There's a clear bearish pennant forming on the AUDJPY in the 15-minute timeframe. A bearish pennant forms when a triangle appears following a sharp downtrend. It is a continuation pattern that signifies a move lower. Recent news suggests Australia is struggling to contain COVID-19, given a surge in cases in Victoria (Australian state). As a result, it seems that...
Hi. It is a period in which the relative data flow in the markets is weak and the uncertainty is high and so I found pattern searching correct. Trade parameters have been expanded to increase the Risk / Reward Ratio. Parameters : Position Size : %1 (0.01) Risk/Reward Ratio : 3.00 Leverage : Max (Minimum 50x) Stop-Loss : 75.370 Goal :...
What are Pennant Patterns? Flag and Pennants meaning Pennant patterns form after a strong price movement. This is because after a strong upward or downward movement the buyers or the sellers take a break and battle for a short period before the trend eventually breaks out and continues the primary trend. Step #1 Apply Parabolic SAR indicator to the chart. The...
JUST ANOTHER SHORT TERM BULLISH IDEA... SYMETRICAL TRIANGLE+ ASCENDING TRIANGLE = CONTINUATION PATTERN ? WE WILL SEE... ;-) thank you so much your comments!! This one also coming from this idea: Love and good luck!
Pennant are generally continuation Pattern. Sometimes, very rarely they work as inversion pattern The trading idea can be to sell at the current level and get out as per below two options: Option A - Bearish up to level 25.00 Option B - Bearish up to level 24.00
Although a rather simple setup, I find this appealing nonetheless. Here are some key takeaways going into tomorrow's open. - We appear to be forming a bear pennant. Note the two wicks to the upside that ended in the Daily candle closing down. It appears that Shorts are prominent along this upper resistance. The volume also appears to be in confluence with the...
BTCUSD /// Recently broke out of the larger scale wedge we had been in since our dump to 3.8k. Now as we have got out of that, it looks as thought we are forming a bearish pennant. Shorted the top of that second confirmation. :)))
Hi guys, We keep getting rejected at the 50-day EMA and today the fourth consecutive failure there resulted in a heavy drop back to PHASE 1 or the $6,900-$7,000 zone on our chart, which was also the horizontal S/R of the ascending triangle on the daily chart. The mid-week session on Wednesday was seen as a continuation of the bull trend after the profit-taking...
I have spotted a bearish pennant on (EUR/GBP H1) I had previously seen a symmetrical triangle on this pair on the (H4) time frame, we should see a nice short position I will look for entry a few pips below. If you like my idea please feel free to like, comment, & share.
I have spotted a bearish pennant forming on (USD/CHF H1) I had previously found a falling wedge on this pair on the (H4) time frame but I believe we will see a nice short position I will look for entry a few pips below the squeeze. If you like my idea please feel free to like, comment, & share.
Usually when a bearish triangle pattern forms, a negative trend begins at the end of the triangle, the price return may take some time in the medium term.
What is up everyone, Clean bearish pennant developing on ETH as well as a variety of other altcoin setups. Publishing this one as I think it could get the most visibility. Major bearish pattern performed to target and I think we will see more downside here. Pain for holders continues likely. Take care, Vlad The Crypto Trader
After a bearish pennant formed just a few weeks ago, another has appeared to form as well. Trendlines aren’t the strongest but that’s mostly due to my lack of experience. Last few days it’s had some very long upper shadows on candles. The stock has also dropped after earnings on the last 2 reports and will post earnings after the trading bell today (feb 10). This...
Hard to tell which one of these 2 current patterns is the more dominant chart pattern here but if the inverse h&s ends up triggering on the 1 day chart then the yellow ascending triangle here on the weekly will likely end up being the one that gets validated.
Hello traders! Today’s chart update will be on BTCUSD where it has formed a bearish pennant which is a continuation pattern. Will Bitcoin break bearish? Points to consider, - Clear bears in control - Price testing support zone - Local resistance provided by EMA’s - Stochastics projected downwards - RSI testing support - Volume declining Bitcoin is...
It seems that enthusiasm due to the recent decline in historical media is rapidly coming to a halt. The most attentive has not responded to the purchase around 7k USD. I believe that this triangle can predict the new Bearish towards lower supports confirming last week's bearish trend. A difficult time to venture forecasts, but we'll see. For me, it's a 70% Bearish.
It started with a price decrease to a symmetric triangle and its likely to go bearish