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Falling Wedge

Twilio is consolidatingNYSE:TWLO has a nice bull flag as a falling wedge. If general stock markets continue upward move, then we see a break within a couple of days. Otherwise we may have one another leg down before breaking out. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
NYSE:TWLOLong
by WhaleGambit
2
CVXUSDT → The coin is preparing to break through resistance BINANCE:CVXUSDT against the backdrop of COINBASE:BTCUSD , which has been falling for a long time and finally stopped, is forming a rather interesting consolidation near the wedge resistance. The coin on the chart is testing the bottom at 2.417, after which it forms a decrease in volatility and consolidation, within which the coin is creeping up to the trend resistance.There is a high probability that with a small bitcoin consolidation CVX will break the trend resistance and give a gorgeous bullish impulse. If the accumulated potential is realized, the price could reach the 3.180, 4.235 and 6.400 area quite quickly. The moving averages indicate a bearish trend, the price will have to go quite a long way to retest the SMA. Support levels: 2.417 Resistance levels: wedge resistance, 3.180 The altcoin market is waiting for any bullish reaction in the market, including from bitcoin, which plays an important role in this market. Altcoins react weakly to the fall of the flagship and react strongly to the rise. We expect a breakout of the wedge Regards R. Linda!
Long
by RLinda
6
Bitcoin - Plan for the next 30 days! (This is going to happen) Bitcoin is moving in this huge parallel channel no one talks about, and the price is respecting it pretty well, including the middle trendline! The current price of Bitcoin is around 25900 USD, which is very near its bottom in November 2022 at 16000 USDT. I expect this low to be followed by a huge crash, so make sure you are prepared for it. Bitcoin has been very weak compared to other assets this year. In September, I expect Bitcoin to reach the strong horizontal line at 24820 and potentially take liquidity below it. There are a lot of stop-loss orders from traders, which is a magnet for whales. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. 1 week ago, we had a huge red dildo with a 14% decline. To me, this is an indication that the third wave is in progress in my Elliott Wave count. Wave 5 should go below wave 3 exactly as I have drawn it on the chart! But do not expect any big crashes in the short term. A swing failure pattern (SFP) is something that has a higher probability. Basically, you can buy/long the fifth wave. This is my current plan for Bitcoin for the next 30 days. Of course, this is my main scenario, but I also have an alternate scenario, which I may post next time, but we will see! Let me know in the comment section if you are shorting Bitcoin, but I recommend placing a buy order around 24800 for a quick bounce back to 26800! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
103
Gold has broken the falling wedge!OANDA:XAUUSD broke the falling wedge and nicely retested it as well. It is forming a nice bottom here. 1928 and 1940 should be initial targets. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
OANDA:XAUUSDLong
by WhaleGambit
LCID setting up falling wedge breakout LONGFrom the 1H chart, I have drawn descending and falling trendlines with the resistance falling faster, That is to say I see a falling wedge pattern which might be typically at the bottom of a trend forecasting an upside breakout. LICD made a small move up in the past 3-4 hours of trading. Overall the indicators support the idea of a reversal especially on the dual TF RS indicator with the green lower TF rising over the higher TF black line and above the 50 level. Likewise, the ZL MACD shows a line cross under the histogram which went red to green in a bit of bullish divergence. The ADX oscillator has yet to show much of anything with the lines hovering about the 20 level. Overall, I expect a breakout however I am willing to take a trade now because price is near to the support trenline allowing for a small stop loss and a 6% move to the upper resistance trendline. From there I anticipate a break above the line and continuation. In the bigger picture, TSLA is moving up again and other EV stocks may be simply following the leader. ( SL 6 TP1 6.4 TP2 6.85 TP3 7.4 )
NASDAQ:LCIDLong
by AwesomeAvani
1
💱EURUSD - Price breaks resistance EURUSD is forming a descending price channel for quite a long time. For the last week, a consolidation in the format of a wedge is forming on the chart, which breaks the boundaries of the range TA on the high timeframe: 1) A bounce from 1.08441 support is forming and price is limiting itself to the range 2) The liquidity area where the currency pair may be headed in the medium term is around 1.10500 TA on the low timeframe: 1) The resistance of the wedge coincides with the location of the resistance of the descending channel 2) Price breaks the resistance area of the reversal pattern and exits the range, a retest of 1.09178 is formed 3) As the trend is breaking, price may soon enter the phase of realization of accumulated potential and form a distribution to 1.10475. Key resistance📈: 1.09178 Key support📉: channel line, 1.08744
Long
by Gold-Tech
6
💱EURCAD - Symmetrical triangle before the impulseEURCAD stops near strong resistance and on the background of bullish trend the chart is forming a pattern that can form both upward and downward momentum TA on the high timeframe: 1) Globally, a bullish trend is visible, but before strong resistances the price stops and forms consolidation 2 Consolidation is forming between key liquidity areas TA on the low timeframe: 1) A symmetrical triangle is formed against the background of a bullish trend 2) Positive aspects of this pattern are that it is clear where to open trades (border breakout). 3) But, at the same time, in a bullish trend the price can break the support of the pattern and we will see a correction. 4) It is not important for us which of the borders will be broken, we need to wait for a signal, and it will be a breakout of the border with subsequent consolidation below or above the line. Key support📉: lower triangle boundary, 1.47000. Key resistance📈: upper triangle boundary, 1.47978
Long
by Gold-Tech
6
📌 Potential SELL setup for: CAD/CHF👩🏽‍💻 Technical: The higher time frame bias indicates a clear downtrend. Currently, the 4-hour chart is forming a descending triangle pattern. However, the pattern's lower trend line hasn't been broken yet, a key point as a break may signal a continuation of the downtrend. 🎯 For an ideal entry: To confirm further bearish pressure, watch for the price to break below the pattern’s lower trendline. Ideally, look for a push towards exhaustion in a previous area of sensitivity, then a bearish candle closure to confirm entry. This confirmation is vital to ensure that we are not entering based on a false breakout. 🔑 Key Note: If the lower trend line holds and we do not see a break, we may see incoming strong bullish pressure, especially since the price is currently at an all-time low.
Short
by fxtraderkristina
🥇GOLD → The chart gives a set-up to sell Gold breaks through support and makes a momentum move and updates the global low to 1889. It is likely that the market may continue to fall TA on the high timeframe: 1) The nearest point from which we can expect to buy is 1902.87, a false breakout can be formed but it will take a lot of time TA on the low timeframe: 1) Price breaks the support of the wedge, forming a correction 2) The correction may confirm the bearish market sentiment 3) The decline may continue from 1896.45 4) In the long term, there is a chance that price could fall to 1881. 5) The price needs to strengthen to 1903 to expect a rise Key support📉: 1891, 1881 Key resistance📈: 1896, 1903
OANDA:XAUUSDShort
by Gold-Tech
19
LTC/BTC falling wedge formingLitecoin appears to be forming a falling wedge against bitcoin. Rsi trend has bottomed along with the price action within this wedge. RSI is showing bullish divergence over the last several weeks. Volume has been flat or declining in this wedge, often a reversal signal. This could be as much as a 30% move up to the next resistance area. This is the product of two potential outcomes. 1. BTC declines while LTC remains flat. 2. LTC gains while BTC price remains flat.
Long
by BallsOfSteel32
CADCHF → Downtrend triangle on the background of a bearish trendFX:CADCHF under trend pressure is forming a setup to continue the trend and update the global lows. The currency pair is in the bearish phase. The price continues to decline and test the strong limit support line at 0.64990. A descending triangle pattern is forming on the chart, which can be interpreted as pressure from dynamic sellers on limit buyers at 0.64990. The price is within the descending price channel, a retest of the trend resistance each time sends the price to the indicated support - a strong signal for a breakout Moving averages act as resistance Support levels: 0.64990 Resistance levels: trend boundary, 0.65450 I expect a bounce from resistance, which will lead the price to another retest of support, which may help the price to breakout. Regards R. Linda!
Short
by RLinda
13
Ex of Fair Value Gap and Order BlockThis analysis is taking a Falling Wedge set up on SPY Futures mainly from the Daily timeframe. The recent trend in price in bearish and approaching an area of value for a trade. Awaiting confirmation of a reversal, ideally we would enter this trade. I am also publishing this idea to demonstrate for myself and others how price can interact with the Fair Value Gap areas and Order Block areas. Also don't hesitate to comment with your opinions on where my FVG and Order Block areas are! Thank you!
CME_MINI:ES1!Long
by EaszzzyE
Syta trend predictionSyta a Canadian cellular telecom company has had a lot of success in Saudi Arabia with their push to talk over cellular. Emergency Services Teams (Ambulance, Fire, Police, Security, etc) Love this! Syta reverse split 1-100, from 4 cents to 4 dolla last week and has been in accumulation phase since the split. The chart shows us a falling wedge pattern and a break out is near. Over the next few days we may break resistance @4.61 and @4.81 or maybe today! We were halted this morning , and when we came out of halt we opened @5.00 and fell a few cents and we are re testing the resistance at 4.61. Hopefully we can see price rise to the next resistance//support at 7.50 and 8.00 dolla! Very low float at 1.68 million and no dilution! so we may actually see alot higher price rise in a very short time. *not financial advice *beginner trader *learning as we go Thanks again :)
NASDAQ:SYTALong
by SpikeDumont
🥇GOLD - Can the market turn around? Or will it keep falling? Gold against the background of a bearish trend is forming a setup that could reverse the price direction. The bearish trend, with a small degree of probability can stop TA on the high timeframe: 1) Price forms a retest of 1902.87 after a month and a half. The price will not break the level from the first time, most likely a rebound may be formed 2) A sideways range may be formed when a rebound from support is formed. TA on the low timeframe: 1) A bearish channel is forming. 2) A descending wedge is formed against the background of the bearish channel. A retest of the figure support may push the price upwards 3) A retest of the figure's resistance may well break the local line and the price may form a surge to 1914 or 1930. Key support📉: 1902 Key resistance📈: downtrend line and 1914
OANDA:XAUUSD
by Gold-Tech
11
🥇GOLD - The price is getting ready to drop. False breakout Gold is testing trend resistance again, Price is forming a strong consolidation and there is a noticeable lull in the market, most likely before the storm TA on the high Timeframe: 1) Local support is forming at 1912, and consolidation near the level 2) There is still a potential for a decline to 1902. TA on the low timeframe: 1) Price is forming a bounce from trend resistance after a false breakdown 2) If the price can break the support of 1912, 1910 then it will head down to 1900. 3) The trend is bearish and I expect the price to decline in priority. Key resistance📈: 1915 Key support📉: 1912, 1910
OANDA:XAUUSDShort
by Gold-Tech
13