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Wedgebreakout

$GRAB Long Term Trade IdeaTaxi and delivery service stocks all look bullish at the moment. Lyft and Grab are both a couple of my favorite longer term swing trade/investment plays just based off risk/reward and how beaten down both the stocks are. If shown patience this trade could work wonders. I like it a lot because it gets me a little exposure to assets outside the U.S. and from a chart perspective its hard not to love a setup like this. 1. The buy side volume shown here is the highest its ever been for the stock by a long shot. 2. Price has been in a descending wedge type formation for several months now and is attempting to make a breakout, though this month's candle still has a lot of time left. 3. That hammer candle, especially considering it being printed on the 1M timeframe, is incredibly bullish in my eyes. This chart reminds me a lot of NYSE:BABA but a bit earlier in its breakout stages. To me it is clear that accumulation has been taking place for over 2 years now and a big markup is upon us. I have 3 take profit areas marked based off a few different Fibonacci levels I like that also have confluence with supply/demand dynamics present on the chart. multiple daily/weekly candles below $4 could be a a good stop loss area as that would invalidate a lot of the bullish structure. Based off the current price this provides you with a minimum 2.75x RR trade and a maximum of 7x RR. My average price is $4.25. Any pullbacks below $4.50 I will be looking at as great buying opportunities. Will do my best to update this idea periodically over the next year or so.
NASDAQ:GRABLong
by ChazzyFreshh
Alibaba - This Chart Speaks In Money!Alibaba ( NYSE:BABA ) prepares for a significant pump: Click chart above to see the detailed analysis👆🏻 Basically since Alibaba was listed on the NYSE, it always perfectly respected market structure. With the recent rejection away from the key neckline, Alibaba is now creating a bullish break and retest. After bullish confirmation, this forms a bottom and we might see new all time highs. Levels to watch: $110, $140 Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
21
Watch This Wedge! AUDNZD Primed for Upside PushThe AUDNZD pair forms a falling wedge pattern, a bullish reversal formation that typically occurs after a downtrend. The price action is being squeezed between a descending resistance line and a descending support line, creating a narrowing range. The market is now attempting to break out of the wedge, with the current price testing the resistance line. A breakout and close above this trendline would signal bullish strength and could lead to a reversal of the recent downtrend. Targets: TP1: 1.07605 TP2: 1.07922 Stop Loss: Below the recent low at 1.06542
by Money_Dictators
XAU/USD Analysis – Wedge Breakdown & Bearish Trade Setup1. Chart Overview The 15-minute XAU/USD chart shows a descending wedge pattern forming after a price rally. The wedge is characterized by a series of lower highs and lower lows, signaling a gradual weakening of bullish momentum. After consolidating within this wedge, the price has broken down, suggesting a bearish continuation. This setup provides a high-probability short trade with clear entry, stop-loss, and multiple take-profit levels. 2. Key Technical Elements A) Chart Pattern – Descending Wedge Breakdown A descending wedge is typically a bullish reversal pattern when forming at the bottom of a downtrend. However, in this case, it appears at the end of a corrective move, making it a bearish continuation setup. The upper trendline (black dashed line) acts as resistance, preventing price from breaking higher. The lower trendline (solid blue line) represents temporary support. The wedge narrows as price action contracts, leading to an eventual breakdown. 👉 Breakout Confirmation: The price has broken below the wedge’s support trendline. A minor pullback to retest the broken trendline suggests validation of the breakdown. B) Resistance & Support Levels 1️⃣ Resistance Level (Sell Zone) – $3,100 to $3,135 This area previously acted as a supply zone, rejecting bullish attempts. Price was unable to sustain above this level, leading to further downside pressure. Stop-loss should be placed above this level ($3,135.57) to protect against invalidation. 2️⃣ Support Level (Buy Zone) – $3,050 to $3,056 This was a previous reaction zone where price briefly bounced before continuing lower. Now acting as Take Profit 1 (TP1) at $3,056.58. 3️⃣ Breakout & Retest After breaking the wedge, price retested the trendline but failed to reclaim it, confirming the bearish trend. 3. Trade Setup & Execution 🔵 Entry Point: Short trade activation upon the breakdown and retest of the wedge structure. Price rejection at the trendline confirms seller strength. 🔴 Stop-Loss: Placed at $3,135.57, slightly above recent swing highs. This protects against false breakouts or sudden reversals. 🎯 Take Profit Levels: TP1 ($3,056.58): First target where buyers might step in. TP2 ($3,022.39): Midway target, acting as another strong support. TP3 ($2,985.44): Final target where price may stabilize or reverse. 4. Market Context & Confirmation Indicators 📉 Bearish Confirmation: Strong downward momentum suggests continued selling pressure. Price action is failing to make new highs, confirming lower highs and lower lows. 📊 Risk-to-Reward Ratio (RRR): The trade offers a favorable RRR, as the downside potential is significantly larger than the stop-loss range. ⚡ Additional Confirmation: A strong bearish candle confirmed the breakout, rejecting higher levels. Potential support breakouts suggest that price could reach TP3 if bearish momentum continues. 5. Conclusion – Trading Strategy Summary ✅ Pattern Identified: Descending Wedge Breakdown (Bearish) ✅ Trade Direction: Short (Sell) ✅ Entry Trigger: Breakout & Retest of the Trendline ✅ Stop-Loss: Above $3,135.57 (Wedge Resistance Zone) ✅ Take Profit Targets: TP1: $3,056.58 TP2: $3,022.39 TP3: $2,985.44 📌 Final Thoughts: This setup provides a high-probability trade with a clear breakdown structure and downside potential. If the price continues to respect the bearish trend, reaching all TP levels is likely. However, traders should monitor for reversal signals and manage risk accordingly. 🔔 Risk Warning: Always use proper risk management and adjust positions according to market conditions! 🚀
OANDA:XAUUSDShort
by GoldMasterTrades
XAUUSD Weekly Analysis – Bearish Correction ExpectedGold (XAUUSD) has recently broken above a rising wedge resistance on the weekly timeframe but is now showing early signs of potential exhaustion. Price action is currently hovering around the $3,024 level after a strong bullish rally. However, historical patterns and structure suggest a possible bearish correction ahead. 📊 Key Technical Observations: Rising Wedge Pattern: Price has been following an ascending channel with a sharp parabolic curve. The structure hints at overextension, making it vulnerable to a pullback. Previous Corrections: Two notable corrections (-8.89% and -8.15%) provide a historical benchmark, reinforcing the possibility of a similar retracement. Bearish Scenario : A potential double-top formation and rejection zone is developing around the $3,050 area. Target Zones: TP1: $2,935.95 – first major support/resistance flip zone. TP2: $2,782.94 – deeper retracement aligned with previous corrective structure. 🧠 Trading Bias: Bearish bias in the short to medium term as gold may seek to correct before any continuation of the bullish trend.
OANDA:XAUUSDShort
by ForexOptimizer
ADBE to $465 - Chance for a BounceNASDAQ:ADBE ADBE, as well as other tech stocks, was beaten hard over the last couple of months. The earnings recently did not provide any relief for the chart either, although the figures were not particularly bad. In particular, the possible prospect of finally being able to expand and monetize Adobe's own AI “Firefly” continues to offer good opportunities. With a PE of now under 20, Adobe has become quite favorable as a company that continues to grow well in the SaaS sector. It has also reached several technical support zones. We are at the lower edge of a very large bull flag that has been in place since the beginning of 2024. Horizontal support at $385 is also supportive. We have 3 large daily gaps in the chart above us and a bullish wedge within the flag. This is a good place to start buying for a possible bounce towards $465. However, one must bear in mind that the overall market remains bearish. Purchases should therefore be closely hedged and not be too large. However, it would be wrong not to use this opportunity to enter the market. Target Zones $465.00 Support Zones $385.00 $360.00
NASDAQ:ADBELong
by LGNDRY-Capital
1
The Bitcoin Google trends wedge pattern. Good day traders & investors, Is the Google trends search for Bitcoin about to explode ?! The chart pattern is a bullish one. The Google trend search topped out back in 2017 and has been in a wedge pattern since then. The search/interest recently broke out of this 8 year wedge pattern and this month retested the breakout. This is typically a bullish pattern and shows the interest and search volume is picking up and could very soon explode again. The settings for this search was world wide , bitcoin and a custom time interval set from Jan 1st 2009 to Mar 19th 2025 Since inception the interest for Bitcoin gained volume/growth until it peaked in 2017. Ever since then the interest and searches has been making lower lower highs until very recently (last Oct) where it made a higher high as it broke out of this wedge. Also, since 2017 while making lower highs the google trend has been making higher lows, thus forming this wedge pattern. The break out and retest of this pattern is what shows the signs of strength and a possible explosion of interest in the near future. I have underlaid both timelines of the price and the Google trend to match, and we can clearly see that when the search trend rises, so does the price which shows a strong correlation. All of my other cycle analysis shows that May/June time could see higher prices, so you could say this is a sneak peak or confluence to other indicators. Let me know what you think in the comments below what you think. Does Google trend holds any weight? Do you think this wedge pattern and break out could lead to anything big? Please like and share. My socials are listed in the bio Kind regards, WeAreSatoshi
BNC:BLXLong
by WeAreSat0shi
GBP/CHF Wedge Breakout (05.3.25)The GBP/CHF pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.1458 2nd Resistance – 1.1504 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
19
NZD/CAD -H1 Chart - Wedge Breakout (27.02.2025)The NZD/CAD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 0.8101 2nd Support – 0.8068 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
11
Ethereum (ETH/USD) - Falling Wedge Breakout Setup!Overview: A potential bullish breakout from a falling wedge pattern, signaling a trend reversal. Key Technical Insights: 🔹 Falling Wedge Formation: Ethereum price has been trending downward inside a falling wedge, a common bullish reversal pattern. The price is now testing the upper wedge resistance, indicating a possible breakout. 🔹 Support & Resistance Levels: Support: Near 2,665 - 2,663 USD, acting as a strong downside cushion. Resistance: The price needs to break above 2,694 USD to confirm the breakout. 🔹 Target Projection: A breakout above the wedge could push the price up by 5.35% (144 USD) towards the 2,839 USD take-profit level. Trade Plan: 📌 Entry Strategy: Enter after confirmation of a breakout above 2,694 USD with volume. A retest of the wedge breakout zone could provide a better risk-to-reward entry. 📌 Stop Loss: Placed below 2,663 USD, invalidating the breakout if breached. 📌 Take Profit Target: Around 2,839 USD, aligning with the measured move of the pattern. Final Thoughts: ✅ Breakout potential is strong – wait for confirmation! ✅ Bullish momentum could drive ETH towards the 2,839 USD target. ✅ If price drops below 2,663 USD, consider exiting as the setup is invalidated. 📈 Watch for volume increase to confirm the breakout. 🚀
BINANCE:ETHUSDLong
by PIPsOptimizer
Boeing is ready for next leg up to $200On December 10, 2024, we had a look at the weekly chart of NYSE:BA Boeing and it was a very good opportunity to get into this stock. Since then, we made over 20% in under one month. After consolidating for nearly three weeks, we may have another chance to get in for the next leg up to $200. The only thing to worry about are the earnings on January 28. Those could have a huge impact on the stock price, but chances are the impact will be positive. Since 2024 was a very challenging year for Boeing with lower net orders booked compared to Airbus the comparisons are much easier to beat than it is for Airbus. Boeing experienced a decline in various metrics last year. The company recorded 569 gross orders, representing a 61% decrease compared to the previous year. Cancellations increased by 50 units, mainly due to the anticipated cancellation of 135 jets ordered by Jet Airways. Net orders fell by 71% to 377 orders, and the net order value also decreased by 71% to $33 billion. This reduction in orders is attributed to the uncertainty surrounding Boeing's production schedule, which makes it less attractive for airplane orders. Deliveries fell by 34% to 348, and the delivery value decreased by 35% to $26.1 billion due to the grounding of the Boeing 737 MAX 9 and a subsequent strike. If we assume no further crashes or problems with Boeing aircrafts the numbers are easier to beat, and we come from a very low base. In addition, most analysts are quite conservative right now. Looking at the technical setup we just bounced from the 0.382 fib from the current upward movement. Below the fib we have another support at around $160 as well as a resistance at $200 with an open gap. Assuming no surprises during the earnings we’re up for another leg up to $200 (15% ROI). Target Zones $198-200 Support Zones $165 $160
NYSE:BALong
by LGNDRY-Capital
1
AMD: Ready to Break Out – Confluence Supports and Bullish PatterI’ve already written a weekly analysis on NASDAQ:AMD , which you should read before this one, as it explains the broader technical and fundamental support in the bigger picture. Looking at the 4-hour chart, we can see the more granular movement of the stock over the last few months. The fact that we held the trendline, which has been in place since 2023, is a good sign that overarching algorithms still have an interest in the stock. The trendline also corresponds to a so-called "confluence support," where multiple support levels overlap. 1. Trendline Trendlines alone are not reliable price action structures, as they are often broken during consolidations without affecting the overall trend. However, since this trendline is older, has been tested multiple times, and now coincides with other support levels, it serves as one of several building blocks. 2. Fibonacci Retracement We hit the 61.8% Fibonacci retracement (horizontal yellow line) exactly and bounced upward from there. The 61.8% Fib is always a good reversal point during pronounced consolidations, as we’ve seen here. AMD has been consolidating since March 2024, over nine months now. 3. Horizontal Support In addition to the Fibonacci retracement, the price range between $117 and $121 was already a support area. This zone has been a support and resistance level since September 2021 and has consistently prompted strong price reactions. 4. Descending Wedge The current leg down is forming a descending wedge, which breaks upward in more than two-thirds of cases, making it a bullish pattern. The target for a breakout is typically the highest point of the wedge, which currently means a target around $170. However, a conservative trader always plans more cautiously, so we’ve combined our target with the last gap close. 5. Gaps While not a proper support level, the still-open daily gaps at $137 and $158 act as magnets for higher prices. These gaps lie along the path upward and make good spots to place take-profit levels. Fundamental Reasons AMD's Position: With the launch of the MI300 series, AMD has taken a significant step toward competing with NVIDIA in the AI GPU market. These chips are optimized for high-performance computing and generative AI. Potential: In Q3 2024, AMD generated $1.5 billion in revenue from the data center segment, a 42% year-over-year growth. This growth is expected to accelerate further in 2025 due to AI applications. Market share: AMD has consistently gained market share from Intel in the CPU market, especially in the server segment. According to Mercury Research, AMD’s server CPU market share rose from 23.4% in Q3 2023 to 26.5% in Q3 2024. Forecast : With the planned launch of Zen 5 processors in H2 2025, AMD is expected to gain even more market share, driven by improved performance and energy efficiency. EV Market: Additionally, the electric vehicle market, after weaker years in 2023 and 2024, is expected to regain momentum. This will significantly impact the semiconductor market as a whole.
NASDAQ:AMDLong
by LGNDRY-Capital
3
NVDA – Buy the Dip for a Short BounceOur last NASDAQ:NVDA trade went very well. Within a few weeks we made more than 15% re-testing the ATH and generating a new one. Directly after hitting the ATH we saw a sell on good news event during the CES and the presentation of the “Home AI PC”. The perfect time to buy was yesterday minutes before markets closed. The price formed a falling wedge with a RSI divergence. Nevertheless, buying today could still give results. Target is the ATH again and invalidation point is a close below our $140 support. Target Zones $154 Support Zones $140
NASDAQ:NVDALong
by LGNDRY-Capital
1
RACE (Ferrari) – Quality has its PriceMIL:RACE has a technically interesting setup that also fits well with the weekly setup that I presented a few weeks ago. The current consolidation has once again reached the lower zone and should find support from here one more time. Recently, a significant bounce was achieved from here several times. In addition, Ferrari is moving at the daily SMA 200 line and has bounced upwards from this (as well as from the horizontal support). In the 4h chart we see a nice RSI divergence as well as a breakout from a falling wedge. Both bullish signals. Fundamentally, Ferrari is not cheap, but quality has its price. The backlog extends years into the future, the pre-order lists are full to bursting, the line-up presented is technically flawless and in demand and the cash flow is immense. In addition, the company is still family-owned (which secures the share price) and the current F1 season with Hamilton and Leclerc as the team should also be interesting. We are initially targeting the area around EUR 438 and then the previous ATH at EUR 457. This results in an ROI of 10%. Should the daily closing price fall below EUR 400, the trade would be disqualified and closed. Target zones 438 EUR 457 EUR Support Zones 400 EUR
MIL:RACELong
by LGNDRY-Capital
1
PEPE/USDT Ascending Channel Breakout WatchThe price is currently moving within an ascending channel pattern, indicating a potential bullish continuation. A breakout to the upside is expected, but confirmation is key. We'll look to accumulate PEPE near the lower trendline support around 0.0001995 for a long position. The breakout target is set at 0.0002412, offering a promising risk-to-reward opportunity. Ensure proper risk management by placing stop-losses below the lower trendline. Keep an eye on volume during the breakout attempt for stronger validation.
Long
by wolfchemist
SOL $260 (up to 18%) - Consolidation could be overBINANCE:SOLUSDT is consolidating since the end of November after hitting the zone at $260. The consolidation looks overall very bullish (bull flag) and healthy. As you've seen in my analyse from 4 days ago the situation looks very good. Also, Bitcoin is still holding very strong at $100K (currently at $103K). To determine, if the consolidation might be over we need to look a bit closer. As we can see, we're currently still within the bull flag / consolidation channel between $260 and $200. Since December 11 we can see a bull flag within the bull flag after bouncing off from the support level at $203/$200. This might indicate that we've seen the low for now and are going to break the bull flag / consolidation channel. We've bounced from the 61,8 Fib from this little bull flag. A possible first target would be the resistance at $235. The next two targets would be $242 and finally $260. If we go below $215 we might see another test of the $203/200 level. If you decide to test a long here, try to place your SL below $215 or (if you trade with a smaller size) below the $203/$200 level. Do not forget that we see a lot of liquidity grabs in crypto, so don't trade with a SL to close to support levels or they will be detected. Target Zones $235 $242 $260 Support Zones $215 $203 $200 Let me know what you think!
Long
by LGNDRY-Capital
1