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Wedgepatterns

Bitcoin Making A Wedge Pattern: Elliott Wave AnalysisBTCUSD is trading at strong monthly support zone, but on a daily basis, it can still be pointing lower within the final 5th wave that can be forming an ending diagonal (wedge) pattern. We see it currently trading in subwave 4 correction, testing that June lows as a resistance from where we can see another and final decline for wave 5 of (5) with room towards 14k-12k area. Any earlier rebound and rally back above 21500 level might be signal for a completed 5th wave. It appears that bitcoin can see some nice turn up in 2023. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
COINBASE:BTCUSD
by ew-forecast
8
XAUUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
OANDA:XAUUSDShort
by Tradelikemee
1
DASHUSD - Descending Broadening Wedge On the Dash chart, a descending broadening wedge has appeared (1h-timeframe). A descending broadening wedge is a bullish reversal pattern. The trade can be entered once the price breaks out of the pattern to the upside. The target is the height of point B. At the moment the price is overbought when looking at the RSI. In our opinion, the price is going to drop a little bit. After that, it could be possible that the price is going to break out straight away or it might retest. This is the reason why there're two paths drawn on the chart. See all further details on the chart. Goodluck!
KRAKEN:DASHUSDLong
by vf_investment
5
AAVEUSD (2H) Rising WedgeThe information contained herein has been prepared for general information purposes only. The comments and recommendations contained herein are based on the personal opinions of commenters and recommenders. It should not be interpreted as a buy-sell recommendation or a promise of return on any investment instrument. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
BINANCE:AAVEUSDShort
by Fibo114
2
Crude Oil Can Stabilze At $70-$72 Markets are slow as most of traders will stay aside today after Thanksgiving yesterday in the US. So we think there will be no real changes in the price action and that market will stay in risk-on mode, at least from a technical perspective. The only thing that can shake the markets a bit going into a next week are potential new COVID restrictions in China after more cases were reported recently. Lower energy prices can also cause some volatility on CAD, NOK, and MXN after Saudi and Iraqi energy ministers said that they will introduce additional measures to ensure stability in the oil market. We see the energy coming down into the fifth wave of decline with some support seen at 72 area where the price may stabilize, at the lower side of a wedge pattern; a leading diagonal in wave A. In fact, weeks back the White House has released a fact sheet that establishes its intention to refill the Strategic Petroleum Reserve when oil prices are between $67 and $72, so yes, the downside can be limited.
NYMEX:CL1!
by ew-forecast
2
EURJPY- Wedge Resistance At 150EURJPY is back a the highs as expected, as we talked about in our past updates when recognizing a wave (B) retracement which belongs to a higher degree wave 5 of an ending diagonal. An ending diagonal is a special type of reversal pattern that occurs at the end of the trend. It has a wedge shape which suggests that despite higher prices bulls are not that strong anymore. As such, we should be aware of a limited upside here at the upper line. If it holds, and the price turns back to 140 in weeks ahead, then we think that an important bearish reversal will unfold.
by ew-forecast
usdchf rising wedge pattern price is making triple top at 1.00492 horizontal resistance it has made rising wedge pattern which is ending right at the resistance. if it break lower yellow line than there is huge risk to down that price going back to support where the chart pattern started based on current price - long on retest of lower yellow line than waiting for breakout of upper horizontal resistance if lower yellow trend breaks than sell on retest and with sl on white horizontal resistance and tp based on your risk reward ratio since dollar is strong fed is ready to hike 75bps again in November fomc so fundamental support upside breakout but this 3rd week of October and based on seasonality dollar could make correction and downside move is possible but it will be limited until fomc rate hike
by Sangam-Agarwal
[SHORT] rising wedge on EGLDRising wedge forming on EGLD, reaching and rejecting the $60 psychological resistance. We are looking for a small short position at 60 with wide SL, adding up during pre-FOMC volatility and adjusting SL as price reach the wedge support. looking to add up to the position after a close bellow the wedge. trigger:$60 entry1: $60 entry2: bellow wedge target1: $53,45 target2: $50,50 SL: $62,55 Will not rush on this trade, this week price action is beyond technicals.
Short
by helpfulPear98930
2
BITCOIN. Why chart pattern work?! (Not all) 18/Oct/22.Bitcoin. Why “chart pattern” works? Or we may asked why “pattern” exist.? As market are “mass participation” with “repeating “ of “fear/greed” emotions.. Anything “repeating in rhythm” there will be a “patterns”. .To “verify” whether any “pattern” will “work” in future in charts. Traders need to use their own “tools” to find is there any “underlying/energy/force”. A valid “z=speed” factor on the “terminus” of connected 2 “vectors”. E.g . The gravity force which made all planet “round shape” “pattern”.. P/s without “speeds=z” factor to “achieve “ “disequilibrium” in market. The price=x factors will be horizontally flat alongside with y-axis.
BITSTAMP:BTCUSD
by SteveTan
1