BTCUSD ascending wedge inception Big ascending wedge with small wedge inside.
I guess we can find more at smaller time frames.
Ascending Broadening Wedge
$LINK - Bearish Bat and Ascending Broadening WedgeLooks pretty clear to me, charts speak for themselves. Targeting price levels.
BCH retrace looks to be finishedWe have a confluence of events.
1. BCH is bouncing off the bottom of a broadening ascending wedge
2. Fib levels drawn from both lows I've marked with arrows show the retrace bouncing off the 618 and the 382
The chances that we continue to the top of the channel are high and the stop is very tight meaning that I can reduce my usual % risk and still get a good position size.
Gold forming ascending broadening pattern!on my previous analysis (link attached below!) I expected gold to decelerate at 1608 resistance level and moreover currently we are seeing gold forming ascending broadening pattern that might bring price going down to the 1594 support level, good luck ;)
Plan : trendline breakout --> wait for price to bounce off from horizontal resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
LINK/USDT - ascending wedge / short term pullbackLINK/USDT has performed nicely over the past weeks and is currently close the the tip of an ascending wedge.
It's likely that it will correct very soon and test if this new channel will hold.
One smaller move upwards is still possible so either keep it a small position for now or wait for breakout confirmation.
Targets are at the bottom of the small channel or if we see a bigger correction at the bottom of the lower channel.
Due to Binance's maintenance it still shows the price within the wedge because it's missing a few hours but on the futures chart it already broke out bearish.
Good luck and let me know what you think!
Parabolic curve pattern And The Ascending Broadening Wedge
The objective is 183 the fibo 0.618.
Here we go before bullrun
Classic bullish DivergenceSTML has formed a classic bullish divergence in which the price is making lower lows while the oscillator associated (in this case the RSI) is making higher lows. Another 'hidden' version of this exists and i am doing my best to try find an example of this.
GBPUSD Possible sell opportunityGBPUSD 1H Ascending wedge formation ---> Bearish Breakout
RSI over bought condition ---> Bearish
===> Possible Sell setup
NZDUSD, ascending broadening wedge pattern has formed!Plan : wait for prices to bounce off horizontal resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURUSD - Ascending Wedge - Next Swing HighHi Traders,
The market is moving in a clear market structure.
We have an overall uptrend with higher highs and higher lows.
The market is now at the bottom of the wedge and we're expecting a swing high.
Our target is at the next resistance, where more sellers could come in.
The TP is at 100 pips and the SL at 32 pips.
We recommend to buy the market after a confirmation with a risk-to-reward ratio of 1 to 3.
Thanks and good luck :)!
NZDUSD buy limitThe price has formed a bullish momentum and it has rejected once again the trendline of the ascending wedge so we are expecting a bigger drawback in order to buy again.
There is a confirmation that the price will continue the bullish momentum in the RSI indicator.
Comment your opinions!
AUDJPY short term outlook: great sell opportunityHello everybody, I expect an AUDJPY falldown from the ascending wedge that it did form.
CSLLY Double BumpCSLLY has experienced many chart pattern formations over the years, including a horn bottom, an Adam bottom, an ascending broadening wedge which led to a bearish reversal, and is currently experiencing a ‘bump and run’ pattern. ~0.75 regression uptrend, overall very bullish even if a small bearish pullback does occur. A lot of bump and run patterns seem to be present within various pharmaceutical companies. Maybe its just my selection preference..
JD Symmetry JD has formed a falling wedge, which has sparked a bull run leading to the formation of a diamond top with a double Adam structure, consequently this top created a bearish run pushing the price down to ~ $19, since then a bearish ascending wedge has formed, this may induce a movement similar to that before the falling wedge, indicated by purple fractal. Some beautiful symmetry.
COST Regression analysisPresence of a rising wedge, broadening ascending wedge, Costco has been on a massive bull run. Rounded top also present which may be indicative of a bearish move, but with the strong rising channel and regression trend of 0.92 (strong regression trend according to Pearson's R value) the chart appears definitely more bullish rather than bearish.
BTCUSD | Going down to $6 000 levelA confident and sharp growth of Bitcoin's value this summer brought most cryptocurrency holders to a bullish mood. However euphoria finished with a last parabolic wave on 26th of June. Further price action formed a standard for Bitcoin triangle which unfortunately was broken down on the 24th of September (Point I at the chart).
Further an ascending broadening wedge was formed which is a strong bearish sign. An ascending broadening wedge is a bearish chart pattern (a reversal pattern). It is formed by two diverging bullish lines. An ascending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines. The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at least twice to validate the pattern.
These touches are displayed at the chart and we can see that price sharply broke down at point II but then met a strong support and bounced above Fib 0.5 level. However ascending broadening wedge resistance rejected further growth and at point IV price action confirmed bearish trend.
Currently the price is at point V and crawls down near with the major resistance which was formed by the original triangle upper edge created by the June's pump. In case of continuation the price will reach $6 000 level within 20 days.
The most important is that the mentioned point of $6 000 is also a place of crossing with the major support which rejected very bearish pattern last time thus with a high probability a new bull run will start there
Stay tuned to receive updates to this trading idea
Best regards,
SkyRock Signals
Small-Caps May Be Set For Pull BackThe iShares S&P Small-Cap ETF has been in a bearish wedge pattern on its daily chart since early October. The price is once again testing the resistance line. The price is near an overbought condition while generating a bearish divergence on the RSI indicator.
I am targeting the support line of this wedge pattern first. If the price is able to break down through that support line then I will look at the $80.30 price level noted on the chart.
HBAN - Weekly Chart BreakoutHuntington Bancshares broke out of an ascending triangle pattern last week & has continued to see its bullish momentum continue. The stock is showing relative strength across the board whether talking about the SPY or its sector/industry.
I would like to see it hold above the breakout level but I have my two initial price targets noted on the chart.
GBPUSD 60 Minutes chart Possible BEARISH Breakout.....- Ascending wedge formation ----> BEARISH Breakout
- Hidden Bearish divergence with OBV indicator ----> Bearish Trend continuation
GBPUSD 15 minutes possible BEARISH Break out...... - Ascending wedge formation ---> Bearish break out
- Hidden Bearish divergence with OBV indicator ---> Bearish trend continuation
