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Converging

Falling Wedge- Bullish - UpdateABNB starting to catch my eye here- Big falling wedge on the hourly, 2-hour, 4-hour, and daily timeframes in addition to sitting right on its 200-Day EMA. Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on the meantime- Previous Charts Attached Below - Bullish Cypher formed on the hourly timeframe (See Attached Chart Below) - Sitting right on the 200-day EMA - EMA's converging & starting to curl upwards - Bullish Falling Wedge - MACD cross - Slight bullish hidden divergence on the RSI (Not Pictured) PT1- $173.21 PT2- $174.46 PT3- $175.11 PT4- $180.64 --ABNB Hourly-- --Previously Charted--
NASDAQ:ABNBLong
by jacobosiason7
Falling Wedge- BullishBig falling wedge here on GPS- Will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime - Bullish - EMA's Converging- Closed on Friday reclaiming the 50-day EMA - Hidden Divergence (Bullish) on the RSI - Bullish Bat Harmonic Pattern Formed (Not Pictured) - Buyer volume picking up relative to seller volume PT1- $26.65 PT2- $27.04 PT3- $28.00 PT4- $28.67
GLong
by jacobosiason7
Wave Y of e of bullish converging triangle...Working wave y of e down. Elliot wave common relationship of corrective 3 wave form: Wave Y reaches equality with wave W at 1687 so 1687 is my first projected endpoint of wave e. Another common relationship of converging triangles is wave e = .618 x wave c. That endpoint projection would be 1680 which is also on a/c trendline. So atm I'm waiting for price to get between 1687 and 1680 before looking to get long. I will look to RSI on hourly chart to see if I get some possible bullish convergence to help confirm wave e termination. Good luck and better discipline today.
FOREXCOM:XAUUSD
by Lunatikfringe
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