Plan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** 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...
AMEX:SPY , NASDAQ:AAPL , TVC:SPX -- There's now also an ascending wedge on $ES_F that correlates with the FIB level as well as the top trendline... Long til there, then short for a dump
Price is getting weaker as an ascending wedge starts to form... a strong bearish indicator. Once prices hit our resistance zone, we can expect prices to fall towards the support zone at around 67.730.
In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Ascending broadening wedge pattern is may trying to tell us something.. Never say never.. Markets will be very interesting after 6 months, we will wait and see.. I firmly believe that big crash will...
I have been tracking this ascending wedge pattern since early april, it is similar to the one in other major indicies. I expect one final leg up since there is a bull-flag forming on lower timeframes, and a spike up to the 722-725 level to fill the gap (look left). Then, if it rejects from this level (which also corresponds to 0.618 on fib), it should be able to...
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There seems to be some discrepency regarding the nature of the rising broadening wedge, with some thinking its bullish while others bearish. I believe it is bearish, following Bulkowski's chart pattern rules. Short should be placed just under or above 200DMA if deathcross follows through. For a rising broadening wedge to be valid three or more touches must be...
Hello! Welcome on GBP-JPY setup: Prise is just went down from Rising Wedge, in nearest future I can expect further declining in price. Expect reaching the support at 127.5. Resistance at 135, use it to invalidate the movement. Yes, this is pretty easy TA for GBP-JPY, and what I think on it. Share what you think on this trading pair. ATTENTION: Dear followers...
Evening Traders! Today’s technical analysis will focus on REPBTC, in a valid broadening wedge formation with a failed partial raise at structural resistance. Points to consider, - Trend bearish – consecutive lower highs - Structural resistance being tested - 200 MA – local support - RSI trading in a channel - Stochastics in upper regions - Irregular...
Big ascending wedge with small wedge inside. I guess we can find more at smaller time frames.
Hoping we get a retest for a short entry.
Looks pretty clear to me, charts speak for themselves. Targeting price levels.
We have a confluence of events. 1. BCH is bouncing off the bottom of a broadening ascending wedge 2. Fib levels drawn from both lows I've marked with arrows show the retrace bouncing off the 618 and the 382 The chances that we continue to the top of the channel are high and the stop is very tight meaning that I can reduce my usual % risk and still get a good...
on my previous analysis (link attached below!) I expected gold to decelerate at 1608 resistance level and moreover currently we are seeing gold forming ascending broadening pattern that might bring price going down to the 1594 support level, good luck ;) Plan : trendline breakout --> wait for price to bounce off from horizontal resistance level --> wait for the...
LINK/USDT has performed nicely over the past weeks and is currently close the the tip of an ascending wedge. It's likely that it will correct very soon and test if this new channel will hold. One smaller move upwards is still possible so either keep it a small position for now or wait for breakout confirmation. Targets are at the bottom of the small channel or if...
And The Ascending Broadening Wedge The objective is 183 the fibo 0.618. Here we go before bullrun
STML has formed a classic bullish divergence in which the price is making lower lows while the oscillator associated (in this case the RSI) is making higher lows. Another 'hidden' version of this exists and i am doing my best to try find an example of this.