Wedgebreakout
Sell CHF/JPY Wedge BreakoutThe CHF/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 176.60, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 175.90
2nd Support – 175.30
Stop-Loss: To manage risk, place a stop-loss order above 177.30 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Sell EUR/CHF BreakoutThe EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9385
Target Levels:
1st Support – 0.9350
2nd Support – 0.9330
Stop-Loss: To manage risk, place a stop-loss order above 0.9410. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Alibaba - Finally The Trendline Breakout!Alibaba ( NYSE:BABA ) finally broke above the bearish trendline:
Click chart above to see the detailed analysis👆🏻
Alibaba is breaking out and the breakout is not unexpected whatsoever. For a long time, Alibaba has been hugging the resistance trendline and finally managed to fulfil its destiny. This could very well be the bottom of the bear market and the start of something big: new all time highs.
Levels to watch: $115, $80
Keep your long term vision,
Philip (BasicTrading)
WIF Stuck in a Wedge Pattern: Patience is Key For a BreakoutWIF is forming a very long but distinct WXYXZ wedge pattern, tightly confined within its channel. The structure is clear, with repeated ABC corrective waves confirming the pattern’s integrity. While the setup is clear, it suggests we may have to trade within the boundaries of the channel for now.
For those looking to trade short-term, focus on the key levels within the wedge, but be prepared to wait patiently for the eventual breakout—it could take time, but when it happens, it should be significant.
NVIDIA $NVDA | NVIDIA WEDGE BREAKOUT SOON - Sep. 20th, 2024NVIDIA NASDAQ:NVDA | NVIDIA BREAKOUT SOON - Sep. 20th, 2024
BUY/LONG ZONE (GREEN): $118.25 - $130.00
DO NOT TRADE/DNT ZONE (WHITE): $114.75 - $118.25
SELL/SHORT ZONE (RED): $103.75 - $114.75 (can be extended to $92.00)
Weekly: Bullish
Daily: Bullish
4H: Bullish
NASDAQ:NVDA looks choppy and very ranging, but is consolidating towards a zone that has been tested roughly seven times. Bulls should be looking for price to pinch and breakout above $118.25 towards the $130.00 price area, or bears can look for price to pinch and breakdown below the $114.75 level towards the $103.75 area. Bears can also look for price to drop to the $92.00 area that had started the previous bull rally. Despite my three main timeframes indicating a bullish trend, I would be happy with a fast move in either direction.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, spy, sp500, s&p, fed, federalreserve, fedrate, fedratecut, interestrate, jeromepowell, fedchair, 50bps, volatile, volatility, NASDAQ:NVDA , AMEX:SPY , nvidia, nvidiapricetarget, nvdatrend, nvidiatrend, nvdasetup, nvidialongs, nvidiashorts, NYSE:SNOW , nvdawedge, wedgepattern,
MYROUSDT Falling Wedge Breakout: Bullish Momentum BuildingMYROUSDT technical analysis update
MYRO recently broke out of the falling wedge pattern and is now bouncing off retest support. The key resistance lies at the $0.10 level, and once the price breaks through, a strong bullish move in MYROUSDT is expected.
Thanks
Hexa
AUDCAD - Technical Analysis [Short Setup]🔹 AUDCAD Analysis on 1H chart
- The current Trend is BULLISH
- There is BEARISH divergences
- Reversal pattern is present which is rising wedge
🔹 Trade Plan
- Entry Level = 0.93494
- Stop Loss = 0.93746
- TP1 = 0.93264
- TP2 = 0.93008
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
Like and subscribe to never miss a new idea! ✌🏼
ALGO is breaking out of the current wedge pattern.ALGO has just broken out of the wedge pattern that it has been in for a minute now, and is looking like it could be getting ready to run. It's likely to go the .15 range, retrace back down to the upper wedge trendline, then continue the move from there.
Good luck, and always use a stop-loss!
PDN weekly trendline bouncePDN on the weekly bounced off $8.
Initial entry fell through 9.50 PoC and support.
Price broke daily downtrend to follow the weekly uptrend signaling a potential ranging consolidation.
On 1H, price is making inner levels, watching for a retest of 9 for entry, or a break of 11 to confirm direction.
Refer to recent wedge action on FMG, similar weekly drop followed by strong BO of wedge pattern.
ETH: This May Be Your Last Chance Before Exploding to UpsideAs I mentioned in the previous analysis, Ethereum can experience significant growth after breaking out of the wedge, which indeed happened. Now, we can set the target at 2800. If this zone is broken, the price can reach the top of the megaphone pattern.
Previous Analysis
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
The XRP monthly chart is looking absolutely incredible!The XRP monthly chart price action is wicking outside of the long-term trend line for the first time since establishing the second point of contact. This could be a sign of very good things to come!
Good luck, and always use a stop-loss!
SHIBA looks to be finally gaining some ground!After three wedges failed to produce a breakout, and with price action continuing downward, creating a very defined price channel, SHIBA has, for the first time since forming the massive breakout flag pattern, broken out of the current wedge to the upside.
This could be a sign of good things to come!
Good luck, and always use a stop loss!
Wedge Pattern breakout in BANDHANBNK for 225+ TargetsOn 1 Hour Timeframe, Wedge pattern formation occured in BANDHANBNK. It indicating breakout of resistance level near 208 level in this stock. After breakout can go long above 208 with small stop loss at 204 for target of 218 to 225 for upcoming few trading session. This setup will fail if BANDHANBNK starts trading below 204 level after breakout.
a quick position for eurusdhello guys.
as you can see eurusd made a rising wedge and broke it.
the target area is obvious!
We can get a long position in the retracement area!
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Broadening Wedge Pattern in JKCEMENETOn Daily timeframe, Broadening wedge pattern breakout occured in JKCEMENT near 4600 level. after this breakout expected strong upside rally upto 5016+ level with intermediate target of 4800 in this stock. This breakout will fail if stock starts trading below 4450 level.
ALGOUSDTALGOUSDT has given a clean breakout of falling wedge. Will this breakout sustains and will bulls push the price even higher ?
Sell AUD/USD Wedge BreakoutThe AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.6584, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.6525
2nd Support – 0.6490
Stop-Loss: To manage risk, place a stop-loss order above 0.6610. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
NOTCOIN→ just a hunt candle!hello guys...
let's analyze NOTCOIN!
1. Descending Wedge Pattern:
- The chart shows a descending wedge pattern, which typically indicates a potential bullish reversal.
- The price has been consistently making lower highs and lower lows, but it is approaching the wedge's bottom line, suggesting a possible breakout if buying pressure increases.
2. Support and Resistance:
- Support (Hunt Area): The price recently touched the bottom of the wedge and the labeled "hunt area," which indicates a potential support zone where buyers might step in.
- Resistance (Gray Area): The price is approaching a resistance zone marked in gray. A close above this area could trigger a move higher toward the top line of the wedge, around the $0.0145 level.
3. Potential Scenario:
- If the price closes above the gray resistance area, it could move upwards, testing the top line of the wedge.
- If the price fails to close above this area, it might continue to trade within the wedge or test the support levels again.
4. Bullish Outlook:
- A breakout above the top line of the wedge would be a strong bullish signal, potentially leading to a significant upward move.
Summary:
- Watch the Gray Area: A close above this could signal further gains.
- Potential Breakout: A break above the top line of the wedge could confirm a bullish reversal.
- Downside Risk: If resistance holds, the price may continue consolidating or retest lower support levels.
Keep an eye on the volume and market sentiment for more confirmation.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
BTC Wedge Approaching 3 Targets3 Targets derived from the rising wedge that developed into the Trump Speech looking for a final low before the Bull Run can begin.
1) Rising wedge target ~57k lining up with 0.786 fib of that move.
2) Bear pole leg into the rising wedge gives us target 2 around 52K if 57k does not hold.
3) More unlikely we go this low but ~49k for the entire bear pole leg going into the wedge as target 3.
Buy EUR/USD Wedge BreakoutThe EUR/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.0842, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.0881
2nd Support – 1.0902
Stop-Loss: To manage risk, place a stop-loss order below 1.0822. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Uranium X ETF break out - BullishA descending wedge in an uptrend has led to textbook breakout with Uranium X ETF ($URA)
Could be a retest though at 20.50
Weekly chart has been used
Long on LLCLLC is currently in a descending wedge with bullish RSI divergence and has a nice crossover on the MACD, it has not had a breakout yet but will look for a little 10% move to the top of the wedge. Also looking for a gap fill but will see what it does closer to resistance at the top wedge. Good luck 🍀
