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Ascending Broadening Wedge

Bitcoin under Mini #BullTrap#Bitcoin 4hr. Chart Analysis After CRYPTOCAP:BTC #DeathCross completed in today morning, Whaler's will trying to manipulate the market, and they were successful after today's #BullTrap. But as per 4 hr. chart pattern of Bitcoin's, it properly moving into Ascending Broadening Wedge Pattern with perfect Symmetry again. Next downtrend cycle starts from 15-17 Sept. towards $22k to break out its strong support of $23.8k soon. Always #DYOR and Trade with #StopLoss, it's #NFA and, Must LIKE, SHARE, COMMENT on it...
KRAKEN:BTCUSDShort
by AskToRahulSirohi
BITCOIN soon moves under Bearish Zone#Bitcoin 4-hr.Chart Analysis CRYPTOCAP:BTC moving under Ascending Broadening Wedge Pattern, As per 4-hour chart, its cycle started from 18 August, as well same wedge pattern moving under hourly cycles too.. The last cycle of this Bearish Pattern will be finish around 12-15 September, after #DeathCross, and the CRYPTOCAP:BTC market moves into much more deeper in #BearishZone towards $22k and major chances it also break-out towards FWB:21K -$19k too... Although. Last Lower-Low Cut-off point will be in between $16.5k-$15.5k Always, #DYOR before investing in Crypto-Currency and Trade wisely by using #StopLoss It's just #NFA and, Must Like, Share & Follow me as well Comments on it...
BShort
by AskToRahulSirohi
BITCOIN - Ready to move in Bearish Zone#BITCOIN 4hr. Chart Analysis At Present from last 20 days, CRYPTOCAP:BTC moving into Ascending Broadening Wedge Pattern. Ascending broadening wedge is one such formation, where its signal manifestation of the ascending wedge pattern in an uptrend, the asset price trend reverses downtrend. Hence, it is a bearish reversal pattern. An ascending broadening formation forms an inverted triangle shape in the price chart. So that, remember the CRYPTOCAP:BTC historical chart pattern of September always into Bearish trends. Now it's moving towards $22k to break-out one of its strong support of $23.8k soon, may be some chances to take a mini reversal, but it will be not sustainable for long and break-out soon towards 2nd last #Bearish reversal cut-off point at $21.5k-$19.5k soon. Here, Market Sentiments towards Bearish Zone as well Whaler's are also ready for that too. So, trade wisely with #StopLoss at this situation of Volatility into market, and always #DYOR, It's #NFA and, Must SHARE, LIKE, COMMENT on it..
CRYPTO:BTCUSDShort
by AskToRahulSirohi
#BITCOIN - Still under #BearishZone#BITCOIN 1-Day Chart Analysis As per daily signals into yearly chart pattern, CRYPTOCAP:BTC moving under Ascending Broadening Wedge pattern from January 2023 to at present and still to be continue.... As per pattern, BTC moving into final downtrend cycle of #CorrectionWave and as per pattern, its final Lower-Low point will be approx. $22.225 and last lowest cut-off point will be $19.5k, if market goes more Bearish. As per historic chart of last 11 years in Trading of BTC, September month was always under #BearishZone and their will be major chances for this year too,,,, Lets, see... What's the next market Sentiments... Anyway, Always Trade wisely by using #StopLoss and #DYOR, It's #NFA & Must FOLLOW, LIKE, SHARE & COMMENT on it...
BShort
by AskToRahulSirohi
BITCOIN still under #BearishZone#BITCOIN 1-Day Chart Analysis- As per CRYPTOCAP:BTC daily chart, Yearly Cycles running into Ascending Broadening Wedge pattern, then its final wave is nearby touched their support level and soon break-out up to $22.5k to $19.5k to complete its Bearish Zone cycle up to 5/7 sept., while monthly cycles moving under Descending Broadening Wedge Pattern, and as per that after the current downtrend completing, its upper Bullish divergence starts soon from mid of Nov. 2023. At present, market is under volatile situation and Bears & Bulls both ready for their move, and Whaler's are also find the easy gap of 6k-7k for big Pumps & Dumps on this situation. So, as per that chart pattern will be change too, but majority of chances of Bitcoin moves as per given pattern. Always #DYOR and Trade with #StopLoss, It's #NFA & Must SHARE, LIKE & COMMENTS ON IT....
Short
by AskToRahulSirohi
Ascending Broadening Wedge PatternsIt looks like Megaphone, Usually the price is hitting higher highs on the top resistance line and higher lows on the bottom support line. Easily spot at the top of the trend. How to trade it? For downward breakouts, use the lowest valley in the pattern as the target. For upward breakouts, consider the difference between highest and lowest valley as height for the target from the highest valley price. Since the bottom trendline slopes upward, do not short this pattern at the top trendline. Go long at the bottom when price bounces off the bottom trendline. Short it below the lowest valley
NSE:NIFTY1!Education
by OK_Rane
Ascending Broadening Wedge Pattern in LT for 2565+ Target On a Monthly Timeframe, In this stock gives the breakout of ascending broadening wedge pattern near 1850 level. So it is a wise idea to trade in the breakout direction at the current level. According to this pattern most of the time it gives correction movement after the breakout. So for confirmation entry can wait for the corrective movement to entry. The target is the full height of this wedge pattern and it can be 2565+ in LT. Can take position near 1850 level with stop loss below 1590 level. Keep some space in stop loss below 1590 according to your risk management. This position can give a good risk-reward for the short term.
NSE:LTLong
by TradZoo
1
Banknifty (Probabilty vs Possibility)After the formation of strong bearish engulfing pattern in daily chart, the market is taking a pause. Case 1 - We can see a inverse head and shoulder pattern formation and an ascending channel formation (in 5 min chart) at its right shoulder. If BNF crosses 29800 and sustains, it could retest 30000 level Case 2 - If a breakdown of the ascending channel formation (in 5 min chart) happens, we can expect BNF to come down up to 28950 level as that is the immediate support. P.S. Please see 5 min chart, since trading view is not allowing me to post in 5 min time frame. Cheers.
NSE:BANKNIFTY
by aman_saha
Short GBPUSD to test 1.21151 level of the broadening channelGBPUSD is a good sell right now as there are a number of patterns that point towards the southward trajectory of the pair. The pair initially went above the broadening channel, but later on reverted back with a head and shoulder pattern (blue shaded area) which make bears on the winning side, with the target of testing the lower trend line of the channel at 1.21151. In other words, follow the red arrow. Meanwhile, the pair is taking support from the 1.22859, which might become the neckline for the second head and shoulder pattern (highlighted by green area). The second shoulder of the pattern has not formed yet, which can make the prices turn to 1.24043 resistance level. In other words, the pair can follow the path highlighted by blue arrows. 10 to 20 pips above this resistance can be the stop loss for this entire trade. Furthermore, on the weekly chart, the pair has formed an evening star pattern that again supports the bearish argument.
Short
by forexnoobmaster007
Broadening Formations, Right-Angled and Ascending/EngulfingThe stock has formed Broadening Formations, Right-Angled and Ascending pattern and one can buy on the touch at horizontal line. There was Bullish Engulfing on 13.06 and it trades above the next day showing strength. Stop Loss is of one bar is affordable. Entry 18100 SL 17750 Target 19500 RR Ratio 4 Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
NSE:BOSCHLTDLong
by praveen.bhatiya
B's shopping theory & Nifty !Let me ask this first, How many of you are frustrated bcos of almost no movement in Nifty ?! Almost we are stagnating within 100 point range from Oct 19th. Intra's will be having chances here n there but positional ones will be irritated to the core bcos of no movement & no trade setup emerging out of Nifty. B's Shopping Theory : Am not sure about the exact date, but before Dussehra itself( from Oct 1st week I guess ), I told Nifty will be directionless till Diwali bcos Bull & Bear ( B's) need some relaxation time & want to celebrate Diwali. B's are out on shopping so whatever the move happens is not the decider of overall path in coming days, its just movement by retail traders expecting up or down ( just My opinion). To prove the B's shopping theory, Nifty is reflecting the same forming Ascending broadening wedge (ABW) pattern. {LHS} This Ascending broadening wedge (ABW) pattern forms when markets are bit directionless & patterns right end are open to the max range, so Nifty can oscillate between them without moving in any direction, so Nifty was moving within that pattern without proper direction & range is also wide enough, so its good for Intraday traders.In contrast consider some triangle pattern with narrow close on the right end, it needs to give a breakout sooner when it reaches the end but this broadening wedges can take their own sweet celebration time & confuses us.{RHS} Therefore L.H.S = R.H.S, Hence the theorem is proved :) Regarding Mistry sacking Mystery's, there are lot of bad decisions / conflict of interest involved so the Tata group did what's right & Best to protect their Ethics, This is Best for Tata's future. If I go indepth about all the aspects it will take another huge post to explain what went Behind the scenes, so lets close Mistry topic with firstline of this para probably on some relaxed day I will explain those. And the Tata's won't give direction for Nifty I believe ( it will be temporary) but let's see. Getting back to Nifty, The Best way is being intraday trader that doesn't mean positional's won't get chances. Its just my opinion that positional traders will get chance after Diwali. By the way don't get annoyed that I didn't give any direction or trade setup, bcos there is no real directional chance I see here, so relax guys...take some time off away from monitors... We are not gonna make millions within 15 days, thats why told to take some rest from markets.( Bulls & Bears ) B's are out on shopping, so trade intra or better relax & take vacation till Diwali... Let the B's Shopping Theory Work :)
NSE:NIFTY
by InsiderB
2