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Broadening Wedge

AUDNZD Updated Analysis!Previously I already wrote a little about this pair. You can see it in the related link below. Until now there have been no signs of reversal. The existing pattern forms a broadening bottom, a pattern of continuing trend. The key point lies in the support line, if the line is broken then it has the potential to test the next support. But if it fails, and shows signs of reversal, the next move has the potential to be form higher-high in the broadening pattern. Examples of reversal signs: Bullish Engulfing, Pinbar with long lower tail, Hammer etc .
by daltray
2
Bullish consolidation pattern - needs confirmation!Apart from all the FUD these days in the crypto space on the daily timeframe the forming chart pattern could be identified as a broadening wedge pattern which is more likely to be resolved to the upside in this case. This demands of course that the current low is the final low in this pattern and therefor the 200 day SMA holds the price action (currently it looks like it does). So in the next days/week we could see a rebound at least to the upper line marking this broadening wedge. If the touch of the upper line of this wedge is happening BUT the BTC price doesn't manage to break out of this pattern we are more likely to make a next lower low before breaking out of this chart pattern.
BITSTAMP:BTCUSD
by p4917
1
Silver braking out As mentioned on previous study we are completing that reverse head and shoulders bottom , The top of the shoulders along with the neckline form a right angled broadening wedge that we are trying to break out at the moment If price accepts these levels I am expecting that measure move marked on chart to take place, If not then a consolidation back to the trend line at 17.8 - 17.9 before we retest and finally break to the upside is likely to happen as it 's a common pattern on right angled broadening wedges like the one we are trying to break out from They are plenty of bullish signals on Silver on the 1H, 4H , Daily and weekly time frames , nothing can be certain when dealing with markets but signals are strongly in favor with the bulls right now.
TVC:SILVERLong
by django2
BitcoinSymmetrical Triangle, Falling Wedge, Broadening Triangle, Fibonacci levels- Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
BITSTAMP:BTCUSD
by CryptoTrend-Alerts
11
Ethereum gaining altcoin dominance?Hello All, So far, as we have seen this current market, Ethereum--previously a strong performer-- has been under performing, however, it has a strong pattern here with the chance of a classic failure swing, as the second bottom could not approach the original bottom as closely. This failure swing is denoted by the yellow strokes on the chart. There is a broadening wedge which I have been following for several months, and so far, following this pattern has been very fruitful. But, now the price action appears to be consolidating just above an important support and one of the strongest resistance trendlines for Ethereum since the move to 360. The price objective of this broadening wedge is approximately 250 which would place ETH just above a strong resistance region. We are looking for strong movements above the resistance trendline which is in magenta or purple, after there maybe a retest of the breakout, otherwise, I believe price will power through to close to 250 with very little consolidation opportunities. Currently, there is a small flag just under the resistance, and 179 is a strong support region; there is an extremely low probability for ETH to fail this breakout, and if it does, there is a great opportunity for good risk management. Also, giving me a like and a follow will help motivate me to post more! Best of luck and Stay Technical! Previous Analysis:
COINBASE:ETHUSD
by CuddlyCuddles
Tron TRX update. Trade as you see fit. Broadening Wedge?Hi all, A quick update on TRXBTC. I see this playing out, really good for quick scalp trades, which I will be doing. I do have longs open from a previous post a while back, that caught trx in the buy in range perfectly. Also, just had a test on the falling wedge, though I would have liked to see more buy volume since this was practically non existant. Furthermore, use larger timeframes and plot key trend lines, volume and basic TA. Im not here to say when to long, short or how much leverage to use. If you're on here, you should know. Trade safe, and always keep an eye on BTC. A small fish in the ocean is all I need The Gatekeeper
by The_Gatekeeper_
MUST SEE!!! 4 BULLISH Patterns at the Same Time!!!Hi friends, please smash the Like button! This is an update to my last BTC post on December 22 of my early prediction of an Inverse Head and Shoulder forming, long before it became the pattern everyone is charting and making YouTube videos of today. Needless to say, the right shoulder has formed! Not only that, but we also now have an ascending triangle, and a broadening wedge. All of this inside a descending channel! That is four bullish patterns at one time: Inverse Head & Shoulders Ascending Triangle Broadening Wedge Descending Channel We still need confirmation with successful breakouts of resistance lines, but, based on these bullish patterns nearing their confirmation lines, I am long, with a current target at $8500. Thank you! *** I AM NOT A FINANCIAL ADVISER. THIS IS NOT FINANCIAL ADVICE. FOR ALL YOU KNOW, I COULD BE A MANIAC IN A PUBLIC LIBRARY MAKING CRAZY TALK! AS ALWAYS, DO NOT BLINDLY FOLLOW PEOPLE. AND, ALWAYS, DO. YOUR. OWN. RESEARCH.***
BITSTAMP:BTCUSDLong
by UnknownUnicorn2239932
11
BURL, Burlington Stores Inc. - Stop Loss on Broadening TriangleNYSE:BURL It is never a question of being right or wrong, but rather of being too early and being thrown out of the market before the asset's actual direction. What we need is an event that allows us to systematically decide to enter Long or Short, in our case the patterns of technical analysis. We are trend-followers and we gain from price movement, so we could call ourselves "Price Change Traders". In this case the price had triggered our Stop Loss. Stay Tuned!
NYSE:BURLEducation
by SwissTradingSchool
1
CBS - At The Bottom of 5 Year Broadening Formation Very large broadening formation formed on the monthly dating back to 2013. Current R:R ratio with a stop under the previous month low and a reward to the top of the broadening formation is 9:1. Smart move would be to wait until previous month high is breached and get a confirmation close 3day at least and gauge risk from there. But something tells me that a strong gap up won't give you that opportunity. The risk of taking a small starter position here with strong closes is worth a look. Beware: earnings next week...
CLong
by NicAdams
2
What is an ascending broadening wedge? (Educational, Example) An ascending broadening wedge is a bearish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line. Each of these lines must have been touched at least twice to validate the pattern. NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times. This implies that the ascending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times). An ascending broadening wedge does not mark the exhaustion of the buying current, but the sellers’ ambition to take control. The divergence of the two lines in the same direction (increase in price magnitude) informs us that the price continues to increase with movements that are increasingly high in magnitude. The buyers manage to make the price rebound on the support line but lose control after the formation of a new highest point. The lowest point reached during the first correction on the ascending broadening wedge’s support line forms the support. A second wave of increase then occurs with more magnitude, signalling the loss of buyers' control after a new highest point. A third wave is formed afterwards but buyers lose control again after the formation of new highest points. During the formation of an ascending broadening wedge, volumes do not behave in any particular way but they increase strongly when the support line breaks.
Education
by UnknownUnicorn3442968
6