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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.
138 0 1
IOTBTC, 1D
IOTA - Free Signal

Yellow = Buy zone Green = Sell Targets Red = Stop Loss Tweezer bottoms (Green Box) - Reversal pattern Falling wedge - Reversal pattern Stochastic RSI low. Bull Cross RVI - Need to break resistance to confirm continued momentum upward. Smaller timeframes are overbought which should pull the price back within to buy range before continued upward action.

DominicRoberts DominicRoberts EURGBP, 240, Long ,
30 0 0
EURGBP, 240 Long
EURGBP Short Term Buy on Counter trend

Im not really one to trade countertrends, but i feel we could still see a small push from the bulls by the end of this week back up to resisting trend line. Im hoping after we see this small push back there will be a strong bear push down to break the counter trend and for us to find an entry into a potential long term sell. News has made pair very volatile this ...

TheDNote TheDNote BTCJPY, 15, Long ,
4 0 0
BTCJPY, 15 Long
Rising channel on JPY exchange suggests bullish price action

We are seeing a rising channel in the Japanese markets suggesting bullish price action to come, this could mean a jump to 6500 is more likely than i previously thought, keep your eyes open

40 0 0
BTCUSD, 60
We have Rejected $6300 3 times, what could happen next?

We have rejected the $6300 3 times, and the triangle is closing slowly with downward volume over time, we are due some volatility. If we break the $6400 we could see good short opportunities at $6450-6470 but I advise you keep your stop losses fairly tight as a volume profile suggests there isn't much defending a further upward move toward $6600 if we move beyond ...

simon.kraushaar simon.kraushaar INTC, 180, Short ,
7 0 0
INTC, 180 Short
Intel correction?

My first publish and as much for me as anyone else as new to trading stocks. This looks very much like an ascending wedge with a target at around 43, but with resistance at about 47/48 mark which I expect to slow/ halt decline.

43 0 0
BTCUSD, 1D
Bitcoin must NOT break below this wedge

Bitcoin has been firmly within this gently descending wedge since January 20th. Today is likely to mark our third attempt on its rising support level and the Stochastic RSI shows us nicely primed for an impending rise back up to wedge resistance at $8750 over the next few weeks - and possibly through it for a nice bull run. However, BTC has been at the floor of ...

liam4 liam4 BTCUSD, 1D, Long ,
36 0 0
BTCUSD, 1D Long
$btcusd falling wedge, pls bounce ma familia

$btcusd falling wedge, pls bounce ma familia

39 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.

JohnnyPurtoy98 JohnnyPurtoy98 USDCAD, 1W, Short ,
154 1 1
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 ...

55 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 ,
55 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 ,
69 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 ,
17 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 ,
23 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 ,
13 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 ,
87 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 ,
32 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 ,
43 0 1
USDJPY, 240 Short
USDJPY

Short?

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