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Wedge

The Wedge pattern can either be a continuation pattern or a reversal pattern, depending on the type of wedge and the preceding trend. There are 2 types of wedges indicating price is in consolidation. The first is rising wedges where price is contained by 2 ascending trend lines that converge because the lower trend line is steeper than the upper trend line. In other words: the lows are climbing faster than the highs. These wedges tend to break downwards. The second is Falling wedges where price is contained by 2 descending trend lines that converge because the upper trend line is steeper than the lower trend line. In other words: the highs are falling faster than the lows. These wedges tend to break upwards.

Conservative traders may look for additional confirmation of price continuing in the direction of the breakout. The target can be estimated through the technique of measuring the height of the back of the wedge and extending it in the direction of the breakout. A common stop level is just outside the wedge on the opposite side of the breakout.
JohnnyPurtoy98 JohnnyPurtoy98 USDCAD, 1W, Short ,
USDCAD: USDCAD bearish moves
75 1 0
USDCAD, 1W Short
USDCAD bearish moves

The double bearish flag can be seen, also this has been confirmed by the falling wedge. This does mean that it would be best to keep an eye on the market as the price is going to most likely breakout the resistance top of this falling wedge eventually. Looking at the RSI and chart patterns I believe that the price is going to fall as it does not look like it has ...

Esat83 Esat83 XRPEUR, 120, Long ,
XRPEUR: XRP price reversal!
174 0 5
XRPEUR, 120 Long
XRP price reversal!

Over the past few months the XRP price seems to have formed a wedge pattern. As the wedge has developed it has emerged as a falling wedge indicating the price reversal will be in the opposite direction to what we have seen recently. Once the price breaks above the upper trend line it will signal a breakout to a higher price and rally. The wedge has lasted a ...

JohnnyPurtoy98 JohnnyPurtoy98 GBPJPY, 240,
GBPJPY: GBPJPY retracement could be coming
28 0 0
GBPJPY, 240
GBPJPY retracement could be coming

After a successful break this currency pair looks like the price may retrace, this is due to the oversold and extended conditions the price is currently facing. The price is likely to retrace to around 147.400 before further bearish movements. I would keep everyone updated on my findings for this currency pair over the coming days.

ZbigniewMeister ZbigniewMeister IOTUSD, 240, Long ,
IOTUSD: IOTA/USD (Falling Wedge)
26 0 0
IOTUSD, 240 Long
IOTA/USD (Falling Wedge)

Looking like a falling wedge pattern leading to support between $1.6 & $1.7, and that's where the buy zone is going to be in this trade. RSI is showing bullish divergence on the 4h chart, I think it is likely we see another low here before we breakout from the pattern. Favourable Risk to Reward here Entry: @ $1.68 - $1.61 Stop-Loss: @ -8% TP1: @ $1.96, TP2: @ ...

dgalabov dgalabov BNBBTC, 30, Long ,
BNBBTC: BNB/BTC  - Falling Wedge Continuation
25 0 0
BNBBTC, 30 Long
BNB/BTC - Falling Wedge Continuation

https://www.tradingview.com/x/KKMD9Rha/ I am long here with the idea, that BNB may reach and even surpass yesterday's levels.

kcFX kcFX GBPJPY, 240, Short ,
GBPJPY: GBPJPY Rising Wedge (short)
48 1 2
GBPJPY, 240 Short
GBPJPY Rising Wedge (short)

H4 Timeframe Potential sell on GBPJPY Rising wedge pattern, waiting for price to break lower trend line before going SHORT

kcFX kcFX GBPCHF, 240, Long ,
GBPCHF: GBPCHF Potential Falling Wedge Continuation Pattern (long)
12 0 0
GBPCHF, 240 Long
GBPCHF Potential Falling Wedge Continuation Pattern (long)

H4 Timeframe Potential falling wedge continuation pattern waiting for price to break top trend line before going LONG

kcFX kcFX GBPNZD, 1D, Short ,
GBPNZD: GBPNZD Potential Rising Wedge Pattern (short)
14 0 0
GBPNZD, 1D Short
GBPNZD Potential Rising Wedge Pattern (short)

Daily Charts GBPNZD potential rising wedge pattern wait for price to break lower trendline before going SHORT

kcFX kcFX GBPCHF, 240, Long ,
GBPCHF: GBPCHF Potential Falling Wedge Continuation Pattern (long)
9 0 0
GBPCHF, 240 Long
GBPCHF Potential Falling Wedge Continuation Pattern (long)

H4 Timeframe GBPCHF potential falling wedge continuation pattern waiting for price to break top trend line before going LONG

judgecannon judgecannon UKOIL, 240, Short ,
UKOIL: Brent reversal coming???
82 0 0
UKOIL, 240 Short
Brent reversal coming???

we currently have a rising wedge and slight divergence - I'm watching for a break below the lower portion of the wedge

naynay97 naynay97 EURCHF, 60, Long ,
EURCHF: eurchf long
28 0 0
EURCHF, 60 Long
eurchf long

falling wedge pattern has confirmed uptrend but overall it looks like it will go bearish in long term goals

ollyt33 ollyt33 USDJPY, 240, Short ,
USDJPY: USDJPY
28 0 1
USDJPY, 240 Short
USDJPY

Short?

naynay97 naynay97 USDJPY, 30, Short ,
USDJPY: usdjpy short term goal
26 0 0
USDJPY, 30 Short
usdjpy short term goal

rising wedge pattern is formed as continuation so it should go short after it breaks through pattern.

RossHutchings RossHutchings BTCUSD, 240, Short ,
BTCUSD: BTC Rising Wedge Breakdown to Support - 1st Ever Chart
30 0 0
BTCUSD, 240 Short
BTC Rising Wedge Breakdown to Support - 1st Ever Chart

Potential level of support if breakdown from current 4h rising wedge pattern.

cixsmiley cixsmiley BTCEUR, 240, Short ,
BTCEUR: Rising Wedge
26 0 0
BTCEUR, 240 Short
Rising Wedge

Looking like a rising wedge. Staying in cash and waiting for change from Higher Highs and Higher Lows with some volume and expect a drop of approx 300 euro. May look to go Short with a small stop loss.

Captain_Walker Captain_Walker US30, 15, Short ,
US30: Interesting  conflict of trends and patterns on Wall Street
06:29
15 0 1
US30, 15 Short
Interesting conflict of trends and patterns on Wall Street

In this video I show what I think is a pattern that creates a greater probability for the south. I explain more on how I draw my trend lines, which may not be what the gurus teach people to do. The main feature is a contracting pattern on the 4H which stand to be beaten by the big trend from the Daily. I'm not saying the pattern will break soon. Price may ...

naynay97 naynay97 GBPAUD, 60, Long ,
GBPAUD: gbpaud falling wedge bullish
35 0 0
GBPAUD, 60 Long
gbpaud falling wedge bullish

fallign wedge has been showed and now I am waiting for price to hit that level so I can execute my trade at a lower price.

ShaunBC ShaunBC USDCAD, 1D, Long ,
USDCAD: USDCAD (Daily) - Long
41 0 1
USDCAD, 1D Long
USDCAD (Daily) - Long

Daily: consilidation triangle so market is ranging 1) 62 EMA period currently acting as a support line 2) Stochastic indicator showing pair as oversold 4-hour chart: 1) falling wedge formed during downtrend, reveral signal, so next move is up 2) stochastic indicator has left oversold conditions 3) morning star bullish candles formed

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