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Wedgebreakout

GBPUSD SHORTPOUND. We currently looking at at downtrend on the pound, Refer back to weekly chart as we break down our analysis, GBPUSD gave us a clean double top @1.42838 with clean enough confirmation, the pound has been in a downtrend for weeks now, not forgetting that the trend is our only loyal friend, coming down to 4H chart we see clean correction/continuation patterns , current price we see our mini double top , accompanied by the inner rising wedge , price broke and retested the rising wedge giving some indication of continuation, POSSIBLE TARGET AT @1.21588. Apply proper risk management (properly) and only risk 1% of your account
Short
by Mr_Benjis
6
How big is the rising wedge of frustration bitcoin?Now many indicators and traders find signals for the fall of bitcoin, I will try to add one more reason, and as a result, it may turn out We look at the chart from afar. It is easy to guess the support line that has been drawn since 2013, the one that Bitcoin falsely broke through in March 2020. In early May, the second breakout, it's hard to believe that the second breakout will also be false. Most likely, now we will see exactly what the breakout of the main support line is. From above, you can draw (a little ignoring the top of the hype of 2017) an ascending wedge. I went crazy when I saw that this wedge starts when bitcoin was worth 200 bucks. The breaking of such a wedge is a serious event for bitcoin holders, growth into the past support zone will now be resistance (now around 44,000). The figure head and shoulders where the 3rd shoulder is below the first two is a completely real signal to fall into the zone 17-19 000 (return to the previous peaks), this will only turn on the trigger for working out the breaking of the wedge. Any growth will need to be perceived as a rebound of a dead cat to a retest of the same line of already resistance. Then there will be a confident continuation of the fall to the nearest zone. At this moment, another head and shoulders will be drawn, with a descent of 7000-8000. This is completely normal, because at the beginning of the wedge BTC cost 200 bucks, and this is the real people who bought it, and in the world of finance it was already well known.
BITSTAMP:BTCUSDShort
by John_Wayne
2
POUND-More bull might be 2 much!!Hi everyone We all red the news from the federal reserve,well considering that many might think we can reach higher for GBPUSD. Well news always have a huge impact, but traders might have more. In 4 hours chart we have a bull wedge pattern and in case of breaking out of the trend line, the trend might go side way or bearish( more likely). Now we have a lower high which might be a good indication for many traders to take short right here. Support factors are bull trend line and level of 1.26$, and for resistance we have the prior high and 1.265$(might get a 2 bar reversal here) Hope this analysis helps you in a way. I will answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
by HubAlgo
EURO-Wedge pattern breakout Hi everyone After a good amount of bull market for EURUSD,now we can see the indications of a possible bear trend .These indications include less buying pressure and long shadows on top and bottom of last couple of bar in 4 hours chart. As the wedge pattern forms, in the next couple of bars we may get a breakout of the bull trend line.In my opinion, the price will reach 1.07 $ probably shows some resistance and break out of the current channel to the lower one and if we consider a measured move we may get to see it reaches the 1.065$ or if we consider this the continuation of our weekly bear trend line we may see lower prices. Hope this analysis helps you in a way. I will answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
Short
by HubAlgo
Bitcoin saved by 29k support yet again!Good Evening Traders, I am back after TV banned me for a week. Apparently, I broke house rules by referencing a site I maintain outside of TV. Anyways, I had put out the following post to all my other SM sites this morning and it is still valid. ----- I put out a potential short trade opportunity on BTC yesterday if we dropped below the 29k mark and confirmed on the 4hr. We dropped below 29k but we did NOT get confirmation! Therefore, no trades should have been executed. Now, the priority now shifts upwards. You can see resistance overhead with the 50 candle m.a. (now conquered), 30k resistance (now conquered), and the top of our adjusted triangle (adjusted due to recent price action). If we fail to break the upside of this triangle drawn on our 4hr chart, the priority shifts downwards once again. Watch closely. As always, almost all trades in the crypto space should hinge upon BTC price action and trajectory. -Stewdam.us
INDEX:BTCUSD
by stewdamus
1
Nifty Weekly AnalysisNow Nifty forms a Descending Broadening Wedge pattern and also near to key zone which is the previous level of support and resistance its took support in this level but still its doesn't took a pattern support my assumption is 1. Took Key Level support and Give a pattern breakout 2. Took key level support and also took pattern support and then the market turned into bullish mode 3. Rare possibilities are its broke the key level + pattern low line then the market goes into the sell zone
NSE:NIFTYLong
by Karthik_Dhandapani
BTC 34-35k Rally, Crash AfterIm speculating that Bitcoin will make a short rally into the 34-35k zone. Once it hits this zone I believe we will see the bears takeover, this wedge setup that is being created backs up my idea. Along with BTC rising to 34-35k, we will see a short increase in SPY, QQQ, AMZN, TSLA, and other major companies. After this short increase I honestly think the market will crash... stocks and crypto. I will be heavily shorting SPY, BTC, and US30 once the market rises towards the zones I have set. BTC: $34k, SPY: $415, QQQ: $315, AMZN: $2700, TSLA: $820. US30: $34k. With inflation increasing and home prices rising, I see a market crash coming... who doesn't lol.
COINBASE:BTCUSD
by BigCEO2022
Google Price Target $300 (after split) More than Double!Technical Analysis: -Bouncing off bottom of Bullish ABCD Pattern -Breaking above top trendline of downward trending megaphone pattern -MACD & RSI curling up out of oversold territory. -bouncing off Demand Zone created May 2021 Fundamentals: -Tech goes up when interest rates aren't going to rise as much as thought PE: 20.99 -New Watch to pull from Apples market share, Google Lens progressing integration w AR/VR -Youtube moat growing -Adwords valuable targeted ad spend for large & small companies. -Drive increases cloud revenue -Best robotics & AI company Current : $2321.01 = $116.05 post split PT : $300 = $6,000 pre-split '19 Q3 Earnings: $15.35 Price 1 wk later: $1,534 (NORMAL) '22 Q1 Earnings: $30.69 Price 1 wk later: $2,700 (UNDERVALUED)
NASDAQ:GOOGLLong
by Lemming95Billion
4
GRTUSDT Ready for the breakout?The price is testing the demand zone on 0.26$ below the monthly support on 0.29$. On the daily timeframe the price is creating a descending channel, and now the price is creating a falling wedge inside it. How to approach it? We need to wait the clear breakout from the supply zone at 0.35, where the market has the dynamic and static resistance. IF the price is going to have a breakout According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
AirBnB breakout in the worksHello Friends! AirBnB had a great earnings report and seems to be leading the way in travel. There might be a good trade in the works to break to the upside (wedge breakout) to it’s 1st resistance of $174.52. If it can hold above that level, I think it might have some steam to go after $189.41 and $204.96. These days good news can flip to bad news overnight, trade with caution. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
NASDAQ:ABNBLong
by MoneyFishing
4H timeframe: forming a falling wedgeBitcoin broke the trend line support. But the question is: Is this a breakdown or a trap? This breakdown cannot be confirmed at this time. On the other hand, it can be seen that Bitcoin has formed a falling wedge pattern. The TSI indicator also shows a positive divergence. Looks like this could be a trap and there is a possibility of a break-up of this wedge. In this case, you can expect a local top. To confirm or reject this hypothesis, one must wait for the wedge pattern breakout
by cryptoonchain
Bitcoin short-term view - BTC in rising wegdeBitcoin short-term view - BTC in rising wegde A breakout to the downside more likely - target can be $36.890 - a volume support from January. Would be interesting to see the reaction at $37.300 - the important monthly price level (see my other ideas and tweets). But maybe now its time for another Crypto surprise. Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
COINBASE:BTCUSDShort
by Crypto4Everybody