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Broadening Wedge

Ethereum is in a broadening wedge pattern.Formation of an ascending broadening wedge after a trough www.centralcharts.com This type of pattern appears during the correction in a bearish movement, it is a bearish continuation pattern. Resumption of the bearish movement after correction. The break in the support line definitively validates the pattern. The price objective is given by plotting the wedge’s maximum height onto the breaking point NB: pullbacks are harmful to the pattern’s performance. Statistics of the ascending broadening wedge after a trough - In 79% of cases, the exit is bearish. - In 23% of cases, an ascending broadening wedge occurs in a consolidation movement. - In 81% of cases, the pattern's price objective is achieved when the support line is broken. - In 40% of cases, the price makes a pullback in resistance on the ascending broadening wedge’s support line. From www.centralcharts.com
Short
by tradepsych
ADA/USDT Will increase in the coming days!Hi every one Cardano / US Dollar As you can see, the price is inside the broadening wedge and the price can go up to point E . The { Hidden Bullish divergence } indicates a price increase, Remember that oscillators show the future of the market. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
11
S&P500 Holding Above Broadening Wedge, FibsThe S&P 500 Index(SPX) closed Friday at $3,768.26, down -56pts(-1.5%) on the week. Price marked its 8th weekly close above the upper line of the yellow broadening wedge pattern which for now indicates a successful breakout from the consolidation pattern. After hesitating just below the 127% Fibonacci extension(based on the 18Feb2020 high and the 23Mar2020 low Fibonacci Range) for most of December, price is now trading between the 127%-141% Fibonacci extension levels with the 141% extension being the next target/resistance level if the current wedge breakout sees upside continuation. Last weeks’ price candle closed as an inside candle(bearish harami) which is where the entire trading range of the candle(upper wick to lower wick) was within the trading range of the candle prior to it. This is considered a bearish pattern when preceded by an overall uptrend in price, but there have been many recently that did not result in moves lower in price. For now price has positive momentum as indicated by the green price candles. In this momentum algorithm price candles are colored green when price has positive momentum, gray when price has neutral or no momentum, and purple when price has negative momentum. The overall trend and momentum in the S&P 500 are considered to be bullish with a move up toward $3,900 likely as price looks for the next Fib extension to test. Stop-loss orders for trend traders should be placed just below the upper line of the broadening wedge pattern as a return back within that consolidation range would likely lead to more downside pressure on price.
SP:SPXLong
by PrepForProfit
Interesting, if Confusing Picture on Vol - Vix Broadening Wedge 4 Hr VIX looks like a mess, but just drawing trend lines connecting tops and bottoms shows a broadening wedge formation...Doesn't mean the market tanks, but I see why I have been seeing a lot of people going to cash lately. Also of interest, Gold (-7% since last peak) and Bitcoin (-14% so far since last peak) have taken it on the chin as of late, and even "value stocks" have been chipped away at. Stimulus announcement seems to have been a "sell-the-news" event in hindsight. Holding mostly dividend stocks in the form of energy and financials myself so I am not interested in selling and hoping to buy lower later. If this trend continues, we may see some serious discounts on many assets in the near to medium term. Gold very much in danger of falling below trendline support - Very much considering selling my entire position on that ahead of schedule rather than hoping for those magic figures being touted by the precious metals community. I agree that gold should be trading near 2500 or 3000 but the market does not appear to agree with them. Oil has also calmed a bit, but those losses are not as spectacular.
CBOE:VIX
by JJMa
1
AAVEUSD (Waiting for the broadening wedge Breakout)#AAVEUSDT ( 4H chart) Technical Analysis Update Waiting for the Broadening Wedge Breakout AAVE/USDT currently trading at $141.5 Long Entry-level: Above $147 (only enter long after 4 h candle closes above the resistance level at $147) STOP LOSS: I will update once I see the breakout Target 1: $165 Target 2: $180 Max leverage: 3X ALWAYS KEEP STOP LOSS.. Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
Long
by GreenCryptoTrades
9
BTC's price can increase again!Hi every one Bitcoin / U.S. Dollar The BTC/USD chart is now in a broadening wedge and there is also a hidden bullish divergence(+HD) which means the price shall rise again! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . Have a nice day and Good luck.
COINBASE:BTCUSD
by CobraVanguard
12
LTC - Tracking a Broadening Wedge as we approach 2019 HighsBreakout to new highs possible...not seeing this on ETH, in fact triangle in play on that. LTC could see some meaningful gains vs ETH and possibly BTC, but the latter is less likely. Next day might be critical for this move. Seriously thinking about selling some lesser alts for this play...but already have too much LTC percentage-wise to do this, will take profit into ETH and possibly BTC if it plays out. 30 Min Chart.
COINBASE:LTCUSDLong
by JJMa
$NES Daily Breakouts LONGCharting: 1. Broadening Wedge - Respected with elevated volume (Entered position here) 2. Inverse Head & Shoulders - Broken out of neckline 3. Broadening Wedge - Broke out of upper line with volume increasing since bounce off bottom line 4. Wick over wick candle at breakout instilling confidence in move 5. Broadening Wedge - Target = 11-12c 6. Inverse Head & Shoulders - Target = 14-15c Fundamentals: - MC=$10M - Cashed up with drill team on site & rig due this week at the Woodline Project - Hosted in the same geological structural setting as the 7.7 million ounce Tropicana Gold mine - Drilling to be completed: - 1000-1500m by end of Jan - 6000-8000m by mid 2021 - Good steady news flow to come which should see us lead into the above targets - Net Institutional Buying with Net retail selling
ASX:NESLong
by Spade_of_Aces
2
GBP/USD's signals suggest the decrease in priceHello every one British Pound / U.S. Dollar so there is this broadening wedge that has been formed which we can get the signal that the price will reach the top of the broadening wedge and than the price will be dumped to the bottom of the wedge and also we can see a regular bearish divergence(-RD) so these signals suggest that the price will eventually decrease, it is only a matter of time! Traders, if you liked this idea or have your opinion on it, write in the comments ,We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . Have a nice day and Good luck.
by CobraVanguard
4
GBP/USD in broadening wedge!!Hello every one British Pound / U.S. Dollar The price is close to the broadening wedge ceiling, which may fall like the previous times when the price was close to the broadening wedge ceiling. Which shows the {Regular Bearish divergence} this, Price goes down Traders, if you liked this idea or have your opinion on it, write in the comments ,We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast Thank you for seeing idea . Have a nice day and Good luck.
Short
by CobraVanguard
10
SIA to see new highsHere we go once again, a text book right angle broadening wedge. The probability of an upside momentum is high. Do take note of the break out wick at the base of the neck. Going long after this confirmation would be wise. Targets are indicated by the vertical lines. If we hit these targets, I'm keeping an eye on the 1.618 fib level ($0.0139). This level ought to remind everyone about SIA, but it's about the tech :) See My XLM analysis, the same pattern is playing out, at-least should. SO long.
SLong
by BlacksmithShinobi
2
Long $NES Targets = 12c & 15c (Spade of Aces)The story: - No CR required until mid 2021 - Own their own Drill Rig/team = Freedom 2 Drill & low cost - 1000-1500m Due January 2021 - 8000m due mid 2021 - $7m Market Cap - Resource had $12M of prior drilling - Same geological structure as 7.7 million ounce Tropicana Gold mine - Has been flying under the radar and only just being noticed now Technicals: 1. Needs to respect support on broadening wedge – complete 2. Break out of falling triangle – complete 3. Short Term Target: - Break of Broadening wedge = 8-9c - Target = 12c 4. Long term Inverse Head & Shoulders: - Neckline = 8.2c - Target = 15c
ASX:NESLong
by Spade_of_Aces