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Falling Wedge

Uptrend & Downtrend Bullish Falling Wedge Pattern TutorialA bullish falling wedge is a charting pattern that signals a potential reversal from a downtrend to an uptrend. Here's a breakdown of its key characteristics: Shape: The pattern forms a wedge that slopes downward, with the upper trendline connecting the highs and the lower trendline connecting the lows. The key is that the highs and lows get closer together as the pattern develops. Trend: It typically forms during a downtrend, indicating that selling pressure is decreasing. Breakout: The pattern is bullish when the price breaks above the upper trendline. This breakout suggests that the downward trend is losing momentum, and an upward trend may follow. Volume: During the falling wedge formation, volume tends to decrease, which supports the idea that selling pressure is diminishing. Retest: After the breakout, it's common for the price to retest the upper trendline, and if it holds, it provides further confirmation of the bullish reversal. Example Imagine a stock that has been falling for several months. The price forms lower highs and lower lows, creating a narrowing wedge. Suddenly, the price breaks above the upper trendline with increased volume, signaling a potential reversal and the start of an upward trend.
NASDAQ:NVTSEducation
by RonnieV29
4
Is C3.AI the next AI Giant to Soar? 123% Potential Upside!🚀 Is C3.AI the Next AI Giant to Soar?🚀 123% Potential Upside! 📈 In this video, we dive into NYSE:AI , a powerhouse in the AI sector, currently retesting a Falling Wedge Breakout! 💡 Key Highlights: -H5 Indicator: Flashing green for a bullish signal -Volume Insights: Massive volume shelf with a significant gap to fill -Technical Analysis: Consolidation box formed on WR% Targets: 🎯$39 🎯$49 📏$58 Don't miss out on the potential explosive growth of $AI! Tune in to see why this stock could be a game-changer! NFA
NYSE:AILong
by RonnieV29
29
GME's Swing to $290? Falling Wedge Breakout Alert! 📊✨ GameStop's Falling Wedge Formation: A Swing Trade Analysis Introduction: In the ever-volatile realm of the stock market, GameStop (Ticker: GME) has caught the eye of traders once again with its intriguing chart pattern formation. A closer look reveals a falling wedge setup, a classic bullish pattern that suggests a potential reversal from the downtrend. Analysis: The falling wedge pattern in GME's chart is characterized by converging trend lines that have been forming over the past months. This pattern typically indicates that the selling pressure is starting to wane, and a bullish reversal might be on the horizon. As we dissect the chart, the immediate target for this swing trade appears to be the top of the wedge. This level, acting as a significant resistance in the past, could be the first milestone GME might hit as it attempts to reverse its downtrend. Long-Term Swing Target: Looking beyond the immediate resistance, the longer-term target for GME could be in the vicinity of the ~$290 region. This ambitious target is derived from the height of the wedge projected upwards from the breakout point, a common practice among traders to determine potential swing targets in wedge patterns. Strategic Considerations: For traders considering this setup, it's crucial to wait for a confirmed breakout above the wedge pattern. Volume should accompany this breakout to validate the move, providing a stronger conviction for the long position. Risk Management: As with any trade, risk management is paramount. Setting a stop-loss below the lower trend line of the wedge or at a recent swing low inside the wedge can help mitigate potential losses should the pattern fail to materialize as expected. Conclusion: The falling wedge formation on GameStop's chart presents an intriguing opportunity for swing traders. With a careful approach, focusing on confirmation and risk management, this setup could offer a favorable risk-reward ratio, aiming first for the top of the wedge and then potentially for the longer-term target in the ~$290 region. Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
NYSE:GMELong
by STP_MrNodeItAll
3
XAUUSD | GOLDSPOT | New perspective | follow-up detailsTo ensure economic stability, the Federal Reserve has opted to temporarily halt further interest rate hikes, exemplifying their dedication to mitigating potential adverse repercussions. The aftermath of the Federal Reserve's announcement sent ripples of volatility through the gold market. Before this revelation, gold had been on an upward trajectory, firmly establishing a bullish sentiment. However, the rate decision led to a sharp reversal in gold prices, sending them tumbling back to their previous week's starting point. This market shift underscores the prevailing uncertainty as trading activities hover at a pivotal juncture, with the $1,925 zone at the forefront. The potential for a rebound in XAUUSD prices looms large, attributed to the reversal in US bond yields. The US 10-year benchmark note coupon recently retreated from a 16-year high of 4.51% to 4.44%, consequently causing US real yields to dip by five basis points from 2.11% to 2.06%. The question arises: could the current Gold price be undervalued in light of these developments?" XAUUSD Technical Analysis: In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics and uncovered potential trading opportunities. The $1,925 zone will remain our center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then the breakout of the uptrend continuation pattern - falling wedge identified on the daily timeframe could incite a strong uptrend continuation. However, if the price breaks below the demand zone at $1,900 then some selling opportunities could take center stage to trigger a USD-favored sell-off. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
1
XAUUSD | GOLDSPOT | New perspective | follow-up detailsWelcome back to another exciting episode of our weekly XAUUSD technical analysis! 📈 In the ever-evolving world of forex trading, gold seems to be holding its ground around the crucial $1,900 mark. 🔒 The recent surge in the U.S. Consumer Price Index (CPI) has sparked inflation concerns, making investors wonder about the Fed's next move. 📊 This week, we'll explore how gold managed to stand strong despite the CPI surprises and the European Central Bank's (ECB) bold rate hike decision. 🌍💰 The upcoming Federal Reserve meeting on September 20th is generating curiosity about Chairman Jerome Powell's remarks and the future path of interest rates. 🏦🤔 XAUUSD Technical Analysis: In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics and uncover potential trading opportunities. The $1,925 zone will take center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then the breakout of the uptrend continuation pattern - falling wedge identified on the daily timeframe could incite a strong uptrend continuation. However, if the price breaks below the demazone at the $1,900 then some selling opportunities could take center stage to trigger a USD-favored sell-off. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
4
📉🌊 Potential Falling Wedge Pattern Formation on $WAVES ChartBINANCE:WAVESUSDT $FallingWedge $PatternFormation $TradingView Greetings, fellow traders! 👋 I'd like to share an intriguing chart pattern I've identified on the BINANCE:WAVESUSDT chart. It appears that a potential falling wedge pattern is forming, suggesting a possible bullish reversal in the near future. Let's delve into the details! 1️⃣ Falling Wedge Formation: The BINANCE:WAVESUSDT chart displays a sequence of lower highs and lower lows, converging within two trend lines. This pattern closely resembles a falling wedge, characterized by a contracting range. Falling wedges often signify a bullish reversal. 2️⃣ Volume Analysis: Volume analysis is crucial for pattern confirmation. Ideally, we would expect to see diminishing volume as the wedge develops, followed by a surge in volume upon breakout. This could indicate increased buying interest that may potentially propel the price higher. 3️⃣ Resistance and Support Levels: It is essential to monitor the upper resistance trend line and lower support trend line. A breakout above the resistance line, accompanied by notable volume, might suggest a bullish breakout. Conversely, a breakdown below the support line could invalidate the pattern. 4️⃣ Price Target and Stop Loss: Should the falling wedge pattern confirm, a common technique to estimate the potential target is to measure the widest part of the wedge and project it from the breakout point. Regarding stop loss placement, it is often advisable to position it below the support line to mitigate potential losses. Nevertheless, it is important to remember that technical patterns should be used in conjunction with other forms of analysis, such as fundamental research and market sentiment, to make well-informed trading decisions. To summarize, the BINANCE:WAVESUSDT chart is currently exhibiting a potential falling wedge pattern, indicating a possible bullish reversal on the horizon. Nonetheless, confirmation through a breakout above the upper resistance trend line and a surge in volume is essential. Traders are advised to exercise caution and implement appropriate risk management strategies. What are your thoughts on this pattern? Share your insights below! Remember to conduct your own analysis and consult with financial professionals before making any investment decisions. #WAVES #FallingWedge #PatternFormation #BullishReversal #TradingAnalysis #TechnicalAnalysis #Cryptocurrency #TradingView
CRYPTO:WAVESUSDLong
by STP_MrNodeItAll
USDCAD I Bullish CAD News but in the rangeWelcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
3
BTC 0 or hero? 📈 Chart Analysis: falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long, however we did get an engulfing candle on the reaction from the 150ema so i have gone long already trying to front run patterns is not the best thing to do so be cautious if you are to do the same! We got the retest of the Head and Shoulders resistance in prep for the latest sec vs binance news which took us to out first target 150EMA: top tip play any SHORTS super carefully here as the reaction from the 150 was extremely bullish but know we could still see out lower avwap target currently at the 18k area 😉 additional info! Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders OBV still in a stage 1 and looking weak! 🔔 Risk Management: Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor. ⚠️ Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
BITSTAMP:BTCUSD
by mammamia2
Bitcoin -> Look At The Daily PatternHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Bitcoin recently perfectly retested and already rejected a quite nice previous weekly support zone which was now turned resistance at the $30.000 level. You can also see that there is a next weekly support zone coming in at the $25.000 area, so I am now just waiting for Bitcoin to retest this next demand level before I then do expect another weekly rally towards the upside. On the daily timeframe you can see that over the past couple of days Bitcoin has been forming a very obvious falling wedge formation which is normally a bullish (continuation) pattern, so I am now just waiting for a breakout above resistance trendline and then I do expect another daily push to retest the $30.000 area. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:BTCUSDLong
by basictradingtv
39
Black swan event or pump? $BTC update!📈 Chart Analysis: Potential falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long Are we retesting the Head and Shoulders resistance in prep for a "Black Swan" event that will take us to our low target?: top tip for an early SHORT position you could take the short now and place a stop above the highest high of this retest OR on the falling wedge break out area ;) additional info! Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders OBV still in a stage 1 and looking weak! 🔔 Risk Management: Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor. ⚠️ Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
BITSTAMP:BTCUSD
by mammamia2
USDCHF I Approaching Demand Buy Zone!Welcome back! Here's an analysis of this pair! **USDCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
5
Bull trap on BTC!!!In this video i am explaining where i think we are going to go from here and also i'm looking at the 4 hourly, daily, weekly and monthly chart. This is my first video and i hope you'll like it. Also i'm sorry for my speaking mistakes, I'm trying to improve my english. What do you think about my first video and analysis ? Feel free to leave a comment. If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. DON'T SELL YOUR CRYPTO BTC TO THE MOON!!!
Short
by Mladen94
7
BTCUSDT Falling wedge and demand zone The price got a rejection from the 0.382 Fibonacci level on the monthly timeframe. On the weekly timeframe, we can find the higher low. As you can see in the video the price created a demand zone around 33k, and the price could retest this area if the price is going to have a new bearish impulse. On the 4h timeframe, the price is going to create a falling wedge. How to approach? IF the price is going to have a breakout from the falling wedge and SATISFY our rules, we could open a new long position, otherwise, if the price is going to have a bearish impulse we could see a retest of the demand zone on 33k area. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
20
ETHUSDT needs to have a breakout from it!On the monthly timeframe, the price got a rejection from the 0.5 Fibonacci level and on the weekly timeframe, the price created a higher low. the price is creating a falling wedge on the 4h timeframe and now the price is testing the daily dynamic support. how to approach? IF the price is going to have a breakout from the falling wedge and retest the 4h resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
FLOKIUSDT is creating a falling wedge 🦐FLOKIUSDT is creating a falling wedge on the daily support. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
11
#WISH close to a bullish reversal? Here it is why... is why...Hi All, my main 3 take-outs from this analysis are the following: 1- Price is still moving inside the red falling wedge, finding static support in the lower red trendline 2- Strong divergence between MACD and prices, suggesting that the strenght of the sellers might have come to an end 3- In the next intraday sessions, it might be possible to see a further run up towards the 3.95-4$ Not a financial advice, just personal opinion. Do your own due diligence and good luck!
WLong
by FrancescoMerlettini
2