Wedge

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.
EXCAVO EXCAVO TOP DXY, D, Long ,
DXY: DXY
448 2 47
DXY, D Long
DXY

Falling wedge - refersal pattern

Marcus_Jayweather Marcus_Jayweather GBPJPY, D,
GBPJPY: GBPJPY
144 2 9
GBPJPY, D
GBPJPY

On tha daily GBPJPY falling wedge has formed and a retracement to the 0.382 level is expect as the upward move is a bit extended, buy after a retracement and short at supply zone.

Marcus_Jayweather Marcus_Jayweather EURUSD, D, Short ,
EURUSD: EURUSD
70 0 9
EURUSD, D Short
EURUSD

On the daily a rising wedge has formed and a continuation to the downside seems possible.

BESTY BESTY PRO EURCAD, 60, Short ,
EURCAD: EURCAD SHORT
51 1 7
EURCAD, 60 Short
EURCAD SHORT

Intradays forming rising wedge pattern with a break of pattern and multiple 1hr pivot rejections following the 4hr close rejecting the pivot. Targeting the height of the wedge pattern to the downside. Stop-loss above the pivot, short-term trend line and 0.618 fib level

BESTY BESTY PRO EURUSD, 60, Short ,
EURUSD: EURUSD SHORT
61 0 6
EURUSD, 60 Short
EURUSD SHORT

Intradays forming rising wedge pattern as for most euro pairs due to the large upside gap over the weekend. A break to the downside and quick retest of pattern. Targeting 1.081 which is a semi-decent support level (just shy of the height of the wedge formation). Stop-loss places above the 1hr 50ema, bottom of rising wedge, daily pivot and 0.618 fib levels

Gargamel6500 Gargamel6500 GBPUSD, 30, Long ,
GBPUSD: GBPUSD Update: long entry after retest
81 0 5
GBPUSD, 30 Long
GBPUSD Update: long entry after retest

Retest in 1h and especially in 30 min chart, close above 100 EMA. Stop placed below next lower low.

Marcus_Jayweather Marcus_Jayweather USDJPY, D, Long ,
USDJPY: USDJPY
62 0 5
USDJPY, D Long
USDJPY

On the daily USDJPY a falling wedge has formed.

BESTY BESTY PRO EURUSD, 60, Short ,
EURUSD: EURUSD SHORT
56 0 5
EURUSD, 60 Short
EURUSD SHORT

Intradays forming rising wedge pattern like most euro pairs following the massive upside gap over the weekend. A break to the downside and quick retest of pattern. targeting 1.081 which has shown to be a decent support level (just shy of the height of the wedge pattern). Stop-loss above 1hr 50ema, bottom trendline of rising wedge, pivot and 0.682 fib level

TrevaughnSmith TrevaughnSmith EURUSD, 240, Short ,
EURUSD: EURUSD ABCD Projection
62 0 4
EURUSD, 240 Short
EURUSD ABCD Projection

Playing the Retest of the rising wedge then break down into the gap area. Like the odds here. Zooming out to the daily you can see the 'D' completion point is a very bullish area Gap should close week after next for the elections.

cajimbi cajimbi PRO TWTR, D, Long ,
TWTR: Twitter's Summer Rise - Heading towards $30
47 0 4
TWTR, D Long
Twitter's Summer Rise - Heading towards $30

After a rise in user growth, TWTR has seen a strong jump in it's stock. After a triple bottom at ~$14; we could be entering wave C of a larger wave B. Once the price breaks the EMA and the trend line which has suppressed the price since December, we could easily see a strong move towards $30; with a stop loss under the low of $14. With a risk/reward ratio of ...

Gargamel6500 Gargamel6500 GBPCHF, 60, Long ,
GBPCHF: GBPCHF Breakout seems imminent
21 0 4
GBPCHF, 60 Long
GBPCHF Breakout seems imminent

Breakout of formation appears to be imminent. Although not shure yet, in which direction it will occur.

JohnSp JohnSp USDTRY, 240, Long ,
USDTRY: USDTRY (4hr chart). Possible Long on break.
35 0 3
USDTRY, 240 Long
USDTRY (4hr chart). Possible Long on break.

Possible Long on trend line break. Double bottom. Falling Wedge. Still valid Bullish Gartley.

andberg andberg PRO XAUUSD, 240, Long ,
XAUUSD: 20170426 Possible Descending Broadening Wedge on XAUUSD H4
25 0 3
XAUUSD, 240 Long
20170426 Possible Descending Broadening Wedge on XAUUSD H4

Possible falling wedge breakout http://thepatternsite.com/fallwedge.html Inside Possible descending broadening wedge in formation http://thepatternsite.com/dbw.html

OwensAssetFund OwensAssetFund GS, 60, Long ,
GS: Falling Wedge: Direction Up
13 0 3
GS, 60 Long
Falling Wedge: Direction Up

Predicted price range: 232.26 - 243.01 Prediction Period: 4/24/17 9:30 am - 5/23/17 9:30 pm. Trade expires in 23 days!!!!!

Roger MoreliAmaya Roger MoreliAmaya AUDUSD, 240, Long ,
AUDUSD: AUDUSD
21 0 1
AUDUSD, 240 Long
AUDUSD

Wedge bullish in 4h

mcbuchino mcbuchino USDCAD, D, Short ,
USDCAD: USDCAD
38 1 0
USDCAD, D Short
USDCAD

As you can see its a rising wedge.. will wait until it touches or gets inside the supply zone which is the blue rectangle before i short...

peartree peartree HAL, D, Long ,
HAL: Falling Wedge
9 0 4
HAL, D Long
Falling Wedge

Looks good for a possible move higher.

zeratul600 zeratul600 XMRUSDT, D, Long ,
XMRUSDT: XMR Long: Entry and break out opportunity
30 0 4
XMRUSDT, D Long
XMR Long: Entry and break out opportunity

XMR has been very quiet lately, the coin seems to be inside of a rising wedge, and its movement seems to be inside two upward channels, the big one might be able to reach with some positive news regarding the coin, the tiny one seems able to be reach within days if the coin keeps repeating its ups and down so my strategy is the following: entry at 21,1 take ...

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