Tag Archives: Stop Loss

AUDUSD setting up potential hourly symmetrical triangle

Hi again everyone, it’s been something of a morning of intra-day patterns so I figured I would just keep posting them as I find them. In this case you can see the fast moving AUDUSD trading in something of a … Continue reading

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Alcoa (AA US) in wide channel but resistance close

Hello everyone, usually I would post this type of setup a bit earlier in the construction of the formation but as it turns out it doesn’t make a lot of difference in terms of price movement so it’s probably worth … Continue reading

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Microsoft approaching potential Gartley cluster zone

Hi all, one of the setups that my colleague Ric Spooner specialises in is the Gartley cluster. Unusually today it was me who actually spotted this setup so am writing it up. I won’t go into huge detail about how … Continue reading

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HGG forms up for Symmetrical Triangle

After quite a sharp run up in price, Henderson Group has entered into a symmetrical triangle consolidation pattern (one could possibly argue double top pattern as an alternative). This will mean that traders will now be looking for a breakout … Continue reading

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Incitec Pivot (IPL AU) in Symmetrical Triangle

Hi everyone, I wanted to show you a chart from the Australian market of a symmetrical triangle in fertiliser maker IPL. I think that at the moment this type of consolidation pattern is similar to what we are seeing in … Continue reading

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Ramsay Health sees Symmetrical Triangle breakout

After trading in a consistent uptrend for many weeks – Ramsay (RHC AU) has broken through its most recent consolidation pattern – the symmetrical triangle. Regular readers of the blog will know that this is a pattern that we regularly … Continue reading

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USD/SGD Daily Symmetrical Triangle

Hi again everyone, on my daily trawl through the charts today I happened upon a formation in a currency pair that I generally don’t spend a lot of time looking at – the Singapore dollar. One wider inspection you can … Continue reading

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USDCAD in 30 min Symmetrical Triangle

As regular readers would know we post a large number of triangle setups across a wide range of asset classes. It’s often a bit harder to post the very short-term patterns because by the time they are written up they … Continue reading

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Harvey Norman (HVN AU) looking for potential bullish Gartley reversal

My earlier post today was about Australian retailer David Jones and continuing along those lines I have another retailer to consider – this time Harvey Norman. The formation here is one that we talk about quite regularly which is the … Continue reading

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DCH (1828 HK) showing a Descending Triangle setup

The descending triangle setup typically has no inherent bias toward the long or the short side; A volume spike upon the breakout may add a degree of extra confidence to the breakout; The trader will typically wait for at least … Continue reading

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