↪️Currently, the price is examining a strong convergence area on a broad level of support. Examining shorter time frames, I noticed a descending wedge pattern on the 4-hour time frame. I will carefully observe how the price responds to the edges of this pattern. Based on the reaction to the mentioned formation, I can envision 2 possible outcomes: 1️⃣ If you are...
Hello,Traders! EUR-CHF broke out of the Rising wedge pattern and The breakout is confrmed So we will be expecting A potential move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
*Investment opportunity* On the above weekly chart price action has corrected almost 80% since January 2022. An excellent long entry now exists. Why? 1) Price action and RSI resistance breakouts. 2) The falling wedge breakout confirmation. 3) The falling wedge target is measured to 17 dollars. 4) The macro structure prints a large flag pattern on the 3-month...
Massive wedge breakout is imminent. Has been steady climbing back into wedge end, breaking resistance that was previous uptrend support on other timeframes. With new India plant news on the horizon this has IMO potential to hit 280 citing its approval. NASDAQ:TSLA Follow me on Snapchat for live charting. Shonufftrades
NASDAQ:CRSP High tight flags were first observed by legendary investor William O'Neil of IBD and CANSLIM fame. Check out the pattern on CRSP, showing an 86.12% gain in just 22 days. Notice the consolidation of 7.02% over the past week forming the high tight flag. Watch for a breakout on strong volume above the leading edge of the wedge for exponential gains....
🍎 Apple is moving in the 🟡 PRZ (Price Reversal Zone) 🟡. 💡If we look at the last 4-5 Apple candles in the daily time frame , we can see some Bearish Reversal Candlestick Patterns at the same time: Evening Star Candlestick Patten, Shooting Star Candlestick Pattern, Bearish Harami Candlestick Pattern. 💡Also, another sign of the end of this upward rally...
There is a descending channel happens in the D1 and Bearish Flag at the H4. And finally there is a Ascending Wedge. Also, there is a confluence of Fibonacci 0.618 So, It's a Strong Sell after the breaking of that Wedge in the H1...
We can see price reaching out to the daily timeframe bearish channel upper line, which potentially can act as resistance for the price. Additionally, we can spot the formation of a rising wedge pattern in the chart, which is intrinsically bearish and is regarded as a reversal formation in an uptrend. Another factor indicating the loss of bullish momentum is...
Currently, -The Price Pulled Back to 0.5 Fibonacci Retracement Level ! -and Formed a Bullish Falling Wedge -and Now it Will Continue its Bullish Movement ! ----------- TARGET: 0.54075🎯
Hi Traders ! On The Daily Time Frame, The NZDCAD Price Broke a Strong Resistance Level (0.82018 - 0.82600). This Resistance Level Becomes a New Support Level. Moreover, -The Price Formed a Falling Wedge Pattern. -The Resistance Line is Broken. So, I Expect a Bullish Move. I'm Waiting For Retest... ----------- TARGET: 0.83950🎯
FPH has broken out of a descending wedge with bullish RSI divergence and has now had a retest at support and bounce. Enter a position, stoploss at last swing low with target of $22.69 or when starting to look weak and will be moving SL to BE when safe to do so.
🔄 CADCHF re-entered the 🟢 Support zone(0.648CHF-0.645CHF) 🟢 after experiencing a 🐻 Bear Trap 🐻. 💡Also, CADCHF seems to have succeeded in forming a Falling Wedge Pattern , so the upper line of this pattern was broken hours ago. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect CADCHF to GO UP in the coming days and...
Footlocker has been on a 36% run in the last 3 months following it's second miss on earnings for the year on August 23rd. During this time the stock as formed a rising wedge which could breakout to the downside on any negative news. They've been dealing with Macroeconomic headwinds, as well as a drastic decrease in sales due to customers spending less and less on...
Just wanted to point out that GME has now reached the end of this massive falling wedge on the WEEKLY. A breakout of this wedge could be absolutely massive to the upside. Also, the last time the Ultimate RSI was this low, shortly after we seen a 155%, $19 to $50 spike in just 14 days. With new legislation for reporting short positions and the pressure on the...
I've been holding this for more than a year and collecting dividends. With a yield 12.56% and Payout Ratio 47.12% is a good long term holding for your portfolio. Now is forming a falling wedge, looks like is going to break out. Even if the breakout fails eventually it will try again. In the mean time it pays good dividends every month.
BTC (Bitcoin) / USDT (USD Tether) Perpetual Swap Contract Short Setup OKX:BTCUSDT.P Rising wedge + Double Top + Double Rectangle + Enter 35453 + Stop 36036 = 2 on 4 Short Retest Level 30000 Exit 1/2 33033 = RR 1 on 5 = Stop Plus Exit 1/2 30703 = RR 1 on 10 I am interested in your opinion on this algorithm of actions deposit 20% of asset order 20% of...
On the above 4-day chart price action has corrected over 90% since the sell signal in March 2021 (not shown). Now is a good opportunity to go long. Why? 1) A strong buy signal prints. (not shown). 2) Price action resistance breakout (USD and BTC pairs). 3) Hidden bullish divergence between price action and money flow. Follow the money folks. 4) The falling...
Looks like a breakdown of a falling wedge pattern in BTC chart. However, the on-chain metrics tell us a very different story in terms of Bitcoin's current state. According to on-chain data, as of last week, there are 47.87m addresses with a balance in Bitcoin network. This obviously excludes user balances on centralised exchanges. It is constantly increasing and...