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Wedge

ADOBE - WENT BULLISH EARLIER DUE TO FALLING WEDGE BREAKOUTTECHNICAL INDICATORS - FALLING WEDGE PATTERN BREAKOUT - Adobe broke out of falling wedge pattern on 2nd & 3rd nov with strong confirmation (2 consecutive moderate sized green candlesticks) STRONG SUPPORT-RESISTANCE ZONE BREAKOUT - alongwith the chart pattern the stock also broke out of a strong support-resistance zone 2 days after the breakout (the zone was tested earlier on 4th & 5th oct) which confirmed strong upside momentum behind the stock PROFIT TARGET - the stock went upwards for 68 points (the max width of the falling wedge) till 624.72 and went beyond
NASDAQ:ADBELong
by peace_lover
ProShares Ultra S&P500 | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # ProShares Ultra S&P500 - Support=0 | Uptrend Equivalent - Bottom LIne | 0.5 Retracement - Double Bottom | Valid Target Structure - Wedge Structure | Hold & Range Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Buy
CAPITALCOM:SSOLong
by TradePolitics
Is C3.AI the next AI Giant to Soar? 123% Potential Upside!🚀 Is C3.AI the Next AI Giant to Soar?🚀 123% Potential Upside! 📈 In this video, we dive into NYSE:AI , a powerhouse in the AI sector, currently retesting a Falling Wedge Breakout! 💡 Key Highlights: -H5 Indicator: Flashing green for a bullish signal -Volume Insights: Massive volume shelf with a significant gap to fill -Technical Analysis: Consolidation box formed on WR% Targets: 🎯$39 🎯$49 📏$58 Don't miss out on the potential explosive growth of $AI! Tune in to see why this stock could be a game-changer! NFA
NYSE:AILong
by RonnieV29
29
EURO - Price can break support level and continue fall in wedgeHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price grew inside rising channel, where it at once broke $1.0835 level, after which rose to resistance line. Also, in channel, price made a gap, after which rose to $1.0935 points and then started to decline. Euro exited from channel, and continued to decline inside wedge, where it broke $1.0835 level and fell to $1.0680 level. Price tried to grow, but failed and later broke $1.0680 level too, and continued to decline next to support area. When price reached this area, which coincided with $1.0530 support level, it bounced and now EUR trades near it. In my mind, price can grow to resistance line of wedge and then continue to fall to $1.0425, breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
14
Internet Computer (ICP) 50% crash incoming.... On the above chart price action has been trading sideways since June. Recent developments suggest a bearish outlook. They include: 1) Price action and RSI support breakdowns. 2) Trend reversal confirmation with double top print. 3) Rising wedge confirmation with 50% correction forecast to $4 area. Is it possible this is all gibberish and fundamentals don’t care for Technical Analysis? Sure. Is it probable price action will correct as forecast? Very likely. Ww
Short
by without_worries
20
Is Dogecoin's Breakout from the Falling Wedge Pattern Bullish ?Dogecoin (DOGE), the meme coin with a loyal following, has recently shown promising signs of a potential bullish breakout. Technical analysts have identified a classic falling wedge pattern forming on the DOGE/USDT chart, which, if broken, could signal a significant price surge. What is a Falling Wedge Pattern? A falling wedge is a bearish reversal pattern characterized by converging trendlines that slope downward. The pattern typically forms during a downtrend and indicates a potential reversal to the upside. As the price action narrows within the wedge, the likelihood of a breakout increases. Technical Analysis of Dogecoin Technical analysts have been closely monitoring Dogecoin's price action and have observed the formation of a falling wedge pattern. The pattern suggests that the selling pressure is weakening, and a bullish reversal may be imminent. • Key Support and Resistance Levels: o A break above the upper trendline of the falling wedge could trigger a significant upward move. o The 50-day and 200-day moving averages could provide additional support levels. • Relative Strength Index (RSI): o The RSI is a momentum indicator that can help identify overbought and oversold conditions. o A reading above 50 suggests bullish momentum, while a reading below 50 indicates bearish momentum. o A rising RSI within the falling wedge can signal a potential bullish divergence, further supporting the idea of a breakout. There is a bullish outlook on Dogecoin with a potential for a successful breakout from the falling wedge pattern could propel DOGE's price. Factors Driving Dogecoin's Potential Upward Movement Several factors could contribute to Dogecoin's potential price surge: • Strong Community Support: Dogecoin has a dedicated and passionate community that actively promotes the coin and supports its development. • Increased Adoption: As more merchants and businesses start accepting Dogecoin as a form of payment, it could lead to increased demand and higher prices. • Positive Sentiment: Positive news and social media buzz can significantly impact Dogecoin's price. • Technical Breakout: A successful breakout from the falling wedge pattern could attract more buyers and trigger a price rally. Conclusion While Dogecoin's future price movement is uncertain, the formation of a falling wedge pattern and the positive sentiment surrounding the coin suggest a potential bullish outlook. Investors should conduct their own research and consider consulting with a financial advisor before making any investment decisions. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Cryptocurrency investments are highly volatile and involve significant risk. It is important to do your own research and consult with a financial advisor before making any investment decisions.
Long
by bryandowningqln
U.S Dollar / Japanese Yen | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # U.S Dollar / Japanese Yen - Wedge Structure 1 | Hypothesis Entry Bias - Wedge Structure 2 | Target Valid - Support=0(12345) - Wave 1 | Wave 5 | Center Impulsive Gain - Retracement 1&2 | Valid Entry Bias Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutral
by TradePolitics
Gigacloud Technology Inc. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Gigacloud Technology Inc. - Wedge Structure | Center Setting Commitment - Double Top | Hypothesis Bias On Area - Support=0 At 15.75 | Pre-Demand - Wave 2&5(12345) | Pivot Schedule Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Sell
NASDAQ:GCTShort
by TradePolitics
Walgreens Boots Alliance, Inc. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Walgreens Boots Alliance, Inc. - Wedge Structure 1 - Wedge Structure 2 - Retracement - Wave (Failed 12345) | Confirmation Template Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Sell On An Intraday Perspective
NASDAQ:WBAShort
by TradePolitics
Double Top on Tech?Technology stocks had a strong first half but could be ending the year on a weak note. Is the sector finally losing its leadership? Today’s chart of the SPDR Select Sector Technology Fund highlights the July 10 closing high of $237.68. XLK stalled around that same level a week ago, resulting in a potential double top on the fund. Second, prices have slipped below October's closing high of $233.73. That stands in contrast with other big sectors like Communications, Financials and Consumer Discretionaries. Third, relative strength in the lower study shows fading leadership in technology versus the broader market. We end with a look at Nvidia NASDAQ:NVDA , which has been a major driver of the sector this year. Notice the sharply rising lower trendline and the higher trendline with less of an upward slope. That kind of rising wedge is a potential reversal pattern. It could also raise the stakes headed into NVDA’s big earnings report after the closing bell next Wednesday, November 20. Standardized Performances for the ETF mentioned above: SPDR Select Sector Technology ETF (XLK) 1-year: +35.50% 5-years: +165.61% 10-year: +448.20% (As of October 31, 2024) Exchange Traded Funds ("ETFs") are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
AMEX:XLK
by TradeStation
3
NAS100, morning/bearish analysisBearish count for NAS100. Completed primary impulse off October 2022 low of 10431.1, 103.69% move from low to high. Ending contracting diagonal (wedge) to complete the impulse. Wave ((3)) is 3.618x the length of ((1)), and wave ((5)) is 1.618x the length of ((1)). Price does not look likely to tag median line (red line) of pitchfork, which strongly suggests a move back below 18500 at a minimum. First key support is 19888.5, then fib supports until 17235.
PEPPERSTONE:NAS100Short
by discobiscuit