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Wedge

HO Time CycleThere’s a 518 day time cycle from the 2 previous major lows to today. There’s also a falling broadening wedge breakout, DMI cross (not shown), and escalating regional conflict in the Middle East. Iran has launched ballistic missiles at Israel. There is a major downtrend but it’s far enough overhead that there’s headroom for upside. The trend seems vulnerable to failure, all things considered. This analysis establishes a bullish daily bias. Intraday long setups may be necessary for a good entry.
NYMEX:HO1!Long
by Skipper86
MetaBearish divergence on the hourly RSI.. Rising wedge here... Look for price to retest 544 breakout in the coming week or whenever wedge breaks to the down side. Best short entry IMO is either under 564 Or if price retest wedge resistance again. As long as price is inside wedge they can keep grinding this higher 570-585 This the sector of Meta AMEX:XLC Chart is identical to meta because meta is the biggest stock in the sector. Outside weekly bbands and Daily money flow overbought. The sector is ripe for a correction
NASDAQ:METAShort
by ContraryTrader
8
GOLD → Price breaks support. Panic and news...FX:XAUUSD stands still, traders doubt further actions. There are two days of important news ahead, which can provoke panic and profit-taking.... The market reacts weakly to the rather serious actions in the Middle East, the price is in consolidation without updating local extremes. The dollar is strengthening amid decreasing risks of a 0.5% cut in interest rates in November (the most likely scenario is 0.25%). A strong ADP employment report eased concerns about the state of the US labor market, supporting expectations of Friday's NFP. Ahead of the PMI from ISM and Initial Jobless Claims. Technically, the chart failed to give impetus from support, with the SMA acting as support. After a failed attempt, price came back and broke the conglomerate of support: the rising line, sma and 2650-2654. Can you feel traders getting nervous?) Resistance levels: 2650, SMA, 2656, 2663 Support levels: 2640, 2623, 2613, 2600 The trigger is 2640. If the buyers do not hold this area, the price may spill to the bottom of the range, as well as reach the imbalance zone. But, there may be high volatility before the news, within which the price may test the resistance before further downward correction. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
20
JASMY is Bullish now & many Traders don't see it !!JASMY is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 0.027 Stay tuned for more updates, thanks. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
5
Hamster Kombat Ready for Pumping==>>+10%_+15%The Hamster Kombat($HMSTR) moved as I expected in the previous post . Currently, the Hamster Kombat(HMSTR) is in the Potential Reversal Zone(PRZ) and near the lower line of the Falling Wedge pattern . According to the Elliott wave theory , Hamster Kombat(HMSTR) seems to have successfully completed the Zigzag Correction(ABC/5-3-5) . If the upper line of the Falling Wedge pattern breaks , we can confirm the end of the Zigzag Correction . Also, Regular Divergence (RD+) between Consecutive Valleys . I expect the Hamster Kombat(HMSTR) to rise at least 🚀 +10% 🚀 and attack the Resistance zone($0.0064-$0.0060) on the next step . Note: We can expect more dumps if the Hamster Kombat(HMSTR) can break the Potential Reversal Zone(PRZ). Hamster Kombat Analyze (HMSTRUSDT), 1-hour frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
5
NOCHILL v2 or The Chill is over [MEMECOIN on AVAX]God it's been a while since I've posted here for the last time. Real life is real. Inner work needs some time (the whole lifespan to be fair). But you're here probably not to read some stories and the life lessons (If you are - tell me though), so! Bought several Memecoins on AVAX on 1st Jan and forgot. Forgot so much that missed my 100x. Well, anyways. It's on the breakout now after falling down and i think we might go at least to TP1 and all the way to 0,5 Fib (If it will go higher, I'll update). On top of that, the volume seems to break out too: Not the fin advice, just my thoughts. Ngl wanted to post this thread when it was around .0044 but still wasn't sure. Now it seems more then real that we're gonna see the next leap. Thanx! A_Vision
Long
by A_I_Vision
Euro can reach seller zone and then rebound downHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago started to decline from the resistance level inside the downward channel. In channel, the price rebounded from the resistance line of the channel and dropped to the support level, which coincided with the buyer zone and support line of the channel. Then the price made a fake breakout of 1.1050 level and then rebounded up, thereby exiting from the downward channel and then turned around and started to decline inside the wedge. EUR dropped to the support line of the wedge, breaking the support level, but soon it started to grow and rose back and broke this level again. Then price continued to grow in a wedge, and later reached the resistance line, after which made a correction below. EUR fell to the support line of the wedge and then in a short time rose to the resistance line of the wedge, but soon turned around and declined back. A not long time ago price repeated movement up from the support line and at the moment it trades very close to the resistance level. So, I think that the price can rise to the seller zone and then it turn around and fall to support line of the wedge. That's why I set my TP at 1.1155 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
10
Here is why EURUSD might reach 1.15EURUSD bulls face pressure today, but as long as the price holds above 1.0991, the wedge pattern stays intact. With a target of 1.15, buyers may step in between 1.0991 and 1.1076, potentially driving a rebound. What is your take on the EURUSD and the wedge pattern identified? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
AUDCAD - Technical Analysis [Short Setup]🔹 AUDCAD Analysis on 1H chart - The current Trend is BULLISH - There is BEARISH divergences - Reversal pattern is present which is rising wedge 🔹 Trade Plan - Entry Level = 0.93494 - Stop Loss = 0.93746 - TP1 = 0.93264 - TP2 = 0.93008 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR Like and subscribe to never miss a new idea! ✌🏼
Short
by Bountysoul
CRUDE OIL (WTI): Intraday Bearish Confirmation Update for WTI Crude Oil. Earlier, I share a very bearish setup on a daily. Analyzing the intraday time frames today, I spotted a strong bearish confirmation on an hourly. Retesting a recently broken horizontal resistance, the price dropped and violated a support line of a rising wedge pattern. It is an important sign of strength of the sellers. With a high probability, the price will drop at least to 67.15 level. ❤️Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
1
BITCOIN → Bearish Pressure !!!Bitcoin failed to go beyond 67k so the price may fluctuate around $63800 In addition, the bearish wedge shown in the chart can be a negative signal. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDShort
by CobraVanguard
6
I Cannot Short This !!! situation+next targets.DOT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 6.80$ Stay tuned for more updates, thanks. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Another Falling wedge !!!EOSUSDT is forming a falling wedge on daily timeframe , Up we go if we do breakout. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always ch anging and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1