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Flag-breakout

NAS100 - 4 Hour - Bat Pattern Within High & Tight Flag PatternIt's hard to show the bigger & smaller picture here without having a very ugly looking chart, but the NAS100 has been bullish lately & is now forming a sideways channel at the end of it's last extension higher. This formation is called a high & tight flag formation & it's one of my favorite setups for breakout/Continuation trading. Something that we also know is that Advanced Pattern formations often form during periods of consolidation in the market & what we currently have forming is a potential bullish bat pattern with a completion point towards the lower end of the channels range. Entering at the bottom of the range is risky because it doesn't provide confirmation of a bullish breakout, but what it does provide is an opportunity to create an excellent risk to reward situation. Because this is an index (which is typically more directional) I look at a conservative target being the retest of the channels highs & using an active trade management method to trail stops while you look to be involved in the continued move higher. I hope you guys have a great weekend & as always if you have any questions, comments or just want to share your analysis, please leave them below. Your Trading Coach - Akil
OANDA:NAS100USDLong
by Akil_Stokes
CIEN - Flag Breakout$CIEN - Clear breakout of flag pattern. I'll be entering after the open with stop below the local low price around $40. I think it could hit $57.00 by the end of the year. If you found this to be insightful or helpful, please show appreciation by hitting the like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation!
NYSE:CIENLong
by chartsareforships
2
China Internet ETF - Bull flagTechnical analysis We tested resistance approximately at the $50 limit; and broke it on Thursday, January 2nd. Now this resistance has become out short-term support. A bull flag is forming today, as a continuation of the bull pattern. Top 10 Portfolio holdings Name - Symbol - % of ETF assets Meituan Dianping - 03690 - 10.43% Alibaba - BABA - 10.19% Tencent Holdings - 00700 - 8.83% Baidu - BIDU - 7.46% JD.com - JD - 6.58% Pinduoduo - PDD - 6.56% Tal Education Group - TAL - 4.27% NetEase Inc - NTES - 4.21% Trip.com - TCOM - 3.45% 58.com - WUBA - 3.36% Top 10 holdings % total = 65.36% Market cap weighings = 65% giant cap / 25% large cap / 10% medium cap
AMEX:KWEBLong
by dorfmanmaster
A long-term base and short-term breakout bode well for Walgreens Walgreens Boots has been basing since April with a Double Bottom form ing from May to August. The stock exceeded the intermittent high, but this breakout did not hold as WAG fell back with a bull flag. The bull flag breakout reversed the short-term downtrend in mid October and WAG is again challenging resistance. I expect a breakout from this large base and would target a move to the lows 60s. A close below 53 would call for a re-evaluation.
WLong
by trendinvestorpro
Bull flag break outMy last publish from yesterday analyzed a bull flag on the 1 hour chart - it broke out last night. This chart is the 4 hour, but as you can see, that long-term trend line dating back to December is creating issues for it rising any higher. I think this morning's non-farm payroll and then Powell's speech will determine if ES and SPY have enough gas in the tank to punch thru that trend line. But, who knows how the market will react in these illogical times. Rational is not in anyone's vocabulary as of late... I see 2 options: 1) Non-farm smashes expectations and Fed cuts 25 BP... MAYBE!! Another non-farm smashing could send signals that a rate cut is not needed at all. 2) Non-farm meets expectations, or is slightly below it, and Fed cuts 25 BP. I do not see a 50 BP cut regardless of non-farm payrolls. And the market, I believe, is looking for a 50 BP cut... They may cry like babies when they don't get it. Again, as always, I could be way off in my analysis. I do not claim to be Warren Buffett... But I think my guess is as good as any right now in these volatile markets. With that said, I'm still neutral until, Powell speaks this afternoon.
CME_MINI:ES1!
by Bankuur
1