Pattern Accenture (ACN) stock has recently formed a noteworthy technical pattern known as a rising wedge. This pattern is characterized by a series of higher highs and higher lows, with the price action converging toward a single point, forming a wedge-like shape. Typically, a rising wedge is considered a bearish pattern, suggesting that the uptrend may be...
BITCOIN: Bearish – Head and Shoulders + Ascending Wedge Two classic Chartist figures were detected by the Wolf of Zurich: 1- An “ascending wedge” which would bring the price down towards $62,632. 2- A “Head and Shoulders” which would subsequently bring the price down to around $52,080. The EMA.50 and 200 also remain potential targets caution.
We can attempt to short CHFJPY from specified level as it break HL , trendline support , also there is bearish divergence indicate that it moves downward. SL , TP mention in chart.
On the above monthly chart price action has grown 200% since May 2020. A number of reasons now exist to consider a cautious outlook. They include: 1) Bearish divergence. 5 oscillators now print negative divergence with price action as measured over an annual period. This measurement is equivalent to previous corrections. 2) Three rising wedges are shown. The age...
If my thesis on BTC pump this week is correct, RIOT is heavily lagging the move. Riot is not my preferred miner, but a lot cheaper to swing trade or sell options on than Mara and CLSK. I choose riot this week specifically because of the net negative vs. BTC price action lately. I am entering call spreads 10$ strikes with early July and Sept, plus I sold some puts...
I see Uber, forming a potential falling, wedge, same as it just formed about a month ago also signaling bullish momentum. I believe we could break out here soon let’s see if the buyers step in.
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price entered to wedge pattern, bouncing down from resistance line and breaking $62200 level. But then, BTC made upward impulse to $66600 level, breaking $62200 level, and even soon broke $66600 level too. Next, price continued to move up and...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETC has been overall bullish , trading within the rising wedge in blue. Currently, ETC is undergoing a correction phase and it is currently approaching the lower bound of the wedge. Moreover, it is retesting strong support zone marked in green. 🏹 Thus, the highlighted...
I see a classic bullish pattern on EURUSD: a bullish flag. After a completion of a bullish impulse, the price started a correctional movement within. With a yesterday's bullish movement, the market managed to break and close above the resistance of the flag and set a new higher high higher close. For us, it is an important bullish signal. I think that the...
On the above 4-day chart price action has corrected 99% since January 2022. A number of reasons now exist to be long, including. 1) Price action and RSI resistance breakouts. 2) Multiple oscillators print positive divergence with price action. The higher the time frame you go the stronger the divergence. 3) While the market has been in full panic mode volume...
This is my bias on this trade, I'm taking this trade based on continuation pattern, because dogelone has broken a significant high and it has retraced about 61% of the move. My Sl is below the pattern while Tp above it.
UNG on a 120-minute chart has reversed from a long trend down which started in mid -January. This was a steep trend down from the start into mid- March where the trend angle lessened in a period of relative consolidation until May 1st where the reversal occurred. This is a falling wedge breakout with the trendlines of the wedge in thick red and thick green for...
Silver was fairly strong today, even when ES and NQ sold off shortly after open. I had been looking for a short on silver since it broke below a major trendline, but this ascending wedge is a much shorter term pattern. It's always good to have confirmations on both longer and shorter time frames, so I like this setup. However, silver has been volatile and has the...
Here I have GBP/JPY on the 1 HR chart! Price has been following what looks to be a Rising Resistance and Rising Support forming a RISING WEDGE!! Early this morning on disappointment of GBP strength, we seen price BREAK BEARISH strongly on the pattern!! I believe price is now retracing to the Rising Support of the Wedge to test as a VALID BREAK for confirmation...
BTC : 3 wedges to Monitor + Double Top On the rise : 1 Falling wedge has been detected , and it could bring the price to 72 928 $ ______________________________ On the decline : We can see on my graph a "Double top" + 2 Falling wedges Regarding the double top, the bitcoin can reach 48 000 $ minimum! About the 2 wedges : The potential targets can reach 56...
Gold's current Falling Wedge Reversal pattern presents an excellent opportunity for traders to capitalize on a potential upward movement. By waiting for a confirmed breakout above 2334 , or alternatively entering at the support level of 2320 , traders can strategically position themselves for potential gains. Ensuring a stop loss at 2316 will help manage risk...
Not financial advice. NYSE:AI Scenario #1 Break white line of wedge will confirm bull side. Scenario #2 Fail to break wedge will go for a double bottom or lower. Like and follow for more ideas. Thanks.
BNB/USDT has displayed a bullish consolidation pattern and is now poised for an upward breakout. A buy stop order is set at 625 to capture the breakout from this consolidation, targeting a favorable risk/reward ratio of 1:2. This strategy anticipates a significant upward movement as BNB/USDT aims to reach higher resistance levels. Monitor closely for the...