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Broadening Wedge

Ford Motor Co. (F) Overall Macro Trends & Bullish Case for ATHsThis a fairly long video on Ford Motor Company NYSE:F and the overall macro trends I see in its market. I am long on Ford and this is my bullish case-video and DD. I hope you enjoy! NYSE:F . This is also my first voice over video, so please be kind and let me know if there is ANYTHING you disagree with on the charting aspect of the video or otherwise. Identified: 1. Falling Wedge 2. Ascending Rising Channel 3. Ascending Broadening Wedge 4. Levels of Support 5. Levels of Resistance 6. Breakout Zones 7. Overall Options-Chain Sentiment Tools Used: 1. Trading View 2. Google 3. Unusual Whales 4. www.ford.com 5. My brain Indicators Used: 1. Weekly Candles to find levels of support and resistance - keeping it simple Could Ford be on the verge of a breakout? How is Ford fitting itself into the EV future? What does the big money say about Ford? After careful study of Ford NYSE:F I have come to a bullish conclusion that this stock is getting very close to all time highs. There are 3 major overall macro BULLISH patterns at play that I have highlighted in my video. 1. Falling Wedge 2. Ascending Rising Channel 3. Ascending Broadening Wedge NYSE:F We are possibly about to enter into a breakout zone with NYSE:F as a Broadening Wedge breakout is forming right now. This Broadening Wedge breakout could propel Ford out of its Ascending Channel, which itself was used to thrust Ford out of its Falling Wedge. This is my mind is BULLISH. Please watch the video for more details on my case of Ford reaching new ATH and when that could potentially happen. Any feedback is greatly welcomed! I am long on Ford F
NYSE:FLong
by OccamsPhazer
4
odds of reaching The ATH for DOT is High!Hi every one DOT / TETHERUS DOT Is now ranging in a Broadening wedge pattern! this means the Price can range in this pattern Until a Break out happens! So now DOT has touched the bottom of this pattern recently and now we expect the Price to Reach the Top of this pattern from this point. another sign that Gives a chance to this Prediction is that there is a Cross Between MACD & Signal Line! The MACD line has just Crossed the Signal Line Upwardly, This is of course a Good Bullish Sign. If the Bullish Trend would continue for DOT,we can expect to see DOT at It's ATH which is around 48$. Summery: -DOT is in a Broadening wedge pattern. -High chance of reaching the Top of this pattern! -Bullish Cross on MACD! -Odds of reaching the ATH is High! (48$) 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
22
BTCUSD -H1_ 60'000 FILLED ... POTENTIAL REVERSAL !!!Today, we are going to look carefully at the price action seen on the hourly chart which is showing that the BTCUSD has briefly reached the important psychological resistance level of 60'000. More important is to analyse the recent and current price action !!! Indeed, the top of the ongoing uptrend channel has once again been briefly broken on the upside, which trigger a first warning reversal signal shooting star -doji ! Therefore, price action over the coming hours will be crucial for the short term future. Indeed, a failure to clearly break and hold above 60'000 would add further selling pressure, calling for further downside towards 58'500 first (cluster support) ahead of 58'000 (MBB) and leading indicator. UPSIDE : The highest weekly closing level seen so far is 59'980 which corroborate perfectly my analysis which tell me that a weekly closing level above 60'000 would be very positive and would confirm further upside towards previous ATH over the coming week. Do you like my analysis ? Please do not forget to like it and to follow me as well. "Alone you go faster and together we go further" :-) Have a nice day and all the best Take care Ironman8848
GEMINI:BTCUSDShort
by Ironman8848
POSSIBLE USOIL 1HR DISTRIBUTION!Hello my beauties. I think UsOil is showing signs of distribution on a 1hr timeframe. This would align with the bias that a completion of the bearish broadening wedge is to happen soon. I will sell on successful retest of the red trading range. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
TVC:USOILShort
by TrickleDownFX
Broadening Wedges - Advanced AnalysisIn our previous post in this series about chart patterns we described the characteristics, rules, and causes of triangle patterns (if you haven't seen it, see the related idea below). In this post, we perform an advanced analysis of broadening wedges patterns. We provide a description of each pattern and its implications. We also review the literature in order to find their deterministic cause. 1. Broadening Wedges Broadening wedges are characterized by price variations laying within one support and resistance, both having the same direction and broadening over time. As such the apex of the support/resistance in a broadening wedge is located to the left. Broadening wedges must not be confused with other broadening formations. While they all have a broadening characteristic they can have different identification rules Broadening wedges are classified depending on the direction of the support/resistance. 1.1 Ascending Ascending broadening wedges mostly occur during uptrends with rising local maxima (higher highs) forming an upward sloping resistance and raising local minimas (higher lows) forming an upward slopping support. The slope of both the support & the resistance should be significantly different from 0. Bulkowski suggests the price needs to test the support and resistance three times each. Additionally, the resistance should be steeper than the support. Volume tends to increase during the formation of such pattern. Ascending broadening wedges have a bearish bias with breakouts mostly occurring downward. Downward breakouts are often followed by a decrease in price. Example of an ascending broadening wedge followed by a downward breakout on SOLUSDT 4h. 1.2 Descending Descending broadening wedges mostly occur during downtrends with declining local maxima (lower highs) forming a downward sloping resistance and declining local minimas (lower lows) forming a downward slopping support. The slope of both the support & the resistance should be significantly different from 0. Similarly to ascending broadening wedges, Bulkowski suggests the price needs to test the support and resistance three times each. Additionally, the support should be steeper than the resistance. Volume tends to increase during the formation of such pattern. Descending broadening wedges have a bullish bias with breakouts mostly occurring upward. Upward breakouts are often followed by an increase in price. Example of an ascending broadening wedge followed by a downward breakout on AVAX 1h. 2. Partial Rises/Declines Partial rises/declines are phenomena described by Bulkowski in broadening formations and are described as being common. Partial rises/declines often indicate the direction of a breakout. Partial rises commonly occur in broadening ascending wedges, price bounces off the support, moves towards the resistance without reaching it, and go back to the support. We can expect a potential downward breakout after that. Note that a partial rise always starts from the test of the support. Partial declines commonly occur in broadening descending wedges. The price bounces off the resistance, moves towards the support without reaching it, and then goes back to the resistance where we can expect a potential breakout upwards. Note that a partial decline always starts from the test of the resistance. Partial rises and declines can offer a better price to buy/sell instead of waiting for a breakout. 3. Measure Rule The measure rule for broadening wedges allows us to determine the position of a take-profit/stop-loss. For a broadening ascending wedge the measure rule would place our take profit at the lowest low inside the formation. Selling directly after a partial rise would allow for higher profits. For a broadening descending wedge the measure rule would place our take profit at the highest high inside the formation. Selling directly after a partial decline would allow for higher profits. Certain analysts close trades caused by partial rises/declines when the price reaches the support/resistance of the wedge, opening a new position in the case of a breakout while using the metric rule for setting their take profit. 4. Causes Of Broadening Wedges Bulkowski offers a description of the causes of broadening wedges in the market in terms of the market participant's behavior. The cause of an ascending broadening wedge is a surge from an initial buying impulse, driving the price higher. Momentum traders follow the initial impulse further pushing prices up. Contrarian traders judge the price to be trading above its intrinsic value, selling and thus creating a decline in prices. However, before the decline reaches the previously established low, certain market participants buy again. These participants can be composed of initial buyers, accumulating positions, or late traders seeing the potential to buy at a better price. This allows the creation of a new impulse, with only a divergence left. This scenario eventually repeats itself with increased volume, causing impulses and retracements of higher magnitude reinforcing a positive feedback loop until the price is judged overbought even by initial buyers. A broadening falling wedge follows the same scenario structure but with sellers instead of buyers. 5. Other Observations The amplitude of the cyclical variations within a broadening wedge increases over time, thus potentially highlighting volatility clusters in higher time-frames. Another interesting observation that can be made is that prices within a broadening wedge are subject to heteroscedasticity (variability is not constant, it increases inside a broadening wedge), while prices inside a channel are homoscedastic (variability remains constant). This concept is inherent to regression analysis. 6. Conclusion In this post we described broadening wedge patterns in depth. We have highlighted partial rises/declines as well as how the measure rule applies to such patterns. We then focused on showing how market participants act during the formation of broadening wedges. Note that unlike triangles patterns we did not find a significant amount of studies mentioning such patterns, nor any agent models developed to describe their occurrence. 7. References (1) Bulkowski, T. N. (2021). Encyclopedia of chart patterns. John Wiley & Sons.
LEducation
by LuxAlgo
44
Can MATIC reach 2$?Hi every one MATIC/USDT MATIC/USDT is ranging in a Broadening wedge pattern.This pattern is reliable until a break out happens. since there are no break out we can still rely on this pattern.The price currently is at the Bottom of this pattern and there is a Great chance for a Bullish run. there is also a Regular Bullish Divergence (+RD) on MACD which Strengthen this Bullish prediction. In Midterm MATIC can Reach 2$! Summery: -MATIC is ranging in a Broadening wedge -The price is at the bottom of the pattern -(+RD) on MACD -Great bullish Chance up to 2$! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
MLong
by CobraVanguard
19
Bearish broadening wedge on USOIL! WTI technical analysis!Hello my beauties. It seems that the price of oil, while climbing, has created a bearish broadening wedge (or megaphone). The completion zone for this pattern is the green area. I'll wait for any wign of weakness and initiate a short position to the completion zone. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
TVC:USOILShort
by TrickleDownFX
1
BCH has a Good bullish chance right now!Hi every one BITCOIN CASH / TETHERUS BCH is ranging in a Broadening Wedge pattern! the Price can Range between the Upper and the Lower Line of this Pattern as long as a Break out has not happened! so now BCH is at the bottom of this pattern! the odds of bearish Break out is high but there are also some things to consider! there are Hidden Bullish Divergences (+HD) on Both MACD and RSI Indicators! so this means there is a Great chance that The current price would be a Strong support for BCH and a Bullish Movement would start From here all the way to the Top of the Broadening wedge! Summery: -BCH is in a broadening Wedge! -There are (+HD) on Both MACD and RSI -The odds of Bullish Movements to the top of this pattern is pretty High! 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
19
is ZIL gonna Reach 0.12$?probably!Hi every one ZILLIQA / TETHERUS ZIL/USDT has started to Range in a Broadening wedge pattern. this means the price can range in this pattern until a break out happens! there is a Bullish Cross as well! you can see That the MACD line has just crossed the Signal line and that's a Bullish Sign! so we can say that ZIL is on it's way to 0.12$ and might reach it soon! summery: -ZIL is in a Broadening wedge -Bullish Cross on MACD is a Pretty Good Bullish Sign! -ZIL might reach 0.12$ soon! 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
20
SXP/USDT moved toward our prediction and target. what's Next?Hi every one SXP / TETHERUS (UPDATE) this is an update on the recent analysis of SXP/USDT which now you can see that the price has moved in the direction we predicted! the price has 3 bearish signs right now: 1-the price has touched the top of the broadening wedge pattern and Decreased from that point! 2- a shark pattern is pretty visible on the chart which has just been completed and now it's time for correction.the correction can be up to 0.618 or 0.78 line of Fibonacci retracement (strong support zone) 3- there is a regular bearish Divergence on MACD as well (-RD) so these signs makes us think that the price must start to decrease from this point. the correction can be up to 1.6 or even the bottom of the broadening wedge. there is a slight chance that SXP would break the broadening wedge if it happens the price can increase to 3$ which is a Pretty strong resistance as well. summery: -SXP/USDT has moved in the direction of our prediction and touched our target! -Multiple bearish pattern and signs! strong support at 1.60$ -slight bullish chance to 3$ Previous Analysis: 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
14