$JD looks a little young to me for a breakout just yet. Thinking we see a move to the .618 & 200 MA, only to see a fall back to wedge support/demand.
$NRG coiled into a falling wedge on daily chart. On lower extreme of bollingers. Expecting a move up if it can close above the 200 MA.
CADJPY developed a falling wedge reversal pattern and it could push the price higher if a clear breakout occurs.I can see 3 potential take profit zones at 78, 79 and 80, good luck and trade safe!
I am expecting some correction on this pair after price broke out of a small falling wedge with divergence supporting it.
$SODA has broken it's falling wedge on the daily to the upside, and now faces resistance at it's current price level. Here, it could see a retracement, as a gap still remains near ATLs. However, could continue north into value area and rotate POC into consolidation. Time will tell. Neutral short term. Bullish long term.
$JCP seems to have reached a long term balance area on the weekly. If we see a move to the upside, rough fibs are plotted. The question remains... will JCP bounce back, or go bankrupt?
$TCK falling wedge on weekly has broken out to upside. While move is strong, showing neg divergence on RSI. Could mean a slight pullback. Noticed cup move near apex, could see a handle before a push higher. Short short term, long over long term
$AAPL daily shows a channel down (validated by mid-line support at several points). However, after the completion of the H&S, a falling wedge is taking shape, with the former neckline of the H&S now acting as resistance (red). Should the wedge break to the upside and fill the gap, look for a target near 110. The last two months has also formed what could...
It's unpopular count as many call for immediate short down towards sub-parity. The idea is simple - we got impulse up from 2000 low and now we are in a long term correction which shaped a very nice Falling Wedge pattern. None of the trend lines were broken so the model is valid. The wave C up should be impulsive with minimum possible target at 1.75 level where...
OZRK in falling wedge paired with positive divergences in RSI and MACD
PSX daily in a falling wedge w/ reversal hammer candle. Watching for a pop.
Watch for upside breakout on EURAUD, it reached a big support and is in a need of a good correction, a nice recipe for a good trade.
everything of my strategy is indicated on the chart Happy trading everyone!
We have the USDJPY in a massive over exhausted downtrend on the daily. Technical: Daily bullish wedge. VERY long term trend line rejection after Brexit VERY key support line from 2014 Deceleration, failure to break brexit lows Doji candle on Friday 8th July Along with these excellent technical's there is also a few fundamentals to go along with it, to see this...
After the severe appreciation of the YEN we are likely to see it bounce back, especially given that there is a level of support in the form of a falling wedge. I think that it is likely to bounce up to the structural level of resistance as indicated by the horizontal black line. I see no fundamental reason for a prolonged period of USD strengthening against the YEN.
GBPNZD closed outside falling wedge right on a weekly support, this should start a correction for a few days or weeks.
Bulls are pushing USDJPY higher after it reached a key support level, also price formed a falling wedge pattern and i am waiting for a breakout followed by a pullback for a buy.
EURAUD is in a falling wedge pattern and it looks like its getting rejected from 0.786 fibo so buying after wedge breakout seems like a good idea.