Falling wedge is generally a bullish pattern signaling that we will likely see the price break upwards through the wedge and move into an uptrend. The trend lines of this pattern converge, with both being slanted in a downward direction as the price is trading in a downtrend.
Target 1 and 2 marked.
On DLTR stores clear rising wedge in a downtrend,
like mentioned before a breakout can occur upwards or downwards, but in a bearish trend I am looking for more confluence indicators to confirm the trade.
On a large timeframe I will wait until the candle closes below structure to under. Looking for market to rally into the $90-$95 range before a potential...
On Sprouts Farmers Marker we see a rising wedge in a downtrend,
breakout can occur upwards or downwards, but in a bearish trend I am looking for more confluence indicators
On a large timeframe I will wait until the candle closes below structure.
The initial target is market below around $17.00
Looking for the last leg of the head to complete around $4400 then a drop into the $3500 range to complete the right shoulder.
If this setup follows through the next thing to look for would be a clean break of $4400 which would signify a Inverted Head and Shoulders completion.
Watching for any confluence indications within the RSI and EMA to...
Looking at the 1 day chart shows a clear bear flag forming over the past months.
Criteria to enter trade:
Clear break of lower (red) long term support line.
This is an ideal situation to use a Sell Stop Order (where a short order is placed in book at a price below the current market price)
Once support is broken looking for a $1.95...
Descending triangle is an indicator of a continuation pattern during a downward trend.
1.Buy the clear break below the lower support
2. Buy the clear break and retest of lower support on a smaller time frame
Target marked in green
Looking for a completion of this bullish bat pattern, finishing in the Yellow Box.
You can also see an ascending triangle painting on the chart - a clear break from the lines in green would confirm the continuation of an upward trend.
slight RSI divergence. 60/40 SHORT
Trade with caution!
I have been tracking this stock over the past couple years. There is alot of fundamental FUD and FOMO going on. Some therorize XXII is under investigation for claims regarding invalid results of some of XXII's products.
Scrolling back you can see XXII painted a similar situation before plummeting in price.
A clear break of the support line in blue would...
Falling wedge is generally a bullish pattern signaling that we will likely see the price break upwards throught the wedge and move into an uptrend. The trend lines of this pattern converge, with both being slanted in a downward direction as the price is trading in a downtrend.
Target marked in YELLOW.
If we were to see a violation of the lows (RED LINE) of this formation then the prediction would be a bearish breakout back to last years support of around ($3000)
Tips on how to trade this pattern:
1 - Positioning yourself in anticipation of the breakout.
2 - Positioning yourself during or directly after the breakout
3 - Waiting for the confirmed breakout...
Overall this is the best mid term situation for Bitcoin.
If the bulls manage to drive the price all the up into our entry zone I think it will be short lived.
Entry - Stop loss - Targets (all marked on the chart)