ETHUSDT ( 1 day time frame ) stuck in falling wedge pattern & trying to brakeout , soon we will see its breakout , i am observing it . after breakout it will be long long
Comment:
A Falling Wedge is a bullish chart pattern that takes place in an upward trend, and the lines slope down. A Rising Wedge is a bearish chart pattern that's found in a downward trend, and the lines slope up. Wedges can serve as either continuation or reversal patterns.
Comment:
How do you trade a rising or falling wedge pattern?
Identify the wedge on a chart. ...
Watch for the breakout. ...
Confirm the breakout. ...
Enter the trade. ...
Set a stop-loss order for the trade. ...
Set a profit target or choose how you will exit a profitable position. ...
A trailing stop-loss could also be used.
Identify the wedge on a chart. ...
Watch for the breakout. ...
Confirm the breakout. ...
Enter the trade. ...
Set a stop-loss order for the trade. ...
Set a profit target or choose how you will exit a profitable position. ...
A trailing stop-loss could also be used.
Comment:
falling wedge pattern breakout now retest and after retest it will hit 1680