Double Falling Wedge Patterns tend to breakout topside more often than not.
評論:
評論:
Keeping eyes on EU as it reaches apex, wedge loses buyer confidence, the longer it takes.
Apex in purple:
Apex in purple:
評論:
Earlier wedge invalid.
Buyers holding new support level. @ 1.11300
Could mean wedge will move towards new 15M timeframe support in red.
Buyers holding new support level. @ 1.11300
Could mean wedge will move towards new 15M timeframe support in red.
評論:
Oops 1.11330 instead of 1.11300
評論:
New support @1.11330 broken but with massive bullish pin bar, closing just above that level:
評論:
NOTE: backtest falling wedge evolving into downward channel with larger apex.
交易進行:
評論:
Reached resistance.
Noticing a lot of buyers taking profit here again.
Noticing a lot of buyers taking profit here again.
評論:
Confirmed early buyer failure to breach resistance level on 1M chart.
評論:
Earlier channel resistance could become support.
評論:
This might be the reason why we're not getting higher highs.
Rising wedges are often reversals of uptrends.
30M:
Rising wedges are often reversals of uptrends.
30M:
交易結束:達到停損點:
Break stops reached with a bit of slippage on the side.
NOTE TO SELF: falling wedge pattern was success, even within a larger timeframe rising wedge. However, buyers failed to punch resistance three times now. Downfall is almost certain at this point. Closing analysis.
NOTE TO SELF: falling wedge pattern was success, even within a larger timeframe rising wedge. However, buyers failed to punch resistance three times now. Downfall is almost certain at this point. Closing analysis.