Get started

Wedgebreakout

EUARAUD LongEURAUD. We had a strong push upwards on the 25th of February until the descending trendline, then a correction started happening. The correction reached the Fibonacci retracement of 0.764 and rejected the level twice on a 4HR chart on 11 March. The correction may continue until 1.53269. My log entries are at 0.236 (1.5356),0.382 (1.54208) for a profit target at 1.618 extension (1.59644). As further confirmation that this may be wave 1 and 2 of the larger 5 waves move up, I see a descending wedge. The wedge was broken and retested and is currently in a range busy retesting the break point
Long
by TheMaverick187
2
Enter the trade too early, lessons learned, re-adjustingPrevious version is linked below. The pattern got invalidated and my order is picked up 😅 Lesson learned 1. Place trade only if see confirmation, don't rush setting the limit 2. Readjust the pending order if the pattern is invalidated, so i'm not depends on small probability I will create a Google Form using the following questions, and I will force myself to fill the following form before placing any order in the future. 1. What pattern is appear? 2. Do you understand to trade using that pattern? 3. Is pattern already confirmed? 4. How much your risk/reward ratio? This will helps me to not rushing when order, discipline, and always plan ahead. Always learning ✨
BLong
by UnknownUnicorn16802713
$T Symm.Triangle Breakout vs Fakeout?Hello Everyone! I recently had a successful play on ATT purchasing some calls before this past weeks uptrend on $T Unfortunately, since I didn't enter the trade with any real, calculated goal targeted, the position was exited once I saw an enticing percentage of gains. While I'm overall happy with the results, I couldn't help but notice the disappointment in myself as the price on the calls continued to rise even more after I sold them, knowing I could've quite easily returned even more from the position. So I've pulled up AT&T to get a closer look to see if I can identify any other clear opportunities on a new position. If things play out along with my idea, I'll enter a new position and this time with a more calculated plan- as is my main trading goal for this new year. To trade with more calculated entries and target goals to exit & improve accordingly. $T seems to be bouncing within a more symmetrical triangle pattern, with no real success breaking out- as noted by the circles marking the failed attempts. Personally I'm predicting that with some of the new business strategies AT&T is aggressively taking on recently, we could see some buyer confidence based off of those fundamentals. This could support the possibility of finally breaking out of this Symmetrical Triangle. We also seem to be retesting the resistance more than the support. If price breaks above the horizontal line (marked BULLISH), a pullback using that line as new support would be a great point for an entry. The top of that green arrow marks the target, slightly under $37 While watching this play out, I'm considering if taking on this move in the form of going long on both shares & some Options calls would be a strong move? That play would require some closer consideration to avoid over exposure to risk. I say that, because at this point it seems equally telling that ATT could continue downward, especially if resistance holds on a retest and buyer confidence weakens. I've laid out the 50 MA (thicker white band) & the 20 MA (thinner yellowish band) the 50 MA will help as a tool to plot safe stop losses without being too overprotective of the position resulting in getting stop'd out. I'll try to update on which way my view of this potential plan plays out on this idea. Please feel free to give friendly but honest critiques! Happy Trading! *this is not financial advice* **all my charts are for educational & personal tracking purposes**
NYSE:T
by NillaCoin
5
REEF BULLISH WEDGE (Short-Term) I don't have an attachment to any asset or project. If a coin presents a good trading opportunity for me, I will trade it. Long or short. It doesn't matter to me. If you are a trader, this is the mentality to have. I don't love REEF, nor do I hate it. I've done MINIMAL research on REEF, I am aware of a few fundamentals that count for 1% of my decision on trading REEF; though, I do think REEF has great potential. With that said, take this idea with a grain of salt. Before doing so, have a look, my previous ideas (attached links), it could give you an idea about my previous TA ;) REEF/USDT is currently in an Ascending Broadening Wedge formation. A typical broadening wedge of this nature "should have at least three distinct touches (or near touches) of the trend lines on each side. This helps assure proper identification and performance of the formation." It typically breaks out to the DOWNSIDE . Do take note of my expected Fib target. Since we are in a Bull run, a few percentages higher are possible, perhaps a TOTAL of 217% profit . I project a reversal from those regions to take us to the initial launch price. My verdict#: Bullish short term - Bearish Mid term - Bullish long term. Please comment or like if you agree with this idea. Confidence Level 8.5/10 Good luck!
RLong
by BlacksmithShinobi
14
Zoom looking for a new ATHIt looks like the market favoured the last earning releases from the company this week and price has increased with volume which is a good indication of bullish momentum kicking in. On the technical side we have an overall very strong bullish trend that has been under a correction during the past weeks. This corrective period formed a descending wedge pattern on lower volume that just recently was broken out to the upside and then retested. Thus probability is on our side for another bullish leg to play out. targets here are the next Fibonacci extension levels from previous bull run. This being: Target1: 1.27 fib extension at the 680$ area. Target2: 1.618 Fib extension at the 810$ area.
NASDAQ:ZMLong
by Murci
4