Ascending wedge, and a short opportunity
I SPOT SOME BEARISH PRESSURE COMING. THE BULLISH MOMENTUM SLOWED IN THE BULLISH MOVE SO IM ANTICIPATING SOME PROFIT TAKING FROM THE INSTITUTIONS. I EXPECT A DROP TO TE DEMAND AT THE LOW.
Wait for confirmation on the retest before entering any trade but I see something this as most likely
Ascending Wedge pattern, usually proceeds in waves of three, this is a bearish reversal pattern. It can also be seen that a repeating pattern of a drop followed by a lower high can be present in three different situations, including the 2008 stock market drop, will it repeat itself again? Probably.
Long term and short term signals, i'm quite bullish on XRP. Trend is your friend, happy trading all.
I am still not convinced Other traders have drawn this same pattern with a big up arrow coming out the top... it is a bearish pattern
Hi Traders, The market is moving in a clear market structure. We have an overall uptrend with higher highs and higher lows. The market is now at the bottom of the wedge and we're expecting a swing high. Our target is at the next resistance, where more sellers could come in. The TP is at 100 pips and the SL at 32 pips. We recommend to buy the market after a...
Despite recently volatility and the formation of a ascending wedge, Qiagen is still maintaining its uptrend. Bump and run also present on the chart.
GBPCAD Broke Out of Ascending Pennant Showing Continuation of The Up Trend. Ascending Pennant Is When The Market Makes Higher Lowes And Equal Highs, This Pattern Tends To Break Out To The Up Side. As You Can See The Market Still Has Free Space of About 170 Pips Till It Hits The next Past Support To Become Future Resistance And Also The Trend Line.
We hava two chart, Broardening wedge and Ascending wedge. Diamond Formation www.forexstrategieswork.com The diamond pattern is a rare pattern but when it occurs you can expect price reversal on the horizon. This is usually formed at the top end of the rally and as the name suggests the consolidation leads to a diamond shape pattern. Broadening Formation or...
Afternoon traders With the ECB press conference now complete the market is now cleaner to enter other trades. In this case we are looking to get long Aussie Dollar versus US dollar after the pair have settled in oversold levels at support price of 0.6970 area. As per our chart work on trading view we have an ascending channel which is allowing us to set up for a...
XRP BTC is currently testing the support zone of an ascending wedge, if XRP breaks the 9000 satoshi support level with good trading volume then the pattern would indicate a target that near 6000 satoshi level, although the target may not be met if it finds support on one of the lower fibonacci levels indicated on the chart. The moving average oscillator and RSI...
Ascending wedge, could bring us to 7.8-8k. If pattern turns into H&S even retest of 6-7k. The hope is for the MACD right now for BTC to be bullish. Coming days will be very important.
The Swiss Franc currency index is currently moving in a series of lower highs and lower lows, characteristic of a downtrend. The price is clearly moving downwards with brief correctional pauses as shown by the ascending wedges and bear flag chart patterns. I am targeting a short trade toward the 97.8 area, which will be my profit taking zone. This area represents...
Prices dropped sharply before forming an ascending wedge, which topped out at the 76 price level. Now, price has already broken out of this corrective structure to the downside and is making a continuation move, with two opportunities to scale in already gone. But you can still jump in with proper risk management and target the bottom of the corrective structure,...
AUDJPY has been trading between a nice range since early January. Potential SELL from 79.50 with stop loss set above 80.00 First Take Profit set at 78.50. The pair are also trading between an Ascending Wedge Pattern, this indicates a potential reversal