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Descending Broadening Wedge

Dollar Index is perking up at historical congestion/support areaCurrently at an area where price congested and broke higher to start a 23-month bull run in 2018-19. LTF is showing a possible bottom with the formation of a higher high and a breakout from this descending wedge pattern. Likely to see some kind of trading range before any decisive bullish breakout/reversal but today's candle is pretty bullish and the bulls would be looking to close the day strong. Context is okay for reversal here so we shall see. A bearish break below 89 invalidates this view. Weekly chart:
TVC:DXY
by thedailychartist
1
ASGN: Long term outlookTL;DR- ASGN is a great investment. As some of you have noticed, I hold my largest and most long term position in ASGN. It's had great growth overall, but has recently showed greater bullish indicators and may be pulling out of this corrective phase for another bull run. It appears the $79 mark has flipped from strong resistance to strong support. Also the ascending resistance line has flipped to ascending support. Confirmed breakout of a descending broadening wedge, followed by retest of the line, followed by continued upward movement has shown to be a very bullish display. My rough projection is that by around September of 2023, we will break $130 and possibly the 1.168 FIB at $134+. If this trend comes true, it will effectively increase my investments from 2017 by approximately 115%. Though you should never put your eggs in one basket, and always remember that this is still gambling at the end of the day, the rewards can be worth the risk. To eliminate risk, I am now in a position to set a stop loss that would close my investment at 25% profit, set at a position that would only be triggered by a catastrophic or black swan event with the company. I can do this or put it in a savings account for 0.03% return a year. Do the math.
NYSE:ASGNLong
by infbp22
BTC/USDT 1 Hour Short term Bearish-Long term BullishThis idea shows a 30 minute descending triangle inside a 1 hour descending broadening wedge. The descending triangle is the catalyst that moves the price action down to do its second bounce inside the broadening wedge. To validate this we want to see the price action continue to be rejected and head to the bottom of the descending triangle, break to the downside finding support at the bottom of the broadening wedge. If this plays out it we will see some very bullish movement. With a possible trend reversal coming in on Bitcoin Dominance this could be where Bitcoin really makes some impressive price movement. I have included a link to my Bitcoin Dominance 6 Hour chart which shows a set of three descending scallops which what I see coming is a set of ascending scallops which would translate into huge pumps on Bitcoin with rounded bottoms allowing the altcoins to breathe which is a win for everyone. If agree throw me a like and follow for more in depth analysis ideas and concepts as they develop. Thank you for your support
by The_New_Disciple
VETUSD bottom is near or bottom is here? Looking at the daily chart, yesterday was a retracement of a strong rally that started November 4 and right now a second leg up may be forming. Will this be just another 2-legged rally before another leg lower or is this a rally that will start a bigger rally to re-test the ATH? As always, we shall see but depending on how today's bar closes, we could see another attempt at 0.012 and maybe higher. To achieve that we need a daily/weekly close above that descending resistance trendline marking a potential wedge bottom structure.
by thedailychartist
GBPJPY, 2hr tf, descending broadening wedge breakoutHello my friends, Another trade ideas for currency pair with JPY in it. This time is GBPJPY. Previously i posted about selling this pair on the rejection of EMA-50 at 1hr timeframe. Unfortunately, I got my stop loss hit and booked -40 pips loss. After analyzing it once again, i found that price actualy making a broadening wedge pattern on 2hr timeframe and it already broken above it. This is currently a retest of broken resistance and it is offering a nice RR ratio in my opinion right now. Buy GBPJPY 139.10 Stop loss 138.50 Take profit 1 @139.80 Take profit 2 @140.50 RR ratio is 1 : 2.3 Use proper risk management Risk only 1-2% of equity Good Luck
Long
by HayatoDragonFX
BTC forming an Inverted Head and Shoulder or Broadening wedgeBullish: I'm seeing a potential Inverted Head and Shoulders pattern with a target between 12400-12550 (depends on where it breaks if it breaks) Bearish: There is also a descending broadening wedge which could playout with a target between 11300-11500 (depends on where it breaks if it breaks) You should definitely wait for a breakout before taking these trades! Bitcoin Trading Club is created to share valuable trading ideas, charts and to support each other with our trades (Not Financial Advice).
BYBIT:BTCUSD.P
by BitcoinTradingClub
1