The Bigger the Wedge Then the Bigger the Breakout.
Wedge Pattern Candlestick Formation
With a wedge formation this big you should expect a big price move once the market picks which direction the market wants to go. And this should happen very soon as the price is coiled up about as tight as it can be at the tip of the wedge. A breakout is imminent.
$Invesco QQQ Trust (QQQ.US)$ $iShares Russell 2000 ETF (IWM.US)$ $VIX Index Futures(NOV4) (VXmain.US)$ $SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Gold Futures(DEC4) (GCmain.US)$ $E-mini Dow Futures(DEC4) (YMmain.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ $E-mini S&P MidCap 400 Futures(DEC4) (EMDmain.US)$ $E-mini Russell 2000 Index Futures(DEC4) (RTYmain.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $VIX Index Futures(NOV4) (VXmain.US)$
$USD (USDindex.FX)$ $Powershares Exchange Traded Fd Tst Db Us Dollar Index Bullish Fund Etf (UUP.US)$ $SPDR Gold ETF (GLD.US)$ $iShares Silver Trust (SLV.US)$ $Ishares Iboxx $ High Yield Corporate Bond Etf (HYG.US)$ $Ishares Iboxx $ Investment Grade Corporate Bond Etf (LQD.US)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $Crude Oil Futures(DEC4) (CLmain.US)$ $VanEck Gold Miners Equity ETF (GDX.US)$ $VanEck Junior Gold Miners ETF (GDXJ.US)$
$Communication Services Select Sector Index (.SIXC.US)$ $Technology Select Sector Index (.SIXT.US)$ $Energy Select Sector Index (.SIXE.US)$ $Consumer Discretionary Select Sector Index (.SIXY.US)$ $Materials Select Sector Index (.SIXB.US)$ $Health Select Sector Index (.SIXV.US)$ $Real Estate Select Sector Index (.SIXRE.US)$ $Financial Select Sector Index (.SIXM.US)$ $Consumer Staples Select Sector Index (.SIXR.US)$ $Utilities Select Sector Index (.SIXU.US)$ $Industrials Select Sector Index (.SIXI.US)$
$Direxion Daily CSI China Internet Index Bull 2x Shares ETF (CWEB.US)$ $China Alphadex First Trust (FCA.US)$ $Wisdomtree China Ex-State-Owned Enterprises Fund (CXSE.US)$ $S&P Asia 50 Index Ishares (AIA.US)$ $KRANESHARES SSE STAR MARKET 50 INDEX ETF (KSTR.US)$ $RAYLIANT QUANTAMENTAL CHINA EQUITY ETF (RAYC.US)$ $iShares China Large-Cap ETF (FXI.US)$ $Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR.US)$ $Franklin Templeton Etf Tr Ftse China Etf (FLCH.US)$ $db X-trackers Harvest CSI 500 China A-Shares Small Cap Fund (ASHS.US)$ $iShares MSCI China ETF (MCHI.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $KRANESHARES CICC CHINA 5G AND SEMICONDUCTOR INDEX ETF (KFVG.US)$ $Global X Funds Global X Msci China Consumer Staples Etf (CHIS.US)$ $Global X FinTech Thematic ETF (FINX.US)$ $Global X MSCI China Industrials ETF (CHII.US)$ $Global X MSCI China Energy ETF (CHIE.US)$
$TENCENT (00700.HK)$ $SSE Composite Index (000001.SH)$ $CSI 300 Index (000300.SH)$ $CSI 300 Index (000300.SH)$ $FTSE Singapore Straits Time Index (.STI.SG)$ $NIO-SW (09866.HK)$ $NIO Inc. USD OV (NIO.SG)$ $NIO Inc (NIO.US)$ $BILIBILI-W (09626.HK)$ $Bilibili (BILI.US)$ $Baidu (BIDU.US)$ $BIDU-SW (09888.HK)$ $XPeng (XPEV.US)$ $Li Auto (LI.US)$ $BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $S&P/ASX 200 (.XJO.AU)$ $FTSE Singapore Straits Time Index (.STI.SG)$
$Chevron (CVX.US)$ $Phillips 66 (PSX.US)$ $Valero Energy (VLO.US)$ $Devon Energy (DVN.US)$ $Occidental Petroleum (OXY.US)$ $W&T Offshore (WTI.US)$ $United States Oil Fund LP (USO.US)$ $United Sts Brent Oil Fd Lp Unit (BNO.US)$ $Imperial Petroleum (IMPP.US)$ $Houston American Energy (HUSA.US)$ $Indonesia Energy (INDO.US)$ $BP PLC (BP.US)$ $Exxon Mobil (XOM.US)$
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $ETC (ETC.CC)$ $Yearn.finance (YFI.CC)$ $Terra (LUNA.CC)$ $Litecoin (LTC.CC)$ $Stellar (XLM.CC)$ $Cardano (ADA.CC)$ $Bitcoin SV (BSV.CC)$ $Bitcoin Cash (BCH.CC)$ $Compound (COMP.CC)$ $Polygon (MATIC.CC)$ $Dogecoin (DOGE.CC)$ $Metaverse ETP (ETP.CC)$ $Verge (XVG.CC)$ $Orchid (OXT.CC)$ $OMG Network (OMG.CC)$ $0x (ZRX.CC)$ $Qtum (QTUM.CC)$ $NEO (NEO.CC)$ $Dash (DASH.CC)$ $Theta Token (THETA.CC)$ $Tezos (XTZ.CC)$ $ZEC (ZEC.CC)$ $Maker (MKR.CC)$ $Decentraland (MANA.CC)$ $Cosmos (ATOM.CC)$ $ChainLink (LINK.CC)$ $Monero (XMR.CC)$ $TRON (TRX.CC)$ $Polkadot (DOT.CC)$ $XRP (XRP.CC)$ $Binance Coin (BNB.CC)$ $Bitcoin Gold (BTG.CC)$ $Uniswap (UNI.CC)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Trade the trends via technical, fundamental, and macro analysis. Day Trades, swing trades, and long-term investments.
19KFollowers
2984Following
33KVisitors
Follow
Jet Bomb : the bigger the break down lol
Netflix missed on earnings tsla will miss again as well... but this is the media narrative you got to push. sell out
MonkeyGee Jet Bomb : you know bad news doesn't mean stocks will go down
Jet Bomb MonkeyGee : when a pedophile company makes money we should all just bend the knee
Violets : now which way please
Thelord : Why are you so bullish
71679526 : Nice big false breakout, death late feb March
Lichele : I think it is going to fill the gap on 5he downside
Tianhaoyun : Judging from before the market, it seems that they chose to go up
SpyderCall OP Jet Bomb : you could be right. after all the long term trend is down at the moment
SpyderCall OP Thelord : short term trend is up. Until we see a negative catalyst like earnings or economic data then it kind of seems like a good time to buy compared to all of last year
View more comments...