Get started

Wedge

BANDUSDT Falling Wedge: Is a Bullish Breakout Imminent?Yello, Paradisers! Have you been tracking BANDUSDT? The market is presenting a prime opportunity that you can't afford to ignore. Let's break it down! 💎BANDUSDT has formed a falling wedge pattern, and the price is currently sitting in the support zone, increasing the probability of a bullish move. 💎If the price shows an I-CHoCH (Internal Change of Character) in the lower timeframes, indicating a shift towards a bullish market structure, the probability of a bullish move will increase. 💎The probability of a bullish move will be even higher if the price breaks out of the falling wedge and the resistance zone together. In this scenario, we can expect a move towards the next swing highs. 💎If there is a breakdown of the support zone and the price closes below it, our bullish scenario will be invalidated. In that case, it is better to wait for a more favorable price action to form. Stay sharp and strategic, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
VETUSDT Descending Channel: Potential Breakout or Breakdown?Yello, Paradisers! Have you been keeping an eye on VETUSDT? The market is at a critical juncture, and you don't want to miss out. Let's dive in! 💎VETUSDT has formed a descending channel and recently bounced from a bullish order block after taking liquidity, increasing the probability of a bullish move. 💎For a confirmed bullish move, we need a breakout of the descending channel and the resistance zone together. This will significantly increase the probability in our favor. 💎If a pullback occurs, we might see a potential double bottom forming from the bullish order block. However, we need an I-CHoCH (Internal Change of Character) in lower time frames to confirm a bullish market structure. 💎If there is a breakdown of the bullish order block and a candle closes below it, our bullish scenario will be invalidated. Remember, the market is a game of patience and strategy. Stay focused, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
ARBUSDT: Could This Be the Next Big Breakout? Yello, Paradisers! Are you ready to catch the next big move in ARBUSDT? Let's break it down! 💎ARBUSDT has formed a falling wedge pattern and has taken liquidity, which increases the probability of a bullish move. However, there are key confirmations we need to watch for: 💎For a bullish trend confirmation, we need a breakout from both the falling wedge and the resistance zone. This will significantly increase the likelihood of a sustained upward move. 💎We can expect a bullish move from the current level, but we need to see an Internal Change of Character (I-CHoCH) and an Internal Break of Structure (I-BOS) toward a bullish market structure. These indicators will improve our chances. 💎If we see a candle closing below the small support level, this would invalidate our entire idea. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. Stay focused, patient, and disciplined, Paradisers. The market is setting up for a potentially significant move, and we want to be ready! 💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Valor Estate Ltd.#### 1. **Price Chart Analysis (Upper Section)** - **Uptrend Channel**: The price is moving within a clearly defined upward channel, indicating a long-term uptrend. - **Support and Resistance**: - **Channel Support**: The price has touched the channel support multiple times, confirming its validity. - **Horizontal Resistance**: There is a horizontal resistance line which was recently broken, suggesting a bullish breakout. - **Chart Patterns**: - **Falling Wedge**: A falling wedge pattern is identified near the resistance breakout, which is typically a bullish pattern. The breakout from this pattern adds further confirmation to the uptrend. #### 2. **Volume Analysis (Below Price Chart)** - **Volume Spike**: There is a noticeable increase in volume coinciding with the breakout, indicating strong buying interest. - **Volume Profile**: The volume profile highlights significant trading activity at the current price levels, providing a strong support base. #### 3. **RSI Analysis (Lower Section)** - **RSI Trendlines with Breakouts**: The RSI is at 54.85, which is in the neutral zone. - **Historical Breakouts**: The chart shows several RSI breakout points. The recent RSI trendline shows a potential bullish divergence as it moves upwards, indicating increasing momentum. - **Volume Highlight**: Volume is also highlighted in the RSI section, showing correlation between volume spikes and price movement. ### Interpretation: - **Bullish Indicators**: - **Channel Uptrend**: The price consistently follows an upward channel. - **Resistance Breakout**: The breakout above the horizontal resistance and falling wedge pattern indicates a potential continuation of the bullish trend. - **Volume Support**: Strong volume during the breakout suggests institutional buying. - **RSI Neutral**: While the RSI is neutral, it is moving upward, indicating potential bullish momentum. ### Potential Actions: - **Long Position**: - **Entry Point**: Considering the breakout and uptrend channel, entering around the current price levels could be a good opportunity. - **Stop Loss**: Placing a stop loss slightly below the channel support or the recent breakout point to manage risk. - **Monitoring RSI**: Watch the RSI for any signs of reaching overbought levels or bearish divergence. ### Conclusion: The chart presents a strong bullish case with multiple confirming indicators such as the uptrend channel, breakout from resistance and falling wedge, and strong volume support. Careful monitoring and strategic entry points with appropriate risk management could capitalize on this bullish trend.
NSE:DBREALTYLong
by brijmohan_h
Are You Ready for CHRUSDT’s Potential Breakout?Yello, Paradisers! Have you noticed the patterns forming on CHRUSDT? Let's dive into the technicals to understand the next big move. 💎CHR has formed a descending channel and within it, an inverse head and shoulders pattern. This combination is increasing the probability of a bullish move. 💎For confirmation of a bullish move, CHR needs to break both the descending channel and the inverse head and shoulders pattern simultaneously. This dual breakout would signal a strong bullish trend. 💎If there is a pullback, we can expect a bounce from the support zone. However, we need an internal change of character (I-CHoCH) here for confirmation. 💎If the support zone breaks down, it will invalidate our entire bullish idea. In this case, it's better to wait for more favorable price action to form before making any moves. Trade Smart, Paradisers! Be disciplined with your strategy, and remember: Consistency is the key to long-term success in the crypto market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Massive Opportunity Ahead for XECUSDT! Don't Miss Out!Yello Paradisers! Are you ready to seize a potential bullish move in XECUSDT? 📈 The market is showing signs of a major breakout, and you won't want to miss this. Let's dive into the details: 💎XECUSDT has formed a falling wedge pattern and taken liquidity, increasing the probability of a bullish move after confirmation. 💎We need a breakout of the falling wedge and resistance zone to confirm the bullish move. 💎While a small pullback entry is possible, it's riskier. I suggest waiting for the breakout confirmation for a safer entry. 💎A breakdown of the support level will invalidate our bullish outlook. Stay sharp, and let's make the most of this potential opportunity! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Globus Spirits Wave Counting and Next Targets 1700 and 2350!Here is why we are super bullish on Globus Spirits: 1. This stock has corrected deeply from the top (61.8% Fib). 2. Falling wedge pattern (proper buying angle). 3. Hidden bullish divergence. 4. Wave analysis: The stock has completed Waves A and B, and is now ready for Wave C. 5. Ichimoku turning positive. We see great risk-to-reward in this stock. It has the potential to hit our targets and could rally even further. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:GLOBUSSPRLong
by WaveMoku
ROTO - RISING WEDGE BREAKOUT (POTENTIAL FOR UPSIDE)Hi All, This is about Roto Pumps Fundamentals: Market Cap - 1680 Cr Stock PE - 42.9 EPS - 12.5 ROCE - 24.4% ROE - 22% Promoter Holding - 67.3% Quick Ratio - 1.35 D/E - 0.27 Technicals: Strong chart since Nov 22. Price action was moving in the pattern of rising wedge but recently given a strong breakout on good volumes which can take the price to higher levels very soon Demand seems to be exceeding supply & should witness less profit booking taking the stock price sharply towards north side Hope you enjoy this idea, Happy Trading, Thanks, Stock-n-Shine
NSE:ROTOLong
by Stock-n-Shine
Bharat ForgePrice has formed a falling wedge pattern, which is bullish and also consolidating within the range of 1670 - 1690. Buy above 1685 with the stop loss of 1675 for the targets 1695, 1705, 1719 and 1740. Sell below 1664 with the stop loss of 1674 for the targets 1654, 1640, 1626 and 1612. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:BHARATFORG
by vanathi
TESLA long term bearishness startedTesla seems loosing strength with rising wedge bearish pattern broken with volume. This is long term review as chart is 1W TF. So result may be for long terms like 4week to 12weeks or further. So please don’t over judge it but any positive news there, it will be opportunity of sell on rise only. As this is very strong pattern and wont fail in most of the scenarios especially when we see it in longer timeframes. It can also fill the gap till 208 too then big players will start the bear run too. *Target8 & 9 are bit bold but you never know as wedge pattern targets are always bigger. Ideally last bullish target - 208 after that it can attract the further fall. But this is just assumption, please don’t go wild. without any financial advice. I am not a financial adviser. Sorry in advance if i attract any trouble, i am not responsible if things go right or wrong. This is my general view as per chart patterns. Target1 177 Target2 166 Target3 153 Target4 144 Target5 129 Target6 117 Target7 103 Target8 85 Target9 68
NASDAQ:TSLAShort
by ashishhc
7
JTEKTINDIA - RARE CHART WITH 6 CONTRACTIONS & BREAKOUTHi All, This idea is about JTEKT India Ltd Fundamentals Market Cap - 5661 Cr Stock PE - 55 ROE - 13.6% ROCE - 17.3% Promoter Holding - 75% MktCap/Sales - 2.5 Quick Ratio - 1.12 D/E - 0.14 Technicals Rarely it is observed that a stock goes through 6 contractions before going for a breakout from a rising wedge channel. This is a weekly chart & only meant for long term investors. Each contraction is marked by how much percentage the stock corrected before making a top again. Over 5 years the stock has made multiple High tops and high lows and now attempting to move out of the channel This chart can be used for education purpose also to understand the dynamics of supply and demand Happy Trading, Thanks, Stock-n-Shine
NSE:JTEKTINDIALong
by Stock-n-Shine
1