On the chart of Intel Corporation (INTC), we can see two bullish reversal patterns on a daily timeframe. We can see a Descending Broadening Wedge. This is a typical bullish reversal pattern. Once the price breaks out of the upside of the pattern the highest point of the pattern becomes the target. The second pattern is a forming Double Bottom. This pattern...
The Hourly setups have been stopped out and the SPX has gone significantly deeper but now looking at the Daily Setup and it gives reason to think it can continue up from here. We are at the Demand line of the Descending Broadening Wedge and are trading at what could be a Bullish Gartley. From this point I'd put stops below the 800 Day EMA and enter bullish...
SNX has Double Bottomed within this Broadening Wedge Pattern and is now attempting to Breakout of the Wedge and close above a major weekly candle close. if it can successfully do so i think it could easily target up to the 0.618 Fibonacci Retrace.
Currently, the price of FTMUSDT is attempting to break out of a descending channel after a clear retest of the 0.5 Fibonacci level. A descending channel is a technical pattern in which the price of an asset moves downwards between two parallel trend lines. The upper trend line acts as a resistance level, while the lower trend line acts as a support level. The...
We have a Confirmed Partial-Decline of the Descending Broadening Wedge; The Bullish Target would take us to $6.30 but we have room to push to around $10.50
A falling wedge pattern seems to be forming the daily chart. Waiting for confirmation for entry.
FTM is above a previous congestion zone and is attempting to breakout of a Descending Boradenign Wedge. If we breakout and reach the Full Measured Move it will Hold Support and Rally to $0.675
We have a Bullish Gartley on the 30 Minute and a medium sized Bullish Shark on the Daily within the local range above the support zone. If we can trade back above the zone marked in the white box on the bottom right chart we will likely reconfirm our partial decline from there and breakout of the overall Descending Boradening Wedge and go for Macro Targets between...
During my trading journey I have learn that when the price gets back inside of the pattern, after a Fake Breakout then there is a high probability that there will be a breakout on the other side of the pattern. And for that reason I'm log with this pair. On weekly we can see that the price is coming back inside of descending channel - bullish pattern.
On the Dash chart, a descending broadening wedge has appeared (1h-timeframe). A descending broadening wedge is a bullish reversal pattern. The trade can be entered once the price breaks out of the pattern to the upside. The target is the height of point B. At the moment the price is overbought when looking at the RSI. In our opinion, the price is going to drop...
TBIG . D1. Descending broadening wedge pattern. Opening at last candle = closing at previous candle. SL 2200 TP1 2460 TP2 2650 IDX:TBIG
Bitcoin extensions if we break the channel/range to the upside and/or if we break this descending wedge to the down side. Gonna be a big week.
• PYPL is doing a Descending Broadening Wedge in the weekly chart; • This week it went up almost 20%, and it is in a key resistance area, made by the upper purple trend line and by the 21 ema; • In theory, PYPL would correct next week, however, if the bullish momentum persists, PYPL would break this Descending Broadening Wedge, and in this scenario, the next...
Both the DJI and the SSPX have been trading within this Descending Broadening Wedge since the year begun and both have shown Bullish Variables that have allowed it to hold above a Horizontal Support Level. In this time The Potential for a Partial Decline has made itself present on the chart but the SPX has yet to confirm the Partial Decline of the Descending...
SIDO. D1. Descending broadening wedge pattern. TP1 785 TP2 860 SL 695 Entry can be done at the last closing price or we can wait until the next swing low after retracement.
We may attempt a Partial-Decline of the Descending Broadening Wedge thanks to the assist from this Bullish Bat. The Bullish Target would take us to $6.30 but due to how Bearish the Macro has been I'll also take some off at $2.0
After bad CPI numbers US30 managed to get to 28600 which is previous low. Scenario 1. US30 is currently forming a kind of double bottom or "W" pattern, it will be confirmed as it breaks the neckline which is around 30312-30473. Breaking that zone would confirm that's its double bottom. Target of this pattern is usually the size from bottom to the neckline. which...
CHZUSD is forming a descending broadening wedge pattern. The RSI shows that CHZUSD is oversold, which would indicate upcoming bullish momentum. The price is also touching the bottom of the Bollinger band, which would also indicate upcoming bullish momentum. Still waiting for the volume to increase even more.