dead4586

shorting the correction on a rising wedge. heres the stats.Rising wedge statistics- In 82% of cases, the exit is bearish.- In 55% of cases, a rising wedge is a reversal pattern.- In 63% of cases, the pattern’s price objective is achieved when the support line is broken.- In 53% of cases, the price makes a resistance pullback on the rising wedge’s support line.- In 27% of cases, false breaks (false exits) appear.Notes on rising wedges- The contact points on the rising lines must be significant because otherwise it might be a flag.- The steeper the rising wedge’s trend lines (rising strongly), the more severe the downward movement is at the breakout (exit from the chart pattern).- False breaks (or false exits) give an indication of the direction of exit. If a false bearish break occurs, the exit will be upwards in only 3% of cases. Exploiting a false bearish break is therefore statistically low risk.- Retracements are generally twice as fast as the rising wedge was in its formation.- Pullbacks are detrimental to the pattern’s performance.- The break out point (exit) generally occurs at 60% of the length of the rising wedge.- Very wide rising wedges give better performance than narrow rising wedges.For your information: A rising wedge is a reversal chart pattern. Its opposite is a falling wedge.GL guys. Im using gmx to leverage this short.

The descending broadening wedge chart pattern is a bullish reversal formation characterized by two sloping and diverging trend lines. This pattern emerges as the price fluctuates between the upper resistance and lower support trend lines, expanding the trading range during a downtrend.A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line.Each of these lines must have been touched at least twice to validate the pattern.NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times.This implies that the descending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times).A descending broadening wedge does not mark the exhaustion of the selling current, but the buyers’ ambition to take control. The divergence of the two lines in the same direction (increase in price magnitude) informs us that the price continues to fall with movements that are increasingly low in magnitude. The sellers manage to make the price rebound on the resistance line but lose control after the formation of a new lowest point. The highest point reached during the first correction on the descending broadening wedge’s resistance line forms the resistance. A second wave of decline then occurs of more magnitude, signalling the sellers' loss of control after a new lowest point. A third wave forms afterwards but the sellers lose control again after the formation of new lowest points.During the formation of a descending broadening wedge, volumes do not behave in any particular way but they increase strongly when the support line breaks.This type of pattern appears on the troughs, it is a bullish reversal pattern.The break in the resistance line definitively validates the pattern.The price objective is determined by the highest point at which the descending broadening wedge was formed.NB: often, the steeper the descending broadening wedge’s trend lines, the faster the price objective is reached.Statistics of the descending broadening wedge after a bullish movementIn 80% of cases, the exit is bullish.In 75% of cases, a descending broadening wedge is a reversal pattern.In 60% of cases, a descending broadening wedge’s price objective is achieved when the resistance line is broken.In 21% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance line.I also feel its important to add the staking on this is crazy, and comes from margin fees. app.gmx.io/ its about 80% at time of post.

The descending channel pattern (also called the falling channel) is a bearish chart formation. It develops within pronounced downtrends in asset pricing. Forex traders view descending channels as evidence of weakened strength in the counter currency. Accordingly, it is frequently used to sell a currency pair and join the prevailing market downtrend.It appears as two parallel lines in a downward trend, forming resistance and support levels for the price. The upper boundary is formed by connecting the lower highs, while the lower boundary comes from connecting the lower lows.The descending channel is strictly a bearish chart formation. But it has a bullish alternative called the ascending channel, where everything is completely opposite.Contrary to trend-following strategies, descending channels may also be used to project a shift in a prevailing bearish trend. This is done by waiting to buy the market on price breaks above the channel’s upper extreme.To trade reversal breakouts, you buy the market above the upper trend line. In doing so, a new long position is opened. Stop-loss orders are placed beneath the channel, and profit targets are located above the channel.#1 – Trade the BreakoutOne method is to trade the breakout of the channel. This breakout can be to the upside, but also to the downside. This setup is going to be the toughest of the three to trade, due to the false breakouts which occur in the market at a high frequency.Breakout to the UpsideA breakout to the upside means there is a possible shift from a bearish sentiment to bullish. This strategy will have you buying the break above the channel. It’s recommended that buying into this break should occur after multiple tests of the upper channel line. Reason being breakouts early on in the channel often lead to traps as shorts push the price of the stock back down to the lower end of the channel.#2- Short the Test of the Top of the ChannelChannels are better suited for traders that place trades within the range. The top of the channel is also known as the overbought territory for all of you Wyckoff traders out there.This means that as a stock approaches the upper channel, there is a high probability of price returning inside of the channel.For this strategy, you will place your sell order at the top of the channel and then cover your position as the stock moves in your favor. There is no guarantee the stock will make it all the way back to the support channel, so you need to be prepared for anything.Also, the price action for stocks trading in channels is often slow and boring. Therefore the trading action will appear erratic at times as price marches to its own beat. This will give you a number of false signals, and head fakes as the action plays out within the channel.This is why again it’s better to cover as things go in your favor and remember to exercise patience#3 – Buy the Test of the Bottom of the ChannelBuying the test of the lower portion of the channel can get tricky. This is because you are knowingly buying a stock that is in a weak position. Therefore, you need to tread the waters with caution. That doesn’t mean you can’t take action but you have to be prepared that the stock may not bounce and could just ride the lower portion of the channel lower with no reaction back to the top line.this trade will utilize number 3 gl guys...always worth noting the gmx/eth price. we have what look like a reversal pattern (falling wedge). cant wait to see how this plays out...another trading contract sow a broading fan. also bullish...

A falling wedge is a bullish reversal pattern made by two converging downward slants. To prove a falling wedge, there has to be oscillation between the two lines. Each of the lines must be touched at least twice for validation.The pattern labels the shortness of sellers. A characteristic is by a progressive reduction of the amplitude of the waves. The highest will reach during the first correction on the support of the wedge and will form the resistance. Another wave of decrease will then happen, but with lower amplitude, thus displaying the weakness of sellers. A second wave is formulated thereafter but prices will decrease lower and lower at the contact with the resistance. Volumes will then be at their lowest and eventually decrease as the waves. The movement will have almost no selling power which displays the willingness of a bullish reversal.The target price is presented by the highest point that results in the formation of the wedge.Check out some statistics about the falling wedge:– In 92% of cases, there will be a downward exit.– In 63% of cases, the target of the pattern will be reached once the resistance is broken.– In 47% of cases, a pullback will occur on the resistance.– In 27% of cases, false breakout occurs.The spacing between each contact point on lines is necessary, it is important otherwise it could be a pennant.More of the trend lines are sloped, the more the upward movement will be violent.The downward retracement is normally two times faster than the formation of the wedge.Pullbacks are detrimental to the performance of the pattern.The breakpoint is normally located around 65% of the length of the falling wedge.Falling wedges which are bigger give better performance than narrow wedges.sorry, ment to write some on the accumuation zone theory... look at volume (rising) its the main indicator and rsi 2nd.On a price chart, the accumulation area is characterized by sideways price movement on above-average volume. Identifying this area could help investors spot good entry points into an investment before its price begins to rise. Accumulation zones can be contrasted with distribution zones, where assets begin to be sold.i dont hold fil. deep in other trades but man i wish i had some free cash flow for this one

this falling wedge pattern is always a great sign. I tend to use it almost exclusively due to how strong they are. seems arb is setting up for a reversal based on rsi and how its comming to the end of the wedge pattern. while better trades may exist this doesnt seem too bad for a 100% gain. not sure if i want to trade it but other may enjoy the info.trade closed at 1$. i just forget to update these sometimes. i dont even like psp lolif u wanted to long this again now wouldnt be that bad of a time to ener by the way. just be mindfull of the rsi... possile lower enterys could come about..

A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.There are several ways to approach trading the cup and handle, but the most basic is to look for entering a long position. The image below depicts a classic cup and handle formation. Place a stop buy order slightly above the upper trend line of the handle. Order execution should only occur if the price breaks the pattern’s resistance. Traders may experience excess slippage and enter a false breakout using an aggressive entry.Alternatively, wait for the price to close above the upper trend line of the handle, subsequently place a limit order slightly below the pattern’s breakout level, attempting to get an execution if the price retraces. There is a risk of missing the trade if the price continues to advance and does not pull back.

ok guys the plan is simple buy CRV and stake via convex for that sweet sweet 20% apy. that ways while waiting for the trade to play out ur staking and increasing ur gains while mitigating ur losses (apy gives u crv and convex tokens). any ways heres some pattern analysis.as most channels go you have a top res and a bottom support. Trading channels are quite useful in graphically depicting support and resistance levels. Most traders often rely on them in identifying optimal levels to buy or sell a specified security. Technical analysts can also follow any of a number of patterns that may occur within a channel to discern short term directional changes in market prices. Trading channels, however, provide one of the most important overlays that a technical analyst will use for long-term analysis and trading decisions. pretty simple stuff.so using the long term out look to give a bit of time for that sweet sweet apy to cook we should at minimum make a 25% gain or at best case scenario a staggering 800% gain. gl bois.ooof. stop loss at 40cents guys guess i didnt move the red enough...everything is looking tight here guys. trades still very much active.ok guys, oddly enough there is a huge price gap between crv and cvcrv so i would recomend scooping up cvcrv and then staking for max yield. if u have crv swap for cvcrv or swap eth for cvcrv. u get so much mor CRV this way gl...typo...cvxCRV not cxCRV lolplease note the eth/crv falling wedge...feedback welcomgetting close to stop @ 0.40$.... deciding to take on more risk in exchange for more yield and will be increasing position here and taking stop loss down to 0.30$....i do feel the yield will make up for if i did stop out at 0.40 anyways and i do still feel bullish atm.as you guys know ive been accumating more cvxcrv to stake and farm yield while dcaing the original trade. this is aready extremely profitable as anyone could also abuse the margins on the cvx/crv ratio. sometimes for up to 30%!. i already have an idea showing where i did this previously anyways quick update thing going well nlah blah blah.updated look at chart as well.just a quick uodate. stacking more to stake..yeild still pretty atractive rn..ive since stopped stacking and have been collecting the yield. stop loss at 30 cents. which is pretty generous but i do believe with a good enough eth pump crv will give decent gain plus yield..stopped out.probably re enter at some point. i did keep around 10k worth for yield and bag holding...

There are multiple ways you can trade descending triangles. Now, each method will require a different trading style and preference, so you will need to see if one or any of these approaches work for your trading style.Breakout to the UpsideA breakout to the upside means there is a possible shift from a bearish sentiment to bullish. This strategy will have you buying the break above the channel. It’s recommended that buying into this break should occur after multiple tests of the upper channel line. This will be what we are doing.gmx have had a move upward but do to this chart being remove by TV trade will be considered closed thx guys...ive since reentered gmx. may post an actuall idea later but 22-25$ is an absolute steal for gmx guys..

In technical analysis, a pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole4hr chart head n shouldersmatic may be an ifferior L2 but this trade is surprisingly easy money. thanks guys..this is now called poly. my entry prices have hit as the coin is close to 25-30 cents rn.

tradingview doesnt like that i keep my ideas short n sweet. pretty much usful entrys to long SNX.There must be a trend on the market to talk about a trend reversal pattern. The share price enters the pattern from above.Role: ReversalExpected trend: BullishPrevious tren: BearishReliability: ModeratePattern: TriangleAccording to the technical analysis principles, the support line changes into resistance line and resistance line changes into support line. When the price breaks the top horizontal line of the triangle, it will act like a support. Sometimes the share price returns to this line before it would start increasing.Target priceThe basis of the target price calculation is the group of days with large trading volume at the beginning of the pattern.trade stopped out a while back im just terrible at updating these