BCHUSD another sweet bull pennant. Good time to go long on this one
Like I mentioned in my earlier analysis, it seemed like the RSI needed to cool off a little before Ripple could make another move. We had two days of consolidation now and created a nice bull pennant, which often results in continuation to the upside. A Long trade would have a pretty good Risk/Reward ratio right now. First target could be the next resistance level...
This bullish pennant formed on the GBP/CHF @ D1 offers a bullish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. I will set the stop-loss to the low of the breakout candle (not shown).
Bitcoin is further consolidating in a tight range today. The immediate pattern it draws is a bull pennant, but the entire structure can also be seen as a another bear flag. A daily close above the bull pennant structure would be considered bullish, a daily close below 6.4k would be considered bearish. The red rectangles are areas of major resistance. I assume that...
LULULEMON is currently in the controlled profit taking stage of the flag for the current bull flag formation. The previous advance since an earnings surprise is used as the length of the flagpole and also the measuring objective of the next advance. If we see some significant volume on the breakout then we could be set up for some nice quick profit. If volume...
As we can all see, this a bullish pennant potentially forming. Price is currently at a very strong Support Line, so we'll be looking for bulls to be taking charge very soon. You can drop down to the 1H/2H or even the 4H for a strong Confirmation to be buying (INTRADAY TRADES). However, if you're like me.... You'll also enter at the break and retouch of the...
ICX is forming a possible bullish pennant on the hourly charts (1-4.) RSI is turning up and has plenty of room to run, and the MACD on the 4-hour is looking like it will cross over (bullish cross over.) The Stochastic indicator is also turning up. Target 1 is along the pennant near 1350. If it is rejected here, it will most likely retest the bottom part of the...
Entry 2.135 Stoploss 2.010(-5.85%) Target 3.171 (+48.52%) Risk Reward 8.29 Disclaimer, my post are my own ideas, not financial advice.
We have a huge confluence of support right here. We are testing the trendline from the December High. It also is right were the current upward trend from June is along with price resistance/support lines. If you look at the daily chart there is currently at a huge confluence of support and it is likely that we will see an bounce or a reversal of this downward...
Btc has been in a long term bull run as you can see in the chart. It has formed what appears to be a bull pennant. The question is where does the flag pole begin??? My chart also indicates if we turn bearish from here where I think the lowest plausable target would be and has all the supports list between where we are and the low. I am not saying thats what going...
Hey everyone I believe that we have a BOTTOM In or close to being in. Check out the weekly, Daily, and 4hr TD sequential all hitting on ending 9's today or in the past few days. The daily is on an 8. These are good signs not to mention the bull pennant on the 4 hour chart. Hopefully the bottom is in
A bullish pennant forming with a potential for a large breakout to the upside. See chart for pattern and price targets.
The bullish pennant on the daily chart of CAD/JPY can be used for trading an upside breakout. The pennant and its pole are marked with the yellow lines. My potential entry level is a the cyan line. My potential take-profit level is at the green line. I will set the stop-loss to the low of the breakout candle (not shown).
This bullish pennant formation on the 4-hour chart of XAU/USD provides a bullish breakout trading opportunity. The pennant and its pole are outlined with the yellow lines. My potential entry level is marked with the cyan line. My potential take-profit level is marked with the green line. I will set my stop-loss to the low of the breakout candle (not shown).
Guys & gals, sorry to disappoint but it's time to face reality. My Elliott Wave Theory projection is just not happening. This dog just won't hunt; not going to the Moon anytime soon, either. What we have going on is a classic bull pennant in bear market flag formation. It's probably (~94%) going to lead to continuation downtrend. see virtually identical Fig 2:...
Since the initial price break, LTC has just checked into the original bullish support as we got dragged down by the King, BTC. It is a very interesting place we have stopped as this happens to be the crossroads of the bottom support of the pennant and longest bullish support line. As long as it holds, it should send us up and out of the triangle. A lot of longs...
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The price is in a falling wedge that is taking place in a bull pennant. We see the Kijun and Tenkan are above the price although they are moving horizontally. Signalling a potential loss of momentum in the downtrend. The Kumo is acting as well defined support with the .5 Fibonacci level. MACD is forming a bearish fan. If a bounce occurs from Senkou B then...