Looks like this broken stock found support around $32 and bounced off. Now, consolidates nicely above 8/21 EMAs. Break up and close above consolidation resistance at $38.20 can bring more active buyers with stop below $35.25 and target at $42.80. That makes this trade reasonable from Risk/Reward perspective and probability/ Overall market is bullish which can...
This might be a bull flag, therefore a very good opportunity to trade the top and bottom once again to make money. Then we could be expecting a breakout either way in october.
Similar to CRI, after beating the most resent earnings estimates price action on Elil has formed a clear bull flag. Decrease in volume since the run up also confirms this. Wait for a break out above 87 on high volume to confirm trade.
After beatings earnings estimates on 2/25, price action has formed a clear bull flag. Volume is also constant with a bull flag. Wait for a jump up with high volume to confirm trade. Price should move up to at least the previous resistance at all time high around 109-110.
If we see a close above the trend line I feel we coudl see a break to the upside. Good solid support in place
I think we'll likely see a bull flag occurring around the 0.618 Fib zone where it will at least make a move up till the 0.886 Fib zone where it meets with a previous trend line. Possible long trade here when it moves up.
Lots of EUR and USD related news coming this next trading week(!) Considering past behavior likely a heavy buying R zone will be hit, then it will retrace back to the 0.786 Fib zone because of bull flag forming with previous trend line. (Depending on news and sentiment) We can see a further move up to the 0.5 Fib zone.
Reason for long :- - EMA 200 is under the zone indicating its in bullish trend -Bouncing on the key support zone (38.2) which if we look left, shows a traces of previous structure - Bullish flag pattern form - If there's a bullish candle close on the next day which breaks the red line, potential to go long on 1st target : 1.01646 and 2nd target : 1.0400
Hello Traders, FX:EURUSD has been consolidating for the past 6 weeks, which resulted in Bullish Flag Pattern formation on the daily time frame . The upper portion of the flag pattern is a really strong resistance level since the market has been rejected from that level 9 times . Thus we need a really strong bullish breakout from this level in order for...
On the EUR.NZD 15min chart we have a potential long opportunity at the D leg completion of a Gartley Pattern The price reversal zone on this pair is between 1.676 & 1.672 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Gartley Pattern placed at the .382% and .618% retracement...
So as you could see there is a possible bull flag on the Euro/usd chart with a 1 day timeframe. Let's see how it's gonne turn out (My opnion one more down to the lower TL and than it will break the upper TL) Let me know what your opinion is! Happy trading!
The bullish flag pattern on D1 chart of EUR/JPY presents an upswing potential on a breakout. The pattern's pole and flag parts are shown with the yellow lines. My potential entry level is shown with the cyan line. My potential target level is the green line. Stop-loss will be set to the low of the breakout bar (not shown on the chart).