There is very clear inverted head and shoulder pattern in the near term however big view is better. Daily chart shows that ICP is about to breakout from downtrend wedge and it can start with current h&s. Check comments for daily chart
The price bounced on the monthly support of 100$ after a false breakout from it. On the daily timeframe, the price is creating a falling wedge exactly on the monthly support. In 4h timeframe, the price is testing the resistance on 115 after a first breakout. How to approach? If the price is going to have a breakout from the 4h resistance and dynamic daily...
The price got rejections from the descending dynamic resistance on the daily timeframe and bounced on the weekly static and dynamic support on 0.4$ On the daily timeframe the price is creating a falling wedge on the weekly support and now the price is trying to have ha breakout from the upper trendline and static resistance on 0.52$ On the 4h timeframe, the...
Bitcoin had a bounce from our weekly support after a dump due to war, the price created a V shape. On the 4h Timeframe, the price is testing a key level on 39600 on the daily resistance on 0.5 Fibonacci level. If you look on the left you can see an accumulation before the previous bearish impulse, it means that this area is so strong to break. the previous...
The price is creating a falling wedge on the 4h timeframe inside a descending channel. The market is testing the daily resistance on 6$, it's a key level A falling wedge marks the corrective phase in this measured move-up formation. Note the receding volume trend of the wedge. How to approach? IF the price is going to have a breakout from the 6$, According to...
The price is testing the 0.786 Fibonacci level on the daily timeframe after a breakout from the falling wedge and a rejection from the daily resistance on 0.4$ On the 4h timeframe, the price bounced exactly on the previous support and dynamic one on 0.2$ How to approach? IF the price is going to lose the support and retest the previous support as new resistance,...
Price Action and Chart Pattern Trading > Possible bullish wedge reversal breakout in timeframe 4H > Entry @ Breakout trendline and stop zone accumulation > Target @ Volume Profile POC level Fibonacci zone 0.786 - 1.0 > Risk ratio 2.5: 1 Indicator: > Smart Money and banker chip significant volume support > Fund Flow bullish divergence > KDJ uptrend reversal...
COINBASE:BTCUSD Wait for the break out and see if it finds support for entry .. and entry prior to confirmed breakout is very high risk and should not be entertained.
AGIX was traded in a falling wedge since September 2021. On 21st January price breakdown the lower trendline and find strong resistance between $0.13 and $0.11 – a high demand zone. Panic selling caused by market uncertainty, Russia – Ukraine conflict, etc. is over and whole crypto market is seeming ‘pretty healthy’. These in conjunction with the relatively low...
looking short on NZDUSD. nice rising wedge break out and retest. take trade your own risk.
It's been a long time coming but it looks like the Gold break out is getting very close now. On the chart there is 2 visible wedge patterns, one takes the extremes / outliers into account (trend lines marked in white) and the other excludes the outliers (trend lines marked in yellow), both are near the end. There is further confluence with the OBV indicator also...
Downtrend Wedge breakout Weekly Support line confirmation Entry 1.35 Stop 0 -- no Stop, this is gamble Target 4.6, 8.5 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
band broke out of this wedge and now it needs to step back a bit. rsi helped me confirm this idea and now just need to wait and then go long.
We're seeing our upwards trend continue this could confirm the beginning of a giant breakout. Obviously don't take this as advice this is just a look at chart, this is not advice on wether to sell or buy. BINANCE:BTCUSD
After a down fall of last week, Nifty taken a support on extended trend line of previous downward channel and consolidated for last 4 sessions. Today, it given a breakout of wedge pattern. It is a reversal pattern. Short term view of next 4-5 session suggests, nifty to move at 18000 level. consider, 17450 as support
In 2005 breakout, we saw lower highs and higher lows, In 2009 breakout, we saw lower highs and higher lows. This didn't reach it's peak until 2011. What will come next with our current setup?
SPX is right now about to break the Resistance of its falling broadening wedge. We have solid support underneath. Printed bullish divergence on RSI 4h And for the first time since dumping we see buying Volume coming in. Also divergence on Volume turning around (wyckoff style) moderate Volume easily drives price up
Down trend Wedge breakout + retest Entry 25 Stop 29 Target 45, 55 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.