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Falling Wedge

My 5 potential trades for this weekTrend is long term bullish but currently bearish. We are close to hitting bearish trend line. Falling wedge with recent double bottom. Multiple FVG’s to be filled. All indicative of an impending reversal to initial direction. 1) long @ 1.07884 if $ & downtrend $ is swept 2) long @ 1.07225 if 4h $ & bullish $ is swept 3) long @ 1.08553 if OB & trend line $ is broken using OB as breaker block to be rejected. 4) short @ 1.08553 if OB is rejected 5) short @ 1.09328 if FVG & 4h $ is rejected being mindful of rejection off possible breaker block and bearish trend line for indication of reversal
by SLouise96
Raising EURUSD Profit Target to $1.114 due to a Bullish CypherDue to the apparent formation of a Bullish Cypher on the Daily, combined with the Bullish Push as confirmation on the RSI, and the strong push push in price action above the 200-day SMA, I will be raising my profit target for the EURUSD to the 100% retrace up at $1.114 as the 100% retrace would be the standard target for a Cypher and the TLT has outperformed which is usually a signal for psoitive price action in the EURUSD.
Long
by RizeSenpai
TLT: Falling Wedge Double Bottom at .382 with Bullish DivergenceThe TLT looks like it's trying to form a Double Bottom at the 0.382 Fibonacci Retracement, it is also Bullishly Diverging at this level, if it holds up I think it could go up to as high as $96 near the 200-period Simple Moving Average which would also fill the gap. From there I'd think it could continue back down. I will be selling weekly puts around the lower 90 strike and buying weekly calls at the same level.
NASDAQ:TLTLong
by RizeSenpai
Raising Bullish target on the EURUSD to the 78.6% RetraceLast week I put out this TLT trade setup that showcased a Falling Wedge with Bullish Divergence at the 0.382 retrace which targeted an upside move in the TLT that would recover at least 50% of the high: In the time since this setup first formed the TLT has nearly reached that minimum target. In addition to the TLT, I expected the EURUSD to follow a similar path, however, the EURO has remained mostly flat and has not moved up with the TLT which is kind of unusual. It is possible that the EURUSD pair is waiting for the FOMC but in the meantime the Bullish patterns on the EURUSD have gone from just being an intraday pattern to now being a daily pattern, with the Daily candle now printing a Bullish Hammer above the 200-day SMA while also slightly diverging on the RSI. Due to this improvement on the higher timeframe, I have decided to raise the Bullish price target to the 0.786 retrace, aligning with $1.107 as it catches up with the falling US Bond Yields.
Long
by RizeSenpai
✅GTAI's Situation: What Shall we Expect, can ascend further?Hi every one ➡️ As you can see, GTAI has grown well since its introduction. After the broken of Falling Wedge, started 5 upward wave and successfully completed it, and then started a corrective wave, which it has now completed. Now it's time for it to start its upward wave, and considering that the price is now in an ascending triangle. -Hidden divergence has occurred, this signal can be strong. ➡️ second scenario: If the first scenario failed , we can look at the second scenario. In the second scenario, the price can form a bullish flag, which can have a good growth after breaking the price. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟!
Long
by CobraVanguard
5
The last bullish chance of BITCOIN in Mid term!Hi . As you can see, Bitcoin has reached the ceiling of the ascending channel after passing through 5 ascending waves, and after that the price started its corrective wave and almost reached the PRZ point. I think the past is repeatable and as shown in the AB=CD Chart. After the price reaches the PRZ zone, the price can have a good growth. also a Hidden bullish Divergence (HD+) on MACD which shows Positive Signs for Bitcoin . 🤑 Stay great my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️ like ❤️ and 🌟 follow 🌟! ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️ Previous Analysis
Long
by CobraVanguard
3
Breakout & Re-test of ~5.5 year Falling WedgeBitcoin Cash was in a falling wedge for nearly five and a half years before it broke out of it back in June of 2023. Presently, it is re-testing the top of a dashed-line wedge drawn from wick to wick and has failed to reach the top of the solid wedge drawn from the line chart. Holding above the wedge could lead to an approx 5.25x move against Bitcoin from its current position at 0.0057 to TP 1 at 0.030 and an 11.75x move should it reach TP 2 at 0.067. It's possible we could see a double-bottom with a slightly higher low around 0.0041 or 0.0040 if it re-tests the solid wedge's top over the next weeks or into March or June, before moving up towards targets. Should a wedge re-test and double-bottom occur first, the possibility for already major gains vs. Bitcoin increases to 7.3-7.5x at TP 1 or 16.34-16.75x at TP 2.
Long
by dudebruhwhoa
2
I'm More Bullish Than Bearish On JTO!!JTO is trading in a bullish pattern. The falling wedge has a higher probaability of breaking to the upside. If we get a nice breakout to the upside, I would be looking to target the POC above around $2.90. If we fail this support level, the next level below is around $2.105. there we have major confluence, which is the .886, .382, & Daily level. If that is reached and holds, I would consider entering a long position. We don't know how price will play out so we manage our risk accordingly. i]Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
Long
by Navitility
KAVAUSDT → A break of resistance will give a 60% increaseBINANCE:KAVAUSDT is overcoming trend resistance, which could give a potential rise of several tens of percent in the mid-term Against the backdrop of rising COINBASE:BTCUSD , which is overcoming the key 4-week resistance KAVA and the altcoin market shows good potential. The only nuance is that KAVA is lagging the market and continues to consolidate. An important nuance that will stimulate strong growth is a break of 1.140 resistance. This level is the upper boundary of the 12-measures consolidation. After breaking this resistance, the market will have a potential target of 1.550 and 1.800. But before that we have another resistance - the upper boundary of the wedge. Consolidation of the price above 0.950 will form the potential to buy and hold the trade up to 1.140. Support levels: 0.950, 0.870, 0.770 Resistance levels: 1.025, 1.140 I expect consolidation of the price above 0.954 and growth to 1.140. Further I will wait for the breakthrough of 1.140 and growth to the specified targets. Regards R. Linda!
Long
by RLinda
3