Target 6.5 (already visited that price area last month) Need move to upside to complete pattern BTC is screwing alts over currently, idea might not come to fruition if BTC tanks more Comment if you agree/disagree! As always, NFA!
if this falling wedge breaks out it could reach all the way up to the target
4 hour chart is showing an ascending wedge within the daily chart showing a descending triangle. profit target of wedge width is the support for triangle. look for reversal at support of balance of power line on volume analysis on the previous run up. good time to short right now. thought??
Hello everyone Hope everyone is good having a good week in the markets... here's an idea on the POUND / DOLLAR * follow your entry rules on entries * significant moves with the bulls change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow...
Hindustan Petroleum Corporation Limited
Indicators and Patterns Monthly TF - Descending wedge being tested with ATH volume Weekly TF - 21EMA used as support for the first time - SMA50 being tested - Year-long squeeze reversed - MacZ MA passing zero line Daily TF - Cup & Handle formed - EMA21 has crossed all SMA's - Bear consolidation gave room from oversold territory - Bull cross on MACZVWAP - High...
From a TA standpoint, this is riding an uptrend since April and looking like a possible IH&S with desc wedge heading right into 3/2 earnings. On top of a weak WMT earnings where WMT noted a loss in market share recently, look for a run up into earnings banking on market share shifting to TGT. I believe new ATHs (204) will be tested in the coming weeks with all...
APOLLO TYRE descending triangle pattern TARGET 250, TRADE ON UR OWN RISK REWARD.....
This descending wedge pattern can lead to a bullish breakout in the following weeks. This idea makes a lot of sense given the recent price action. Short Term Bear Mid Term Bull Long Term Bull
Although there is momentum for NZDJPY to continue up, my bet is on a dump back to support. Lower and medium timeframes show the momentum has reached its peak while higher timeframes say it still has some room to go up. As it is a falling wedge, there is always the possibility of the breakout to the upside. It is best to wait for confirmation and get in on the...
Hello Traders, We are forming a big descending wedge on CMT, and we seem to be accumulating next to the resistance. If we break this maximum accumulation we can have a very nice uptrend movement in this asset, another buying point is next to the support of the wedge. Best regards, Sandro and Gustavo. Feel free to visit my pages if you would like to know more
Bullish Wedge is a form of Triangle Chart Pattern& is a repeatable trading chart pattern. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern,...