MATICUSDT is inside a descending channel and falling wedge 🦐MATICUSDT is inside a descending channel and falling wedge. The price is testing again weekly (and very important) structure.
IF the price will lose weekly support we can see a new bearish impulse.
IF the price will break the falling wedge and turns the daily resistance as support According to Plancton's strategy, we can set a nice order
Weekly
Monthly
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Wedgepatterns
OAXBTC Nice breakout from the falling wedge 🦐OAXBTC Nice breakout from the falling wedge, and now the price is testing daily resistance.
IF the price will break the resistance and turns it into new support According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
QKCBTC is inside a huge descending wedge 🦐QKCBTC is inside a huge descending wedge and the price created a double bottom on daily support.
IF and only IF the price gains bullish momentum and will break recent daily resistance and the wedge, According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CLSK +18% Wedge Breakout Swing Opportunity on Daily ChartCLSK swing trade setting up. First target just below $15. Over $15 room to ~$17.50-18 on daily chart. Wait for break of $12.50 with high relative volume to trigger entry.
BTC | which way we are going...?11 October seems to be an important date to decide if we go further up... or down....
ETHUSDT created a rising wedge on the Monthly resistance 🦐ETHUSDT created a rising wedge on the Monthly resistance.
IF the price will lose 4h support we can see a new bearish impulse. According to Plancton's strategy, we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
CADCHFwe will be waiting to short CADCHF after a confirmation of CBL (Close below low of the candlestick).
This is not a guarantee to trade with your money
NIFTY 50Case:1 - If CMP hits the level of 11170, then uptrend starts, buy and put the target level of 11300 to 11400
Case:2 - If CMP hits the level of 11170, then downtrend starts, sell and put the target level of 11025 to 10777
VOC -long term breakoutOne to put on a watchlist for now is Vocus as it appears to be breaking out of a massive wedge pattern, for me there are two important levels to watch to confirm the strength and validity of a new potential long term trend - the 3.80 level, a breakout and retest of this level would be a long entry for me, taking half profit at 4.90 and let the rest run. If you want to be extra safe/certain it would be ideal to wait for a breakout and retest of 4.90 as this would be a crucial breakout area.
Just my opinion
TD Rising Wedge SetupAs TD continues if it bounces off the green line I will assume a short play if it continues passed the green line I will go long.
I am bear biased on the market. Its more likely that it will continue higher 55% and 45% it will go lower. Stocks usually go up :P
This is a journal entry. Not trading advice.
Dash Look Like create Ascending WedgeToday i want to publish my ta for dasht/btc
i think if this Ascending wedge does not break we can except that dash goes higher
Rising Wedge - "Learn More Earn More" with usWhat makes the chart interesting today is that:
. BTCUSD challenging the Wedge's UpTrend.
. A break bellow Wedge's UpTrend could push the pair to its $10,400 ~ $10,500 previous support areas.
. A rejection at the Wedge's UpTrend, however, could lead to another retest of the Wedge's top.
Will the BTC see an downside breakout against the USD?
No one knows it! We have to wait and see!
Learn More,
Earn More,
With ForecastCity!
Rising Wedge - "Learn More Earn More" with usWhat makes the chart interesting today is that:
BTCUSD challenging the Wedge's UpTrend.
A break bellow Wedge's UpTrend could push the pair to its $10,400 ~ $10,500 previous support areas.
A rejection at the Wedge's UpTrend, however, could lead to another retest of the Wedge's top.
Will the BTC see an downside breakout against the USD?
No one knows it! We have to wait and see!
Learn More,
Earn More,
With ForecastCity!
Short opportunity located within this Wedge Down Pattern on S&TIncome 29.2M
Dividend 5.14% (Wow!)
P/FCF 497.32 (Ultra Bearish)
EPS this Y -8.4%
Sales Q/Q -49.1%
EPS Q/Q -159%
Profit Margin 8.9%
Short Float 2.65%
BTCUSDT creates wedge inside huge triangle 🦐BTCUSDT creates wedge inside huge triangle, be careful.
I'm neutral at the moment
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Weekly USDCAD Linechart overviewSupply & Demand zone and major trend, micro trend, patterns
Come and tell me what you see in this chart.
What is interesting to you here?
And what do you think about the price movement in the coming weeks?
Thanks for your Comment and Like
Possible trade for AUDUSDWhen we look at the chart we can see that the wedge has been broken for the second time. We can see that the first breakout of the wedge was a fake-out so the chance is very good that this is the real breakout of the wedge. We are a little late because it already went down. I had a setup for this one earlier that was closed in profit and reversed signal that was in profit also. After that I went back to this setup so I am already in profit. you can still enter and ride the down wave. We do have to look and see what it does when it is close to the longer time wedge that there is. It will possibly struggle a bit there but if it breaks out of that wedge also than it could drop even more.
If you like what the idea please leave a like and a comment.
Important: This is just an idea that I have. I am not telling you to buy/sell anything. What you do with the information that I give you is totally up to you.
BTCUSD Update Rising Wedge in smaller time frameslevels as described n the chart
have a nice weekend
BTCUS- IS STILL POSSIBLE TO MAKE MONEY ON BTCUSD-******************************************************************************************************************************************************************************
Decisions to buy, sell, hold or trade in securities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of “Day Trading” involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and the ability to bear financial risks.
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CADJPY, D1Hello Traders,
Welcome to my analysis of CADJPY.
Here I've highlighted in the chart a rising wedge in the middle of a downtrend shown with higher lows and lower highs.
I'm waiting for this pair to continue to the last bullish rally and then show signs of reversal around the 77.000 area.
After signs of reversal and confirmation is shown I will be looking to follow the trend downwards to an area of 74.700 at the minimum. Price could also continue to drop below that level if market conditions allow.
Please share your views, like and comment and even give me a follow :)
Thanks, Roo.
Please note, I am not a professional trader and do not control the market. These are simple ideas based on what I see and what I have learnt. Risk is on you if you choose to follow as I cannot be responsible for your Forex account.
The Descending Broadening WedgeA descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.
A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at least twice to validate the pattern.
NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times.
This implies that the descending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times).
A descending broadening wedge does not mark the exhaustion of the selling current, but the buyers’ ambition to take control. The divergence of the two lines in the same direction (increase in price magnitude) informs us that the price continues to fall with movements that are increasingly low in magnitude. The sellers manage to make the price rebound on the resistance line but lose control after the formation of a new lowest point. The highest point reached during the first correction on the descending broadening wedge’s resistance line forms the resistance. A second wave of decline then occurs of more magnitude, signalling the sellers' loss of control after a new lowest point. A third wave forms afterwards but the sellers lose control again after the formation of new lowest points.
During the formation of a descending broadening wedge , volumes do not behave in any particular way but they increase strongly when the support line breaks. source:Centralcharts
In 80% of cases, the exit is bullish.
In 75% of cases, a descending broadening wedge is a reversal pattern.
In 60% of cases, a descending broadening wedge’s price objective is achieved when the resistance line is broken.
In 21% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance line.
This type of pattern appears during the correction in a bullish movement, it is a bullish continuation pattern. Resumption of the bullish movement after correction.
The break in the resistance line definitively validates the pattern.
The price objective is given by plotting the wedge’s maximum height onto the breaking point
NB: pullbacks are harmful to the pattern’s performance.
Statistics of the descending broadening wedge after a bullish movement
- In 79% of cases, the exit is bullish.
- In 23% of cases, a descending broadening wedge occurs in a consolidation movement.
- In 81% of cases, the pattern's price objective is achieved when the resistance line is broken.
- In 40% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance line.
