Flags and Pennants Pattern We will now analyse the flags and Pennants Pattern, two other Patterns of the technical analysis. Flags and Pennants are short-term continuation patterns ; are among the most reliable Patterns and they represent “short breaks” (not longer than 20 sessions) during a Trend, before the Trend continues to go in the initial direction. Let’s...
CRUUF is now displaying one of my favorite bullish signals - GOLDEN CROSS Also, very bullish is its current buy opinion by one of Wall Street’s leading Technical indicators barchart.com, which just issued CRUUF an 80% "Buy" short term! > Hence Time Sensitive?
On the 4hr and daily, it can be seen that a bear flag is being formed. It is possible the market will make one more push to the upside forming a Higher - High before price reverses. Price is currently sitting on support at 111.300, I will monitor closely how price reacts to this level. If any bullish momentum on the smaller timeframes is spotted (1hr, 15m) I...
Three good examples:- Falling Wedge Bull Flag Pennant
Hi all, I've been getting a few DM's and emails on what I think of the current price action. In past videos and written publications I have said that things got into extreme overbought territory on the shorter time frame charts. I mentioned that things could trade sideways and be a little choppy for a few days while momentum rolls back to neutral territory. If...
A look at some recent BTC impulse moves higher and subsequent price movement. I prefer bull flags that drift lower on lighter volume and then push higher on increased volume. However, ultimately the breakout volume and follow-through move is what's important. Box A is yesterday's move showing an ideal pullback level. Box B is the Dec 17th move which turned...
A Bear Flag is a price action within the context of a downtrend that produces an orderly price increase consisting of a narrow trend range comprised of higher swing/pivot highs and higher swing/pivot lows. The success of a Bear Flag can be greater after a significant downside move due to the possible increase of overhead resistance. Bear Flags can be stronger...
Flags and pennants are continuation patterns. They are traded in the same way, but each has a slightly different shape. The terms flag and pennant are often used interchangeably. A flag or pennant pattern forms when the price rallies sharply, then moves sideways or slightly to the downside. This sideways movement typically takes the form or a rectangle (flag) or...
A few days ago i said i would make an educational analysis about that pattern i saw a few days, something i have seen many MANY times this year. Especially since May until September this year. What do we see here: After breakouts like we had a few days, where we see a squeeze up happen within 1 or 2 minutes, then we see a dump happen just as fast and usually...
As promised i would explain my view on why i assumed today's bear flag was NOT a Bart move. There is more to is than just these 2 moves, the bigger picture also plays a part, but i won't get into those details because it would make things too complicated. 1: The spread between high and low 2: A drop and quick move above the previous high 3: Difference in...
If what I have drawn on the chart can be considered a true bear flag then, in the medium term, we could be in for some significant downside. This is rule number 8 on pennants from stock-charts.... "Targets: The length of the flagpole can be applied to the resistance break or support break of the flag/pennant to estimate the advance or decline." So, IF this is...
Chart patterns are great ways to anticipate reversals of trends. Other indicators like MACD and RSI can help you figure out more exactly when but identifying chart patterns are a great way to see a reversal coming. The first step is knowing how to draw trend lines. With these you can more easily see how the range of a certain move is changing. If the range is...
Hi All, This is just a initial stage of the pattern, the pattern usually change to ascending/descending triangle and sometime to raising/ falling wedge or a channel. Just monitor on the declining of the volume until the breakout volume spike. (to identify the target price). 1. Descending Triangle - This pattern is usually a continuation pattern, but some cases,...
Hi All, This TA is just for Education Purpose. The price target for both is below $8000. 1. Bear Flags. Volume is decreasing until selling volume coming in. 2. Raising Wedges . Volume for wedge is decline until it reached breakout points. *This TA is for Educational purpose and not a financial advise. If you are happy with my charts and would like to follow...
Looking for patterns...I ran across this....classic text book break out pattern Pattern - Flag Pattern - flag top consolidation Break with show of strength 9EMA support .....and a good take off!!
The flag pattern is fairly simple with just three components. 1. The flagpole 2.The flag A strong up trend Ideally, we want to see a retracement of 38.2% or less for trend continuation. To trade the flag, you can time an entry at the lower end of the price channel or wait for a break up above the upper channel. Look to take profits by projecting the length...
In this post i wanna share one of my method in analyzing price movement. sample 1 : we have symetrical channel up. After channel up resistance broke up, that resistance line will become support in next wave. Price action will try to break it as correction pattern. sample 2 : Again, we have same pattern here, symetrical channel resistance broke up with bullish...