GBPUSD 1H Ascending wedge formation ---> Bearish Breakout RSI over bought condition ---> Bearish ===> Possible Sell setup
Plan : wait for prices to bounce off horizontal resistance --> 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 independent investment decisions. Traders!! if...
Hi Traders, The market is moving in a clear market structure. We have an overall uptrend with higher highs and higher lows. The market is now at the bottom of the wedge and we're expecting a swing high. Our target is at the next resistance, where more sellers could come in. The TP is at 100 pips and the SL at 32 pips. We recommend to buy the market after a...
The price has formed a bullish momentum and it has rejected once again the trendline of the ascending wedge so we are expecting a bigger drawback in order to buy again. There is a confirmation that the price will continue the bullish momentum in the RSI indicator. Comment your opinions!
Hello everybody, I expect an AUDJPY falldown from the ascending wedge that it did form.
CSLLY has experienced many chart pattern formations over the years, including a horn bottom, an Adam bottom, an ascending broadening wedge which led to a bearish reversal, and is currently experiencing a ‘bump and run’ pattern. ~0.75 regression uptrend, overall very bullish even if a small bearish pullback does occur. A lot of bump and run patterns seem to be...
JD has formed a falling wedge, which has sparked a bull run leading to the formation of a diamond top with a double Adam structure, consequently this top created a bearish run pushing the price down to ~ $19, since then a bearish ascending wedge has formed, this may induce a movement similar to that before the falling wedge, indicated by purple fractal. Some...
Presence of a rising wedge, broadening ascending wedge, Costco has been on a massive bull run. Rounded top also present which may be indicative of a bearish move, but with the strong rising channel and regression trend of 0.92 (strong regression trend according to Pearson's R value) the chart appears definitely more bullish rather than bearish.
A confident and sharp growth of Bitcoin's value this summer brought most cryptocurrency holders to a bullish mood. However euphoria finished with a last parabolic wave on 26th of June. Further price action formed a standard for Bitcoin triangle which unfortunately was broken down on the 24th of September (Point I at the chart). Further an ascending broadening...
USOIL 1H Ascending Wedge formation ===> Possible sell
The iShares S&P Small-Cap ETF has been in a bearish wedge pattern on its daily chart since early October. The price is once again testing the resistance line. The price is near an overbought condition while generating a bearish divergence on the RSI indicator. I am targeting the support line of this wedge pattern first. If the price is able to break down through...
Huntington Bancshares broke out of an ascending triangle pattern last week & has continued to see its bullish momentum continue. The stock is showing relative strength across the board whether talking about the SPY or its sector/industry. I would like to see it hold above the breakout level but I have my two initial price targets noted on the chart.
- Ascending wedge formation ----> BEARISH Breakout - Hidden Bearish divergence with OBV indicator ----> Bearish Trend continuation
- Ascending wedge formation ---> Bearish break out - Hidden Bearish divergence with OBV indicator ---> Bearish trend continuation
Welcome fellow Tradingviewers, I am back with another long term view, after the last analyses followed my path to the point. We literally caught the trade from 1285 all the way up to 1557 giving us immense profits. If you are new to my channel you should check my previous analyses stating the areas said above. Please remember, that this is not financial...
Hello everyone, I noticed an ascending wedge on the daily coca cola stock. I suggest ti short until the green support line, and then long until it touches the dynamic resistance of the channel.
We are getting an Extension of the fifth wave on the 4 hr and price is making an ascending wedge reversal and it is divergent with MACD. This is telling me to look for short positions rather than long on smaller timeframes.
Hello everyone, i saw ascending wedge on GBPUSD... There is a strong resistance level, so we can set there the TP, then shorting again. Happy trading to all!