Just shot this to my Syndicate members but wanted to give you guys a look as well. Playing for a simply low risk high reward breakout on EURAUD as we've just created a HHHC above previous structure (looking left). Normally I play for a bigger move to the 1.272 but the even handle and next resistance level doesn't make it worth the risk.
I have identified a bullish flag pattern on DAL weekly chart. Flag patterns are a reliable trading pattern which gives you clear entry and selling signals. Flags are a quick to meet targets usually completing in less then 3 weeks time. DAL had a straight $20 run up from its' lows (creating the pole) and then proceeded to consolidate for several weeks (creating...
Possible butterfly into bullish flag pattern. Butterfly completion point could be very close to the lower band of the flag. Target 1 displayed on the picture, target 2 looking for further run to the upside (same size of the main impulse leg in the chart.)
Consolidation over the last couple of weeks, after an impressive breakout from the previous trend, appears to have created a tidy flag formation within a neat channel. Price is now intercepting the meeting point of the 50EMA and the Support at the bottom of the Channel. This is the third time price appears to be reacting to this support and a reversal Candlestick...
JWN is in a solid uptrend with the MA's lining up parallel since quite a while. Since breaking out of its last consolidation, it rallied up about 13%, before consolidation again for just short of 3 months. It broke out on a very bullish day with huge volume and has retested the prior resistance. It's now forming what seems to be a bull flag, with a nice volume...
A lot of news coming out this week for both CAD and AUD but on the technical side of things what I see is a bullish flag pattern forming within the C to D leg of a potential bearish bat pattern. I don't trade flags the same way i trade advanced patterns but I do like when they come back into previous structure as in this case so it's something I will certainly be...
1.Price currently getting into the narrow depths of this Symmetrical Triangle. 2. A strong break to downside and pullback to test Bottom Trend Line needed before shorting 3. Possible rally to untested Supply Zone where Bulls will look to take profit. 4. A more highly profitable shorting zone will be 1.1535-1.1585 5. Price currently in a possible flag channel Lets...
Gap below. Next supply level above is 57.78 Beat earnings by just one penny. Many new stores, and these take about 1 year to become profitable.
I have been shorting this pair for a while now. Since it has been on a downtrend with predictable pullbacks and FIB retracements! A 4hr Candle just closed testing the Bearish Flag that broke out recently from GBP strength. This technical analysis has been respecting a weekly structure and is now on course to test the lower Trend Line of this structure. I am...
This multi year projection is based on the break up from the downsloping channel which appears to look like a bull flag continuation pattern. Note that the price scale on this chart is log. From start of golds bull run to peak in 2011 was a roughly 680% increase in price. Similar increase from todays level looks at a target of towards $9000 per ounce. Those...
Looking to break the channel upwards towards the high from the beginning of the month. Little news, pure technical play
SCG has spent the best part of 18 months trying to break out above the 2013 high. When it did so (in November 2014) the move was fairly clean but this was too soon to consider an entry (after such a long consolidation). However, over the Christmas period there have been two very bullish bars - the first confirmed a small flag and the second was on higher volume....
UPDATE 23rd DEC In London right now and just had my porridge and what do you know I spot a bullish flag. These are very common when using ABCD Fibonacci extensions. This technical analysis concurs with my previous eurjpy analysis tagged below and shows a higher target than I previously anticipated. This geometrical formation has given me more confidence in...
Overall KMX is not a great trending stock but has been in a bullish move for many years. So today I would only look for a near-term buy opportunity even though it has been trending well since breaking above the 2013 high ($53.08). In late October price broke above the 2013 pivot high and this time the move stuck. There was a retest to turn previous resistance...
I last posted on PETM on 19th November when price gapped up past the very strong resistance from October 2013. At that time I recommended standing aside until this level had been retested. If anyone bought this short-term the trade would've probably broken even or realised a very small profit. Since then price has come back to retest $77.32 and the pivot held...
CNC gapped up on Friday, despite the overall bearish move on the US Indices. This was a quite significant move as there are a number of reasons to support a continuation of the uptrend - in the near-term at least. Firstly, price gapped up above 3rd December high of $101.83 and the $100 figure. Second, this also confirmed a bull flag formation or, if you prefer,...