Keep your eye on this wedge pattern for QQQ. If it closes below the wedge line, there is a good chance it falls more.
Hello and welcome to this analysis In the weekly time frame its given a wedge breakdown and followed it up with a throwback to resume its down move again. In this process it has also activated a Bearish Head & Shoulder pattern. Resistance is now at 1600 while support comes in at 1275 (with a minor one near 1460)
The price had a nice breakout from the descending channel on the daily timeframe. After the breakout the market had another breakout from the static daily resistance with volume on 1.8$ area. on 4h timeframe the price is testing the supply zone, the 2.5$ area is a key level for WAVES, and now the market is creating a rising wedge. A rising wedge is a bearish...
Watching WTI this morning as we continue to see it tighten between the recent downtrend line and the high line from the daily down channel from a few weeks ago. The high line was respected from Oct 5th -7th, even though we haven't had a precise close on the 30min TF, price has rejected from that area so I think this is safe to view as a descending wedge.
Since sept 2021 , NSE:BALKRISIND has changed the price action and started to making lower lows. So to find more opportunity, we have to understand and take a look from higher TF. Weekly TF(Higher timeframe) - As in weekly TF, a bullish trend started from March 2020 has been stopped somewhere in Sept 2021 and trend has shifted. In between , A rising wedge has...
#ETC/USDT #update $ETC broke down and done its pullback to confirm the support zone as resistance. also RSI below HMA is a bearish sign. 🐻 so it seems bears are in control
Hello and welcome to this analysis on Tata Steel After a long correction which lasted more than 7 months, in FEB the stock gave a vertical recovery rally. The rally ended with a diagonal indicating signs of short term exhaustion. Earlier this month we saw the diagonal breakdown and today we are witnessing more selling pressure in it. It could continue this decline...
Is this a dream, inside of a dream, inside of a dream? BTC loves playing with our emotions. It's having a field day with this one. This price action is coming in the middle of the night and furthermore, this is coming off of a confirmed H&S, as well as a number of other bearish patterns. Im not even going to try to guess the direction at this point, I'm just going...
I love Bitcoin because its the gift that keeps giving, Though, I cannot wait till we take a breather and looks like That might be soon. Still trading within the rising wedge and looks like this is going all the way to the top! Overbought on all time frames from hourly to monthly. Monthly RSI approaching trend line matching the other good market runs back in 2017...
USOIL today broke the wedge pattern which I had posted last week. Gave an easy opportunity for a short trade. I have marked a key support level and a support zone.
MATICUSDT is inside a descending channel and falling wedge. The price is testing again weekly (and very important) structure. IF the price will lose weekly support we can see a new bearish impulse. IF the price will break the falling wedge and turns the daily resistance as support According to Plancton's strategy, we can set a nice order Weekly Monthly ...
I've found a clear rising wedge in FXCBTC which is a very bad sign and id guarantee will fall a decent amount
Sentiment: Neutral to Bearish As we've observed in the past two weeks Gold has been in a significant uptrend due to its negative correlation with the $DXY (US. Dollar Index) as well as overall volatility in the markets. However as we all know the law of gravity states that all things that go up must eventually come down. Reasons: 1. Rising Wedge Pattern and...
A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line. Each of these lines must have been touched at...
Price formed a rising wedge after its bounce. Validation of the pattern is also supported by the reducing volume as the price rises, revealing a divergence. Wedge top price matches with 50% Fibonacci level. If price remains below both of these levels, next move will possibly be the breakdown of the wedge. First target is at 2450. If you find the idea useful,...
As CHMA breaks its upward wedge pattern, a short position is entered with a tight stop. Factors leading to the decision: Huge rejection at the ATH, creating a new major down-trend Lower trendline of an upward wedge has been broken Heavier bearish volume showed up at prior dip, getting the attention of short sellers Price came back up and re-tested the...
A giant ascending wedge is forming on the Dow dating back from early this year. Expecting it to hit 30,000 sometime mid to late 2020 and profit-taking to come into play.
Part 9: Next week looks set for a bullish TD Sequential 9 on the Weekly chart that hasn't been seen since July 2018. Back then this led to a 40% increase in the price of Bitcoin followed by 4 months of consolidation. This scenario is labeled "A". Extrapolation C is the inverse of the "bearish" TD 9 in April 2019 that led to a continuation of the bull trend. Hence,...