Timeframes - Weekly + 4HR
If a continued FB rally will happen it will be after the break of 254-256. There was some good news coming from the FB side, not just from ER but as well as the "Tik-Tok" news. So maybe if they release their very own "Tik-Tok" investors will buy the early rumors/news. We are due for correction from a TA POV, but if the market movers...
Mindtree was looking bullish with bullish flag previously but a rising wedge/bearish wolfe wave now confirms to exit from long , a small correction can be seen before upmove. As i said earlier wolfe wave is on of my favrite pattern and 90% times it hits the target. So never ignore its presence in chart. Targets on chart...
LAC was in an Rising Wedge formation but broke out bullish and also broke a resistance level of $6.06. Also the RSI is in bullish territory and ADX points to a strong trend. Today we came down to backtest the breakout level. You could try to enter now but if you want to be more on the cautious side wait until the price rises back above the $6.60 level of the...
a rising wedge pattern gives us a short market bias but we need more evidence before placing any sell order, wait for the price to breakout the support level 1!
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Hello analysts and traders,
We have a long term sell in play - the reason why is end of the month and positions are manipulated in order to create tops and profit take.
is there a looming supply in which the supply and demand imbalance has created with retail traders still hoping for further longs?
Or are August September going to be safehaven assets?
EUR/USD ends the week on a high and holds above 1.14 despite issues at the EU summit.
Price moves roughly 85pips in our direction validating our bias (see link below) last week. In this regard, we might be expecting a correction in anticipation of a Bullish run in the coming week(s) as price breaks our Key level (1.13900) to form a Rising Wedge.
Today’s Analysis – BTCUSD- at key technical level where a short trade is valid with defined risk.
Points to consider,
- Rising wedge pattern
- Local support (technical target)
- Dynamic Resistance
- Oscillators bearish divergence
- Volume below average
BTCUSD is trading in a probable rising wedge with the technical target in confluence...
As we can see Rising wadge has been made by GRASIM.
The Rising wedge is a bearish reversal pattern. It suggests that as the price tightens up, the uptrend is getting weaker and weaker,and may finally break through the lower trend line.
As it does with Ultimately Lucrative R:R
Break of the hourly 50MA will confirm a price correction, bounce confirms continued expansion toward the 27.00 level. Confirmation of wedge pattern should be looked at as an opportunity to go LONG at a good entry.