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Wedge

Gold can rebound from seller zone and continue to fall in rangeHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a few moments ago reached the support level, which coincided with the support area and also entered to wedge, where at once rebounded from the resistance line to the support line. After this movement, the price started to grow from the support line and soon reached the resistance line of the wedge pattern again, but then it fell back. Then price broke one more time at the 2360 level and exited from the wedge, after which started to trades inside the range. In the range, gold quickly rose to the top part, which coincided with the resistance level and seller zone. Price even entered to this area, but at once turned around and dropped to the 2360 level, after which repeated movement up to the seller zone. Next, XAU turned around again and fell almost to support level, after which in a short time backed up, but a not long time ago rolled down from the seller zone. So, in my opinion, Gold can enter to seller zone one more time and then continue to decline inside range. For this reason, I set my TP at 2400 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
Frankly, I don't feel like explaining, the chart says it all !!BINANCE:DOGEUSDT is forming a falling wedge on daily timeframe , Up we go if we do breakout. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
2
Hamster has formed a Pretty Big falling wedge Pattern!...MEXC:HAMUSDT Hamster is forming a falling wedge on daily timeframe , Up we go if we do breakout. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
AVAX - Daily Chart Analysis - A Short Term Opportunity#AVAX/USDT #Analysis Description --------------------------------------------------------------- + AVAX has formed a nice falling wedge pattern and also the price has hit the major support zone. + A clear breakout from the falling wedge is required for a confirmed bullish trend. + We will enter the long trend only after the confirmed breakout from the falling wedge. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 23.86 Stop Loss: 16.86 ------------------------------ Target 1: 29.92 Target 2: 35.25 Target 3: 43.69 Target 4: 62.57 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
AVAX - TRADING AT KEY SUPPORT LEVEL#AVAX/USDT #Analysis Description --------------------------------------------------------------- + AVAX is currently trading at a key support level, and holding this level is crucial for maintaining further bullish momentum. + A falling wedge formation is also visible, and a breakout from this pattern could drive the price higher. + A clear reversal from the support zone is needed to confirm the bullish trend. We can enter a long trade at the current price, with a stop-loss set below the support zone and a target at the local resistance. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 20.88 Stop Loss: 15.93 ------------------------------ Target 1: 28.10 Target 2: 37.44 Target 3: 48.62 Target 4: 62.34 Target 5: 87.40 Target 6: 99.28 Target 7: 133.97 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Euro can start to decline and exit from wedge patternHello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price a few moments ago entered to upward channel, where it at once reached the resistance line and then rebounded down to the support line of the channel. Then price rebounded up and in a short time rose to the support level, which coincided with the support area, making the first gap and soon breaking this level. Next, the price quickly rose to the resistance line of the channel, forming a second gap, after which reached the resistance level, which coincided with the seller zone and turned around. Euro exited from the upward channel and started to trades inside the wedge, where it at once declined to support line of this pattern. After this movement, the EUR turned around and made an upward impulse to the resistance line, breaking the 1.0935 resistance level, which coincided with the seller zone. But a not long time ago it turned around and fell back to the support line, where continues to trades near. In my mind, EUR can make small movement up, higher than the resistance level, and then drop, breaking this level and exiting from the wedge. For this case, I set my TP at 1.0840 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
Second Attempt at Shorting NZDUSDI’m back at it with a second attempt to short NZDUSD, and here’s why this setup caught my attention. Current Overview: - 4-Hourly Chart: i) Rising Channel: The pair is moving within a rising channel. ii) RSI Divergence: This divergence signals a potential weakening of the uptrend, which adds confidence to the short setup. Shorting Opportunity: - 1-Hourly Chart: i) Type 2 Bearish Shark Pattern: This pattern gave me a solid entry at 0.6029. Strategy: - 1st Target: i) Extended to: 0.5992 ii) Why: The market reversed beyond the original 1st target, allowing me to extend it for better profit potential. - 2nd Target: Keeping it open to adjust based on how the market moves. Final Thoughts: This setup combines a classic RSI divergence with a well-defined Bearish Shark Pattern, making it a compelling opportunity for a second short attempt. If you’re considering a similar trade, keep an eye on the targets and be ready to adapt as the market unfolds. What’s your take on this setup? Have you noticed similar patterns in your trading? Share your thoughts and strategies below! Happy trading, everyone! 🚀
Short
by RaynLim
SOLANA → Correction to the liquidity zone before the rally ↑BINANCE:SOLUSDT enjoys high interest from both a fundamental and technical perspective. Bulls overcome key resistance, but the coin follows bitcoin and there are nuances.... Solana's growth is likely to continue because it is well positioned to capture the next wave of cryptocurrency adoption. Likewise, the coin is also strengthening as the third major crypto asset after Bitcoin and Ethereum. Investors evaluate such positive factors as: high activity amid the BTC correction, more meme coins (weird, but okay), growth in overall capitalization and DEX volumes on the network, and low commissions. This whole conglomerate suggests that Solana could be the next crypto-ETF to launch. Technically, we should pay attention to the nuance between Mt.Gox and BTC, accordingly, the market may slip to support until the situation stabilizes before further growth, which can be influenced by ETH-ETF. Resistance levels: 162.45 Support levels: 140.0 133.8, 122.3 The market may let the correction continue due to Mt.Gox, which activated BTC transfers after a test transaction today. And since SOL actively follows BTC, the moves could be correlated. The bullish trend will continue after the situation stabilizes. Rate, share your opinion and questions, let's discuss what's going on with SOL ;) Regards R. Linda!
Long
by RLinda
10
DJI Weekly Rising Narrowing WedgeDow Jones Industrial Average has not shown many signs of slowing in its growth. Here is a bearish biased shape playing out on the weekly chart in the form of a rising narrowing wedge. Strictly PA, strictly structure. Keep an eye on this. Looking for a Macro correction to reach to the .236 or the .382 on a corrective movement. This is a follow up to a macro long idea on the DJI posted back in March 25th 2023. NFA Do your own DD Like Comment and Share!
TVC:DJIShort
by BallsOfSteel32
WING head and shoulders NASDAQ:WING WING has recently broken out of a previous upward channel following positive earnings and raised guidance. This pattern resembles a head and shoulders formation, and a neckline break could at least trigger a retest of the 200-day MA. Key Developments: Uptrend channel breached. Retested bottom of previous channel, failed to break through. Dropped below 100-day MA, subsequently retested and failed to hold above. Expected Outcomes: Bullish Scenario: WING breaks above the upper boundary of the current falling wedge, coinciding with the 100-day MA resistance. In this case, I would exit the position. Bearish Scenario: WING fails to surpass the upper wedge boundary and retests the lower boundary, aligning with previous support and the potential 200-day MA. A subsequent lower high would confirm the head and shoulders pattern, targeting a price of $270-285. Economic Considerations: While declining interest rates are anticipated due to recession fears, this could negatively impact consumer spending, including dining out. WING's franchise-heavy business model may be affected by franchisees delaying store openings in anticipation of lower interest rates and improved economic conditions.
NASDAQ:WINGShort
by Average_Joe_Options
(Update) !!! Daily Chart Analysis : Bull or Bear ? (READ)BINANCE:NOTUSDT The reasons I mentioned in the analysis before, the price increased after the wedge broke, and after the price correction wave, can reach the next targets. Previous Analysis ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
by CobraVanguard
1
Is NOTUSDT About to Break Out? Watch This Key Zone Closely!Yello, Paradisers! Could we be on the verge of a bullish breakout with NOTUSDT? 📈 💎NOTUSDT has recently formed a classic falling wedge pattern, and we're also seeing a potential W pattern near the resistance zone. These formations are often precursors to a bullish move, but we need a confirmed candle close above the resistance zone to solidify this outlook. 💎If we do see a breakout, the bullish momentum could carry us higher. However, if NOTUSDT pulls back instead, a bounce from the support zone is likely. That said, given the current bearish sentiment across the broader crypto market, it’s wise to approach with caution. Scalping with smaller targets (TGs) might be the best strategy here to protect your capital. 💎Keep in mind, though, that a breakdown and candle close below the support zone will invalidate our bullish idea, signaling a potential continuation of the bearish trend. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
10