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Rising Wedge

Ethereum Up or Down is the question?Hello Traders, As is it important to have a plan for both long and short positions as a trader, I wanted to give you a look at a plan for both up and downward price action. As you see on the chart there are two technical patters presenting themselves in the market structure. The first being a bullish cup and handle pattern and the second being a bearish rising wedge. I personally am leaning more on the bullish side as the whole market is bullish aside from the large cap coins which is normal if you note the photo of the I posted on the chart showing how money flows in the market. One thing that leads me to believe that the cup and handle is more likely is due to the fact a rising wedge has a characteristic of generally falling out of the patter with haste to find its target. The other is the bullish divergence shown in the chart on the MACD Histogram. As I always say, when in doubt chart it out, make a plan and pray it pans! Ironically we are sitting tight right between both entry points of each pattern currently. So I hope this brings a little more clarity to this indecisive time we are sitting in as well as makes finding a plan just a bit easier for you! I wish you all a very green week! ~Savvy~ [ .
by Savvythe1
1
LUNA has been in a Falling Wedge! now what is gonna Happen? LUNA has Formed a Rising wedge Pattern and Recently the Bearish Break out has happened. Normally we Expect the Price to Decrease to the Bottom of Falling wedge pattern. But There is a Hidden Bullish Divergence (+HD) on MACD which makes Us Think that the Price would Start a Bullish Wave From the middle of the Pattern! The chance of Hitting the EMA100 and Is Pretty high So the Price might Start the Bullish Trend From There! 🟡Summery: -LUNA was in a Rising Wedge -Break out has happened -Because of the (+HD) The Price might Start a Bullish Trend From the Middle of the Pattern -Chance of Hitting The 100EMA and Starting the Bullish Movement is High! 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
27
The rise of $CROWOW, what a time to be alive! I'm sure I'm not the only one that stayed up all night watching Crypto.Com Coin creep on up. I am in no way saying that I am getting out of this, vice versa will probably diamond hand it, because I learned my lesson on getting out early and trying to find a way back in. BUT... what's up with this pattern? I am seeing a rising wedge, meaning this could be a time to sell? Will we ever see the .60-.70 cent range on this again? Either way, I'm going to HODL- I would like to purchase more of this, trying to find a good time. What are y'all thinking?
COINBASE:CROUSDLong
by jointtothefuture
7
APPL, Are we to fear of loss now? Run my friends ! Ruuuuunnn!APPL is going to push up the whole market again ! Stock is beautifully inside a rising wedge and reacted well and nicely to 50 % retracement of last rally and possibly has started a new motive wave. Apple is now above the short term down trend line. I am currently in by taking out a minor high in hourly time frame and going to add to my position above 144.81 and 147.47 highs . It is average up in the right direction ( We should never average down in a wrong direction). SPX broke the short term down trend line strongly and NDX is going to break it soon. So generally there is no major risk in the market. We know the role of APPL in controlling the whole market. There is a nice overlap between top of the rising channel and 1.272 extension of last drop at around 163 USD which makes it our first target. But, we keep it in mind that we never sell our shares without a bearish sign in resistances. Just imagine the break out of the top of the rising wedge! I myself close all my position immediately in the case of loosing base of wedge support. We always have to trade objectively. We always have to ask ourselves : (( What if I am wrong? )). I lost the good chance of entry before, but market always offers more chances and I am not going too loose this one ! Wish you huge profits my friends.
NASDAQ:AAPLLong
by SaeedSajedi
9
NQ1! - Opex Week - Mr. Powell or Mr. BrainardThe Federal Reserve Chair will be assigned by President Biden before Thanksgiving. Will the announcement arrive during Opex Week? This is the wildcard in the market. NASDAQ found resistance, after a morning tech rally fueled by AAPL, TSLA, and MSFT, at the 2h MBB, returning to set-up at the 8 EMA. Two Bearish Patterns to watch in the form of a Rising Wedge and H&S. NVDA had great earnings for the sector leader. The 10 year note and BTC have consolidated, with the note sitting just under the 16 mark at 1.585.
CME_MINI:NQ1!
by Pennywick
BTC in a rising wedgeThere isn't much to say here if not the fact that if BTC will pump like it's supposed to that bearish DIV on RSI (and other indicators too) won't have much effects and probably won't play out. In Q1 many alts and BTC itself presented similar patterns + bearish DIV but bullish momentum kept the price going up resulting in just an extension of the bearish pattern. What I mean is, if BTC keeps pumping no matter what, we'll have this rising wedge growing bigger and bigger until we have a dump eventually. If instead the wedge will break in the short period you can see the major support zones there. I actually had others but I deleted them to make the chart more clear (I had another one at 56.9K for example). Notice the orange steep line, that is the major trendline, the worst case retracement would be hitting that one, but I'd definitely expect a bounce there. Even if I don't think we'd go there it's better to be ready for everything. I'll be away from at least 15 days starting from tomorrow so it's possible I won't be able to post updates soon. Good luck
Long
by Shotokhan
Bond yield fluctuations are the significant cause of AUD/USDThe Australian dollar has weakened over the last week, with the major causes being the strengthening of the US currency and the decrease in commodity prices. The rates on Australian and US bonds showed significant differences, but it was the US bond yield that eventually strengthened the US currency and weakened the AUDUSD. Last Wednesday, the US Consumer Price Index (CPI) was announced. Inflation in the United States has hit its highest level in three decades. This increased the treasury market’s sales demands. Early last week, the National Australia Bank Business Confidence(NAB) was issued, and it was higher than the previous round. Consumer confidence has risen as well. However, Australia’s Employment Change figures were underwhelming. The Reserve Bank of Australia’s latest meeting report will be released in the following week. However, it is unlikely to give the market any fresh information. US Treasury yields will be more relevant for the AUDUSD pair. It remains to be seen if the Federal Reserve of the United States will alter its monetary policy to combat the fast increase in inflation. ----------------------------------------------- Bull-Scenario: The AUD/USD is attempting to break through its rising wedge and retest its closest resistance level of 0.74100. If the bulls overcome, the next potential support/resistance level is 0.76000. Bear-Scenario: In contrast to this idea, if the bears acquire control of the market, the 0.71 - 0.71400 region may be considered as potential support/resistance.
Long
by VipForexLive
Will Facebook/Meta Flatform FALL to 309 ??? I am checking FB, H4 chart: - In the last time the Falling Wedge price pattern detected, price raised from 321 to 341. - The recent price pattern detected is Rising Wedge, 2 days ago. Price started to FALL from 335 and now moving around Support level at 324. - The next Support level is 309. Will it break the current Support level to FALL to 309? In this idea, I used Smart Pattern indicator to auto-detect pattern and Smart Vision Ultimate indicator to auto-calculate Support/Resistance levels.
NASDAQ:META
by live_indicators
1
Update on the market crash Duursma, Yuri. summary of the potential market crash 2021-2022 analysis + why •Short↘️🔻(waiting for the right time) written on: 20:26 Thursday, October 28, 2021 (updated on Wednesday November 10th) Central European Time (CET) S&P 500 Index (and the entire market with it) We broke out of a rising wedge a couple of weeks ago. On the 3rd of November, we broke back into the wedge. 2 days later on the 5th, we hit the top of the wedge, following with a rejection to the downside. so we are probably heading towards the bottom of the wedge. The rising wedge closes on $4880. And since there is an extremely high probability that a wedge breaks out towards the downside, the price will drop to arround $4150. However, I think that this event will cause the markets to panic because there are a lot of other factors that are causing problems in the markets. •Almost every indicator suggests that we are overvalued in the long term. 94% correlation between the Nasdaq 100 in the 15 years to today, and the 15 years to 2000. The S&P500 shows a 95% correlation. We all know what happened during 2000s, the markets collapsed. shiller PE ratio is at 40.14 on the day of writing this. The mean is at 16.88 and the median is at 15.86. 40.14/16.88*100≈ 238% 238-100= 138% This means that we are 138% overvalued. •The warren buffet indicator is telling us that we are strongly overvalued. The indicator sits at 218%. The exponential trendline suggests that a Market Value to GDP ratio of 120% to be fairly valued. •long term trendline warren buffet indicator: We are 71% higher then the long-term trend line. •We printed a ton of money during the COVID-19 period. When we had the 2020 march crash, the stock market recovered insanely fast, even when the economy was falling. The recovery happened because we printed so much money to support the company's (not because the businesses were performing great). --> •The markets are not based on fundamentals anymore: 1 million+ people dead due to covid? No problem, the market goes up by 30%. Millions of people getting unemployed in the US and the rest of the world? Not a problem, the market goes up by another 30%. Businesses declaring bankruptcy? It didn't matter. we just kept on going up. Almost every business was experiencing massive losses while their stock price was skyrocketing. •The inflation of the USD is at its highest point since the 90s (also higher then in 2008) (5.4% at the moment). And normally the inflation grows slowly, but this year in particular the inflation has grown with a rapid rate. •evergrande is already starting to miss their payments. They have missed 3 payments so far. The rule is that you get a 30 day period to pay the bills of the missed coupons, when you don't pay back the bills within 30 days, a company defaults. When evergrande defaults, the everything bubble could definitely burst.A gigantic flash sell will happen when Evergrande defaults that can have great consequences for all economy's. But wait, its not only evergrande. its almost every Chinese property company that has massive amounts of debt. No one is talking about that. Debt *always* has to be payed back. •Evergrande still has to pay 305 billion USD. They haven't even paid of 1% of their debt. So who are the biggest bagholders of the $305B in bad bonds? --> There are several American and Canadian banks that Evergrande ows money to: First we've got the Royale Bank of Canada which has $46B in evergrande bonds with a market cap of $144B. If you were wondering why there was that weird after hours - the stock dropped 64% during AH in one day, but then they fixed the "glitch" and the price went back up. RBC looked worthless and this was just the real view of the bank's financial state when the bonds hit zero. •A lot of people think that China will help evergrande but most of the bagholders are in the US or Canada so why would China help them? •canadian tv reminding people that bank deposits are ensured. (The Royale Bank of Canada made this advertisement as well). •billionaire investors have a lot of cash on their hands. •Michael Burry and a ton of other famous investors predict that the markets will collapse. Warren Buffett has stopped buying new shares. •palantir warns people of a black swan event. •energy crisis in China and Europe. A lot of factory's in China are shutting down or slowing down because they have no power. •reverse repo has never been this high. $1.377,197 billion usd (that is more then a trillion!!!). The Fed's reverse repo facility allows big institutions - mostly big banks and money-market mutual funds - to buy securities from the Fed with an agreement to sell them back to the central bank for a specified price at a specific time. •fibonacci extension tells us that $4939.75 could be the end. •historic records amount of margin: When everyone is using a lot of margin in the markets, things can change very quickly for the worse, because their positions can get liquidated. If people with leveraged long-positions starts to get liquidated, more people start to get liquidated since the price has gone down even more. etc. etc. etc. (until the market has fully crashed). Not only that, retail investors are going to panic sell in such an event. the only thing that needs to happen for a trend reversal is a bad event. •Eliotte waves suggest that a big crash is going to happen. We are in wave 5 in the long term chart from 2008 until now. so the next wave will be a market correction. •October 29th could be really bad. Its the 28th at the time of writing this (the 29th in China) and evergrande still hasn't payed its coupons from 29 september. Which means that they could be defaulting very soon. they still owe 304 billion usd. *update* they defaulted 2 hours ago on November 10th 2021 (they payed the 118 million that had to pay on the 29th, 10 minutes before they were going to default). they sold 2 private jets. On march 23 they have to pay back 2.1B usd. If they were struggling with 118M, how are they going to pay 2.1B? which means that they can delay the payment to the 23th of april before defaulting. We can easily go down 35-50% to big support levels but I don't think these support levels are going to hold a crash like this.This crash could be a very big one. 80% or more is not even unrealistic at this point. We messed up so now its time to pay for our mistakes... Conclusion: the TA looks bad and so does everything going on in the world right now. If this ends up happening it will be a fantastic buying opportunity. The S&p500 could go 10% higher to the 5000s, but a crash is inevitable. If it doesn't happen this year, then it will probably happen in the next 2 years. Its a ticking time bomb. Its just a matter of time when all of this comes together and It *could* happen very, very soon. Do you really want to risk a 10-20% return when the market could fall 50% or more? You can cash out now and buy back 2x the amount of the shares after the crash. And get 2.5x the amount of shares that you could buy now.
SP:SPXShort
by Y_Duursma
8