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Wedgepatterns

Will This Descending Wedge Push HYPE to 22.5?If we take a closer look at the price structure, the orange and blue arrows show that BITGET:HYPEUSDT is in an overall uptrend. Meanwhile, the white arrow represents a minor pullback—just a ripple within the bigger trend. When we connect the orange to the white, and then the white to the blue arrow, we can spot a descending broadening wedge formation. Given the current bullish structure, this pattern is more likely acting as a continuation rather than a reversal. After the pattern is completed, the key level to watch is the resistance around 16.62, which comes from the white arrow's high. This level will decide whether price can break through and continue its bullish momentum toward the target zone at 20.52 – 22.55, or if sellers will step in and cause a rejection. In case of a rejection, we might see some sideways movement as the market consolidates before making the next move.
Long
by EkyFabyanto
Silver Breakdown: Rising Wedge Bearish Move Towards Target1. Chart Overview This 4-hour (H4) chart of Silver (XAG/USD) shows a clear Rising Wedge Pattern, a bearish technical formation. The price action recently broke below the lower support trendline, confirming a downside move. Several key levels, indicators, and trading strategies can be derived from this setup. 2. Identified Chart Pattern: Rising Wedge (Bearish Reversal) A Rising Wedge is a pattern that forms when price consolidates between two upward-sloping trendlines, with the support line rising at a steeper angle than the resistance line. This pattern is considered bearish because it signals weakening buying pressure and an impending breakdown. Uptrend Formation: The price had been moving within a wedge, forming higher highs and higher lows. Volume Considerations: A wedge breakout is often accompanied by increasing volume, further confirming the trend shift. Breakout Confirmation: The price has decisively broken below the lower boundary of the wedge, indicating that sellers are taking control. 3. Key Technical Levels & Trading Strategy Resistance Level (Rejection Zone) – $34.00 - $34.50 The upper boundary of the rising wedge acted as strong resistance. Multiple price rejections confirm sellers' dominance in this area. Any future retest of this level may provide a new opportunity for short entries. Support Level (Broken & Retested) – $32.50 - $32.80 This zone previously acted as strong support, preventing price from falling lower. Now that price has broken this support level, it could act as resistance if a retest occurs. A confirmed rejection here will further validate the bearish outlook. Stop Loss Placement – $34.16 A logical stop-loss placement is slightly above the previous swing high and resistance area. If price moves above this level, it would indicate that the breakdown has failed, invalidating the bearish setup. Bearish Target – $30.76 (Measured Move Projection) This level is derived from the height of the rising wedge pattern projected downward. The area around $30.76 aligns with a previous support zone, making it a reasonable target for the current breakdown. 4. Price Action & Future Expectations Current Market Sentiment: Bearish The break below the wedge confirms a bearish sentiment. A slight retracement to the previous support (now resistance) around $32.80 - $33.00 is possible before further downside. If selling pressure remains strong, Silver is likely to reach the $30.76 target in the coming sessions. Alternative Scenario: Bullish Recovery If the price moves back above $34.16, the bearish outlook is invalidated. A sustained move above this level could indicate a false breakdown and may push Silver toward new highs. 5. Trading Plan Based on This Setup 🔹 Entry Strategy: Look for a retest of the broken support zone ($32.80 - $33.00) to enter short positions. A rejection from this level with bearish confirmation (e.g., a bearish engulfing candle) strengthens the trade setup. 🔹 Stop Loss: Placed above the wedge resistance at $34.16 to protect against false breakouts. 🔹 Take Profit Targets: First Target: $31.50 (intermediate support level) Final Target: $30.76 (measured move projection of the wedge) 6. Conclusion This Rising Wedge Breakdown on Silver’s H4 chart presents a strong bearish trading opportunity with a well-defined risk-reward ratio. The break below key support signals continued downside, with $30.76 as the next major target. However, traders should monitor any retest of the broken support zone to confirm further selling momentum before entering new positions.
OANDA:XAGUSDShort
by GoldMasterTrades
BTC Ready for PUMP or what ?The BTC will increase 20k and reach to the top of the wedge in the coming DAYS. Give me some energy !! ✨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:BTCUSDLong
by CobraVanguard
Ultimate Guide to Mastering Chart PatternsChart patterns are essential tools for traders looking to identify high-probability setups based on price action. Among the most reliable continuation and reversal patterns are triangles, wedges, and flags. These formations help traders anticipate market direction and make informed decisions based on breakout potential, trend strength, and volume confirmation. In this guide, we’ll explore the key characteristics, trading strategies, and confirmation techniques for each of these patterns to improve trade execution and risk management. Triangle Patterns Types of Triangle Patterns Triangles are consolidation patterns that indicate a period of indecision before price continues in the direction of the breakout. There are three main types of triangle patterns: Ascending Triangle – A bullish continuation pattern where the price forms higher lows while resistance remains flat. Descending Triangle – A bearish continuation pattern where the price forms lower highs while support remains flat. Symmetrical Triangle – A neutral pattern where price forms lower highs and higher lows, squeezing into an apex before breaking out. How to Trade Triangles Identify the Triangle Formation: Look for at least two touchpoints on each trendline (support and resistance) to confirm the pattern. Wait for Breakout Confirmation: The price should break above resistance (bullish) or below support (bearish) with strong volume. Set Entry & Stop-Loss Levels: Enter the trade after a candle closes beyond the breakout point. Set a stop-loss below the most recent swing low (for bullish trades) or above the swing high (for bearish trades). Measure Target Price: The expected move is typically equal to the height of the triangle measured from the widest part of the pattern. Wedge Patterns Types of Wedge Patterns Wedges are similar to triangles but are characterized by sloping trendlines that converge in the same direction. They indicate a potential trend reversal or continuation depending on the breakout direction. Rising Wedge – A bearish reversal pattern that forms during uptrends. The price makes higher highs and higher lows, but the slope narrows, signaling weakening momentum before a breakdown. Falling Wedge – A bullish reversal pattern that forms during downtrends. The price makes lower highs and lower lows within a narrowing channel before a breakout to the upside. How to Trade Wedges Identify the Wedge Pattern: Look for a contracting price range within two sloping trendlines. Watch for a Breakout: The price should break either above (for falling wedges) or below (for rising wedges) with increasing volume. Confirm the Breakout: Use additional indicators such as RSI divergence or moving average crossovers to validate the move. Set Entry, Stop-Loss, and Target: Enter after the breakout candle closes beyond the trendline, with a stop-loss outside the opposite side of the wedge. Target the height of the wedge projected from the breakout point. Flag Patterns Characteristics of Flag Patterns Flag patterns are continuation patterns that occur after a strong impulsive move (flagpole), followed by a period of consolidation (flag) before price resumes the trend. Flags can be classified as: Bullish Flag – Forms after a strong upward move, followed by a downward-sloping consolidation. Bearish Flag – Forms after a strong downward move, followed by an upward-sloping consolidation. How to Trade Flag Patterns Identify the Flagpole: Look for a sharp price move in one direction, which forms the base of the flag. Confirm the Flag Formation: Price consolidates within parallel trendlines that slightly slope against the prior trend. Wait for the Breakout: Enter when price breaks out of the flag pattern in the direction of the previous trend with strong volume. Measure Target Price: The price target is typically equal to the length of the flagpole projected from the breakout point. Set Stop-Loss: Place the stop-loss below the lower boundary of the flag (for bullish flags) or above the upper boundary (for bearish flags). Common Mistakes & How to Avoid Them Trading Before Confirmation: Many traders enter too early without waiting for a breakout confirmation, leading to false signals. Ignoring Volume: Breakouts should be accompanied by a volume surge for validation; weak volume can indicate a fake breakout. Setting Tight Stop-Losses: Giving the trade enough room to breathe by placing stops outside key support/resistance levels prevents getting stopped out prematurely. Forgetting to Manage Risk: Always follow proper risk-reward ratios (at least 1:2) to ensure profitable long-term trading. Final Thoughts Triangle, wedge, and flag patterns are powerful tools for traders who understand their structure and breakout behavior. By combining these patterns with volume analysis, trend confirmation indicators, and proper risk management, traders can increase their chances of success. Whether you're trading stocks, forex, or crypto, mastering these patterns will enhance your ability to navigate the markets efficiently. __________________________________________ Thanks for your support! If you found this guide helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀 Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈
Education
by TehThomas
92
The THETA chart sure has a story to tell!*"Here is a copy of my latest THETA chart, which I recently covered. There is a lot of information to be discovered simply by looking at it and drawing the proper conclusions. This will be one to watch as we move forward into the 'April flash crash' thesis I have been widely discussing. Even if it doesn't materialize as I've theorized, there are still some interesting developments that could be coming regarding the future of this asset. Good luck, and always use a stop loss!
CRYPTO:THETAUSDLong
by MetaShackle
EURUSD 240 MINS CHART TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. We do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Please keep your comments useful & respectful. Keep it simple, keep it Unique. Thanks for your support Tradelikemee Academy Saanjayy KG
Long
by Tradelikemee
1
Nothing !!!The price will reach the top of wedge = 0.007 in the short term. Give me some energy !! ✨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
6
Novo completely oversold🐂 Trade Idea: Long - NOVO 🔥 Account Risk: 20.00% 📈 Recommended Product: Stock 🔍 Entry: +/- 750.00 🐿 DCA: No 😫 Stop-Loss: 675.00 🎯 Take-Profit #1: 1,000.00 (50%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Novo Nordisk is completely oversold (in fear of RFK) and so is the rest of the Pharma sector as well. Nevertheless, Novo is still printing money and trial results for a new product should come in end 24 or beginning 25 for the oral version of the weight loss drug. The fear over political decisions in the US should be used to buy the Pharma sector. For me, it is Novo and Regeneron. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
OMXCOP:NOVO_BLong
by LGNDRY-Capital
2
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
BITCOIN $250K - Get Ready to Get RichHello everyone! Today, I’m excited to dive into my latest analysis of the Bitcoin cycle, showcased through a weekly view chart that breaks away from conventional wisdom. Rather than adhering to the often-disputed parabolic curves that have been a staple in crypto charts since 2017—curves which have consistently either underperformed or overshot the mark—I'm bringing something different. My analysis is based on a trend line that I've meticulously tracked since 2013. This line has proven incredibly resilient, never once being undercut as of now in 2024. This steadfast pattern leads me to an ambitious yet attainable target: Bitcoin reaching USD 250,000. This projection suggests more than a doubling from our current position within this cycle’s parabolic phase. Interestingly, the duration of these parabolic phases has been extending with each cycle: 427 days in 2013, 525 days in 2017, 567 days in 2021. Based on this pattern, I anticipate the current cycle will span approximately 600 days, concluding around the end of 2025. I’d love to hear your thoughts and predictions. Where do you see Bitcoin heading in this cycle? Let’s discuss below!
BITSTAMP:BTCUSDLong
by LGNDRY-Capital
VESUVIUS: Symmetrical wedge in Formation Consolidation Phase: NSE:VESUVIUS has been consolidating for a while, indicating reduced volatility and balanced forces between buyers and sellers. This phase often precedes significant price moves. Symmetrical Wedge Formation: The current price action is forming a symmetrical wedge pattern, characterized by converging trendlines as the price makes higher lows and lower highs. This pattern suggests indecision in the market, with neither bulls nor bears having full control. Breakout Strategy: Traders should wait for a decisive breakout from the wedge before entering a trade. Bullish Breakout : Look for a break above the upper trendline with high volume, signaling potential upward momentum. Bearish Breakout : Watch for a break below the lower trendline with significant volume, suggesting a potential downside move. Key Levels to Monitor: Identify key support and resistance levels near the wedge boundaries. A confirmed breakout often targets the height of the wedge projected from the breakout point. Disclaimer : This analysis is for educational and informational purposes only and does not constitute financial advice or a call to trade. Trading and investing involve significant risk, and you should perform your own research or consult with a qualified financial advisor before making any trading decisions. Past performance is not indicative of future results.
NSE:VESUVIUS
by VanshikaUdeshi
VESUVIUS: Symmetrical wedge in Formation Consolidation Phase: NSE:VESUVIUS has been consolidating for a while, indicating reduced volatility and balanced forces between buyers and sellers. This phase often precedes significant price moves. Symmetrical Wedge Formation: The current price action is forming a symmetrical wedge pattern, characterized by converging trendlines as the price makes higher lows and lower highs. This pattern suggests indecision in the market, with neither bulls nor bears having full control. Breakout Strategy: Traders should wait for a decisive breakout from the wedge before entering a trade. Bullish Breakout : Look for a break above the upper trendline with high volume, signaling potential upward momentum. Bearish Breakout : Watch for a break below the lower trendline with significant volume, suggesting a potential downside move. Key Levels to Monitor: Identify key support and resistance levels near the wedge boundaries. A confirmed breakout often targets the height of the wedge projected from the breakout point. Disclaimer : This analysis is for educational and informational purposes only and does not constitute financial advice or a call to trade. Trading and investing involve significant risk, and you should perform your own research or consult with a qualified financial advisor before making any trading decisions. Past performance is not indicative of future results.
NSE:VESUVIUS
by VanshikaUdeshi