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Rising Wedge

CL: On its way to 94.Oil is right now stuck in a rising wedge. This wedge extends to its vertex at point 94.52 at around its rough date of December 12th. This where vertex converge on schematic drawing. I always to confirm my drawings which be subjective in nature with quantitative analyzing. For most wedge pattern this subjective can be confirm with more objective by using area of mathematics called Connectivity Prediction. There is online article in regarding to his model "Delphi: Geometry-based Connectivity Prediction in Triangle Mesh Compression". I have adapted a few paramaters at this model to make it be more appliable to market analasis. You can seen the wedge trend generally is follow rules of a wedge. at wedge support RSI is under 50 to oversold and at wedge resistance RSI is more then 50 to overbought. This is also confirm on other indicators. You can see on chart I buy at 76 and I have added at to my position when price gos down to support. I did exit premature at one point and missed out some profit, but I quickly re-enter. Let's see how or if this works out for us. thank you for reading and following your Miss Bunny. Please spread kindness and love. It feels good and makes our world better. Miss Bunny
NYMEX:CL1!Long
by UnknownUnicorn11430563
7
Not Much to Say About AMCOkay so I waited a week for the price action. $34.50s (I call $33 but I was wrong but I was okay with $34 because $36 bounce was unlikely to me) was the bottom and we explode to $44.21 before selling off. Expect a bull pennant this week into next week. If we breakout this bull pennant. Expect $48 the resistant again and creating a rising wedge to the $50s again. I will talk about more later when we reach the $47s+. So this is my rough sketch play out this month. We might go much higher sooner though. Nobody knows. Expect some update later.
NYSE:AMC
by gojira91
0x ZRXUSDT - Elliott Wave + Rising wedge- 0x - ZRX - Rank #101 - Token - ZRX is very bullish on the weekly macro scale. - We have a rising wedge, that greatly holds support. - Bullish volume is higher and RSI is prepared for a pump! - Profit target 1:1 fib extension or top of the wedge - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
9
#AXS Axie Infinity 1D - Brewing ActionAXS on a daily chart. A few things to note: 1) Rising wedge pattern in play. 2) Bearish divergence on 1D chart 3) Bollinger Bands tightening but similar structure forming since last tightening as circled in the chart. Something interesting is surely brewing here. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
FTX:AXSUSD
by MillionaireEconomics
EURUSDEURUSD right now is at really crutual level. Blue line is previous support level on 1D TF But as you can see price right now has reached top of a daily falling wedge and top of 4h rising wedge which is also at fib level 0,786 Plus this 4h falling wedge is a corective wave (ABC). I see a possible way down from here to test bottom of daily wedge, but EURUSD looks really bullish now, so it can break the top. Only way to know how this one turns out is waiting, as usual. I have a open sell on it, but to be honest it can go both ways from here, so if you are shorting EURUSD, keep your SL close. Good luck!
by EdgarsFX
USDJPY BEARISH BREAKOUT CONTINUATIONLast week USDJPY price reached a key weekly resistance cluster. Bears started to push and today they managed to violate a rising parallel channel to the downside. Such a bearish breakout may trigger a strong bearish continuation up to 112.10 Support zone. USDJPY was trading in a rising wedge as well,but the pair hit a strong horizontal resistance And after trading below the level the price broke out of the wedge to the downside After a retest of the broken level and the supply area above we can see a strong bearish move down! Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial