Fundamental Outlook: There’s no beating around the bush - the fundamental outlook for soybeans is bearish. Global ending stocks are now at all time highs per the last WASDE report, and export demand for U.S. soybeans has slowed considerably - currently down around 19% year-over-year. As South American harvest progresses, the outlook of the Brazilian soybean...
Descending wedge paired up with descending volume. Looks like we could break out tomorrow or Friday with a resistance of .74 and if broken a bullish continuation.
Understanding the Descending Channel Pattern: The descending channel pattern is a price pattern that forms on a chart over an extended period. It consists of two parallel trendlines: an upper trendline that connects the lower highs and a lower trendline that connects the lower lows. These trendlines create a descending channel that slopes downward. Key...
Descending Wedge Pattern We have 2 targets in mind, 1,6335$ (tp1 %21), 1,9575$ (tp2 %45) This analysis is for mid-term buying. This is not financial advice ( DYOR ) Good luck
#dogecoin #doge $doge #dogetothemoon A short term descending wedge has formed, with the lower timeframe RSI's reset, down and away from the local POC. The bottom of this wedge has hit the immediate 0.618 fib level, however that more "macro" 0.618 level has yet to be reached. Coincidentally, the measured move of an invalidation would, in fact, take price down to...
Currently, the price of FTMUSDT is attempting to break out of a descending channel after a clear retest of the 0.5 Fibonacci level. A descending channel is a technical pattern in which the price of an asset moves downwards between two parallel trend lines. The upper trend line acts as a resistance level, while the lower trend line acts as a support level. The...
A falling wedge pattern seems to be forming the daily chart. Waiting for confirmation for entry.
APT is breaking out of its descending wedge, two daily level targets to hit if breakout continues. NFA & DYOR - Thanks! 🤑
Descending wedge with conservative 50% target of 42k max over performing target of 70k.... You've been informed. Did you really think that 39k gap would just sit there? And likewise we can retace after for 20k gap but I doubt it. 200 days accumulation at 80% retrace from ATH. RISK IS BACK!
Etherium looks like it is finally waking up and ready for an attempt at a bull run. Breakout from the top of a Descending Wedge is bullish.
During my trading journey I have learn that when the price gets back inside of the pattern, after a Fake Breakout then there is a high probability that there will be a breakout on the other side of the pattern. And for that reason I'm log with this pair. On weekly we can see that the price is coming back inside of descending channel - bullish pattern.
Sell Signal on FOREXCOM:GBPUSD Short Biased Points: LLs and LHs Descending wedge pattern breakout to the downside DXY also bouncing from its support Best of luck! Your feedback would be appreciated.
the chart looks 1:1 to ftt chart also weekly rsi bearish
Quick BTC/USD 1D chart update. A range of $12K to bottom $9K price target for BTC/USD is still in play. $9K will probably be hit with just a quick wick downwards from $12K. V Calculation (Negative) V= B-(C-B) = D C $25,160 - B $17,538 = $7,622 B $17,538 - (C-B) $7,622 = $9,916 Note that the above calculation is from the 1M Chart but i have added it onto...
In the following charts below, we will highlight why copper looks interesting to us right now. Firstly, the Copper Outright prices (orange) vs the Calendar spread (black). Copper calendar spread tend to move in-line with its outright prices, until major turning points, when the calendar spread leads the outright price movement. In February 2022, we observed the...
BTC/USD 1M Chart: This is the 4th Descending Wedge Pattern that BTC has been in on the weekly and this 1 month chart. Note that BTC broken downwards on 2 of its Descending Wedge Patterns before continuing upwards. Things we have to take into consideration 1: We are already in a world wide recession! 2: The FED is about to start Quantitative Tightening which may...
Dominance is about to break the wedge. There is also a bullish divergence in the DMI indicator signaling an upward reversal.
I like the look at FCEL here. It appears to have broken out of a descending wedge, retested the wedge trendline and appears primed to pump. It's also sat nicely on top of the 100MA which should provide support. For this reason, I'm long here with a tight stop at $3.90. I have a crazy-high target of $49 based on the falling wedge breakout, but in reality would...