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Rising Wedge

Rising Wedge - "Learn More Earn More" with usWhat makes the chart interesting today is that: . BTCUSD challenging the Wedge's UpTrend. . A break bellow Wedge's UpTrend could push the pair to its $10,400 ~ $10,500 previous support areas. . A rejection at the Wedge's UpTrend, however, could lead to another retest of the Wedge's top. Will the BTC see an downside breakout against the USD? No one knows it! We have to wait and see! Learn More, Earn More, With ForecastCity!
BITSTAMP:BTCUSDEducation
by ForecastCity_ME
4
Is NIFTY heading for Reversal?NIFTY has been trading near the resistance zone(78.6 Fibonacci level) from the past week and it has closed near the lower trend line of the rising wedge pattern. There is a Negative divergence on RSI as well. If it headed for the reversal, it's likely to find support at 61.8 Fibonacci level i.e, at 10550 (or) at 50 Fibonacci level, which is around 10000. Cheers. This is as per my analysis and it is for educational purpose only. Please do your own analysis before doing any trade/investment. Feel free to comment on the post, about your view.
NSE:NIFTYShort
by jayaprakash99
RISING WEDGE BREAKDOWN - BEARISH SETUPStock has given a clear breakdown from a classical rising wedge pattern. Accumulation of sellers in the last three sessions can be clearly seen in the volumes. RSI<60 suggests that buyers' have now lost momentum and sellers could be dominant for few coming sessions. It may retest the above the trendline and then continue the downfall. So wait for the right price action before you enter into a trade. Discliamer: Take this view for educational purpose. Trade on your own risk. Happy trading. Happy investing!
NSE:ICICIPRULIShort
by rahuljaiswal1580
XAUUSD Weekly analysis, Jul 6-10Hi traders, Wish you for more profit in the coming week, Last week the Gold against dollar pair price went up and came down as predicted.. it touches the yearly high of 1790 and retraced 1758 - 1760 area twice in a week, I stick with the my Rising wedge analysis given last week, it can be a long term signal too .. may gold go down to 1700 area.. This week this pair expected to break the wedge and expected to touch 1747 and go upto retrace 1760 area if it is going the other way up,, it has to break strong resistance ..but i hope there is lesser chance to happen. Thank you all. Note - Weekly prediction done as per price action analysis, price movement subjected to fundamentals changes also
FX:XAUUSDShort
by Akfx369