Hi All Trader's -- We Have Today New Education Lesson For ( Top Chart Patterns )
1- Symmetrical Triangle Pattern
2- Ascending Triangle Pattern
3- Inverse Head And Shoulders Pattern
4- Cup And Handle Pattern
5- Falling Wedge
6- Symmetrical Triangle Pattern ( Bearish )
7- Ascending Triangle Pattern ( Bearish )
8- Head And Shoulders
9- Inverse Cup And Handle...
Hi every one
The wedge pattern can be used as either a continuation or reversal pattern, depending on where it is found on a price chart. There are two types of wedge pattern: the rising (or ascending) wedge and the falling (or descending wedge).
1-Identifying the rising wedge pattern in an uptrend :
A rising wedge in an uptrend is considered a reversal pattern...
There is a MainNet and it planned to launch until 15 December 2020!
Stacks 2.0 is coming at the same time as MainNet. Stakers will earn BTC while stacking STX after Stacks 2.0. You can confirm it from Blockstack's official announcements.
Now, let's look at the chart. I'm observing triple bottom formation. Also STX in oversold zone. Indicators which in oversold...
In the above example you can see a continuation chart pattern.
After a strong rally, price start to reverse and formed a falling wedge.
How to trade the falling wedge?
1. Wait for a breakout.
2. Enter at the retest of the breakout.
3. Set your stop-loss bellow the market structure.
4. Set your target at the higher high of the falling wedge.
This tutorial...
Good afternoon.
Today we are looking at another chart pattern
RISING AND FALLING WEDGES .
Let’s get on it.
Wedges can either be continuation or reversal patterns.
Just to refresh your memory, continuation patterns are formations that show side way price action, signalling a temporary pause in the trend; whereas reversal patterns indicate a change in the...
In the previous educational post, i posted about Rising Wedge patterns and in this post i have explained about Falling Wedge Patterns. (Falling Wedge is opposite of Rising Wedge pattern; for every chart patterns there are opposite patterns excluding some.)
Falling Wedges are Bullish Patterns and it generates bullish signal, Falling wedge patterns forms with Lower...
Example of wedge symmetry, rising wedge turned falling wedge on the ETCUSD pair. The falling wedge begins wide at the top and contracts as it proceeds, eventually tightening to a point where it 'explodes' which can be seen. The rising wedge is the same except beginning wide at the bottom and tightening as it proceeds upwards, eventually leading to bearish...
Hello fellas, welcome back to our podcast. This will be a very interesting podcast during this week! BNB is having my attention here. a lot of concern and update will be covered here. Let's do it.
Looking at the white trend line, it has been holding the price since August 2017 which means a 2 years trend line! And specifically, the price is coming very close to...
One of the first things to know about rising and falling wedge patterns, is that they’re a great indicator of an upcoming reversal. Much the same as other wedge patterns, they’re formed by a consolidation period representing either distribution or accumulation.
While both rising and falling wedges can form over a period of any length, typically the longer the...
Welcome back to Lesson 6 traders. I have something interesting for y'all in this lesson. This lesson is going to be a series on Breakout Patterns. I will be posting one breakout pattern at a time, so it is easy to understand, and clean enough to follow. The following lessons are going to be posted in lesser time. So in the Lesson 6 series, since there will be...
Chart patterns are great ways to anticipate reversals of trends. Other indicators like MACD and RSI can help you figure out more exactly when but identifying chart patterns are a great way to see a reversal coming. The first step is knowing how to draw trend lines. With these you can more easily see how the range of a certain move is changing. If the range is...
EURUSD formed a falling wedge, both lines are downtrend. The angle of descent is steeper on the resistance line. The pattern form highs lower than previous and lows lower as well. After a few attempts, the prices finally break through resistance.
To confirm the breakout, the price should close above the resistance line, if so, make a long. The profit target is...
