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Wedge

USDJPY; EXPECTING SHORT ?We experienced a gaps movement in usdjpy, as we all know it occurs as result of the release of a report that causes sharp price movements with little to no liquidity which usually happens during the weekend when market is closed. about 180-200 pips were covered. In respect of this structure the gaps took place at the down side which is also known as (GAP DOWN) and gap down indicates a buy signal. We observed how the pair moved up after the gaps However a confirmed reversal at this point would activate short movement below the resistance area. Happy trading week Thanks for reading
by Blaisefxacademy
BTC Breakout Update – Bullish Setup in Play#Bitcoin has been consolidating in a falling wedge pattern – a historically bullish formation. Recently, #BTC has broken out of the wedge, signaling potential momentum shift. Key Points to Watch: Wedge breakout already confirmed (bullish sign) Structure shows LLs & LHs turning – possible trend reversal Next confirmation needed: break above previous LHs & resistance zone Only after this breakout can we confidently enter a long trade with proper risk management Strategy: I’ll be waiting for a clear breakout + retest of the resistance to position long. Until then, patience is key. What’s your view – do you think #BTC will continue its breakout and start a strong uptrend, or is this a fake-out before another drop? Drop your thoughts in the comments & don’t forget to hit like if you found this useful. Follow for more daily #BTC updates & trade ideas! #BTC #Bitcoin #Crypto #CryptoTrading #BTCUSD #BitcoinAnalysis #BitcoinPrice #CryptoMarket #BTCUpdate #BitcoinTrading #CryptoAnalysis #CryptoSignals #BTCChart #CryptoCommunity #BitcoinBreakout #CryptoTrend #BTCPriceAction #BitcoinTechnicalAnalysis #CryptoIdeas
Long
by Elite_Technical_Analysis_Hub
SOLANA UPDATE (1D)SOL is currently at a decision point, mainly due to both the ongoing recession and the delayed ETF approvals. On the daily chart, it’s getting squeezed inside a large wedge pattern. Normally, it should make one more top before breaking down. However, just to be clear — if price drops below 192, there’s a strong possibility of a sharp sell-off. That’s where both the character shift and wedge breakdown would occur. Some additional details: Volume is flat and indecisive. It’s moving in line with the wedge, which isn’t a great sign. Typically, this kind of volume behavior is seen during wedge formations. The RSI looks unusual — there are both negative and hidden bullish divergences. If you’re wondering which one matters more, it’s the hidden bullish divergence — it’s the stronger signal here. If the recent high is broken, we could see SOL climbing towards the 270 region, after which we’ll know whether the wedge remains valid. However, in general, the outlook doesn’t look too strong at the moment.
by vs_sayin
4
ZEC - BEARISH STRUCTURE --> UNSAFE AREA FOR BULLS#ZEC- price analysis: Cautious with long, NO FOMO. Prices is up 250%+ in few days, because of hype on "privacy tokens' if i'm right! Neutral zone monthly. Key levels weekly have been hit. 🚨Double top daily 🚨H4 bearish divergence 🚨H4 Rising wedge structure In my opinion, prices is gonna correct deeper toward 125$ or 115$ support next. Upper big levels: 157 - 165 - 170$ To sum up: Really unstable area for long subject to a bearish correction. Bullish momentum faded + bearish structure visibile H1 view. Cautious under those resistance levels. Invalidation: H4 candle close above 170$
by Cryptojobs
LZ 1D: Legal move to the upside?On the daily chart, LegalZoom broke out of a falling wedge and perfectly retested the breakout area - almost textbook stuff. The buy zone around 9.25–9.89 aligns with the 0.5–0.618 Fibonacci retracement and previous volume cluster, giving the setup extra strength. With both MA50 and MA200 below the price, momentum stays bullish. The first technical target lies near $15.33, with potential extension toward $20+ if broader sentiment remains supportive. From a fundamental view, LegalZoom benefits from renewed demand for digital legal services and cost optimization. Not a bad combo - solid technicals plus improving business dynamics. So yes, bulls have the gavel now - let’s just hope the verdict is in their favor
NASDAQ:LZLong
by TotoshkaTrades
DOGE Breakdown Could Trigger a Major Dump Yello, Paradisers! Have you noticed what just happened with DOGE? The recent price action is sending a clear warning that downside risk is increasing — and fast. Several technical signals are aligning, and ignoring them here could be costly. 💎DOGEUSDT has broken down from its ascending channel structure — a clear shift in trend. More importantly, we’re seeing bearish divergence on both MACD and RSI, confirming that momentum is weakening despite recent price attempts to push higher. When these signals appear together, it often precedes a sharp reversal. 💎Adding to the bearish bias, the price has just formed a double top pattern — and not just anywhere, but exactly at a previous support level that has now turned into resistance. This type of confluence makes the setup even more reliable for a potential move to the downside. 💎From the current levels, the risk-to-reward ratio is already attractive for short positions. However, considering the broader bullish tone of the overall crypto market, it may be wise to size positions conservatively here. Traders who prefer more confirmation might wait for a clean retest of the resistance zone, where a bearish candlestick pattern would provide a higher-conviction entry point. 💎If, however, price breaks back above the resistance zone and closes firmly above the invalidation level, the bearish setup becomes invalid. In that case, it's best to step aside and wait for fresh signals or clearer market structure before acting again. 🎖But it never is, and never will be a free ride. Make sure you play it smart, Paradisers; the next 6–9 months will be juicy for some and painful for others. Discipline, patience, robust strategies, and trading tactics are the only ways you can make it long-term in this market. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
18
GBPUSD | 4HGBP/USD – Wedge Pattern Analysis | GreenfireForex The GBP/USD (1H timeframe) is currently forming a contracting wedge pattern (A–B–C–D–E), indicating potential price compression before a decisive breakout. 🔹 Key Observations: The pair is completing wave E, touching the upper wedge resistance. Price is expected to face selling pressure near the resistance line, forming a short-term corrective move. A breakout below the wedge could open a move toward the 1.34200–1.33500 demand zone. However, if buyers defend support, we may see another push back toward 1.35000 before reversal. 📊 Structure Breakdown: A–C–E → Lower highs (trendline resistance) B–D → Higher lows (trendline support) Possible continuation: ABCDE → Breakout Blue zones mark potential liquidity areas and entry/exit zones. ⚡ Trading Outlook: Watch for confirmation candles near the E point before positioning. A clean breakout with volume will confirm the next major move. 🧠 Pattern type: Falling wedge (potential bullish reversal) 🕓 Timeframe: 1H 💰 Instrument: GBP/USD
by Greenfireforex
2
EUR/USD – Wedge Pattern AnalysisThe EUR/USD (1H timeframe) is currently completing a descending wedge structure (A–B–C–D–E), showing signs of exhaustion after forming a new higher high near 1.17599. 🔹 Market Structure Overview: The price broke above the previous descending wedge but faced resistance near 1.17599, forming a potential reversal zone. A corrective leg is expected toward 1.17213, aligning with short-term liquidity before the next impulsive move. The projected ABCDE structure suggests a final touch at E, followed by a possible bullish breakout from the wedge. 📊 Technical Insights: Pattern: Descending Wedge (bullish continuation setup) Resistance zone: 1.17500 – 1.17600 Support zone: 1.17200 – 1.17050 Confirmation level: Break and close above 1.17600 ⚡ Trading Plan: Wait for a confirmed retest of 1.17200–1.17100 region before re-entering long positions. Aggressive buyers can monitor lower timeframe momentum near point E for early confirmation. 🧠 Timeframe: 1H 💰 Pair: EUR/USD 🎯 Bias: Bullish continuation after wedge completion
by Greenfireforex
2
GBP/USD – Wedge Pattern Analysis | GreenfireForex 📊 Structure Breakdown: A–C–E → Lower highs (trendline resistance) B–D → Higher lows (trendline support) Possible continuation: ABCDE → Breakout Blue zones mark potential liquidity areas and entry/exit zones. ⚡ Trading Outlook: Watch for confirmation candles near the E point before positioning. A clean breakout with volume will confirm the next major move. 🧠 Pattern type: Falling wedge (potential bullish reversal) 🕓 Timeframe: 1H 💰 Instrument: GBP/USD
Short
by Greenfireforex
EURUSD Short: Continuation Within the Downward WedgeHello, traders! The prior market structure for EURUSD was a bullish ascending channel, which failed and led to a breakdown. This reversal has established the current bearish market phase, which has taken the form of a downward wedge. This pattern has been guiding the price auction lower through a series of lower highs and lower lows, confirming that seller initiative is dominant. Currently, the price action is consolidating within this wedge. Following a minor bounce, the market is showing signs of weakness and appears ready to continue the established downtrend, respecting the wedge's boundaries. My scenario for the development of events is a direct continuation of the decline within this wedge. I expect the price to complete another leg down from the current levels. The take-profit is therefore set directly at the 1.1615 level, targeting the demand zone which aligns with the lower support line of the pattern. Manage your risk!
Short
by heniitrading
17
S&P 500: Rising Wedge signals movement before NFP📈 BLUEBERRY:SP500 | Rising Wedge + Non-Farm Payrolls: Which breakout scenario is more likely? A Rising Wedge pattern is forming on the 30-minute chart of US SPX 500, with price approaching the convergence point of two trendlines. This pattern typically signals weakening bullish momentum but doesn’t rule out a breakout to the upside 🚀. 🔍 Technical Analysis: • Price is consolidating within a narrowing channel, forming a Rising Wedge 🔺. • Key support lies between 6717 - 6734 (lower blue zone) 🛡️. • Target zone on a breakout to the upside is 6767 - 6775 (upper blue zone) 🎯. • The pattern signals an imminent breakout, but confirmation with a candle close beyond the wedge is needed 🕒. 📊 Non-Farm Payrolls Impact: • If NFP comes in below expectations, the market may react positively (break up) on hopes of Fed easing monetary policy 💵👍. • Conversely, a higher-than-expected NFP could increase downside pressure (break down from the wedge) 📉⚠️. 💡 Trade Setup: • Enter a BUY position once price breaks above 6733 with confirming high volume 🔥. • Place stop loss below support at 6716 to manage risk 🚧. • Target area between 6770 - 6775 🎯. 📝 Summary: The Rising Wedge on SPX 500 points to a breakout soon, with the NFP report acting as a key catalyst. Wait for confirmation and manage your risk carefully ✅. Please like and comment below to support our traders. Your reactions will motivate us to do more analysis in the future 🙏✨ Harry Andrew @ ZuperView
BLUEBERRY:SP500Long
by ZuperView
EURCAD: wedge at the top with bearish divergenceThe EUR/CAD pair has been trading within an ascending channel, but the 4H chart shows a rising wedge pattern, typically a reversal setup. Attempts to sustain above 1.64 have failed so far, while the CCI indicator shows a series of bearish divergences, highlighting weakening bullish momentum. Technically, the likelihood of a decline after the wedge breakout is high. Initial targets lie at 1.6260, followed by 1.6080, and deeper at 1.5780. A retest of the broken level (re-entry) is possible before the downward move accelerates. From a fundamental perspective, the euro remains pressured by weak macro data and a cautious ECB, while the Canadian dollar is supported by stable oil prices and a firm Bank of Canada stance. This divergence in fundamentals strengthens the bearish case. It’s a classic situation where the market tempts traders into expecting a reversal, but confirmation is still required. As always, emotions aside — we wait for clear signals before acting.
Short
by InvestWorld_777
What’s a Wedge Pattern?What's up traders! 👋 Wedge patterns are a powerful tool in technical analysis that can give you a heads-up about potential price moves. Whether you’re spotting a falling wedge or a rising wedge, these formations can reveal key signals about market direction. What’s a Wedge Pattern? A wedge pattern forms when price moves between two converging trendlines, creating a shape resembling a triangle. These patterns usually appear when the market is slowing down or consolidating before making a bigger move. Wedges can slope upwards or downwards, and the key difference lies in whether the trendlines are converging in an uptrend (rising wedge) or a downtrend (falling wedge). Falling Wedge Pattern: Bullish Reversal 📈 The falling wedge pattern is a bullish reversal signal. This formation occurs when price moves between two downward-sloping trendlines, creating a series of lower highs and lower lows. The downward momentum weakens as the trendlines converge, indicating that sellers are losing strength, which sets up the potential for a bullish breakout. How to Trade the Falling Wedge Entry: Wait for the price to break above the upper trendline. This is your signal to enter long. Target: Measure the height of the wedge at its widest point and project it upwards from the breakout point. Stop Loss: Place it just below the most recent swing low to protect your position if the breakout doesn’t happen. The chart illustrates a falling wedge pattern on the Bitcoin / Tether US pair with a 1-hour timeframe. Price action is contained within two converging downward-sloping trendlines, suggesting weakening bearish momentum. The breakout above the upper trendline signals a bullish reversal, and the subsequent uptick in price confirms the shift in momentum. In rare cases, a breakout failure can lead to a bearish falling wedge pattern, but this scenario is less common. Keep an eye on the price action for signs of continued upward momentum. Rising Wedge Pattern: Bearish Reversal 📉 The rising wedge pattern is a bearish reversal signal. This formation happens when price moves between two upward-sloping trendlines, creating higher highs and higher lows. The rising wedge indicates weakening buying pressure and a potential reversal to the downside. How to Trade the Rising Wedge Entry: Enter a short position once the price breaks below the lower trendline. Target: Measure the height of the wedge and project it downward from the breakout point. Stop Loss: Set it just above the most recent swing high to protect your trade. Wedge Chart Pattern Trading: Key Tips ⚡ Context is everything when trading wedge patterns. If a bullish wedge pattern appears in an uptrend, it’s more likely to break to the upside. If a bearish wedge shows up in a downtrend, expect a breakdown. Here are a few quick tips to improve your wedge trading pattern game: Trendlines are key: Ensure your trendlines are drawn accurately. Properly drawn trendlines lead to better trades. Breakout confirmation: Confirm breakouts with increased volume and, ideally, by checking for confluence with other indicators like RSI or MACD. A breakout without volume is often a false signal. Risk management: Always use a stop loss to protect your capital. Use other indicators: Wedge patterns work well with additional tools such as RSI, moving averages, or MACD. The more confluence, the better! Final Thoughts 🏁 Wedge patterns, whether it’s the falling wedge pattern signaling a bullish reversal or the rising wedge pattern trading indicating bearish pressure, are some of the most reliable chart formations out there. But remember: no setup is perfect, so always use a stop loss and never rely on a single indicator. With practice, you’ll get better at spotting these setups and timing your entries and exits like a pro. Happy trading, and may the charts be in your favor! 💰📊
Education
by WhiteBIT
6
BTCUSD: Watching for Exhaustion at the HighsHello everyone, here is my breakdown of the current Bitcoin setup. Market Analysis From a broader perspective, the price action for Bitcoin has been extremely volatile, with multiple failed breakdowns and breakouts. After a complex struggle, the most recent significant event was a powerful breakout above the 116800 level, followed by a successful retest, which confirmed the shift in control to buyers. Currently, following that breakout, the price has entered a high-momentum rally. This upward impulse is strong but is becoming technically extended, which often increases the probability of a sharp corrective pullback as buyers begin to take profits. My Scenario & Strategy My scenario is a tactical short, aiming to capture this likely corrective move. After such a strong, impulsive rally, a pullback to test the original breakout level is a very common and healthy market dynamic. I'm anticipating that the price will make one last small push to a new high, where it will likely fail to find new buyers. Therefore, the strategy is to watch for this exhaustion at the highs. A confirmed reversal would validate the short scenario. The primary target for this corrective move is the 116800 level, which aligns with the key Support zone. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
BINANCE:BTCUSDShort
by Ratner
5