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Falling_wedge

BTCUSDT Falling wedge and demand zone The price got a rejection from the 0.382 Fibonacci level on the monthly timeframe. On the weekly timeframe, we can find the higher low. As you can see in the video the price created a demand zone around 33k, and the price could retest this area if the price is going to have a new bearish impulse. On the 4h timeframe, the price is going to create a falling wedge. How to approach? IF the price is going to have a breakout from the falling wedge and SATISFY our rules, we could open a new long position, otherwise, if the price is going to have a bearish impulse we could see a retest of the demand zone on 33k area. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
20
Bearish Megaphone on the SPY - UpdateJust posting another update here on the SPY- Bearish megaphone is playing out as expected but also a very big week for the markets fundamentally & technically speaking. The SPY rejected its 200day SMA today while simultaneously forming a right shoulder to complete a head and shoulders (Bearish) on the weekly timeframe. Additionally, the SPY formed a bearish butterfly harmonic pattern on the daily timeframe. However, there does appear to be a smaller bullish falling wedge within the bearish megaphone charted above. As I see it, the SPY went to breakout from the falling wedge but got rejected by its 200-day SMA after Federal Chairman Jerome Powell stated that a 50 bps rate hike is "absolutely essential". Big tech earnings (AMZN & GOOG) have the potential to single-handedly carry the S&P 500 so will certainly be interesting to see the rest of the week as to what's to come. Some FIB levels and RSI-based supply and demand zones to keep an eye on in the meantime, bearish and hedged- (Previous Charts Attached Below) --Previously Charted--
AMEX:SPYShort
by jacobosiason7
1
Falling Wedge - Earnings Play (Update)PYPL has been trading sideways for quite some time now after selling off after earnings. PYPL's holding a big falling wedge going into earnings with bullish hidden divergence on the RSI, multiple gaps to fill on the upside and is also in oversold territory. Earnings plays are always a gamble in my opinion. Personally am bullish and will be looking for a breakout from this wedge and for PYPL to go for the gap fill on the upside (Broader Market Conditions Permitting), please exercise your own due diligence given that it is an earnings play- just some FIB levels along with some RSI based supply and demand zones to keep an eye on in the meantime- - Falling Wedge on the Daily, 4-Hour, and Hourly Timeframes - RSI Oversold - Bullish Hidden Divergence on the RSI - Multiple Gap Fills on the Upside
NASDAQ:PYPLLong
by jacobosiason7
5
Falling Wedge- Bullish - UpdatePosting a quick update on AAPL here as this falling wedge caught my eye. AAPL setting up nicely here holding a big falling wedge on the daily timeframe while also flagging on the weekly timeframe. AAPL closed on Friday reclaiming its 100-day EMA and seemingly looking to reclaim the 50-day as well. MACD golden cross along with some bullish hidden divergence on the RSI, Bollinger Bands are also starting to squeeze (Not Pictured). Additionally, AAPL has earnings coming up on May 3rd. AAPL is almost always a classic case of "buy the hype, sell the news" . That being said, am expecting a run-up into earnings so will certainly be looking for a breakout from this falling wedge (Broader Market Conditions Permitting). Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous Charts Attached Below - Falling wedge on the Daily timeframe - Bollinger Bands Daily Weekly Timeframe (Not Pictured) - Slight bullish hidden divergence on the RSI - MACD Golden Cross PT1- $164.48 PT2- $165.55 PT3- $166.60 PT4- $167.30+ --Weekly Timeframe-- --Previously Charted--
NASDAQ:AAPLLong
by jacobosiason7
3
Falling Wedge- Watching CloselyCRM holding quite a big falling wedge here on its daily chart after closing Friday reclaiming the 50-Day SMA. CRM is currently sitting on its 50-Day SMA as well as the .786 FIB level, which also happens to fall right on a major RSI-Based Supply level. CRM additionally has multiple gaps on the upside to fill. Bullish on CRM long-term and will be watching closely for a breakout if buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets Attached Below - Buyer volume picking up relative to seller volume - Reclaimed the 50-Day SMA - Falling Wedge - Gap Fill on the Upside circa $238.87-$243.22 PT1- $212.74 PT2- $214.68 PT3- $217.10 PT4- $219.52+
NYSE:CRMLong
by jacobosiason7
3
SE- Watching For a BreakoutSE has seemingly found a bottom here as buyers step in. SE is currently sitting right on a big RSI-Based supply level after reclaiming its 20-day EMA. Will be watching SE closely for a breakout here as it has also formed a bullish ABCD harmonic pattern formed on the daily timeframe (Not Pictured). Additionally, SE is holding quite a large falling wedge on the Weekly Timeframe along with some bullish hidden divergence on the RSI and a Bullish Gartley harmonic pattern (See Attached Chart Below). Bollinger bands are squeezing as well on the 4-Hour timeframe accompanied by more bullish hidden divergence. Bullish & will be watching closely for a breakout if buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- - Falling Wedge on the Weekly Timeframe - Bullish Gartley Harmonic Pattern on the Weekly Timeframe - Bullish ABCD Harmonic Pattern formed on both the Daily and 4-Hour Timeframes - Bollinger Bands Squeezing on the 4-Hour Timeframe - Reclaimed the 20-day EMA - Buyer Volume Picking up relative to seller volume PT1- $128.57 PT2- $130.62 PT3- $132.74 PT4- $134.86+ --Weekly Timeframe-- --4-Hour Timeframe--
NYSE:SELong
by jacobosiason7
1
Flagging- Bullish - UpdateSQ catching my eye here after finally picking up some momentum after taking a beating along with the rest of the fintech stocks of the likes of UPST ROKU AFRM PYPL etc. However, with buyers stepping in and reclaiming the 50-day EMA, will certainly be eyeing SQ in the coming weeks for another leg up. Buyer volume is steadily increasing relative to seller volume, hidden bullish divergence on the RSI on nearly every timeframe, bullish ABCD harmonic pattern on the daily timeframe as well (Not Pictured). Falling wedge accompanied with a MACD golden cross on the weekly timeframe, bullish hidden divergence on the RSI, and a bullish Gartley harmonic pattern formed (See Attached Chart Below). Bullish and will be watching closely for another push up as buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Previous charts & Price Targets attached in the description below PT1- $138.47 PT2- $142.49 PT3- $145.15 PT4- $146.81 --Weekly Timeframe --Previously Charted
NYSE:SQLong
by jacobosiason7
6
Falling Wedge- Bullish - UpdateJust posting a quick update here as GS has gotten beaten down as the broader markets pulled back but has seemingly found some support after reclaiming its 20-Day SMA. GS is lagging the XLF at the moment, however, looks to be setting up nicely for a big breakout. GS respected support nicely with a triple bottom around the $228 mark. GS is holding within a nice falling wedge along with forming an inverse head and shoulders & bullish Gartley harmonic pattern on the hourly timeframe. Additionally, Bollinger bands are squeezing along with some bullish hidden divergence on the RSI on the 4-hour timeframe, and a golden cross on the MACD on the daily timeframe. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous charts are attached below - Falling Wedge - MACD Cross on the Daily Timeframe - Sitting on the 20-day SMA - Bullish Gartley Harmonic Pattern Formed on the Hourly Timeframe - Bullish Hidden Divergence on the RSI on the 4-Hour Timeframes as well PT1- $340.23 PT2- $342.28 PT3- $344.08 PT4- $345.73+ 4-Hour Timeframe Hourly Timeframe Previously Charted
NYSE:GSLong
by jacobosiason7
2
Falling Wedge- Bullish (Long) - UpdateRUN looking really nice here heading into earnings sitting right on its 9-Day EMA. Big Falling wedge on both the daily and weekly timeframes (See Attached Chart Below), Bollinger bands are starting to squeeze (Not Pictured) as buyer volume starts to pick up relative to seller volume. Slight bullish hidden divergence on the RSI on the daily timeframe & the weekly timeframe along with a bullish Gartley harmonic pattern formed on the weekly timeframe- Bullish and will be looking for a breakout from this falling wedge (broader market conditions permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime (Previous Charts Attached Below) - Falling Wedge - Bollinger bands are starting to squeeze (Not Pictured) - Slight bullish hidden divergence on the RSI on the daily timeframe & the weekly timeframes - Bullish Gartley harmonic pattern formed on the weekly timeframe - RSI getting out of oversold territory as buyer volume starts to pick back up PT1- $23.87 PT2- $24.60 PT3- $25.54 PT4- $26.06 + --Weekly Timeframe-- --Previously Charted--
NASDAQ:RUNLong
by jacobosiason7
4
Falling Wedge- Bullish - UpdateBig falling wedge on LAC here- Played the last run-up when it was setting up very similarly to how it is now. Clean Bullish hammer bouncing right off the 200-day EMA, some bullish hidden divergence on the RSI, MACD golden cross. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime - Falling Wedge - MACD Golden Cross - Hammer off of the 200-day EMA - Bullish Hidden Divergence on the RSI PT1- $25.89 PT2- $26.94 PT3- $27.38 PT4- $30.53 --Previously Charted--
NYSE:LACLong
by jacobosiason7
3
Falling Wedge- BullishDDOG starting to look really nice here. Starting to breakout of a big falling wedge it's been holding for quite some time now after bouncing right off the 200-day EMA. Bollinger bands are also squeezing (Not Pictured), MACD golden cross on the daily timeframe, bullish bat harmonic pattern formed on the 4-Hour timeframe along with some bullish hidden divergence on the RSI. Will be watching DDOG closely for a breakout here (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout from this wedge - Falling Wedge - MACD Golden Cross - Bollinger Bands are squeezing (Not Pictured) - Bullish Hidden Divergence on the RSI on the 4-Hour Timeframe (See Attached Chart Below) - Bullish Bat Harmonic Pattern on the 4-Hour Timeframe (See Attached Chart Below) PT1- $146.33 PT2- $148.60 PT3- $150.35 PT4- $154.86 + --4-Hour Timeframe--
NASDAQ:DDOGLong
by jacobosiason7
7
Falling Wedge- Bullish - UpdateENPH looking really nice heading into earnings here. After getting beaten down below the 200-Day SMA where it's previously found support, ENPH just reclaimed the 20-Day EMA & is currently sitting on the 20-Day SMA. Big falling wedge on the daily timeframe and massive hidden bullish divergence on the weekly timeframe (Not Pictured). RSI is finally starting to come out of oversold territory as buyer volume picks back up. Bollinger bands are also squeezing (Not Pictured) in addition to some slight hidden bullish divergence on the 4-hour timeframe. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- see previous charts attached below for previous price targets. - Falling Wedge - Reclaimed the 20-Day EMA - RSI Finally Out of Oversold Territory - Massive Bullish Hidden Divergence on the RSI on the Weekly Timeframe (Not Pictured) - Bollinger Bands Squeezing (Not Pictured) - Buyer Volume Picking Back Up PT1- $143.38 PT2- $145.42 PT3- $146.71 PT4- $148.66 + --Previously Charted--
NASDAQ:ENPHLong
by jacobosiason7
2
Symmetrical Triangle - UpdateHD catching my eye here after it bounced off the long-term uptrend it has been holding- Currently sitting right on its 200-day EMA, seemingly looking to reclaim and close above the .786 FIB level, MACD cross on the 4-hour, forming a big symmetrical triangle while also starting to break out of a falling wedge on the hourly timeframe. Additionally, HD formed a massive bullish shark harmonic pattern- Personally am bullish and will be looking for a breakout here (Broader Market Conditions Permitting) Just some FIB levels & RSI-based supply and demand zones to keep an eye on in the meantime - Previous charts are attached below - Bullish Shark Harmonic Pattern - MACD Golden Cross on the 4-Hour Timeframe (Not Pictured) - Breaking out of a falling wedge on the hourly timeframe (Not Pictured) - Sitting on the 200-day EMA as well as the .786 FIB level - RSI starting to get out of oversold territory with buyer volume picking up PT1- $360.68 PT2- $361.17 PT3- $362.12 PT4- $354.20 --Previously Charted--
NYSE:HDLong
by jacobosiason7
4
Falling Wedge- Bullish (Long) - UpdateBeen a while since I've posted an update on ETH, starting to catch my eye here as it continues to sell off for potential long entries. ETH is holding quite a large falling wedge here on the daily timeframe but also is testing a long-term uptrend line. ETH is also seeming to be following an ABCDE Elliot wave so will be looking for a potential bounce or breakout after completion. (correctional wave, however, if at the end of the E wave there is no demand on the buy side, there will be no breakout). Lastly, something certainly worth noting and keeping an eye on the weekly timeframe- a bearish bat harmonic pattern is formed and currently playing out (See Attached Chart Below). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bearish in the short-term but bullish in the long-term so will be watching closely for potential long entries, all previous charts are attached below - Falling wedge on the daily timeframe - RSI in oversold territory on the daily timeframe - ABCDE Elliot Correctional Wave playing out - Bearish bat harmonic pattern on the weekly timeframe (See Attached Chart Below) - Declining volume on the weekly timeframe (See Attached Chart Below) --Weekly Timeframe-- --Previously Charted--
KRAKEN:ETHUSDShort
by jacobosiason7
Falling Wedge- BullishWatching SOL closely here, treading lightly in the crypto space with all of the FUD surrounding pending regulations. However, SOL is looking quite nice here and is currently sitting right on its 200-Day EMA. Additionally, SOL is holding a big falling wedge with a little cup and handle at the end. Bullish on SOL long-term and will be watching closely for a breakout from this wedge- just some FIB levels along with some RSI based supply and demand zones to keep an eye on in the meantime - Falling Wedge - Cup and Handle - Sitting right on its 200-Day EMA & Bounced off the .00 FIB Level - Bollinger Bands are Squeezing (Not Pictured) - Slight Bullish Hidden Divergence on the RSI on the 4-Hour Timeframe (Not Pictured) - Buyer Volume Picking Back Up
SLong
by jacobosiason7
Falling Wedge- BullishWatching NVDA closely here- a bit wary of big tech at the moment, however, NVDA is setting up quite nicely holding a big falling wedge. Bollinger bands are starting to squeeze (Not Pictured), slight bullish hidden divergence on the RSI & MACD golden cross on the 4-Hour timeframe (See Attached Chart Below). Lastly, looks like NVDA went to try & reclaim the 50-day EMA but hard rejection off of it. Will be looking for a breakout from this wedge and for NVDA to reclaim the 50-day EMA (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout from this wedge - Falling Wedge - Bollinger bands are starting to squeeze (Not Pictured) - Slight bullish hidden divergence on the RSI on the 4-Hour timeframe (See Attached Chart Below) - MACD Cross on the 4-Hour Timeframe (See Attached Chart Below) PT1- $225.25 PT2- $276.31 PT3- $281.39 PT4- $284.56+ -- NVDA 4-Hour Timeframe --
NASDAQ:NVDALong
by jacobosiason7
Falling Wedge- Bullish - UpdateNice falling wedge on CAT here along with some slight bullish divergence on the RSI. Will be watching CAT closely here for a breakout from this wedge (Broader Market Conditions Permitting). Definitely worth noting that CAT is a relatively slow mover so likely will be a longer-term play. Bullish- just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on in the meantime. -Previous Charts are attached below- - Falling Wedge - EMA's converging & starting to curl upwards - Bollinger Bands starting to squeeze (Not Pictured) - Slight Bullish Divergence on the RSI (Not Pictured) - MACD Golden Cross - Buyer volume picking up to seller volume PT1- $207.79 PT2- $208.61 PT3- $210.79 PT4- $211.34 --Previously Charted--
NYSE:CATLong
by jacobosiason7
4
Falling Wedge- Bullish - UpdateJust posting a quick update on SQ here as it has gotten beaten down badly amidst all of the intraday volatility. However, respected support nicely and is holding quite a large falling wedge. Bullish and will be watching closely for a breakout from this wedge as buyers start to step in (broader market conditions permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Previous charts are attached in the description below - Bollinger Bands Squeezing on the hourly timeframe (See Attached Chart Below) - Slight bullish hidden divergence on the RSI on the hourly timeframe (See Attached Chart Below) - MACD Cross on the Hourly Timeframe (See Attached Chart Below) - Falling wedge on the daily timeframe - Sitting right above the VWAP - Bullish Hidden Divergence on the RSI on the Daily Timeframe as well PT1- $168.13 PT2- $171.21 PT3- $172.24 PT4- $175.51 + --Hourly Timeframe-- --Previously Charted--
NYSE:SQLong
by jacobosiason7
2
Falling Wedge- Bullish - UpdateENPH starting to look really nice here after pulling back to the 200-day EMA following new ATHs. Big falling wedge forming on the 4-Hour and Daily Timeframes. Certainly a longer-term play, however, bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting). Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- Bullish and looking for a breakout, see previous charts attached below for previous price targets. - Bullish Hammer off the 200-Day EMA - RSI in Oversold Territory - Falling Wedge - Slight Gap to FIll on the Upside - Holding Above VWAP on the 4-Hour (See Attached Chart Below) - Falling Wedge on the TAN ETF as well PT1- $185.37 PT2- $187.64 PT3- $189.36 PT4- $191.48 --4-Hour Timeframe-- --Previously Charted-- --TAN--
NASDAQ:ENPHLong
by jacobosiason7
2
Falling Wedge- Bullish- Gap FillFVRR catching my eye here as it's one of those stocks that can really move with volume. Holding a nice falling wedge with buyers starting to step in, some slight bullish hidden divergence on the RSI, Bullish bat (Alt Bat) Harmonic formed, and Bollinger bands squeezing as well. Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on in the meantime - Falling Wedge - Bullish Hidden Divergence on the RSI - Gap Fill on the Upside - Bollinger Bands Squeezing - Bullish Bat Harmonic Pattern Formed PT1- $123.46 PT2- $124.84 PT3- $125.52 PT4- $128.92 +
NYSE:FVRRLong
by jacobosiason7
Falling Wedge- BullishNET starting to catch my eye here after holding this falling wedge for quite some time now. Seemingly has found some support as it closed on the daily timeframe sitting right on its 200-Day EMA. Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on the meantime- Hourly Timeframe Attached Below - Sitting on its 200-day EMA - RSI is Nearing Oversold Territory (Not Pictured) - Bollinger Bands Squeezing on the Hourly Timeframe (See Attached Chart Below) - Bullish Hidden Divergence on the RSI on the Hourly Timeframe (See Attached Chart Below) - MACD Cross on the 4-Hour Timeframe (Not Pictured) - Buyer Volume Starting to Pick up Relative to Seller Volume PT1- $132.34 PT2- $134.40 PT3- $136.36 PT4- $138.92 --Hourly Timeframe--
NYSE:NETLong
by jacobosiason7
2