We are currently in a bullish pennant and I believe we are going to breakout to the upside. With the hype around the cannabis sector, it's not likely we will see a major correction before hitting all time high. Weekly Ichimoku cloud also indicates that we are in bullish trend for weeks and month to come. Be patient and manage wisely :) This is an analysis, not...
Hello Guys, today i'm gonna charting on $PTSN indonesian stock. it's recent huge gains with almost 600% up in recent months because of it's company fundamental good news which is the company prime export it's smarthome routers to United States according to the last month company news. it's wireless routers can support the realization of smarthome connection...
Analysis — XAUUSD | H4 | BULLISH Target @ 1311.50 This is the 100.00% Fibonacci. This analysis has been established through our trend-based Fibonacci. In addition to this is a classic example of a bullish pennant — a pattern every trader must memorise in Forex nursery school. The price has been in consolidation amongst the 50.0% Fibonacci; This key level has...
Ada already broke the downtrend resistance and drawing a bull pennant atm. Possible targets and stop level can be seen at the chart. Good luck.
If bull pennant in play, new target would be as pictured.
Hi Guys . XAUUSD is getting ready to break the bullish pennant . Wait for the breakout and go long . Hope y'll find this useful . G'day Guys
We wanted to see the price action rise above this horizontal purple line to achieve a higher high on the 4hr chart and with the current 4hr breakout candle we have seen just that. A great sign for the bulls. However to securely reach a higher high on the chart that really matters(the 1 day chart). We're gonna need to get price action above this pink horizontal...
USD bulls are preparing to break out of 110 by forming a bullish pennant. Waiting for price action to break out of the pennant and bounce off resistances as shown on the chart. Target is near R5 and around 110.9. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my mistakes and learn more...
It BTC breaks up this BULL pennant, probably we will it in 4000$ Volume is enough or otherwise, we will see a new lower bottom if it is broken down... What do you think? Don´t forget hit the like. ;) Regards
After a bullish run AMD has been trading sideways in the last 4/5 days. I'd trade a bullish breakout from this level.
We currently have 2 4hr chart bull patterns forming a little falling wedge bull pennant pattern(in yellow) and a potential small 4hr inverted head and shoulders pattern....a breakup at the right point from the falling wedge pennant could give the bulls enough breakup momentum to get above the neckline of the 4hr inverted head and shoulders and even potentially...
The breakout targets are still roughly pretty close to eachother even though price action on the flag is now looking more like a symmetrical pennant. I anticipate a break upward from the pennant no later than tomorrow but possibly tonight. That will put us above the neckline of the inverted head and shoulder pattern...I'm still not completely confident we will...
All indicators are bullish . If on the chart is bullish penant, potential target can be around 700 sats . I´m in TRX with light leverage. If it will go down, I´ll buy more. Conservative traders should BUY TRX after breakout and place stoploss under support trendline . BUT be carefull with fake breakdowns!
So dusting off the old charts here. My Script is for entry predictions. After the H1 candles called a short twice i went down to the M30 which put in a shooting star . So i took my loses and went long 2 micros. This is the first time I've traded since early to mid summer. Went down to the M15 and got a buy signal. Went down to the M5 for closer monitoring....
Another update to a post from earlier - Another way of looking at the same thing. A Bull Flag is painting on the 15-30 Min Charts We will see how this plays out, however, we are long at this time.
TSLA seems to be one of the few stocks that is within a bullish price action structure while the rest of the market is getting smashed. This to me looks like a bullish pennant, and if TSLA can continue to hold the rising line of support and its 200 weekly MA, it could be set up to succeed as the rest of the market falls off. We can see TSLA got rejected once more...
BINANCE:LINKBTC is making crazy moves upwards, unlike many alts which have just moving a few percentage points to BITFINEX:BTCUSD during the recent surge. I believe the BINANCE:LINKBTC price will definitely continue to follow BITFINEX:BTCUSD and the overall market cap, however if you take a look at this chart... Clearly, LINK broke out from a bullish...
So, it looks like the big pump we had that was caused by a short squeeze and strong resistance levels is seeing some resistance here. Many traders are calling for levels as high as 4500, 5100, and even 6k. It appeared to me before that we had a bull flag with a big bear trap, but then this even bigger BULL trap came along and I'm left not knowing what to think. If...