GBPAUD breaks the Daily Rising Wedge Pattern, price is going to finish retesting the trend line now
Target Price is on the Fibonacci Cluster 1.618 and 2.24
FX:GBPAUD
-Fibomic International-
Currently experiencing a retest of the rising wedge, hopefully we will break back into the wedge making a bullish case scenario opening an opportunity to open a long position to the top of the wedge. However we could get rejected and retest the previous support. All depends on which direction Bitcoin is going to choose.
Hello , this is my first educational post in trading view I hope it will help you and give you a better knowledge to understand the Rising wedge pattern
Please tell me your feedback and suggestions
Back in october i drew this rising wadge and i completely forgot about it.Since than we got our third touch point and big bounce from it on the fourth of december.This rising wadge goes back from 2017 Bull-run and has multiple touch points on the upside and 3 touch points on the downside.
But we also have this rising channel and 3 perfect touch points on the...
There's not really much here to go of of other than the Wedge here but since it's a higher timeframe and near the highs of the range i'd say it's worth giving it a shot if you're looking for big moves.
I think yes BTC just tested its strongest support as resistance and printing Rising Wedge on H4 and Head and Shoulder on H1.
Wait for retest of resistance the way it did on 16th May and that's trigger your sell setup.
- We have a new parallel ascending channel on the 4h chart.
- Bulls need to break this channel to the upside, for continuation in this uptrend.
- The previous triangle structure can be definitely re-tested in the future, so be prepared for this case.
- But a major trendline from 10. November 2021 is now broken, so the trend switched to a bullish trend.
- If...
Chart weekly, CRV has big Rising wedge and it have retested at resistance $3.5 - 3.8.
This is oppurtunity to sell or short it when BTC.D breakout and BTC want to turn down.
You may look any analysis chart on my bio
This is not financial advice
Hello every one
LINK/USDT
🟡Chart is speaking it self !
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Hi everyone,
Thank you for considering reading my idea.
Looks like we are forming a rising wedge which is a bearish pattern. Target could be at $36,100 if we broke down the lower line of the wedge.
Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR.
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Juvs
I said yesterday in my post that we my go down to retest the bottom of the channel on the weekly timeframe which is going to be 33k.
Now i just opened small short position on BTC because of the retest of the rising wadge on the 4 hourly timeframe. My profit taking area is around 34k.
Dont be manipulited by this small pumps and trade smart.
Dont get me wrong i am...
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE POUND / YEN
* The PAIR has been trading in a ASCENDING channel just tested the base of this structure, awaiting a double bottom/ or any other confirmation as we might enter a strong bullish rally.
- Short term the pair looking for a momentum shift possibly...
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE DOLLAR INDEX
* The INDEX is currently trading in a RISING WEDGE , tested the ROOF of this structure.
- looking at a possible H&S FORMATION the 4H AND LOWER.
- Short term the pair has currently entered an uptrend on the 4h chart this.
- Strong bullish...
We seem to be showing some weakness on the RSI and MACD in the form of Bearish Divergences.
At the same time we are at the supply line of a Rising wedge Visible on the Daily and Higher Timeframes.
We have printed a Dragonfly Doji at the Highs and if we close Bearishly today it will be an Evening Star Doji Confirmation. I'm expecting about a 30%-60% Decline from here.
This is just an idea that I am posting that may or may not pan out. It is not financial or investment advice. I am definitely not saying this is the way forward but as I was tinkering one night, I somehow came up with this, and the more I looked at it, the more it made sense.
Using trend lines we have a potential rising wedge. Then I measured some fibs and copied...
solid white lines - multi year trend line
blue moving average line - 50 week MA
red moving average line - 200 week MA
pink moving average line - 128 week MA
It seems like the #DXY got rejected at the 618 fib retracement level.
As it is currently in a rising wedge pattern, if we break the wedge to downside, 95.13 will most like be temporary support, however:
Based...
When Bitcoin price was getting closer to the major resistance area (39500 - 41K) we already warned you 3 times that sell-off pressure could spike which can cause further price dump. Soon after our warning, BTC started to dump and fall in price, it has first broken out from the Bearish Flag pattern it created on the daily timeframe and moved downward toward the...
