Wedgebreakout
Went long $FUV this morning off bounce at 20MAThis played out nicely. Now looking to break out of wedge. First target $15.
FYI: Also went long $SOLO for same reason. Nice gains today, though not as big as this.
SHAUSDT chart sums up 2 of my favorite chart patterns...Double bottoms with wedge breakouts are always potent patterns to trade IMHO. This one looks really good. One can wait for another leg down before looking for a buy signal but today's candle looks like it will be a nice bullish candle which can be a buy signal too (better to wait for the day's close).
First target if price rallies from here is the wedge high or the double-bottom neckline. We then see if market breaks the neckline for a measured move up.
AUDUSD potential wedge top to break lower to target 0.7223?Currently still testing resistance at 0.7385. Pair may be looking at 0.7223 as a possible price magnet so watching out for a break lower (0.7325) as I indicated in a related post (see link below). This is a short-term setup as I am still bullish overall, especially if market breaks 0.7385-0.7400 on a daily closing level. Alternatively, waiting for a buy setup at 0.7325 is also reasonable rather than shorting.
XONE - bullishXONE - breakout from the wedge on the strong support level after good earnings
3 monthes accumulation volume
Good fundamentals
3D printing - growing industry
Target: 14, 16
NIO Ascending Triangle and Wedge UpHey folks, I kept seeing you enjoy my analysis so of course I will do another one and I think it could go even higher than JMIA.
Today I was just contemplating over all the news, youtube videos and so on and so forth about NYSE:NIO
I don't completely see from where people taken the 150$ target for NIO but...🚀🚀🚀
In all seriousness, we have good elevating factors on the 1HR chart, good support and I seek to break the resistance.
In the snapshot you clearly see somewhat of an undeveloped triangle that was showing to take down NIO due to Earnings.
Now we have the same baby triangle with resistance and support getting closer until we break it.
MACD is showing signs of running up just as it did the last time and I marked down the moves that I am pretty sure we might get that same area but better and get to 63$
TSLA Bull Case Scenario Tesla has recently broke out the wedge pattern (the largest wedge so far). The immediate price target is $589 based on the Fibonacci Trend. Expect volatility before reaching the next resistance and potential correction. Overall Tesla is bullish and I do not see any immediate short term trend reversal.
XRP/USD LONG $.70 min.XRP appears to be in a bullish descending wedge structure after the last drop. If this holds true, I’d expect another run at the local top. This is all depending on what BTC does of course. Have a plan, but overall I like the way XRP is looking on both USD & BTC pairs.
GOOD LUCK Y’ALL!
TSLA PT 600 My original idea posted on Nov 6 related to a potential target of 600. Check the linked ideas for more details.
DESCENDING WEDGE ON EURNZD 4HR price is currently holding off the 1.69800 institutional price level after making three touches on the level. i'm anticipating price to break through that level and surge upwards to end the week. price is currently printing indecisive candlesticks. i'll be monitoring for a BUY setup next week.
EURGBP SETUP EURGBP is trading on the important key level within wedge, where it has formed double bottom.
LONG BIAS
TARGET:
1st 0.89872
2nd 0.90431
NKLA prepare to LongWedge Breakout
Prepare to long when back to up trendline;
Entry 20
Stop 15
Target 35
Trading Stock, wait for this entry point.
IV is high. Sell Put under the entry point for now.
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
GHG breaking out of wedgeAnalysts are also saying that this is a buy.
I want to get in at $13.60. My risk is $13.30.
GPBJPY wedge breakout, retest and confirmation.GPBJPY was forming a neutral wedge, which it broke out from towards the downside. After waiting for a retest, price broke through our resistance and had a retest towards the upside. After confirmation from the retest, a buy was placed for a r/r of 11/1.
ABT LongWedge breakout + Revisit
Entry 109
stop 106
Target 121
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
GBPUSD is inside a rising wedgeGBPUSD is inside a rising wedge, and the price is testing the monthly structure.
We can expect a breakout downwards, and we can looking for a short position ONLY IF the price will break the rising wedge.
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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.
BALBTC nice breakout the from falling wedge 🦐BALBTC nice breakout from the falling wedge, and now the price is trying to have a breakout from daily resistance.
IF the price will have a breakout and flip the previous resistance into new support, 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.
AAPL LongWedge breakout + retest
Uptrend trendline as support
Entry 118
Stop 108
target: 160;
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
LTCBTC is inside a falling wedge 🦐LTCBTC is inside a falling wedge and the price is trying to have a breakout upwards.
IF the price will break the falling wedge and flips the weekly resistance into weekly support, According to Plancton's strategy, 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.
QTUMUSDT Is trying to have a breakout 🦐QTUMUSDT Is trying to have a breakout from the falling wedge and daily resistance.
Be careful with ascending weekly trendline.
IF the price will have a breakout from the weekly trendline and flips into support, According to Plancton's strategy, we can set a nice order
Weekly
–––––
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.
RVNUSDT are you Alive? 🦐RVNUSDT are you Alive?
The price created a double bottom on the weekly structure and the price had a breakout from the falling wedge.
The price Is testing daily support.
We are looking for a new bullish impulse, According to Plancton's strategy, 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.
