Falling wedges are often bullish and are usually found at the bottom
CBOE has been stuck inside a variety of falling wedges since the flu hit the market
CME was also in a falling wedge for a long time. These can be very long term patterns
They can signal a reversal in price
CBOE has broken upper trendline (R) of the pattern but is not quite in a clear...
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Long 1000 $CBOE
Short 522 $CME
Mean Reversion Time: 6 Trading Days
CBOE Has broken upper trend line of falling wedge and following same pattern as CME
NV is high.
Appears to be in a long term downtrend but I see bullish components in this chart including break from falling wedge which is bullish
Not a recommendation
Falling Wedges can be bullish if stock breaks up and out of the falling wedge
Found in downtrends, usually in prolonged downtrends and can signal a reversal
CME is in the process of breaking out of it's falling wedge
Not a recommendation
Good luck!
We played CME last week for a nice play. Could CBOE be next?
I do like CME long-term more than CBOE but for short term plays it looks ripe.
CBOE
________
@ support @382fib 97.42
@bottom of current uptrend regression channel
Below 200ema
Stochrsi, macd, ttm setting up for a move higher.
1st Target = .5fib @105
2nd Target = 618fib...
I just realized something crazy about a week ago. It also kinda makes sense though. If you know about this already than good for you but I haven’t heard people talking much about it so I’m pretty sure that this will be helpful to quite a lot of people.
If a bullish ascending triangle creates a false breakout than it becomes a falling wedge (which is a bearish...
Bitcoin have a positive coorelation with CBOE, and this week stocks market in red zone.
If this condition continue market fear increase and trigger another global sell-off.
We all know that Bitcoin has no central control: no central repository of information, no central management, and no central point of failure.
the question is
Are global stock market...
