- On the chart we can spot an Impulse Elliott Wave and ascending parallel channel! - As you can see we are currently at the 5th wave to the upside, which can be huge! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - The coin started this uptrend by the...
- On the chart we can see a falling wedge pattern, which is a bullish pattern. - 0.618 FIB acts as a strong support - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Similar analysis to my GBPJPY analysis I just published, but market formed head and shoulders pattern by trendline and shot up then consolidated towards the end of last week. I'll be looking for a continuation of th3 upward move.
On days like today when the price is going up, I want to buy back in from stablecoins, but my anaylsis is telling me that the downward trend has not yet been broken. I'm waiting the trends to have a clear sign of reversal in the pennant or channel.
Eurusd is forming bullish pennant continuation pattern. For confirmation enter at the break of above trend line structure signaling continued moment
- This is my technical analysis for BTC.D - as you can see, we are currently breaking out of the descending channel. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
First the reversal Then the setup Wait for retest Finally RIDE the wave up -LarenzoYouDork 💔
My reasons for taking a short trade here: 1. Price has broken out of a bigger structure (an ascending channel), theres a 90% chance of it going to the bottom of structure 2. Downward trend which has created a rising wedge which is a reversal pattern 3. Price has broken out of the rising wedge 4. Downward move followed by correction which creates a bearish pennant.
Bulish pennant forming after we will see bulish trend Target price $25
Looks like a mini pennant pattern with a $1 upside in the near term.
ZBRA : Ascending triangle forming on Zbra. To avoid fake breakout, wait for a move above 518 to enter a long position. Potential move of usd 90 to the target zone mentioned on the chart. Note that the pattern can fail if the overall market drops. Trade safe.
- Avalanche AVAX Rank #11 Coin on coinmarketcap. - The price is above the All Time High level, which is of course very bullish. - We have a huge parallel channel, can serve as a resistance on the top. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If...
Trade Setup: Stock making a round bottom. EMA's slopping upwards. Weekly: Crossed 10 year resistance. Took support on trend line (thick pink line). Broke trendline (thin line), retest done, and bounced again. Entry = 319.80 INR SL = below 268 INR (on weekly closing basis) Target = 393 INR (T1) and 453 INR ie; Fib levels (T2) and 493 INR (T3). For T2, T3,...
We are forming a daily chart bull flag pennant on OSCR. With the recent 5-5.5 rise in this stock look for a continuation to probably 22-23 range if we break resistance at 18.5
Daily & 4H down trend. Price at major daily Support level (Head & Shoulder Neckline). Price pulled back to 23.6% on 4H Fib. Starting to form 1H & 4H Bearish Pennant. Expecting price to break Major zone and start Daily Head & Shoulder breakout.
Hi guys! 👋🏻 🔔 FOMC announcements are important today. The most important note expected from the FED Chairman would be announcement of the tapering asset purchases by the FED. The no-clue tapering asset purchases date might play a negative role to the US Dollar Index and since there will be a volatility, USD/CAD may jump to $1.2890 level and retrace to $1.2720...
This pennant has not signaled which way it'll break out, but it's imminent. A solid breakout in either direction would go about 3.5% from the break point, based on the size of the pennant. If I had to guess, I'd say there's a higher probability of a downside break (long term charts, currently in a downtrend).
There is a medium-term swing trading opportunity presented by a bearish pennant on the daily chart of XPD/USD (Palladium CFD). It provides a bearish breakout trading setup. The pennant and its pole are marked with the yellow lines. My potential take-profit level is marked with the green line (1641.16). My potential stop-loss level is marked with the red line...