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Rising Wedge

Dollar index DXY - Everything collapses because of this! Except for DXY, everything is falling apart because everyone is selling their assets and buying dollars instead as a safe haven! Traders usually also need USD to open short positions on futures and speculate on price decreases. The dollar index is incredibly strong and this trend should continue for another few years. According to my analysis and to this chart, 2025 seems like a reasonable year for a trend reversal of this ticker. Keep in mind that this is the monthly chart for DXY and the price is printing a massive parallel channel on the linear scale and also on the log scale as well. As per my Elliott Wave analysis, we are currently in the strongest third wave and I expect to touch the upper trendline of the parallel channel before we can experience a corrective fourth wave. After that, the 5th wave will come into play, and we can definitely throw over the parallel channel and find resistance at the previous swing high from 2001. The DXY is a great indicator for traders and everyone should keep an eye on it. Interest rates are going up, and this is a negative indicator for the stock market. Look at my ideas about Gold and Bitcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
TVC:DXYLong
by UnknownUnicorn2537518
69
Vet/USDT Short📉N.B. My strategy is based on huge explosive profit or very little profit so without breakeven stop loss at the right time we will lose in very little profit so follow me if you want to know breakeven stop loss Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors. How this analysis was done: First I find usdt pairs using crypto screener then if all Three×3 in 1 indicators gives main entry confirmation at the same time I go with the analysis then I find Support and Resistance zones in 3x entry timeframe also using one of the three indicators for backing up my analysis and filter bad signals then I also make trendlines using two of the 3 indicators in 3x entry timeframe for filter out more bad signals then again using one of the 3in1 indicators I filter fake breakout in entry timeframe and in higher time frame and then if other minor conditions is confirmed the analysis is done. Trading and investment in the financial markets always involves high rish, So In order to succeed using our signals make sure you have learned the essential skills for money and risk management To SUPPORT this channel, please press the LIKE button, COMMENT and Share with your friends
Short
by TrueUrBoss
4
daily chart analysis for SUMICHEMStock analysis for SUMITOMO CHEMICAL IND LTD keep watching add to watch list price falling each time when touches to upper trend line with conforming signal by RSI falling when it touch to 70 again price is testing upper trend line and RSI at 70 from here we can expect down side move in stock to lower trend line if price successfully closes above upper trend line then it may go more up side if price breakdown the lower trend line then rsi trend line will also break then will consider it more fresh selling and fall in price
NSE:SUMICHEM
by ProfitPicks
Bitcoin - Game over! 3000 USD next target, bear market 2025 The bubble has popped, but now for real! We can reach 3000 USD next year without any problem because this exponential growth in bitcoin is over. As you can see on the chart, we had a very nice parabolic uptrend, but nothing lasts forever, and it's not sustainable to hold this curve. We need to cool down for a few years so we can start a new uptrend (wave 3) in the long run. Bitcoin is clearly losing steam on the monthly chart. Satoshi Craig Wright in 2020 said "BTC is not going to go to $100,000". Never? Is he right or not? Tell me in the comment section! It looks like everyone who bought bitcoin in the last 5 years is too late to the party. The 12-month candle is printed as a shooting star, which is indeed extremely bearish. The major trendline from 2013 is breaking down, which is definitely not a positive sign! As per my Elliott Wave analysis, we have finished a major impulse wave and we are looking for an ABC retracement. The usual target of a C wave is at the start of wave 4. The price is below the 200 weekly moving average for the first time in history. This MA is considered a strong support by huge institutions and hedge funds. It's very important. I expect tremendous gains for GLM (golem). You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
BITSTAMP:BTCUSDShort
by UnknownUnicorn2537518
190
OH MY $SPY !! Here is my full analysis - Lots to Review!$SPY has me on the edge of my chair here on the weekly and boy is there lots to review.. Let's start with where we left off last time..  The INVERSE HEAD & SHOULDER is still in play, I know, I sound like a broken record, but it's true, not broken, and we closed the daily on the $390 support level to back up this theory. (Green Outline) represents a BROADENING DESCENDING WEDGE (Bullish) which has been respected since the beginning of the year in January. A bounce off $390 will send it upwards to a 3rd tap of the upper trendline and possibly break-through. A break through does not necessarily mean new ATH, OMG we broke through, "new all time highs" .. umm no sir .. this particular pattern could break-out and epically FAIL.. here is why.. (Purple Outline) is highlighting a RISING WEDGE (Overall Bearish) - should we hold the line here, at $390 on the weekly, this pattern will continue upwards to tap the upper trend for a 3rd time (generally followed by a heavy rejection - hence bearish), this compliments the INVERSE HEAD & SHOULDER mentioned above, but technically would end up failing as it nears the neckline aka top channel of the rising wedge.  But let's not lose sight so quickly, we still have to hold the line near $390 tomorrow in order for these patterns to play out without failure. I provided a chart earlier today from my phone of the current falling wedge on spy 15 min - 1 hour time frame so I am hopeful for a run up BUT if we break below -- there are many areas of support and plenty of gaps to fill and trades to be played. GAPS are marked in RED.  Good luck traders!
AMEX:SPY
by ChaldeaCode
8
Gold - Major crash is prepared! -18%, channel is breaking down! On the weekly chart, gold is very close to a massive crash. I think the bulls have no power here and I don't even want to see a huge red candle. As you can see on the chart, there is a rectangle consolidation pattern with multiple touchpoints and also an ascending parallel channel that is currently breaking down! Next target is 1370 USD, and I think we will hit this target very quickly. After that, we want to see a strong bounce from this level, because otherwise we will go even lower! This is a bullish Elliott Wave count, so wave 4 should not go below previous wave 1 because this may invalidate this bullish scenario. Interest rates are growing, and so are bonds. We have a strong dollar and everyone prefers to hold cash, even with high inflation. This is not looking good for the stock market, crypto and gold at all. But you can still make money if you open a short position on the futures market or purchase some put options. Look at my ideas about Bitcoin and Ethereum in the related section down below. For more analysis, hit "Like" and "Follow"!
OANDA:XAUUSDShort
by UnknownUnicorn2537518
55
Ethereum, ETH 2.0 in a few days! - Explosive bull market Ethereum is now the leading cryptocurrency because everyone is anticipating the greatest event in the history of ETH and crypto in total. Bitcoin's dominance is going down, which greatly favors Ethereum. This downtrend should continue until the end of the year.  It looks like the demand for ETH is now very high and may substantially increase over time before the merge begins.  On the daily chart, we have a new parallel ascending base channel that is defined by Wave (1) and Wave (2). There are always 2 versions of the channels - on the linear scale and on the LOG scale, which makes trading more difficult, but it is how it is. The channel on the log scale fits better because it includes previous swings as well.  As per my Elliott Wave analysis, an ABC correction (wave 2) has finished and we are already in a new third impulsive wave, which should be huge. Ethereum 2.0 - The Bellatrix upgrade will activate on the Beacon Chain on September 6. This upgrade is responsible for setting the rest of the Merge process in motion. The Terminal Total Difficulty value triggering The Merge is expected between September 10-20, 2022. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
25
Ethereum - Descending channel is breaking down! 33% crash soon? Hmm, the situation is grave indeed. Maybe a change of plan is needed! On the daily chart we can clearly see an ascending channel or maybe a bear flag , but I prefer the channel. Ascending channels are bearish patterns, and this channel is very close to a breakout. This is a bullish Elliott Wave count, and we need to complete an ABC correction to start a third impulsive wave upward! As you can see, we started this uptrend with a nice impulsive wave. Now the question is, where is the support? You can use the 0.618 FIB or POC of the previous structure to set a limit buy order if you are a bull for the next major wave to the upside. But I am bearish and it's possible that we reach even lower prices like 880 USDT in the immediate short-term. Because ETH is far more powerful than BTC , Bitcoin can fall dramatically while ETH only slightly. I expect tremendous gains for GLM. You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
64
Solana - Bear flag is breaking down! The Bear party is starting! The bears are in full control of this downtrend. We are still below the 20 weekly moving average and the bear flag is definitely broken and retested. This is not looking good for the SOL coin at all. This structure looks incomplete and we need another leg downward to complete a beautiful impulsive wave. Solana started with a strong impulse wave in 2020, which gives us potential for another bull market in 2024-2025 to new all-time highs. Another 46% crash is really possible and likely in my opinion. I don't like to be bearish because people generally don't like bearish analysis. Crypto is a pump and dump environment. It's not like a stock market with incredible strength and buying power from bankers. But I think we can expect a solid pump after we reach my support level. 90% of altcoins are just very bearish, and it's hard to make money in a bear market. It is how it is. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
33
ETHEREUM PERSONAL ANALYSIS IN THE SHORT TERM (MINOTAURS!?!?) The total evaluation for the Ethereum asset is bearish. Please be mindful of the risks you are taking, managing these risks are absolute number 1 priority and the second one is your risk tolerance. A lot of people are really good at calculating, but they are either too much of a wuss or too much of rooster so keep yourself in check always. Be neutral. --------- Data shows for ETH from the charts has a great projection point towards the 1720$ region where it will be rejected to a maximum of 1800$ on the weekly 20 DAY moving average. I expect further upside after a backtest around 1,580-1,620$ for proper market structure purposes and to serve as a 2nd entry point for those that have not joined the miniscule trend change. Take note that the SP500 and the NASDAQ are on their retracement potentials since they are now sitting on the previous support we had months ago for a probable double bottom, but it will be rejected after a temporary upside retracement touching the 20 day moving average before plummeting through the 2021 support. -------- Probabilities of ETH reaching price points based on market structure, fundamentals and sentiment: ETH has a 80% chance to reach 1,680$ with a 20% chance of a re-test down to 1,520-1,580$ ETH has a 65% chance to reach 1,720$ via volume splurge with a 35% of re-testing the previous support, 1,580-1,620$, same failure rate. ETH has a 35% chance of reaching 1,800$-1,820$ without re-tests and 65% chance of re-testing 1,680$-1,720$ after visiting that level. This works the same odds with failure rate. ETH has a 20% chance of reaching 1,920$ without re-tests and a 80% chance of a price failure or re-test of lower levels. ETH has a 10% chance of reaching 2,080$ without re-tests and a 90% chance of a price failure or re-test of lower levels. ETH has a 1% chance of reaching 2,200-2,400$ without re-tests via manipulation pump and a 99% chance of distribution (sell wall). Probabilities are gathered statistically on the basis of 1H-8H Candles dating back since 2021 for better context. -- Like the chart? Comment on it! Boost it, like it, share it -- the chart is completely yours! :D
BINANCE:ETHUSDLong
by Wamses
4
ETH PERSONAL ANALYSIS IN THE SHORT TERM (I SEE 1780$ WHOA!)The total evaluation for the ethereum asset is bearish. Please be mindful of your risks and tolerance when it comes to handling large amounts of money so that you remain calm always. Plan it out every trade and it doesn't matter if you're wrong or right, saves you a lot of paranoia. I see a very big potential to break 1720$ today and a very nice tendency to pump as far as 1780$ due to the fact that the price is supported from a bullish perspective of the NASDAQ and SP500 about to break their volume point of control and into the daily 20 day and 50 day EMA resistance which will probably be rejected the moment we go there. At the same time, that point of rejection will send ETH down from 1,720$ or 1,780$ to 1,580$ to 1,620$ respectively. If you want to find out more about the correlation of these prices, go to my profile, I have posted a new update regarding that breakout of the NASDAQ and SP500. It's literally quite new! Be warned that even if we pumped there, this is a rising wedge and that of itself is a huge sell signal in an eventual fashion. Remember, initial target is 1720$ If we do reach beyond that, its most commonly a volume splurge and would warrant a definite short the day after. ------ Like the chart? Comment on it, boost it, save it, bookmark it, share it! Its yours for free!
Long
by Wamses
DXY appears to be triggering a rising wedgeShown here on the 1 day chart is a rising wedge that is probably most valid on a 4-8hr time frame. However I wanted to show the 1 day 50ma (in orange) so I decided to post this idea on the 1 day time frame. We can see a big red candle has formed here and almost already reached the breakdown target of the wedge of 108. My thought was it was going to wait until the 1 day 50ma climbed up to the 108 zone for the breakdown to reach this target and the retest the 1 day 50ma’s support but it appears to be heading to this breakdown target much more quickly than I expected. We can see the green target I have above the wedge was almost reached to its full target but fell ever so slightly short…falling short of reaching 100% of the target suggests the bullish momentum for dxy may be waning and we could see a trend change to the down trend sooner than later. Especially if this current bearish pattern reaches 100% of its breakdown target or even more so, loses the 1 day 50ma as support. If we hit the full target and then it flips the 1 day 50ma to solid resistance the downtrend will likely be confirmed. If so it could mean yet another lower high has been established for DXY meaning that in the grand scheme of things the DXY would be very much still in a macro bear trend, despite all the FED induced”strength” it has seen as of yet…the recent surge in strength while everything else has plummeted does seem to bear the hallmarks of some sort of final exit pump but that is of course mostly speculation on my part. Al eyes on the 1 day 50ma *not financial advice*
TVC:DXY
by DrDovetail
NASDAQ INDEX SHORT TERM ANALYSIS (A CALL OPPORTUNITY!!)The total evaluation for the NASDAQ chart is concurrently bearish over the past few months, but remained bullish in an overall decades of terms. Please be mindful of your risk management and trade accordingly with fundamentals and proper market structure (this includes familiarity towards candlesticks, indicators, etc.) There is a very good chance we will pump right above the point of control where the volume is at its strongest, this is called a "REACTION RALLY" to the dump we just suffered the past weeks. This is especially stronger since we are sitting on a support that we just bounced around June and May 2022, this is the 3rd back-test and re-test which can serve as a strong notion for a long/call position. Simultaneously, this pump can also push crypto to 19,800$-20,200$ and ETH to 1,720$-1,750$ only fo r EVERYTHING TO GO DOWN conveniently on a bad CPI report on September 13. Quite coincidental am I right? Its approaching resistance and there's a cpi report, maybe too obvious of a pattern for market makers but fear not, I recognized this and wanted to share it to you all! If you are wondering what are the jitteries on the circles and everything, the full chart can be found in my profile. Its in the same NASDAQ name but in a longer term of analysis, the same information and movement can be similar to the SP500 therefore it is not necessary for me to make another chart regarding it. ---------- Like the chart? Comment on it, boost it, bookmark it, save it. Its yours -- for free!
ULong
by Wamses
Ethereum ETHBTC - New all time high this year! Then a big crash? Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards.  As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap.  Keep in mind that ETHBTC does not belong to a trending market. It's more like an oscillator. You can compare this pair to the EURUSD forex pair. So, forex strategies should work much better on this particular ETHBTC pair. According to my Elliott Wave analysis, we are currently in the final 5th impulsive wave of the bigger impulsive wave. Bitcoin's dominance is breaking down the key market structure, which, of course, greatly favors ETH. Look at my ideas about interesting altcoins in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
52
ETHEREUM PERSONAL ANALYSIS IN THE SHORT TERM (ASCENDING MY BANK)The total evaluation for the Ethereum asset is bearish. Please be mindful of your risk management as always, this is number 1 -- even if you are the most amazing and colorful technical analyst with all those patterns and whatever, all of it are crap in the face of no risk management, in short you might as well be no different to wallstreet redditors. The asset as show in the chart has made a very convincing ascending line of triangle with continuous rejections on the 1620$ region. A breakthrough above 1620$ is very possible at this point and would potentially even reach a max level of 1720$ before dumping for a retest. To add for a further confirmation that this ascending triangle is valid is because we came from a triple bottom from BTC around 19,500-19,800$ The retest can be two things: Either it breaks down and it was indeed a falling wedge now. It continues to be a rising wedge. Please do not consider this as your edge towards your mega bullishness, the markets in both forex and crypto are still in a bear trend, a macro bear trend. This is just one of those mini-bull price action that will often reflect itself on the weekly as a higher low. Do you like this chart? Save it then! Comment on it, share it, boost it, bookmark it -- its yours! For free!
Long
by Wamses
BINANCE COIN PERSONAL ANALYSIS IN THE LONG TERM (SECOND TRY!?)The total evaluation for the BNB coin is bearish. Please be mindful of the risks in each trade you do and consider your risk tolerance as well to avoid any sort of unnecessary repositioning or panic selling/buying. I see a big potential for BNB to break to the upside, embarrassingly enough the breakdown we just had days ago is still within the rising wedge for BNB but not with others, this means that BNB can still go form a higher-high and then dump. However, this higher high would more likely to be a fake-out and a desperate plea. The NASDAQ and the SP500 was able to end the day with a bullish harami which is a very bullish indication of a reversal point, now we are currently building a healthy market structure based on RE-TEST instead of just dropping rapidly in one fell swoop. --------- Like the chart? Boost, comment and share it to your friends!
Long
by Wamses
BITCOIN PERSONAL ANALYSIS IN THE SHORT TERM (TO THE MOON!)The total evaluation for the bitcoin chart is currently bearish. Please be mindful of your risk management as always, I sincerely think we are now in for the low. We re-tested 19,500-19,800$ as much as we want with now a confirmed triple bottom. Do I still stay bearish in a macro time frame? Absolutely, since the SP500 and NASDAQ are far from actual dumping considering how bad our macro-economic factors are such as inflation rate, gas prices, food commodity prices, house sale -- in short, there is still a ton of problems. We have already tested 20,400-20,500 multiple times, you can barely even draw an ascending triangle now and would break to 20,800-21,200$ -- From there, I see a very strong rejection, so be warned! ------ Like the chart? Amazing! Comment on it, boost it, share it, bookmark it, save it -- its completely yours for free!
BYBIT:BTCUSD.PLong
by Wamses
4