LCID is making its move while Fisker got halted and will be delisted. LCID has a rich uncle, a Saudi billionaire running the national wealth fund there. Fisker lost its suitor in Nissan and tried to raise cash by selling cars under cost. I would be afraid to buy a car from a company about to head into bankruptcy. Anyway, time to buy LCID for now, it has a...
LCID on a 30 minute chart showed a falling wedge from mid-December to late January then with breakout which took it 30% in one and a half days. This was a previous idea. I believe the news catalyst from Saudi Arabia prompted a burst of trader interest. The following day, the price began another falling wedge pattern for one week. It then broke out for a 10 %...
SOUN has been falling since March 21st and in the past week in a falling wedge pattern. It broke out above the wedge early in the 4/4 session and I opened my long trade position soon after in three separate pieces. I have set targets based on pivots or consolidation levels on the trend down including a standard Fibonacci retracement. The trend up will be ...
UVXY on the 30- minute chart is now in an establish falling wedge breakout. Increasing volumes lend support for bullish momentum as does the fear that rate cuts may be postponed the the market's bullrun may stall and correct. This chart is left clean with only trend lines drawn in recognizing that quite a few traders only have a basic subscription on...
EXK is a silver mining company with operations in USA Canada and Mexcio. On the daily chart, it has been in a falling wedge for more than six months. The earnings report was a 40% beat on earnings and 2% on revenue. Price broke above the wedge one week earlier. The price action has been supported by higher volumes. The Price Momentum Oscillator and Relative...
KOLD on the 15 minute chart shows a prior uptrend followed by a large falling wedge pattern from which in broke out then to form another smaller falling wedge. Anchored VWAP bands are added showing price is now just above the support of the mean VWAP line also confluent with the Fibonacci retracement of the uptrend of the first 20 days of February. The RSI...
Solara Active Pharma went thru a Turmoil after its Ex-CEO resigned almost 2 years ago citing reasons for his failure to manage the company's profitability After the new management took charge - it took 18+ months to stabilize and now to turn the stock to Bullish mode. Technical Pattern: On Weekly - Solara BO of a Falling Wedge Pattern from Jun 2022, but after...
Hello traders, Gold has broke out of the falling wedge pattern, the fair value gap has been filled and the chart is balanced. Gold has been forming a higher highs and higher lows which is a plus for the Pattern. Live a like and comment down below what you think about my analysis. Enjoy!
Completion of Harmonic Pattern Falling Wedge Top (Trendline Resistance) Breakout is observed Formation of HH, HL Double Bottom Formation A good potential setup with small SL is available for short term ride with further potential extension. trail SL
Price moving within Falling Wedge for quite some time. Breakout and Retest is observed Formation of HH, HL Support from MA 50,100 (Cross) -->1H TF Support from EMA 200 (Cross) -->1W TF Fib Levels and Horizontal Suppport Levels are marked for TPs possible formation of AB=CD in process Trade with Stop Loss Ride the trend with trailing stop loss
Moving within Falling Wedge Breakout and Retest is observed Formation of HH, HL Support from MA 50,100 (Cross) -->1H TF Trade with Stop Loss Ride the trend with trailing stop loss
Falling Wedge Breakout in play Entry at current price (Aggressive) Wait for HL formation/Retest of trendline (Conservative Entry) Dow Bullish trend in continuation Above 50 EMA Strong Horizontal supports (Weekly) are specified; Watchout levels as S/R Fib Levels are specified for TPs Trade with proper stop loss Ride the trend with trailing stop loss Do proper...