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Wedgeformation

📈 $ARUSDT Two-Week Falling Wedge Spotted! 📉Hey traders! I've identified a potential falling wedge pattern on the ARUSDT chart, observed on the two-week timeframe. Let's explore this setup and see what it could mean for potential trading opportunities. Here are the details: 📌 Ticker: BINANCE:ARUSDT 📌 Pattern: Falling Wedge 📌 Timeframe: Two-Week 📊 Chart Analysis: BINANCE:ARUSDT has formed a falling wedge pattern on the two-week timeframe. This pattern is characterized by converging trendlines with lower highs and lower lows. It often suggests a potential bullish reversal. 📈 Potential Bullish Scenario: If BINANCE:ARUSDT breaks above the upper trendline of the falling wedge with a significant increase in volume, it could indicate a potential bullish breakout. Traders may anticipate a price rally and consider long positions. 📉 Alternative Bearish Scenario: In the event of a breakdown below the lower trendline, it may invalidate the falling wedge pattern, and a bearish continuation becomes a possibility. Traders should remain cautious and monitor price action closely. 💡 TradingView Analysis: For a more detailed analysis, check out the BINANCE:ARUSDT chart on TradingView 🔍 Join the discussion and share your thoughts on this setup in the comments below! Are you watching BINANCE:ARUSDT ? 📣 Don't miss out on the latest trading insights and setups! #ARUSDT #FallingWedge #TechnicalAnalysis #TradingView #CryptoTrading #TradingSetup Disclaimer: This is not financial advice. Always do your own research and consider your risk tolerance before making any trading decisions. Happy trading, and may the markets be in your favor! Professor Node It All
CRYPTO:ARUSDLong
by STP_MrNodeItAll
1
XAGUSD - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
OANDA:XAGUSDLong
by Tradelikemee
Bitcoin Head & Shoulders Still in Play!CME:BTC1! CRYPTOCAP:BTC is still in the head and shoulders. My original idea was posted on this link: tinyurl.com and can be referred to. Price Action is printing a downward channel providing ideas for a possible retest at the 25.2k zone. But the price action stays in the pattern until break of structure. Plan A: Short to 24k and possibly 21k ... (you could possibly get higher entries if the price is going sideways). Plan B: Long on successful retest with first target to 31k and on successful SR Flip to 45/48k!! Step by step - let the price come to you at an area of value and enter on trigger. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
CME:BTC1!Short
by imr4nkh8n
USD/CHF Possible PeakWe are are pushing up into new yearly highs. Price has nibbled through a few times from what it looks like from the three push pattern. It was good for a 150 pip drop. Sellers who took their profits are good. What about the sellers who anticipated a further drop and held on? They are in serious heat right now and trailing/break even stops have been hit. Now we have another pattern presenting a selloff even though we are witnessing previous sellers taking heat. These sellers will get let out. But not soon. Damage have to be done first. It could take days or weeks. Very rarely we screw up that bad to be right back into profit the next day or two. Also we still have sellers from end of day pop ups who haven't taken much heat. They guys will be targeted in the coming days. Then breakout buyers will be rewarded and taken sideways again. FX:USDCHF
Short
by PEAKFINDER
WAVESUSDT is testing the supply zone inside a rising wedgeThe price had a nice breakout from the descending channel on the daily timeframe. After the breakout the market had another breakout from the static daily resistance with volume on 1.8$ area. on 4h timeframe the price is testing the supply zone, the 2.5$ area is a key level for WAVES, and now the market is creating a rising wedge. A rising wedge is a bearish chart pattern consisting of two converging trend lines, with the first line connecting the recent lower highs and higher highs, and a second trend line connecting the recent lows. The resulting shape looks like a triangle that is angled upward. The opposite of a rising wedge pattern is a falling wedge. What's next? If the price is going to lose the local support and retest it as new resistance we could see a retracement until the previous daily support on 2$ area
W
by InkyGrip
6
UNH: Can trend line hold bears?United Health Group Short Term - We look to Buy a break of 506.00 (stop at 485.43) The primary trend remains bullish. A sequence of daily higher highs and lows has been posted. We can see no technical reason for a change of trend. Trend line support is located at 500.00. Further upside is expected. Our profit targets will be 558.58 and 580.00 Resistance: 560.00 / 580.00 / 600.00 Support: 500.00 / 450.00 / 400.0 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:UNHLong
by VantageMarkets
1
VZ: Further downside expected?!Verizon Communications Inc. Intraday - We look to Sell at 38.68 (stop at 41.29) The primary trend remains bearish. Trading within the Wedge formation. Prices expected to stall near trend line resistance. Preferred trade is to sell into rallies. Our profit targets will be 31.18 and 28.00 Resistance: 39.00 / 48.00 / 55.00 Support: 35.00 / 25.00 / 17.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:VZShort
by VantageMarkets
Crude Oil Remains BullishHello traders, today we want to update our Crude oil chart compared to USDMXN currency pair from October 06. As you can see, Crude oil remains nicely bullish after we spotted a bullish reversal out of the wedge pattern. At the same time USDMXN pair is breaking out of bigger bearish wave B triangle pattern. Well, Crude oil is now trying to continue higher within wave C/3 at least up to 97-98 area for wave C if not even higher above 100 for wave 3. In the meantime USDMXN could easily stay in the downtrend within wave C with room even down to 18-17 area. What we want to say is that Crude oil can easily stay up, while USDMXN pair can face even more weakness, just be aware of short-term pullbacks. Trade well!
TVC:USOIL
by ew-forecast
Crude Oil Can Be Turning Back To Bullish ModeCrude oil has been trading south for the last couple of months, but the price action is not so strongly bearish anymore and the wave structure is getting overlapped. It means that Crude oil is running out of steam within an ending diagonal (wedge) shape. Well, with current break out of that wedge pattern and with recovery above the upper ending diagonal line, seems like Crude oil found the support. However, from technical point of view keep in mind that bulls can be confirmed only above 97.50 region. One of the main reasons why Crude oil can be supportive is bearish USDMXN as they are in negative correlation. Looking at the USDMXN daily chart we can see it clearly bearish, currently finishing a big bearish triangle formation within wave B. So, it can send the price even lower within wave C towards February 2020 pandemic lows. Respecting the price action from technical point of view and wave structure from Elliott wave perspective, seems like USDMXN will face more weakness, while Crude oil may start recovering in an impulsive fashion. Happy trading!
TVC:USOILLong
by ew-forecast
4
LTC: Buy dips!Litecoin Intraday - We look to Buy at 59.12 (stop at 57.35) Trading within the Wedge formation. We look for a temporary move lower. Trend line support is located at 58.80. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Our profit targets will be 63.40 and 65.00 Resistance: 63.50 / 74.00 / 133.00 Support: 59.00 / 47.00 / 20.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:LTCUSDLong
by VantageMarkets
GRTUSDT Ready for the breakout?The price is testing the demand zone on 0.26$ below the monthly support on 0.29$. On the daily timeframe the price is creating a descending channel, and now the price is creating a falling wedge inside it. How to approach it? We need to wait the clear breakout from the supply zone at 0.35, where the market has the dynamic and static resistance. IF the price is going to have a breakout According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
Declining Wedge in the S&P 500This is a chart of the S&P Futures (ES!) showing a declining wedge pattern. While technical analysis is admittedly down on the list of my personal trading hierarchy, I think this particular formation is presenting some interesting implications and possible trade ideas. Macro factors not withstanding, I wouldn't be surprised to see either A) more channeling between the 4150 - 4400 range, or B) a relief rally north of 4500 over the next month or two. The Declining Wedge idea supports this thesis... The statistics indicate that Declining Wedges are not a great performer compared to other patterns - and that's ok, because these trade ideas don't need them to be. If we temper expectations and use defined risk, a modest snap to the upside can offer some nice profitable trades. I like to use the "Encyclopedia of Chart Patterns" by Thomas Bulkowski to give my technical analysis some statistical grounding. According to his research, in the context of a bear market (which we seem to be in, at least in the short term), a Declining Wedge has about a 75% probability of making a 5% reversal move, and about a 68% probability of moving 10%. The S&P also currently meets the identification guidelines of a minimum of 5 trend line touches and declining volume (as depicted in the chart). Also note that the Wedge is occurring near the edge of the value area on the Volume Profile. So how to trade it? Since the Declining Wedge isn't a particularly strong pattern, I'd recommend using a defined risk strategy like a vertical spread. Unfortunately due to the current elevated level of implied volatility, vertical CALL spreads aren't pricing particularly well - but here's one: Buy SPY 435 18 APRIL 22 CALL Sell SPY 437 18 APRIL 22 CALL ... this was pricing around a -0.78 Debit... its not a great risk reward, but its viable and fits within the thesis - but what if we dig deeper? Consider for a moment that on a Year To Date basis, the Nasdaq is lagging the S&P. The NQ is rallying considerably this morning, but before the open, it was down by about -14% YTD vs. -11% on the ES. So perhaps if the market bounces over the next month, it will be propelled by mean reversion in the NQ. The NQ is suffering from the same problem as the ES so from a risk reward standpoint, the spread I'd build in the QQQ would follow the same logic as the trade in SPY above - you just might get a little more upside movement in the NQ and thus a little more bang for your buck - maybe... but here's an interesting idea... Can you think of a Nasdaq stock thats been nearly cut in half since the start of the year? Because I can - Facebook. Regardless of the Declining Wedge idea, FB will likely have a vicious relief rally in the coming weeks, if for no other reason than the eventual short covering. I'm very interested in putting on a ratio back spread in FB in anticipation of that move. Something like this: SELL -1 FB 29 APR 22 CALL BUY +2 FB 29 APR 22 CALL ... this was pricing for around a +0.27 credit ... Bear in mind there is a significant amount of risk in this trade with a max loss of about $1,500 per unit. However, the exepected move for FB over the next 45 days is about +/- 30pts, which gives this trade fairly good odds of seeing degrees of profitability over that time - and bear in mind that the profit potential is pretty damn good considering the trade is being done for a credit. Happy trading :)
CME_MINI:ES1!Long
by InnerMotionTrading
ROSEUSDT is going to create a falling wedge The price had a huge bearish impulse, bounced on the weekly support on 0.3$ and had a new breakout. The price retested the previous support as new resistance and the market went to test again the previous weekly support on 0.2$. Connecting the lows and the highs, the price is creating a falling wedge exactly on the weekly support. How to approach? We are monitoring the price, we could see a double bottom on the weekly support. IF the price is going to have a breakout from the falling wedge and 4h resistance, and turn the previous resistance into new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
OCEANUSDT is creating a falling WedgeThe price got rejections from the descending dynamic resistance on the daily timeframe and bounced on the weekly static and dynamic support on 0.4$ 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 price is creating a rising wedge inside the main structure. The rising wedge is a bearish pattern, but, if the price is going to create a false breakout, we could see a breakout from the daily resistance. The setup is valid only after the daily breakout with retest and according with Plancton's rules –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
OLong
by InkyGrip
12
BTCUSDT is creating a rising wedge?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 candle created a false breakout, no bullish momentum followed the candle, and the Volume is decreasing. If we exclude the nervous candles about the war, we can identify a rising wedge. A rising wedge with two up-sloping trend lines. The volume trend usually slopes downward. How to approach? We are monitoring the price, a clear breakout of 38300 with retest should be a clear sign for a new bearish impulse, 37k is the first 4h support. The setup is invalidated if the price is going to have a breakout and retest of 42k –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
12
INJUSDT is testing the 6$, ready for the breakout?The price is creating a falling wedge on the 4h timeframe inside a descending channel. The market is testing the daily resistance on 6$, 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$, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
4
GALAUSDT is testing the 0.786 Fibonacci levelThe price is testing the 0.786 Fibonacci level on the daily timeframe after a breakout from the falling wedge and a rejection from the daily resistance on 0.4$ 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, According to Plancton's strategy , we can set a nice order. The setup will be invalid above 0.3$ ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
14