Bearish Wolfe Waves forming inside an ascending wedge. I would wait for price to break the upper Value Area of the volume profile of the current trading range to confirm short entry . RSI but looks ready for a little move to the downside. Golden pocket on the fib marked as well. Will trigger myself a high leverage short taking targets first at the golden...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETH update. ETH is forming an ascending broadening wedge pattern in a 4hr time frame which is generally a bearish pattern. After a few hours, the ETH merge event is going to take place and IMO this is the sell the news event. Still, for confirmation, ETH needs...
hello friends,hope you all having a good day! ETH touched our first target,then,broke out from this acsending wedge.manage your risk properly and set your orders! good luck!
Large ascending, broadening wedge structure looks to be respected with today's backtest of the wedge's demand line. This comes after a test of the supply line almost two weeks ago and a nearly 9% draw down in price. Coupled with divergence on the oscillators, the more probable result from strictly looking at this TA would be a short term trend reversal to the...
hello friends.BTC looks a little scary right now forming a ascending wedge in 15m time frame.I don't expect BTC to drop much but might be profitable for SCALPERS . I think this drop is a retest to 20k and a good place to go long. PREVIOUS IDEA PATH IS STILL VALID!and expect much higher prices for BTC this week. good luck all!
Elliot Wave continuing from the drop from 25200, ABCDE. Rising Wedge to about 20750-850 (not exact), then a drop from there to 18400-600 as measured from the last drop. Not a guarantee. I haven't entered a short, I might take a swing with my hedge account. Work-In-Progress. This doesn't mean, "short now" but for traders that already have established shorts from...
ETH formed an ascending wedge with its peak on the resistance!price drop down to 1600 is inevitable!
Ascending wedge is forming on BTC 1H chart with volume decreasing with every higher high.expect BTC to fall after breakout!
A potential ascending wedge is forming on 1H BTC chart.expext BTC to drop from highest peak.you could see volume decreasing in the wedge as it builds higher highs which gives this pattern strength.good luck!
Pair: BTC/USDT Pattern: Ascending Broadening Wedge Strategy: Breakout
Both the indices showing the Ascending Wedge Pattern. I would like to see the break of support around 11266.75 for NQ and 3700.00 for S&P to short but ideal entry would be on the break of the pattern + re-test of the support trendline. Targets for NQ1! - 11228.50 11165.50 111068.75 Targets for ES1! - 3700.00 3661.50 3642.00 NOTE: This pattern is forming...
It seems like the Energy sector ETF $XLE is making an ascending bearish wedge. It's showing lots of resistance around the $82.9 area and hasn't be able to close above it for the past ~2weeks. I wouldn't be surprised if it has a fake breakout to the upside before eventually falling back inside the wedge. Keep an eye out for a break to the down side as the...
In my opinion, with the formation of the cup pattern in 1h timeframe and the wedge pattern in the downtrend, we must accept that the time has come for the price to fall.
I will be targetting the 1.618 Retrace from the Previous Low to High on this short trade.
the gann fan and log view with broadening wedge indicates stock is trending toward long term support. if we cant close over the 4/1 monthly its probably headed for that lower trendline. were at horizontal support so a bounce starting here would probably head for the 2424 area. closing above the mid 2400s and we could head for 2988 where TRAMA is currently hanging...
the dollar went down due to the shock of energy price and it help Aussie goes higher. my analysis shows 0.76480 key resistance might end the AUDUSD bullish trend and also complete the ascending broadening wedge pattern for this pair, personally, I will wait for the price rejection occurs at the key resistance level before placing any sell order. good luck...
Following on from my LUNA chart using EWP, I've drawn a simpler chart with TLs, a Doji and an ascending broadening wedge. The red TLs, Doji & the ascending broadening wedge (ABW) suggest the drop to $60 favours the yellow TLs rise to $130+ Furthermore if we look at the RSI on the smaller TFs, 4H, 2H & 1H you can easily see that LUNA is overbought.
We have a ascending broadening wedge and it's time to go up. Take a part in the journey and collect the pips.