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Ascending Broadening Wedge

AAPL: The Ultimate Bearish Shark Scenario Pointing Towards $33There is already an Active Bearish Shark Trade going on with AAPl that is targeting $152.24, which would be a 0.618 retrace of the local range, but there are much bigger bearish patterns and signals in the long term that could be hinting at an elevated probability of AAPL completely undoing the uptrend it's been in since 2018 and returning to those 2018 lows at $32.99. Apple has been trading within an Ascending Broadening Wedge since 2018 and has recently topped out at the PCZ of a Bearish Shark it formed at the highs with PPO Confirmation and MACD Bearish Divergence. The target of this local top would take it to $152-$124, but if we zoom out to the bigger picture, we can see that if it hits the macro Demand Line from here, it will confirm the Partial Rise of this Ascending Broadening Wedge Pattern and the measured move of this pattern would take it back to the pattern's inception, which is around $35. In addition to that, a break of this channel would also align with a break of a potential Harmonic B point, which would put us in a Shark BAMM and the PCZ of that Shark would land anywhere between the 0.886 retrace and 1.13 extension. Due to this confluence, I find it very likely that if we break below the wedge, we will then see the price of Apple take a Harmonic dive to the $35 area.
NASDAQ:AAPLShort
by RizeSenpai
1
I'll Go To The Moon (ALGOUSDT)ALGO has been trading in an ascending broadening wedge pattern since 19th October. In that time it has risen by ~67% and is once again trading above all EMA's. The market is shaky at the moment and any drops in BTC are causing bigger drops in alts, but any increase in BTC is not necessarily increasing alts much. In any case, despite the very recent downward pressure ALGO found support around $0.13 and is looking to push up to the top of the channel for a short-term 20% increase. In the mid-term, if a breakout of the channel occurs we can target the $0.20 range. If there is any major downward pressure, ALGO could fall considerably to $0.10, but that seems unlikely for now. It has been a while since ALGO has shown some strength, now that it has the explosion should be big. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only. Please feel free to leave your comments and thoughts below!
Long
by kush23456
Bank of America: Ascending Broadening Wedge Below S/R ZoneBank of America has confirmed the MA's and S/R zone as Resistance within an Ascending Broadening Wedge just as PACW did not so long ago, and now more interest is building at lower levels, which could suggest that BAC will be breaking down from this wedge very soon, and the measured move would take it all the way down to about $2, though we could see it try to hold $17 before that. This is a little bit of an update to the BAC and PACW fractal listed in the related ideas tab, this time more focused on BAC as a whole.
NYSE:BACShort
by RizeSenpai
Kroger: Bearish Crab with an Ascending Broadening WedgeKroger has formed an Ascending Broadening Wedge and blasted pass the 1.618 PCZ leading to an ultimate test of the 1.902 HOP level, now KR is trading below the PCZ and has tested it as resistance multiple times this year and has broken below the Demand Line of an Ascending Broadening Wedge. From here out I think the target will be a minimum of $22.32 which would be the 0.886 fibonacci retrace but it could go as low as $17.37 as that would be the standard target of the Ascending Broadening Wedge. In addition to that, the PPO may soon break below its Demand Line.
NYSE:KRShort
by RizeSenpai
Ascending triangle pattern 1) Analysis of the weekly charts 2) Chart patterns break out on the charts. 3) Charting an ascending triangle 4) The stock's resistance level was 426; the breakout with an ascending triangle pattern is good sine 5) The pattern's trend continues 6) excellent value accumulation 7) The uptrend appears to be unbroken. 8) target level of 580 halt loss of 370 9) Use 398 as a stop loss with 500-505 as the target level. 10) The stock's sentimental resistance level is 500. 11) No advice for buying or selling 12) solely for educational purposes 13) not liable for any sort of buy or sell, perform your own analysis
NSE:JINDALPHOTLong
by investigationofchart
LTCUSD: Ascending Broadening Wedge with a Confirmed Partial RiseWe have confirmed the partial rise of the Ascending Broadening Wedge and have failed to break above the major support/resistance level. I now expect the price of LTC to go even lower than 40 and perhaps to around $25-$19 as that would be the HOP level of the Bullish Bat it is currently BAMMing from, but it is possible we get a reaction at around $35 as that would be the 88.6% Retrace, but the most confluence is at the $25-$19 area.
BITFINEX:LTCUSDShort
by RizeSenpai
Reasons to Aim Even Lower Than Before on the NASDAQ-100So you have this Local Double Harmonic setup with PPO Confirmation on the QQQ that is aiming for a 20-40% pull back which can be seen here: In addition to the setup above, you also have this longer term Ascending Broadening Wedge Pattern that goes all the way back to the beginning of 2016 and If the local Harmonic Plays out, we will likely hit the bottom Demand Line before ever having tested the Upper Supply Line and that would then confirm a Partial Rise which would give us a heightened 74% chance of breaking down below the wedge. Upon breaking below the wedge our typical price target for a wedge like this would be a 100% retrace of the pattern which in this case takes us back to 2016 levels at around $3,800
NASDAQ:NDXShort
by RizeSenpai
REM: Partial Rise within an Ascending Broadening WedgeAs the Fed Funds Rate rises and the rise in Consumer Credit Balances come to a halt, I think it will lead to Deflationary Pressure. This pressure would likely send Short Term Bond Yields lower starting with the ultra short ones like the 1 year and below, when this happens I think we could then see this be reflected within the Mortgage Back Securities (MBS) and if that's the case, this ETF will likely fall because it mostly holds a lot of very Short Term MBSs with maturities ranging between 0 and 5 Years, and as the rate of the MBSs fall so will the Demand for them which would likely lead to lower prices. Due to what I explained above I think that this Harmonic ABCD BAMM break down will likely happen and send REM down to the 1.13 Fibonacci Extension.
CBOE:REMShort
by RizeSenpai
LMT a defense sector leader setup LONGOn the daily LMT, over the long term is shown to have descended into the support of the ascending support trendline in what appears to be an ascending wedge. Confluent with the support trendline is the mean VWAP and the mean band of the Bollinger Bands. I see an opening for a long trade targeting the resistance trendline and also the second standard deviation of the anchored VWAP ( red thick line) Fundamentally, LMT just beat on both the top and bottom lines. It is in a obvious growth industry with a bakclog of production in the setting of the Russian Ukraine war and the need for US and NATO to replenish their stockpiles. This long trade is best for investors content with slow moving blue chip Dow Jones type stocks or alternatively agile options traders able to leverage low magnitude up trends. I see about 10% upside and will buy some call options to exploit this setup.
NYSE:LMTLong
by AwesomeAvani
DXY to crash soon?Please read entire description! Bearish Wolfe waves forming inside an ascending wedge on the daily timeframe charts of the dollar currency index. We have entered the monthly resistance band of the ascending parallel channel on the monthly charts and we have reached the top of a channel that we have been trading inside on the daily chart. We are approaching the top formed right before the "dotcom" bubble burst causing all markets to crash (late 90's - early 00's) as well. I think a decent correction is overdue especially with The Federal Reserve hiking interest rates steadily and with CPI (and inflation rates) reaching high numbers that haven't been seen for over 40 years. I don't think is it really possible to pinpoint the top for this run but we are certainly getting closer imo. We could start the downtrend from the top of the daily channel, monthly channel, or reach all the way to the top of the dotcom crash (which relatively isn't too far away). -- Monthly chart channel (resistance band marked in red): Daily chart channel: The bigger picture (daily support levels marked in teal): -- Thoughts and opinions appreciated.
TVC:DXYShort
by xcitedDelirium
CyberAggent At the Supply Line of an Ascending Broadening WedgeCyberAgent currently sits at the Supply Line of a long established Ascending Broadening Wedge and while my first instinct would usually be to short, I think this one is showing signs that it will give us a strong bullish reaction off of this supply line as we have a bunch of Bullish Divergence on the MACD and RSI and are at the 55 Moving Average on the 2 Month while trading in a very tight more local falling wedge pattern. Upon Breakout i think we could go up to make a 0.886 Retrace before ultimately confirming a Partial Decline and Breaking Down. But in the meantime im very bullish here.
TSE:4751Long
by RizeSenpai
Real Estate Sector; A Very Bearish FractalJust like in the lead up to the 2008 the REITs have been going up with no sign of slowingh down whilst inside of an Ascending Broadenign Wedge/Channel and has on it's 4th attempt gone above the Supply Line Breifly only to very quickly come back down again and now it's cracked below botht the 21 and 55 Month EMAs; The last time it's done marked the beginning of an accelerated move down and the eventual Breakdown of the wedge where it then went for the measured move of the wedge which is the price where the wedge began; In this case that would be back down at $289.91 For more context as to how this dump started check the Idea in the Related Ideas Tab as that has a Weekly Timeframed Chart of the VNQ ETF that was showing Bearish Variables before the REIT's Decline Began.
DJ:REITShort
by RizeSenpai