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Falling Wedge

🎯 PATTERNS WITHIN A PATTERN 📊NSE:HINDCOPPER 🔴Pattern 1 - FALLING WEDGE 🔴Inside the "Falling wedge" pattern we can identify 2 continuous "W patterns" 🔴Both the Wedge and W pattern 2 needs to give a break out so that this script may have a good probability to become bullish in near future. 🔴BUY ONLY AFTER THE BREAK OUT HAPPENS. BETTER TO BE BUYING AT PULLBACK. 🔴BUY LEVEL - 132 🔴TARGET 1 - 152 🔴TARGET 2 - 170 🔴STOP LOSS - 120 🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴
NSE:HINDCOPPERLong
by PriceAct-fugazitrader
2
BTC with a lack of volumeBTC retested the diagonal support but with a lack of volume (check the last green candle though) I'm looking forward to how this will play out, but it's not a good sign imo. It could hint on some more downside before potentially going up. I'm personally still bearish on the lower timeframes (including the 4h). That's why I'm also shorting this one. Doesn't matter how one would look at it, bearflag or falling wedge, bearish or bullish, but this indicates nothing good imo.
FTX:BTCPERPShort
by NotAChartist
Gujarat State Petronet LtdNSE:GSPL ====================================================== 📈 Swing / Positional Trade - Daily Chart | Pre-Breakout 📈 Buy above = 315.50 - 316 (Breakout) Stop-loss = 306 - 305.50 Target's = 375 - 376 R:R = 1:6 Pattern = Falling Wedge #ThankU For Checking Out My Content , I Hope U Liked IT ✅ ====================================================== 📈 Technical / Fundamental Reason's To Trade 📈 Clean & Simple Pattern Tight Consolidation Above - 200DMA After Successful Breakout It Will Close Above 20-50 EMA (Will Work As A Great Support) 📈(Risk Must Be Managed.) 🙄Keep Your Eyes On Index ====================================================== Guys Check Out MY Related Ideas As Well, You Will Found Them Really Useful FOLLOW 🤝 | LIKE 👍 | COMMENT ✍ --------------Any Suggestions--------------
NSE:GSPLLong
by CT143
Dump is over for BTCUSDTHere you can see that there was a rising wedge pattern on daily time frame for BTCUSDT which broke down nicely and currently is at support line. This is time to buy. There is falling wedge pattern on daily time frame which is yet to break out. So, trade accordingly. I think it is a bullish divergence. You can see why my analysis is so accurate by analyzing RSI lines and top prices. When RSI was falling, price was making higher high and that was the indicator of the bearish divergence. It gave nearly 36% short position move for us! Follow, like and share.
Long
by Harshvardhan21
BTC - A Case of Two Falling WedgesTwo falling wedge breakouts observed on the Bitcoin chart. The first one showing a strong and healthy breakout (with an above than average volume). The latest falling wedge breakout has been a disappointment so far. Volumes have been below average and the price seems to be struggling. A break below the critical support level marked by the yellow line could be catastrophic. Given the macroeconomic environment with FED talking about speeding up the Tapering schedule and a possibility of a rate hike if inflation continues to grow strong, being cautious in this market is best way forward. Don't get caught up in the 'Bitcoin is an Inflation Hedge' narrative. Bitcoin is a 'Risk On' asset :)
by pranjalchaubey