I try to draw a Bearish wedge using an ETF AOA, I know it's not a perfect draw but I do it the best fo me
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Una posibilidad de irse largos apoyados en dos figuras, el canal y una cuña alcista muy pronunciada.
For those who still wonder by what miracle chart analysis can work well, here's a proof: Such proofs, I often see and they are an integral part of my publications, but I had not yet had the idea to dedicate a small Tutorial, and this proof is perfect for its simplicity and its obvious! It is simply a question of proving that Chartism is neither a science nor...
Here is a video of my own top down analysis for CHFJPY. Still waiting for confirmations for any sort of bias. Stay tuned!
OMGUSD Broadening Wedge
Risisng wedge, bearish pattern How to trade that: wait the confirmation of the breakdown. It's less aggressive but safer. Target ? It's written on the chart how to have an idea. On that case, there was a rounded top
Weekly chart shows price nearing the apex of the ascending wedge with a target of $45. RSI is hitting resistance and MACD's histogram is possibly printing hidden bearish divergence. H4 chart shows RSI, and possibly MACD, printing bearish divergence. The nearby demand has already been tapped once making it much easier for the next drop into it to potentially fall...
Care to comment and explain what do u think that you see in the picture, please?
Good morning, traders. The consolidation for Bitcoin continues along an S/R line (H4 dotted red horizontal line) that's been prevalent since December. I have continued to readjust the H4 RSI descending channel to more correctly fit the price movement. At this point, we see RSI nearing a potential break of the channel's resistance as well as having just recently...
Wedge on daily chart Could short with SL above upper limit
Just taking a wider TF look at the pair. We can see a much clearer picture of a the possible ascending triangle that is printing. Weekly supply zone in green denotes the resistance at the top of the triangle. The W1 chart suggests that a clean close above that resistance should have price targeting the orange zone just below the weekly HVN. The D3 chart shows that...
MONEY MANAGEMENT Here you have an example of a strategy, you consider stop and targets with a risk reward of at least 1:2, without which you won't even consider entering the trade. This is just for educational purpose. OMFOREXHELP
Litecoin showing great setup of Re-Accumulation (Bull-Flag) and you can find this chart easy to use on other assets where you can find Descending Wedges. My previous Litecoin analysis was posted on January 23 2019, achieved about 45% profits so far, and still active targets.
Three good examples:- Falling Wedge Bull Flag Pennant
Good morning, traders. Bitcoin made a strong move this weekend. Make no mistake, it's been tough as there has been significant resistance, but price has moved up in spite of that and is now sitting just above the two month long descending channel resistance. In making this move, price has pushed beyond the green price target from last week and is above the daily...