Bullish context: weekly uptrend Price position: near last weekly trend low Pattern: four consecutive red days with little upthrust (progression of lows) It looks like previous weekly consolidation area is providing support, and bears are too exhausted to break through it now. This provides an opportunity for a long play. An example of possible trade is shown...
The price had a nice breakout from the descending channel on the daily timeframe. After the breakout the market had another breakout from the static daily resistance with volume on 1.8$ area. on 4h timeframe the price is testing the supply zone, the 2.5$ area is a key level for WAVES, and now the market is creating a rising wedge. A rising wedge is a bearish...
The price is testing the demand zone on 0.26$ below the monthly support on 0.29$. On the daily timeframe the price is creating a descending channel, and now the price is creating a falling wedge inside it. How to approach it? We need to wait the clear breakout from the supply zone at 0.35, where the market has the dynamic and static resistance. IF the price is...
This is a chart of the S&P Futures (ES!) showing a declining wedge pattern. While technical analysis is admittedly down on the list of my personal trading hierarchy, I think this particular formation is presenting some interesting implications and possible trade ideas. Macro factors not withstanding, I wouldn't be surprised to see either A) more channeling...
The price got rejections from the descending dynamic resistance on the daily timeframe and bounced on the weekly static and dynamic support on 0.4$ On the daily timeframe the price is creating a falling wedge on the weekly support and now the price is trying to have ha breakout from the upper trendline and static resistance on 0.52$ On the 4h timeframe, the...
It is interesting how the price has formed these patterns which are exactly the opposite and result in exactly the opposite outcomes Kinda like they are pairing themselves together? Thought it was worth a post
VITEUSDT is creating a falling wedge on the daily timeframe and now the price is testing the daily resistance. IF the price will have a breakout from the wedge and retest the current resistance as 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...
Hello Patrons, Right now the price of BTC is 19535 as I am writing this. Dont buy in to the fomo. look at the big picture I posted yesterday. Just to confirm that we are headed down, you can see that within the last few hours we have a double top formation. Just a quick little post about it! if we cant pass this resistance we are headed down to the blue...
MATICUSDT is inside a descending channel and falling wedge. The price is testing again weekly (and very important) structure. IF the price will lose weekly support we can see a new bearish impulse. IF the price will break the falling wedge and turns the daily resistance as support According to Plancton's strategy, we can set a nice order Weekly Monthly ...
at this point of time i m waiting for the restest ... the pattern you seee up here is the clear fallling wedge .. waiting.. going long with the confirmation candle..the breakout is as you can see in the ecliplse.. correct me if i m wrong.. thanks keep smiling though
Looks like a Descending Wedge Breakout today; however, it is volume contingent... will be looking for heavy volume!
TSLA forming long-term ascending triangle on the weekly chart, with a falling wedge forming on the micro scale which should bounce off the larger triangle's resistance to support this theory.