Get started

Rising Wedge

USDJPY bearish scenario:The US dollar is being kicked down along with US yields as markets think twice about a faster pace of tapering by the Federal Reserve and wonder if they have priced the Fed too hawkishly. USD/JPY is on the backfoot and will likely remain so until yields begin to stabilize again. In this pair, technical analysis shows a technical figure Rising Wedge. The Rising Wedge broke through the support line on 14/01/2022. USD/JPY is forming a bearish formation on a daily chart. If the price holds below this level, we will have a possible bearish price movement with a forecast for the next 32 days with a target of 112.09. According to the experts, your stop loss should be around 116.36 if you enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
ADANI ENTERPRISE PRICE ACTION ANALYSISNSE:ADANIENT has been consolidating in a rectangle pattern after a very strong uptrend and broke out of it. It has also been consolidating in rising wedge pattern within the rectangle pattern from which it hasn't given a breakout out yet. Considering the bullish nature of stock, it is only a matter of time when it will breakout towards 1900 levels. Enter at the break of the wedge. Targets: 2100/2250/2500+ sl: below 1673 Position size accordingly post breakout. HAPPY TRADING!
NSE:ADANIENTLong
by PriceActionSpotter
ES1! + VIX possible reversalWhat's bearish: - Rising Wedge pattern - Rejection of the 200MA - A decrease in volume in the last 2-3 trading days - Bearish divergence (red line) - Falling wedge pattern on the VIX (image in the comment) This is a pure technical standpoint, it has nothing to do with fundamentals or the market sentiments Me: Hello I started with stocks 1 year ago. After analyzing many charts, I have accumulate more experience than a newb. Now I'm a newb+. Pls feel free to give me feedback
CME_MINI:ES1!
by gmurugneux
SP500 MF-H4-RISING WEDGE IN PROGRESS !4 HOURS (H4) A RISING WEDGE is in progress on the 4 hours chart. 61.8% Fibonacci retracement @ 4'718.25 filled early in the morning and since then the SP500 moved in a sideways price action in making a first DOJI before the last ongoing candle. The recent "corrective" rally failed to recover above the H4 clouds resistance which are slightly above the 61.8% Fib ret previously mentioned. IMPLICATIONS OF FURTHER DEVELOPMENT (rising wedge breakout) : A) Validation of the rising wedge by a downside breakout of the 4'690 level on H4 closing basis Technical target @ 4'587 (roughly the former low and potentially a double bottom pattern !) B) Invalidation of the rising wedge by an upside breakout of the clouds resistance area which would open the door for higher levels towards the former ATH above 4'800 (potential major strategic double top !) Watch shorter intraday time frames to get more clues and validation or invalidation of what has been previously mentioned. Watch also the daily closing level as the Mid Bollinger Band is currently @ 4'707 and a failure to close above that level would also be an additional warning signal putting the focus again on lower level towards the D1 Kijun-Sen @ 4'665 Ironman8848 & Jean-Pierre Burki
CME_MINI:ES1!
by Ironman8848
Fetch.AI FETUSDT - Elliott Wave +Ascending Channel breaking out!- Impulse Elliott Wave has been completed with 5 successful waves. - Now the main ascending channel is being destroyed by bears. - Looks like the bull market is over for 90% of all altcoins. - Only few altcoins can survive long term, maybe FET can be one of them, but we need a correction first before another push to the upside. - HODL Is a bad strategy for altcoins, HODL can work only with Bitcoin. Altcoins need to be traded instead.
Short
by UnknownUnicorn2537518
9
BITCOIN - MINI BULLISH RALLY?Hello all, Couple of weeks ago the bitcoin has cracked below the very strong long term support. Also, right now the price is at the very strong long term structural support and possibly the (blue) support line of the rising wedge pattern. Thus there are good chances to trade bitcoin in a long setup up to 72,000 USD. This price is on the crossroads of the resistance line of the rising wedge and the long term support/resistance line. I am planning my entry as follows: Entry around 40,000 USD SL around 39,000 USD 2nd TP around 72,000 USD 1st TP and scale-in around 52,000 USD Good luck! Please, like & subscribe if you liked this idea! Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making any trading decision. Cheers! :)
COINBASE:BTCUSDLong
by Barysbyek
Is 100k still in play? A rising wedge forms when the price’s movement consolidates between two sloping trend lines collectively displayed as a triangle. These sloping lines are basically support and resistance levels that move in a converging pattern (the lower line is the support line, while the upper one is the resistance line). The support and resistance lines both point towards an upwards direction. The support line usually has to be a bit steeper than the resistance one. The lines are constructed by connecting two or more separate highs and lows. Bearish cross on the KST. Bearish cross on the Williams Alligator. If the lower trendline doesn't hold 20k is likely the next support level. If the lower trendline does hold 80k is the next higher high in the long-term trend, sell at the upward resistance. It's hard to consider this an ascending triangle but I've drawn a dark blue line to represent the horizontal resistance, it's moderately crude
COINBASE:BTCUSD
by ScotianBot
2
Polygon MATIC falling into a nice entry zonePolygon is in an accumulation phase since the downfall in may 2021. Last time we stated that this coin is a nice buy in the 2$ region. That's where we are now and it still looks like a nice pickup zone. The RSI dropped a little bit below the triangle and we expect it to bounce back into it within the next weeks. The bullmarket supportband is around 1.8$ and usually acts as support within a bullmarket. Currently around 7 billion MATIC tokens out of 10 billion possible are in circulation. This is ok from an inflation standpoint. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
MLong
by tumbler55
*2022 BEAR MARKET*Good day my fellow traders! BTCUSD pair has broken its final support and has entered bear territory as stated in my previous idea. As you can see in the chart on the 3week timeframe, the pair was trading in a massive rising wedge and has broken to the downside with a target pointing towards $17k. The 3week chart is a longer timeframe and gives me a more extended view on future price action. This data leads me to believe 2022 will be a BEARISH year, not just for crypto but with stocks as well. Clearly we have a bearish divergence on this chart and I've discovered similar bearish divergences on several major stock indices. Recession? Disclaimer: I'm NOT a financial adviser...just a regular "joe" voicing my opinion :) Peace Love Money ;)
BITSTAMP:BTCUSDShort
by NoMi_Kidd
Potential Handle formingThe breakdown from the Rising Wedge happened a little sooner than expected (see linked idea). From here I'm expecting a short-term bullish move off the 50 EMA and then a retouch of the SUPPORT-TURNED-RESISTANCE line. From there I'm expecting the "Handle" of the Cup & Handle pattern to develop. I'll be looking for a buy opportunity at the end of the handle. Keep rising, keep learning, don't get discouraged. Trading takes patience. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
M
by mercury_rising
#ETHUSDT Ethereum Mid-term analysis on day time-frame..Previously Ethereum was in cup and handle pattern and perfectly broke out the resistance with good volume for hitting cup and handle's potential. Now after #bitcoin crash ethereum is holding cup and handle support between 3800 to 4000$ very well. Currently running in rising wedge. Both scenarios are explained in chart. Bullish scenaro: If Ethereum holds cup and handle support then we can see upward trend till 5k$+ in mi-term. Bearish scenario: If cup and handle support will broke then we can downtrend till 3k$. Main supports: 3.8k$ , 3k$, 2.5$. Main resistance: 4.8$. Do your own research before any kind of investment. This is not Financial advice. If you like my work kindly do like and follow.
by Furqannasir1
AUDUSD 1-2HHi folks! we made a massive profit on ETH $$$ just only following this pattern, so I caught the same pattern on AUDUSD today. Let's take a look at it. This bearish pattern here is a technically beautiful correction of a huge downtrend. As you can see the pattern broke out and already made a new lower low at this point. Now I will open a short position "IF" only chart makes an even smaller bearish rising wedge pattern which is the same as shown in the picture. So we got to wait for that signal.
Short
by lovestein
3