We can see a clear rising wedge formation on AUDJPY and there is a very high possibility of breakout of support, if it does then there is a chance of going on SHORT on this trade and get a minimum of 500pips in your pocket
This stock is moving in rising wedge pattern , and it almost near to the bottom trend line , it is best time to buy and hold your position for 1 weak to get your target .pls hit the like button if my setup is helpful for you.
BANK NIFTY VIEW LOOKS LIKE PERFECT WEDGE AS PER MY CHART.SO WE CAN OBSERVE BANK NIFTY AS PER CHART IT CAN BE WEDGE BREAK OUT IN FUTURE OR IT CAN BOUNCE BACK FROM BOTTOM OF WEDGE.WE CAN OBSERVE CANDLESTICK CONFIRMATION AT THE BREAKOUT OR REVERSAL AREA THEN WE CAN FIND TREND EASILY.
WITH STOCHASTIC IT IS GIVING BOTH BULLISH AND BEARISH DIVERGENCE MARKED WITH REDLINES :) WELL I HAVE DRAWN 2 TRENDLINES IF UPPER ONE BREAKS AND CLOSES ABOVE IT IN 15 MINUTE CANDLE TARGETS ARE GIVEN FOR LONG AND IF LOWER LINE BREAKS TARGETS ARE GIVEN FOR SHORT AS WELL
NOTE: FOR EDUCATION ONLY
Hero MotoCorp has been in down trend for the last couple of years. It has been consolidating at a strong support zone forming a wedge over the last 4 months.
The wedge is now broken. It is certainly worth confirming the breakout is sustainable and then join the LONG ride!
Falling wedge breakout.
Rsi Indicator is at strong zone.
Buy at Current levels.
Target 707 first. If it crosses, 800 is a good possibility.
Keep trailing stop loss now of 660 then the future targets.
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Key Resistance Zone - 10980 -11000
Key Support Zone - 10825-10850
Second Layer Resistance Zone - 11080-11100
Second Layer Support Zone - ...
As you can see with the help of falling wedge pattern,
we Have Use 1 Week Time frame , where we can see a Perfect falling wedge pattern,
if BTC follow this Pattern we can see some Bullish move in Upcomming 2 to 3 Months
But if BTC Break this Pattern in Downword Direction then we can see Major Dump in BTC.
Note: This is only for Educational...