Microsoft to move downwards Bad news today will finally be the catalist for the break of the rising wedge
Opened short at 211. 93
Stop loss 214. 82
Wedgebreakout
Breaking Trends!I laid down at 1:30 this morning at the underlined point. When I woke up at 6 the bigger circle had already took place.. many people in class missed and some got a little piece of it.
I'm glad I missed it, I seen the drop coming so basically most classmates broke even if they got in during this entire mess of 5 hours.. the waters are settling back down for now.
I predict price to rise up the lower trend line and fall thru floor again if not today then Friday(10/2) before noon.
What are your predictions?
ZEC trade setupZEC Halving coming in 47 days. Privacy coins narrative is coming back this quarter with people wanting their security back.
1. I will wait for more candles to see if $ZEC has really broken out of the resistance or whether it falls back into the wedge
2. $ZEC is forming a bullish flag with AB=CD and possibly it could stay above the resistance line for longer and converting the resistance into a support line.
3. Weekly Chart for $ZEC is very bullish - so it looks like its up for a 2x moonshot on weekly chart.
$JD Wedge Breakout Pull Back For Long Buyers$JD is forming a gorgeous wedge and is now attempting to pressure the top end (for the second time). If buyers can manage the run above wedge highs with conviction, there isn't much stopping the buyers from wanting a pullback to push higher again.
EURCAD - LongSo after seeing this trendline being respected, I am now looking to take longs on Monday as my risk trade.
Looking to play this to the upside, before the overall push back down the downside, but I think this hedge long will be really nice. Even waiting for a counter trendline breakout could be worth staying patient on.
NIFTY 50Case:1 - If CMP hits the level of 11170, then uptrend starts, buy and put the target level of 11300 to 11400
Case:2 - If CMP hits the level of 11170, then downtrend starts, sell and put the target level of 11025 to 10777
SPX500 Battle for control ongoingA bit of wedge porn today.
One of my favorite setups are these nested wedges but while these are bullish, right now we are sitting at a key support level at 3,230 after 3 weeks of sell-off so there could be some bearish momentum here. The smaller wedge is still forming so we shall see how this pattern ends up.
A daily close below 3,230 is certainly bearish while a break out above these wedges would be otherwise. I have made my personal bet but declaring neutrality for now until we see a confirmed breakout in either direction.
$GLD Wedge Fake-Break LowThe first break of a range type formation is almost always a failure. This can be amplified even more if that fake-break goes against the larger trend which, in this case, it does. Buyers have a LOT of reasons to look for continuation up and a higher low would be a great ticket to the show.
$PINS Wedge Breakout On Volume$PINS buyers broke above the wedge top and they did it with force. Hugely bullish bar closing on its high with very big volume to support the move. A lot of times there are inside pullbacks to retest the wedge before continuing so this area and back are of interest for buyers to press back up to larger structure targets.
Ascending Broadening Wedge on Daily for QNT/BTCAnother quick analysis, this time on the BTC pair for QNT. Looks like October is going to be an exciting month!
NZDUSD - ShortNZDUSD starting to show signs that we could start to see a push to the downside from here.
If we can hold below my level, I will take shorts risking off the highs.
Gold Wedge at APEX for Breakout!Hello Fellow Trader!
Gold (XAU/USD) has been compressing into a wedge directly above the previous all time high, which was broken after 9 years in August 2020.
The APEX of the wedge is fast approaching as traders and investors patiently await for the continuation break out.
Wedge patterns are generally a sign of trend continuation when broken to the upside, and when found above previous highs can become quite potent.
Key Points:
- Price holding above the 200 EMA
- Price holding above the 50 EMA
- 23.6% Fibonacci Support Clustering with Previous 10 Year All Time High and 200 EMA
- Flat pattern below breakout, once price retests 200 EMA, we have defined entry with risk below the pattern.
- Must watch price behaviour around the 200 EMA
- RSI hugging 50 mid-point
Key Levels:
Support – 50 EMA, 200 EMA, 1910
Resistance – 2016, 2085
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – 1930
Supporting Entry – 1950
Candle Reversals for entry
- Bullish Hammer
- Bullish Engulfing
- Bullish Piercing
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks below 1899.000 level, and violates the lower band of wedge– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry 1930 – Target 1 2016 = 2.75x Reward to Risk
Optimal Entry 1930 – Target 2 2085 = 5x Reward to Risk
Supporting Entry 1950 – Target 1 2016 = 1.2x Reward to Risk
Supporting Entry 1950 – Target 2 2085 = 2.5x Reward to Risk
BITCOIN Mini WedgeBitcoin is currently in a wedge on the 4 hour time-frame that could break either way.
Triangular Wedge PatternThe more number of support/resistance touching in the line is sign of waiting predictable of price movement.
VOC -long term breakoutOne to put on a watchlist for now is Vocus as it appears to be breaking out of a massive wedge pattern, for me there are two important levels to watch to confirm the strength and validity of a new potential long term trend - the 3.80 level, a breakout and retest of this level would be a long entry for me, taking half profit at 4.90 and let the rest run. If you want to be extra safe/certain it would be ideal to wait for a breakout and retest of 4.90 as this would be a crucial breakout area.
Just my opinion
Rising Wedge In FlexacoinI've found a clear rising wedge in FXCBTC which is a very bad sign and id guarantee will fall a decent amount
COOPThis thing just does not notice overall correction.
Unusual options activity: high volume, 98% calls
Nest target 24
TCS on Perfect Buy Setup !!!TCS has given a breakout from the Lower Wedge with volume and is sustaining .If Market breaks the High of 2350 it will make a new High .If Market Opens Bullish on 07/09/2020 then can enter Long Position with First Target @ 2360 and then can wait as per the reaction at that level.
USDJPY A short then Long break out?!Here we have a wedge pattern with a break out due, we believe the pair will test the trend line , retreat back to the base of the trend and with US soon to have a response to its weakening position a sharp break up. This is a weekly prediction.
Trade idea for CHFJPYWe can see that the price has broken out of the trendline and that there was an SHS pattern.
Let me know in the comments what you think of it and what your idea is for GBP/USD
If you like the idea, don't forget to give it a like
If you have any questions, feel free to PM me
Falling wedge is formed, chance for an uptrendAs we see the pair is still on the uptrend side as the falling wedge pattern is formed on the chart. There remain a good chance for an uptrend market. Let's see!!
Bull wedge breakout for MSFT ahead of TIKTOK acquisition Technicals:
- Bull Wedge breakout detected for MSFT
- Golden Cross Detected at the 15 min time frame.
- RSI is neutral
Fundamentals:
- ByteDance the parent company of TIKTOK quietly followed MSFT on Twitter hinting that MSFT will play part of the rumored Acquisition.
Have 10% stop loss and Take profit at the 231.07 levels
$GLDPossible $GLD Pattern Breakout.
Look to break $185.82 for Entry
Levels above are $189.40,$191.80
$194.45, and $199.68
The $185 calls for this week can work
