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Rising Wedge

EURUSDEURUSD right now is at really crutual level. Blue line is previous support level on 1D TF But as you can see price right now has reached top of a daily falling wedge and top of 4h rising wedge which is also at fib level 0,786 Plus this 4h falling wedge is a corective wave (ABC). I see a possible way down from here to test bottom of daily wedge, but EURUSD looks really bullish now, so it can break the top. Only way to know how this one turns out is waiting, as usual. I have a open sell on it, but to be honest it can go both ways from here, so if you are shorting EURUSD, keep your SL close. Good luck!
by EdgarsFX
USDJPY BEARISH BREAKOUT CONTINUATIONLast week USDJPY price reached a key weekly resistance cluster. Bears started to push and today they managed to violate a rising parallel channel to the downside. Such a bearish breakout may trigger a strong bearish continuation up to 112.10 Support zone. USDJPY was trading in a rising wedge as well,but the pair hit a strong horizontal resistance And after trading below the level the price broke out of the wedge to the downside After a retest of the broken level and the supply area above we can see a strong bearish move down! Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. 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 such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
Less room for movement, Ascending Wedge NFLXHello everyone! A rising wedge is commonly know as a reversal pattern, I'm looking to short NFLX once we reach the resistance zone in this rising wedge. Even with all the hype from Squid Game numbers and positive earnings, price is not moving much as weeks before. Today Oct 19 NFLX rise in post-market trading to the 663 (wedge resistance zone) and pullback immediately, coincidence? Just an easy setup, remember to have a stop loss! Not a financial advisor, just my personal idea. Enjoy your week.
NASDAQ:NFLXShort
by JoelCupeles
VET - weekly chart analysisVET has broken back ABOVE its massive Symmetrical Triangle and has so far successfully tested it as support on this 1w timeframe. VET needs to 110% CLOSE this weekly candle ABOVE the Descending Trend-line of the Symmetrical Triangle. Note that VET is still safely above its Longterm Upwards Trend-line (Ascending Dashed Line) on this 1w timeframe. VET is still above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that VET has room to move up before hitting the Bollinger Bands Upper Band on this 1w timeframe. VET is still above its Least Squares Moving Average (LSMA) for this 1w timeframe. For this indicator, ABOVE the LSMA is a potential ‘BUY’ and BELOW the LSMA is a potential “SELL’. Note that VET is still above its Volume Profile Fixed Range POC for the fixed range of 5 weekly candle that i have selected. Note that Volume has increased slightly but note that the Volume Bars are still Below its Volume 20 Period MA. I have added various support and resistance areas on this chart and you can clearly see the interaction with theses area. Note that VET has found some resistance from its first resistance line. The Average Directional Index (ADX DI) is indicating that the trend strength is sideways but strong with the ADX (Orange Line) at 22.69. Note that the 9 Period EMA is above the ADX at 25.38 but is dropping. The +DI (Green Line) has dropped slightly to 21.79 but the -DI (Red Line) has also dropped slightly to 14.34. This indicates both positive and negative momentum has dropped slightly. We will potentially see a massive move upwards if the ADX (Orange Line) crosses back above the 9 Period EMA (Black Line) if the +DI (Green Line) is still above and moving away from the -DI (Red Line) on this 1w timeframe. The OnBalanceVolume (OBV) is indicating momentum is sideways within a range. Note that the OBV (Blue Line) has crossed back above the 9 Period EMA (Orange Line) indicating upwards strength on this 1w timeframe. The Moving Average Convergence Divergence (MACD) is indicating that we have had the MACD Line (Blue Line) cross back ABOVE the Signal Line (Orange Line) on this 1w timeframe. Note that the MACD is still in the Positive Zone above the 0.0 Base Line and note that we have had our first proper Green Histogram for the first time in 7 weeks. I have also added a Trend-Based Fib Extension to show some potential FIB levels if VET continues the upwards trajectory on this 1w timeframe. VET is also in a very thin Rising Wedge Pattern. VET needs to invalidate this bearish pattern by breaking back above it and successfully testing it as support on this 1w timeframe. What is interesting is that the Rising Wedge takes us right up to the 4.236 Fib Level at $0.5147. This is something to keep an eye on on this 1w chart. Note that this chart is looking at the longterm without taking into account what is happening on lower timeframes, which you should be watching & analysing as well. All in all, VeChain is looking great so it should be an interesting couple of weeks for VET providing BTC behaves herself. I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Blue squiggly line on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart 50EMA = Yellow squiggly line on chart Symmetrical Triangle = Converging ascending and descending black lines Rising Wedge = Ascending converging dotted lines Longterm upwards Trend-line = Ascending dashed black line. Support and resistance areas = Horizontal black lines with yellow shading
BINANCE:VETUSD
by entertheroach
1
Lowering the StakesI've listed most of my Technical analysis points on chart. Fundamentally the company has plenty of cash on hand to handle debt obligations for 12 months onwards, but the astronomical Valuation metrics (i.e. Price to Sales, Price to Book) when compared to traditional competitors such as Tyson Foods and Sanderson Farms indicate a high price premium. In addition the COO just resigned without a definitive reason which never bodes well for a company. www.marketwatch.com
NASDAQ:BYNDShort
by kingmidasLXIX
Bearish Rising Wedge in Indusind bankHello Traders. My view for NSE:INDUSINDBK is Slightly bearish to Bullish. As you can see rising wedge pattern is formed in the chart and bearish divergence can be seen in RSI. The stock has already rallied upto 50% of the fall after Aug 2018 and can respect the 61.8% level in coming couple of months which is 1350 - 1400 level. Before you invest please consult with your financial advisor. I am not SEBI Registered Advisor and I am sharing the idea for educational purpose.
NSE:INDUSINDBK
by Ami8singh
Rising wedge pattern in Ethereum* Ethereum in 4H time frame appears with Rising Wedge pattern. * Rising wedge occurs when the price moves between two trendlines forming higher-highs and higher-lows. The lower trendline works as support for the price and the upper trendline works as resistance. * Rising wedge appears with wide bottom and as the price moves higher the range becomes narrow. * Ethereum can test the lower trendline ( support ) and bounce back, but if it break the support we can expect a drop till below support zone.
by Coinpedia-Market-Insight
1
USDCHF MONTHLY RISING WEDGE USDxxx (CHF,CAD,JPY) have always been in a down trend which mainly means DXY is doing the same and if you know when to enter it could be very profitable. Clearly a BEARISH TREND on Monthly, Weekly the market shows a breakout of the YEARLY BEARISH TREND RESISTANCE LINE but never broke above the previous LOWER HIGH to confirm a trend reversal. After the trend breakout we see a 6 YEAR CONSOLIDATION! Just bouncing 800+ pips from support to resistance. As of JULY 2020 the market BROKE OUT the yearly consolidation and is now RETESTING around .9400 Im expecting continuation of trend to the downside watchout for sell setups and just fib TP1 .7200 TP2 .6000
Short
by Juju103
PolkaDot DOTUSDT - HUGE Secret Ascending Channel + New ATH soon- Polkadot is strong on the daily timeframe , as we can see. - The price broke out of the bullish falling wedge and now is unstoppable! - On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance. - Target top of the chanel or 1:1 fib extension on the daily chart. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - Due to my Elliott wave count, the correction is totally over and we can expect a higher prices! - If you want to see more of these ideas, hit "Like" & "Follow"!
KRAKEN:DOTUSDLong
by UnknownUnicorn2537518
1