Hello traders! US30 has broke the trend line and the h3 candle have closed below the trend line, which is valid for sell. However price could retest the trend line around 33700 before a further drop. You arer welcome to drop your idea in the comment section.
This is a Continuation Wedge Pattern, Medium-term Bearish. The inbound duration took about 64 days. the expected pattern duration *from the break of the wedge*, is roughly 22 days. with a target price anywhere around that 200 area. say 199 - 207 i dont want to keep boring you soo, i hoped you enjoyed this, and if you did could you kindly smash like! Happy...
DXY has strong resistance from year's high: 93.0- 93.5 we will wait for bear breakout from rising wedge channel to confirm it. If DXY break thouht Year's high without any hesitation, bullish continuation will be expected on the index.
Here we can see again a beautiful trade coming up. Keypoints; - Rising Wege in the 4H time frame - Rejection coming from top and selling pressure on the wicks. - Almost near to supply but maybe rejected earlier. - To touch the trendline. Simple concept, good risk management and let's rock it together.
NSE:SAIL Overview: Sail delivery trade- BUY(102) | Sell(122) Fundamental: NiftyMetal has already been declined by 8.5% which result into bearish momentum. Now it has been anticipated the metal stocks are going further down due to contraction in Tangshan steel production which effect the Metal industry and likely construction prices are hiked and stay in...
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DAX is currently struggling to penetrate the resistance area in purple. It is also forming a Rising Wedge on the way up which indicates a possible drop to the levels between 10 700 and 10 500 Key level - 11 063 - Sell if broken Good Luck
Rising Wedge Pattern Broken downside , thankYou
AUDCAD pair is making correction after a rally above 0.90200. The corrective wave is taking the shape of a rising wedge on H4 which potentially is bearish. Waiting for a pullback to 0.90039 for a short trade
Daily chat is showing descending channel being made. Going on a lower timeframe, price respected resistance zone 3 times which is a triple top at best. Going on the 15min for entry, I see price also made a rising wedge + 3 minor triple tops as well so this has me believing that price will go lower.