ADA short opportunityEasy one. Rising wedge . Any close below the bottom trend line offers a great short opportunity.
Measured move would take it to around 0.08
Rising
IOTA Rising Wedge ShortMeasured move depends on when/if it falls out of the bottom of the wedge, but a safe place to take profit is around the green horizontal support line.
If it breaks out above the red trendline, this is invalidated and the trade is not there. It would then be very bullish and set up a long.
XRP Ripple Opportunity is Running OUTTrade Analysis based on Strict Price Action and Fundamentals Research.
WITH RISK MANAGEMNET YOU WILL NEVER LOSS.
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RDIETHEMACRO
More downside on ARCELORMITTAL (MT) - daily chartArcelormittal is in a very nice and clean corrective structure after a sharp impulse to the downside. Expecting a new impulse down soon as MT is getting closer to its decision point. My first target would be the previous low at around €6.000.
BTC rising channel. 14k by end of DecBitcoin next top, good place to book a profit. This is not a financial advice.
LINK in rising wedgeAs long as we stay above the 61.8 retracement of this bull run, LINK it still very bullish. But it will likely fall from here and down to that trend line, unless it breaks this pattern. Wait for confirmation of breakout up or down.
TD Rising Wedge SetupAs TD continues if it bounces off the green line I will assume a short play if it continues passed the green line I will go long.
I am bear biased on the market. Its more likely that it will continue higher 55% and 45% it will go lower. Stocks usually go up :P
This is a journal entry. Not trading advice.
If I could tell you...I see 2 possible scenarios ahead. Unfortunately, both of them contain a correction before heading higher.
>First scenario:
The zone between R1 and 23.6 Fib level holds, which is also midterm support. In this case, going long could be rewarding.
>Second scenario: 23.6 Fib level will break, then short it before going long. Short price target: 91.76
Microsoft has a lot of bullish tells, but the pattern is bearishBullish headlines, and favorable monetary policy mean that MSFT has a lot going for it right now. That and the company has incredible financials.
The pattern however is something to keep an eye on: the infamous rising wedge pattern.
This pattern may get bearish rapidly. We need to keep an eye on volume. If volume starts to rise higher than the average negatively and daily support breaks with higher than usual volume we may interpret this as bearish, and a potential topping point.
TVS MOTORS CRUCIAL POINT TO WATCH OUT FOR TOMORROW RISING WEDGE PATTERN
A BREAKDOWN WILL GIVE A FALL OF 15 TO 20 POINTS.
GOOD BUYING OPPORTUNITY WILL BE WHEN IT TAKE SUPPORT ON 200 DMA.
USOIL - A correction could happen soonWe have a rising wedge on oil and all we are waiting for is clear direction. We have divergence on the daily chart and this is something to take into consideration. If we brake bellow the bottom line of the rising wedge, we could have a good entry for short. On the flipside, if it brakes above the rising wedge, we could buy with TP 48.50$.
GLD 1 hour Chart AnalysisSentiment: Neutral to Bearish
As we've observed in the past two weeks Gold has been in a significant uptrend due to its negative correlation with the $DXY (US. Dollar Index) as well as overall volatility in the markets. However as we all know the law of gravity states that all things that go up must eventually come down.
Reasons:
1. Rising Wedge Pattern and Breakdown Confirmation
2. Tweezer Bottom Candlestick Pattern
3. Tweezer Top Candlestick Pattern
Updated Technical Analysis on SPY 7.13.20Sentiment: Short term Bearish
Reasons:
1.Strong Weekly Resistance (Now Support) at 317.59
2. Bearish Island Gap on Daily Chart
3. Bullish Channel Breakdown
4.Selling Volume Increase
5. Rising Wedge Pattern Formed After Market Open Gap up
5. Decrease in Overall Volume During this Pattern formation Confirms its Strength
TWLO - SHORT SETUPHIT THE 2.618 FIB EXTENSION. SHOWING BEARISH DIVERGENCE ON BOTH OSCILLATORS ! COULD BE A VERY GOOD SHORT ENTRY
DKNG - UPDATEBROKE STRUCTURE....LET'S SEE WHAT KIND OF FOLLOW THRU PRICE ACTION WE GET IN THE NEXT WEEK OR SO.
HAIN - UPDATEBACK TEST COMPLETE ? RISING WEDGE BROKEN. WILL WE SEE SOME FOLLOW THRU PRICE ACTION TO THE DOWNSIDE TOMORROW ?
🔥BTC on Huobi rising!Hello everyone! 👋
It’s been a volatile week in Bitcoin with nothing settled between bears and bulls as the price swept over a 7.27% range before closing the week at a mere .46% below the weekly open.
From TradePhrophet on CoinMarketCal.
Risk Reminder:
1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.
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BTCUSD BUY showing some strengthBTCUSD Now showing some strength to fly to 13000$ Target. 9000$ is working as a magnetic line. We can see all different reversal pattern on earth appearing above and below this magnetic Line. But this time it is accumulating over magnetic line. its a sign of strength. Set stoploss below the line and let it run to 1300$.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
gold direction..supply and demmand.. broadening falling wedgethe demand zone of this pair has been tested thus we expect gold to rise towards the supply zone.
a break above the resistance line of the wedge pattern with a retest of it should push price to the supply zone
like comment and follow if my idea was useful.
Rising wedge Australian dollar /United stase dollar future contract is trading in a Big Rising Wedge, I thinkit will be broken and price might fall.
We can clearly see a divergence between ON BALANCE VOLUME and PRICE.
Fundamentally AUD is going upthese days due to Optimism about a Covid-vaccine and a V -shape recovery in international indices. However there are still high risks related to USA-CHINA trade war and potential impacts on Australian economy (AU and China are commercial partners and if China exports will be damaged Australian economy will be influenced)
Open a short trade with target 0.63
USDJPY 28.05.2020This analysis is only intended for educational purposes, not financial advice!
Be safe !
