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Wedge

The Wedge pattern can either be a continuation pattern or a reversal pattern, depending on the type of wedge and the preceding trend. There are 2 types of wedges indicating price is in consolidation. The first is rising wedges where price is contained by 2 ascending trend lines that converge because the lower trend line is steeper than the upper trend line. In other words: the lows are climbing faster than the highs. These wedges tend to break downwards. The second is Falling wedges where price is contained by 2 descending trend lines that converge because the upper trend line is steeper than the lower trend line. In other words: the highs are falling faster than the lows. These wedges tend to break upwards.

Conservative traders may look for additional confirmation of price continuing in the direction of the breakout. The target can be estimated through the technique of measuring the height of the back of the wedge and extending it in the direction of the breakout. A common stop level is just outside the wedge on the opposite side of the breakout.
climbon23 climbon23 EURGBP, 240, Short ,
EURGBP: Eur/gbp short setup
15 0 1
EURGBP, 240 Short
Eur/gbp short setup

If the 4h divergence is confirmed on monday, we can expect a breakeout of the smaller wedge with a target around 0,9

Dukascopy Dukascopy PRO USDPLN, 60,
USDPLN: USD/PLN 1H Chart: Channel Up
7 0 2
USDPLN, 60
USD/PLN 1H Chart: Channel Up

USD/PLN 1H Chart: Channel Up The American Dollar is trading against the Polish Zloty in two week long ascending channel that started to form after the currency exchange rate changed a direction and jumped through the 55- and 100-hour SMAs to the top. By the moment, it consists of four confirmation points, which means that it has reached maturity and might be ...

tom_mok tom_mok EURGBP, 240, Short ,
EURGBP: Watch for EURGBP
101 0 8
EURGBP, 240 Short
Watch for EURGBP

looks like big downside movement will come. just watch when the wedge broken. as we have bearish divergent.

EXCAVO EXCAVO ETCUSD, D, Short ,
ETCUSD: ETEREUM CLASSIC
4500 12 50
ETCUSD, D Short
ETEREUM CLASSIC

ETC/USD look like GARTNER HYPE CYLE

Akil_Stokes Akil_Stokes PRO GBPJPY, 240, Long ,
GBPJPY: GBPJPY - Falling Wedge Into Previous Structure Support
2414 40 60
GBPJPY, 240 Long
GBPJPY - Falling Wedge Into Previous Structure Support

The GBPJPY has created a falling wedge pattern that is making it's way back down into a level of previous structure support. This will be an interesting decision point for the market to see how it reacts at the 1.44 psychological level. Akil

EXCAVO EXCAVO STRBTC, D, Long ,
STRBTC: STELLAR
6891 31 116
STRBTC, D Long
STELLAR

Tedious Stellar?:) Fibonacci levels + Pattern + Cycle Thanks for the support

EXCAVO EXCAVO GBPJPY, D, Short ,
GBPJPY: GBPJPY
1668 4 69
GBPJPY, D Short
GBPJPY

Long term trend - down Look like rising wedge

EXCAVO EXCAVO BTCUSD, 120, Short ,
BTCUSD: Bitcoin
20452 81 218
BTCUSD, 120 Short
Bitcoin

The fall continues

CryptoSyndrome CryptoSyndrome XVGBTC, 240, Long ,
XVGBTC: XVG/BTC market prediction
659 3 9
XVGBTC, 240 Long
XVG/BTC market prediction

Here we can observe a Falling Wedge pattern in progress with XVG. Maybe we will witness a new All Time High within the next uptrend.

Deneb1 Deneb1 BTCUSD, D,
BTCUSD: Possible BTC scenario
104 2 3
BTCUSD, D
Possible BTC scenario

Bear pennant on 15, Daily DeMark indicator on 13, high volume on first touch on top of channel. Formation of second top and correction on rising wedge.

AwesomeTrade AwesomeTrade SCBTC, 180, Long ,
SCBTC: Sia Coin at the crossroads - Dive or Fly?
636 6 9
SCBTC, 180 Long
Sia Coin at the crossroads - Dive or Fly?

We can see a clear falling wedge which is a bullish sign. The lower trendline is flatter as bears are not able to push the price lower. We are coming to the end of the pattern. We could expect a break out. If the market manage to cross the upper trendline supported with volume and a few successively rising candles we could enter a new bull run. In the other ...

TElphee TElphee ETHUSD, D, Long ,
ETHUSD: Ethereum buy and see. ETH/USD Technical analsis.
350 1 12
ETHUSD, D Long
Ethereum buy and see. ETH/USD Technical analsis.

Logistic Wealth Management - Ethereum (ETH via Coinbase)COINBASE:ETHUSD Strategist - VirginiaTElphee 7/23/17 What are Crypto Currencies? How does Ethereum differ from Bitcoin? http://www.huffingtonpost.com/ameer-rosic-/ethereum-vs-bitcoin-whats_b_13735404.html Technical Analysis Charts looking bearish with a healthy test of .786 fib level. Price has broken ...

onefiftythree onefiftythree PRO LUNBTC, 120, Long ,
LUNBTC: $LUN not done yet, bullish
86 0 2
LUNBTC, 120 Long
$LUN not done yet, bullish

Falling wedge pattern on $LUN, to my amateur eyes. With only a $40 mil market cap currently, I'm seeing a LOT of upside potential still with this coin. Interesting, promising fundamentals — a decentralized Wikipedia. Most P'n'D coins drop a lot harder and faster than Lunyr did here.

Shwayze Shwayze OMGUSD, 60, Short ,
OMGUSD: OMG USD - 1 HR chart rising wedge/bearish div.
462 2 9
OMGUSD, 60 Short
OMG USD - 1 HR chart rising wedge/bearish div.

OMG USD has been witnessing unreal gains. It has recently went from $1.41 to $7.50 in a matter of days. However, price seems to be consolidating over past couple of days, creating multiple patterns. In the long term trend channel, we see a rising wedge formation, with a definitive bearish divergence forming in Relative Strength Index. In most recent ...

GrowInvest GrowInvest PRO SILVER, D, Short ,
SILVER: Sell signal
119 3 3
SILVER, D Short
Sell signal

Short opportunity on Silver.

IQ IQ EURGBP, D, Short ,
EURGBP: EUR/GBP short opportunity!
59 0 6
EURGBP, D Short
EUR/GBP short opportunity!

Hello traders! This pair retested previous High and at this moment is forming a rising wedge pattern. We may get a short opportunity if we see a strong down impuls. Watch the price action. DO NOT JUMP INTO THE TRADE!

SN_Doumet SN_Doumet PRO EURGBP, D,
EURGBP: EURGBP - 2 POSSIBLE SCENARIOS AND 2 APPROACHES
394 0 15
EURGBP, D
EURGBP - 2 POSSIBLE SCENARIOS AND 2 APPROACHES

- Aggressive Approach = I could sell right now after the Daily Doji at the top of the Wedge and ride the price down to the bottom of the Wedge, and then Buy and ride the price back up -Conservative Approach = Wait till price reaches the bottom of the Wedge at (4) and the Buy. -Scenario 1 = Price could break out from the Wedge to the Upside (since it's retesting ...

RogueDave RogueDave BTCUSD, 240,
BTCUSD: BTCUSD - The FOMO is so thick, a chainsaw is required to cut it.
517 10 10
BTCUSD, 240
BTCUSD - The FOMO is so thick, a chainsaw is required to cut it.

Stepping back a bit from Elliott Wave Analysis (yeah, I do that too, but there are so many other voices...), the Fear Of Missing Out (FOMO) radiates all over the BTCUSD charts. What my experience has been, is that the FOMO does not lead to sustainable breakouts. Key word: Sustainable. It is most obvious on the Kraken data feed. It actually traded at an ATH, for a ...

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