Given the rough terrain in the markets today, my take on this is that after consolidating, there should be a bearish move if price breaks out of the pennant. Trade wisely, Risk appropriately!
This Trade idea is based on the M Pattern or possible double top pattern and using the wedge as confirmation. I will be trading the breakout of the wedge downwards and following through on the M pattern Trade wisely and do your own confirmation and risk management appropriately and accordingly before entering.
If price breaks out of the Ascending Wedge pattern, I am expecting it to fall towards the outer trend line for support from the Broadening Wedge
This is my first ever post. Please leave comments and likes
Im expecting price to drop back to marked levels
The outcome of this pattern could go either way. I am going to wait for the breakout and confirm with my indicators as to which position to take. Im also not sure if its a valid symmetrical triangle. please feel free to like and comment Trade wisely
Brief analysis based on the fib retracement zones 50.0 and 61.8 also known as the golden zone. If my analysis is correct we should have a move up within the triangle after price has tested the support level. Trade wisely.
With the New year approaching, the markets might be very unpredictable, but here is an idea to keep in mind. I normally enter once price has broken out of the triangle and retests the new support level. Trade wisely!
Possible triangle pattern formation wait for breakout confirmation
The parameters in this analysis are based on the flag like structure we see in the H1 timeframe. We are to expect a strong move up in the next 2-3 days. Disclaimer; MY WORD IS NOT BOND, PLEASE TRADE CAREFULLY AND DO YOU OWN ANALYSIS I DO THESE POSTS PRACTICE AND TO GET FEEDBACK FROM THE COMMUNITY IM STILL LEARNING TOO
This trade idea is based on the 61.8, 50.0 and 38.2 in the fib from the most recent high and low in the H1 timeframe If youre going to take this trade please keep a tight SL Cheers and Good Luck
This analysis is reveals a possible rising wedge pattern in the weekly timeframe ,which may also lead to a nice bearish presence as price breaks the pattern. Only one way to find out We Wait.
Price is currently retesting new support/old resistance preparing for a possible PUSH UP.