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Wedgepatterns

Swing Trading Setup For The DAX 30 – Falling Wedge PatternHi Traders, Having a look at the DAX30 on the Daily. We see a potential falling wedge with accompanied divergence across the MACD. I would like to see a break and retest of this pattern before jumping in. This is the daily time frame so this would be quite a long swing position. It's all about patience haha. Let's see how it plays out. My target would be previous daily resistance. Enjoy your Monday! The Vortex Trader
OANDA:DE30EURLong
by TheVortexTrader
What Does a Falling Wedge & Roblox Have in Common?What Does a Falling Wedge & Roblox Have in Common? I've played Roblox once and from what I remember, players build things up and tear things down. In line with the objective of the Roblox game, the falling wedge pattern falls prior to the price rising (or "building") again. The Falling Wedge pattern was identified on RBLX weekly, daily, four hour and one hour charts. My intention is to make the most of this trade by entering a swing position. Therefore, my initial entry will be above the break of the upper trendline or 37.00. I am considering the following profit targets or profit taking levels- PT1 53 PT2 61.91 PT3 109.81 Special note -I will also consider pivot points for PT as well. *Risk Management- will include setting my stop loss below the low of the candle that breaks the upper trendline AND above 37.00. My starter position size will be relatively small to mitigate risks associated with entering a swing position. 80% of my position will be cut at PT1, 10-20% at PT2 (will be dependent on market conditions & price action of stock) and 10% or re-entry prior to reaching PT3 (will dependent on position status and price action). Peace & Prosperity, MrALtrades00 *This is not financial advice.
NYSE:RBLXLong
by MrALtrades00
USDCHF I Approaching Demand Buy Zone!Welcome back! Here's an analysis of this pair! **USDCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
5
ALGOUSDT needs new liquidity for the reverse trade The price lost the monthly support and now the price is going to create a falling wedge on the monthly support. The price had a false breakout from the falling wedge and it got new liquidity for a bearish impulse. On the 4h timeframe the price is testing the support above the demand zone. How do you approach it? IF the price is going to have a breakdown from the 4h support and grab new liquidity, tra According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
2
Have You Ever Dropped A Starbucks Coffee?Have You Ever Dropped a Starbucks Coffee? After you dropped your coffee, did the coffee cup pick itself back up? LOL! Well, I've identified a falling wedge pattern on SBUX daily and four hour charts. Perhaps it will pick itself up from the "drop". *This is not financial advice. If you like this trade idea, please share your favorite Starbucks drink in the comment section below. Try the strawberry lemonade refresher from Starbucks! Refreshers are good, MrALtrades00
NASDAQ:SBUXLong
by MrALtrades00
ETHEREUM-How good is this merging??Hi everyone As we get close to 8th of June for Ethereum 2.0 upgrade, some good bullish moves may happen on this asset's pairs which includes ETHUSDT. In the past couple of bars, the weaker selling pressure is obvious,but to have a healthy trend we may get another move down to 1725$ and then we can have some good bull market. Support factors are 1725$ level and the bottom of daily trading range and for resistance we have the bear trend line and 1810$ level. Hope this analysis helps you in a way. I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
by HubAlgo
You Cannot Ignore This Signal 2I accidentally saw an interesting falling wedge pattern at trader @moon333 You Cannot Ignore This Signal For Market Bottom. Since now it is strongly bearish, I immediately saw a fall pattern. It's funny, but the trader saw a sign of growth here. Of course, it can beat like that, but the falling wedge can break through not only up but also down. It was this pattern that immediately reminded me of water that flows down the slope of the surface. The last break (this week) does not look very convincing now and we are still near the support zone. If the next week's candle closes (absorbs) this fat drop of holders and beacons will fall directly to the floor. Let's see who is right.
BITSTAMP:BTCUSDShort
by John_Wayne
4
How big is the rising wedge of frustration bitcoin?Now many indicators and traders find signals for the fall of bitcoin, I will try to add one more reason, and as a result, it may turn out We look at the chart from afar. It is easy to guess the support line that has been drawn since 2013, the one that Bitcoin falsely broke through in March 2020. In early May, the second breakout, it's hard to believe that the second breakout will also be false. Most likely, now we will see exactly what the breakout of the main support line is. From above, you can draw (a little ignoring the top of the hype of 2017) an ascending wedge. I went crazy when I saw that this wedge starts when bitcoin was worth 200 bucks. The breaking of such a wedge is a serious event for bitcoin holders, growth into the past support zone will now be resistance (now around 44,000). The figure head and shoulders where the 3rd shoulder is below the first two is a completely real signal to fall into the zone 17-19 000 (return to the previous peaks), this will only turn on the trigger for working out the breaking of the wedge. Any growth will need to be perceived as a rebound of a dead cat to a retest of the same line of already resistance. Then there will be a confident continuation of the fall to the nearest zone. At this moment, another head and shoulders will be drawn, with a descent of 7000-8000. This is completely normal, because at the beginning of the wedge BTC cost 200 bucks, and this is the real people who bought it, and in the world of finance it was already well known.
BITSTAMP:BTCUSDShort
by John_Wayne
2
SQQQ Bearish Rising WedgeI know a lot of traders who are in the SQQQ banking on the idea that its on its way to retrace it's gigantic historical prices. I trade by patterns. Sometimes they work, sometimes they fail, for me they succeed more times than fail. What I see in the SQQQ is a rising wedge pattern. Rewind the clock 20 years ago and I would be chasing this breakout with the rest of the crowd. This along with bearish patterns I am seeing in the Vix, I see these 2 forces indicating a reversal in the Equity markets. Dow stocks seem to be leading the way. I think Nasdaq stocks will follow not far behind.
NASDAQ:SQQQ
by HumanIntel
2