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Wedgepatterns

META "Triple Bottom" Inside "Falling Wedge" Pattern Patterns Identified- "Triple Bottom" inside "Falling Wedge" pattern Bottom to neckline measurement is approx. 17.89! The measurement for the wedge from its lowest low and highest high is approx. 198.46. My entry will be just above the break of the neckline at 172. I will use a stop loss which I won't disclose on this forum. Profit taking areas will also be set prior to placing the trade. Follow my channel for more trading ideas and to share your trade ideas with me. *This is not financial advice. Loved & Blessed, MrALtrades00
NASDAQ:METALong
by MrALtrades00
USDJPY Showing a WedgeHey traders, USD is trading higher across the board based on hawkish FED, after good US NFP figures last week. The next key event to watch is going to be tomorrow when we will get the US CPI data. This will be an important event for traders' decision to see if inflation is slowing down or will FED have to be even more aggressive. If suddenly CPU numbers will really come down, then we think US yields will drop as 10-year US notes can break above the horizontal resistance. And this can then be a trigger for a drop on USDJPY. In fact, from an Elliott Wave perspective, we see an ending diagonal which is known as a reversal pattern. Usually you will see a strong reversal in a trend when the ending diagonal is finished. But when it's that? Well, when lower trendline support and wave (4) swing supports are broken. For now that's not the case, so it's deffinitely too soon for any "reversal" to be confirmed, but it's good to have it in mind while pair trades below 140.40. That's an invalidation level as wave three must not be the shortest. Trade well, Grega
by ew-forecast
2
Swing Trading Setup For The DAX 30 – Falling Wedge PatternHi Traders, Having a look at the DAX30 on the Daily. We see a potential falling wedge with accompanied divergence across the MACD. I would like to see a break and retest of this pattern before jumping in. This is the daily time frame so this would be quite a long swing position. It's all about patience haha. Let's see how it plays out. My target would be previous daily resistance. Enjoy your Monday! The Vortex Trader
OANDA:DE30EURLong
by TheVortexTrader