After hitting all three of our previous targets the NSE:LATENTVIEW is currently exhibiting characteristics of a symmetrical wedge pattern, indicating a potential period of consolidation and indecision in the market. A symmetrical wedge pattern is identified by two converging trendlines, both sloping inwards. This formation signifies a period of decreasing...
The Misleading Rising Wedge on Ethereum Over the past few weeks a prominent trader who I admire has been adamant about Ethereum forming Rising Wedge, which is a bearish reversal pattern. I disagreed with this view but acknowledged the concern raised as any reasonable trader would. However, It caused me a bit discomfort as I have a large position in Ethereum...
Am I the only one who finds it attractive? Or do you think it's attractive too!!? My opinion for the rise is strengthened only by the consumption of the $0.5402 resistance range. The $0.4745 range is low risk. But we have to see if the resistance range will be broken first what do you think!?
From the previous price and chart of pattern. About my understanding I think wave quite be like this and nowadays price pattern look like falling wedge. So, maybe have a probability to rising first and cannot do higher high then sideway down likes the path on the picture.
AUDCHF price is attempting a bullish breakout of the Wedge pattern, If price manages to break above the structure I expect the price to move higher towards next resistance area. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
This video was just a quick technical analysis of eurcad basically breaking down market structure and the behavior of the market. in the video i show you guys how you can make a thesis or gather information from a simple pattern. mainly if you see a pattern you can draw your support and resistance levels at the top or bottom of these patterns and look to your left...
I've been watching this in play with the DXY chart, and so far price has been dancing.. practising patients kills lol.. let see how this turns out.
HONESTLY WOW!!!! THIS IS THE REASON WHY I DON'T TOUCH NEWS... i trust my analysis but its usually a 50% odd that a trade will go in my favour with high impact news lol Still this eurusd trade would have been sweet, if i had the balls to trade news lol
GPOR has broken out to the downside of an ascending wedge with the trendline going back to the start of February with bearish RSI divergence. Entry on break or retest of support. Stoploss at last swing high and will be moving SL to BE when safe to do so. Happy trading.
US30 has broken out to the downside of an ascending wedge with the trendline going back to the start of November with bearish RSI divergence. Entry on break of support and target at next resistance level @ 36300, I will also keep an eye out for a fib retrace level @ 34200. Happy trading.
S32 is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of upper trendline or support zone for entry, stoploss at last swing low and will be moving SL to BE when safe to do so.
A few qualifications for this trade are... •Falling Wedge Pattern •“Hidden” Divergence on the MACD. If we start trading back above 1.0900 and the pivot zone, a target of 1.1150 (Median level) wouldn’t be unreasonable. I'm going to keep an eye on long positions and see if we can begin trading higher.
As we can see that candyusdt forming a falling wedge with bullish divergence after printing double bottom pattern. If the bulls took control , the possible resistance level are mentioned. NFA DYOR
The INDEX:DXY is hitting resistance of massive broadening wedge. Big move up or down coming. If it closes above the wedge line, look for it to climb higher. If it can't break through, look for it to retest the bottom of the wedge. If it starts to fall, stocks and Bitcoin will rally. INDEX:DXY COINBASE:BTCUSD NASDAQ:QQQ
Solana is approaching the med-term trend line which is also at the point of a huge symmetrical wedge. Solana is going to make a BIG move soon. History says trend is your friend so if that holds true look for a test of the top of the channel. If it breaks through the top of the channel and resistance trendline and closes above on the daily, look for a big move...
Looking for Impulse Up. AudNzd moving up soon. AN formed a bullish wedge pattern to move up. You have to wait for TL break out with strong bulls candle then get in on retracement. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the...
EUR/JPY - M30 Chart - Rising Wedge Formation Price Breaks the pattern now. its Good chance to sell. Lack of Major News: So far today, there hasn't been any major news impacting the EUR/JPY pair. Thank You.