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...
National Alumina is following falling wedge pattern. Wait for breakout to get 15% short term target. Levels marked in chart.
Currently in resistance Zone. Watch for marked levels.
My personal view for educational purpose.
If you like/agree the idea, thumbs up for motivate.
Thanks.
Tata Motors has formed a Falling Wedge pattern after a long rally.
if support is tested with good volumes then we can long with minimum 3:1 RR.
investment at your risk.
A falling wedge pattern is being formed with stochasticrsi divergence and macd crossover, volume is above average, a break above 83650 will be a good buy signal and if it breaks above 90300 it can be held for a further target of 96700.
The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. Buy for 857 with stop loss close blow 600. A major...
One can consider to buy this for long term MAX. (1.5 yrs). It is not easy to take out long term targets but one can easily make all time high as their target.
For positional basis initate buy after breakout for a target of 149 - 162 with a SL of 103.
