For Ethereum, an ascending wedge that shows a long-term Bull trend,
but at the price of a sub-$ 100 mid-July 2019 correction ... prophecy or mirage?
Anyway, for the days to come: I see a momentum halted net to max $ 200
with a bearish output of this wedge pattern at least equal to its internal amplitude.
DISCLAIMER: This is not an investment advice.
Falling wedge forming on Stellar Lumens. A falling wedge is a reversal pattern and we should watch closely to see if the price can break through the upper trend line of resistance (red).
If the price breaks through near point B, then we take our Fibonacci retracement between EA (highest to lowest).
If the price breaks through nearer to point D, after another...
Although having been bearish on TLRY most of the time, i today, stumpled upon this chart again and saw the falling wedge without even drawing anything.
Eventually we'll get a move down that closes within the lower blue line or something but generally this is very positive for the shorter term.
looking at 95-105$ range.
ps: yes, im charting this like a shitcoin
I went long on this I think Thurs or Friday. Higher highs and higher lows, nice basing pattern with breakout above triangle. My stop is @ $11.14 (about 10% plus is below swing low). Below $12.03, I would view as negative if it drops back into it's consolidation zone.
XOM looking nice today too.
I normally avoid ETFs as a general rule, but this ETF fit the pattern.
PRFMF formed a flag pattern and broke out of the wedge to the upside. It just tested the breakout... formed another wedge... & I think its ready to breakout to the upside and finish the initial wedge target.
GBPAUD is approaching the daily 200 MA at roughly 1.8040/1.8060 - This is also the 50% FIB retracement.
The pair are in a descending wedge pattern which is indicating a reversal, the RSI has also formed a descending wedge.
Entry for a buy at 1.8060 with a stop loss below the moving average at 1.7980
Target area of 1.8500 which is the 78% FIB
A mini rising wedge has formed in a bigger falling wedge on the 4 hours chat of the GBP/USD pair. a breakout of the the mini wedge upwards will see price breakout of the bigger falling wedge upwards. a breakout of the mini wedge downwards might see price holding the support level in a downwards movement. to trade this setup, you can find corrective patterns and...
This pair has broken all the vital levels technically, furthermore fundamentally its easily on the course of hitting the next resistance that lies at 114.00 level after which it might likely further target 118.00 level! However even though USDJPY seems it might HIT 114.00 level by next week or the week ahead, technically we are confined in a very concrete wedge...
though I have a bullish view on euro new zealand,
I anticipate seeing a pullback and only then the market will go further.
right now the market is approaching a significant level of resistance,
the price is coiling in a rising wedge pattern with rsi being overbought with divergence.
just wait and sell the...
AUDJPY has been trading between a nice range since early January.
Potential SELL from 79.50 with stop loss set above 80.00
First Take Profit set at 78.50.
The pair are also trading between an Ascending Wedge Pattern, this indicates a potential reversal
G/A is currently in an up-trending channel and is approaching the up-trending resistance that is wedged with a major support/supply zone on the 4hr chart. Price is looking very bearish at the moment on the higher time frames, on my chart we are looking for price to either bounce off the wedge at the liquidity zone (red bubble) and retest the uptreding resistance...
Waiting for breakout and restest of wedge right now for buy.
Has to breakthrough monthly before I consider any more bullish TPS. Bearish TPs will be posted once if it turnsaround
All signs point bearish. MACD, RSI, Gann Fann, TD Sequential, Short vs Longs, Volume, KC, Wedge. Wait for a close below the previous ascending channel unless you want to get fakeout'd. (Entertainment Only) (DYOR)