XRP is ready ?XRP has been consolidating since last high from Jan this year. MACD shows that the momentum is picking up and I see it is ready for next move.
A weekly close will confirm it.
Bullish Flag
Bullish Flag Pattern.
Bullish Flag Pattern.
Crossing 435 with Heavy volumes will
trigger more positivity & will expose
New Highs targeting 700+
On flip side, breaking 300 now, will
bring more selling pressure.
Bitcoin - Bullflag formation towards $111k?After the long and steep rally in Bitcoin that began on April 9th, the price is now entering a period of consolidation and forming a classic bullish continuation pattern known as a bull flag. This type of structure often appears after a strong impulsive move to the upside and signals that the market may be gearing up for another leg higher.
Bull Flag
On the daily timeframe, BTC is in the process of developing a bull flag by printing a series of lower highs and lower lows within a narrow descending channel. This pullback phase comes after a significant rally and is generally considered a healthy part of a trending market. It reflects a cooling-off period in which the market digests the prior gains while maintaining a bullish bias. This type of structure typically resolves to the upside, continuing the dominant trend. At present, BTC is approaching a key upper boundary of the flag formation, which also aligns with a prior zone of price rejection. This area could act as resistance in the short term and will likely play a crucial role in determining the next directional move.
4H Fair Value Gap
Zooming in on the 4-hour chart, we can observe a clearly defined fair value gap (FVG) between the $102,700 and $103,800 levels. This imbalance was created during the sharp move up and now represents a potential area of interest for buyers. If price retraces into this zone, it could act as strong support where demand steps in, filling the imbalance and potentially triggering the next upward leg. Fair value gaps often serve as magnet zones in trending markets, and in this case, could offer a key entry point for those looking to position long within the larger bullish structure.
Liquidity Levels
One of the more critical areas to watch lies around the $111,000 level, where we see a double top on the lower timeframes. This region holds a significant amount of resting liquidity just above it, as evidenced by the liquidation heatmap. These clustered stop-loss orders and leveraged positions create a liquidity pool that could attract market makers and large players looking to trigger a stop run. As price approaches this level, it becomes increasingly likely that the market may spike into this liquidity before deciding on a longer-term direction. This liquidity zone acts like a magnet and is a common target for short-term wicks and fake-out moves.
Expectations
The current expectation is for Bitcoin to push higher toward the $111,000 level before the market makes a more definitive move. While this upside continuation seems likely in the short term, caution is warranted, especially considering the structure on higher timeframes. The weekly chart is starting to show some signs of exhaustion, with momentum slowing and potential bearish divergence forming. As such, the move to $111,000 could simply be a liquidity grab—a final push to trap breakout traders—before a deeper correction or reversal unfolds. If price does manage to break the all-time high with convincing volume and sustained follow-through, the bullish case would strengthen significantly. Until then, however, it’s important to remain cautious and recognize the risk of a fake-out at these elevated levels.
Conclusion
Despite the strong rally in recent weeks, Bitcoin still faces substantial resistance overhead. The $111,000 level stands out as a critical zone that could act as a magnet, drawing in price action before reversing to the downside. This area is not only technically significant but also loaded with liquidity, increasing the risk of a bull trap. Traders should remain vigilant and avoid getting caught on the wrong side of the move. Watch closely for signs of exhaustion or divergence as price approaches this level, and be prepared for potential fake-outs designed to lure in overly aggressive participants. Staying patient and waiting for confirmation remains the most prudent strategy in this environment.
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BTC daily bull flag formationBTC is looking bullish on the daily chart in my opinion. One more pullback might be in order before we test new highs on the daily chart. The 100 sma has crossed over the 200 sma and the 50 sma is crossing the 21 sma. The rsi is neutral at time of publication. This bullish breakout could occur in late july after a pullback in the near term.
I think bitcoin is setting up to make another all time high push as summer draws on.
Not financial advice. Do your own DD.
Thanks for viewing the idea.
Comment what you think is going to happen over the course of this summer.
Weekly/monthly bullflag on xrpusdAn even higher target than the symmetrical triangles two potential targets materializes when we confirm the breakout up from this bull flag. It will likely have a bullish target somewhere around $5.20. Upon reaching this target it will also be breaking above a big cup and handle that will then have an even higher breakout target which I will post in my next idea *not financial advice*
CG Power and Industrial Solutions with Strong Bullish Flag SetupCG Power and Industrial Solutions just landed its largest-ever single order a 641 crore contract from Power Grid Corporation of India Ltd (PGCIL) for high-voltage transformers and reactors
The company, now under the Murugappa Group, reported consolidated FY25 revenues of 9,909 crore. However, annual profit dipped to 972.98 crore from 1,427.61 crore in FY24, despite a strong Q4 showing with a 17% YoY rise in net profit to 274.26 crore.
- Inverse Head & Shoulders Breakout: The stock recently broke out of an inverse H&S pattern, a classic bullish reversal signal, with strong volume confirmation. Holding above 690 could push it toward 750 TO 800.
Support & Resistance Levels
- Support: 663–679 demand zone
- Resistance: 694, 704 and 712
Trend Summary
- Short-Term: Neutral to bullish
- Medium-Term: Bullish bias if it sustains above 690
- Volatility: Elevated, so expect sharp swings
Bitcoin - Breakout incoming towards $115k?Introduction
Bitcoin (BTC) has been consolidating just below a key resistance level over the past several days. This period of sideways movement, without any significant pullbacks, reflects notable strength in the market. Such price behavior often precedes a strong directional move, and in this case, the technical setup continues to favor the possibility of a bullish breakout.
1H BullFlag Pattern
On the 1-hour timeframe, BTC is forming a well-defined bull flag pattern, which is typically a bullish continuation signal. This flag began to develop after BTC surged from approximately $105,000 to $110,000, creating the flagpole that represents the initial wave of upward momentum.
Since that move, price has entered a consolidation phase, forming the flag portion of the pattern with declining volume and tighter price action. If BTC breaks out above the upper boundary of this flag, the measured move target projects a rally toward the $115,000 level. Reaching this target would represent a new all-time high for Bitcoin, signaling a continuation of the broader uptrend.
4H Fair Value Gap (FVG), Downside Scenario
Although the overall structure favors a bullish outcome, it is important to acknowledge the potential for a short-term retracement. On the 4-hour chart, there is a Fair Value Gap (FVG) between $105,700 and $106,800. If BTC fails to break out immediately, this zone becomes a logical area to monitor.
Price may revisit this imbalance to fill the gap left behind by the recent upward move. A dip into this area could present a strong opportunity for long entries, particularly if buyers step in with conviction. Filling this FVG would allow for a more balanced structure before BTC attempts a sustained move higher.
Conclusion
BTC continues to show impressive resilience as it consolidates near its prior highs. The presence of a bull flag on the lower timeframes, coupled with minimal downside volatility, suggests that a breakout above resistance is becoming increasingly likely.
However, reclaiming the previous all-time high remains a critical step before targeting the projected $115,000 level. How BTC reacts to that key resistance area will provide important insight into the strength of this rally.
At this stage, the bullish case remains the higher probability scenario, while any short-term pullback into the FVG zone could offer a healthy reset and a potential long setup for continuation toward new highs.
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Lemonade Inc.: Breakout in Motion — Cup, Flag, and No BrakesLemonade Inc. (LMND) is accelerating after a clean breakout from a textbook cup with handle pattern, where the handle formed as a tight bullish flag. The breakout occurred around $32, and since then, price action has been sharp, controlled, and uncorrected — currently trading at $42.42 with buyers clearly in charge.
On the fundamental side, LMND is moving through a recovery phase: operational losses are narrowing, revenue is stabilizing, and the company is aggressively leveraging AI to automate its insurance processes. Expansion into Europe continues, and institutional interest is visibly rising — confirmed by volume building alongside price. Within the insuretech sector, LMND is starting to look like a comeback story rather than a cautionary tale.
Technically, the setup remains strong:
– Golden Cross confirmed (EMA50 crossing EMA200)
– EMA50/100/200 all below price — bullish structure firmly intact
– Volume expanding on up-days — healthy confirmation
– RSI hovering in the 60–65 range — momentum is intact, no signs of exhaustion
Targets remain aligned with the structure:
– tp1 = $64 — measured move from the flag
– tp2 = $94 — full realization of the cup pattern
Tactically, this is no longer a “wait and see” setup — the move is in progress. No correction so far, only continuation. Momentum traders may consider entries into strength. Above $45, the move could accelerate further as more participants recognize the structure.
LMND is showing technical and fundamental alignment — confirmed breakout, improving narrative, and strong trend structure. While the impulse holds, this chart favors continuation, not hesitation.
PNUT/USDT – Bullish Breakout from Falling Channel!PNUT Breakout Alert – 200% Potential on the Table
Hey Traders — if you're into high-conviction setups with real momentum, this one’s for you.
PNUT has officially broken out of a textbook falling channel after a healthy consolidation. This pattern often signals trend reversal and renewed bullish momentum — and PNUT looks ready to move.
🔹 Pattern: Falling Channel
🔹 Breakout Confirmation: Clear candle close above resistance
🔹 Previous Move: +204% before entering the channel
🔹 Current Setup: Long entry with defined risk-to-reward
🔹 Target: ~0.85
🔹 Stop: Just below the breakout zone
🧠 Technical Perspective:
Volume uptick during breakout confirms buyer strength
Strong support retest zone around 0.28–0.29
Holding above this range could fuel a significant leg higher
📌 This setup offers a clean structure with a high R:R potential. PNUT has proven it can move fast — now it’s about following the breakout with tight risk management.
📥 Add to your watchlist and let price action lead the way.
TOST getting toastyTOST Technical Analysis (Breakout Setup):
Current Pattern: Bull flag forming after a strong breakout from the $40.50 zone with increasing volume.
Resistance: $44.33 – key level to break for momentum continuation.
Support levels:
$42.00 (top of previous consolidation zone)
$40.55 (bull flag base and breakout pivot)
Ideal Breakout Play:
Watch for breakout above the flag’s upper trendline, ideally clearing $44.33 with volume.
A daily close above $44.33 confirms continuation — target $47–48 short-term, with potential run to $50 psychological.
Invalidation:
Break below $40.55 on volume negates the setup, suggesting failed breakout.
Favorable Path:
Consolidate slightly → Break flag above $44.33 → Ride momentum to $47–48. Risk/reward favors long bias above $44.33.
💡 This is a textbook bull flag following a high-volume breakout — high probability if volume confirms the breakout.
GU Bulls Raise "Flag" Eyeing Higher PricesFX:GBPUSD has formed a Bull Flag and we could be getting ready to see the Bulls take the spotlight!
After Price broke through the Previous Level of Structure, Price retraces the High of 1.35589 to the 50% Fibonacci Level @ 1.35022 and is supported pushing Price back up from the Previous Level of Structure.
-The 50% retracement signals the end of the Consolidation Phase of the Pattern.
Now with a Bull Flag being a Continuation Pattern, we can suspect that Price will give us a Bullish Breakout of the Descending Channel and Retest before moving higher Confirming the Pattern and once the Breakout is Validated!
Based off the "Flagpole" of the Pattern, if a Bullish Breakout is Validated and the Retest is Successful, the extension of the Set-up would place the Price Target @ 1.3640 which is at the next big level of Resistance.
GOLD- BULL SIGN - BUY CALL - Bullish Flag patternMarket is making a Bullish Flag Pattern and it seems when breaksout with a Buy Stop order, it will move to its projected TPs
XAUUSD Bullish Flag Breakout – $4,300 Target in SightGold (XAU/USD) continues its strong bullish momentum in 2025, and the current price structure reveals a classic bullish flag pattern on the daily chart, suggesting further upside. This setup presents a potential continuation of the prevailing uptrend, possibly leading to new all-time highs in the coming months.
🟢 1. Clear Bullish Trend Foundation
Gold has been in a strong uptrend since late 2024, supported by:
Global inflationary pressures.
Geopolitical instability.
Central bank gold purchases and dollar weakness.
This uptrend is visually supported by a well-defined rising structure, with higher highs and higher lows.
📐 2. Bullish Flag Pattern Formation
The current price action has formed a bullish flag, a bullish continuation pattern that appears after a sharp rally. The flag represents a period of consolidation or pullback before the next impulsive move up.
The flagpole is the sharp rally that took place from mid-February to April 2025.
The flag itself is a downward-sloping channel or wedge, indicating temporary profit-taking or market indecision.
Volume typically decreases during the flag formation, then surges on breakout—confirming trend continuation.
This pattern is now showing signs of a breakout to the upside, suggesting the bulls are regaining control.
🔍 3. Key Technical Levels
🔹 Major Resistance Zone (~3,500–3,600):
This zone has acted as a supply region in the past.
Price is now testing this level and attempting a breakout.
A successful retest of this zone as new support will confirm the breakout.
🎯 Projected Target: $4,300+
Measured move target based on the flagpole’s height.
Clean projection points to the 4,300–4,350 area as the next major upside objective.
🛑 Support & Stop-Loss :
Strong support exists around $3,125, aligning with the flag base.
This area is a logical stop-loss zone for traders entering on the breakout.
🔁 4. Expected Price Behavior
Breakout: Price is expected to break above the flag resistance and the horizontal supply zone.
Retest Phase: A pullback toward the breakout zone (~3,600) could occur before the next impulsive move. This would offer a prime buy-on-dip opportunity.
Final Impulse: A sharp rally could follow, targeting the 4,300+ region.
💡 5. Trading Psychology Behind the Setup
During the flag formation, short-term traders take profit, and new buyers hesitate due to perceived overbought conditions.
However, the overall market sentiment remains bullish, with larger players accumulating during dips.
Once the resistance breaks, fear of missing out (FOMO) often drives prices sharply higher.
⚠️ 6. Risk Factors to Watch
Sudden USD strength or rising real yields.
Geopolitical de-escalation that reduces safe-haven demand.
FOMC rate surprises or unexpected hawkish policy shifts.
✅ Conclusion: Bullish Breakout Setup in Play
Gold is poised for another leg up after completing a textbook bullish flag pattern. With macroeconomic tailwinds and a solid technical base, this setup offers a high-probability long opportunity targeting the $4,300 zone. Watch for a confirmed breakout and possible retest to load long positions with solid risk-reward.
BTC is in an ascending triangle and we are an upward movement.Bitcoin is currently in an ascending triangle pattern, which is a bullish continuation pattern in technical analysis. This suggests that buyers are gaining strength and there is a high probability of an upward breakout. The fact that we're already seeing an upward movement supports the idea that a new uptrend may be starting.
In short:
Bitcoin is forming an ascending triangle, and we're witnessing an upward price movement, which could signal the beginning of a stronger bullish trend.
XAUUSD Breakout from Bullish Flag – Eyes on $3,387Gold (XAUUSD) on the 1H timeframe is exhibiting a strong bullish continuation setup, supported by multiple confluences that suggest the uptrend is far from over. The chart clearly shows the market breaking out from a Bullish Flag Pattern, respecting curve support, and targeting the major resistance zone near $3,387.
🔍 Technical Breakdown:
1. Bullish Flag Pattern Formation
After a sharp bullish impulse, price consolidated in a tight downward-sloping channel — the classic bullish flag. This pattern typically appears mid-trend and signals a healthy pause before the next leg higher. The breakout from the flag confirms bullish continuation, often offering a high-probability trade entry.
2. Break of Structure (BOS)
The breakout above minor resistance marked a Break of Structure (BOS), which is a key bullish signal. It indicates a shift in market sentiment and validates the end of the corrective phase (flag) and beginning of the next impulse wave.
3. Curve Support (Parabolic Trajectory)
A parabolic curve support is now guiding price upward, showing increasing bullish pressure and higher lows forming consistently. This type of dynamic support often appears in strong trending markets where buyers step in aggressively at every pullback.
4. Liquidity Sweep & Smart Money Behavior
Before the breakout, price dipped below recent lows within the flag, likely sweeping liquidity and triggering stop-losses. This move provided institutional players with the liquidity needed to push price higher — a classic smart money trap-and-break scenario.
5. Volume & Momentum Confirmation
The breakout occurred with strong bullish momentum and rising volume (if checked on the volume profile), reinforcing the credibility of this move. A momentum-based continuation is likely as long as price remains above previous resistance (now support).
🎯 Target & Resistance Levels:
Short-Term Target: $3,387 — aligned with the previous major resistance area
Support Zone: $3,260–$3,275 (previous flag breakout + structure support)
Major Resistance Zone: Around $3,360–$3,387 (historical supply zone)
🧠 Trade Idea / Strategy:
As long as price holds above the curve support and retests the previous breakout zone (flag top or minor resistance), bullish entries on pullbacks are favored.
✅ Buy on dips into curve support or minor resistance retests.
❌ Avoid shorting into a strong parabolic structure unless signs of exhaustion appear.
🎯 Potential RR setups: 1:2 and beyond if entry is timed well.
💬 Conclusion:
The market structure, pattern confirmation, and strong bullish momentum all point toward a continuation move toward the $3,387 level. This setup provides a solid technical case for bullish trades with multiple entry options and well-defined risk levels. Keep an eye on curve support and potential higher timeframe resistance reactions for dynamic trade management.
XAUUSD – Bullish Flag Breakout & Black curve Line | Target Gold (XAUUSD) is currently shaping a textbook bullish flag pattern on the daily chart, signaling a potential continuation of the strong uptrend that started late last year. This setup, when combined with the custom-drawn Black Mind Curve, provides a structured and disciplined approach for identifying entry, retest, stop loss, and profit targets. Let’s break it down in detail:
🔍 1. Flagpole: The Impulse Move
The rally from around $2,550 in December 2024 to nearly $3,330 in April 2025 formed a steep and aggressive uptrend, which now serves as the flagpole of our pattern.
This impulsive wave represents strong buying momentum and is the backbone of the entire bullish flag structure. It shows institutional interest and heavy volume participation in gold, likely driven by macroeconomic factors such as inflation hedging, USD weakness, or geopolitical uncertainty.
🔷 2. Bullish Flag: The Consolidation Zone
Following the peak, gold entered a consolidation phase, forming two parallel descending trendlines, indicating healthy profit-taking and temporary market indecision. This is not a reversal but rather a pause in the trend, often seen before the next leg higher.
This down-sloping consolidation resembles a flag pattern—a reliable bullish continuation formation where the price temporarily contracts before a breakout.
The flag pattern is still valid as long as price remains inside or breaks above the upper boundary with momentum.
📈 3. Breakout Signal and Retesting Level
As of now, price is testing the upper boundary of the flag. A bullish breakout is anticipated once price closes above the $3,300–$3,350 resistance zone.
Following the breakout, a pullback to retest this same level is expected, forming a new support zone—a classic "breakout–retest–rally" setup.
💡 Retest Zone:
$3,300 to $3,350
This is your key zone to watch for confirmation. A bounce here could offer the best risk-reward entry.
🛡️ 4. Stop Loss Placement: Protecting Your Capital
To manage risk effectively, the stop loss should be placed below the lower boundary of the flag, and ideally just under the psychological round number at $2,970.
This protects your trade from a false breakout or sudden trend reversal while keeping the risk/reward ratio favorable.
🎯 5. Target Projection: Measured Move Strategy
We use the height of the flagpole (approximately $750) and project it upward from the breakout point to estimate the target price.
📌 Target Level:
$4,318 (approx.)
This aligns with technical confluence and psychological resistance above the $4,300 level.
If momentum remains strong and the macro environment continues to support gold prices, this level is a very realistic short-to-medium-term target.
🧠 6. The Black Mind Curve: A Unique Trend Framework
The chart features a custom “Black Mind Curve”, a smooth parabolic line following the overall trend structure. This curve acts as a visual guide for trend strength, suggesting that gold is respecting a higher time frame uptrend trajectory.
It helps reinforce that the bullish structure is still intact—even during short-term pullbacks—by mapping the psychological rhythm of market participants.
This curve is especially useful for swing traders who need to maintain conviction during consolidations.
🧠 Trading Psychology (Mind Framework):
"Charts show the facts; your mind interprets the truth."
Here’s the psychological approach for this trade:
Recognize the Setup: Bullish flag is forming—observe, don’t rush.
Wait for Confirmation: Let price break out and retest—avoid FOMO.
Act on Logic: Enter with defined stop and target—keep emotions out.
Stay Disciplined: Don’t move stop loss irrationally—trust your setup.
Let the Market Work: Once the trade is active, manage it calmly.
🔁 Summary of Trade Plan:
✅ Entry: On confirmed breakout and successful retest of $3,300–$3,350
✅ Stop Loss: Below $2,970
✅ Target: $4,318
✅ Pattern Type: Bullish Flag + Trend Curve Support
✅ Risk-Reward Ratio: ~1:3+ (Ideal setup)
📝 Final Thoughts:
This is a high-probability bullish continuation pattern supported by strong technical structure and psychological market behavior. The breakout is likely to attract institutional flows, especially if it aligns with fundamental tailwinds like falling interest rates or rising inflation.
Stay patient, wait for the retest confirmation, and trade with discipline. Gold is poised for a potential new leg higher—and this setup provides a structured roadmap to ride that move confidently.
ETH/USDT: BULL FLAG BREAKOUT!!🚀 Hey Traders! 👋
If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥
🔥 #ETHUSDT UPDATE – Ready for the Next Leg?
ETH surged nearly 48% recently and is now consolidating inside a clean parallel channel. After a healthy sideways move, price is starting to push the upper resistance again — a breakout from here could trigger the next rally phase! 🚀
🔸 Pattern: Bullish Flag/Parallel Channel
🔸 Current Structure: Post-pump consolidation
🔸 Watch for: Break above the upper yellow line for confirmation
🔸 Targets: $2,750 – $2,880+
🔸 Invalidation: Break below channel support and $2,430
📈 If bulls hold this zone, we could witness another explosive move! Keep it on your radar.
💬 What do you think? Is ETH gearing up for a breakout? Drop your thoughts below!
📌 Follow for more high-probability setups!
PIXEL Breakout Alert: Ready for the Next Leg Up?🚀 PIXEL Breakout Alert – 100% Potential Incoming?! 👀🔥
Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯
PIXEL has broken out from a bull flag on the 4H timeframe after consolidating for weeks. This clean breakout signals a potential trend reversal with strong upside momentum building. 💥
Trade Setup:
👉 Entry: $0.0380–$0.0400 (post-breakout zone)
🎯 Targets:
$0.0455
$0.0520
$0.0630
$0.0770
🛡 Stop-loss: $0.0360 (below channel re-entry)
Why I Like It:
Clear breakout of the falling channel
Strong volume surge confirms momentum
Previous 100% move shows solid potential
If BTC stays stable, this one looks set for a strong run! 🚀 Keep it on your radar.
Mastering chart patterns - How to use them in trading!Chart patterns are visual formations created by the price movements of a financial asset—like a stock, currency, or cryptocurrency, on a price chart. Traders use these patterns in technical analysis to predict future market direction based on historical behavior. The main chart patterns are the reversal and continuation patterns.
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What will we discuss?
- Bullish reversal patterns
- Bearish reversal patterns
- Bullish continuation patterns
- Bearish continuation patterns
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Bullish reversal patterns:
Double bottom
A double bottom in trading is a bullish reversal pattern that signals the potential end of a downtrend and the beginning of an uptrend. It forms when the price of an asset falls to a low, bounces back up, then drops again to roughly the same low before rising once more. This creates a "W" shape on the chart.
How to trade it:
Before entering a trade, wait for the price to break back above the neckline with strong volume, as this indicates a potential bullish reversal. Once the breakout is confirmed, look for an entry on the pullback to the neckline.
Inverted head and shoulders
An inverted head and shoulders is a bullish reversal pattern that typically forms after a downtrend and signals a possible shift to an uptrend.
It consists of three parts:
* The left shoulder, where the price makes a low and then bounces.
* The head, which is a deeper low followed by another bounce.
* The right shoulder, a higher low similar in level to the left shoulder.
How to trade it:
Before entering a trade, wait for the price to break above the neckline with strong volume, as this confirms the pattern and signals a potential upward move. After the breakout, it's important to wait for a retest of the neckline to look for an entry. Traders typically place a stop-loss just below the right shoulder to manage risk.
Falling wedge
A falling wedge is a bullish chart pattern that often signals a potential reversal or continuation of an uptrend, depending on where it forms in a price trend.
It appears when the price is moving lower but within a narrowing range, creating two downward-sloping, converging trendlines. Both the highs and lows are falling, but the lower highs are coming down faster than the lower lows, which shows that selling pressure is losing strength over time.
How to trade it:
Wait for the falling wedge to break above the downward trendline and for the price to reclaim the most recent lower high. A breakout alone isn’t always reliable, sometimes the price moves briefly above the trendline without making a higher high, resulting in a fake-out. To confirm the move, wait for a clear higher high and then look to enter on the retracement that follows.
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Bearish reversal patterns
Double top
A double top is a bearish reversal pattern that signals a potential shift from an uptrend to a downtrend.
It forms when the price reaches a high, pulls back, then rallies again to the same or similar high but fails to break above it. This creates an "M" shape on the chart. The neckline is the support level at the low point between the two peaks. When the price breaks below this neckline with strong volume, it confirms the pattern and suggests that selling pressure is taking over.
How to trade it:
Before entering a trade, wait for the price to break below the neckline with strong volume, as this indicates a potential bearish reversal. Once the breakout is confirmed, look for an entry on the pullback to the neckline.
Head and shoulders
A head and shoulders is a bearish reversal pattern that typically forms after an uptrend and signals a potential shift to a downtrend.
It consists of three peaks:
* The left shoulder, where the price rises and then falls.
* The head, which is a higher peak followed by another decline.
* The right shoulder, a lower high that is roughly equal in height to the left shoulder.
How to trade it:
Before entering a trade, wait for the price to break below the neckline with strong volume, as this confirms the pattern and signals a potential downside move, After the breakout, it’s important to wait for a retest of the neckline to look for an entry. Traders typically place a stop-loss just above the right shoulder to manage risk
Rising wedge
A rising wedge is a bearish chart pattern that often signals a potential reversal or continuation of an downtrend, depending on where it forms in a price trend.
It appears when the price is moving higher but within a narrowing range, creating two upward-sloping, converging trendlines. Both the highs and lows are rising, but the highs are increasing at a faster rate than the lows. This suggests that buying pressure is weakening over time, and the market may be preparing for a downturn.
How to trade it:
Wait for the rising wedge to break below the upsloping trendline and for the price to reclaim the most recent high low. A breakout alone isn’t always reliable, sometimes the price moves briefly below the trendline without making a lower low, resulting in a fake-out. To confirm the move, wait for a clear lower low and then look to enter on the retracement that follows.
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Bullish continuation patterns
Bullflag
A bull flag is a continuation pattern that signals the potential for a price to continue moving upward after a brief consolidation or pullback.
It forms when the price experiences a strong upward move (the flagpole), followed by a period of consolidation or a slight downward movement (the flag). The flag typically slopes downward or moves sideways, and the consolidation phase usually occurs within two parallel trendlines, creating a rectangle or slight downward channel.
How to trade it?
Before entering a position, wait for the price to break above the downsloping trendline and establish a higher high. If the price doesn’t make a higher high, it could be a fake-out. Once a higher high is confirmed, look for an entry on the retracement. The target is typically the length of the flagpole projected upward from the breakout point.
Bullish pennant
A bullish pennant is a continuation pattern that indicates the potential for a price to continue its upward trend after a brief consolidation. It forms when a strong upward move (the flagpole) is followed by a period of consolidation, where the price moves within converging trendlines, creating a small symmetrical triangle or pennant shape. The consolidation typically shows lower highs and higher lows, and the pattern suggests that the market is taking a "breather" before continuing its upward momentum.
How to trade it?
Before entering a position, wait for the price to break above the downsloping trendline and establish a higher high. If the price doesn’t make a higher high, it could be a fake-out. Once a higher high is confirmed, look for an entry on the retracement. The target is typically the length of the flagpole projected upward form the breakout point.
Ascending triangle
An ascending triangle is a bullish continuation pattern that typically forms during an uptrend, signaling that the price is likely to continue moving higher.
It is characterized by a horizontal resistance line at the top, formed by a series of peaks at roughly the same price level, and an ascending support line at the bottom, formed by higher lows. This creates a triangle shape, where the price is gradually compressing between the horizontal resistance and the rising support.
How to trade it?
Before entering a position, wait for the price to break above the horizontal resistance level with strong volume. Once the breakout occurs, look for an entry on the retracement back to this area.
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Bearish continuation patterns
Bearflag
A bear flag is a bearish continuation pattern that suggests the price is likely to continue moving downward after a brief consolidation or upward pullback.
It forms when there is a strong downward move (the flagpole), followed by a period of consolidation or slight upward movement (the flag). The flag typically slopes upward or moves sideways, and the consolidation occurs within two parallel trendlines, creating a rectangular or upward-sloping channel. This pattern shows that, despite the short-term pullback, the overall downtrend remains intact.
How to trade it?
Before entering a position, wait for the price to break below the upsloping trendline and establish a lower low. If the price doesn’t make a lower low, it could be a fake-out. Once a lower low is confirmed, look for an entry on the retracement. The target is typically the length of the flagpole projected downward for the breakout point.
Bearish pennant
A bearish pennant is a bearish continuation pattern that signals a potential continuation of a downtrend after a brief consolidation.
It forms when there is a strong downward move (the flagpole), followed by a period of consolidation where the price moves within converging trendlines, creating a small symmetrical triangle or pennant shape. The consolidation typically shows lower highs and higher lows, indicating that the price is taking a pause before continuing its downward movement.
How to trade it?
Before entering a position, wait for the price to break below the upsloping trendline and establish a lower low. If the price doesn’t make a lower low, it could be a fake-out. Once a lower low is confirmed, look for an entry on the retracement. The target is typically the length of the flagpole projected downward for the breakout point.
Descending triangle
A descending triangle is a bearish continuation pattern that typically forms during a downtrend, indicating that the price is likely to continue moving lower after a period of consolidation.
The pattern is characterized by a horizontal support line at the bottom, formed by a series of lows at approximately the same price level, and a descending resistance line at the top, formed by a series of lower highs. The price contracts between these two trendlines, creating a triangle shape with a downward-sloping upper boundary and a flat lower boundary.
How to trade it?
Before entering a position, wait for the price to break below the horizontal support level with strong volume. Once the breakout occurs, look for an entry on the retracement back to this area.
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Breakout of Bullish Pennant done successfully.
Breakout of Bullish Pennant done successfully.
However, now retest is possible around 90 - 92
& then may be around 87-88
Upside targets can be around 102 - 103
& then 115+
Even in extreme case, it should not break 74.
ENJ Spike 63% Gearing For 300% Surge Amidst Bullish Flag PatternThe price of Enjin coin ( NYSE:ENJ ) broke out of a bullish flag pattern surging 63% for the past 24 hours. With growing momentum, the asset is gearing for a 300% breakout.
One key factor contributing to the surge is the launch of the Enjin NFT SDK, which enables seamless integration of non-fungible tokens (NFTs) into various platforms, paving way for NFT's on the ENJ ecosystem.
As of the time of writing, NYSE:ENJ is up 19% setting the course for a 300% breakout. The asset has formed a perfect bullish flag pattern with the ceiling of the pattern already broken, NYSE:ENJ will be aiming for the $0.32 resistant and beyond.
With growing momentum as hinted by the RSI at 71.89, NYSE:ENJ might just be the asset to look out for this week.
What is Enjin ( NYSE:ENJ )
Enjin is a blockchain platform that makes it easy for developers to integrate NFTs and digital assets into their games and apps.
The platform provides tools for creating wallets, minting tokens, and managing transactions without requiring users to understand complex blockchain technology.
EURJPY still bullish view
OANDA:EURJPY first analysis attached, in new analysis, we have new structures created (BULLISH FLAG, ZONE, TREND LINE), both pairs dominant in market, personally here still bullish i am.
SUP zone: 160.350
RES zone: 163.400, 164.100
CADJPY structures created, having bullish view
Coming again on OANDA:CADJPY , analysis before this one closed manually, now having batter situation and sharing new view based on price action and patterns.
Few times price is bounce on zone 102.450. Now we have BULLISH FLAG (better visible on 2,1H TF) and we have TRIANGL formation, tomorrow BAC rate cut and some pairs like EUR and GBP versus CAD looks like will go bearish.
View is here bullish for this week.
SUP zone: 102.400
RES zone: 104.250, 105.000
