OXY confirmed the wedge breakout on the weekly. I have a bunch of 70$ calls for Jan 2025, I wanted to tie up less capital to bet on oil prices increasing. This is the benefit of options vs spot. I can risk less money for more upside than just buying spot. Breakouts on longer-term time frames are much more reliable than lower term. -Price targets remain 65$ short...
NZDCHF nicely respected a solid rising trend line on a daily. We see a confirmed violation of a resistance line of a falling wedge pattern on a 4h time frame. We can anticipate growth now at least to 0.5422 ❤️Please, support my work with like, thank you!❤️
Price broke downe the wedge pattern and retested it. So possible move down towards the nearest support 1.3430. Trade carefully!
On the above 2-week chart price action has corrected 75% since the sell signal (not shown) in October 2019 @ 1600. Now is an excellent moment for a long trade position. Why? 1) A strong buy prints (not shown). 2) Strong bullish divergence. Blue circles. Look left. 3) Falling wedge is yet to breakout however with points 1 and 2 we can be confident in the...
Rising wedge during tops is a bearish pattern and NSE:NIFTY seem to be breaking down from the pattern as seen in the chart. Still there are a few hours to go for close but it closes below the wedge lower line then it would confirm breakdown. At the same time, NIFTY also might close below 20 DMA today which is a good confluence. As per technicals, potential...
Pretty boring price action today but it did tell us a lot in terms of which algorithms are in play. Yellow was activated as a strong buying algorithm which should be used to take us out of tapered orange - But we will need PA over the coming days to confirm this and for price to begin using our strong blue buying continuation to continue a move upward to retest...
With the rejection of $21, NYSE:PLTR looks set to fall to new lows. I think it's likely that we're going to sweep the lows at $8 and keep falling from there to a final target of $1-2. This will likely take place at some point in the back half of 2024 and should present a great buying opportunity once it gets down to those levels. Let's see what happens over...
Hello Birdies, Here is a scalp trade. Steps wait for price to breakdown 71.5k wait till it create low after pull back enter where you find it near the price given on chart One more thing pay attention to H1 to see if we hold above $71.5k or drop back below.. If we continue up, next target to watch is around $74k
Price action analysis on WTI Crude Oil. Key levels. Potential scenarios. Trading plan. ❤️Please, support this video with like and comment!❤️
Keep an eye for a potential breakout There is always a chance for retest of the wedge But first target would be the resistance at 0.00218 a good +50% move
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it fell to support area, which coincided with $61400 level, but at once bounced up. After this, price rose to resistance line of channel and even higher, thereby exiting from channel. Then BTC entered to wedge, in...
Yearn Finance has been down-trending for years in sats but is sitting on historical demand zone once again. It has recently printed a bullish hammer on weekly, a decent bounce towards 100EMA resistance would make sense. ⚡️⚡️ #YFI/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 3.0% Current Price: 0.1437 Entry Targets: 1) 0.1432 Take-Profit...
As I analyze the current Bitcoin chart, I recognize a rising wedge pattern emerging, which typically signals an impending bearish trend reversal. This pattern is defined by two converging trend lines that encapsulate a series of higher highs and higher lows. I'm aware that such formations often suggest that the bullish momentum is losing steam, despite the ascent...
Probably one of the slowest bullish developing patterns in #crypto history Yes! XRP ledger sucks Yes! it's centralised garbage that the banks will not use. Yes! It does not even have a blockchain per se. Does not matter the tea leaves says higher for longer than most can fathom.
ASTRAL 2HR chart formed Channel pattern 0r Wedge pattern Today 12.03.2024 Narrow CPR so many have high probability in high movement in stock in either direction due to price in top channel pattern, if price breaks the trend line movement will takes to New high in price Target 1 ---> 18% Target 2 ---> 50%
Here I have AUD/JPY on the 4Hr and Daily Charts! Daily Chart- -We see Price outlining a Rising Wedge and with this the First inclination that we could see Price push down further is the Bearish Divergence shown as the HIGHS on the RSI indicator suggesting Bulls could be losing Power! -The High created on Feb. 23rd was followed by a STEEP decline in price!! Much...
As you can see on the 1 Hr timeframe there is a falling wedge formed. It fels together with support on earlier price moves. Even the RSI has cooled down a bit. But watch out, on the 'daily' the RSI is still in the 'over bought' area.. Despite of that I'm bullish on Filecoin
✅ DXY Index has succeeded in completing a Rising Wedge Pattern near the 🔴 Resistance zone($105.90-$104.64) 🔴. 🔨DXY also managed to break the lower line of the Rising Wedge Pattern and is currently breaking the 🟢 Support zone($104.30-$103.89) 🟢. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔After breaking the 🟢 Support...