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Wedge

TITAN broke out of long term resistanceTITAN formed broadening wedge pattern on daily chart. Price broke out of resistance line today with strong bullishness. Entering at this level offers ideal risk reward of 1:5. I really like when risk is low like this one. Always I try to keep the risk at less than 5%. One can move the target as price moves in favour. Stop loss can be held just below previous swing low which is not far away. Hope you like this idea. If so, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
NSE:TITANLong
by digijagan
Bitcoin Analysis==>> Reversal Patterns==>UP/UP/UPBitcoin is moving near the Support zone($58,000-$56,600) . Regarding Classic Technical Analysis , Bitcoin seems to have succeeded in breaking the upper line of the Falling Wedge Pattern . It is also possible to form the Inverse Head and Shoulders pattern . Regarding Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) . This wave is part of Corrective Waves . Also, we can see Regular Divergence(RD+) between Consecutive Valleys . I expect Bitcoin to go UP to at least the target of the Falling Wedge Pattern . My previous post titled " Bitcoin Analysis==>> Pumping Again==>>Short term " is still valid Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $55,000(at least). Bitcoin Analyze (BTCUSDT), 1-hour time 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
26
SPY: Doom and gloomLooks like we are at long term resistance. it is getting rejected multiple times. We already reached 1.61 level, we might retrace back 50% to $455 or $413. Look at the negative divergence in long term RSI, that's bearish. Any new ATH can be shorted I guess. As rates are coming down, we might make one more ATH and then we might retrace back to the support in the upcoming recession. New ATH is in the cards, but not written. Trading is better than investing as of now. If long term support breaks, I guess that's going to trigger a atleast 30% draw down from the peak. We still have time for that I guess. Cheers AMEX:SPY
AMEX:SPY
by MarathonToMoon
GBPNZD → Realization (distribution) phase. Target 2.065FX:GBPNZD is in the phase of realization of the previously accumulated potential (descending triangle), at the moment a counter-trend correction is formed, directed to the liquidity area. The fall may continue. The currency pair entered the range of 2.117 - 2.095. The lower boundary and the liquidity area have not been tested yet, so the potential target is still valid. The counter-trend correction is due to the counter-trend growth of the dollar against the main basket of currency pairs. On H4, there is a conglomerate of strong resistances ahead, which may prevent the price from the first time, accordingly, a false breakdown and further decline should be considered. Resistance levels: 2.11, 2.113, 2.12. Support levels: 2.098, 2.085 The breakdown of the structure, character and the formed confirmation of the bear market indicates that the counter-trend correction can be stopped from the liquidity pool area, so the downward movement can be continued from the mentioned resistance Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPNZD ;) Regards R. Linda!
Short
by RLinda
4
Euro can bounce of support level, leave wedge and rise to 1.1130Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price rebounded down from the buyer zone and dropped, but soon turned around and started to grow inside the upward channel. In the channel, the price reached the support level, which coincided with the buyer zone and broke it, and then it continued o to move up. When EUR reached the resistance line of the channel, which coincided with the resistance level and seller zone, the price turned around and started to decline. Euro exited from the channel and later entered to wedge, where it rebounded from the support line and rose higher than the 1.1160 level, breaking it. Price some time traded near and after reaching the resistance line started to decline. In a short time, the EUR broke the 1.1160 level one more time and fell to the 1.1050 support level. But recently it bounced up and now trades very close to the resistance line of the wedge. In my opinion, the Euro can rebound up from the support level and exit from the wedge, breaking the resistance line. Then it will continue to move up, therefore I set my TP at 1.1130 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
Ethereum 8-Year Rising Wedge: Bearish Break Out!In previous ETH analyses I talked about this huge 8 year wedge pattern on the ETH chart. Where my initial takes were bullish, we've seen a bearish break out as of last week. From a neutral point of view, this is 100% bad news. ETH will likely fall more and move towards the 1000$-1500$ area (yellow). Might be a hot take, but most alts have been performing extremely poor recently and are down 60%-80% from their 2024 tops. Bitcoin is holding up relatively well, but that's because the BTC dominance increased by a factor of ~1.4x this year. Money is flowing out of alts (including ETH) and moving to stables and BTC. What do you think? Will ETH drop more, or go back up?
KRAKEN:ETHUSDShort
by FieryTrading
12
BCCOIN/USDT: READY FOR ANOTHER BIG MOVE!!Hey everyone! If you enjoy this analysis, a thumbs up and follow would be greatly appreciated! BCCOIN looks good here. Forming a falling wedge-like structure in a 4-hour time frame and currently trading near the lower trendline of the wedge. Once it breaks out from the wedge, it can easily pump 200-300%. Buy some now and add more in the dips. Short Term Target:- $2.5-$3.5 Mid Term Target:- $7-$8 Long Term Target:- $15-$20 What are your thoughts on BCCOIN's current price action? Share your analysis in the comments below!
Long
by CoreCrypto1
Bitcoin can start grow to resistance level, exiting from wedgeHello traders, I want to share an update on Bitcoin with you. Looking at the chart, we can see how the price some time ago fell to the support line, breaking the support level, which coincided with the buyer zone, but at once rebounded up to the resistance level. Then BTC some time traded near this level and later it made a correction movement to the support line, which coincided with the 56600 support level and then started to grow. In a short time, the price rose to the resistance level, broke it, and even rose a little higher than the seller zone, but then it turned around and started to decline inside a downward wedge. Inside the wedge, BTC quickly fell to the 61700 level, broke it one more time, and then dropped to the support line of the wedge, breaking the support line. Next, the price bounced from the support line of the wedge and rose to the resistance line, after which turned around and continued to decline near this line. At the moment, the price trades near this line and I think Bitcoin can fall a little more in a wedge and then start to grow. Price can leave a wedge pattern and continue to grow to the 61700 resistance level, which is my TP. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
USD/CAD Short Trade Idea (1H Timeframe)Overview : We're currently observing a potential short opportunity on the USD/CAD 1-hour chart. The pair has been trading within a rising wedge pattern, which is often considered a bearish reversal signal. The price action is now showing signs of weakness near the upper boundary of this wedge, suggesting that a downside move could be imminent. Trade Setup: Entry: Current market price, anticipating a breakdown of the rising wedge pattern. Stop-Loss: 0.00368 (0.27%) above the entry point, placed just above the recent resistance level. This level serves as a safe buffer in case of a false breakout. Take-Profit: 0.01105 (0.82%) below the entry point, targeting the previous major support zone. This gives us a solid Risk/Reward ratio of 3:1, ensuring the potential reward significantly outweighs the risk. Risk Management: The position size is calculated to limit the risk to a manageable level, with a total of 36.8 pips at risk (Amount: 750). The potential reward for this trade is approximately 110.5 pips (Amount: 1750.68). Rationale: The rising wedge formation indicates a possible trend reversal. Combined with bearish divergence on momentum indicators (if applicable), this setup provides a compelling case for a short entry. The stop-loss is strategically placed above a significant resistance level to protect against a sudden upward move, while the take-profit target aligns with a key support zone, offering a favorable risk/reward ratio. Note: As always, ensure proper risk management and consider market conditions before entering the trade. Happy trading!
Short
by SwingMarkets
1
Can the HOUSE Catch SHORT from Daily Consolidation EQ Level...?NYMEX:CL1! "When you want to succeed as bad as you want to breathe, then you'll be successful. It's not about craving success like you crave food or water, it's about needing it like air. That urgency, that necessity—that's when you break through." -Eric Thomas I consider this published narrative SHORT to be as HIGH probable as they come. Why? Due to the PA on the Daily TF... I have went into Gr8 detail here in the video as to why I'm SHORT Biased on this asset this week. Now of course this is all based upon probability!! IF PA can develop price building back into Daily Consolidation EQ Level ($74.75) / S&R Zone ($75.00 to $74.65) then i'll be compelled to go SHORT... My absolute STOP Level will be ($75.50) not willing to risk any higher... Remember our ultimate GOAL is to Master our SYSTEM over-time. We aim for 3-5 Possible HIGH PROBALE setups a week, nothing more than that!!! LESS IS MORE!! Less Trades-Massive Profits!! 1) I'll keep close update as PA develops and we have more data to work with. Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
NYMEX:CL1!Short
by TreyHighPwr
Wormhole - Falling Wedge Close To Breakout - Potential 360% MoveA lot of new token launches (Airdrop/Pre-Sale at least) this year seems to suffer the same fate: Price might pump a bit at launch with decent volume, but soon after the interest dies and the price dumps. I've seen several coins now with huge falling wedges like we can see here, and the breakouts are usually insane. W looks like it's getting very close to finally getting out of this wedge. This looks like a great place to enter a long. Main target is $0.786, and the plan would be to hold maybe ~20% if it looks like it can push $1. The VWAP has acted as a resistance in the past, if the price fails to go past this VWAP again I'd just sell, as it's likely to reverse again. The St. Dev. Bands line up quite well with my targets, and could end up becoming more precise TPs. The targets probably seem unrealistic, and maybe they are for the shorter term at least, but these markets move in strange ways, I've been seeing some crazy price action lately (like CLOUD for example) Tight SL here, would probably look to enter somewhere lower if it gets hit.
Long
by NoLimit_777
GOLD → Retests of 2531 continue. Bulls want to go to 2550FX:XAUUSD continues to strive upward to overcome 2531. The price does not react to the dollar growth and forms a pre-breakdown consolidation in the format of an ascending triangle. US GDP data slightly cooled market expectations of a significant rate cut in September, the US dollar rebounded strongly. However, this failed to deter gold buyers, who continue to consolidate and move closer and closer to key resistance. Interest in gold is being instilled by geopolitical tensions in Eastern Europe as well as the Middle East. Ahead is the PCE inflation data in the US. Traders are waiting for hot data, if expectations are confirmed by actual data, the market will continue sideways movement on the background of dollar correction. Technically, the consolidation has the character of a breakdown formation with the aim of breaking through 2531 and further growth to the psychological data. Resistance levels: 2531 Support levels: 2517, MA-50, trend We continue to watch 2531, another retest and slow price approach to the level may break this zone, which may form an upward impulse. But, unpredictable news may break the structure and finally close the price in flat until next week. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
5