Dow Jones - Bearish Rising Wedge 📉Hello Traders👋🏻
The Dow Jones Price Reached a Strong Resistance Level ✔️
Currently, US30 formed a Rising Wedge ✔️
The Price Failed To Create New Higher High 📈
The Support Line of the wedge is Broken 🔥
If Price Stays Under The Key Zone, US30 Can Continue The Bearish Move 📉
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TARGET 1: 32790🎯
TARGET 2: 32090🎯
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Rising Wedge
Short Term Bond Yields Setting Up to Crash along with the DollarThe 3 Month Bill is currently breaking down and backtesting a Rising Wedge after Bearishly Diverging at some extreme highs while the DXY has also broken below a long term trend line and is backtesting the S/R Zone and Moving Averages as Resistance.
I have expectations that both of them will crash majorly in the coming weeks to months.
NVDA RISING WEDGE On the chart we can see the rising wedge pattern.
We expect that the price break down the upsloping support. If this happens we can open a short position.
Target is shown on the chart.
USDJPY: Bearish Bat Nearing Top of Rising Wedge.USDJPY is trading at the PCZ of a Bigger Daily Bearish Bat and a Small 15 minute Bearish Bat and it is trading near the supply line of a Daily Rising Wedge; If the patterns hold out we will see USDJPY drop below the Bearish Dragon Trendline and begin a significant move down from here.
WMT Rising wedge On the chart we can see a rising wedge.
The price broke down of the pattern.
We are expecting the price retest previous support and confirm it as a resistance, which would be our entry for the short position.
Stop loss: 155.14
Target: 138.44
Possible correction in Gold, $XAUUSDOn the daily chart, Gold (XAUUSD) has formed a rising wedge which is a bearish pattern. This was followed by a sharp bear trap and a double rejection of the bulls at the consolidation zone.
We are looking at a possible correction in the price of gold in the coming days toward 1982/1934 zones.
BTC Update.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
NZDCAD in Coming Days!✅ Based on the analytical method in the CTS strategy, the NZDCAD currency pair is in a downward phase by reaching a PRZ zone.
➡️ bearish signals in the PRZ area are:
- The roof of the descending channel
- Pivots R1 monthly and R3 weekly
➡️ and the downward signals of market momentum are:
- Divergence in MACD and RSI in 1 hour
- RSI OVERBOGHT in 4 hours
- The possibility of forming a Rising wedge pattern in 1 hour
🌟 Note that the price has reached the PRZ zone and the entry trigger will be activated by hitting the bottom of the miner in one hour time and forming a return pattern. On the other hand, if the PRZ is broken upwards with the strength of bullish candles, this analysis of ours will be failed .
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🌍Thank you for seeing idea .
Have a nice day and Good luck.
XAUUSD WHAT`S NEXT? SELL?Hey traders,
On friday i posted my anaysis about gold, that we hit all time high and a correction was likely to occur. As expected xauusd dropped 350 pips. When it comes to this week as well i see a further correction looking upon the chart, gold may consolidate trending upward to fill the gap then after a sharp drop to around 1988 seems reasonable to expect.
If you like my idea drop a like and comment down below. 😘
US30 dowjones good sell opportunity Hello traders us30 is in down trend even we are over all bullish we can sell also specially in the index pairs they are good for scalp can get massive pips ,on a 4hr we are in a down trend in a correction trend so we can sell on a new possible lower high for a lower low
Short on CadjpyCadjpy is overbought and has also created a rising wedge in 1H 4H and 1D timeframe. It’s time to short cadjpy and we are looking for tp1- 96.00 and final tp2 around 92.00 with Sl around 101.600. Let’s see how it goes. Please do your own analysis.
CADCHF - BEARISH RISING WEDGE 📉Hey Traders👋🏻
The CADCHF Price Reached a Strong Resistance Line ✔
Currently, CADCHF formed a Rising Wedge ✔
The Price Failed To Create New Higher High 📈
The Support Line of the wedge is Broken 🔥
If Price Stays Under The Key Zone, CADCHF Can Continue The Bearish Move 📉
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TARGET: 0.65354🎯
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W10-22 GBPUSD BEARISH IDEA (RISING WEDGE)Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of the rising wedge without bearish divergence. Entry at the break of wedge and support level.
Bullish Trend Is Still Intact. (careful for your levels)
SL & TP Levels are defined.
COALINDI rising wedge On the chart we can see a rising wedge.
We are expecting breakdown soon. Enter the short position only when/if the price breaks down of the wedge. Look for the volume increase in order to avoid the trading fake out.
The target and stop loss are shown on the chart.
EURGBP - Bearish Rising Wedge 📉Hello Traders👋🏻
The EURGBP Price Reached a Supply Zone (0.88499-0.88656) ✔
The Price Failed To Create New Higher High 📈
Currently, EURGBP formed a Bearish Rising Wedge ✔
The Support Line is Broken 🔥
If Price Stays Under The Key Zone, EURGBP Can Continue The Bearish Move 📉
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TARGET: 0.87570🎯
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AAPL On 4H Bearish Divergence with Rising WedgeAAPL is forming rising wedge with Bearish divergence and most likely to reverse the trend from Bullish to Bearish. We have to wait and observe the market first before taking any trade. Once it breaks down last "High Low" mentioned on the chart, we'll take our entry.
Trade Plan is mentioned on the chart.
Bitcoin - Final pump to 32k before a crash to 15k!
Bitcoin may be ready for a final impulse wave to the upside before it collapses to 15k!
On the chart, we can see an ending diagonal wedge pattern (3-3-3-3-3), which is why we could finish it at around 32k-33k.
This will be your lifetime opportunity to short Bitcoin and ride the massive bear market that will follow!
Do not buy any altcoins or Ethereum because it's totally dead and only Bitcoin may pump to new highs.
The 0.382 FIB extension is right above the previous wave 3. This is a very strong level because it's the inverse of the 0.618 FIB, and usually Bitcoin reacts to it.
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 post trade setups privately.
I am of course very bearish for Q3 2023 and Q4 2023. As you know, I expect a big crash to 15k, but this could be the final uptrend to 32k.
Right now I am out of the market and do not have any open positions, but I am going to open a short at the top of the wedge / 0.382 FIB extension. I am already prepared for the bear market, so it is better to stay in USDT, sell spot positions, and trade futures.
If you think this is a reasonable Elliott Wave count, you can go to intraday charts and find some longs. Also, if you are already in a short position on futures, you can open a temporary hedge to protect yourself from this final wave.
I do not trust this pump from 19k, because it shows a lot of signs of weakness, such as ABC waves.
This analysis is my bullish scenario because I have always prepared bearish and bullish scenarios. Take my Elliott Wave count into consideration for your trading.
Thank you, and for more ideas, hit "Like" and "Follow"!
Short FTSEMy simple short idea, divergance on few time frames. We are overbought, no reason for more upside for me.
Take care
Wealth Unleashed: Wedge Pattern Power - Hidden Gem Revealed!Introduction:
Are you looking to skyrocket your trading profits? Look no further! Today, we will uncover the hidden gem of trading patterns: the Wedge Pattern. This powerful tool has the potential to transform your trading strategy and help you achieve financial success. Let's dive into the world of wedge patterns and explore how you can capitalize on their power.
What are Wedge Patterns?
Wedge patterns are popular among traders due to their high probability of forecasting trend reversals. These patterns appear when the price of an asset consolidates between converging support and resistance lines. There are two primary types of wedge patterns: the rising wedge and the falling wedge.
Rising Wedge:
In an upward trend, the rising wedge is considered a bearish pattern. It forms when the price consolidates between an upward-sloping support line and an upward-sloping resistance line that are converging. As the price approaches the apex of the wedge, the upward momentum weakens, signaling a potential trend reversal to the downside.
Falling Wedge:
Contrary to the rising wedge, the falling wedge is a bullish pattern. It appears in a downward trend when the price consolidates between a downward-sloping support line and a downward-sloping resistance line that are converging. As the price nears the apex of the wedge, the downward momentum loses strength, indicating a possible trend reversal to the upside.
Trading Strategies:
To capitalize on the power of wedge patterns, follow these steps:
✅Identify the pattern: Observe the chart for converging support and resistance lines to spot a rising or falling wedge pattern.
✅Confirmation: Wait for a breakout from the wedge pattern, either above the resistance line (for falling wedges) or below the support line (for rising wedges).
✅Entry point: Open a long position after a breakout above the resistance line in a falling wedge, or a short position after a breakout below the support line in a rising wedge.
✅Stop-loss and take-profit: Set your stop-loss order below the breakout level (for falling wedges) or above the breakout level (for rising wedges). Establish your take-profit target at a level that aligns with your risk-reward ratio and trading plan.
Conclusion:
The wedge pattern is a hidden gem that can potentially boost your trading profits when used correctly. By mastering the art of identifying and trading wedge patterns, you can strengthen your technical analysis skills and increase your chances of success in the market. Remember, no single tool guarantees success, so always use additional technical indicators and maintain a disciplined approach to risk management. Happy trading!
W9-23 CADJPY BEARISH IDEA (RISING WEDGE)POTENTIAL BEARISH ENTRY
The price action has formed a series of higher highs and higher lows. It eventually forms a bearish divergence and a rising wedge, and the price is expected to fall from the previous higher low.
TP and Sl levels are defined
OMAB - Rising wedgeOn the chart, we can see a rising wedge occurring.
OMAB is at its 52-week high, and this has been formed as a rising wedge.
We therefore expect it to have a drop to the downside.
Entry will be at the breakout of the wedge with a possible ROI of 15%
More details are shown on the chart.
