How to trade rising wedge patterns with entries and stop levels.
Two different types of Wedges both showing a similar sell point entry The sell point is right below the wedge, so if a breakdown occurs, a retest and consequent rejection follows This is common between both wedge patterns From personal experience I have seen Rising Wedges act more bearishly than Broadening (megaphone) structural wedges However both of them have...
IN AUDCAD we can see price is rejecting from its daily and 4H strong reistance zone and now price is forming rising wedge patterns in uptrend which is the sign of reversal one more confirmation is rsi bearish divergence but we need to confirm this after the breakout of rising wedge down side than we entr short position and out targets are wedge starting point...
EURNZD break rising wedges potential go up, at resistance line 1.71 . Place stoploss below support level 1.686. Have a nice trade guys
AUDUSD make rising wedges pattern, ready foto sell stop to make profit with it, dont forget to use stoploss, have a nice trade
Hello everyone, BTC/USD weekly seems to form a rising wedge and we can clearly see that since we bottomed around $3700 which got a lot of demand, price kept going up slowly but volume kept decreasing on its way up. Also as long as long we remain in this long term descending channel i clearly do not see us going higher than around $8800. I think we could double...
EA over extended and showing bearish divergence. Watching for break out. AUD interest rate news this evening could accelerate the move!
Top of strong regression uptrend on 4H chart, also sitting at the top of the rising wedge chart pattern, pullback likely.
This current upward trend is strong and may result in another Bump and Run or a complete creation of a new stronger upward move. RSI shows a weak setup however volume is large and could possibly lead to a break of the current trend. If this results in failure return to the trend from the resistance line is probable.
Back to using supply and demand analysis, by combining chart patterns, we get the potential for downside after EURUSD is confirmed to have a "breakout". Where in some patterns that are happening right now, the price is experiencing some "Rising Wedges" patterns. It is predicted that prices will decline with the target in the demand zone below. Best Regards, Don_Hawkish
Presence of a rising wedge, broadening ascending wedge, Costco has been on a massive bull run. Rounded top also present which may be indicative of a bearish move, but with the strong rising channel and regression trend of 0.92 (strong regression trend according to Pearson's R value) the chart appears definitely more bullish rather than bearish.
The Trade SPY and other index ETFs are putting in rising wedge patterns, as seen in the chart, every rising wedge has been met with a subsequent mean reversion at least, or more substantive drop at worst (i.e. the drop in May). So it is time to hedge your positions accordingly, both to protect and profit from the drop that looks set to come in the next week or...