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Fallingwedgepattern

XPEV is forming a reversal pattern perhaps following TSLAXPEV is presently finishing out a falling wedge pattern. As shown on the 30-minute chart, exponential moving averages are falling and converging in the narrow area where VWAP is trending. At lower time frames a "Golden Cross pattern" A stop loss can be set under the double or triple bottom with a target being the 1/2 of the way to swing high about 10% higher based on a routine retracement. This seems to be a quality swing long setup based on a breakout of a falling wedge and a confluence of moving averaged and anchored VWAP I took some call options with a strike of $ 8 and an expiration on 12/16 while expecting over 100 % profit.
NYSE:XPEV
by AwesomeAvani
1
GOOGL | Wave Projection | A-wave Correction Bullish DivergencePrice action and chart pattern trading setup: > A possible A-wave correction zone at 0.618 fib retracement from previous 5-wave uptrend as well as the head & shoulders target with a bullish divergence RSI indicator in weekly timeframe which is showing a strong reversal signal. > In daily timeframe, the price breakout SMA20 with a small double bottom pattern and MACD golden cross signal line just below zero and now consolidating at upper key level resistance. > If breakout, the upside is opened to a possible B-wave ABC uptrend with a target 0.5 - 0.618 retracement between +20 - 25% with its double bottom downside -7%, estimated risk reward ratio at 2.5:1 Good Luck Always trade with affordable risk and respect your stoploss, nothing is 100%.
NASDAQ:GOOGLLong
by dukeposh
Google 103!Google 103! Don't google 103! What I mean is, I like Google NASDAQ:GOOG above 103. Why is 103 significant to GOOG? Level 103 is significant because it’s above today's close, today's HOD and the 20 MA (SMA + EMA). We also have x3 touches at 102.72! Therefore, I expect a break above 103 (with volume) to break the upper trend line of the falling wedge pattern (see screenshot posted below). Last but least, we closed above VWAP on the daily time frame. If we break and hold above 103 (with volume), then GOOG has strong potential to see more upside. Good night or morning, MrALtrades00
NASDAQ:GOOGLong
by MrALtrades00