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Broadening Wedge

AAPL - Sign and ConfirmationThe long upper wick of the candle is a sign of price rejection. The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the upward trend is done. And also, if you draw a line, you can see that there is a Bearish Broadening Wedge forming.
NASDAQ:AAPLShort
by Damako
Potential Broadening wedge formation on DOTUSDLong term buy & hold on polkadot for me, so this is merely a snapshot of where the asset is now in relation to USD or BUSD as the chart I'm using. Price can still go lower, and at this point, I'm deploying a small amount of BTC on dips, rather than USD as my USD is being used for other projects currently. Also staking, and compounding. If you zoom out on this one, there is an inverse head and shoulders which points to much higher prices from here, but that is not guaranteed and it can go lower, so the amount of BTC I deploy from here on, will be paltry amounts that add up over time. The broadening wedge is potentially forming, so that's only potentially bullish, and it can also be interpreted as a bear flag in formation, hence the caution. Would probably be looking for a test of 34/35 USD for more confirmation.
DLong
by JJMa
FTM's Bullish Prediction & The TargetHi every one FANTOM / TETHERUS FTM is in a Broadening Wedge pattern. As You might know The Price will range in this Pattern as long as a Break out happens! The Price has touched the Pattern multiple times & now Is at the Bottom of this pattern. we Expect the Pattern to start a Bullish movement soon toward the top of this pattern. There is also a Hidden Bullish Divergence (+HD) Visible on MACD which Increase the Odds Of reaching the Top of this pattern. The Next target is 5$. Summery: -FTM is in a Broadening Wedge -(+HD) on MACD -Target at 5$. 💎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
19
SNAP Broadening Formation BreakoutHere we see a right angle broadening formation, with the accumulation line on the bottom. What appears to be an island reversal pattern appeared in the daily chart, marked by the yellow rectangle, which is typical of congestion patterns like this. Broadening formations are typical of late stage bull markets and are accompanied by irregular volume throughout. A majority of broadening formations carry bearish implications, and a breakout occured today in SNAP, although not by the generally "safe" 3% margin. I would expect a throwback, but the pattern implies a -65% move to the downside to 17.5, although not necessarily soon.
NYSE:SNAPShort
by BarnardR
2
Descending Broadening Wedge for TNY?!?!?37c in the next 3-6 months. Possible decline to 6.5c before a reversal. Bullish cross on the KST! Tinley's trading in a descending broadening wedge. With the Descending Broadening Wedge formation, we are looking for two touches to each trendline. Both the upper and lower trendlines should fall. The lower trend line should fall more steeply than the upper trendline thus forming the broadening wedge. Tall and wide patterns work better than short and narrow patterns. Descending Broadening Wedges tend to breakout upwards. Swing traders can trade the pattern from top to bottom and from bottom to top. After the trendlines are formed, as soon as the price touches the upper trendline go short. Cover this short (exit the trade) when the price reaches the lower trendline. As price touches the lower trendline go long (buy). Place your stop below the lower trendline. Trade price upwards to the upper trendline. Exit this trade here. When price breaks the upper trendline and closes above it this signals a breakout. Go long (buy) here. The target is the first (highest) high in the pattern. Which is around 37c CAD for TNY.
CSE:TNYLong
by ScotianBot