RKDA price flying around, ready for major movementSome crazy movement over the past couple weeks. Breakout coming very soon. PT $7.40
Flag-breakout
Possible bullish flag breakout on TGTIf price action closes above flag's upper resistance level, expect a possible retest of resistance to establish support and then a bullish continuation. NYSE:TGT
HIL LTD Short term Positional CallHil Ltd Trading technical call for Short-term
CMP: 1710, Closing based SL 1489, Targets 1830 1900 1970
(Lifetime High Close)
Educational purpose only
Practical Exercise - The Flag PatternThe Flag Pattern is derived from the concept from Elliott Wave and a breakout technique.
Practical Exercise
1) Identify a corrective move that look like a Flag Pattern, it can be any currency pair, any timeframe.
2) Record down where does price move after the completion of the Flag Pattern, and how far it travelled.
3) Post your exercise on the comment section in the thread.
4) Repeat this practice to gather a total of 10 examples.
eurusd bullish week ahead every thing illustrated on chart
all i can say is trade careful on what u see not on your thoughtful wishs
stay green all
WCG IDEA - The flag breakout in an uptrendThe flag breakout in an uptrend with AB=CD most probable formation
EURGBP - Consolidation Lead to Expansion The EURGBP is currently in a state of sideways movement which is called consolidation. Consolidation leads to expansion, so as i analyze this price chart they question that I want to ask myself is
IF Price action breakouts out to the ___ side
THEN where is it likely to continue to.
Doing so will allow me to see if there is enough potential profit (with limited risk of course) to create a trading opportunity.
This pattern formation is called a bearish flag and it traditionally breaks out to the downside. However, because the consolidation occurs at a previous level of structure, I's fair game either way in my opinion.
Akil
"Today is the start of our busy news cycle. Be safe out there traders!"
EURUSD Long-termi think it will go more down to 1.1620 before breakout this flag ,
after the breakout we will go to 1.1960 then 1.2020 ,
AUDCHF LONG DAILYFlag pattern and respecting 50 period moving average. if pattern breaks out of the consolidation pattern I will buy. Failure to break to the upside I will leave the trade.
Measured move is upto the 0.83ish handle. with SL moved to BE after 50% of the move completed.
Red to GreenI think it will go red to green for today, and get between 95 and 102 and then possibly once it gets there to the previous high that will complete another cup and it might red to green again to the earlier previous high between 113 and 125, I'm in and willing to hold a day or two to see what happens.. I like this for at least $1 and more than likely 105 - you agree?
*sidenote. . the newest cup may be wider than what I have on here
Gold : Bearish Flag Formation, Breakout Nearing ?!As usual, our style of Trading : Downside Breakout only if bearish flag works in XAUUSD
But its bearish flag, so prefer downside Breakout
We Enter Breakout direction with proper stops
On False Break , Reverse the trade
During volatile times there will be single directional breakouts only
NYMX - Potential Long at the break of $4.50 NYMX seems forming a nice flag formation. We discussed an intraday long opportunity on Thursday trading-room. Now we are keeping it in our watch list for potential long if it breaks above $4.50
* Trade Criteria *
Date first found- April 10, 2017
Pattern/Why- Potential Flag formation
Entry Target Criteria- Break of $4.50
Exit Target Criteria- N/A
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AUDNZD Elliott Forecast & Flag Breakout TradeAt the moment, in the big picture we are forming an ABC zigzag correction pattern which will take us into the 1.07408 area in which price will continue upwards. For now we can short down to this level by taking flag breakouts in favor of the downside. We have just closed below an ascending triangle on the lower timeframes and this has lead me to go short taking conservative targets @1.08240.
I may, however, trail stops with structure if the AUD interest rate decision causes more bears to step in.
Bitcoin ($800) Breakout on Triple Bottom Momentum!! or just a sad pipedream that results in a rectangle top...
I am bullish BTC short, medium and longterm...
Always have, and will be for the foreseeable future...
Comments are welcome... Join the Flag party only if you dare.
Price Target $800
GOLD - Buy is coming !!!Let's monitor it and always wait for a correction before getting in.
It gives you more confirmation it's going and better risk to reward.
CADCHF 4H Chart.Sell the flag breakoutHello guys , looking to sell the flag breakout , if price break the previous high invalid idea.Take care .
CADJPY Long: Bull Flag Rally into Wave-(v)Hey traders! CADJPY is producing a nice bull flag and is likely wave-(iv)-of-((c)). That would mean that we have another rally coming before it's time to start looking for shorts. I have target set to the A=C level with SL beyond the point which would invalidate the triangle. Setup is valid unless new highs are made before triangle completion or if invalidation level is breached.
Eurjpy : Flag Breakout & Elliot wave countHi Guys,
We have simple 5-wave count & flag breakout setup in EURJPY to hop on further upside movement. In the waves counted above wave (4) & (5) are drawn on assumption. If Eurjpy alters its path,we may need to re-count the waves.
Anyway look for flag breakout whichever side its & enter with proper stops.
Note : Though current candle is breaking out, ensure the breakout before entering
Happy Trading ! Feel free to leave your comments...
$BLUE flag breakoutBio stocks have been running these past days and this one formed a flag. I'm looking to go long on it tomorrow
