Short at the break of the dotted line. Position courte à la cassure de la ligne en pointillé.
Best Wolfe Wave Strategy – Bearish Wolf Wave When trading the best wolfe strategy you will find that after the entry was triggered your position should show you an immediate profit. This is because the reversal pattern that emerges from the wolfe wave chart pattern is very violent. Once we’ve got the first five waves we have the general setup of the wolf wave....
Step #1: Prior to the Bullish Wolfe Wave Formation look to have a clear Bearish Trend Step #2: Try finding a 5 wave move that can be contained in a channel. Last wave 5 must break below the channel Step #3: Buy after we break and close inside the Price Channel. Step #4: Draw a trendline that connects the wave 1 low and wave 4 high and extend it in the future....
Pennant breakout, may lead to dual breakout, descending broadening wedge as well as triangle. The breach of dotted aqua wall, given the history, does not seem likely, though!
Bittcoin recently broke out of the large falling wedge as predicted, we broke out and we have formed a rising wedge which indicates a short term bearish trend. 10k is target,
Ascending broadening wedge around 70% of the time, the price breaks to the downside. and only 30% to the upside. keep in mind that a Ascending Broadening wedge have a significant failure rate. and textbooks advice to only trade in a breakout of the resistance line. I will short the price. because of more than one technical analysis indicate, that the...
Ascending Broadening Wedge formation in re test process
- LTC broke Ascending Broadening Wedges to the upside by 10%(USD87) and halving around 5%(USD83). - If it pullbacks under USD80, this could be a failure of breaking up and be prepared for correction around USD66.3. - If it holds and keep going up, next resistance is USD99.1 and USD110 after that.
- After USD70 mark reached (mentioned in related idea), it halved a little but a upward breakout is trying to form... - IF this upward formed, may reach USD80... - By then, as in the Ascending Broadening Wedges pattern, the price may pullback to USD66.3, which is happened to be the crossing point of 17% average pullback rate in ABW and Speed Line E.
This is an interesting move folks; identifying an ascending broadening wedge pattern has the same chance more or less to continue downward or to breakout and go upward. In my opinion, based on the bigger trend's descending triangle wedge, and the minor descending triangle wedge following it (the fib retracements placed on the graph), my bet would go towards the...
ready to sell for any break. we have bearish divergent as well
There is an ascending wedge forming on the weekly chart of AUDCHF. I am expecting a reversal soon so keep your eyes out for a big move to the downside.
Here I am looking for another leg up to continue the broadening ascending wedge on NZDJPY. Good luck and safe trading
Wait for the down move to form in order to initiate long positions to the upside. Good luck everyone
Hi Guys, After consolidating for last few sessions, we got breakout in AUDUSD, wait till this hourly candle close and ensure it broke the broadening wedge lower trendline. After valid analysis initiate shorts in AUDUSD based on your risk reward with stops above previous swing high aiming for 0.7600's as Target 1 in Audusd. Note : Current Audusd ( hourly candle)...
NZDUSD Ascending Triangle (Continuation)