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Wedgepatterns

NZDUSD, Potential Short to Double Bottom Price action has been moving within a falling wedge structure which as we know is a reversal structure in nature. We may get another leg down to a double bottom area before price climbs up as we can see a corrective movement after a strong impulse this past week. I will wait to see if price is able to retest the upper boundary of the wedge structure to give a sell opportunity. Thanks Trade Safe ** If you felt this was helpful in any way, please like and follow me for more analysis and educational ideas ** Please share your opinion by leaving a comment.
Short
by ktlfx
1
MKRUSDTHello dear friends Due to the negative divergence of the RSI in the daily time frame, the possibility of completing the bullish wedge pattern at the end of the uptrend has been strengthened. 🔍 If the range of $719 is completely consumed, the possibility of reaction to the range of $806 will be strengthened and we can expect the continuation of the downward trend to the range of $605 and $536. ❗️❗️❗️ Note that if the $932 resistance range is completely consumed, the above view will expire. We would be happy to hear your comments
Short
by FiboTech
8
BCHUSDTHello Dear friends Currently, the positive divergence of the RSI combined with the downtrend line on the daily time frame has strengthened the possibility of completing a bearish wedge pattern. To form an upward trend similar to the drawn scenario, we have two conditions: the complete consumption of the $108.9 range and the maintenance of the $87 range. If the previous price floor ($87) is consumed, the possibility of completing the descending corner pattern is weakened. We would be happy to hear your comments
Long
by FiboTech