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Broadening Wedge

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
FLong
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.
TLong
by ScotianBot
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
NYSE:FLong
by OccamsPhazer
4
odds of reaching The ATH for DOT is High!Hi every one DOT / TETHERUS DOT Is now ranging in a Broadening wedge pattern! this means the Price can range in this pattern Until a Break out happens! So now DOT has touched the bottom of this pattern recently and now we expect the Price to Reach the Top of this pattern from this point. another sign that Gives a chance to this Prediction is that there is a Cross Between MACD & Signal Line! The MACD line has just Crossed the Signal Line Upwardly, This is of course a Good Bullish Sign. If the Bullish Trend would continue for DOT,we can expect to see DOT at It's ATH which is around 48$. Summery: -DOT is in a Broadening wedge pattern. -High chance of reaching the Top of this pattern! -Bullish Cross on MACD! -Odds of reaching the ATH is High! (48$) 💎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
22
BTCUSD -H1_ 60'000 FILLED ... POTENTIAL REVERSAL !!!Today, we are going to look carefully at the price action seen on the hourly chart which is showing that the BTCUSD has briefly reached the important psychological resistance level of 60'000. More important is to analyse the recent and current price action !!! Indeed, the top of the ongoing uptrend channel has once again been briefly broken on the upside, which trigger a first warning reversal signal shooting star -doji ! Therefore, price action over the coming hours will be crucial for the short term future. Indeed, a failure to clearly break and hold above 60'000 would add further selling pressure, calling for further downside towards 58'500 first (cluster support) ahead of 58'000 (MBB) and leading indicator. UPSIDE : The highest weekly closing level seen so far is 59'980 which corroborate perfectly my analysis which tell me that a weekly closing level above 60'000 would be very positive and would confirm further upside towards previous ATH over the coming week. Do you like my analysis ? Please do not forget to like it and to follow me as well. "Alone you go faster and together we go further" :-) Have a nice day and all the best Take care Ironman8848
GEMINI:BTCUSDShort
by Ironman8848
POSSIBLE USOIL 1HR DISTRIBUTION!Hello my beauties. I think UsOil is showing signs of distribution on a 1hr timeframe. This would align with the bias that a completion of the bearish broadening wedge is to happen soon. I will sell on successful retest of the red trading range. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
TVC:USOILShort
by TrickleDownFX