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Ascending Broadening Wedge

Rising/Falling Wedge Ascending Wedge in an uptrend-bearish 1. This pattern occurs when the slope of price candles’ highs and lows join at a point forming an inclinin wedge. 2. The slope of both lines is up with the lower line being steeper than the higher one. 3. Place an order to breakdown and out of the wedge. The drop out of the wedge can be very dramatic. Descending Wedge in a downtrend -bullish 1. This formation occurs when the slope of the price candle high and lows join at a point forming a declining wedge. 2. The slope of both lines is down with the upper line being steeper than the lower one. 3. To trade this pattem, place an order on a break up and out of the wedge.
BINANCE:ETCUSD.PEducation
by yaser_rahmati
1
ES1! (S&P 500 Futures) and NQ1! (Nasdaq Futures) Ascending WedgeBoth the indices showing the Ascending Wedge Pattern. I would like to see the break of support around 11266.75 for NQ and 3700.00 for S&P to short but ideal entry would be on the break of the pattern + re-test of the support trendline. Targets for NQ1! - 11228.50 11165.50 111068.75 Targets for ES1! - 3700.00 3661.50 3642.00 NOTE: This pattern is forming right before OPEX (17 June 2022) / Quad Witching. Maybe this market pushes up before the volatility comes in and OPEX plays out where a decline in stocks is observed around the end of the day.
CME_MINI:ES1!Short
by ImSooCool
Is $XLE making a bearish ascending wedge?It seems like the Energy sector ETF $XLE is making an ascending bearish wedge. It's showing lots of resistance around the $82.9 area and hasn't be able to close above it for the past ~2weeks. I wouldn't be surprised if it has a fake breakout to the upside before eventually falling back inside the wedge. Keep an eye out for a break to the down side as the measured objective would be around the $64.7 area. I'm neutral for the time being but keeping a close eye on this for a bearish reversal.
AMEX:XLE
by HaseebKhan_90
8
long term logarithmic growth fan pattern horizontal supportthe gann fan and log view with broadening wedge indicates stock is trending toward long term support. if we cant close over the 4/1 monthly its probably headed for that lower trendline. were at horizontal support so a bounce starting here would probably head for the 2424 area. closing above the mid 2400s and we could head for 2988 where TRAMA is currently hanging out. if 2050 breaks it could go as low as 1785 but its much more likely we see a monthly bounce soon.
NASDAQ:AMZNLong
by cerealpatterns
AUDUSD Roadmap on 4H timeframethe dollar went down due to the shock of energy price and it help Aussie goes higher. my analysis shows 0.76480 key resistance might end the AUDUSD bullish trend and also complete the ascending broadening wedge pattern for this pair, personally, I will wait for the price rejection occurs at the key resistance level before placing any sell order. good luck traders! **Disclaimer** 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. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
1
Ascending Broadening Wedge on BTC chartWe have this Ascending Broadening Wedge on the 4 hourly time frame. As we see on the social media everybody is bullish again and that's the point where i am looking in the other direction. I exited my long position from 37.7k because of the bearish divergence on the 4 hourly and entered short postion at 42.2k. Ascending Broadening Wedge is a bearish pattern and we already have a break out and retest of the support line now turned into resistance. What do you think about this Ascending Broadening Wedge? Feel free to leave a comment. If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!!!
Short
by Mladen94
2
Ascending Broadening Wedge Visible on Weekly Time FrameWe gave Double Bearish Divergence on the RSI and are at the Supply Line of this Weekly Ascending Broadening Wedge. We are however very near 100 an di wouldn't be surprised if it just came to visit the area's of 100 before coming down but at this point in the chart would be a nice place to take profit or take a shot a being Bearish. As of right now the put options are very expensive for this stock most of the puts are trading at about 3-5 times the price of the calls for the same strike so we will have to wait for those puts premiums to go down but if they ever do it will be a nice entry.
NYSE:ZIMShort
by RizeSenpai
3
Video: New Pattern to Watch For on the Bitcoin Chart!Traders, I think this ascending wedge should be something we put on our radar here. With fairly recent bullish price action along with our VERY strong support below, the probability that it plays out is LESS LIKELY than normal, but it does appear that BITCOIN is drawing a BEARISH ASCENDING TRIANGLE here. This may be further confirmation that the HEAD AND SHOULDERS pattern I have drawn in PURPLE will indeed play out and meet it's target down of $20-24k. Remember, I have doubted whether or not this will actually occur all along. So, now we have yet another pattern that seems to indicate there could be further downside in the cards. An exit to the UPSIDE of the TRIANGLE would be very BULLISH. An exit to the DOWNSIDE of the TRIANGLE would be VERY BEARISH and with confirmation on the daily, I would then expect us to reach our TARGET DOWN of $20-24k. Again, confirmation to the downside would be very important. A breach of our support is not enough. We would need a second candle to open and close below support (BLACK ASCENDING TREND LINE) and preferably a third candle to follow suit. For now, the market remains inside this TRIANGLE, which I have called the FUD ZONE. Until anything significant is determined geo-politically, whether positive or negative, I don't think our station inside the triangle is going to change much. I expect us to remain inside the triangle, unless and until the market receives news (good or bad). This is just one more indicator to add to your array. Please be safe with your trades at this time. I wish you only the best. - Stew
INDEX:BTCUSD
by stewdamus
ETHUSDT needs to hold the supportOn the upper chart, we can see the daily timeframe where the price got rejections from the dynamic resistance and the weekly one on 3k. The price is testing a daily support and the market is trying to hold it on 2560$ On the lower timeframe the price is going to retest the previous zone as new resistance, we could see a pullback on 2610-2640. How to approach? We are monitoring the price, if the price is going to have a pullback and got a new rejection from the previous support and retest the daily resistance, 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 🦐
Short
by InkyGrip
8
Bearish 5-0 Entry Below Ascending Broadening Wedge Demand LineJust Like BTC Did a Few Weeks Ago , The SPY has broken below an Ascending Broadening Wedge Demand Line and has formed a Bearish 5-0 at the tail-end of the breakout. The Reciprocal AB=CD PCZ of this Bearish 5-0 takes us to the 55% Fibonacci Retracement and that's where we closed today. If we get follow-through price action we should see the SPY Continue Downwards from here and perhaps fulfil the Measured Move of the Ascending Broadening Wedge and take us all the way back down to $344.43
AMEX:SPYShort
by RizeSenpai
6