Pattern: Falling Wedge
🔔 Trade Setup
Entry: Wait for price to retest the broken wedge resistance (now acting as support).
Enter long upon confirmation of support (bullish candlestick pattern or bounce).
Targets: 🎯 Target 1: Near previous horizontal resistance zone (marked as Target 1 on chart)
🎯 Target 2: Higher resistance area aligning with previous swing high (marked as Target 2)
Stop loss :
Below the Trendline ( Marked as Stop loss )
***This not a Buy/Sell Recommendation*** *** I am not a registered advisor***
*** Consult your Financial Advisor before making any Decisions***
- A possible trend reversal is indicated by the breakout that took place above the wedge resistance.
- A retest of the breakout zone is anticipated, providing a high-probability entry point, despite the current strong move.
🔔 Trade Setup
Entry: Wait for price to retest the broken wedge resistance (now acting as support).
Enter long upon confirmation of support (bullish candlestick pattern or bounce).
Targets: 🎯 Target 1: Near previous horizontal resistance zone (marked as Target 1 on chart)
🎯 Target 2: Higher resistance area aligning with previous swing high (marked as Target 2)
Stop loss :
Below the Trendline ( Marked as Stop loss )
***This not a Buy/Sell Recommendation*** *** I am not a registered advisor***
*** Consult your Financial Advisor before making any Decisions***
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.