I've been anticipating nasdaq moves ignoring the news since quite a while and it work way better that way. and i figure out 3 scenari. the upside one (which is the less pssobile to me, but still a possibility) If nasdaq respect my anticipation, (which is working since the last bottom) it would confirm a bigger drop later , currently forming and ascending wedge,...
Action Construction Equipment Limited (ACE)
As can be seen in the chart, SOLUSDT shows a bearish divergence on RSI indicator. In addition, the chart shows an ascending wedge which is also a bearish sign.
I dont have a crystal ball but the current ascending wedge in Bitcoins price action appears weak. This will likely lead to a "fakeout" and very sudden downward spiral (Short term). Reason 1: Wedge inclination. The wedge increases in price very quickly meaning that almost all long positions within the range are profitable and active. FOMO at this level is massive...
Finishing the ascending wedge pattern, looking like it might break out to higher highs. Volume is also declining up to this final point, suggesting highly volatile price very soon. A dump down could find early support and be a good entry point to continue price discovery towards 2300.
Been holding PLTR for a while, just saw the chart today and purchased more. Looks like a bullish entry opportunity ready for take off.
we have passed a correction after powerful bullish wave to fibo level that you see in the chart. now we have a ascending channel, triangle pattern and also high Confluence zone marked as blue in the chart. we will wait for confirm to take buy or sell position depend of price action.
Welcome everyone, Master Chef is finally back in business. With my trades in forex I have decided to enter the stock market and noticed a lot has been going on recently. With Biden entering into office, COVID numbers getting worse, and other countries entering into lockdowns I am just having a bearish mentality on majority of stocks. Best stocks to short would...
If the wedge is upwards targeting 400. If it is broken downwards, targeting the recent double bottom and resistance from back in June of 322.10-326.54.
Been a minute but this is a classic wedge formation that I wanted to post. Personally I am bearish but this could be a bull flag... only time will tell, but if you do want in the SL will be at the high shown from today. Manage your risk but you can probably get in tomorrow if it does not gap down/up.
Good Day Everone Here's a short idea on the USOIL , looks like price might continue to push down looking at technicals, we saw the price breakout of the ascending channel/ rising wedge wich could signal that the trend could reverse as we had lower on oil price struggled to push above 39.23 lets see if price continues to rally down on OIL looking for short...
Ascending wedge suggests rise in price to about 10380 before drop to lower.
$HD looking like a good short here -- ascending wedge with heavy overhead resistance nearing.