ASCENDING BROADENING WEDGE
Hi crypto traders, This is a follow up on my other analysis on ETH and the reasons I believe the ETH price may consolidate for longer than we think. An ascending broadening wedge is usually a bearish formation with price target the bottom of the wedge. Although, this pattern have same odds to break to the upside, the RSI gave the direction already, which is...
Ascending Broadening Wedge signaling Bullish pattern, Target PT is equal to the height of the pattern from the break point...
I few days ago I published how a potential breakout might be occurring soon with regard to SKL on the daily chart, but I just wanted to update that there is now a potential short-term break downward instead after revisiting the 4-hour chart. It looks like after the dip from what looks to be a fake out from the other day, a bearish ascending broadening wedge...
Normally a Bullish pattern
Strong Resistance : $198 Targets (After Break Resistance) : 1. $251 2. $301 3. $349
I like Boeing right now. Could see it pop up towards 280-300 and continue this ascending wedge before correcting. Volume is reducing on these pops too indicating this pattern confirmation. Held above trend support.
At the top of the formed ascending wedge in the supply zone, reached the magic point. Correction to 91 area before further up to 99$ Bearish wolf activation?
Theta has been printing an ascending broadening wedge since March 10th. The price is currently sitting in a nice symmetrical triangle. The market as a whole seems bullish right now so there is a high chance that we see this triangle break up. In the short term I am targeting local highs. I think we could see price in the $22.00 range (Fib Extension) by the first...
EURJPY reversed from the third touch of the bigger pattern in play and there was a short entry already from the top. The next best place to enter is after the break of the ascending wedge and a retest. Will update closer to the time, Trade safe!
Who knows where GME will end up in the future. Short interest is either back to a normal percent or being underreported and there is a negative beta which is super weird. There are still plenty of $800 contracts for the 19th and decent Q4 earnings for 2020 coming up on the 23rd. Earnings could be a potential price mover, but in my current opinion GME will not...
Throughout the last one month, I noticed that US10Y has been trading within an ascending broadening wedge chart pattern, and has been respecting the two diverging bullish lines that form its dynamic support and resistance extremely well. After bouncing off the dynamic support of the ascending broadening wedge, US10Y is now halfway through its growth towards the...
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...
We have been waiting for this short for quite sometime. We're anticipating overall NZD weakness and looks like it will happen very soon. This would also mean we'd be bullish for EURNZD depending on which currency is the weakest. I'll be breaking things down further and providing updates in the links below. Goodluck and trade safe!
Hello Traders, Decision time. Decision time.. We have an ascending broadening wedge pattern forming on the 4hr. What’s interesting is that we have an inverse head and shoulders pattern forming within this wedge. This gives us a mix signal of a bullish short-term and a bearish mid-term. Outlook: short-term, we may see some continued support to the upside...
We seem to be having significant bearish reactions every time we hit the top of the channel, It also looks like the RSI is struggling to make higher highs near overbought levels; Pair that with less than stellar earnings and you've got yourself a decent reason to enter a bearish position.
side by side here. 1h and 4h. for the risk oriented . possible double bottom can lead to huge W pattern breakout to 62K!! on the 4h we are in an ascending broadening wedge breaks bearish 52% of the time as per thepatternsite.com learn more at thepatternsite.com