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Wedgebreakdown

Bitcoin (BTC/USD) Rising Wedge BreakdownMarket Structure & Analysis: Rising Wedge Formation: Price has been moving within a rising wedge pattern, which is typically a bearish reversal pattern. Bearish Breakdown Expected: BTC is testing the lower boundary of the wedge, indicating a potential breakdown. Resistance Zone: $89,649 – Key resistance level preventing further upside. $88,336 – Local resistance that price failed to sustain above. Support Levels: $86,852 - $85,335 – Intermediate support range. $80,402 – Main target for a bearish move. $76,725 – Secondary support in case of further decline. Trading Plan: Sell Setup: Wait for confirmation of a breakdown below the wedge. Enter short if price closes below $86,852 with volume confirmation. Stop Loss: Above $88,336 to avoid false breakouts. Take Profit Targets: TP1: $84,474 (first support level). TP2: $80,402 (main target). TP3: $76,725 (extended bearish target). Risk Factors: If BTC finds strong support at $86,852, a bounce could invalidate the bearish setup. Macro events (ETF approvals, institutional buy-ins, Fed rate decisions) may impact price action.
BINANCE:BTCUSDShort
by PIPsOptimizer
NVIDIA $NVDA | NVIDIA WEDGE BREAKOUT SOON - Sep. 20th, 2024NVIDIA NASDAQ:NVDA | NVIDIA BREAKOUT SOON - Sep. 20th, 2024 BUY/LONG ZONE (GREEN): $118.25 - $130.00 DO NOT TRADE/DNT ZONE (WHITE): $114.75 - $118.25 SELL/SHORT ZONE (RED): $103.75 - $114.75 (can be extended to $92.00) Weekly: Bullish Daily: Bullish 4H: Bullish NASDAQ:NVDA looks choppy and very ranging, but is consolidating towards a zone that has been tested roughly seven times. Bulls should be looking for price to pinch and breakout above $118.25 towards the $130.00 price area, or bears can look for price to pinch and breakdown below the $114.75 level towards the $103.75 area. Bears can also look for price to drop to the $92.00 area that had started the previous bull rally. Despite my three main timeframes indicating a bullish trend, I would be happy with a fast move in either direction. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, spy, sp500, s&p, fed, federalreserve, fedrate, fedratecut, interestrate, jeromepowell, fedchair, 50bps, volatile, volatility, NASDAQ:NVDA , AMEX:SPY , nvidia, nvidiapricetarget, nvdatrend, nvidiatrend, nvdasetup, nvidialongs, nvidiashorts, NYSE:SNOW , nvdawedge, wedgepattern,
NASDAQ:NVDA
by TonyAiello
4
WAVESUSDT is testing the supply zone inside a rising wedgeThe price had a nice breakout from the descending channel on the daily timeframe. After the breakout the market had another breakout from the static daily resistance with volume on 1.8$ area. on 4h timeframe the price is testing the supply zone, the 2.5$ area is a key level for WAVES, and now the market is creating a rising wedge. A rising wedge is a bearish chart pattern consisting of two converging trend lines, with the first line connecting the recent lower highs and higher highs, and a second trend line connecting the recent lows. The resulting shape looks like a triangle that is angled upward. The opposite of a rising wedge pattern is a falling wedge. What's next? If the price is going to lose the local support and retest it as new resistance we could see a retracement until the previous daily support on 2$ area
W
by InkyGrip
6
BALKRISIND - Price Action Analysis Since sept 2021 , NSE:BALKRISIND has changed the price action and started to making lower lows. So to find more opportunity, we have to understand and take a look from higher TF. Weekly TF(Higher timeframe) - As in weekly TF, a bullish trend started from March 2020 has been stopped somewhere in Sept 2021 and trend has shifted. In between , A rising wedge has been created and after confined break down of Wedge its clearly followed the down trend. So question is Where we can buy or sell ? well that answer is in daily time frame. Daily TF - So we have already witnessed of Rising wedge Breakdown , and volume has also reformed during the breakdown . Price again creates Lower lows and supply zone has been created at 2194 -2240 (approx. 50 point). BUY Opportunity : There is a Demand Zone at 1780 -1720 . if price sustains above this zone and stopped making Lower lows that where you can go with the long with small risk. SELL Opportunity : if price again reject from define Supply zone then you can get opportunity at sell side as well. NOTE : Make sure you follow the price action before you entering in any position. In Conclusion , My observation still at the down side because there is no clear direction of bullishness in weekly TF , if price comes at demand zone at mention level in the chart, there would be higher chances of Reversal so till now you can take action base on price. If you have a different opinion, please share your thoughts in the comment section. If you like my ideas, please show some appreciation with a like and follow me for more such trade ideas. Happy and safe trading! :)
NSE:BALKRISINDShort
by vraj8597
TATASTEELHello and welcome to this analysis on Tata Steel After a long correction which lasted more than 7 months, in FEB the stock gave a vertical recovery rally. The rally ended with a diagonal indicating signs of short term exhaustion. Earlier this month we saw the diagonal breakdown and today we are witnessing more selling pressure in it. It could continue this decline till 1250 as long as it fails to move above 1320. Medium to long term stock remains bullish. Short term weakness might continue
NSE:TATASTEELShort
by Dinesh_C_Nagpal
Bitcoin Slow And Steady ClimbIs this a dream, inside of a dream, inside of a dream? BTC loves playing with our emotions. It's having a field day with this one. This price action is coming in the middle of the night and furthermore, this is coming off of a confirmed H&S, as well as a number of other bearish patterns. Im not even going to try to guess the direction at this point, I'm just going to let the chart speak. A keynote here is the smaller scale rising wedges have broken to the upside so let's see if it keeps doing the same. Happy 4th everyone, have a GREAT day!
by NoOneWhoIsSomeone
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 ––––– 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.
M
by InkyGrip
1
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.
by TayFx
13
Technicals Over Fundamentals: Rising Wedge BreakdownPrice formed a rising wedge after its bounce. Validation of the pattern is also supported by the reducing volume as the price rises, revealing a divergence. Wedge top price matches with 50% Fibonacci level. If price remains below both of these levels, next move will possibly be the breakdown of the wedge. First target is at 2450. If you find the idea useful, please like and support. Stay safe, wash your hands and good luck on your trades :) The information given is not a Financial Advice.
SP:SPXShort
by UnknownUnicorn4649511
CHMA short entry on break of upward wedgeAs CHMA breaks its upward wedge pattern, a short position is entered with a tight stop. Factors leading to the decision: Huge rejection at the ATH, creating a new major down-trend Lower trendline of an upward wedge has been broken Heavier bearish volume showed up at prior dip, getting the attention of short sellers Price came back up and re-tested the trendline and was rejected. This creates a lower-high which is an ideal place to put a tight stop for the trade As always, use a tight-stop and if it rips down, let it run and trail stops behind
CShort
by ericsolan
BTCUSD: TD Sequential 9 Next Week To Decide Direction?Part 9: Next week looks set for a bullish TD Sequential 9 on the Weekly chart that hasn't been seen since July 2018. Back then this led to a 40% increase in the price of Bitcoin followed by 4 months of consolidation. This scenario is labeled "A". Extrapolation C is the inverse of the "bearish" TD 9 in April 2019 that led to a continuation of the bull trend. Hence, C is labeled as the "bullish" TD 9 but would be the most bearish scenario. Scenario B is the extrapolation of the 2018 wedge breakdown, as documented in Part 1 of the Bitcoin repeating history series. The two year vpvr "average price" is referenced as a key level to break (and close) above at $8376. If Bitcoin Repeats History? Part 1: Descending Triangle Looking Similar To 2018 Part 2: Measuring The Move of the Descending Triangle Breakdown Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1 Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross Part 8: Bitcoin's Full Moon Reversal 6 Month Pattern
COINBASE:BTCUSD
by dragononcrypto