Looking for Impulse Down. GbpUsd moving down soon.It is on retracement now. You should look for entry on lower Time Frame. GU formed a bearish rising wedge pattern to fall. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the...
As We Talked in The Previous Analysis: The USOIL Reached a Resistance Level (74.03 - 74.75). Currently, The Price Formed a Rising Wedge Pattern. The Support Line is Broken. So, I Predict a Bearish Move. ________ TARGET: 69.50🎯
As We Talked in The Previous Analysis: The USOIL Reached a Resistance Level (74.03 - 74.75). The Price Formed a Rising Wedge Pattern. The Support Line is Broken. Currently: The Price Pull Back to Important Structure, and Now It Will Continue Its Bearish Movement📉 TARGET: 69.50🎯
BTC.D Bitcoin dominance dropped from 55.5% to 51.5% after a rising wedge pattern predicted declines Altcoins have rallied strongly as Bitcoin dominance declined, but most alts are now overbought and due for a correction. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
FOREXCOM:XAUUSD is forming a strong bullish trend, but there are some preconditions on the chart, which in tandem with the news can form an unexpected scenario. Today is the last strong news of the year. Namely, at 13:30 GMT Initial Jobless Claims will be published. Overall, analysts are expecting 210K relative to the previous 205K. This is bad data. But a...
CONTAINER CORPORATION OF INDIA LTD Key highlights: 💡⚡ ✅On 1 Hour Time Frame Stock Showing Breakout of Rising Wedge Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 874+. ✅Can Go Long in this stock by placing a stop loss below 838-.
Is AUDJPY exhausting at highs? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 95.5 What you guys think of it?
Historically a break of a Rising Wedge, especially after a weekly Gravestone Doji just printed at the top of the trend while under previous resistance likely means we are a go for ALT ignition sequence...
📈 USDT.D Monthly Analysis: A Rising Wedge Catalyst for the Crypto Bulls 🚀 Traders and crypto enthusiasts, buckle up for a potential game-changer as we dissect the monthly chart of USDT.D (Tether Dominance). The recent confirmation of a rising wedge pattern has set the stage for what could be the ignition point for the next crypto bull market. 🔍 Analyzing the...
You never know when a rising wedge will break really but one thing for sure is you don’t go long when you see it forming. Rising wedges can be invalidated by a violent breakout. However, that usually results in an upper wick and falls back down anyway. Cheers GL. This is a follow up from my previous in depth analysis.
APOLLO HOSPITAL LTD Key highlights: 💡⚡ 📈 On 1 Hour Time Frame Stock Showing Reversal of Rising Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 5680+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 5950+. 📈 Can Go Long in this stock by...
Hi Traders ! The USOIL Reached a Strong Resistance Level (79.72 - 78.47) The Price Formed a Rising Wedge Pattern. Let's Expect The Bearish Scenario: If The Price Breaks The Support Line and Closes Below That, I Will Sell on Retest... TARGET: 70.50🎯
As We Talked in The Previous Analysis: The USOIL Reached a Strong Resistance Level (79.72 - 78.47) The Price Formed a Rising Wedge Pattern. Currently, The Support Line is Broken and Now The Price Will Continue its Bearish Movement ! __________ TARGET: 70.50🎯
I think the rising wedge is a continuation of the double top bearish pattern. Looks like a retest of the broken support. I'm going to start shorting now, if I see a fake break out of the resistance I'll add. My SL triggers only if a daily candles closes above the resistance.
What is a Rising Wedge? What helps us look at it and confirm it? ✅ Upward Trend: The pattern typically forms during an upward price movement. ✅ Converging Trendlines: Both the support and resistance trendlines slope upwards, but they converge as the pattern matures. ✅ Volume: A declining volume accompanying the formation often strengthens the pattern's bearish...
🏃♂️Bitcoin re-entered the 🟡 Price Reversal Zone(PRZ) 🟡 and is currently moving in this zone. 📈If we look at the chart from the view of Classical Analysis , it seems that Bitcoin has succeeded in forming a Rising Wedge Pattern . 🌊In terms of Elliott wave theory , Bitcoin seems to be completing wave C of the corrective Zigzag(ABC/5-3-5) structure. 💡Also,...
We can see price reaching out to the daily timeframe bearish channel upper line, which potentially can act as resistance for the price. Additionally, we can spot the formation of a rising wedge pattern in the chart, which is intrinsically bearish and is regarded as a reversal formation in an uptrend. Another factor indicating the loss of bullish momentum is...
Looks like a breakdown of a falling wedge pattern in BTC chart. However, the on-chain metrics tell us a very different story in terms of Bitcoin's current state. According to on-chain data, as of last week, there are 47.87m addresses with a balance in Bitcoin network. This obviously excludes user balances on centralised exchanges. It is constantly increasing and...