Rising Wedge
Rising Wedge1) Short below 360 on break of trend line and 50 EMA with confirmation, can move towards 320
2) Bullish above 415 for targets of 460 and 500
Hindalco AnalysisA rising Wedge patter is form and the price are resisting at 129/131 level. if the price breaks upward, BUY.
Trade only with confirmation.
NIFTY might fall in the coming days.Considering 3 patterns Rising Wedge, Bollinger Band and MACD it looks the NIFTY and the whole Indian Market might collapse.
Rising Wedge - The chart clearly shows a rising wedge a break from that too. So knowing rising wedge, it looks like the market might fall in the coming days.
MACD - The signal and the MACD line seem too stuck to each and considering the already falling pattern, the line might cross over for a fall.
Bollinger Band - The mean line seems to have lost the grip of the candles. If it does happen get a grip it still seems like a falling pattern.
It would interesting to see what happens on 18/05/2020.
M&M : good shorting opportunityM&M is looking good for shorting, just needs to break below that trendline inside the channel.
On daily time frame, rising wedge is clearly visible after significant fall.
NIFTY 50 Is Forming Rising Wedge in Daily TFNIFTY 50 Is Forming Rising Wedge in daily TF, if broke the TD(Break Down) it will good for short
BAJAJ AUTO Sell below 2405 (Rising Wedge)BAJAJ AUTO - according to my previous idea mentioned below, BD happen today, forming another rising wedge good to short below 2405.
Moving within a chennel A rising wedge is a chart that suggesting a reversal pattern frequently seen in bear markets.
Be vigilant, Rising wedge pattern in BTC/USDT.I see a Rising wedge pattern in BTC/USDT. There is a lot of Resistance between 7200 and 7400.
A Short pump and Dump is expected. Be vigilant and don't give in to Greed.
Nifty is in a Rising Wedge pattern.Nifty will breakdown if it closes below the 20EMA in 5 mins Chart.
Nifty is in a Rising Wedge Pattern.
Target is 11335.
Rising Wedge - Just DialAt present raising wedge pattern formed.... Targets and stop loss are mentioned in the chart.
t.me
BUTTERFLY ready to fly or dieBreakout with huge volume on weekly timeframe, also cleared 50 weekly EMA.
BUT it's a RISING WEDGE in downtrend, need to be cautious.
Breakout on either side will give the clear setup.
GBPINR rising wedge breakdown confirmed, selling to followThe pair was moving in a steep rising wedge pattern from the past 1.5 months. GBPINR, in the previous session, gave a daily close below the lower trend line of the wedge pattern, confirming a breakdown. In doing so, the pair also breached crucial support of 21 days EMA (88.1609). Now, it is susceptible to heavy selling that can take the price to 86.5692. The stop loss for the trade will be slightly above yesterday’s high at 88.9253.
