There seems to be broadening wedge on the 15-minute chart. Price movement is contained and is alternating between the two non-parallel trend-lines (white lines). This tends to suggest the end of a rising price trend and the start of a reversal. Good risk/reward ratio. Will short here. Average Entry Price: $9435 Stop Loss: $9603 Final Target Price: $8884...
Wabi appears to be in an ascending broadening wedge formation, right now with a partial pullback out of it's channel. Look for a reversal once it reaches the top at 1.272 (0.00014309) Breakout is most likely downwards from this pattern, with a 10-15% drop likely, retrace back to Fib 0.618 (0.00011388) or even the 0.5 Fib retrace.
Hello Dear Friends! :) Today we are gonna look at only classical charting, and try to identify the different patterns. This is an educational chart - I hope you will enjoy it! Let's start from the left: 1. Bear Flag (Steep downtrend, followed by a small consolidation to the upside, and then another steep downtrend) 2. Broadening Ascending wedge (bearish...
Dear Friends! D4rkEnergY is back with his A-game. It's a tough market at the moment, but I have been pretty spot on lately. I'll admit when I'm wrong - and I have been that several times - but we have to remember to give our self credit, when we do a good job too. I can still see in the comment sections, that some ignorant (meant in a good way) people believe...
Like many of the Altcoins ARDR has been in a long slow decline. The bottom support of 0.0000300 BTC have been tested a couple of times and seem to hold. During the last four days ARDR have forming a Symmetrical Broadening Wedge which is an indication of increasing price volatility but no indication of direction as these wedges can go up or down. The Bollinger...
CHART TIMEFRAME: DAILY PATTERN : BROADENING WEDGE Details as described on the chart. DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Had BTC broken out upwards, it would have confirmed the existence of ascending triangle which in turn, along with broadening descending wedge, would have confirmed that bottom was reached. However, breakout downwards suggests that it was a rising wedge which acted in line with the prior move, as per the direction of the butterfly.
Breakout of broadening wedge - retest - consolidation + breakout
Hi Guys, quick Analysis, i spotted a declining broadening wedge on BTC USD. After H&S formation the support couldnt even be broken by the downtrend after H&S, now trend switches probably and goes for formation target at the first highest high of formation @ 15300 USD after breaking declining broadening wedge top-line. Wait for confirmation and once it breaks...
Broadening Wege pattern. Conservative: wait for better retest or a trend continuation setup.
Broadening wedge after volatile momentum short yesterday. Watching out for a breakout to initiate a respite probably back to 30 min EMA.
We have other confluence from usdjpy as well for short
USM is now in a broadening wedge pattern. Past volatility has proven profitable, hence my long order is till 50 MA and my short order is till the last low.Also, the volume has decreased showing there maybe a large breakout about to come and the Coppock curve is in a horizontal pattern and has also gone negative so it may rebound and go positive.
Eur consolidated and tested the 4h 100 EMA multiple times, broke out and retested the EMA.
Broadening wedge after trend continuation in higher time frame.
This is an interesting move folks; identifying an ascending broadening wedge pattern has the same chance more or less to continue downward or to breakout and go upward. In my opinion, based on the bigger trend's descending triangle wedge, and the minor descending triangle wedge following it (the fib retracements placed on the graph), my bet would go towards the...
A beautiful broadening wedge? Seems if fit the properties perfectly. Breakout target at 124 yens. Go long around 117. Close long if it doesn't close above resistance and wait for the next swing.