ES/SPY/SPX is currently in a consolidation pattern. The S&P tends to make a big move out of these consolidation patterns once they are given time to play-out. NOTE that these consolidation patterns CAN breakout in any direction AND/OR fake-out in either direction but, observing the weekly price action, Im banking on this pattern being bearish along with the fact...
Purple line 50sma... If we close above this, the next resistance will be trendline at 24 Starting to get overbought on the 1 hour chart and 2 hour chart... Which means unless this is a black swan event we may cool off at 24 until FED minutes... Personally I don't like being short equities, especially swinging when the vix becomes overbought on 1...
Weak Bear Pennant. Flagpole is kinda weak, and the retracement is pretty far- but we could set the pole up to be much longer because SOL has been on a downtrend for some time.
Easy short IMO Bear Pennant retested and failed. DXY finished spring on Wyckoff 4 hour. Accumulation over for DXY.
Huge double forming inside this pennant .. I also notice some large Put orders coming in on the spy between 340-350 Exp late Jan..
Don't be surprised if you wake up in the morning to see a massive red dildo on the gold chart breaking down the wedge. In my opinion, it's very likely. GOLD is absolutely ready for a massive downtrend; it's going to happen very soon, so I hope you are prepared for it! We can clearly see a rising wedge on the 4h / daily charts, which is also an ending diagonal...
The technical figure Pennant can be found in the daily chart in the US company Baxter International Inc. (BAX). Baxter International Inc. is an American multinational healthcare company. The company primarily focuses on products to treat kidney disease, and other chronic and acute medical conditions. The company had 2017 sales of $10.6 billion, across two...
A pennant can be seen on the current market structure. Not disregarding fundamentals, a breakout in a direction gives a minor swing to trade to either the previous supply or demand zone. Take a calculated risk to either directional trading bias after a breakout.
#Week10-11-Strategy-1&2 BULLISH INDICATOR (DEC 28) 1. Bullish HH and HLs 2. Morning Star (Three Candles) formed at the time of analysis 3. The bullish trend line got broken but the price could not break the significant resistance at 1824 4. Chart pattern is similar to a Bullish Pennant and forming, which is a Continuation pattern. The price action is expected...
Halo is showing yet again some positive pattern in price action. Currently building into a bullish pennant (not confirmed) after last week's ascending triangle. If the price action breaks the top of the flag with volume, we may be in for a 36-37% profit. Target #1 on confirmed flag = 79.83$ Target #2 on confirmed ascending triangle = 87.93$ (See link) Stay...
AS I told you before ! NOW take this trade setup and sell on marked points ENJOY!
Hi... . Well, as you can see, in the daily time, the price went up and down in a very big triangle, which is considered a type of compression . Now this downward triangle is broken and suffering. Our expectation is that it will continue to move down as long as the triangle is wide. Good luck :)
In the chart above we are taking a look at CN1! in the 16 hour timeframe. 1. CN1! reaching an end to pennant formation in vital channel support. 2. Previous pennant breaks in current channel level has been bullish in the past. 3. Important to break past 13300 Supply Ceiling . 4. Channel deviation of 500 points . 5. Channel Above = 13800 - 13300 , Current...
This head and shoulders pattern on the weekly chart is almost ready for a breakdown, so this is your last chance to sell XRP and save your money! On the other side, it's a great opportunity to short XRP on the futures market, as I already did at the top of the right shoulder (see my previous idea)! But be careful; XRP is the beast, and I know XRP very well,...
CHFJPY Currency Market formed a pennant pattern. Enter short position at channel resistance level.
Enter short position after candlestick wick touches trend line resistance level.
Bitcoin is bearish on higher timeframes, but on the 4-hour chart, BTC could reach 17,300–17,550 in the near term! There is a massive opportunity to short Bitcoin at the top of two parallel channels or at the 0.618 - 0.5 FIB! We can go straight down to 10k after we reach this important level. From the Elliott Wave perspective, it makes sense to complete the C...
Big Move Coming on GOLD. All details are on the chart. Merry Xmas and happy trading.