SAWAD|Powerful 3 Drive Harmonic Breakout|Med-term Buy SetupSAWAD | Thailand SET Market > Financial Sector | Price Action & Chart Pattern Trading
> A powerful breakout from weekly timeframe 3 drive harmonic pattern
> Med term run trend ENTRY position with an estimated minimum target of 3 drive harmonic pattern
> RSI bullish signal crossover MA above 50.
> MACD golden cross signal above baseline
Trade with affordable risk ratio 3.5:1
Always respect your stoploss
Good Luck
Wedgebreakout
BBIG on a breakout? Testing 200 MA?Wedge 1, retracement after run up, break out of pattern using underlying support, bounce off 200 MA, 12/26 EMA crossover, run up
Wedge 2, retracement after run up, breakout of pattern using underlying support, bounce off 200 MA, 12/26 EMA crossover, run up
Wedge 3, retracement after run up, breakout of pattern using underlying support, 12/26 EMA cross over possibly coming, this time trading under 200 MA
200 MA major resistance but a break above is BULLISH to me - look for golden cross if bulls maintain control.
Wedge pattern breakoutSo we just broke out and about to follow through with a retest of the rejection level. Price has been grinding downward for quite some time so it is likely a nice pullback or momentum shift that is about to occur. I have profit levels set in the picture as well as entry and stop loss levels. Good luck traders.
SIMAT | Bullish Wedge Breakout | Entry @ Pullback PositionSIMAT | Thailand SET Index | Price Action & Chart Pattern Trading
> Falling Wedge Reversal Pattern - Breakout with strong momentum candlestick
> Entry @ Pullback position - strong resistance volume on top of breakout candlestick
> RSI bullish cross up MA line above 50
> MACD bullish signal crossing up baseline 0
Trade with affordable risk ratio 3:1
Always respect your stop-loss
Good Luck
Bitcoin DivergenceHello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
BTCUSDT :
bitcoin was printing a descending wedge and meanwhile, a divergence between the price and MACD was seen.
the price reacted to the very important support zone and then, braked the descending wedge pattern.
A short term rising trend is possible.
I determine the SL and TP for a good R/R ratio.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
Ford of the EDGE of a Breakout!F
Ford is on the cusp of a breakout to the upside IMO:
Sitting above its:
(3day Chart)
20/50/100/200 MA
12/26 EMA
(3day Chart)
MACD strengthening the last 2 trading days (was about to flip but did not)
Currently breakout out of its wedge for the past 1.5 months
Recent consolidation in the 119-20 has been broken
Ford yesterday (1/3/22) reached price levels that it has not seen in 20 years!
ALL NEWS IS POSITIVE on Ford -with the exception of overall car sales not rebounding to expectations in 2021
Ford has reissued dividends
Insider buying > selling
Ford bumping up production of the fully EV F-150 Lightning
seekingalpha.com
SXPUSDT is testing the daily resistanceSXPUSDT is testing the daily resistance inside a falling Wedge.
IF the price is going to have a breakout from the daily resistance and retest as new support, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
GJ pullback imminent.. longterm bullishFrom my analysis this is clear as day an ascending wedge on GBPJPY. I'm expecting a pullback (IF price doesn't break 156.000 resistance retests and proceeds bullish)
The bullish run looks to be exhausted from the wedge forming. From my experience it has to pullback to continue.
Overall, my analysis indicates a pullback starting the new year but looking bullish for the longterm of 2022.
Check it out let me know your thoughts. May 2022 be the most prosperous and successful year yet for you all!
IRPC | Bullish Wedge Breakout | Target for uptrendIRPC |Thailand SET Index | Energy Sector | Price Action Trading
Price Action | Bullish Breakout
Chart Pattern | Reversal Wedge
Indicator:
> MFI - Money Flow-in support
> RSI Bullish Signal
> MACD golden cross - crossing up 0
Fundamental Factor: Oil price bullish trend
Risk Ratio: 3:1 minimum
Always respect your stop-loss
Good Luck
$DOCU - Coiling Under the GapThis ticker has the potential to make an extremely explosive move over the coming weeks. Price is slowly and steadily increasing while also tightening, meaning we're due for a move.
I'm biased to play this name towards the downside, but the volume gap above CANNOT be ignored. A break of 164 can aggressively send us upwards for the gap fill, resulting in some INSANE profits.
Will keep this one on the watchlist, and will let price dictate how I play it.
BTC / USD - Failed HS & Wedge Breakout Targets 80-84k -> ~100kBitcoin formed a head and shoulders on the daily and failed to materialize, providing us failed head and shoulders targets around 80-84 and 100k.
We can back up confirmation of our failed HS by where we stopped along the initial correction after moving up, right at the top of our left and right shoulders.
A secondary confirmation of the overall move was when we got a breakout of the wedge that had been forming, which also provides near identical targets.
A tertiary confirmation was just recently received when we successfully re-tested the top of the wedge that we broke out of.
Finally, provide these targets with fibs for confluence and everything lines up within the ranges drawn inside the red boxes shown on the chart.
*** Potentially, if we can actually make and break 100k, a stretch target (2x the length of our failed HS and/or our broken wedge) comes into play around 122k or so. ***
Best of luck with your trades, let's see if this bullish scenario continues to play out as suggested.
Other recent bitcoin ideas are linked below.
Thanks for reading!
$ETHUSD WEDGE REVERSAL$ETHUSD next Target PT 4,500-5,000 and higher
Potential Returns +28.40% and higher
WYCKOFF RE-ACCUMULATION WITH BREAK OUT
Fewer lower highs and lower lows
Breaking out of resistance with reverse pattern
SUPPORT AND RESISTANCE
WEDGE REVERSAL
SUPPORT LEVEL OF CONSOLIDATION
First resistance level of 4,000 was broken and bullish reversal was indicated
As a main target we can take next strong resistance to PT 4,500-5,000
$SHIB falling wedge breakoutSHIB is showing a potential falling wedge breakout.
MACD Crossover and RSI downtrend line breakout.
Looking good here if we see a close above that 0.000035-0.000036 area. Targets would be the 0.000048 to 0.000063 area.
This is what I'm seeing personally and as always do your own due diligence.
EURUSD WedgeThere is a wedge formation on the 4h and 1h on EURUSD. I will not predict which way it will breakout, as I am a reactionary trader and neither I nor anyone can predict the future. However if it breaks under or above support/resistance AND closes, then I will execute a trade in that direction until it reaches the next support/resistance.
DO YOUR OWN ANALYSIS, DO NOT EXECUTE A TRADE JUST BECAUSE A STRANGER ON THE INTERNET HAS A COMPELLING ANALYSIS>
HAPPY TRADING AND BE CAREFUL :)
Thanks,
Richard Blake
EGLD 4h Falling Wedge PatternFrom my analysis it seems we might have a falling wedge pattern indicating a reversal in trend.
Keep in mind that it depends also on BTC at this point that still influences the market.
If all works out a good entry level would be after $287. Wait for confirmation.
Good Luck!