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Wedgebreakout

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
by Wickalodeon-GhostProductions
Bitcoin Battling With Final Resistance Before 64k - 75kThe price of the asset bounced from the 53k level, broke out of a falling wedge and is now facing stiff resistance at 58k. IMO, once we cross above the current horizontal resistance, we will have little to contend with on the path to 64k and ultimately a new ATH at 75k. Also notice the series of almost identical falling and rising wedges and how effective they have been in producing strong price reversals. Both RSI and MACD support further upward movement. See you at ATH folks! Finally, this is just my personal view of the market... DYOR!
BITFINEX:BTCUSDLong
by Commodore3
$AMC - Weekly Swing Trade OpportunityWe've got a very simple trade thesis today! AMC has been consolidating for the past five months after it's insane run to 72$. After such long consolidation, we're finally nearing the end of our wedge, meaning AMC is primed to make a large move to the upside OR downside. I will be eagerly eyeing this ticker, and will play a break to either direction as I've got no personal biases. Regardless of the direction, the move will be explosive. Have your alerts set!
NYSE:AMC
by FluxTrades
WISH - Possible a rebounce today. 1H chart RSI oversoldHi All, my main 3 take-outs from this analysis are the following: 1- The hourly chart shows RSI in oversold territory with high chances of a rebounce 2- Price might be retesting the resistence at arund 4.60$ in the next days 3- Still valid the possibility of an upward breakout of the descending wedge shown in the daily chart Not a financial advice, just personal opinion. Do your own due diligence and good luck!
WLong
by FrancescoMerlettini
3
BA Weekly Options PlayDescription BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume. We'll be looking for this move to continue. Related idea linked, almost entered on friday, but didn't quite cut it. Using A call debit spread, because profits are always limited by time. Call Debit Spread Levels on Chart SL is a daily close back in the wedge. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/19 235C SELL 11/19 255C R/R & Breakevens vary on fill. The long call is placed ATM for higher chance of profit, The short call is placed at a reasonable expected level of price within the expiration time. The front-week options play is to capitalize on a swift movement following the break. Manage Risk Only invest what you are willing to lose
NYSE:BALong
by BarnardR
BA Breakout and My Trading PlanBoeing is looking to breakout the downtrend here. It has been doing this pattern and breakouts ever since the covid crash and we have another instance here. BA has consistently been creating these downward wedge patterns and breaking out. With the increase in vaccinations and covid issues starting to decline, and businesses and travel opening back up, this could be the catalyst that BA needs to start going back up. The USA also are now allowing vaccinated foreigners into the country which is huge for tourism. I will be playing the gap fill at around 230$ - 235$, which would be my TARGET #1 There is also GAP #2 at around 245$ which could be the second target if it breaks the 230$ and the 240$ BEWARE: we did create a gap below, and is very possible that we fill that gap below before we can rip higher OPTIONS: I would take a month out, if more for these contracts. The Dec 3rd have decent open interests on the 225C and the 230C DEC 17th look the best however with over 10k Open interest in many different contracts. GOOD LUCK!
NYSE:BALong
by GringoRiley
PAR: BREAK OUT WATCHPAR: NEWS: PAR Government Systems Corporation , a wholly-owned subsidiary of PAR Technology Corporation (NYSE: PAR), today announced that it has been awarded a $490,400,000 ceiling, single award, indefinite-delivery/indefinite-quantity contract with cost-plus-fixed-fee completion and firm-fixed-price type orders for Counter-small Unmanned Aircraft System software, hardware, and technical documentation. This is the largest single contract award in PAR’s history. TECHNICALS: The price has been in a range for a few months, forming a kind of giant wedge (if you consider the lower grey line) or descending triangle (if you consider the blue line at 61). We have a strong support at 61. I'm looking for a break above the 1st resistance (grey line) and will most probably enter a long swing position once we break out. Let's see! All the targets/levels are on the chart (blue lines). Trade safe!
NYSE:PARLong
by Elpidaldo