KION Stock Quote | 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
# KION Stock Quote
- Double Formation
* Trend Line 1 | Support
* Trend LIne 2 | Resistance
- Triple Formation
* Wedge Structure | Range | Entry | Subdivision 1
* Top Structure | Survey Valid | Subdivision 2
* Retracement | 1.618)) | 1)) | 0)) | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
Wedge
Nobody appreciates it !!!The price is currently in a wedge pattern and can grow to the top of the wedge. If the wedge breaks, we will see potential growth.thats it.....
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NZDJPY: Change of Character Confirmed?! 🇳🇿🇯🇵
NZDJPY confirms a bullish reversal on a daily.
The price violated both the resistance lines of a falling channel
and a horizontal range.
Bullish breakout of the underlined blue resistance also is a valid
Change of Character.
The market may go much higher soon.
Next resistance - 89.75
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Gold will Go Down to PRZ!!!Gold ( OANDA:XAUUSD ) seems to have managed to break the Support zone($2,670-$2,653) . It is currently completing a pullback to this zone, so the pullback pattern appears to be a rising wedge pattern .
According to Elliott's wave theory , Gold seems to have completed wave 4 .
I expect Gold to continue falling to the next Support zone($2,642-$2,620) and the Potential Reversal Zone(PRZ) .
⚠️Note: If Gold breaks the Resistance zone($2,665-$2,662) and resistance line, we can expect gold to rise further.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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GBPJPY: More Growth is Coming?! 🇬🇧🇯🇵
GBPJPY broke and closed above a resistance line of an expanding
wedge pattern on a daily.
It indicates a strong bullish momentum and highly probable
bullish continuation.
With a high probability, the price will reach 196.6 level soon.
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Could btc be forming a top? Bitcoin's Potential Top: A Closer Look at the Rising Wedge
Bitcoin's recent price action has formed a technical pattern known as a "rising wedge." This pattern can signal either a continuation of the current trend or a potential reversal.
If Bitcoin breaks below the lower trendline of the wedge, it could indicate a significant price decline. However, if it breaks above the upper trendline, it could signal a continuation of the uptrend.
To make informed decisions, consider the following:
Volume: Decreasing volume within the wedge can suggest a loss of momentum.
Market Sentiment: Bearish sentiment can contribute to a downward price movement.
Fundamental Factors: Regulatory developments and institutional adoption can influence the price.
Remember: Technical analysis is not perfect. It's essential to use it in conjunction with fundamental analysis and risk management strategies.
GOLD - Falling Wedge ABCD PatternGOLD has broken down from bearish rectangular consolidation. Prior to bearish rectangle, a falling wedge was formed from recent highs. Now it seems falling wedge is part of ABCD pattern, which means there is one more leg downwards to go.
In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 14 and 14.50 because this coincides with:
- a number of trendlines and major support zone from Weekly timeframe meet between 14 and 15
- gap fill is at 14.66
Also, if we look at price range of first wedge pattern drop, it was about 22% (from point A to B). With the formation of ABCD, the second wedge pattern price drop is also likely to be about 22% from point C to D of ABCD pattern.
Price is below SMA 20, 50 and 200
Buy around 14.50
LINK - Losing Momentum: Key Breakdown Levels to WatchThe chart structure shows a rising wedge pattern, a bearish formation that signals exhaustion in the current uptrend. This pattern, combined with price action stalling at the highs, indicates that the bulls are losing momentum.
Key Observations:
1.) Rising Wedge Breakdown Potential:
The price action is forming lower highs and higher lows, aligning with the typical characteristics of a rising wedge.
A decisive break below pdVAL (Previous Day Value Area Low) at $28.99 would confirm the bearish momentum.
2.) Bearish Targets:
If pdVAL fails as support, we could see a correction towards key confluence zones:
First Target: $26.75 — This level aligns with the 0.5 Fibonacci retracement of the entire upward wave and coincides with previous price structure support.
Second Target: $26.09 — This level is marked by the pwOpen (Previous Week Open), providing additional support.
3.) Volume Profile:
The recent upward move lacked increasing volume, which reinforces the exhaustion narrative. A volume spike on the breakdown would further validate the bearish case.
4.) Support Zones:
The key green zone (highlighted) between $26.75 and $26.09 is a strong area of demand, supported by:
0.5 Fibonacci retracement.
Previous Weekly Open (pwOpen) and Previous Weekly Value Area Low (pwVAL).
Conclusion:
Bearish Scenario: A confirmed breakdown of pdVAL ($28.99) could trigger a move towards $26.75, with potential continuation to $26.09.
Invalidation: A strong reclaim of pdVAL and a push above the rising wedge's resistance would invalidate the bearish outlook.
NVDA Falling Wedge Pattern Setup: $127 SL - $153 TargetA falling wedge pattern has formed on NVDA's daily chart, with price action contained between two converging downward trendlines. The stock shows a potential bullish reversal setup after reaching recent highs around $145. Volume has been declining during the pattern formation, which is characteristic of a falling wedge. The setup offers a clear risk-reward with stop loss at $127 and target at $153, with entry planned on a break above the upper trendline.
Uptrend & Downtrend Bullish Falling Wedge Pattern TutorialA bullish falling wedge is a charting pattern that signals a potential reversal from a downtrend to an uptrend. Here's a breakdown of its key characteristics:
Shape: The pattern forms a wedge that slopes downward, with the upper trendline connecting the highs and the lower trendline connecting the lows. The key is that the highs and lows get closer together as the pattern develops.
Trend: It typically forms during a downtrend, indicating that selling pressure is decreasing.
Breakout: The pattern is bullish when the price breaks above the upper trendline. This breakout suggests that the downward trend is losing momentum, and an upward trend may follow.
Volume: During the falling wedge formation, volume tends to decrease, which supports the idea that selling pressure is diminishing.
Retest: After the breakout, it's common for the price to retest the upper trendline, and if it holds, it provides further confirmation of the bullish reversal.
Example
Imagine a stock that has been falling for several months. The price forms lower highs and lower lows, creating a narrowing wedge. Suddenly, the price breaks above the upper trendline with increased volume, signaling a potential reversal and the start of an upward trend.
DFML exposing 40% gains The stock has touched the HH of 54.6 previously and therafter retraced 0.718 FIV level, now broke out the falling wedge pattern.
Small size entry can be taken here for TP1 of 59, position size can be increased once it crosses 48.85, Breakout of previous HH @ 54.6 will confirm the bullish ride towards arc formation projection of 91.85 However, final target as per our trade plan is
Weekly TF Analysis - BATAINDIAWeekly chart of BATA shows a beautiful Falling Wedge pattern.
The last candle is an inside candle from the previous week, suggesting a brief pause before the up move.
Any break above 1460 can result in a good move on the upside.
Fall below 1400 may be a continuation of the falling wedge pattern.
SOL $260 (up to 18%) - Consolidation could be overBINANCE:SOLUSDT is consolidating since the end of November after hitting the zone at $260. The consolidation looks overall very bullish (bull flag) and healthy. As you've seen in my analyse from 4 days ago the situation looks very good.
Also, Bitcoin is still holding very strong at $100K (currently at $103K). To determine, if the consolidation might be over we need to look a bit closer.
As we can see, we're currently still within the bull flag / consolidation channel between $260 and $200. Since December 11 we can see a bull flag within the bull flag after bouncing off from the support level at $203/$200. This might indicate that we've seen the low for now and are going to break the bull flag / consolidation channel. We've bounced from the 61,8 Fib from this little bull flag. A possible first target would be the resistance at $235. The next two targets would be $242 and finally $260.
If we go below $215 we might see another test of the $203/200 level. If you decide to test a long here, try to place your SL below $215 or (if you trade with a smaller size) below the $203/$200 level. Do not forget that we see a lot of liquidity grabs in crypto, so don't trade with a SL to close to support levels or they will be detected.
Target Zones
$235
$242
$260
Support Zones
$215
$203
$200
Let me know what you think!
GOLD - Price can little fall and then bounce up to $2690 levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price started to decline from resistance line, breaking $2690 level, and fell to $2535 points, breaking $2605 level too.
Then price turned around and started to grow inside wedge, where it broke resistance line and soon reached $2605 level.
Price broke this level and rose to resistance line of wedge, after which made a correction to support level.
Next, price some time traded and then fell to support line of wedge, after which made upward impulse.
Gold rose to resistance line of wedge, breaking $2690 level, but recently it turned around and fell to support line.
Now, I think that Gold can fall little below support line of wedge and then bounce up to $2690 level.
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AVN to provide 38% gain within next 4-6 monthsthe stock is currently in its uptrend, Instant entry can be made here with strict SL of 49 with first TP around 86 and second TP around 98 for over 50% gain within next 4-6 months.
However, careful traders should enter the trade only once it breaks its previous HH around 71.2 with same SL (mentioned above), however, this time the gain will be confined to 37-38%
The stock after significant consolidation has broken out the Falling Wedge Pattern on Weekly time zone, Thereafter making consistent HHs and HLs.
EUR/USD is bullish now after this breakoutDESCENDING WEDGE PATTERN BREAKOUT :
FX:EURUSD has broken out of a descending wedge pattern with strong confirmation indicating market will go upwards till the target equivalent to the max width of the pattern
STRONG SUPPORT ZONE TESTED :
market has recently tested a strong support zone which it had tested earlier two times and had gone upwards indicating strong upward momentum for the currency pair
PROFIT TARGET :
level is 1.05274
EURUSD: Bullish Reversal Confirmed 🇪🇺🇺🇸
EURUSD nicely respected a key daily horizontal support.
With a consequent bullish movement from that, the price went up
and violated a resistance line of a falling wedge pattern on a 4H.
It confirms a local bullish reversal.
We can expect a bullish movement at least to 1.05236
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