Rising Wedge

short 5 shares 196.71 2.5 shares at 197.63 small position slow movement

I see rising wedge -reversal pattern

Upwards breakout rejected. Short down at least to lower support line, in the $2.75 region depending on its rate of decline. Bearish cross on the daily Stoch, RSI very over sold. PPO moving down with some bearish divergence. Also remember that a rising wedge, particularly after some strong downward movement (as has just happened with PONY) is a bearish trend, and ...

I have found something very intresting in the BTC pattern. It seems that we retrace after every uptrend back to the 0.718 zone (blue zone) of the fibonnaci levels. Using this I have predicted the further trend of BTC. If I use this trend, it seems we are forming a rising wedge, wich is bearish. The target after breakdown of the wedge would be at the start of ...

There was a bull breakout that may lead to a rising wedge. The triple top area around 1.1810 is expected to attract some supply. Currently, the 61.80% retracement level of the previous bearish leg is hit and a rising wedge structure breakdown might provide a chance to take profit around 1.1720.

GBPUSD failed to break out the trend line which may significate that the price will at least reach the Fib 50 around 1.2965. More over on H4 we can notice that the forming rising wedge is being broken down by the price. All these information can reasonably give us confidence that the price will continue its fall. Trading idea: Sell GBPUSD E: 1.3060 SL: ...

AUDUSD Weekly Breakdown On the weekly chart price shows us a perfect rising wedge pattern, with a respective breakout and retest. To take a trade, entries will have to be assessed on lower time-frames. However, this gives us a strong idea where price is heading in the longer-term which can help us decide on a respective trade. Overall longer-term bias -- ...

After my last post, we dipped below 6470 but I got a lot of liquidation alerts so, till we close below the triangle on the 4HR timeframe, I'm neutral.

We've been in a symmetrical triangle for a while and we just broke out of a rising wedge within the symmetrical triangle. If we break down below the symmetrical triangle around 6470, next supports are 6300, 6100 and 5800. Expecting a move within the next few days.

$MMM is your stock if you like rising pincher plays.... trend lines on price action shown in black on this chart... treding upwards and making higher highs and higher lows, but the 200 MA is looming of SO many stock within the DOW30 right now on these DAILY charts... if it is respected by the price action... the likely outcome will be prolonged stagnation moving ...

daily chart risingnwedge

Break down will come at 80%...look at the situation...there´s doubble top in this rising wedge and a little higher is strong resistance zone...

6750/80 touch would make ascending triangle , but looks like rising wedge which has more touch points, better to watch bottom trendline support.

BTCUSD touched supply zone, we can one more time visit this zone and waiting for the correction to 6400 from the rising wedge. In global vision, BTC is moving in the great triangle and soon will be determined the trend movings after this pit stop.

Daily look at SPY breaking below its rising wedge. Will probably stay in the 2910-2920 area for EOQ but october willl probably see lower and good opp to BTD for end of year rally IMO.

H&S pattern formation + Divergence + Daily Ressistance (orange rectangle) + Rising Wedge. 2 Possible entries (manage your risk accordingly). - 1. @ Rising Wedge breakout - 2. @ Pullback after breakout of rising wedge. We can go for a quick 1:1 or 1:2, or if you are more aggressive you may trail your SL and set to BE after 1:1. Adjust your SL after ...

Only a breakout of support trenline could be considered as bearish signal on theSP:SPX

Want to post this to watch how it plays out. Charts suggest longing INTC and shorting AMD but I'm not sure if I wanna pick up pennies in front of an AMD steamroller so the safer play is swing long on INTC