Get started

Rising Wedge

NIFTY 50 ANALYSIS ON RBI'S MEETINGmarkets fell, indicators supporting!! rising wedge pattern is formed. RSI will react in the same way as there previous ones are. markets will reach its bottom point of its crucial trend line support, and will start moving up the next week. this week's was a crucial point, as FED'S meeting led to fall in our markets, and a further fall due to RBI's announcement. markets will be correcting till the decision comes, hence this two days, markets will reach 16520.
NSE:NIFTYShort
by raghavchoudhary2016
USDJPY ! Resistance action, short trade idea.USDJPY is trading swing high levels as Japan's central bank talks about taking notice. At point 1 , price makes a swing high and sells off sharply afterwards. This is when most trades will start noticing the level and they are prepared to sell when price comes back. At point 2 , price is approaching the level again but turns ahead of the line. Many traders have missed this entry and are probably very frustrated – you can be sure that next time price comes back, they will enter more aggressively. Sure enough, price breaks through the resistance level At point 3 and all the traders that have missed the entry at point 2 and who now entered early are caught on the wrong side. At point 4 , price again respects the resistance level to the point
Short
by YertuntsTrader
4
BCH/USDT : Broken below the rising wedgeBINANCE:BCHUSDT BINANCE:BCHUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $BCH is breaking below the rising wedge with the current candle, However, It's better to wait for a proper confirmation below the wedge before taking any action. In terms of that, I'll be waiting for confirmation below the mark and take Short after it. - Stop-Loss should be located above $123.5 Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
2
Gmt/USDT Short📉 15minN.B. My strategy is based on huge explosive profit or very little profit so without breakeven stop loss at the right time we will lose in very little profit so follow me if you want to know breakeven stop loss Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors. How this analysis was done: First I find usdt pairs using crypto screener then if all Three×3 in 1 indicators gives main entry confirmation at the same time I go with the analysis then I find Support and Resistance zones in 3x entry timeframe also using one of the three indicators for backing up my analysis and filter bad signals then I also make trendlines using two of the 3 indicators in 3x entry timeframe for filter out more bad signals then again using one of the 3in1 indicators I filter fake breakout in entry timeframe and in higher time frame and then if other minor conditions is confirmed the analysis is done. Take profit: Take profit is dynamic/trailing stop loss/trailing take profit Trading and investment in the financial markets always involves high risk, So In order to succeed using our signals make sure you have learned the essential skills for money and risk management To SUPPORT this channel, please press the LIKE button, COMMENT and Share with your friends
Short
by TrueUrBoss
1
Dollar index DXY - Everything collapses because of this! Except for DXY, everything is falling apart because everyone is selling their assets and buying dollars instead as a safe haven! Traders usually also need USD to open short positions on futures and speculate on price decreases. The dollar index is incredibly strong and this trend should continue for another few years. According to my analysis and to this chart, 2025 seems like a reasonable year for a trend reversal of this ticker. Keep in mind that this is the monthly chart for DXY and the price is printing a massive parallel channel on the linear scale and also on the log scale as well. As per my Elliott Wave analysis, we are currently in the strongest third wave and I expect to touch the upper trendline of the parallel channel before we can experience a corrective fourth wave. After that, the 5th wave will come into play, and we can definitely throw over the parallel channel and find resistance at the previous swing high from 2001. The DXY is a great indicator for traders and everyone should keep an eye on it. Interest rates are going up, and this is a negative indicator for the stock market. Look at my ideas about Gold and Bitcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
TVC:DXYLong
by UnknownUnicorn2537518
69
Vet/USDT Short📉N.B. My strategy is based on huge explosive profit or very little profit so without breakeven stop loss at the right time we will lose in very little profit so follow me if you want to know breakeven stop loss Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors. How this analysis was done: First I find usdt pairs using crypto screener then if all Three×3 in 1 indicators gives main entry confirmation at the same time I go with the analysis then I find Support and Resistance zones in 3x entry timeframe also using one of the three indicators for backing up my analysis and filter bad signals then I also make trendlines using two of the 3 indicators in 3x entry timeframe for filter out more bad signals then again using one of the 3in1 indicators I filter fake breakout in entry timeframe and in higher time frame and then if other minor conditions is confirmed the analysis is done. Trading and investment in the financial markets always involves high rish, So In order to succeed using our signals make sure you have learned the essential skills for money and risk management To SUPPORT this channel, please press the LIKE button, COMMENT and Share with your friends
Short
by TrueUrBoss
4
daily chart analysis for SUMICHEMStock analysis for SUMITOMO CHEMICAL IND LTD keep watching add to watch list price falling each time when touches to upper trend line with conforming signal by RSI falling when it touch to 70 again price is testing upper trend line and RSI at 70 from here we can expect down side move in stock to lower trend line if price successfully closes above upper trend line then it may go more up side if price breakdown the lower trend line then rsi trend line will also break then will consider it more fresh selling and fall in price
NSE:SUMICHEM
by ProfitPicks
Bitcoin - Game over! 3000 USD next target, bear market 2025 The bubble has popped, but now for real! We can reach 3000 USD next year without any problem because this exponential growth in bitcoin is over. As you can see on the chart, we had a very nice parabolic uptrend, but nothing lasts forever, and it's not sustainable to hold this curve. We need to cool down for a few years so we can start a new uptrend (wave 3) in the long run. Bitcoin is clearly losing steam on the monthly chart. Satoshi Craig Wright in 2020 said "BTC is not going to go to $100,000". Never? Is he right or not? Tell me in the comment section! It looks like everyone who bought bitcoin in the last 5 years is too late to the party. The 12-month candle is printed as a shooting star, which is indeed extremely bearish. The major trendline from 2013 is breaking down, which is definitely not a positive sign! As per my Elliott Wave analysis, we have finished a major impulse wave and we are looking for an ABC retracement. The usual target of a C wave is at the start of wave 4. The price is below the 200 weekly moving average for the first time in history. This MA is considered a strong support by huge institutions and hedge funds. It's very important. I expect tremendous gains for GLM (golem). You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
BITSTAMP:BTCUSDShort
by UnknownUnicorn2537518
190
OH MY $SPY !! Here is my full analysis - Lots to Review!$SPY has me on the edge of my chair here on the weekly and boy is there lots to review.. Let's start with where we left off last time..  The INVERSE HEAD & SHOULDER is still in play, I know, I sound like a broken record, but it's true, not broken, and we closed the daily on the $390 support level to back up this theory. (Green Outline) represents a BROADENING DESCENDING WEDGE (Bullish) which has been respected since the beginning of the year in January. A bounce off $390 will send it upwards to a 3rd tap of the upper trendline and possibly break-through. A break through does not necessarily mean new ATH, OMG we broke through, "new all time highs" .. umm no sir .. this particular pattern could break-out and epically FAIL.. here is why.. (Purple Outline) is highlighting a RISING WEDGE (Overall Bearish) - should we hold the line here, at $390 on the weekly, this pattern will continue upwards to tap the upper trend for a 3rd time (generally followed by a heavy rejection - hence bearish), this compliments the INVERSE HEAD & SHOULDER mentioned above, but technically would end up failing as it nears the neckline aka top channel of the rising wedge.  But let's not lose sight so quickly, we still have to hold the line near $390 tomorrow in order for these patterns to play out without failure. I provided a chart earlier today from my phone of the current falling wedge on spy 15 min - 1 hour time frame so I am hopeful for a run up BUT if we break below -- there are many areas of support and plenty of gaps to fill and trades to be played. GAPS are marked in RED.  Good luck traders!
AMEX:SPY
by ChaldeaCode
8
Gold - Major crash is prepared! -18%, channel is breaking down! On the weekly chart, gold is very close to a massive crash. I think the bulls have no power here and I don't even want to see a huge red candle. As you can see on the chart, there is a rectangle consolidation pattern with multiple touchpoints and also an ascending parallel channel that is currently breaking down! Next target is 1370 USD, and I think we will hit this target very quickly. After that, we want to see a strong bounce from this level, because otherwise we will go even lower! This is a bullish Elliott Wave count, so wave 4 should not go below previous wave 1 because this may invalidate this bullish scenario. Interest rates are growing, and so are bonds. We have a strong dollar and everyone prefers to hold cash, even with high inflation. This is not looking good for the stock market, crypto and gold at all. But you can still make money if you open a short position on the futures market or purchase some put options. Look at my ideas about Bitcoin and Ethereum in the related section down below. For more analysis, hit "Like" and "Follow"!
OANDA:XAUUSDShort
by UnknownUnicorn2537518
55
Ethereum, ETH 2.0 in a few days! - Explosive bull market Ethereum is now the leading cryptocurrency because everyone is anticipating the greatest event in the history of ETH and crypto in total. Bitcoin's dominance is going down, which greatly favors Ethereum. This downtrend should continue until the end of the year.  It looks like the demand for ETH is now very high and may substantially increase over time before the merge begins.  On the daily chart, we have a new parallel ascending base channel that is defined by Wave (1) and Wave (2). There are always 2 versions of the channels - on the linear scale and on the LOG scale, which makes trading more difficult, but it is how it is. The channel on the log scale fits better because it includes previous swings as well.  As per my Elliott Wave analysis, an ABC correction (wave 2) has finished and we are already in a new third impulsive wave, which should be huge. Ethereum 2.0 - The Bellatrix upgrade will activate on the Beacon Chain on September 6. This upgrade is responsible for setting the rest of the Merge process in motion. The Terminal Total Difficulty value triggering The Merge is expected between September 10-20, 2022. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
25
Ethereum - Descending channel is breaking down! 33% crash soon? Hmm, the situation is grave indeed. Maybe a change of plan is needed! On the daily chart we can clearly see an ascending channel or maybe a bear flag , but I prefer the channel. Ascending channels are bearish patterns, and this channel is very close to a breakout. This is a bullish Elliott Wave count, and we need to complete an ABC correction to start a third impulsive wave upward! As you can see, we started this uptrend with a nice impulsive wave. Now the question is, where is the support? You can use the 0.618 FIB or POC of the previous structure to set a limit buy order if you are a bull for the next major wave to the upside. But I am bearish and it's possible that we reach even lower prices like 880 USDT in the immediate short-term. Because ETH is far more powerful than BTC , Bitcoin can fall dramatically while ETH only slightly. I expect tremendous gains for GLM. You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
64
Solana - Bear flag is breaking down! The Bear party is starting! The bears are in full control of this downtrend. We are still below the 20 weekly moving average and the bear flag is definitely broken and retested. This is not looking good for the SOL coin at all. This structure looks incomplete and we need another leg downward to complete a beautiful impulsive wave. Solana started with a strong impulse wave in 2020, which gives us potential for another bull market in 2024-2025 to new all-time highs. Another 46% crash is really possible and likely in my opinion. I don't like to be bearish because people generally don't like bearish analysis. Crypto is a pump and dump environment. It's not like a stock market with incredible strength and buying power from bankers. But I think we can expect a solid pump after we reach my support level. 90% of altcoins are just very bearish, and it's hard to make money in a bear market. It is how it is. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
33
ETHEREUM PERSONAL ANALYSIS IN THE SHORT TERM (MINOTAURS!?!?) The total evaluation for the Ethereum asset is bearish. Please be mindful of the risks you are taking, managing these risks are absolute number 1 priority and the second one is your risk tolerance. A lot of people are really good at calculating, but they are either too much of a wuss or too much of rooster so keep yourself in check always. Be neutral. --------- Data shows for ETH from the charts has a great projection point towards the 1720$ region where it will be rejected to a maximum of 1800$ on the weekly 20 DAY moving average. I expect further upside after a backtest around 1,580-1,620$ for proper market structure purposes and to serve as a 2nd entry point for those that have not joined the miniscule trend change. Take note that the SP500 and the NASDAQ are on their retracement potentials since they are now sitting on the previous support we had months ago for a probable double bottom, but it will be rejected after a temporary upside retracement touching the 20 day moving average before plummeting through the 2021 support. -------- Probabilities of ETH reaching price points based on market structure, fundamentals and sentiment: ETH has a 80% chance to reach 1,680$ with a 20% chance of a re-test down to 1,520-1,580$ ETH has a 65% chance to reach 1,720$ via volume splurge with a 35% of re-testing the previous support, 1,580-1,620$, same failure rate. ETH has a 35% chance of reaching 1,800$-1,820$ without re-tests and 65% chance of re-testing 1,680$-1,720$ after visiting that level. This works the same odds with failure rate. ETH has a 20% chance of reaching 1,920$ without re-tests and a 80% chance of a price failure or re-test of lower levels. ETH has a 10% chance of reaching 2,080$ without re-tests and a 90% chance of a price failure or re-test of lower levels. ETH has a 1% chance of reaching 2,200-2,400$ without re-tests via manipulation pump and a 99% chance of distribution (sell wall). Probabilities are gathered statistically on the basis of 1H-8H Candles dating back since 2021 for better context. -- Like the chart? Comment on it! Boost it, like it, share it -- the chart is completely yours! :D
BINANCE:ETHUSDLong
by Wamses
4
ETH PERSONAL ANALYSIS IN THE SHORT TERM (I SEE 1780$ WHOA!)The total evaluation for the ethereum asset is bearish. Please be mindful of your risks and tolerance when it comes to handling large amounts of money so that you remain calm always. Plan it out every trade and it doesn't matter if you're wrong or right, saves you a lot of paranoia. I see a very big potential to break 1720$ today and a very nice tendency to pump as far as 1780$ due to the fact that the price is supported from a bullish perspective of the NASDAQ and SP500 about to break their volume point of control and into the daily 20 day and 50 day EMA resistance which will probably be rejected the moment we go there. At the same time, that point of rejection will send ETH down from 1,720$ or 1,780$ to 1,580$ to 1,620$ respectively. If you want to find out more about the correlation of these prices, go to my profile, I have posted a new update regarding that breakout of the NASDAQ and SP500. It's literally quite new! Be warned that even if we pumped there, this is a rising wedge and that of itself is a huge sell signal in an eventual fashion. Remember, initial target is 1720$ If we do reach beyond that, its most commonly a volume splurge and would warrant a definite short the day after. ------ Like the chart? Comment on it, boost it, save it, bookmark it, share it! Its yours for free!
Long
by Wamses