The upper bound of the Descending Broadening Wedge provide a potential neckline for an iH&S formation. BTC has resistance at the 8h MBB/8EMA combo.
Weekly Resistance at the 8 EMA, with 2 Monthly wicks at the UBB.
BTC found overnight support as it ran the 5 min 8 EMA to the upside. A new addition to the Geotech roster, the Broadening Descending Wedge is classically categorized as a reversal pattern.
A breakout can be seen above this descending broadening wedge, this breakout will likely form a channel above this wedge The indicator provided (mavilimV) shows this increasing trend This is the weekly chart so a long investment is warranted
Resistance at the 8h 50 SMA, supported by the 8h 8 EMA, BTC rejected the top of a Descending Broadening Wedge.
We have Bullish Divergence on MACD and RSI near the bottom of a Descending Broadening Wedge Pattern at the PCZ of a Bullish Gartley in Logscale.
Bitcoin continues to repeat itself. Will it do it again? The current RSI has formed an almost identical pattern as it did in September. During this time it was forming a descending wedge/pennant/triangle. Currently we are near the apex of an identical wedge and the RSI reset almost exactly like this at the end of September before it took off from 39K to...
The current candle looks like it is floating on support, as upper and lower trend-lines have presented for a Descending Broadening Wedge.
We are breaking out of this descending broadening wedge after confirming a partial decline our logscale target takes us up above 1 cent to the 1.618 fib extension. this trade requires me to risk 60 percent of the position size so im not putting anymore than a thousand dollars into it.
TSLA has been on a tear lately and just broke and closed the daily to the upside of this descending wedge. A measured move from the break would put it at $1300. Note that the RSI reset to levels not seen since $785
BNB UPDATE ANALYSIS! As you can see my yesterday prediction price about BNB. i suggest BNB will make falling wedge bullish pattern. But suddenly BNB drops the price until reach 570.1. But after the effect. I can see another bullish pattern that possibility appears on BNB H4 Timeframe chart. BNB now have possibility to create D.B.W bullish pattern. As you can...
Descending Broadening Wedge, possibility appears on the GBPUSD H4 Timeframe. This pattern may show the price goes into a bullish move after this pattern is completed. The target that is expected to be achieved is the same as the length The DBW pattern itself and also there is resistance levels are also adjacent to the target of the DBW pattern. Note : The market...
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bottom fish opportunity, this one can look for entry at the bid, real action doesn’t start until over 1.52 and watch for rejection at 1.64 (could be quick in and out target might blast through without any resistance) Entry @ the bid over 1.35 PT1- $1.66 PT2- $2.02 Macro (weekly hold) PT1- $2.49 PT2- $3.32 PT3- $3.78 stop loss 1.33 R:R (PT2)...
DISCLAIMER ON, This is my personal trading plan , USDJPY forming DBW (descending broadening wedge) pattern SL max 113.160 - TP 115.455
We could see a decent move up if we mange to stay above the 50 line on the RSI from here.
Chart shows the possibility of the Right Angled Descending Broadening Wedge Pattern and it's target. A right-angled descending broadening wedge is a bullish reversal pattern.
NASDAQ has broken through the key resistance confirming a two hour inverse head and shoulders as the vehicle to break the broadening wedge to the upside. Price is supported by the 8 EMA on the 5 min with what looks like an Algo short-covering (profit taking) signature.