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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.
barryocathain barryocathain GBPUSD, 240, Short ,
99 2 2
GBPUSD, 240 Short
Wedge forming on H4 GBPUSD

Nice wedge pattern forming on the 4 hour chart. Typical entry point is break downwards but I like to get in at the top of the turn so I enter at the arrow.

5 0 1
VPL, 1W
Falling Wedge

A falling wedge on VPL.

stevepuri stevepuri BTCUSD, 1D, Short ,
1070 5 16
BTCUSD, 1D Short
2018 Crypto Crash (Elliott Wave): Triangle Fakeout

2018 Crypto Crash (Elliott Wave): Triangle Fakeout

stevepuri stevepuri BTCUSD, 1D, Short ,
672 0 21
BTCUSD, 1D Short
2018 Crypto Crash (Elliott Wave): Triangle Fakeout

2018 Crypto Crash (Elliott Wave): Triangle Fakeout

tobymortimer tobymortimer ZECBTC, D, Long ,
297 2 2
ZECBTC, D Long
Possible bullish-reversal on ZEC/BTC

Falling wedge pattern on ZEC/BTC (Bullish-reversal pattern) backed up by support at 0.017. Looking for a breakout within the next month (Mid to late September)

withoutwings withoutwings SML, 1W, Long ,
102 0 0
SML, 1W Long
#SML #StrategicMinerals - Sentiment Returning?

Falling wedge break (coinciding with a 78.6% Fib bounce), strong indicators on the weekly - what's not to like? Wedge target shown (from initial height) coincides nicely with a fib line from each of the retracement and extension plots. All it's lacking now is some extra volume...

230 0 3
BTCUSD, 1D Short
BTCUSDT BITTREX

BTC has been looking quite strong for the past few days, breaking up into the 7k region and has continued up to the 7300 area where it faces some strong resistance. As you can see on the daily chart there has been multiple pull backs to the 61.8 fib level after each impulse move. The 61.8 fib level for the most recent push lines up perfectly with the next daily ...

Michael_KM Michael_KM BTCUSD, 240, Short ,
67 0 3
BTCUSD, 240 Short
Bitcoin Rising Wedge - Bearish Breakout soon?

The bear market isn't over for me yet. Price has formed a wising wedge in leading into an area of resistance. The rising wedge is supported by RSI. We also have some hidden divergence, suggesting a continuation to the downside.

naynay97 naynay97 GBPUSD, 240, Long ,
28 0 1
GBPUSD, 240 Long
gbpusd falling wedge pattern

falling wedge pattern has occurred which should hopefully break into the upside and reach higher price rates. I'm looking to reach the 1.30 and take profit from there.

11 0 0
USDCAD, 60
A Rising Wedge

A Rising Wedge on the USD/CAD.

199 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 ,
70 1 1
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

43 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 ,
8 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.

47 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 ,
38 0 0
BTCUSD, 1D Long
$btcusd falling wedge, pls bounce ma familia

$btcusd falling wedge, pls bounce ma familia

42 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.

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