Hi everyone this how i see the eurusd this week ...
First of all last week we had a break of structure ...
So most likely we are going up , but i have a few reasons that make me think the other way ...
1-the price is reaching a sell area .
2-the price is forming a wedge pattern .
3- the price did not retest the area that broke the structure .
4- i think the...
Hi
In this published idea I'd like to show you the correction to my previous update that said long Bitcoin.
With this update you can see a much better picture of the Vix cheat sheet custom script indicator. You can use this by going to the custom script indicator then clicking Vix cheat sheet.
As you can see it says for the next weekly candle we could...
XLE looks like its forming a nice Rising Wedge on the daily chart. The bad news is we're heading into the Summer which usually leads to higher demand, and Rising Wedges aren't particularly good performers from a statistical standpoint. The good news is that they do offer about 2:1 odds of a reversal once the Wedge breaks. In addition, the momentum indicators are...
Monthly TF, BTC broke Rising Wedge, since then been going down.
Question is whether BTC gonna go back up for that retest or just crash down?
BTC was filled as a LV when it went from $9k-10k to $69k.
Rule of thumb: LV always get filled the same way it went either up or down.
But BTC $10k is incoming for sure and real as that LV need to be filled.
It's gonna be a...
I know a lot of traders who are in the SQQQ banking on the idea that its on its way to retrace it's gigantic historical prices. I trade by patterns. Sometimes they work, sometimes they fail, for me they succeed more times than fail. What I see in the SQQQ is a rising wedge pattern. Rewind the clock 20 years ago and I would be chasing this breakout with the rest of...
price broke the bearish wedge and retest with price still under a resistance i expect fall from this level until 185.000 after broke we continue to 157.000
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. In my previous BTC post, I showed you that BTC is forming an inverse head & shoulder pattern and we got the breakout but it didn't go according to the pattern. This is just because everyone is talking about the same pattern (Inverse H&S) and market...
Rising wedge on the higher timeframe, price is currently touching the resistance level of the wedge which is the best place to sell from once the bears show up.
If the bears do no show up I will be looking for a break and a rest of old resistance as new support then I will get in for a buy.
However I would prefer to sell UsOil as I would be selling high.
TOTAL 1 MARKETCAP
1ST target met which was a Rising Wedge pattern and a confirmed breakdown on the DTF and WTF.
I drew this pattern on my chart January 2022.
you can also see on the WTF it is losing the multiyear TRENDLINE SUPPORT, I would expect a bounce otherwise
2ND target 800B 2018 cycle HH.
3RD target Weekly Head & Shoulders 400-500B.
NOT FINANCIAL ADVICE.
Hello traders!
Gala has formed a strong sell pattern.
We can see a J shape pattern. Normally market fall after the first bearish candles but in some cases markets forms a rising wedge pattern at the peak and then drops.
In this case the rising wedge is already broken and i am expecting a dip in GALA.
If the market dips lower and breaks the 0.0720 then the...
The price has formed a rising wedge. We expect the price to breakout below wedge and continue the bearish momentum. We are looking for a 38% of the Fibonacci retracement. After the price reached its target, move the s&l to the entry point.
Target: 0.7511
Entry: 0.7670
S&L: 0.7749
Hello Friends!
Breakdown out of this rising wedge on the back of a death cross can drop the price to potentially 3 target levels.
-$87.20
-$79.20
-$59.51
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
This is a correction post from my previous post as Tradingview Ideas are uneditable & undeleteable after 15 minutes.
According to the price target of Head and Shoulders pattern in
Daily timeframe here, Bitcoin will inevitably hit $29,000.
There is also a rising wedge pattern that is forming right now.
Rising wedge is a bearish pattern. The broken bottom...
