If breaks previous resistance we could see gold pushing higher
Seems like a Falling Wedge coming from an upwards pole. Nice entry over here for some big bull gains
$PIVX has been in a wedge for over two days now, consolidating horizontally, but I'm calling for a breakout around 12AM CST (GMT +5) if not sooner.
Giant rising wedge from a bearish market (narrowing trading range). I expect a drop in January 2018 to a price of $304.00-$350.00.
BTC/USD is in a wedge pattern, this is simple. If it breaksout to the upside, then we will be expecting it to go up. However, if it breaks to the downside, then we are expecting a bearish move. Watch for what happens after the break, if it starts correcting then it will confirm the way in which it brokeout. Watchout for price rejection levels. Trade safe traders.
There is a inverse correlation between XRP and BTC. While bitcoin has potential to fall, XRP would climb up. Ripple has potential to braeakout upwards from this decending wedge.
Wedge followed a sudden drop after COT readings were a surprise. One false bull breakout towards the end of the wedge, high chance of a real breakout. Trigger line moved to the breakout level. If PA touches the line, long position will be triggered. SL is placed at the wedge boundary, TP placed at the first rebounce of the drop, matching with the .5 level (see fibb.)
USDJPY reveals a wedge pattern, waiting for breakout at 112.000 As you can see, wedge pattern is accompanied by a volume decrement.
It appears we are at or near the end of a completed Elliott correction wave. This correction appears to be quite mature, and we are ripe for the start of the upward movement of the next Elliott Wave. In addition, a very large descending wedge has formed, which is also quite bullish for TenX. Especially given that we have just begun what appears to be a breakout...
Price came out of its wedge last week, came back to retest and is rejecting the 50 fibonacci level. I expect price to come back up to its critical zone @89.00 before breaking though or back down from there. We are now in a solid uptrend.. Trade with care !