Showing posts with label Descending Broadening Wedge. Show all posts
Showing posts with label Descending Broadening Wedge. Show all posts

Sunday, April 8, 2018

Globe Telecom Inc., (GLO) Descending Broadening Wedge - April 8, 2018

Globe Telecom Inc., (GLO) maybe forming a Descending Broadening Wedge. The descending broadening wedge is considered to be a reversal pattern, and is bullish in nature. Though the pattern is typically a signal of reversal, continuation of the downtrend is still possible. Resistance levels are at 1700 and 1800. Support levels are at 1600 and 1500.


Technical Analysis For Forex, Cryptocurrency and Stocks.
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Saturday, February 3, 2018

BTCUSD Bullish Butterfly - February 3, 2018

BTCUSD completed a Bullish Butterfly Harmonic Pattern and may be forming a Descending Broadening Wedge Pattern..
Buy on current price.
Target 1 - 9,698
Target 2 - 10,979
Target 3 - 13,052
Cut loss below 6,850.
Caveat.

Sunday, January 28, 2018

MRP Descending Broadening Wedge Break Out - January 28, 2018

MRP broke out from Descending Broadening Wedge Pattern and made a return move.

Buy on current prices to trade the break out and return move. Resistance levels are at 10, 12 and 14
while at support levels are at 8 and 6.50.


Wednesday, February 8, 2017

Philippine Stock Exchange Index (PSEi) - February 8, 2017

The Philippine Stock Exchange Index (PSEi) seems to be retested the Upper Line of the Descending Broadening Wedge Pattern and currently forming a Ascending Triangle. If there will be a breakout of the Ascending Triangle the Possible Target Price is at 7750.