CCI is building a rising wedge formation. If this breaks down below the 50 day moving average at $87, it could be an easy drop down to $80
* Trade Criteria *
Date First Found- January 13, 2017, new trade criteria- February 19, 2017
Pattern/Why- Rising wedge formation
Entry Target Criteria- Break of $87.0
Exit Target Criteria- $80
Stop Loss Criteria-...
FL seems forming a rising wedge formation. Breaking below $70.13 would be wedge break-down confirmation, and if it breaks it can decline to $66.
* Trade Criteria *
Date first found- February 21, 2017
Pattern/Why- Rising wedge
Entry Target Criteria- Break of $70.13
Exit Target Criteria- $66
Stop Loss Criteria- N/A
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A rising wedge on the monthly chart of USD/CHF serves to confirm my fundamental analysis view on the US dollar vs. the Swiss franc. I will use the cyan line for my breakout entry and the green line for my target level.
Aviva have been channelling down for some years and is currently in a rising wedge about to meet the long term resistance. I would expect that it will turn at the resistance and fall given how established the resistance is.
The alternative scenario is that it is about to break major overhead resistance and would be a fantastic long position, perhaps I am...
Seeing almost identical pattern to before the "PBoC Crash" It's like the news only temporarily stopped the bull in the china shop. I see a bust through the ATH then a retracement to gather support around that mark - 1140ish
If the Grey line brakes, 1.225 could be the first target.
If it forms a rejection near the support lowerline (grey line), I believe it will form a rising wedge.
50% Fibonacci Support possible rejected.
Hey fellow traders. Today I am watching for GBPNZD to come up to the .618 area to complete our pattern in order to enter short. Keep your eyes out. Good luck and safe trading
Looking for the GBPUSD to make a reversal here. A perfect Cypher wouldve been at the 78fib, but the Order Block is up here. Looking for a 5min ICT reversal pattern
This could be another scenario on the EURUSD. Weekly chart shows downside potential. Furthermore the price build a rising wedge and reaches a resistance zone on the D1 timeframe. Could be a good short opportunity, if price breaks out of the rising wedge.
Almost a month long rising wedge pattern is coming to an end. Bearish divergence signifies the imminent trend change. Possible test of the 1.08 and 1.085 levels.
As we know that rising wedge is a continuation pattern , we might be seeing a continuation of a massive downtrend that started mid 2016. for more conservative trading, wait for a break through the...
I have been monitoring the formation of a rising wedge on the EURJPY pair. Formation performance has been estimated at around 260pips and I will be entering a short pending order as soon as I receive confirmation for the break-out.
I can also see the confirmation of a double top formation (or a 2618 play) in the making should the price move further South which...
