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Fallingwedgepattern

EURUSD - Technical Analysis [Long Setup]🔹 EURUSD Analysis on 4H chart - The current Trend is BEARISH - There is BULLISH divergences - Reversal pattern is present which is falling wedge 🔹 Trade Plan For 1HR - Entry Level = 1.08750 - Stop Loss = 1.08339 - TP1 = 1.09170 - TP2 = 1.09653 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Long
by Bountysoul
ICP/USDT: POTENTIAL FALLING WEDGE PATTERN!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! ICP/USDT forms a falling wedge-like structure in the daily time frame. It breaks out from the wedge and is currently, going on for a retest. Accumulate it at the retest level. Entry range:- $7.7-$8.1 Targets:- $10.6/$13.4/$16.8/$19.8 SL:- $6.26 What are your thoughts on ICP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
1
LCID falling down on weak revenue LONGLCID is in a falling wedge pattern again on the 30 minute chart. Eventually it will break out over the pattern. It has been in a simlar pattern in the recent past. This is now basically a tall bear flag in its consolidation portion. While price could go even lower, reversion to the mean says that it will retrace. The Fib tool suggests 3.35 over an intermediate term. LCID has a rich uncle in Saudi Arabia and its wealth fund. Most certainly, they will accumulate heavily at this price level. Shorts will buy to cover once there is a saturation of buying and price action follows in keeping with Wychoff's theory. The mass index has signaled a reversal. I will dip buy this like the SA traders and add to the position once some bullish momentum is seen.
NASDAQ:LCIDLong
by AwesomeAvani
SOUN breaks above falling wedge LONGSOUN has been falling since March 21st and in the past week in a falling wedge pattern. It broke out above the wedge early in the 4/4 session and I opened my long trade position soon after in three separate pieces. I have set targets based on pivots or consolidation levels on the trend down including a standard Fibonacci retracement. The trend up will be slow perhaps due to the general technology market recovery of the correction made for the ambiguities of the rate cut. I am projecting a trade profit of 30-40 %.
NASDAQ:SOUNLong
by AwesomeAvani
15
UVXY - VIX Futures ETF- rises from a falling wedge breakout LONGUVXY on the 30- minute chart is now in an establish falling wedge breakout. Increasing volumes lend support for bullish momentum as does the fear that rate cuts may be postponed the the market's bullrun may stall and correct. This chart is left clean with only trend lines drawn in recognizing that quite a few traders only have a basic subscription on Tradingview without the luxury of multiple indicators, alerts and so on. A rise in the VIX may be a signal to start trimming long positions or hedging with short trades.
AMEX:UVXYLong
by AwesomeAvani
KOLD triple leveraged inverse ETF for Natural Gas LONGKOLD on the 15 minute chart shows a prior uptrend followed by a large falling wedge pattern from which in broke out then to form another smaller falling wedge. Anchored VWAP bands are added showing price is now just above the support of the mean VWAP line also confluent with the Fibonacci retracement of the uptrend of the first 20 days of February. The RSI indicator shows relative strength low and less low time frame lines near to the 50 level. I see this as an excellent setup to take a long trade in KOLD with the target and stop loss on the chart looking to capture 15% upside.
AMEX:KOLDLong
by AwesomeAvani
CMDX's Epic Breakout: From Falling Wedge to Sky-High Targets! 🚀CMDX/USD: Navigating the Breakout and Continuation Patterns CMDX/USD Technical Analysis Overview: In a striking turn of events, CMDX/USD has shattered its major falling wedge structure, signaling a bullish momentum that has caught the eye of many traders. Following this breakout, CMDX/USD is currently crafting another continuation pattern, reminiscent of a falling wedge, suggesting that the bullish narrative is far from over. Key Fibonacci Retracement Levels to Watch: As CMDX/USD carves its path upwards, the Fibonacci retracement levels offer significant take-profit zones that traders should monitor closely: Initial Target Zone: The $.085-$.10 region, correlating with the 38.2% Fibonacci retracement level, serves as the first major area where traders might consider taking profits. Midway Point: Progressing further, the $.19-$.20 range aligns with the 50% retracement level, marking a critical halfway point in the asset's recovery journey. Higher Ambition: For those with a more bullish outlook, the $.55-$.88 zone, matching the 78.6% retracement level, presents an ambitious target, hinting at a strong bullish conviction. Ultimate Targets and Price Discovery: Top of the Wedge: The apex target at the top of the wedge stands at $2.70, a level that would not only confirm the strength of the current trend but also set the stage for potential price discovery. Beyond All-Time Highs: Should CMDX/USD venture into uncharted territories beyond its all-time high, the $9-$11 range emerges as the grand 1.272 Fibonacci extension level, offering a glimpse into the asset's long-term potential. Timeframe and Strategy: This unfolding scenario might span several months, urging traders to adopt a blend of patience and vigilance. Keeping a close eye on volume, market sentiment, and related macroeconomic factors will be crucial in navigating this journey. Conclusion: The CMDX/USD pair is painting a bullish tapestry, marked by breakout and continuation patterns that beckon traders with a long-term vision. As we traverse these Fibonacci landmarks, the journey promises to be both exhilarating and testing, with the ultimate prize lying in the mastery of timing and strategy. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Always conduct your due diligence and consult with a financial advisor before making investment decisions.
OSMOSIS:CMDXUSDLong
by STP_MrNodeItAll
Sunworks correction/turnaround soon? ABC, potential to 2.70Sunworks suffered a lot already, and the stock almost in the graveyard. I am following it a while, was a nice short on the way down. Finally posted a tiny bit more positive earnings compared to expectation. Meanwhile a falling wedge formation created. Also moving in a big downward channel. There are two scenarios for counting the waves, one scenario suggests, that the wave 5 down could be finished (1.618 extension was put in a few days ago), and we are up for at least an A-B-C upside correction. Possibly (but not guaranteed) we just starting to put in the Wave "A", so far. Consodilation in a smaller channel happening, with one breakout to the top,which could fall back. Important thing in order to have this idea a basis, is not to put in a new low (0.7252), and not to stay below comfortably 0.78. If that happens, then I need to assume new lows are coming. It is possible, that this 0.78 level will be retested, I am following SUNW's actions now more closely. On the daily, RSI is started to come up a bit, trying to leave the oversold levels. MACD coming up, a little bit week still. The 9/15 SMA's starting to turn updwards, currently being a possible support. 21day EMA so far rejecting price actions, so we are squeezed in between those. 52day EMA/180 EMA, 200SMA coming down, 52 in a higher speed. On the weekly, 200 SMA up at around 3.92; it is far away (to be a resistance) Weekly RSI is on oversold levels (could drop more of course), trying to leave it, now showing sign of possible normalization, MACD indicator could start to converge (in a few weeks could be divergenced, but no guarantee) I have opened a long position( accumulation purposes), regardless of this idea. I plan to open an other one for swing-trading, IF we restest the 0.78 fib level and popping back up from that (meaning possible wave 3 starting to the upside, and wave 2 is in) Also be aware, as of now, the 1st quarter 2023 results,conference call and webcast was postponed, which might heavily influence the price actions (and sure it has a reason behind it.) Resistance at 0.92, next resistance at 1.12. No GAP below, next GAPs upwards:1.12; 1.62
SLong
by tommtajlor
34
BTC Bullish Pattern on Oct 1st, 2023We can see a falling wedge pattern in daily chart. This is a bullish pattern for few days. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
INDEX:BTCUSDLong
by rukshan2102
1
$JD Potential Reversal: 2-Day DB, Descending Broadening WedgeOverview: NASDAQ:JD (JD.com Inc.) appears to be forming a compelling technical pattern that suggests a potential reversal. The stock has developed a 2-day double bottom pattern, coinciding with a falling wedge setup, all occurring within the confines of a major descending broadening formation. Traders and investors should closely monitor these key technical levels for potential bullish momentum. Key Technical Observations: Double Bottom Pattern: NASDAQ:JD has established a clear double bottom pattern over the past two days, a classic reversal formation characterized by two distinct lows at approximately the same price level. The first low was set , followed by a second low , forming a W-shaped pattern. Falling Wedge Formation: A falling wedge is currently in play, with converging trendlines forming lower highs and lower lows. Falling wedges are often indicative of slowing bearish momentum, and a breakout to the upside could signal a reversal. Descending Broadening Formation: The overall context involves a major descending broadening formation, marked by expanding price volatility within a downward trend. This formation could imply a period of uncertainty and potential for a reversal as the pattern reaches its apex. Potential Trading Strategies: Entry Points: Conservative traders may consider entering long positions upon a confirmed breakout above the upper trendline of the falling wedge. Aggressive traders might explore entry opportunities near the lower trendline, anticipating a bounce within the descending broadening formation. Stop-Loss and Take-Profit Levels: Establish a stop-loss level below the recent double bottom, ensuring protection against a potential breakdown. Identify potential resistance levels within the descending broadening formation as initial take-profit targets. Confirmation Signals: Confirm the bullish reversal with increased volume on the breakout from the falling wedge. Use additional technical indicators, such as RSI and MACD, to validate the strength of the potential reversal. Risk Considerations: Trading involves inherent risks, and it's essential to manage risk effectively. Be cautious of false breakouts and monitor market developments closely. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct thorough research and consult with a qualified financial professional before making trading decisions.
NASDAQ:JDLong
by STP_MrNodeItAll
🚀 #LRC/USDT Ready to Soar! Join the Rally Now! 📈🔥Attention all traders! 🚨 It's time to jump on the #LRC/USDT rocket ship! Loopring is showing impressive potential, and we're in for an exhilarating ride. Don't miss out on this opportunity to join the rally! 📊🚀 Chart Analysis: Pair: LRC/USDT Timeframe: Daily Key Observations: Bullish Momentum: Loopring (LRC) has been demonstrating significant bullish momentum lately. The price is on the rise, indicating strong market interest. 📈💥 Support Zone: There's a solid support zone in place, suggesting a robust foundation for potential upward movement. 🧱🚀 Technical Breakout: A recent technical breakout is a positive sign, indicating a potential surge. 🚀📊 Trading Plan: Entry: Consider entering a long position now while the price is on the rise. Look for confirmation of the bullish trend. 📈🔥 Stop Loss: Implement a well-placed stop loss to manage risk effectively. Protect your capital. 🛡️💰 Take Profit Targets: Set profit targets based on your trading strategy and risk tolerance. Be prepared for both short-term and long-term scenarios. #Loopring #CryptoRally #BullishTrend #LRCAnalysis #Cryptocurrency #TradeSmart #CryptoTrader Disclaimer: This is not financial advice. Make sure to do your research and consider consulting with a financial advisor before making any trading decisions. Always use proper risk management strategies. Get ready for an exciting journey with Loopring! Join the conversation in the comments and share this post with your trading buddies. Let's make this analysis go viral! 🚀🔥💹 Note: TradingView posts are for educational and informational purposes only. Remember to conduct your research and employ proper risk management when trading cryptocurrencies. 📚📊
CRYPTO:LRCUSDLong
by STP_MrNodeItAll
📉 MAGIC/USDT Falling Wedge Setup! 📉📈 #MAGICUSDT is currently forming an intriguing Falling Wedge pattern on the chart, suggesting a potential bullish turnaround! 🚀 📉 The price action has been establishing lower highs and lower lows, outlining the falling wedge pattern. This pattern often implies a period of consolidation and declining selling pressure. 🧩 Falling wedges are renowned for their tendency to precede upward breakouts, which could indicate a forthcoming trend reversal and the initiation of a new bullish phase. 💡 Keep a close eye on the wedge's resistance and support levels to determine the possible direction of the breakout. 📊 Technical indicators are displaying hints of a potential reversal, lending further support to the bullish outlook. 🔔 Be on high alert for a breakout above the upper trendline, as it might serve as a signal for the start of a bullish trend. Plan your profit targets and stop-loss levels accordingly. 📅 Always practice prudent risk management and responsible trading. Conduct your own research before making any trading decisions. 🚨 Exciting possibilities await for #MAGIC! 🚨 Let's see how this Falling Wedge unfolds! 🤞 (Note: This post is for informational purposes only and should not be considered as financial advice. Trading carries risks, and past performance is not indicative of future results. Always conduct your due diligence and seek professional advice when needed.) #CryptoTrading #TechnicalAnalysis #BullishSetup #TradeSmart #DYOR #CryptoMarket #ChartAnalysis #EmbraceTheWedge #BullishTrend 🚀📈💹
Long
by STP_MrNodeItAll
FILUSDT - Potential Bullish Opportunity! 🚀 FILUSDT - Potential Bullish Opportunity! 🚀 📊 Technical Analysis: - 1-hour chart shows a clear downtrend in FILUSDT. - RSI indicator is displaying a bullish divergence, hinting at a potential reversal. - A bearish falling wedge pattern is forming, signaling a potential trend reversal. 📈 Trade Plan: - Buy Stop Entry (Above Last LH): $4.165 🎯 - Stop Loss (Below Last LL): $4.041 ❌ - Take Profit (1:1): $4.288 🎯 - Projection Range: $4.122 - $4.360 📈 📉 Risk Management: - Risk-Reward Ratio: 1:1 ⚖️ - Only invest what you can afford to lose 💰 - Use appropriate position sizing to manage risk 🔍 📝 Investment Advice: The provided technical analysis suggests a potential bullish opportunity in FILUSDT. However, always exercise caution and perform your own research before making any investment decisions. Remember to set a stop-loss to protect your capital. Disclaimer: This post is for educational and informational purposes only and should not be considered financial advice. Trading involves risks, and past performance is not indicative of future results. Always do your own analysis and seek professional advice if needed. #DYOR #InvestResponsibly Let's stay sharp and take advantage of the market opportunities! Happy trading! 📈🚀 #CryptoCommunity #TradeSmart 📈 #CryptoTrading #TechnicalAnalysis #FILUSDT #BullishDivergence #FallingWedge
Long
by T-Q