Uptrend Observation:
The first notable aspect of NSE:FSL stock is the sustained uptrend it has displayed over a significant period. This bullish movement is characterized by higher highs and higher lows, indicating a strong buying interest in the market.
Identification of Pennant Pattern:
A Pennant is a technical analysis pattern that resembles a small...
NSE:ONMOBILE Is forming Pennant. The trade should be taken only after confirmation of pattern that is after closing of candle above pattern. Target and stoploss for the same are given
IOTAUSDThad a false breakout from its daily resistance level and is currently consolidating below it.
The market is creating a pennant, which is a common technical chart pattern that can indicate a potential continuation or reversal of the current trend.
Traders who follow technical analysis may be watching for a breakout from the pennant pattern to signal the...
GRTUSDT is creating a pennant below the 4-hour resistance level, following a previous bull run.
A pennant is a technical chart pattern that is formed when the price moves within converging trendlines, forming a symmetrical triangle shape. The pattern is characterized by a sharp price move in either direction, followed by a consolidation phase where the price...
As per the previous idea, ETHUSDT had a nice impulse, indicating a potential uptrend in the market. Currently, the price is creating a pennant on a weekly key level, which is a significant level for traders to watch out for.
A pennant is a technical chart pattern that is formed when there is a sharp price movement, followed by a consolidation phase and then a...
Link 2H timeframe have entered a bullish pennant formation, before getting rejected at $8.5 area and channelling prices within the chart pattern.
The structure of the strategy is intact, waiting for LINK to break out from it very soon
The price is in the accumulation phase between two daily structures, 1$ and 1.4$.
On the 4h timeframe, the price is creating a pennant and had the market had a false breakout from the channel on 1.5$, it got the liquidity in order to retest the support.
How to approach it?
The price needs to create a new breakout from the daily resistance and 4h resistance.
it...
The price is creating a pennant above the Weekly support of 0.51$, in that area, the market created a demand zone (0.48$) so the price could grab new liquidity from it.
How to approach?
IF the price is going to lose the 4h support on 0.54$, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly...
The price is creating a pennant on the key level after a clear rejection from the 8.8$ area. and retested the 0.618 Fibonacci level as new resistance
How to approach?
IF the price is going to have a breakout from the pennant and retest the key level as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple...
The price is creating a pennant on the 4h timeframe. The market is creating higher low higher high, it means that the we are in consolidation phase.
Usually Pennant is a continuation pattern.
How to approach it?
We are monitoring the 19.5 support where the price created a equal lows. so if the price is going to have a breakout and retest this support as new...
Going into the new week, the weekly MACD is breaking down again and RSI looks like it needs to go lower still into oversold. We've been in a nasty bear market for a few months now even if people don't admit (long-term still bullish but testing supports)
Here are volume profiles showing demand zones at 2600 which we are now falling from and the next zone is down...
The market got a rejection exactly from the weekly resistance of 0.29$ and the price is going to create a pennant on the daily timeframe.
On the 4h timeframe, the price is going to retest the 0.25$ resistance on the M's neckline. As you can see on the 4h timeframe (the lower one) the price created a double top of 0.29$.
How to approach?
We could see a pullback...
If confirmation happens, it looks like something big is about to happen right?
By the book, it's called a Bullish Pennant!
What is a bullish pennant? A bullish pennant is a technical trading pattern that indicates the impending continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates...
Disclaimer: *This idea is based on the observation of the formation of the Pennant pattern, I could be wrong. Don't enter a trade based on this idea. Do your own research.*
Chart Pattern: Bullish Pennant Pattern
EMAs: 20 - 50 - 100 - 200
(TF - 4h)
ENJBTC is testing the daily resistance inside a pennant. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure...
