BRK looking goodbullflags on bullflags turn into bullflags
The tyupical anatomy of a bullflag is a pole, then a core that looks like a steep bullflag, then an exit, which typicall forms a container bullflag around the core, often contains a mini bullflag, and repeat.
So here...
Big green bullflag
Core is awedge (green)
exit bullflag was a wedge -> bullflag (yellow)
Now that will morph to a flatter bullflag (purple), and prob have a tiny buillflafg in the top-right corner.
The whole purpose is to jam in up the stairs adn down the elevator as much as possible to work off RSI and shed the sellers
Bullflagpattern
BTC - The Higher Low - Golden DiamondDiamonds, anecdotally, seem to return to their midlines before signaling whether or not they are destined to become a reversal or continuation rhombus. In the event of a break out the flag to the upside, BTC will be gaining an uptrend with a HH. A loss of the .5 (65-28.8K retracement), with a backtest is the bear path.
Higher Breakout FET/BTC #FET #FetchAI $FETHere we see our FET daily chart from Bitfinex and you can clearly see this pullback is a Bullflag ! Shown in-between those black lines . The purple lines show the length of the flagpole on our last rise up that took us to 2500 area . That flagpole was at least 1200 sats high and when we break out of this Bullflag we will be going up by at least that much upwards . So if we break out near 2200 sats, give or take - we should then be targeting 3200 to 3400 area , and possibly higher ( I won't be surprised if we wick to 3700 area . ) But 3200 is a strong weekly resistance , and 3400 is the .236 fib of our full fibs on the Binance chart so I expect to hit resistance there . At any rate this looks great and will continue to do well the rest of 2021 , at least .
SOL about to make moveHi all and welcome to this analysis on SOL-USDT;
this is the 4H chart and we see that SOL price is being firmly consolidating in a triangle;
I think this could go either way, but I think can upward movement is more likely.
The pattern we see here is similar to a bull flag, also the price has recently sprung back strongly from the 0.38 Fib ratio level shown.
Let's see how this pattern will develope
upward target: 210 $ or higher
downward target: 135-100 $
check for volume and confirmation in any direction if you want to trade this.
ARE WE ABOUT TO BREAK OUT OF THIS BULL FLAG???This stock is following a familiar pattern. Bull flag, consolidate, breakout, bull flag, consolidate, breakout - rinse and repeat. Looks like it could happen again at any moment provided we get some volume! Fundamentals are fantastic too.
SPX 1-day classic patternsQ: What has the highest probability of occurring?
Solid uptrend.
There are 2 classic patterns 1 is approaching its target the other has not validated.
The bull flag from July is approaching its target.
The pattern projects 4570 as the target.
The ending diagonal, that appears to be in a throwover, is not validated.
This pattern projects 4140 as the target.
Objectively looking at previous structure there are a two major bearish classic patterns that failed. Specifically double tops that breakout into an uptrend as the second top is about to form. Buying the retest of the double top or former resistance was a great strategy. Bull flags also proved successful, in hindsight of course.
Since the bull flag from July is the only validated pattern the current position is long with a bias in favour of the uptrend continuing.
N.B. the current daily ranges are in the lower half of the distribution of all ranges this year. This indicates low volatility by 2021's standards.
When the rate of change crosses from -ve to +ve it acts as a good entry signal for this trend. The market gains momentum after the majority of crosses.
Low volatility and momentum are prerequisites for steady trends but are not predictors of direction.
Finally the ending diagonal is for those with skepticism. If something untoward were to happen there is a framework for trading a 10% correction. In the words of Ed Seykota,
"The trend is your friend except at the end where it bends."
PRINCEPIPE - Bull Flag Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Feel Free to connect with me on any of my handles for any query or suggestion regarding this stock or Price Action Analysis.
Ocean flag brake out Ocean broke out of flag. 2 hr MACD cross up, divergence on the histogram, RSI looking good. Targets on chart. Everything just possibilities!
LXCHEM - Bull Pennant Breakout - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
Feel Free to connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Silver Bull Flag - Weekly XAGUSD IdeasSilver is poised to print its lower low on its weekly chart, printing this i can confidently says it has found it bottom an ready for the rally up. This week we will be seeing range from 22.50 to 26.00 and what make this week more interesting is the Hammer printed last week on Gold Chart could be catalystic. In Case of a quick run up 28.00 would be the start and 38 is our next target.
Check out the Weekly Stochastic too.. Im generously Confident!
GBPUSD long?GBPUSD seems to approaching a critical support level, while simultaneously reaching the lower channel of a potential bull flag, all while displaying, very low RSI, MFI and stochastic levels on the 1hr time frame and lower. could be the sign of a big break to the up side? Ive included my potential Take profit levels, news dependant today, we might be in for a treat.
until next time, good luck, happy trading.
GBPJPY Week Insight (Aug 16-20)Hello All and blessed.
Since price failed to break the top trendline
there can be some downside to 149.
Also RSI is not yet oversold, and has not reversed.
Price also has to break below the 149 to continue head and shoulders pattern.
If there is a break above the top white trendline then we see a big major move up.
Note that in weekly time, there is a cup and handle pattern and we are in the handle.
ES1! - Rising Wedge Apex BreakFound the junction of bull and bear forces a the point of the wedge; with a V-shape to All Time High. Setting up a 2 hour Flag with resistance at the 2 hour LBB. A test and hold of the 2 Hour 4 EMA below would set up a melt-up. The Bear Path sees volatility return and the potential for headline risk ahead of the fed notes.
HDFC - Bull Flag Breakout - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.






















