Tag Archives: Descending triangle

Shui On Land (272 Hong Kong) – chart set up

Background As readers will be aware, I include the Hong Kong stock market amongst the markets I monitor.  For technical traders, it seems to produce more than its fair share of attractive trends with the added advantage of convenient trading hours for Australian traders.

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Silver testing an interesting resistance level

The context of the longer term weekly chart creates a bullish bias for the silver chart, I reckon . This makes a break above the resistance currently being tested on shorter term charts look like a buy set up

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GPT Group Triangle – One for the Purists

Aside from the straight-edge trendline it doesn’t get much more old-fashioned in the technical analysis world than the triangle. When you see a good one though it remains a cause for celebration – or whatever it is that you do … Continue reading

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Stop loss management – corn triangle

We often post discussion pieces on setting profit objectives and managing stop losses. As most traders know, success is at least as much about where you get out as it is about picking market direction. The sell set up I posted on corn a couple of weeks ago is … Continue reading

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AUD: NZD – Double Top

This chart has been drifting for a couple of days after a sharp rally last week. Although it may be a bit too soon to place a label on the pattern formed by recent sideways action, it’s starting to look like one of … Continue reading

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MACD in focus – setting the direction for the corn triangle

Last week, I posted a video outlining some thoughts on using MACD, the RSI or Stochastic to improve trading strategies. Two of the ideas discussed in the video involved using these tools to: Achieve early entry on some set ups and Improve success rates … Continue reading

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GBPCHF – a neat descending triangle set for breakout

It feels like forever since I posted about a triangle pattern from the FX space – happily though here is one which I think is pretty neat because it highlights one of the great things about resistance and how it … Continue reading

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Platinum – Profit Alert

I posted a blog on a platinum triangle back on 27 July. After drifting (but holding above its support zone) for 3 weeks, this position got moving last night courtesy of a South African mining strike. Last night’s move serves as a reminder … Continue reading

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EUR:GBP – Positioned for reversal

I thought the current triple bottom formation in EUR: GBP deserved a post. Looking at the bigger picture of the daily chart, there looks to be a decent case to say that this is one of those formations that could set up for a major corrective rally.

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Aquila Resources breaks descending triangle

The Trade Balance figures released out of China today was not really what the local market was looking for. The AUD copped it the fastest but from then on the selling in the wider equity market has heated up as … Continue reading

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