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Wedge

LINK - Losing Momentum: Key Breakdown Levels to WatchThe chart structure shows a rising wedge pattern, a bearish formation that signals exhaustion in the current uptrend. This pattern, combined with price action stalling at the highs, indicates that the bulls are losing momentum. Key Observations: 1.) Rising Wedge Breakdown Potential: The price action is forming lower highs and higher lows, aligning with the typical characteristics of a rising wedge. A decisive break below pdVAL (Previous Day Value Area Low) at $28.99 would confirm the bearish momentum. 2.) Bearish Targets: If pdVAL fails as support, we could see a correction towards key confluence zones: First Target: $26.75 — This level aligns with the 0.5 Fibonacci retracement of the entire upward wave and coincides with previous price structure support. Second Target: $26.09 — This level is marked by the pwOpen (Previous Week Open), providing additional support. 3.) Volume Profile: The recent upward move lacked increasing volume, which reinforces the exhaustion narrative. A volume spike on the breakdown would further validate the bearish case. 4.) Support Zones: The key green zone (highlighted) between $26.75 and $26.09 is a strong area of demand, supported by: 0.5 Fibonacci retracement. Previous Weekly Open (pwOpen) and Previous Weekly Value Area Low (pwVAL). Conclusion: Bearish Scenario: A confirmed breakdown of pdVAL ($28.99) could trigger a move towards $26.75, with potential continuation to $26.09. Invalidation: A strong reclaim of pdVAL and a push above the rising wedge's resistance would invalidate the bearish outlook.
Short
by SiDec
NVDA Falling Wedge Pattern Setup: $127 SL - $153 TargetA falling wedge pattern has formed on NVDA's daily chart, with price action contained between two converging downward trendlines. The stock shows a potential bullish reversal setup after reaching recent highs around $145. Volume has been declining during the pattern formation, which is characteristic of a falling wedge. The setup offers a clear risk-reward with stop loss at $127 and target at $153, with entry planned on a break above the upper trendline.
NASDAQ:NVDALong
by sun_finance1
Uptrend & Downtrend Bullish Falling Wedge Pattern TutorialA bullish falling wedge is a charting pattern that signals a potential reversal from a downtrend to an uptrend. Here's a breakdown of its key characteristics: Shape: The pattern forms a wedge that slopes downward, with the upper trendline connecting the highs and the lower trendline connecting the lows. The key is that the highs and lows get closer together as the pattern develops. Trend: It typically forms during a downtrend, indicating that selling pressure is decreasing. Breakout: The pattern is bullish when the price breaks above the upper trendline. This breakout suggests that the downward trend is losing momentum, and an upward trend may follow. Volume: During the falling wedge formation, volume tends to decrease, which supports the idea that selling pressure is diminishing. Retest: After the breakout, it's common for the price to retest the upper trendline, and if it holds, it provides further confirmation of the bullish reversal. Example Imagine a stock that has been falling for several months. The price forms lower highs and lower lows, creating a narrowing wedge. Suddenly, the price breaks above the upper trendline with increased volume, signaling a potential reversal and the start of an upward trend.
NASDAQ:NVTSEducation
by RonnieV29
4
SOL $260 (up to 18%) - Consolidation could be overBINANCE:SOLUSDT is consolidating since the end of November after hitting the zone at $260. The consolidation looks overall very bullish (bull flag) and healthy. As you've seen in my analyse from 4 days ago the situation looks very good. Also, Bitcoin is still holding very strong at $100K (currently at $103K). To determine, if the consolidation might be over we need to look a bit closer. As we can see, we're currently still within the bull flag / consolidation channel between $260 and $200. Since December 11 we can see a bull flag within the bull flag after bouncing off from the support level at $203/$200. This might indicate that we've seen the low for now and are going to break the bull flag / consolidation channel. We've bounced from the 61,8 Fib from this little bull flag. A possible first target would be the resistance at $235. The next two targets would be $242 and finally $260. If we go below $215 we might see another test of the $203/200 level. If you decide to test a long here, try to place your SL below $215 or (if you trade with a smaller size) below the $203/$200 level. Do not forget that we see a lot of liquidity grabs in crypto, so don't trade with a SL to close to support levels or they will be detected. Target Zones $235 $242 $260 Support Zones $215 $203 $200 Let me know what you think!
Long
by LGNDRY-Capital
1
GOLD - Price can little fall and then bounce up to $2690 levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price started to decline from resistance line, breaking $2690 level, and fell to $2535 points, breaking $2605 level too. Then price turned around and started to grow inside wedge, where it broke resistance line and soon reached $2605 level. Price broke this level and rose to resistance line of wedge, after which made a correction to support level. Next, price some time traded and then fell to support line of wedge, after which made upward impulse. Gold rose to resistance line of wedge, breaking $2690 level, but recently it turned around and fell to support line. Now, I think that Gold can fall little below support line of wedge and then bounce up to $2690 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
8
AVN to provide 38% gain within next 4-6 monthsthe stock is currently in its uptrend, Instant entry can be made here with strict SL of 49 with first TP around 86 and second TP around 98 for over 50% gain within next 4-6 months. However, careful traders should enter the trade only once it breaks its previous HH around 71.2 with same SL (mentioned above), however, this time the gain will be confined to 37-38% The stock after significant consolidation has broken out the Falling Wedge Pattern on Weekly time zone, Thereafter making consistent HHs and HLs.
PSX:AVNLong
by Trader-Roze
BTCUSDT Trade LogBTCUSDT Continuation Setup Trade Idea: - Target downside liquidity to approximately $98,500 with a short, followed by a high-confluence long entry in the 4H/Daily FVG. Short Setup: - Target: $98,500 to capture downside liquidity. - Stop-loss: Tight stop above $101,500 to manage risk. - Confluence: - 4H OB rejection. - Rising wedge breakdown aligning with bearish structure. Long Setup: - Entry Zone: Around $98,500 , in the 4H/Daily FVG for a discounted entry. - Target: - TP1 at $101,500 . - TP2 at $104,000 , targeting liquidity above the weak high. - Confluence: - 4H and daily Kijun support. - Strong reaction potential after liquidity grab at $98,500 . Quick Take: This strategy aims to capture both short-term downside liquidity and the subsequent bullish continuation. Ensure confirmation on both sides for precise execution!
Long
by Fondera
Gold can correct and then continue to grow to resistance levelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago fell to the support level, which coincided with the buyer zone and started to grow inside a broadening wedge. In this pattern, the price rose to the resistance level, which coincided with the seller zone and even broke it, after which continued to grow to the resistance line of the wedge pattern. After this, Gold made a correction to the seller zone and then in a short time backed up to the resistance line, but soon turned around and started to decline. Gold quickly fell lower the 2720 level, breaking it and also it exiting from a broadening wedge pattern. Then the price continued to fall and later reached the 2605 support level and even broke it too, after which made a retest and continued to fall to 2535 points. Later XAU turned around and started to grow inside the upward pennant, where it in a short time rose to a resistance level, breaking the 2605 support level, but then Gold made a downward impulse. After this, the price fell to the support line, but a not long time ago it exited from the pennant pattern and now continues to grow. In my mind, Gold can make a move down and then continue to rise to the 2720 resistance level. So, that's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
8
BTCUSDT Trade Log BTCUSDT 1H Short Setup Trade Idea: - Short from the micro FVG in a premium zone after rejecting an Order Block (OB). Confluence: - Rising Wedge: Bearish wedge structure showing signs of exhaustion. - Bearish Divergences: RSI and CVD indicate weakening momentum. - Macro Pressure: Bybit fined in the Netherlands for fraud; Flow Traders withdrew €157M in BTC—both signal potential bearish sentiment. Risk-Reward: - Tight stop-loss above the OB/FVG zone. - 1:2 RRR targeting liquidity levels below $98,000. Quick Take: Macro events and bearish divergences align for a strong short opportunity. Stay cautious of volatility and confirm rejection before full entry!
Short
by Fondera
PLUG Powering Up For A Breakout?!Here I have NASDAQ:PLUG on the Daily Chart! We can see that Monday, November 4th gave us a Very Bullish break to the Falling Resistance Price has been contained by forming the Wedge Pattern and with the Bullish Volume following the Break, gives this pattern a Bullish Bias after the strong decline since Jan. 2021. The push for Greener and Cleaner way of Living and Transportation has the world in High Search for Electric Alternative means of fuel and along the pathway of Lithium and Rare Earth Metals is a new theory of Hydrogen powered Fuel Cells! Currently Price is at $2.52, struggling with a Local Resistance Level after Price reached a new 4-Year Low @ $1.60, close to All Time Low @ .1155 visited in Jan. 2013. With the tight consolidation underneath the Falling Resistance followed with a Break candle and Close candle Above of the Falling Resistance, Confirms a Valid Break of said Falling Resistance and indicates Bullish Sentiment entering the market. -Now, we must wait to see if Price decides to retest the Break of Falling Resistance around ( $2.25 - $2.20 ) and if Supported successfully, would generate a great Buying Opportunity! -If Price does found Support here, I suspect Price we will run into Resistance @ ( $3.55 - $ 3.22 ) then will aim for the Fair Value Gap formed @ ( $5.58 - $5.14 ) Indicators: - RSI Crossing 50 - Large Bullish Volume
NASDAQ:PLUGLong
by Novi_Fibonacci
EURJPY : Cluster Resistance Aligns with Bearish ContinuationWelcome back! Let me know your thoughts in the comments! ** EURJPY Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
BITCOIN - Price can reach resistance line and then start to fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some days ago price traded inside wedge, where it some time traded between $69000 level and then started to grow. Later price broke $69000 level and rose in wedge to $84000 points, after which BTC exited from this pattern. Next, price continued to move up inside rising channel, where it broke $91500 level and rose to resistance line. Then Bitcoin corrected this level, after which some time traded near and rose to resistance line of channel again. But a not long time ago it corrected, after which in a short time rose a little and now continues to move up. I think that price can reach resistance line and then start to decline to $95100 support line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
USDCHF → Breakout of wedge resistance. CPI aheadFX:USDCHF is showing positive signs of willingness to continue the uptrend. The dollar is consolidating in the meantime in anticipation of CPI, which creates risks for us The currency pair is testing the support at 0.877 as part of the correction. A false breakdown and a reversal pattern is formed, which indicates the end of the correction. The price updates the local lows, and on the 4-hour timeframe it enters the realization phase after breaking the wedge resistance. The focus is on 0.882 - 0.8848. If the bulls keep the defense above this zone even after the news, the growth of the currency pair will continue in the future, as the key liquidity zones are still untested Resistance levels: 0.8848, 0.8887 Support levels: 0.882, 0.880 CPI is ahead and traders are not yet ready to take active action prematurely. The report may form a medium-term potential. A break of 0.8848 will be the trigger for continued upside. But, the structure will be broken if the market breaks 0.876 Regards R. Linda!
Long
by RLinda
2