When wedges appear on the exchange rate chart for a currency pair, it can indicate to an astute technical forex trader a coming reversal or continuation of the preceding trend. The rising wedge ...
Learn to recognize rising wedge patterns, indicative of market reversals, and explore trading methods to capitalize on this bearish chart signal effectively.
Bitcoin’s price is forming a bullish wedge pattern while lingering near its 2021 all-time highs, with hopeful traders eyeing a price target of $85,000 next. “Bitcoin has formed a massive descending ...
Gold pulled back further on Friday from Thursday’s low, before finding support around the 78.6% retracement level. The low for the day was 2,157, at the time of this writing. Nonetheless, the breakout ...
Bitcoin's chart might look like it's lining up for another leg higher, but seasoned traders aren't buying it—yet. While falling wedges are traditionally bullish patterns, respected chartist Xanrox is ...
Bitcoin’s market structure on the weekly timeframe shows what some analysts have described as a bull flag or broadening wedge pattern, which if completed would send BTC to new all-time highs. Even ...
Dogecoin (DOGE) is trading within a falling wedge pattern at around $0.13 on Tuesday, and a breakout of this pattern favors ...
XRP shows signs of recovery as a descending wedge pattern emerges on the daily chart, coupled with renewed whale accumulation ...
The XRP price has stabilized in the past few days as it jumped by ~9% from its lowest point this month. It was trading at ...
Today’s bullish follow through in gold is not too convincing for the long side short term. Gold had a decisive breakout of a bull wedge yesterday and it closed near the high of a long-range green ...
As it stands, commodities are starting to look particular attractive for contrarian investors. Given the decade-plus fundamental outlook for stocks (i.e. record valuations), I see no reason why gold ...
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