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What is a descending broadening wedge?
The broadening descending wedge pattern, as shown in Fig. 1 above, is formed by 2 downward-sloping diverging lines that connect a series of lower highs and lower lows, with increasing price volatility towards the right side. The top downtrend line is the resistance line and the bottom downtrend line is the support line.
A broadening descending wedge formation is made up of 3 sections:
1. The narrowing phase
The resistance and sup...
The broadening descending wedge pattern, as shown in Fig. 1 above, is formed by 2 downward-sloping diverging lines that connect a series of lower highs and lower lows, with increasing price volatility towards the right side. The top downtrend line is the resistance line and the bottom downtrend line is the support line.
A broadening descending wedge formation is made up of 3 sections:
1. The narrowing phase
The resistance and sup...
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In a previous post I explained how traders should watch out for selling or long positions being covered near crucial long-term resistance zones. You can see these resistance levels above highlighted by the 200-day moving average and the downward trending bear market resistance level. The bear market resistance is the same dynamic resistance level of the expanding triangle or wedge pattern. Will the market breakout to the upside into a bull market? O...
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I'm having a hard time trying to figure out what to call these posts, I used to call them "the week ahead..." but I was going out way further than a week and i started updating during the week and calling them updates, now my posts have devolved into just my thoughts at the time. I was too busy to post much, but now I've got nothing but time and can't make any to make a decent post ![]()
. So here iam siting in the hot tub starting another post, let's see how this goes because there is so...
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$Cosmos Health (COSM.US)$ When ready…….havent done any charting, but just keep your eye on it.
below are a few examples of the dragon pattern. Variation, however… They can be unique, and do not need to look exactly like examples as long as the candles line up.
below are a few examples of the dragon pattern. Variation, however… They can be unique, and do not need to look exactly like examples as long as the candles line up.
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Based on your trading experiences, is profiting from this pattern possible? Will the market head north or south?
The Dragon pattern (D) is a simple pattern of technical analysis that refers to reversal price models and its occurrence predicts the future change in the market trend.
The D pattern consists of five elements, namely: a head, two feet, a hump between the feet and a tail. With that, one should be able to draw a trend line from the pattern’s h...
The Dragon pattern (D) is a simple pattern of technical analysis that refers to reversal price models and its occurrence predicts the future change in the market trend.
The D pattern consists of five elements, namely: a head, two feet, a hump between the feet and a tail. With that, one should be able to draw a trend line from the pattern’s h...
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🤔💭 The Moon 🌖 Cycle and The Stock Market 📈 is there a connection⁉️
It sure l👀Ks and feels like we're heading into the next Super Cycle 🐂 Bullrun, but just consider for a moment if maybe a few other factors could be at play here...
👀 NOPE, NO FINANCIAL ADVICE HERE 👀
🔔🥁 NO FUD, ONLY INFO, DYOR 🔔🥁
GOOD LUCK 🤞🍀 AND HAPPY TRADING 😊
The influence of planetary cycles on stocks has also been well documented, but is far from an exact science. Please use caution when using this theory.
On January 21st...
It sure l👀Ks and feels like we're heading into the next Super Cycle 🐂 Bullrun, but just consider for a moment if maybe a few other factors could be at play here...
👀 NOPE, NO FINANCIAL ADVICE HERE 👀
🔔🥁 NO FUD, ONLY INFO, DYOR 🔔🥁
GOOD LUCK 🤞🍀 AND HAPPY TRADING 😊
The influence of planetary cycles on stocks has also been well documented, but is far from an exact science. Please use caution when using this theory.
On January 21st...
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soon, it's just a matter of time.
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $Tesla (TSLA.US)$ $Apple (AAPL.US)$
Still ranging between the same levels. $S&P 500 Index (.SPX.US)$ gamma put support still at 3800. I’m expecting by today or tomorrow that we will begin the major crash leg once we hit 3900+ one more time and then get ready for a very ugly/scary weeks which by mid January it will totally unravel the market. Apple + leading stocks will demonstrate the most salient pattern as to what it ...
Still ranging between the same levels. $S&P 500 Index (.SPX.US)$ gamma put support still at 3800. I’m expecting by today or tomorrow that we will begin the major crash leg once we hit 3900+ one more time and then get ready for a very ugly/scary weeks which by mid January it will totally unravel the market. Apple + leading stocks will demonstrate the most salient pattern as to what it ...
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This week has an enormous amount of economic releases! We start off Monday with a leading indicator report that will further detail the news of the imminent recession. We follow that up with Thursday and Friday being absolutely loaded with economic report after report. There is the durable goods report for December 2022. The current forecast for the durable goods month-over-month measure is 2.6%, a miss to the downside could be further evidence of economic s...
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Violets : good post
bullrider_21 OP Violets : Thanks Violets.
THADA : Special thanks
bullrider_21 OP THADA : THANK YOU.
Saul White : learned a lot thx
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