Wedge

Pattern: PFE broke out to the long side of the wedge on pretty decent volume. Edge: The stock was in a squeeze (red dots in the Squeeze indcator) and the squeeze fired (green) the same day it broke out of the wedge. Healthcare stocks have been strong in this weak market, so we are looking for continued strength if the market stays weak, and even bigger strength ...

ETH' has been such a weak coin the past months. A lot of people were asking if ETH would not be a great buy around 300 even and even more around 200 levels. Because for the nr 2 alt coin, it got dumped so much, it should be a buy. Well as i told most, the market is always right. When a certain asset gets dumped, there has to be a reason for that dump. It seems the ...

Price for USD/ZAR is forming a possible descending wedge. I am looking for price to pull back to the trend line, following recent bearish price action last week. The first take profit area has 3 different points of confluences, using Fibonacci at various swing points. The second take profit target is also a possibility. Price action would need to be observed to ...

Finally, now i can make a new analysis again :) I had to make the first one in a hidden chart because it seems we can post max 10 idea's a day :). I have been watching this one for a couple of weeks now, looking at that bearish wedge on the left. But because i did not like the position AND the movement of it, i simply sat on my hands and did not touch it. ...

BCH' has been moving a lot the past weeks with high volume moves. It already made a 50% correction since the rally from the low 2 weeks ago. At the moment the long term bottom formation is still in play. For the big inverse H&S on the left, we need to stay above the 500. Otherwise we will drop towards that blue circled line again. On the short term there is a ...

EURAUD has dropped a lot the past few weeks and went in a straight line towards the current support area. There is the potential for a bounce here and best case scenario we start to see a small wedge developing. If this happens i will make an attempt at the low of that wedge to get in with half a pos and increase it if the wedge breaks upwards.

price has respected the drawn wedge since october and looks to be building for a breakout next week. After the exhaustion candle on the 4hr at the top of the wedge i believe we could head back down and breakout to retest the 1.12960 level.

Pump Bitcoin. Dump the inverse chart.

The EUR/SEK currency pair has been trading in the falling wedge since the middle of August. Also, the pair has reached the lower boundary of the long-term ascending channel. Currently the rate is testing the lower channel line at 10.22. If given channel holds, a reversal north occurs in the nearest future and a breakout north from the wedge follows. Potential ...

ZRX shows some bullish movement. Not sure where to pick it up, but it will definetely grow (if bitcoin will). Nearest targets and resistance zones are marked on the chart. They will workout for sure. 10550 seems to be the main resistance. This resistance zone may work up to 10850. Plus trendlines. Each line breakout will cause big price action. Nearest target is ...

We have 2x rising wedge on DXY. Now breakout small wedge and down to 97.20 - 97.10, what will push eurusd and gold up (should be). But dont know what next, if break, or bounce hit top of bigger wedge what will push that both down and then again down for complete big wedge?

EURNZD Trading Bias: Neutral / Bullish and Bearish options laid out Technical Strategy: Rising Wedge (for short trade) vs Daily Support Channel (which may work as triple bottom on D1 timeframe for a long trade) *Wait for price to break down and out of the wedge. If we break up and OUT of the wedge then will re-assess with a potential long scenario* ***EUR will ...

#NULS 1d In the event of a positive global market, NULS can demonstrate a good result for long-term investments. The asset has made a long correction path and is now testing a possible "bottom". Correctional rollback was -82%, which is more than enough; a downward wedge has also been formed, the breakdown of the upper face of which, as a rule, leads to subsequent ...

The Gold fractal is still in full play and there is a good chance we might break upwards and start to break the high from a few weeks ago. The long positions is still in play and increased last week when we broke that triangle around 1215/1218. Now i am going to sit and wait to see what will happen next. I will increase this position even more but i might wait ...

When you take the long-term trend lines into consideration, the bulls still have a chance here. Back in late 2015 the Average Directional Index (ADX), which measure the strength of trend momentum, was turning to the upside as the green positive directional index line also increased.. a sign for the bulls to take control. The trend line was being tested in early ...

Zcash está envuelta en una cuña descendente masiva que parecía haber roto con la formación de un triángulo descendente de 3 meses de duración. Esto confundió muchísimo, clásico de los falsos rompimientos. Se dice que un falso rompimiento es el doble de potente que en fuerza contraria al movimiento falso, por lo que se espera que la tendencia bajista continúe ...

The pattern is a bit unclear, but because the RR is so great i am taking the risk here. Starting small and increasing on the break of the yellow zone. Think we might make a lower high on the daily, so it could potentially drop a lot coming weeks. Making the RR enormous, which makes it worth the risk for me. I am using the stop loss, but in case we move only ...

I think ETH is at an important crossroad now. We had a breakout from what looks to be a clear triangle. But the volume at the breakout has been very bad. That's why it has been dropping again. At the moment we are at the support zone again, so i think the decision for the coming month could be made the coming days. I have drawn 3 scenario's, 2 bearish and one ...