Euro can reach seller zone and then start to decline to 1.0450Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price traded inside the range, where it at once rebounded from the top part and started to decline to the resistance level, which coincided with the resistance zone. Later, EUR entered to this area, where it reached the bottom part of the range and some time traded near, after which started to grow to the top part of the range. Also, when the price rose, it made a gap and after it reached the top part of the range, the EUR turned around and made impulse down. Price exited from the range broke the 1.0805 resistance level, and continued to decline inside the wedge. In this pattern, the price first rose to the resistance area and tried to break the 1.0805 level, but failed and continued to decline to the 1.0600 current resistance level. Soon, the price broke this level too and fell to the support line of the wedge, after which a not long time ago rebounded up. Now, the price trying to exit from the wedge, so, in my mind, the Euro can reach the seller zone and then turn around and start to decline. For this case, I set my TP at 1.0450 points. Please share this idea with your friends and click Boost 🚀
Wedge
EURO - Price can break support level and continue fall in wedgeHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Recently price grew inside rising channel, where it at once broke $1.0835 level, after which rose to resistance line.
Also, in channel, price made a gap, after which rose to $1.0935 points and then started to decline.
Euro exited from channel, and continued to decline inside wedge, where it broke $1.0835 level and fell to $1.0680 level.
Price tried to grow, but failed and later broke $1.0680 level too, and continued to decline next to support area.
When price reached this area, which coincided with $1.0530 support level, it bounced and now EUR trades near it.
In my mind, price can grow to resistance line of wedge and then continue to fall to $1.0425, breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Is C3.AI the next AI Giant to Soar? 123% Potential Upside!🚀 Is C3.AI the Next AI Giant to Soar?🚀
123% Potential Upside! 📈
In this video, we dive into NYSE:AI , a powerhouse in the AI sector, currently retesting a Falling Wedge Breakout!
💡 Key Highlights:
-H5 Indicator: Flashing green for a bullish signal
-Volume Insights: Massive volume shelf with a significant gap to fill
-Technical Analysis: Consolidation box formed on WR%
Targets:
🎯$39
🎯$49
📏$58
Don't miss out on the potential explosive growth of $AI! Tune in to see why this stock could be a game-changer!
NFA
FILECOIN Preparing for launch 1:2 Risk Reward setupTo be sure, it is recommended to wait for the break wedge and test it.
Internet Computer (ICP) 50% crash incoming.... On the above chart price action has been trading sideways since June. Recent developments suggest a bearish outlook. They include:
1) Price action and RSI support breakdowns.
2) Trend reversal confirmation with double top print.
3) Rising wedge confirmation with 50% correction forecast to $4 area.
Is it possible this is all gibberish and fundamentals don’t care for Technical Analysis? Sure.
Is it probable price action will correct as forecast? Very likely.
Ww
BPCL WILL FARTHER FALL DUE TO THIS PATTERN...TECHNICAL INDICATORS -
REVERSED ASCENDING WEDGE PATTERN :
The stock had broken down from this pattern on 22nd oct with a proper red candlestick and fell 34 points since then. It is expected to fall 10 points more to reach the profit target
BEARISH DIVERGENCE :
The stock had formed a "Bearish Divergence" pattern on 31st july & 30th sept and fell considerably after that
PROFIT TARGET :
282.00
BITCOIN (BTCUSD): Test of ATH Soon! ₿
It looks like Bitcoin is preparing to retest the ATH soon.
I see very bullish technicals: after a test of a strong rising trend line
the price went up and violated a resistance line of a bullish flag pattern.
After the test of the ATH, with a high probability,
we may see its violation and a formation of a new one.
❤️Please, support my work with like, thank you!❤️
APTOS Broken out from a Hunt Volatility Funnel... $40+Building on #SUI's impressive recent performance, it seems that this new #Blockchain for this cycle is poised to attract supportive investment.
While the technical setup isn't flawless, for a perfect #HVF pattern, with a L2 lower versus L1, it still has a strong chance of reaching its anticipated upper targets during this bullish phase!
USD/JPY
USD/JPY Weekly Time Frame
✔ Breakout and a Retest of trend
✔ Rising Wedge
🤔If it goes back to the previous support and form the third bottom, that's about 1.4K pips right there 😋
Or will it breakout and continue the bullish trend
HAVE A SUCCESSFUL WEEK AHEAD
U.S Dollar / Japanese Yen | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# U.S Dollar / Japanese Yen
- Wedge Structure 1 | Hypothesis Entry Bias
- Wedge Structure 2 | Target Valid
- Support=0(12345)
- Wave 1 | Wave 5 | Center Impulsive Gain
- Retracement 1&2 | Valid Entry Bias
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Neutral
BANKNIFTY .OUTLOOK BearishPlease see the chart ..I have clearly given the 3 reasons ,Why 50k is the support break of which will see BN and Nifty tank...so fingers crossed..This is not a prediction ,,But an observation..Everything is written on the charts to make u understand..
GRASS/USDT - BUY IDEAGRASS is in strong bullish trend since launched.
As the market is consistently printing new HHs and HLs on higher TF.
Currently the market is retracing a bit after last HH on daily and now forming bullish div , market just gave the falling wedge breakout.
If the market successfully sustain this bullish confluence the next leg high could go for new HH.
we will enter at 2.6198
SL - 2.2788
TP1 - 2.9625
TP2 - 3.3035
Is Dogecoin's Breakout from the Falling Wedge Pattern Bullish ?Dogecoin (DOGE), the meme coin with a loyal following, has recently shown promising signs of a potential bullish breakout. Technical analysts have identified a classic falling wedge pattern forming on the DOGE/USDT chart, which, if broken, could signal a significant price surge.
What is a Falling Wedge Pattern?
A falling wedge is a bearish reversal pattern characterized by converging trendlines that slope downward. The pattern typically forms during a downtrend and indicates a potential reversal to the upside. As the price action narrows within the wedge, the likelihood of a breakout increases.
Technical Analysis of Dogecoin
Technical analysts have been closely monitoring Dogecoin's price action and have observed the formation of a falling wedge pattern. The pattern suggests that the selling pressure is weakening, and a bullish reversal may be imminent.
• Key Support and Resistance Levels:
o A break above the upper trendline of the falling wedge could trigger a significant upward move.
o The 50-day and 200-day moving averages could provide additional support levels.
• Relative Strength Index (RSI):
o The RSI is a momentum indicator that can help identify overbought and oversold conditions.
o A reading above 50 suggests bullish momentum, while a reading below 50 indicates bearish momentum.
o A rising RSI within the falling wedge can signal a potential bullish divergence, further supporting the idea of a breakout.
There is a bullish outlook on Dogecoin with a potential for a successful breakout from the falling wedge pattern could propel DOGE's price.
Factors Driving Dogecoin's Potential Upward Movement
Several factors could contribute to Dogecoin's potential price surge:
• Strong Community Support: Dogecoin has a dedicated and passionate community that actively promotes the coin and supports its development.
• Increased Adoption: As more merchants and businesses start accepting Dogecoin as a form of payment, it could lead to increased demand and higher prices.
• Positive Sentiment: Positive news and social media buzz can significantly impact Dogecoin's price.
• Technical Breakout: A successful breakout from the falling wedge pattern could attract more buyers and trigger a price rally.
Conclusion
While Dogecoin's future price movement is uncertain, the formation of a falling wedge pattern and the positive sentiment surrounding the coin suggest a potential bullish outlook. Investors should conduct their own research and consider consulting with a financial advisor before making any investment decisions.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and involve significant risk. It is important to do your own research and consult with a financial advisor before making any investment decisions.
Gigacloud Technology Inc. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Gigacloud Technology Inc.
- Wedge Structure | Center Setting Commitment
- Double Top | Hypothesis Bias On Area
- Support=0 At 15.75 | Pre-Demand
- Wave 2&5(12345) | Pivot Schedule
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Sell
Walgreens Boots Alliance, Inc. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Walgreens Boots Alliance, Inc.
- Wedge Structure 1
- Wedge Structure 2
- Retracement
- Wave (Failed 12345) | Confirmation Template
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Sell On An Intraday Perspective
XRPETH chart may finally be ready to reclaim some gainsIf price can get above the monthly 50MA here (in orange), and flip it solid support for a candle or few, we should see xrpeth confirming the breakout from this monthly chart falling wedge and then heading up to reach the measured move target posted here. This is a logarithmic chart. *not financial advice*
Bloom Energy $BE MASSIVE 50% MOVE! Could double from hereBloom Energy NYSE:BE MASSIVE 50% MOVE! Could double from here
- Its a HIGHFIVESETUP
- Massive bullish falling wedge pattern breakout with a measured move up to $45
Let this thing breathe or come back for a retest as 80-90% of breakouts retest.
I do not advice getting into this name at this time. Just wanted to point out the possibility and add to watchlist for a pullback potentially.
NFA
Double Top on Tech?Technology stocks had a strong first half but could be ending the year on a weak note. Is the sector finally losing its leadership?
Today’s chart of the SPDR Select Sector Technology Fund highlights the July 10 closing high of $237.68. XLK stalled around that same level a week ago, resulting in a potential double top on the fund.
Second, prices have slipped below October's closing high of $233.73. That stands in contrast with other big sectors like Communications, Financials and Consumer Discretionaries.
Third, relative strength in the lower study shows fading leadership in technology versus the broader market.
We end with a look at Nvidia NASDAQ:NVDA , which has been a major driver of the sector this year. Notice the sharply rising lower trendline and the higher trendline with less of an upward slope. That kind of rising wedge is a potential reversal pattern.
It could also raise the stakes headed into NVDA’s big earnings report after the closing bell next Wednesday, November 20.
Standardized Performances for the ETF mentioned above:
SPDR Select Sector Technology ETF (XLK)
1-year: +35.50%
5-years: +165.61%
10-year: +448.20%
(As of October 31, 2024)
Exchange Traded Funds ("ETFs") are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.
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AUDCHF #2 lets trade to the upside end of pullbackwe have a wedge pattern and its indicating price will have upside impulsive move soon
we have one bearish fvg pending could the next pullack after bullish impulse then after we have final target
down we have mitigated with the bullish poi
waiting for the bullish candlestick pattern or structure
start looking for entry setup after
0.57600 levels , 0.5800 and 0.58600 will be the target area
enjoy !!!
NAS100, morning/bearish analysisBearish count for NAS100.
Completed primary impulse off October 2022 low of 10431.1, 103.69% move from low to high.
Ending contracting diagonal (wedge) to complete the impulse.
Wave ((3)) is 3.618x the length of ((1)), and wave ((5)) is 1.618x the length of ((1)).
Price does not look likely to tag median line (red line) of pitchfork, which strongly suggests a move back below 18500 at a minimum.
First key support is 19888.5, then fib supports until 17235.
Falling Wedge on SPX Falling Wedge on SP:SPX spx could see a test of the 5930 Level, Fill the Gap and back up from there, if not expect a flush down to 5900 and retest 5880. We do not want to lose the 5900 level or bears will be feeling good and think they can fill the gap Below around 5860 That gap is very large and runs down to 5780 roughly.
Time to buy $TLT for a trade to $100?I think we could see a short term rally in $TLT.
On low timeframes today, it looks like we've formed a double bottom and that price is bouncing off of the lower trend line. I think we could see a rally up into the $100-102 region from here.
My base case is for price to reject that region and then form one more leg lower before a sustainable bounce in bonds.
Let's see how it plays out. I marked off both levels to the upside and to the downside to account for both scenarios once price has broken out of the structure.
USD/CAD Short EntryLooking at the current formation of the broadening wedge at the current peaks on USDCAD. Will wait until we break the shown level of support and/or confirm breakout under the bottom trend with a 4HR Retest.
Risk/Reward 2:1
Will Re-evaulate trade periodically and update as I see fit. With how crazy bullish USD has been lately I will not be jumping in early in hopes for a better position as there is the possibility the pattern will invalidate pushing USD/CAD even higher
