The pair has a falling wedge pattern nearing completion.
Personally, i dont trade falling wedge patterns, so im waiting for the rally back up into previous support.
Dear workmates !
Last week, we saw a nice correction of the strong dollar uptrend. This correction may be over for now. USD will probably trend up this week particularly against Yen.
DXY 1D Timeframe View :
We have a strong MACD divergence on 1D timeframe of DXY giving a nice long signal on US Dollar. A falling wedge is forming indicating a nice long term...
Targeting 1148 and 1103.
Hidden bearish divergence adds additional confirmation
Minor trend line is broken as well
Would be more confident when price tests 1174.05 for resistance
Note: Price is trading within a falling wedge (although not complete yet), so keep an eye out on that.
1148 will be a level a watch (refer to notes on chart)
Hi everybody !
Since my monumentally failed last trade on CHF due to an unexpected SNB's decision , I come back with this trade which could be, I hope, a good one this time.
Considering the situation with Greece which seems to get better we could see a nice move up on EURCAD.
On the technical view, we are at the bottom of a falling wedge which could end with a...
This stock has been beat down and now PBR is getting notable volume rolling into this stock on the bull side of things. Recently a Falling Wedge reversal pattern has gone bullish on the weekly chart.
USD/CHF has broken out of a 25 year falling wedge pattern that began in 1980.
You must purchase high-quality historical data such as eSignal to see past price action on this pair as TradingView only allows day up to 1992 on USD/CHF. The lower trend-line has 4 high quality touches rather than just the two TradingView displays.
When the EUR/CHF peg was removed,...
This technical stock is beat down and potentially close to breaking out on a Falling Wedge formation. I bought a token position and will add to position on confirmed breakout, if/when it happens.
See Falling Wedge chart description here: www.freeonlinetradingeducation.com
This technical stock is beat down and potentially close to breaking out on a Falling Wedge formation. I bought a token position and will add to position on confirmed breakout, if/when it happens.
See Falling Wedge chart description here: www.freeonlinetradingeducation.com
Here's a simple chart to see that last weeks may have pushed to an important milestone, in normal-scale (I usually use log.scale).
> In blue you can see the all-time support trendline
> in green/red the falling wedge, correction from ATH
IMO excluding less than 24 days spikes to draw TRENDlines is to be done, so you got my green and red bold lines.
Several...
I'll mark myself down as long more as a technicality then a true conviction. In my opinion the charting suggest this is bullish, but I like to interpret our break through the multi-decade wedge resistance as a critical point (yet to indicate a particular direction). Despite every suit on CNBC calling the fall of the dollar, I would argue on a historical basis were...
Falling wedges are bullish formations. This is a nice daily Falling Wedge chart and a Double Bottom might be created soon.
See here: www.freeonlinetradingeducation.com
I admit there a possibility that this is actually a descending triangle, but the idea of falling wedge looks so attractive that I'm willing to remain biased towards it. I guesstimate we will hit 1500CN¥. to bounce hit the ceiling and fall to ~1000CN¥ area,
I'm not making suggestions.
Falling wedge on GLD with Stochastics approaching overbought suggests one more pivot down to "E" followed by a longer term breakout to the bullish side.
AKAM Akamai is significantly strong fundamentally hitting all of our metrics. This is a Falling Wedge pattern that is bullish technically.
This stock is a buy if it breaks out past the $XX level.
Hope it helps,
Des
Owner of Grok Trade; Active traders for 17yrs.
I know $YELP is trading at extremely ridiculous multiples, and even with a high estimated growth rate its hard to justify said multiples. Revenue growth is looking good year over year, though it is starting to decelerate from previous levels.
In regards to the technicals, there seems to be a falling wedge pattern and a possible double bottom (if indeed the stock...
All indicators and patterns seem to point to BTC having been in a classic Falling Wedge since Dec 2013. With positive divergence in MACD and PPO, as well as a CMF about to turn positive, is a breakout of the wedge close at hand?
