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Falling Wedge

SREINFRA,Inverse H & S +Bull Engulf + falling wedge->> go go goNSE:SREINFRA It is trading in a falling wedge pattern and about to breakout upwards. A valid Inverse Head & shoulders pattern has been formed and also the last two candles form Bullish Engulfing pattern. Confluence of all these factors suggest for long positions . Longs may be taken at current levels with tight stoploss below 100 or once it breaks the trendline with stoploss around 97. We can see targets of 112,125 and 140.
SLong
by atul4b95
3
Broke out of pennant - Short term tradeHere is a short term trade for LTC. Currently LTC is getting traded at low volumes. Probably because of all the news in the media. It broke out of the pennant (falling wedge) and currently hovering close to fib level 0.786. If it manages to surpass this resistance then it'd find resistance at fib level 1. Now that is close to 20 points high. Looking at RSI, there is enough room for buyers. MACD is showing a bullish divergence. That said - here is the short term target. Buy - now ($280) Target Profit - $300 - $309 Stop Loss - $271 As always, please feel free to revert with feedback and questions. Merry Christmas and happy trading!
BITSTAMP:LTCUSDLong
by rony.kris
4
QuickHeal: Falling Wedge Pattern This is the Chart of Quick Heal on the daily scale, A falling Wedge pattern did appear and the Prices breaks out downward. Though Falling Wedges patterns are supposed to breakout upwards, but here it breaks out downward. This pattern forms over a period of approx 6 months. Break out came with a gap , hence signalling price may go down further. Support for the stock is at 210-209 levels. And if i look at harmonic pattern i could see a probability of Bat pattern ,suggesting a support zone near 211-210 levels Hence , one should keep an eye on these levels to determine the further price action in this stock
NSE:QUICKHEAL
by manuagarwal21
Eur Usd Trump Eyed 06-04-2017 (AP) Hello Fellas, The pair is still ranging in 60 pips. there is no clear direction on the pair. A break above 1.0690 would trigger 1.0733 then 1.0766 & 1.0799. on the flip side next support lies at 1.0620,1.0600,1.0590. Trade at the breakout of the falling wedge & the resistance trend line & confirming it with the RSI & the Bollinger band. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team
Long
by GrowingForex