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Wedgepatterns

$UKOIL - Production cuts will pump it to $101Hi guys! 👋🏻 🔔 Surprisingly low US inventories data supported a short-term uptrend of Brent crude, comforting the price to hit $90 this week. 🔔 OPEC+ meeting scheduled on October 5 will be on the watch, as the cartel suggest a production cut of 100,00 barrels per day (bpd). 🔔 Brent once again retested the upper edge of the descending triangle, although the bullish run is yet to be confirmed. The confirmation is set under a breakout from the wedge and closing of the price above $91.60. If that is confirmed, then we expect the price to move further to $98 and $101. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
TVC:UKOILLong
by azizelliott
1
BTCUSDT forming a wedge like structure, growth from supportBTCUSDT price is forming a wedge like structure after reaching the support area if price holds above the structure, I expect the price to move higher towards next resistance. and if price manages to break above the wedge structure, we might see a strong bullish move. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
5
Descending Broadening Wedge on Bitcoin (BTCUSD)This is a downward facing megaphone-like pattern. According to Thomas N. Bulkowski, the breakout direction is upward 72% of the time. However, it should be noted that the partial decline works 79% of the time. Also, there is a symmetrical mini triangle, on top of the 0.786 retracement from the August 2015 bottom to the November 2021 top. At this point I prefer to bet on the high than on the low, but I outlined both scenarios. Bullish Scenario: - Considering the triangle, if it breaks up the next target would be $20,943 - Considering the wedge, if it breaks up the next target would be $20,530 Bearish Scenario: - Considering the triangle, if it breaks down the next target would be $17,076 - Considering the wedge, if retesting the diagonal line the next target would be $16,191. - Should the wedge break down in an even worse scenario, the next target would be $14,682.
INDEX:BTCUSDLong
by andre_007
DOTUSDTHello my dear friends Keep in mind that the main trend of the market is downward in our opinion! But currently, according to the positive divergence of RSI and the formed pattern, if the current trend is higher than the price range of $7.23. And on the condition of maintaining the range of $6.79, the possibility of forming an upward trend up to the specified ranges is not so unlikely. But if the price moves below the price range of $6.79, the possibility of continuing the downward trend to the yellow range ($6.29) will be strengthened. We would be happy to hear your comments
Long
by FiboTech
Gold rising wedge pattern before CPIThe rising (ascending) wedge pattern is a bearish chart pattern that signals an imminent breakout to the downside. It's the opposite of the falling (descending) wedge pattern (bullish), as these two constitute a popular wedge pattern. A rising wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. When it is accompanied by declining volume, it can signal a trend reversal and a continuation of the bear market upside target if it fakeout 1765 downside target 1650
SAXO:XAUUSD
by Sangam-Agarwal
NEOUSDTHello Dear friends The price range of $10.6 has nicely maintained the trend. If the upward channel is maintained and the trend does not fall below the price range of $10.23, the possibility of forming an upward trend up to the price range of $12.1 is not out of mind. Currently, a bearish wedge has formed in the 30-minute time frame. If the upward trend is above the price range of $11.19, the mentality of forming an upward trend up to the specified range will be strengthened for us. We would be happy to hear your comments.
Long
by FiboTech
STAR - Wait for the confirmation Expecting a breakout at the level of 357-360 These are my thoughts am not recommended advisor.. Do your own analysis , when you enter , please be prepared with minimum 3-4 good reasons why you enter. * Giving confirmation but failing to breakout * Lets wait for confirmation and make conclusions from MA and VOL * Falling Wedge followed by good consolidatory support zone PS: This is for educational purpose. Feel free to give your own thoughts and I am happy to learn from you.
NSE:STARLong
by imThiyagarajan
2
falling wedge wedge NASDAQ first six months of the year has been bad for nasdaq. it has made more than 30% correction after coronavirus boom. this series of lower low and lower high has made falling wedge pattern in this downward correction because fed QT beginners investor made loss while big investor were waiting from sideline for 30% correction. new quarter and new half of the year and recession in usa has been started ✅will Nasdaq benefit form portfolio rebalancing in H2 2022 ? ✅will nasdaq make new all time high in stagflation (because it will take several years to send inflation back to 2%) ✅will fed pause rate hike in September fomc ?
TVC:NDQLong
by Sangam-Agarwal