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Flag-breakout

DXY - Head & Shoulders Entry in Bullish Flag Pattern Hey guys, bigger picture here on the DXY we have just violated an inside level of structure which allows me to make the prediction that price is likely to continue higher to our next higher level of previous structure resistance. Recently we've seen a little relief in the market in the form of a bullish flag pattern. Currently at the lower end of this flag pattern we're forming a head & shoulders bottom pattern which can be used as a setup in it's own right or as an entry reason into the bigger flag pattern setup. Your Trading Coach - Akil
TVC:DXYLong
by Akil_Stokes
2
ADA/BTC Update: Breakout of consolidation flag. What's next?Cardano broke out of it's Head and Shoulders pattern some weeks ago. We've seen a consolidating bullflag which stayed for some weeks. Finally ADA broke out of it and continues it's upwards move. Smart contracts are set for August this year which is still some time. Since we did not breakt fully through the nearby resistance we also could see a pullback before we finally get through. Cardano is one of the most bullish longterm coins. Already done: - Mary Hardfork - Coinbase listing - Africal Special - 100% decentralised Upcoming: - Smart contracts - Grayscale Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
📚 Impulsive & Corrective Breaks - How To Identify & Trade Them 📚What is an Impulse? An impulse is defined as a strong move whereby the market moves quite strongly or heavily in one direction, covering a great distance in a short period of time. Typically, when there's a trend reversal occurring, we require an impulse in the opposite direction of the trend, indicating to us that there's a possible trend reversal. The question we face now is "What does an impulse need to look like for there to be a trend reversal?". Throughout my years in trading, I've found that if a significant level is broken during the impulse, we can expect a follow through of that impulse after a brief correction or a retest. In the Impulse diagrams, you can see that I've marked out a recent significant level where price reacted. When there was an impulse, I kept an eye on the level to see if it breaks. If it did not break, I can assume that the impulse wasn't strong enough to create a trend reversal and it is merely a bigger more aggressive correction. However, if the level did break along with the trendline, we can assume that there is a trend reversal taking place and we should keep our focus on the key level and price action for corrections such as flags, pennants , channels etc. Please see chart updates for examples of Impulsive Breaks and how to trade them. What is a Correction? A correction is defined as a relatively short-term movement of the market in the direction opposite to the main trend. To identify whether a break of a trendline is an impulsive break of corrective break, we must also identify the key level by looking at a significant level where price reacts. If the impulse that breaks the trendline does NOT break the level, we can assume that the trend isn't ready to reverse yet and it is a corrective break. Often a corrective break ends up with an impulse breaking the significant level, at which time we can look for a correction to take our trade. See chart updates below for examples of corrective breaks and how to trade them. Please leave a like and comment what you think! As always, Goodluck and trade safe! Mr Wick.
Education
by WicktatorFX
140
📚 Impulsive & Corrective Breaks - How To Identify & Trade Them 📚What is an Impulse? An impulse is defined as a strong move whereby the market moves quite strongly or heavily in one direction, covering a great distance in a short period of time. Typically, when there's a trend reversal occurring, we require an impulse in the opposite direction of the trend, indicating to us that there's a possible trend reversal. The question we face now is "What does an impulse need to look like for there to be a trend reversal?". Throughout my years in trading, I've found that if a significant level is broken during the impulse, we can expect a follow through of that impulse after a brief correction or a retest. In the Impulse diagrams, you can see that I've marked out a recent significant level where price reacted. When there was an impulse, I kept an eye on the level to see if it breaks. If it did not break , I can assume that the impulse wasn't strong enough to create a trend reversal and it is merely a bigger more aggressive correction. However, if the level did break along with the trendline, we can assume that there is a trend reversal taking place and we should keep our focus on the key level and price action for corrections such as flags, pennants, channels etc. Please see chart updates for examples of Impulsive Breaks and how to trade them. What is a Correction? A correction is defined as a relatively short-term movement of the market in the direction opposite to the main trend. To identify whether a break of a trendline is an impulsive break of corrective break, we must also identify the key level by looking at a significant level where price reacts. If the impulse that breaks the trendline does NOT break the level, we can assume that the trend isn't ready to reverse yet and it is a corrective break. Often a corrective break ends up with an impulse breaking the significant level, at which time we can look for a correction to take our trade. See chart updates below for examples of corrective breaks and how to trade them. Please leave a like and comment what you think! As always, Goodluck and trade safe! Mr Wick.
Education
by WicktatorFX
56
EUR-NZD Bear Flag+ Strong Resistance! Sell! Hello, Traders! EUR-NZD is trading in a falling wedge And it has bounced off a key daily support level After this pullback, the pair is trading below a resistance confluence And has formed a bear flag pattern Which suggest bearish continuation Thus, I expect the pair to retest the key support level With 3 targets in sight Sell after breakout! Like, comment and subscribe to boost your trading! See other ideas below too!
Short
by TopTradingSignals
19
NZD-USD Strong Bullish Bias!Buy! Hello, Traders! NZD-USD presents us an interesting case for technical analysis! We can see that the pair broke out of the falling resistance, which is very bullish Then retested it, and formed a bullish flag pattern Now, we are seeing a breakout of this flag to the upside And attempt of breaking out of the horizontal resistance Which is the last bastion of the pair on its way UP Overall, NZD is very bullish and strong So here, I am expecting bullish continuation after the confirmed breakout OF the horizontal resistance With 3 targets in sight, but I think it will go much higher! BUY! Like, comment and subscribe to boost your trading! See other ideas below too!
Long
by TopTradingSignals
8
GOLD Chart Everyone NEEDS To See! Hello, Traders! GOLD broke out of the bear flag, just as I predicted before, And the falling stopped and reversed at the support confluence Of the two falling support lines And I think the bullish impulse might continue until Gold reaches the rising resistance From where I think it will fall again. Before this level is broken UP I will be bearish mid-term IF you are already holding a long trade, take a look at Gold on 1H chart It is forming a bear wedge which makes me suspicious about the further Upward potential And If you are not in a position, wait to see if gold retest the resistance Then, it would be a good idea to go short! Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
OANDA:XAUUSDShort
by TopTradingSignals
20