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Falling Wedge

USDCAD → Realization of a symmetric triangle on W1FX:USDCAD on W1 demonstrates exiting a symmetrical triangle downwards. A correction or rebound from downtrend support is forming. What to expect from the price in the near term? The price forms a bearish price channel and after another retest of the trend support the currency pair forms a rebound to the resistance area 1.32697-1.33171. There is a high probability that the price will not break this area and after consolidation and a break of the limit support level 1.32400 will continue its fall to 1.31214. The market is controlled by the bears, the medium-term potential is 1.28000 The 200-hour moving average acts as resistance and supports the upper boundary of the channel; the 50-hour is support, but probably not for long. Resistance levels: 1.32697, 1.33171, MA-200 Support levels: 1.32400, MA-50 I expect the fall from the resistance area will continue. Realization of the global pattern, which is able to send the price to 1.28000, is forming. Regards R.Linda!
Short
by RLinda
17
$LCID Wedge Setup - Potential Breakout Ahead! 📉📈Hello traders! 🌟📊 I want to bring your attention to an interesting technical pattern I've spotted on $LCID. It appears to be forming a wedge pattern, suggesting a potential breakout opportunity. Let's take a closer look at the details! 💡📉📈 🔍 Symbol: NASDAQ:LCID 📅 Timeframe: Weekly 📌 Wedge Formation: NASDAQ:LCID has been consolidating within a narrowing range, forming a wedge pattern. This pattern is characterized by converging trend lines, with the upper trend line sloping downward and the lower trend line sloping upward. The tightening price action indicates diminishing volatility, typically preceding a significant breakout move. 📈 Breakout Confirmation: To validate the wedge pattern, we'll need to see a clear breakout above the upper trend line. This breakout should ideally be accompanied by an increase in volume, indicating strong buying interest. Keep a close eye on as a potential breakout point. A decisive move above this level could signal a bullish breakout. 🎯 Price Targets: If the breakout occurs, we can project potential price targets based on the height of the wedge pattern. Measure the distance from the starting point of the wedge to the upper trend line and add it to the breakout level. Consider as potential price objectives to keep an eye on. ⚠️ Risk Management: Remember to implement appropriate risk management strategies. Placing a stop-loss order below the lower trend line or at a level that aligns with your risk tolerance can help protect your capital in case the breakout fails and price reverses. As always, conduct thorough research and consider additional factors such as market conditions, news events, and overall trend analysis before making any trading decisions. 📊 Hashtags: #LCID #WedgePattern #BreakoutOpportunity #TechnicalAnalysis #TradingView Please note that this analysis is based on technical analysis principles and should be used as a starting point for your own research. Market conditions can change rapidly, so stay vigilant and adapt your trading strategy accordingly. Happy trading! 🚀💰 Disclaimer: This content is not financial advice. Trading carries risks, and it's important to only trade with funds you can afford to lose. Seek advice from a qualified financial professional before making any investment decisions.
NASDAQ:LCIDLong
by STP_MrNodeItAll
5
The Bullish Case for Bitcoin! A Comprehensive Analysis!!!Chart is speaking it self!!! 🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) and also (ABC) wave. The possibility of starting a impulse 5th waves!!! ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the price now is making a pullback to the bottom of the descending triangle (which is shown in the picture) if the price breaks that important level we shall see a lot of increase in the price! ➡️A inverse head and shoulders pattern means a great bullish trend on the horizon (AB=CD). ➡️also Broadening Wedge it is another bullish sign. 🌟 Bullish signals are: -Head&Shoulder. -Broadening Wedge. - falling Wegde. -This is Longterm Analysis!!! ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⏮️Previous Analysis:
BITSTAMP:BTCUSDLong
by CobraVanguard
7
The Bullish Case for Bitcoin! A Comprehensive AnalysisIf price manage to break the falling Wedge . the price can easily reach the target after a little correction. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot yearly - Bullish Channel - falling Wegde - bollinger band - 5th Waves ⭐ and the bullish signals of market momentum are: - Regular divergence in MACD ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
COINBASE:BTCUSDLong
by CobraVanguard
34
USD/CHF many reasons to increaseHi every one U.S. DOLLAR / SWISS FRANC chart is speaking it self!! the USD/CHF has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) and now It must begin the ABC correction wave! there is also a falling wedge pattern which means that the price would increase and the price has already broken the pattern! the price now is making a pull back to the descending triangle (which is shown in the picture) if the price breaks that triangle we shall see a lot of increase in the price! and also there is a regular bullish divergence as well (+RD) which means the price would increase! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
19
GOLD → Price is testing 1912 support for a breakout OANDA:XAUUSD is preparing for further declines. Bears on the basis of negative fundamentals are not going to give up. Another retest of support is forming, which increases the probability of further downside Closing of the daily candlestick on Tuesday is very close to the indicated level of 1912.5. The retest is formed - the market checks the support area. Price starts to consolidate below the local bearish resistance and near the level of 1912.5. Based on the technical analysis we see a very high probability to break through the support (a deep false breakout is possible). But we consider support at 1895 as a medium-term target. But again, if today's news affect the gold prices and if the resistance is broken through, we might see an increase to the upper boundary of the range. The moving averages are pointing to a global stop and an attempt to change the bullish trend. Support levels: 1912.5, 1895.5 Resistance levels: 1917, 1920. The retest gives a strong signal. For this reason, on the background of the falling market, I expect a breakout of the key support with a further decline to 1895. Regards to R. Linda!
OANDA:XAUUSDShort
by RLinda
26
EURGBP → Formation of a pre-breakout consolidationFX:EURGBP a week earlier forms a break of the resistance of the descending price channel. A consolidation of 0.86000-0.85400 is forming. We see consolidation at the resistance. What to expect from the price? Most likely, the price will continue to test resistance 0.86067. Pre-break consolidation is forming, which can be interpreted as another attempt of price exit from the range, followed by the strengthening of the currency pair. Moving averages are beginning to narrow and if the conditions are favorable, they may soon form a signal that confirms the intention of the market to change the trend. A breakout at 0.8606767 will send the price to 0.86722, but if the breakout does not happen, correction to the trend support will be formed. Resistance levels: 0.86067, 0.86345, 0.86722 Support levels: 0.85725, trend support The market is showing good dynamics and consolidation confirms the intention of the buyers. I am waiting for breakthrough of resistance with the subsequent growth. Regards R. Linda!
Long
by RLinda
18
ETHUSD → implementation of distribution. Target 2300BITSTAMP:ETHUSD has been showing a swell in the last few days. The price is out of the key range. The bullish set-up is working 100% and price is breaking resistance. What to expect from ethereum next? For a long time, the coin formed a wedge pattern, which ended with the price forming a rally after a false break of global trend support and the SMA-200 and breaking not only the wedge resistance, but the trend line and the 1846.5 level. A consolidation above this support area will consolidate the bulls' position and continue to shape the move. Within the price channel, we have an implied target - the resistance area of 2300. Most likely, in the medium term, we should expect growth towards this mark. Support levels: rising support line, previously broken wedge boundary, 1846.5 level Resistance levels: 1920, 2021 Consolidation lasted about 45 days, the distributive phase after consolidation may last for 15 days. I expect that in the mid-term we might see a breakthrough of the local resistances and strengthening of the price to 2300 Regards to R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
16
Bitcoin - Profit target for the next bull run + 32% crash soon! Of course, I am still bearish on Bitcoin, and we are going to hit 20,500 or 17,000 this year. But before it happens, we can go as high as 33,000 because there is a lot of liquidity to be taken. I started to be bearish around 30k a few months ago, and nothing changed in my outlook. But I think 6k and 10k are not possible anymore because Bitcoin proved its strength and the uptrend transformed from a corrective wave into an impulse wave, which is definitely something we cannot ignore in our next trades. A 32% or 40% crash later this year, most likely in September or October, is very possible, and I am expecting this scenario to happen. I prefer a bearish scenario over a bullish one this year, and I do not see any crazy pumps to 35k, 40k, or even higher. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! Now the question is, How far can Bitcoin go in the next bullish cycle? My technical analysis shows around 100,000 USD. We have a huge ascending parallel channel on the LOG weekly scale that you can see on this chart. It has already had five touches, and it started in 2017. What's more, if we take the Fibonacci extension from the start of the previous bull market to the end of the previous bull market and to the end of the previous bear market, the 0.618 FIB extension is right at 104,000 USD. Seriously, please do not expect Bitcoin to hit 300k or 1 million in the next few years; the market cap would be insane if this happened. In the short term, I am pretty neutral because Bitcoin could reach 33K or also start a big crash. At this point, we need more confirmation, so I prefer to trade altcoins at this moment and wait for BTC. I trade over 200 futures pairs, and I have a lot of opportunities everywhere. 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. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
180
GOLD → Symmetrical triangle on a falling trend OANDA:XAUUSD continues to form a sideways range of 1938 - 1912. But if you look closely, we see a symmetrical triangle on the downtrend. What can happen to the price? The triangle can affect price both bearishly and bullishly. If sellers hold resistance, price will move to the lower boundary of the pattern - the chance of further declines will increase. But if the price breaks the resistance of the triangle, it will go to 1938, the chance that the price will break 1938 is not high enough. We have a strong bearish trend and resistance levels play a key role. In the medium term I expect price to fall to 1912-1900. Resistance levels: upper limit of triangle, 1933, SMA200, 1938 Support levels: 1928, 1922, lower boundary of the triangle I expect a resistance retest, but since the bears are quite strong at the moment and the fundamentals are not so good, I expect a fall to 1912 - 1900 Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
24
NEARUSDT → Double bottom and range breaking BINANCE:NEARUSDT forms several key setups which are quite strong prerequisites for further growth. What to expect from the price? A double bottom is forming at the level of 1.229. The formation period is 7 months. Price is accumulating a huge amount of energy during this period while a range (consolidation) of 1.229-2.596 is forming. At the same time the price breaks the resistance of the descending wedge. In that case, if the bulls hold their positions above the previously broken line, we will see a rise to the upper boundary of the range in the medium term. A breakout of 2.596 will take the price to 3.361. The moving averages are still as resistance, but MA-50 has been tested and may be broken soon. Support levels: the previously broken range boundary, the level of 1.229 Resistance levels: MA-50, 1.800, MA-200 I expect predictable reaction from the bulls. A consolidation above the previously broken line will form an entry point to long positions, and after that I will wait for an increase to resistances. Regards R.Linda!
Long
by RLinda
14
GOLD → Consolidation is formed after a trend breakThe market stops OANDA:XAUUSD fall at the local support level of 1912. On Friday, we saw a redemption of the fall, but the price could not overcome the resistance. The retest sent the price down. There is a sideways formation of the range between 1938 and 1912. The price might test one of the key resistances, but there is not much of a potential for the buyers at the moment. Yesterday we analyzed the situation in the high D1 time frame and mentioned that the price broke the uptrend, and if the gold crosses below 1910, it will move under the red zone. The MA50 acts as a local support and the MA-200 keeps pushing the price as resistance. Most likely high volatility may not happen and the price will stay in the above range for some time. Support levels: 1924, MA-50 1918, 1912 Resistance levels: 1928, 1938, MA-200 I expect continuation of the consolidation formation, but in the medium term I expect a fall from the resistance, a possible retest of the support of 1912 and further fall after a breakthrough. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
27
CADCHF → Formation of a pre-breakout consolidationFX:CADCHF is preparing for the continuation of the uptrend. The price within the ascending price channel is forming a consolidation against the resistance 0.68220. What to expect from the price? The chart clearly shows a bullish trend. The market is interested in the resistance at 0.68220, which the sellers are defending so strongly. If the price breaks through that area, it might continue rising, and the CHF-CAD will continue going down. The moving averages show that the market is ready to exit the consolidation. At the same time, the indicator acts as support. The nearest target, which the price can strive for, is the resistance at 0.69312 level. Support levels: SMA-50, trend support, 0.67194 Resistance levels: 0.68030, 0.68220 I expect the consolidation aimed at breaking the resistance will break the level in the nearest future. After the breakdown of the level I will be waiting for the strengthening of the currency pair to the upper boundary of the trend. Regards, R.Linda!
Long
by RLinda
19
$C98 Unveiling the Potential Falling Wedge Pattern! 📉💥FWB:C98 has caught our attention with the emergence of a potential falling wedge pattern. This pattern is characterized by converging trendlines forming a narrowing price range. It suggests a potential bullish reversal and presents an intriguing trading opportunity for savvy traders. 🚀📈 As the price consolidates within the falling wedge, it sets the stage for a potential breakout to the upside. Traders can watch for a decisive move above the upper trendline as a signal of bullish momentum. This pattern may indicate a shift in sentiment and the beginning of an upward price trend. 💹📈 Join the discussion and let's analyze the potential of FWB:C98 as we monitor the development of this falling wedge pattern together! 📊💬 #C98 #FallingWedgePattern #BullishReversal #CryptoTrading #TradingOpportunity #TechnicalAnalysis #TradingView Remember, conduct your own research and consider risk management strategies when making trading decisions. Stay tuned for further updates on FWB:C98 and other exciting cryptocurrency opportunities! Happy trading! 📈💰" #C98 #FallingWedgePattern #BullishReversal #CryptoTrading #TradingOpportunity #TechnicalAnalysis #TradingView
Long
by STP_MrNodeItAll
EURCHF growth by Falling Wedge Pattern🚀EURCHF managed to form a Falling Wedge pattern near the 🟢heavy support zone🟢. I expect EURCHF to grow up to at least the downtrend line after breaking the upper line of the falling wedge pattern. 🔅Euro/Swiss Franc Analyze (EURCHF), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
Long
by pejman_zwin
15
MASK Network Falling Wedge PatternCrypto MASK has recently formed a falling wedge pattern, which could potentially signal a bullish reversal in the near term. The falling wedge is a chart pattern characterized by a series of lower highs and lower lows, converging towards a point. This pattern typically suggests diminishing selling pressure and a potential breakout to the upside. In the case of MASK, the falling wedge pattern indicates that selling momentum may be waning, and buyers might be stepping in. This could lead to a potential price surge towards the projected price target of $4.50. Looking forward to read your opinion about it!
Long
by TopgOptions
GOLD → Candlestick analysis - the market is ready to fall OANDA:XAUUSD quickly enough reaches the specified target of 1914 and forms a bullish rebound after a false breakout. The price forms a range of 1939-1914, within which it can reach local resistance by the end of the session. The daily timeframe hints that the fall will continue. The price exits the local descending range downward, breaking the support (another view is a break of the triangle support), after which a correction is formed - which is a logical component of trading. And the daily candle on Thursday closes at the very low, which suggests that the potential is not yet exhausted. The gold market is bearish right now. Today's publishings are: 8:30 GMT Manifactruting ( FX:GBPUSD GBP) 13:45 GMT Services PMI ( FX:EURUSD USD) Resistance levels: 1925, 1939. Support levels, 1914. The daily candlestick forms a local level - the low of the day. If price breaks this local support, it will head much lower, as there is a void under 1914 on the chart, but within the trading session a rebound could lead to a strengthening to 1925 or to 1939. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
27
GBPAUD → Price continues to strengthen. I expect a breakthroughFX:GBPAUD is showing a chic dynamic based on the reversal pattern. At the moment the price is in a range and most likely the market will have to form a consolidation before breaking through the flat resistance. Earlier the price acquires strong support from the 200-hour moving average. A strong consolidation forms a bullish position, after which we saw a rally to 1.90000 At the moment, I expect a retest of 1.90353 and the formation of a pullback to support in the near future. In the medium term from the trend support or from the level 1.89200 I would expect an active strengthening of the currency pair. Support levels: trend bottom line, level 1.89200, sma200 Resistance levels: 1.90353, 1.91835 The pound continues to get stronger and the resistance of the range will not stop the price. I expect pre-breakout consolidation with a further breakthrough to 1.91835. Regards R.Linda!
Long
by RLinda
16
GOLD → Price is heading for new lows. What to expect from gold?OANDA:XAUUSD is falling. There was a breakout of the support level. At the moment the gold is in the range 1939 - 1914. Regarding this flat, various scenarios are possible. What to expect from the price in the near future? Obviously, the price is aimed at testing the liquidity zone, which is below 1914. Yesterday, before the American session closed, the price tested the previously broken strong level. There was a shakeout relative to 1939. Now, after capturing the liquidity of 1939, the price is headed down. On the H4, the local resistance level of 1928 is formed and the price is consolidating lower. Gold is likely to hit a new low (1914 or 1900) before a bullish pullback. At the moment, the market is bearish. Until the price breaks one of the key resistances, it will not change. But the price is not going to do that yet :) Resistance levels: 1928, 1939, SMA-50 Support levels: 1920, 1914, 1885 I expect the price fall to 1914. A small pullback may follow from this support, which may further lead to a breakout and a decline to 1900. Regards to R. Linda!
OANDA:XAUUSDShort
by RLinda
29
Technical Analysis: XAUUSD Longs into 1966.70Recently had a pattern breakout to the upside. I am expecting price to retrace a little before couniting to the target zones. With the breakout there was also a shift in market structure so there is a strong chance of a pullback before the push which we have started to see already (see image below) We will experience some resistance as there is a smart trail above price at the moment so there is still a lot of bearish pressure which is why I would like a strong pullback first.
PEPPERSTONE:XAUUSDLong
by ChristopherDownie