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Descending

Tesla Broke Descending Wedge Tesla broke descending wedge pattern on Thursday, December 22, 2022. There is heavy open interest at the $130 OTM strike price expiring 12/23/22. The stock has the potential to tap the bottom of the descending wedge pattern (yellow line) and fall down into the $90 range over the coming months. Also, gap fill below $100. We will see if gaps fill. Disclaimer: Stratford Capital Partners' posts reflect the research and opinions of only the authors who are associated persons of Stratford Capital Partners Ltd. The posts are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the posts is not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Stratford Capital Partners Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
NASDAQ:TSLAShort
by atrusik
AUDCAD at upper trendline of descending channel on 1WAUDCAD is currently trading at upper trendline of a descending channel on the weekly timeframe. This can give a good short opportunity with a confirmed rejection from the trendline and price moving below the resistance zone. Aggressive traders can take a short now with a SL above 0.932 as there is bearish price action on LTFs. With successful trade, I would book 50% of position at TP1, 50% of remaining at TP2 and all remaining at TP3 OR that also can be 50% split to go for TP4 ( touching the bottom trendline) with appropriate trailing SLs all along.
Short
by MetaservCc
BTC !!! the biggest descending broadening wedge patternHi dear community and my lovely followers. I posted BTC bullish megaphone chart pattern in my previous analysis and now I would like to bring your attention to this weekly descending broadening wedge bullish chart pattern. As you now BTC loves triangles and wedges)) Look how many descending broadening wedges had been broken since 2018)) but the recent is the biggest. Later when this broadening wedge will be broken I will post about the targets. The bellow ideas are from my previous analysis coz the circumstances and the situation are the same. I think the recent dump to 15.5K is a fake breakdown/bear trap/ with double bottom + RSI bullish divergence like 2021 November top, which was a false breakout/bull trap/ with double top+ RSI bear div . So I think the real bottom was at 17.5K in June like the real top in 2021 April. I'm considering that BTC has succeeded to break RSI diagonal trendline and now It is making a retest, I think it will hold and send BTC to 28-30K. On chart you can find my explanation why I think RSI diagonal resistance has broken.
BITSTAMP:BTCUSDLong
by ergal91
2
SANDUSDT wants the breakout?The price is inside a descending channel on the 4h timeframe after the market bounced on the dynamic support on the daily one. Not the price is testing an important resistance on the 1.4$ area. How to approach it? IF the price is going to have a breakout from the resistance and retest it as new support, 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
4
Easy trading Setup For APPLE (AAPL) – Triple BottomHi Traders, Looking at Apple Stock today on the 1-hour time frame. We see a nice potential triple bottom playing out. Price has been respecting the descending trend line as well as the neckline of the triple bottom. Once the price broke out of the neckline as well as the descending trend line, we had a nice bullish volume bar to accompany it. Once the market opens, I will be looking for a retracement back into the neckline. My long position will trigger then and my targets are previous resistance. Let's see how this plays out. ( I'm not a massive triple bottom trader however, this one has me curious haha ) Have a good Tuesday! The Vortex Trader
NASDAQ:AAPLLong
by TheVortexTrader
1
BTCUSDT descending triangleDear Friends! On BTCUSDT we can see that for couple of times already the price could not anymore touch the top of the channel it was trading in. This means that the supply is increasing and demand is decreasing and this is forming a descending triangle pattern on chart. The demand will eventually be depleted at the 28600 resistance therefore we can expect the price to freefall from there on to 27000$ because there will be no demand left so it is a freefall and then possibly to 21000$ in the next 1-3 days. sell at 28600$ stop loss at 29500$ 1st profit target 27000$ risk & reward ratio 1:2 2nd profit target 21000$ risk & reward ratio 1:10 once price reaches 1st profit target then either take profit or set the stop loss to break-even at 28600$ Happy Trading!
Short
by p1ng
OGNUSDT is creating a descending channelThe price is creating a descending channel on the 4 timeframes and now the market is getting the liquidity from the daily demand. At 0.5 $ the price has a resistance. How we can approach it? If the price is going to have a breakout from the descending channel and retest the 4h resistance as new support, 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
4