Broadening Wedge

The way I see it, this is either a broadening wedge or a falling wedge. The difference is that if this is a falling wedge, we might be approaching the falling wedge resistance to around $3740 which coincides with a 38.2 fib retracement to the 29 November high. There is also bullish divergence on the 1H MFI so expecting a move to $3740. We either then have a strong...

nice profit opportunity if the broadening wedge will work. under the trend line is stop level

Hi friends! Welcome to Poop's Wyckoff Analysis on Komodo. Ever since I learned about Wyckoff Method, I began to include it in my trend trading strategy for the simple reason that it is among the best tools a trend trade could use to spot bottoms and top formation. Today I'm showing you how it looks on $KMD Chart and hopefully aid you in your trading. $KMD is on...

Rising price and faltering volume in this ascending broadening wedge has me cautious. Not to mention price is challenging major resistance at 6k. Multiple sell signals are appearing and strength is peaking. If BTC fails here and fails the wedge we may be headed for a test of the structure that developed late last year. This could put BTC in the $4180 range. Right...

In the spirit of load-shedding in South Africa, i decided to try out the dark theme. Without futher ado, let's start our analysis. The price for this stock is forming a descending broadening pattern, and i expect it to continue to bounce against the pattern's support and resistance zones. The price for this stock is currently creeping towards a resistance level...

Hi friends! Ive recently noticed a very familiar price action that we saw on $LTC in recent months on CVC. If it does follow the pattern, it will likely send $CVC on a 200% rally from its current price. We have also seen similar behavior on $KMD and $STORM. It has recently bounced...

There is broadening wedge which means is a short term opportunity on 4h chart.

Theres is a long-term broadening wedge/channel, and we are close to the top. Watch for clear reversal, and this could be a profitable short. Word of caution: GBP pairs are extremely volatile in these weeks, given the BREXIT soap opera. Use wide stoplosses.

targeting 51-52 important lvl

Come on. Everything under control. Broadening WEDGE enabled. It was a beautiful BULL TRAP coming out of a large Falling Wedge followed by a False BULL FLAG. Great move. Great trap. Bears are still in control, are not they? Take a look at my previous STUDIES and they will prove the armed farce. You were warned. I'M NOT TOP TRADINGVIEW I'm not a FAMOUS I do not...

Selling Opportunity For EURCHF

While studying the charts, I noticed that a 2.618 Fibonacci extension nicely coincides with the top trend-line of a potential broadening pattern. Do I believe this will play out? No. Is it possible? Definitely. I doubted we'd see 26,000 without a wave down, so at this point, what's another 1000 points up. No big deal in this crazy market. Please see my...

ELF have been in accumulation for long and even in this pump didn't fully achieved targets. We are inside a broadening wedge and we are going for the kill before mainnet release at 31st March. ABCDE Wave pattern will be completed soon giving us a reversal buy zone, I'd like to call attention that point E (buy) more often than not reverses half way to bottom, and...

Identifying a Right-Angled Broadening Wedge Right-Angled Broadening Wedges come in two varieties, ascending and descending. They consist of a horizontal trend line and a sloping trendline . The Ascending Right-Angled Broadening Wedges (ARABW) have an ascending trendline above the horizontal trendline with price action in between. The Descending Right-Angled...

That's really funny. The trap is armed! A FALLING WEDGE IN A ROLLING TRIANGLE With a BROADENING WEDGE? I'm literally ready to see it! To the moon? 100k? Just a lunatic to believe that. Or rather, the same that follow the great TOP TRADINGVIEW. You are too funny. Stop spreading false specs. Look for another job. This movement is totally bass. Come on UKRAINE TRADER...

Pay attention to Chinese GDP to be released early on Monday. The pattern and the levels as described on the chart. Setup details on the member's section. Have a nice trading week !

A not-so-obvious formation. Most likely rejected now from top, one more swing, and then breakout to either direction.

After what seemed like neverending volumeless sideways movement, we finally broke up bullishly and we have now hit the breakout target of the descending broadening wedge give or take a quarter of a pip and have also hit a very strong former resistance line just below the neckline of the inverted head and shoulders that we are now finishing the right shoulder on....