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Wedgebreakout

Nifty Weekly AnalysisNow Nifty forms a Descending Broadening Wedge pattern and also near to key zone which is the previous level of support and resistance its took support in this level but still its doesn't took a pattern support my assumption is 1. Took Key Level support and Give a pattern breakout 2. Took key level support and also took pattern support and then the market turned into bullish mode 3. Rare possibilities are its broke the key level + pattern low line then the market goes into the sell zone
NSE:NIFTYLong
by Karthik_Dhandapani
BTC 34-35k Rally, Crash AfterIm speculating that Bitcoin will make a short rally into the 34-35k zone. Once it hits this zone I believe we will see the bears takeover, this wedge setup that is being created backs up my idea. Along with BTC rising to 34-35k, we will see a short increase in SPY, QQQ, AMZN, TSLA, and other major companies. After this short increase I honestly think the market will crash... stocks and crypto. I will be heavily shorting SPY, BTC, and US30 once the market rises towards the zones I have set. BTC: $34k, SPY: $415, QQQ: $315, AMZN: $2700, TSLA: $820. US30: $34k. With inflation increasing and home prices rising, I see a market crash coming... who doesn't lol.
COINBASE:BTCUSD
by BigCEO2022
Google Price Target $300 (after split) More than Double!Technical Analysis: -Bouncing off bottom of Bullish ABCD Pattern -Breaking above top trendline of downward trending megaphone pattern -MACD & RSI curling up out of oversold territory. -bouncing off Demand Zone created May 2021 Fundamentals: -Tech goes up when interest rates aren't going to rise as much as thought PE: 20.99 -New Watch to pull from Apples market share, Google Lens progressing integration w AR/VR -Youtube moat growing -Adwords valuable targeted ad spend for large & small companies. -Drive increases cloud revenue -Best robotics & AI company Current : $2321.01 = $116.05 post split PT : $300 = $6,000 pre-split '19 Q3 Earnings: $15.35 Price 1 wk later: $1,534 (NORMAL) '22 Q1 Earnings: $30.69 Price 1 wk later: $2,700 (UNDERVALUED)
NASDAQ:GOOGLLong
by Lemming95Billion
4
GRTUSDT Ready for the breakout?The price is testing the demand zone on 0.26$ below the monthly support on 0.29$. On the daily timeframe the price is creating a descending channel, and now the price is creating a falling wedge inside it. How to approach it? We need to wait the clear breakout from the supply zone at 0.35, where the market has the dynamic and static resistance. IF the price is going to have a breakout According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
AirBnB breakout in the worksHello Friends! AirBnB had a great earnings report and seems to be leading the way in travel. There might be a good trade in the works to break to the upside (wedge breakout) to it’s 1st resistance of $174.52. If it can hold above that level, I think it might have some steam to go after $189.41 and $204.96. These days good news can flip to bad news overnight, trade with caution. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
NASDAQ:ABNBLong
by MoneyFishing
4H timeframe: forming a falling wedgeBitcoin broke the trend line support. But the question is: Is this a breakdown or a trap? This breakdown cannot be confirmed at this time. On the other hand, it can be seen that Bitcoin has formed a falling wedge pattern. The TSI indicator also shows a positive divergence. Looks like this could be a trap and there is a possibility of a break-up of this wedge. In this case, you can expect a local top. To confirm or reject this hypothesis, one must wait for the wedge pattern breakout
by cryptoonchain
Bitcoin short-term view - BTC in rising wegdeBitcoin short-term view - BTC in rising wegde A breakout to the downside more likely - target can be $36.890 - a volume support from January. Would be interesting to see the reaction at $37.300 - the important monthly price level (see my other ideas and tweets). But maybe now its time for another Crypto surprise. Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
COINBASE:BTCUSDShort
by Crypto4Everybody
ENJUSDT is creating a dalling wedgeThe price is testing the daily support on 1.3 inside a falling wedge after a rejection from the 4h resistance. Daily support is a key level. On the bigger picture, we can spot a demand zone above the weekly support on 1.176$ How to approach? the price could have a pullback until the previous 4h support now resistance on the dynamic resistance as well. If the price is going to have a rejection, we could see a new bearish impulse until the weekly support. The scenario is going to invalidate if the price is going to have a clear breakout above 1.4 ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
2
LUNA/USDT : Moving into a formed falling wedge ! BINANCE:LUNAUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $LUNA has formed a falling wedge which is bullish in majority; But as we all know, The leading bias on market is bearish. Also $LUNA is moving above a critical S/R zone and it's important to hold! That's why the chart comes up with two possible Scenarios... 📈 Bullish Scenario : If $LUNA breaks above the wedge, Then the terms for bulls will comes up with a bullish continuation; But it need to break above the $92's S/R line for further movement! - You can locate your Longs on a proper retest of $92's broken line towards $98's resistance zone. 📉 Bearish Scenario : If $LUNA breaks below the wedge, Then the terms for bears will comes up with a bearish continuation; Also on the Wedge's rejection, We'll face the S/R zone's rejection neither. - That makes this opportunity for Traders to located their Short on a proper retest of broken points ( Wedge or Zone ). Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
22
EURO - Wedge to a bull trendEURO - Wedge to a bull trend hello everyone As I have mentioned before In my previous analysis, we have a wide divergence and we can have a reverse pattern by the end of the week ( double bottom ideally). I expect to see a good bull bar with almost no shadow on ether side on daily. The last week's candle closed with a long shadow and a small bear body that can be the end of selling pressure hopefully. our resistance level is 1.09$ and our support level is 1.078$, and I expect to have the price touches our resistance level by the end of this week.
by HubAlgo
Descending Broadening WedgeBrent Crude Oil has fallen quite far from its yearly high of $135. That was almost two months ago. Ever since the price crashed down to $100 in less than two weeks from the high, the price has been swinging very nicely between Fibonacci levels. I had done some analysis of that in a previous post. However, today I will be analysing two chart patterns that have formed. The first that has already broken out is a flag. This is a specific chart pattern that forms after there has been a quick steep price rise (pole) and then a consolidation period (flag). The second is a descending broadening wedge. Ideally from my learning, you want the flag patterns and any chart patterns to be on the daily timeframe. That is how I learnt it, I have had some success trading chart patterns on a short timeframe and I have largely seen other people do the same. However, I don’t know if this is just luck or actual trading. So, I will still use them just for educational purposes so that you may know what would be the case if it was on the daily or weekly frame. The flag pattern has already broken out so there’s no point in analysing it apart from getting a price target: Difference between bottom of pole ($99.938) to the top ($107.086) = $7.148 * 0.46 (percentage meeting price target) = $3.28 Add that to the bottom of the flag ($106.003) = $109.29. The Flag pattern has already broken out and reached its price target. So the main focus will be the Descending Broadening Wedge. Breakeven Failure Rate for upward breakouts: 18% Average Rise: 32% Throwback Rate: 62% The bottom of the pattern has found support at the 0.62 Fibonacci level. The price, ideally, should touch (not cut) the trendlines five or more times. A good split between the two trendiness. That isn’t really the case here. However, the volume has been trending upwards. This is of course ideal. The price target for this pattern is quite simple for upward breakouts, it's just the peak. So that would be $110.632. This trade may be a quick one, however. The pattern has formed between two Fibonacci levels so the price may rebound once it hits the upper level. Also, as you can see from the Stochastic RSI (upper Indicator on the bottom) a bullish cross over has emerged. Also, the MACD (lower indicator on the bottom) could possibly be closing in on a bullish cross over. Well, this is a bit embarrassing because by the time I finished my analysis the pattern broke out and reached its price target haha.
OANDA:BCOUSDLong
by BlackbearTrader
XRPUSDT > The Perfect Place for A Buy.Analysis of #XRPUSDT XRPUSDT established very well defined support trend lines and resistance trend lines if the market falls down to test the support level near 0.600-05500 we can then trigger a long-term buy entry. however if the market rally and break above 0.9500 we can also look to enter in the direction of the breakout as well ⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis. ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your continued support!
Long
by TheTradersAvenue
4