I would bet on the short squeeze... sometimes the market doesn't follow logic, but I could be wrong, obviously. 1. Price testing long pandemic retracement of 21.4% at $ 405.49. It broke 38.2% short retracement from the last top. Stochastic DMI in dangerous region. 2. Is there still room to go up?
This indicator anticipated the fall of the SPX well in advance, according to the yellow line on April 12, 2021. Showing a clear divergence. As SPX went up, the indicator went down. Only on January 10, 2022 was there a trend reversal in SPX, going down. Now the indicator appears to be anticipating a rally.
Two different types of Wedges both showing a similar sell point entry The sell point is right below the wedge, so if a breakdown occurs, a retest and consequent rejection follows This is common between both wedge patterns From personal experience I have seen Rising Wedges act more bearishly than Broadening (megaphone) structural wedges However both of them have...
Test with pilot position, 10% of full position. Beat earnings and revenue guidance. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
Based on technical factors there is a Long position in : 📊 DOTUSDT Polkadot 🔵 Long Now 6.69 🧯 Stop loss 5.90 🏹 Target 1 7.50 🏹 Target 2 8.40 🏹 Target 3 9.25 💸Capital : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Price moves within wedge pattern and it reacted on 50% Fibo level. Possible some move down towards 1.1900. Breakout from wedge pattern needed as confirmation. Trade carefully!
From the 10th of June to July 21 we have been trading inside an ascending channel. On the hourly chart we can see price action inside of the channel and what we see here is an ascending wedge formation which will push the price action back into a downwards spiral. MACD is crossing the signal line on the hourly to the downside along with a heavy three day streak of...
Hi dears It looks like we are forming a wedge pattern that has a very good price on the floor, and now we expect to climb at least to the pattern ceiling, and even next week the ceiling of the pattern may be broken and up to $ 30000. I tried to set the least risky targets. What do you think? I would be happy to support me with Likes, Comment and Fallow !❤️
Hey traders, USD is trading higher across the board based on hawkish FED, after good US NFP figures last week. The next key event to watch is going to be tomorrow when we will get the US CPI data. This will be an important event for traders' decision to see if inflation is slowing down or will FED have to be even more aggressive. If suddenly CPU numbers will...
BTC respecting the strong support zone, following the wedge nicely. Currently BTC is making a nice bullish push towards the next resistance zone around 22,6k. If we can continue with this momentum and close above this strong resistance zone I believe BTC will continue pushing upwards to tests the next major levels around 26,7k in the near future.
A potential ascending wedge is forming on 1H BTC chart.expext BTC to drop from highest peak.you could see volume decreasing in the wedge as it builds higher highs which gives this pattern strength.good luck!
Bitcoin is about to break down this wedge out of a rising wedge and head to 19.2
Recently price moves within wedge pattern. So after breakout possible some corrective move towards 1.2200
1- Down Trend Resistance 2- Rising Wedge 3- Support/Resistance Flip Area 4- RSI OVERBOUGHT AREA
Seems like an expanding wedge, I was hoping that dotmoovs follows the M2E trend. chart looks bearish for me, let's wait and see.
Potential rising wedge being presented on BTC here. Proceed with caution bulls.
Hello Friends! We can see a move to the upside or downside this week for Bitcoin. It’s trading in a wedge; a breakdown or breakout can target two zones (downside $17-18K/upside $25-$26K). As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute,...
Hi Traders, Having a look at the DAX30 on the Daily. We see a potential falling wedge with accompanied divergence across the MACD. I would like to see a break and retest of this pattern before jumping in. This is the daily time frame so this would be quite a long swing position. It's all about patience haha. Let's see how it plays out. My target would be...