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.
Hi friends! Welcome to PoopTrader's forecast for $BLZ There are a lot of reasons to believe $blz is about to melt faces and could very well steal the limelight from waves and $strat. First reason, a bullish diversion signal appeared in 1D Chart which spans to over 30 days. Second is that it recently broke out from a falling wedge which is bullish. Third is...
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...
There is a visible broadening wedge pattern better seen on the 1H time frame of Wall Street. It is basically a megaphone in a horizontal direction. There are probabilities for both the south and the north. Guesstimated ranges of price are shown - but this is not a prediction, as I do not know the future. The markets can do as they like and 'disobey' any...
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....
-Broadening bottom formation -Bullish Divergence -Interesting Volume -Trend Resistance Breakout Targets on the Chart Not a financial advise!
Broadening Wedge EURCAD | Measured Move | Measured Objective
Adex had a good run last month and will likely repeat it this time. It will likely surpass its previous high and breakout from a developing broadening wedge formation. It could go 3X if it happens. Let me know what you think. Thanks Not a financial advise!
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...
Bitcoin currently forming a rising wedge and showing strong hidden bearish divergence on the 4H MFI. If the larger formation is a broadening wedge, then we have already touched resistance twice and should be making a move towards our most recent trend line support which has been holding since 1 December. This is also a 20.75% drop from the 4 December high and...
Bitcoin is printing a bullish ascending triangle on the shorter time frames and currently playing out within a broadening wedge which is itself within a larger broadening wedge so there is potentially further room to the upside for btc and a lot of room to the downside if we drop below SMA200 on the weekly. The target of the ascending triangle is around 5% to the...