Broadening Wedge Viewpoint For visual assistance to my previous idea. Indicates a potential breakdown coming at the support line if price tests the line 3 times without pivoting.
Ascending Broadening Wedge
Bearish 5-0 Entry Below Ascending Broadening Wedge Demand LineJust Like BTC Did a Few Weeks Ago , The SPY has broken below an Ascending Broadening Wedge Demand Line and has formed a Bearish 5-0 at the tail-end of the breakout. The Reciprocal AB=CD PCZ of this Bearish 5-0 takes us to the 55% Fibonacci Retracement and that's where we closed today. If we get follow-through price action we should see the SPY Continue Downwards from here and perhaps fulfil the Measured Move of the Ascending Broadening Wedge and take us all the way back down to $344.43
Atom ATOMUSDT - Bullish head and shoulders + ascending channel- ATOM is one of the greatest looking coins at this moment on Binance.
- We can see on the weekly chart an inverse head and shoulders pattern with tripple TOP resistance.
- ALL coins dropped hard, but ATOM's uptrend is still intact as the ascending channel still holds.
- Check my related idea about ATOMBTC chart below! It is very bullish.
BTCUSD Looking to Retest $39000 LevelGood Day my fellow traders! As you can see from the chart on the 6hr, BTCUSD is currently trading inside a Ascending Broadening Wedge. This is know to be a bearish pattern. Thus far, we have three touch points on the support trendline, falling below it will confirm breakout and give a target of $39600.
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
Ascending Broadening Wedge *Update* BTC*UPDATE*
The wedge has broken out to the downside as expected. Current target is $38.8K.
Note: A further pullback below this target can happen. BE ADVISED :)
Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :)
Peace Love Money ;)
BTC (Ascending Broadening Wedge)Large ascending broadening wedge for BTC. 80% chance the price will break downwards. Look like a potential form of a complex HNS, shoulder not yet form though.
BTC 1H
Breakdown Ascending Broadening Wedge of ADROADRO forming ascending broadening wedge and already broke downt its lower trendline and is valid on its pattern with bearish divergence. potential downtrend minor if buyer still strong and have a ton of good news with good IHSG movement
AAPL Rising Wedge Break Weekly Options PlayDescription
AAPL has broken out of an Ascending Wedge to the downside following an ATH just over 182.
Ascending Wedges are at most intermediate in their trend implication and represent a general petering out of investment interest as the formation progresses and the stock becomes more expensive. Wedges typically take at least 3 weeks to form, otherwise they would be classified as a pennant. Also, prices usually travel 2/3 of the way through the formation. These are two technical facts we see here when using the bounce on 26NOV to 02DEC as the start of the pattern.
The resulting price move implied by the pattern is equal to at least an entire retracement of ground covered by the formation of the Ascending Wedge, to 156.75.
Using a Long Put combined with a Call Credit Spread here in lieu of a Put Debit Spread
The reason for this is to decrease the overall debit of the position, but also leave profit potential open to the downside in the case of a long or swift fall accompanied by a sharp increase in IV.
Long Put
Levels on Chart
Reevaluation: 177.5
PT : 159
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
2/4 40P
R/R & Breakevens vary on fill.
Manage Risk
Only invest what you are willing to lose
BTC (Ascending Broadening Wedge)Ascending Broadening Wedge pattern, 80% price breaks down of pattern. Key support will be 40536.66.
BTC 1H
PFE / USD 1D Pfizer - Flying the Bull Flag?Bull flag in the trading sense of the word... I could see a retest of the ATH...Pretty sure the shareholders can too. Bull flag within the ascending broadening wedge pattern may visit around the $55.00 region first. Look at how fast this ones moved though. No surprises eh. Personally not trading this instrument.
Bitcoin Weekly Buy SignalBitcoin had a nice retracement to the 0.382 Fib level and bounced back over the Base - line.
The Stochastic RSI confirms a buy signal in the oversold area, which shows nice room for growth in the next weeks.
As long as we are above the cloud and inside of this "ascending broadening wedge", this should be safe.
I am expecting Bitcoin to rise to old highs in the near future, riding this wave till indicators show signs of weakness.
Stop Loss is targeted at 2x the ATR, so 5781,42 x 2 = 11562,84 points from 44815.
Ascending Broadening Wedge BTC on Large TimescaleAscending Broadening Wedge naturally bearish but failure of pattern also important. Price target 1.618 golden fibo off the entire move?
GOLD SHORT LONG TERM SELL PENDING AT 1747This chart is on the weekly chart. Over the last few years, Gold has formed an ascending broading wedge price pattern.
Once price builds it winds up to a break in either direction. As the fed tightens and increases interest rates this will push Gold into a strong bearish market.
This is likely to take several months to play out, it could be by end of January or February. Everyone thinks gold will go bullish . That could be completely wrong as with inflation individuals with start using alternative investments.
My methodology will be to use a pending SELL order at 1747 with a TP at 1700 - if it breaks below then looking towards 1681. There will be a break for first win, then a retest following a larger bearish trend .
First target is 1681/1700 with even a long term target of 1450 or lower.
DOT bearish scenario$DOT broke down from ascending broadening wedge pattern.
current zone can act as support and cause increase to broken support to confirm it as resistance.
then more drop to 0.786 fib level and maybe touch support zone between $7 and 10.
RSI candles shaped a triangle that current candle can be on lower line.
Target of ascending wedge formation on monthly timeframeThe possible target of the rising wedge formation in the monthly time frame does not look encouraging at all, there is a possibility that there will be a move that will almost completely eliminate the entire annual rise.
Bearish 5-0 Entry Below Ascending Broadening Wedge Demand LineFrom the looks of things we should see prices at least peak below the 40k level and at worst see this be the beginning of something much more bearish.
DogeCoin is about to make another leg upAn ascending broadening wedge pattern formed on the dogecoin chart. I expect it to make a big move up to $0.44 for the short term. On this level ($0.44), it depends on the market whether if another FOMO drives the price to $1 or rejects this level to the pattern projection.
SHIB Down to 4800 area Hi traders,
Sharing a quick idea for a short. SHIB has left yellow ascending expanding wedge and will complete the figure with the fall to wedge base around 4800 area.
Good luck.
Tony
Bitcoin RoadmapPlan : support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc on lower timeframe --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
Ford Motor Co. (F) Overall Macro Trends & Bullish Case for ATHsThis a fairly long video on Ford Motor Company NYSE:F and the overall macro trends I see in its market. I am long on Ford and this is my bullish case-video and DD. I hope you enjoy! NYSE:F . This is also my first voice over video, so please be kind and let me know if there is ANYTHING you disagree with on the charting aspect of the video or otherwise.
Identified:
1. Falling Wedge
2. Ascending Rising Channel
3. Ascending Broadening Wedge
4. Levels of Support
5. Levels of Resistance
6. Breakout Zones
7. Overall Options-Chain Sentiment
Tools Used:
1. Trading View
2. Google
3. Unusual Whales
4. www.ford.com
5. My brain
Indicators Used:
1. Weekly Candles to find levels of support and resistance - keeping it simple
Could Ford be on the verge of a breakout? How is Ford fitting itself into the EV future? What does the big money say about Ford?
After careful study of Ford NYSE:F I have come to a bullish conclusion that this stock is getting very close to all time highs. There are 3 major overall macro BULLISH patterns at play that I have highlighted in my video.
1. Falling Wedge
2. Ascending Rising Channel
3. Ascending Broadening Wedge
NYSE:F
We are possibly about to enter into a breakout zone with NYSE:F as a Broadening Wedge breakout is forming right now. This Broadening Wedge breakout could propel Ford out of its Ascending Channel, which itself was used to thrust Ford out of its Falling Wedge. This is my mind is BULLISH. Please watch the video for more details on my case of Ford reaching new ATH and when that could potentially happen. Any feedback is greatly welcomed!
I am long on Ford F
#AXSUSDT (Update) 10/21Axie Infinity is a Pokémon-inspired digital pet universe built on the Ethereum blockchain where anyone can earn token rewards through skilled gameplay and contributions to the ecosystem.
To create a better user experience and promote scalability, the Axie Infinity team is building a layer-2 sidechain named Ronin.
The AXS token is the ERC-20 utility token of the platform and is used for:
Governance: AXS token holders will be able to stake their tokens and participate in governance voting.
Staking: Players will be able to stake their AXS to earn weekly rewards.
Payment: Players can use the AXS token to play games and conduct payments.
#AXS may be worth it to add this coin to your Watch list. 👀
Pree "like button" and leaving your "comments" below our ideas is a great thing and supports us to providing more ideas.❤️ (Share it with your folks)
Everything mentioned on the chart (Pattern/Resistance/Support / Breakout/breakdown levels, Also R: R)
add to watch list means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume, showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your Wish-list until the right time for entry.!!
Ps:
we avoid trading any coin if the entire project for it is based on gambling, prostitution, human trafficking, borrowing, and lending, etc.
This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. the Cryptocurrency market is very volatile and involves gains and losses as well so know very well what you are heading towards before engaging in it.
The information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
Good luck to All.
🙏we ask Allah reconcile and repay🙏
PADINI potential >200% to reach around RM10.. 22/Oct/21PADINI stock price may reach at around RM10 at the upper line of ascending broadening wedge pattern.. Before a big "crash" .. for expanding flat pattern..
