in play, which belongs to a triangle. Even wave (E) should be made by three waves, but the rally from the low is in one leg so I think that current recovery is still incomplete Therefore, the rise can resume further after minor sub-wave B pullback, which can find some support near 1915. Big resistance for a whole triangle and potential resumption lower is at 1940/45.
FOREXCOM:XAUUSDShort
by ew-forecast
[Bitcoin] 19K support is solid?? It's still too early to assume#Crack #Bitcoin #Binance #1D The support in the $19,828-$19,118 section, which was mentioned as very important in the previous briefing, succeeded, and it held the previous candlestick along with a buying trend, showing the possibility of a rebound. However, it can still be viewed as an extension of triangular convergence or an extension of a bull trend, and contains the possibility of continuing the bear trend. Since the short-term high has not yet been renewed, the expected support section is the same when the bear trend continues, but the expected resistance section has changed. As in the previous briefing, you can draw two rising channels. In the first case, a large bullish channel can be drawn, and in this case, the resistance near $22,175, where the center line of the bullish channel and the top of the convergence overlap which plays an important role. However, if the overshooting appears in the $23,240-$23,880 section and then the $22,175 section is supported, we can expect a short-term rise to the upper end of the channel. s3.tradingview.com In the second case, a small bull trend channel can be drawn. In this case, the resistance in the $22,580-$23,360 section, where the bull trend and the bull trend channel overlapped on June 13th, which plays an important role, The possibility of overshooting is shown until $24,190, where the long-term trend line and short-term Fibonacci level are located. Even in this case, if support is provided after breaking out the $22,580-$23,360 range, we can expect a short-term bull trend to the mid- to long-term Fibonacci level of $25,890. - Summary Support Section $19,828-$19,118 Important $15,508-$15,139 $12,107-$10,909 Important $7,750 overshooting level Resistance section Case 1 $22,175 Important $23,240-$23,880 Overshooting Level Resistance section Case 2 $22,580-$23,360 Important $24,190 Overshooting Level
by Tommy_Trader
2
[Bitcoin] Urgent!! 19K support is important!! #Crack #Bitcoin #Binance #1D Since the last briefing, the buying trend has not been continued, and it is showing a trend change by making Doge Candles and then falling. At this point, the blue medium-term bearish wave does not appear to have broken through the resistance of the 0.5 level Fibonacci trend extension, and it looks like Bitcoin will soon reach a critical support level. The important support interval appears to be around $19,828-$19,118, and this interval is located at the 0.786 level of the Fibonacci trend extension of the blue long-term bear trend wave, the 0.618 level of the Fibonacci trend extension of the blue medium-term bearish wave, and the bottom of the purple triplet convergence newly extended by the previous resistance. If it fails, once again, you need to prepare for further declines by the bear trend extension pattern. If the $19K support fails, we can expect support at $15,508-$15,139, where the blue medium term Fibonacci trend extension level of 0.786 and the purple short term Fibonacci trend extension level of 0.5 level overlap. However, one should keep in mind the turquoise long-term Fibonacci trend extension level 1 and the decline to the $12,107-$10,909 section, where the sub-trend extension levels are located. Additionally, if overshooting occurs below the $10,909 section, there is a possibility of a decline to $7,750, the 1st level of the purple short-term Fibonacci trend extension. Conversely, if the $19K support is successful, you can see several cases of successful retest support of yellow short-term convergence, successful bottom support of purple short-term convergence, and successful support of pink parallel channel bottom. If the $19K support is successful, we can expect a strong rebound in the near term. At this time, the expected resistance section is the section commonly mentioned in the last briefing. There are $24,189, which is an important resistance as long-term trend line resistance, and $25,890, a section that can be resisted when overshooting occurs. - summary $19,828-$19,118 support is very important Support section $15,508-$15,139 = Short-term support level $12,107-$10,909 = Critical long-term support level $7,750 = overshooting level Resistance section $24,189 = Critical long-term resistance level $258,90 = overshooting level
by Tommy_Trader
1
[Bitcoin] Convergence upward breakthrough!! Resistance LVL?#Crack #Bitcoin #Binance #1D After the progress of the two large trend continuation patterns, convergence appeared again, but the bullish breakout with a strong bull candle. In the big picture, resistance can be expected when the orange long-term support line has moved bearish, and when it rises again, resistance is expected. We can expect resistance around $24,189.88, where the orange trend line and the light blue Fibonacci trend extension level of 0.382 overlaps, and we can expect resistance at $25,890 in case of overshooting. If we look at the chart a little closer, there is potential for resistance on the orange long-term trend line, so we will respond with the possibility of a bullish channel in mind, despite the upward breakout of the convergence. If you look at the first picture, it is a bullish channel with a narrow fluctuation range drawn as a wave created after the bottom is perfectly formed. In this case, there is a resistance section at $22,856-$22,984 below the orange long-term trend line. We can expect a bullish trend towards $15,507 or $11,497-$10,909. If you look at the second picture, we see the possibility of a bullish channel with a large fluctuation based on the high made during the 13day decline. In this case, after breaking through the orange long-term resistance line, resistance remains open to the $25,890 level mentioned above. If $25,890 resistance is found, it is necessary to check whether the orange long-term trend line is supported or not, and if the support is successful, the possibility of continuing the bull trend should be left open. We can expect a drop to $10,909. - summary From a long-term perspective, the important intervals are $25,890.65 and $24,189.88. From a short-term perspective, the important intervals are $22,856-$22,984, $25,890.65 When resistance occurs at $22,856-$22,984, sell response after checking whether the bullish channel has broken After resistance at $25,890, if support succeeds at the orange long-term trend line (near $24,189.88), buy response; if support fails, respond sells.
by Tommy_Trader
1
[Bitcoin] Worst 3K? Expected support identified by bear trend #Crack #Bitcoin #Binance #1D We explored all possible support zones using bearish continuation patterns and their Fibonacci extensions. Please take it lightly, as it is only analyzed as a Fibonacci trend extension of bear trend patterns without any other technical analysis. Sections containing the Fibonacci trend extension level of the large turquoise bear trend are marked in red, and sections not included are marked in orange. Continued bear trend patterns are emerging, and as the bear trend is still in progress and triangular convergence is underway, I think we need to prepare for an additional bear trend. In the case of a rebound without further decline, it seems safe to buy after the $19,828 upward stabilization and conservative $21,654 upward stabilization.
by Tommy_Trader
SOL/USDT : Formed falling wedge with bearish triangle in LTF!KUCOIN:SOLUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $SOL has formed a falling wedge in 4Hours TF chart, Currently it's moving on the higher trendline. Also there's a formed bearish triangle with bottom flat. Based on the data we have there're two possible scenarios with positions triggers to look for : 📉 Bearish Scenario : Basically the main formed pattern ( Falling wedge ) is bullish, But so according to our current market's biases; I'm looking for possible Shorts... If we get the closings below Demand zone ( Current blue zone ), Then we can locate our Short and aim for the wedge's lower trendline. -On the continuation of bearish biases, If we get the closing below the falling wedge ( Current formed pattern ), Then we can located our 2nd Short towards lower Support zone at $78. 📈 Bullish Scenario : In other phase of market; There would be more consolidation and so, In terms of any reversal into bias, If we get the closings above our mentioned pattern ( bearish triangle ), Then we can located our Long and aim for the higher order-block at $110. -On the continuation, If we get the break-out above resistance zone, Then we can hold our Long till local S/R Line at $122.8! Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
by Helical_Trades
27
Warning: New Pattern to Watch For on the Bitcoin Chart!Traders, I think this ascending wedge should be something we put on our radar here. With fairly recent bullish price action along with our VERY strong support below, the probability that it plays out is LESS LIKELY than normal, but it does appear that BITCOIN is drawing a BEARISH ASCENDING TRIANGLE here. This may be further confirmation that the HEAD AND SHOULDERS pattern I have drawn in PURPLE will indeed play out and meet it's target down of $20-24k. Remember, I have doubted whether or not this will actually occur all along. So, now we have yet another pattern that seems to indicate there could be further downside in the cards. An exit to the UPSIDE of the TRIANGLE would be very BULLISH. An exit to the DOWNSIDE of the TRIANGLE would be VERY BEARISH and with confirmation on the daily, I would then expect us to reach our TARGET DOWN of $20-24k. Again, confirmation to the downside would be very important. A breach of our support is not enough. We would need a second candle to open and close below support (BLACK ASCENDING TREND LINE) and preferably a third candle to follow suit. For now, the market remains inside this TRIANGLE, which I have called the FUD ZONE. Until anything significant is determined geo-politically, whether positive or negative, I don't think our station inside the triangle is going to change much. I expect us to remain inside the triangle, unless and until the market receives news (good or bad). This is just one more indicator to add to your array. I will create a video in a few minutes which will cover the broader markets as well. If interested, stay tuned. Please be safe with your trades at this time. I wish you only the best. - Stew
INDEX:BTCUSD
by stewdamus
2
BEARISH TRIANGLE ON FANTOM (FTM/USD)Fantom has been consolidating within this triangle for 29 days and today it looks to be confirming a Bearish Triangle (I have attached an image for reference) The market has made consistent LH/LL which is true to a bear market - even though price climbed 28% from support this wasn't strong enough to break $2.40 zone which signalled a chance to short the market. Shorting the market when price has made LHs is one of the best areas to short and less likely to be liquidated as we are the right side of the trend!!! "Big fan of FTM which is one of the best Layer 1 tokens with strong fundamentals and a strong community" - I will be looking to accumulate more FTM in the near future
FShort
by LuxTradeVenture
Short term Bullish, longer term Bearish or Bullish?After this mornings massive dump, the bulls are going to pull price up from all indications both from Fibs retracement, RSI and the downward triangles resistance line. That brings me to the long-term Bearish triangle which suggests a more massive dump but then if a downward channel is traced a little backwards neglecting a few inadequacies, the BULL might control the market and shoot for that moon! finally? What do you think?
BLong
by Favourwright
1