-currently forming a bearish rising wedge -lower highs in supply zone from 385-393 - ultimately bearish since FOMC is 7/26-7/27 and J. Powell was considering another 75 BPS hike -looking for a reject at 385 to then come down to retest 373 again -crossover of the 20/50 SMA at 10:30 July 14-15 on the 4HR chart IF SPY pushes above trailing resistance line from...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is forming a rising wedge pattern in 1hr time frame which is generally a bearish pattern. Although, it is still inside the wedge but once it breaks below the wedge we can expect a drop up to $19k-$19.5k level. Invalidation level:- If any...
Bitcoin is about to break down this wedge out of a rising wedge and head to 19.2
#MATIC/USDT $MATIC rejected from upper line of rising wedge pattern and heading down toward lower line that will be around $0.51. 🐻 break down from lower line of this wedge will drop price more to support zone around $0.35. 🐮 but holding the lower line that is the same with descending trend line and break out from upper line will increase price to higher trend...
#MATIC/USDT #update $MATIC hold the lower line of wedge as support and pumped to broke out from upper line of wedge, and now faced a resistance zone. 🐮 possibly price will have a pullback to support zone around $0.6 and then will continue its rally to resistance zone between $0.8 and $0.9 🐻 break down from support zone will invalid bullish scenario and price...
#BNB/USDT $BNB is inside rising wedge and rejected from lower line of wedge. now price is inside resistance zone. 🐮 break out from this resistance zone will increase price to upper line of wedge that is the same with resistance zone around $250. 🐻 rejection from current resistance or next resistance and break down from lower line of wedge will drop price to $200...
Looking for SPY to enter green zone ($381.3 - $382). $384-$385 is looking to become the new resistance, this is where I entered. My contract expires 7/13, going to try and squeeze some profits tomorrow morning and take this to $382. Also seeing a rising wedge pattern along with a triple top, for those reasons I am strongly biased on Puts.
Hi, I believe this pair will consolidate until finding support and break towards downside until FIB level and the go rising furthermore.
- Ethereum is forming a rising wedge on the weekly scale, but there is stil missing a last 5th impulse Elliott wave. - The price is sitting on the 200 weekly moving average, it is good practice to think of this MA as a zone and not a level. - 200MA is considered as strong support by huge hedge funds and institutions and is probably the strongest MA on macro...
Bear channel, rising wedge, I will open a short soon.
Heres a quick trade for you short term traders scalpers or whatever ON THE 15 MIN TIMEFRAME WE HAVE A BEARISH WEDGE (as shown on the chart Entry 21.3k TP:20.5k Enjoy and go take a look on my other related idea. You're all losers Peace out.
in the rising wedge on the left we notice the same bull trap as on the right, thank me later! ;)
Big Rising Wedge Pattern forming on the VET Chart. Something to keep an eye for.
The price is testing the 4h support on 51$ after a breakout from the rising wedge and 4h resistance. The price could have a pullback on 0.382 Fibonacci level in order to grab more liquidity for a new bearish impulse. How to approach it? IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice...
The dollar is in a strong uptrend against the Japanese Yen, however, it seems it's time for a retracement. On low time frames, the price has formed a rising wedge that is now confirmed. The pair broke through the lower boundary and probably will continue down until the next support, which is near 133. We should see a bounce once the price reaches this zone. If...
The price is testing the daily resistance after a bounce in the 3$ area. On the 4h timeframe the price is creating a rising wedge on it and testing the 0.886 Fibonacci level, it's a key level. How to approach it? IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in...
Rising wedge after strong bearish A-B move to 61.8% fib Breakout of lower wedge boarder
Bitcoin finds itself flirting with 20K inside of a rising wedge on both price action and the RSI. Today's candle close will provide us with confirmation. Although, it looks as though the bearish pattern will play out accordingly.