Chart is self explanatory, This chart has good Risk Reward Ratio (RR Ratio). Entry shall be taken if sustains above previous high on 15min time frame (risk takers) for safe entry above trendline breakout
Two 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...
price is retesting the trendline after breakout
falling wedge is formed now
Important news - (ppi cpi uk and us permits)
Price is in HIGH TIMEFRAME DEMAND ZONE
and on weekly bouncing from 200 EMA
Target no.1 should be 1.35
target no.2 =(1.36)(200 EMA 4H)
Trade is against Current Trend
Please take trades based upon your own analysis!!
This is just an idea i have...
Jindal steel gave a decent breakout from its resistance line and retest is also kind of completed. There is a good chance that stock with touch its previous swing highs.
Some people will call it a falling wedge or falling channel or falling flag etc. But main concept here is that its a breakout of resistance trend line. Keep it simple and powerful.
This analysis...
JUST A VIEW
Falling Wedge
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, price...
On Daily Time Frame, JINDALSTEL showing falling wedge pattern breakout. After this breakout expected this stock will give upside move upto 500+ projected target in short term period. Also, MACD bullish crossover in oversold zone indicating trend reversal of this stock. Can go long in this position with downside stop loss below 370 for target of 445 and 500+.
If you observe chart you can see a falling wedge pattern in ITC after an Uptrend.
Generally in such situation there is a major chance for trend continuation after Falling wedge pattern successful breakout.
Here I have marked A and B points that are nothing but the two points on the trend lines.Upper trend line is Resistance and Lower trend line is Support.
So If...
In this post we will see how to initiate a trade in a dilemmatic sitiuation,i.e.,a small green doji type candle coming out of the falling wedge pattern,which leads to the confusion whether to take a trade or not.We would be in dilemma whether it is a breakout or a fakeout? Whether to initiate a trade now or to wait ? In such a situation taking help of a indicator...
In today's session, M_MFIN give breakout of falling wedge pattern on daily time frame. After this breakout expected upside rally in this stock. Upside it will give 173 to 190+ target in short term.
Possible Trade:
Buy M_MFIN @150-155
Stop loss- 140
Target 173/190+
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👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows...
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🔥 Strategy :
✣ Simple: On the D chart supply is now your demand zone
✣ Bullish pattern consolidation at the same levels with a good Risk to reward ratio is generated here too
✣ Where to trade, which TF to use, and how much to risk is told inside the video do see...
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$$lOGIC:
✣ Weekly basis " 30% fib retracement + 50dema support on Week charts
✣ Daily charts breakout of Wedge pattern and sustaining above the breakaway gap, consolidating beautifully...
When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.
What is a falling wedge pattern? The falling wedge pattern is a continuation pattern formed when price bounces between two...
Technical analysis:
Hello everyone, welcome to this quick update:-
As said closing is still pending in the tagged post. #Bitcoin dumped hard below its daily support and reached around $28,800. A couple of hours later, quickly moved up above its daily support. A huge amount of stop loss was triggered. Currently, #Bitcoin is trading around $34,000, approaching...
![M_MFIN: [Short Term]Falling Wedge Pattern in M_MFIN](https://s3.tradingview.com/h/hKbEmGAF_mid.png "[Short Term]Falling Wedge Pattern in M_MFIN")
