Get started

Wedgebreakout

FLT (1-2 Week trade)Bullish TSXV:FLT A wedging pattern formed and a breakout is imminent. ✅ Bullish candle at close ✅ Near the end of the wedge ✅ Red Flags = Relative Strength Index (RSI) divergence shown here A price entry can be made inside the wedge or when the bullish movement is confirmed at the breakout and confirmation level of $2.14. This is a 1-2 week trade for a 7-10% profit gains (or more if it can break the $2.30 resistance) . Confirmation: ~ $2.14 Price Entry: < $2.07 or at Confirmation Price Target (PT): > $2.30 Profits: ~ 7-10% gains - Pocketfeeder
TSXV:FLT
by pocketfeeder
3
WWR BreakoutBullish NASDAQ:WWR 6-Month, 2-Hour View : Another Cup and Handle formation Entry: ~8.60 PT: +$12.00 Profits: >40% gains (1+ months) 1-Month, 30-Min View: ✅ A bullish wedge indicating the Stock Price (SP) movement to go up. Waiting for confirmation above ~$8.80 ✅ Red Flags = Relative Strength Index (RSI) Divergence appearing for a bullish momentum **For a shorter hold... (1-2 weeks) Entry: ~8.60 PT: $9.50 Profits: ~10% gains Find good entries, know your exits, secure your profits - Pocketfeeder
W
by pocketfeeder
FTI Consulting *FCN Falling Wedge Trade the BreakoutFTI Consulting falls under the radar for a potential LONG with this falling wedge pattern in play . On the 25 Feb we have Earnings numbers coming in and during December 2nd 2020 the board authorised 200 million Dollars for the re purchase of its Shares. The Falling Wedge CAN FAIL the same as any other triangular pattern so make sure you wait for confirmation with a candle close with a break of the resistance and High Volume . They are the ingredients needed and of course better than expected earnings numbers could also be encouraging ... Trade with a Solid Plan , knowing in advance your entry, exit , position size, and take profits on the way up ... Show your gratitude with a Like, Follow or a comment ...Thanks for stopping By
NYSE:FCNLong
by SJTRADESFUTURES
BZRXUSDT is testing a daily resistance 🦐$BZRX.X had a very nice bull run after the breakout from a falling wedge. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
BLong
by InkyGrip
28
Rising Wedge Go Weeeeee- The daily chart looks to have been forming an Ascending/Rising Wedge. - Since the beginning of December 2020 price has been on the rise with RSI steady above 50, but remaining under the overbought threshold of 70. - MACD has also been quite flat as well since December 2020. Scenarios: 1) Upside breakout, if upper trend line is broken we could see upside and revisit the April 2018 high of 1.4376. 2) Downside breakout, if lower trend line is broken we could see downside to the 1.2643 Support. My Guess: Traditionally ascending wedges are seen to have a bearish bias so I am leaning more towards the downside breakout. We shall wait and see.
Short
by theConsultant45
1
TLSA - PLAYING THE WEDGE GAMEPossible entry 3.52/3.55 on a trending support hold Okay, here's a possible move play! Favorable trading and charting conditions in my opinion. Why? 1. Wedge formations can become parabolic signals. The highs and lows are trading inside this wedge. 2. This is an upwards trending stock, with the pricepoints holding, again inside this wedge. 3. The Stochastic indicator is suggesting a further move south. This indicator is a great source for stock sentiment. It is waning, but knowledge says to buy the oversold condition on an upwards moving stock, if volume and ema points are solid. In short, buying the discount. 4. The 8 EMA is the pivot line, like a fishing bobber, where price wants to stay near. The 34 EMA should not be a factor in this case. *Let's see what happens DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
NASDAQ:TLSALong
by mrmaximo74