Wedge Pattern

The Wedge pattern can be either a continuation pattern or a reversal pattern, depending on the type of wedge and preceding trend. There are 2 types of wedges indicating price is in consolidation. 1) rising wedges where price is contained by 2 ascending trend lines that converge because the lower trend line is steeper than the upper trend line. In other words: the lows climb faster than the highs. These wedges tend to break downwards. 2) Falling wedges where price is contained by 2 descending trend lines that converge because the upper trend line is steeper than the lower trend line. In other words: the highs fall faster than the lows. These wedges tend to break upwards.

Conservative traders look for additional confirmation of price continuing in the direction of the breakout. The target can be estimated by the technique of measuring the height of the back of the wedge and extending it in the direction of the breakout. A common stop level is just outside the wedge on the opposite side of the breakout.
jsburgos jsburgos TOP BTCUSD, 240, Long , a day ago
BTCUSD: Bitcoin back to 1160
1224 7 20
BTCUSD, 240 Long
Bitcoin back to 1160

I know it sounds crazy at this moment of capitulation, but I think we'll be going back to 1160 next week. Short term we're going to hit the lowest support level at 840-870. It's the lowest red line in the chart. We haven't visited that support level since August 2nd, 2016. After we bounce back, I expect the descending tightening wedge to break up and take us to ...

Fxtoronto Fxtoronto PRO USDNOK, 240, 15 hours ago
USDNOK: Educational post - Difference  between a wedge and a triangle
51 0 13
USDNOK, 240
Educational post - Difference between a wedge and a triangle

Hey guys this is a very short educational post on two of the most commonly found chart patterns in the market. These are often mistaken and confused even by experienced traders. Here we have a rising wedge and a bearish triangle both are bearish in nature. However one is a reversal pattern and the other is a trend continuation pattern Example of a ...

ashddylan ashddylan EURAUD, W, Long , 21 hours ago
EURAUD: EUR/AUD - Important Breakout Approaching
29 0 6
EURAUD, W Long
EUR/AUD - Important Breakout Approaching

We're approaching a big breakout in the EUR/AUD Pair, the Falling Wedge that begun in late 2015 is coming to an end and we can expect a breakout from this alone, but trading with confluence is key. EUR/AUD has been in a Flag Pattern for a number of years now and price is approaching the support area, we could see a false breakout the closer we approach the end of ...

Moshbi Moshbi NZDUSD, 240, Short , a day ago
NZDUSD: NZDUSD time to short
34 0 8
NZDUSD, 240 Short
NZDUSD time to short

Hi traders! Price is moving in to the wedge pattern and recently touched wedge border, as well this zone is 0,618 retracement of last swing. this is good time to short. Have a nice weekend!

bgj101 bgj101 PRO USDJPY, 240, a day ago
USDJPY: USDJPY Weekly Analysis 25-29 Mar
111 0 9
USDJPY, 240
USDJPY Weekly Analysis 25-29 Mar

Price broke and creates an new pattern.....now we have a descending channel that will break up eventually... Price created a descending wedge earlier and it broke down instead of up..so lets see if this current descending wedge does the same.... eyes up!! CATCH THE WAVE....AND RIDE IT!!!

Anaptyx Anaptyx EURCAD, 240, Short , 8 hours ago
EURCAD: EURCAD Rising Wedge H4
16 0 4
EURCAD, 240 Short
EURCAD Rising Wedge H4

If it touches the purple circle on Sunday night, I will short EURCAD. The latest entry on this setup is in the purple square, which will become your stop loss afterwards. As a result, you should break even if the trade does not go our way. Target: 1.4300

ChadMartin ChadMartin AUDCHF, 240, 10 hours ago
AUDCHF: audchf
2 0 3
AUDCHF, 240
audchf

Looks to have a rising wedge on the daily. Dropping to the 4hr could do a pull back into the highlighted supply & demand zone, or even break through it for at least a retrace to the 38.2.

Toscana Toscana USDJPY, D, Short , 2 hours ago
USDJPY: Some recent ideas review: USD/JPY
27 0 2
USDJPY, D Short
Some recent ideas review: USD/JPY

I was expecting this wedge to break up. The break actually happened but in opposite direction, so the idea was wrong. More then that - the price broke thru 111.500 which was a rather strong support since February. So more downside should be expected here.

SalN SalN PRO JNUG, D, a day ago
JNUG: Jnug to Gold "BBands are tightening, big move in two weeks"
219 0 8
JNUG, D
Jnug to Gold "BBands are tightening, big move in two weeks"

Jnug Daily Chart The price action today was right in my little blue box so that was just about perfect. We retested the 10 DMA and closed below the 20 DMA. We still have two more days for the COT report (which cuts off on Tuesday), so I can easily see Jnug drop to the lower pink line. But I gave two ideas. The first pink line is an exact measurement of the ...

dinnersticks dinnersticks EURUSD, 60, a day ago
EURUSD: EURUSD Gartley or Butterfly, Triangle & possible Wedge
70 0 4
EURUSD, 60
EURUSD Gartley or Butterfly, Triangle & possible Wedge

Hi there, All info can be found on the chart except the fib confluence levels. I left these out as it got way too crowded on the chart. Have a good weekend and let me know what you think. Cheers

Badreddineluis Badreddineluis AUDCAD, 240, Short , 2 days ago
AUDCAD: audcad worth taken!
20 0 2
AUDCAD, 240 Short
audcad worth taken!

bulls weakness formed a wedge wich is broken now after an overshoot, also the major trendline.watch price raises to the blue zone and got exhausted then short in lower TF! be careful from market makers bcuz the whole world waiting to sell a retracement.

Badreddineluis Badreddineluis AUDCAD, 240, Short , 2 days ago
AUDCAD: audcad worth taken !
10 0 2
AUDCAD, 240 Short
audcad worth taken !

bullish momentum formed a wedge wich is broken now after overshooting it .also price broke the major trendline..when price raises to the blue zone be careful of market makers ;)

Marcus_Jayweather Marcus_Jayweather XAUUSD, 240, Short , 2 days ago
XAUUSD: XAUUSD
152 0 4
XAUUSD, 240 Short
XAUUSD

A rising wedge and elliot waves

WallStScalper WallStScalper PRO AAL, 240, 2 days ago
AAL: $AAL A possible 6 dollar trade
37 0 6
AAL, 240
$AAL A possible 6 dollar trade

Bullish wedge, IHS If traded the right way. This setup lines up a possible 6 dollar trade. $AAL is coming out of a classical bullish falling wedge by breaking falling trendline - after making a bear flag. Price is now being stopped at dashed trendline setting up a neckline for a possible IHS. If neckline breaks... Target will be at the upper trendline....on ...

stephenleachman stephenleachman PRO ZMWCHF, 240, 8 months ago
ZMWCHF: MY TRADING PLAN (THE FOUNDATION TO MY TRADING)
2921 26 105
ZMWCHF, 240
MY TRADING PLAN (THE FOUNDATION TO MY TRADING)

This is a condensed version of my trading plan. I follow this plan faithfully every day, It is the foundation to my trading. I mentioned in my approach segment of this trading plan that I build my strategies based on the tactics within my playbook. All the tactics I use to build strategies I have listed here on tradingview and they are as followed: Chart ...

medo22615 medo22615 EURUSD, 240, 2 days ago
EURUSD: eurusd# waiting correct
50 0 9
EURUSD, 240
eurusd# waiting correct

hi guys today as we can see have small wedge and it's the break happened now waiting correction good luck

arif_awan arif_awan EURUSD, D, Long , 2 days ago
EURUSD: EURUSD UPDATE!!!!!!
169 0 15
EURUSD, D Long
EURUSD UPDATE!!!!!!

in case of wedge breakout...price will potentially rebound from the support shown in the chart.

riffster21 riffster21 PRO GBPAUD, 240, 2 days ago
GBPAUD: GBPAUD - Push, then fade
21 0 7
GBPAUD, 240
GBPAUD - Push, then fade

Hi guys, the GBPAUD has been very bullish over the past few days, but that trend is about to run out of steam. The current build-up suggests another push up. The pair is likely to find strong resistance and bounce. This will support the current wedge formation. The longer term market barometer supports this idea. The AUD has one good push remaining before it ...

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