Ascending broadening wedge, Bearish reversal pattern accompanied in Regression Channel. It is visible in the shorter time frame whereas In a daytime frame, it looks bullish. The pattern will be confirmed if nifty goes below the support line.
The 3 Month Bill is currently breaking down and backtesting a Rising Wedge after Bearishly Diverging at some extreme highs while the DXY has also broken below a long term trend line and is backtesting the S/R Zone and Moving Averages as Resistance. I have expectations that both of them will crash majorly in the coming weeks to months.
Based on observations using technical analysis such as the Ascending Broadening Wedge, the bitcoin market still has the potential to rise to quite an astonishing number of 36200-38800 by forming a parabolic super sonic. But normally Bitcoin target is 33800-34600. Bitcoin will be officially bearish if it hits 27300 with a dump target of around 24K and 22K
CyberAgent currently sits at the Supply Line of a long established Ascending Broadening Wedge and while my first instinct would usually be to short, I think this one is showing signs that it will give us a strong bullish reaction off of this supply line as we have a bunch of Bullish Divergence on the MACD and RSI and are at the 55 Moving Average on the 2 Month...
Just like in the lead up to the 2008 the REITs have been going up with no sign of slowingh down whilst inside of an Ascending Broadenign Wedge/Channel and has on it's 4th attempt gone above the Supply Line Breifly only to very quickly come back down again and now it's cracked below botht the 21 and 55 Month EMAs; The last time it's done marked the beginning of an...
Here is a closer look at BTC in its Ascending Channel Pattern: This is just a quick chart post with a Ichimoku Y Wave Pattern, an Ascending Channel Pattern and an Ascending Wedge Pattern. Which one will win???
Ascending Broadening Wedge pattern+Hidden Bullish Divergence(on hourly chart)...Risk reward ratio 1:3
Nothing too complicated here. I think the china reopening will be underwhelming for a bit here. More of a technical trade here. BIDU is entering a supply zone and I'm looking to short.
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. In my previous BTC update, I clearly mention that BTC is at resistance so do not hold your longs and book profits in your long position. Hope you guys listed and save yourself in this dump. Now, what's the next possible scenario from...
QNT is currently forming an ascending broadening wedge pattern on daily timeframe. An ascending broadening wedge is a bearish reversal chart pattern. Where the upper line is the resistance line and the lower line is the support line. As we can see in the chart that it´s moves increase with higher magnitudes. This pattern should be traded when the price breaks out...
I have sold the $60 and $65 strike FEB 17th calls and bought the $75 JAN 20 Calls for a net credit and i am looking for MDT to pullback to atleast $55 in the next several weeks and it's overall target in time should even be well under $20 but i suspect we will get some bounces at $55 and $24 along the way.
NFLX has been in an uptrend and quite bullish and relatively strong on the 2H chart an ascending wedge pattern is seen. Moving Averages confirm the present trend as bullish with no crossovers and the price above all of them. Given the ascending wedge I will take a small position now at the trendline resistance as a swing short. I will add to it if/when price ...
On March 7th, EUR/JPY made a low print of 124.40. Since then, the pair has been moving higher in an ascending wedge formation. On October 21st, the pair attempted to breakout above the top trendline of the pattern, reaching an intraday high of 148.40. However, Japan’s Ministry of Finance stepped in and intervened in the fx markets by buying Yen. That was the...
After breaking of an ascending wedge pattern, the prices are likely to remain bearish until the projected price of 77.23.
Tracking this Ascending broadening wedge on XRP 15 min and a break down of this wedge could be pretty substantial. Proceed with caution and make sure stops are in place because if this does spill it's going to drip rather quickly...
Bullish Trend Ascending Wedge Trade with specified Stop Loss Target profits with trailing stop loss
We will be looking for a 3rd, possibly 4th tap of the resistance. Appying the 1% rule to this trade, i will split my overall into 2 trades. ... 1st trade will be the 3rd tap with a 35-40pip S/L.> as GBPJPY you will want a bigger S/L as it moves faster and most spreads reach for S/L's.... 2nd trade will be the possible 4th tap of the resistance, to hopefully get...
XRP 15 min showing a very prominent Ascending wedge and currently forming a diamond top, Could see a breakdown to about .48 when looking at the Fibonacci retracement.