On a larger timeframe WTC is in a rising channel, it is at the top of this channel with a rising wedge on bearish divergence on a smaller timeframe. Looking for a retest of support for a entry and a move down to resistance for take profit. GL
At we take a look at the ETH/USDT, we can see that is is trading in a massive broadening wedge pattern. Every time it touched the trendline, it bounced nicely. Will history repeat itself? Another thing to keep in mind is that the area which it touched is also lining up with the golden pocket for extra confluence. This is still a bullish chart until support...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
gold price made triple bottom at 1620 since then it is rising but crowd is now bullish at top at $2100 price level if buy the rumor sell the news is real then hedge funds already front running rate cut by fed same like at bottom $1620 in september 2022 👉 nobody talking where gold will be 18 months from now 👉 what will be next macro theme for gold 18 months from...
PEN is currently in a descending wedge with bullish RSI divergence but still looks bearish on an intraday chart so should move down to support at around 0.07c. Look for a breakout and retest of upper trendline for entry or enter a small position on break of wedge, stoploss at last swing low move SL to BE when safe to do so. Good luck
As expected after the rejection of the 200 day MA , a nice head-and shoulder formed, which has almost played out really by book. Notice the descending wedge, where the bottom should provide support (gap down possible, so the HAS could reach its target). Waiting for confirmation to close above 9day EMA, and then expecting an upward trend to fill the gap. Could hit...
PX is currently in an ascending wedge with bearish RSI divergence wait for a break of trendline and retest of support before taking a position with stoploss at last swing high and target at next area of support, moving SL to BE when safe to do so and then follow with a trailing stop looking for a bigger move down. Good luck traders.
✅TESLA was going up in A bearish wedge pattern But after the stock retested The horizontal resistance Of 208$ it broke out of the Bearish wedge pattern and The breakout is confirmed So we are bearish biased Now and we will be expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
After hitting all three of our previous targets the NSE:LATENTVIEW is currently exhibiting characteristics of a symmetrical wedge pattern, indicating a potential period of consolidation and indecision in the market. A symmetrical wedge pattern is identified by two converging trendlines, both sloping inwards. This formation signifies a period of decreasing...
The Misleading Rising Wedge on Ethereum Over the past few weeks a prominent trader who I admire has been adamant about Ethereum forming Rising Wedge, which is a bearish reversal pattern. I disagreed with this view but acknowledged the concern raised as any reasonable trader would. However, It caused me a bit discomfort as I have a large position in Ethereum...
Am I the only one who finds it attractive? Or do you think it's attractive too!!? My opinion for the rise is strengthened only by the consumption of the $0.5402 resistance range. The $0.4745 range is low risk. But we have to see if the resistance range will be broken first what do you think!?
From the previous price and chart of pattern. About my understanding I think wave quite be like this and nowadays price pattern look like falling wedge. So, maybe have a probability to rising first and cannot do higher high then sideway down likes the path on the picture.
AUDCHF price is attempting a bullish breakout of the Wedge pattern, If price manages to break above the structure I expect the price to move higher towards next resistance area. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
This video was just a quick technical analysis of eurcad basically breaking down market structure and the behavior of the market. in the video i show you guys how you can make a thesis or gather information from a simple pattern. mainly if you see a pattern you can draw your support and resistance levels at the top or bottom of these patterns and look to your left...
I've been watching this in play with the DXY chart, and so far price has been dancing.. practising patients kills lol.. let see how this turns out.
HONESTLY WOW!!!! THIS IS THE REASON WHY I DON'T TOUCH NEWS... i trust my analysis but its usually a 50% odd that a trade will go in my favour with high impact news lol Still this eurusd trade would have been sweet, if i had the balls to trade news lol
GPOR has broken out to the downside of an ascending wedge with the trendline going back to the start of February with bearish RSI divergence. Entry on break or retest of support. Stoploss at last swing high and will be moving SL to BE when safe to do so. Happy trading.