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Descending Broadening Wedge

SPX in a Descending Broadening WedgeEquities are selling off as interest rates on long-term Treasury bonds continue to climb. The SPX has broken out of an ascending parallel channel and is now trading near the top of a descending broadening wedge. If this pattern holds, the SPY could fall below 365 before finding support. The MACD and Stochastic Oscillator confirm this bearish trend: - Weak bearish divergence on the MACD - Stochastic is near overbought condition and falling. Furthermore, the 1h 200 EMA has crossed above the 50 EMA.
AMEX:SPYShort
by otis_bagshots
8
Bullish Descending Broadening Wedge forming on BTC. 55K target!!Bitcoin had a moderate correction and has been consolidating but price action seems to be forming a bullish descending broadening wedge, with a price target of 55K. But first we must break out of the wedge with confirmation. Also recent bullish news from the corporate influx is on the bullish sentiment. If we break down from the wedge our price target would be between 40k-43k. Safe trade my friends and remember to never lose money and put in your stop losses and take profits with each trade. Happy trading to everyone :) No risk, No reward!!
BITSTAMP:BTCUSDLong
by santimbit
2
NZDCAD long trade idea (update!)Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
Dollar Index is perking up at historical congestion/support areaCurrently at an area where price congested and broke higher to start a 23-month bull run in 2018-19. LTF is showing a possible bottom with the formation of a higher high and a breakout from this descending wedge pattern. Likely to see some kind of trading range before any decisive bullish breakout/reversal but today's candle is pretty bullish and the bulls would be looking to close the day strong. Context is okay for reversal here so we shall see. A bearish break below 89 invalidates this view. Weekly chart:
TVC:DXY
by thedailychartist
1