This pattern is usually associated with a breakdown. Given that the pattern is forming on the weekly time frame, if the breakdown is confirmed, I expect a significant drop in price.
Trade setup : After massive gains (>100%), price briefly consolidated in a Bullish Pennant pattern. Now price appears to have broken above the Pennant resistance (bullish) line to resume uptrend with upside to $2.75 resistance zone. Pattern : Bullish Pennant - forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price...
Bearish pennant pattern is formed in AUDJPY. Indicating a downward move trend continuation.
Buyers are advised to wait for a bullish breakout of the accumulation triangle, and form a bullish pennant pattern and go long till the projected staff of the flag. Sellers are advised to wait for a bearish breakout of the triangle, and formation of a ascending wedge pattern and go short till the projected price of base of the wedge.
Bitcoin was able to make a Bullish 🏁Pennant🏁 Pattern. I expect Bitcoin will go up at least until the trend lines after breaking the resistance line. Bitcoin Analyze ( BTCUSDT ), Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to...
Smart idea: SHORT from 300 1. Pennant may continue with a downward break-up 2. Head & Shoulders pattern 3. Fundamental event: launchpad unlock at Binance
Continuation Pattern: - Bearish Pennant MACD turning Bearish In line with EMA bearish trends Continuation pattern Technical indicating strong sell High probability
Analysis of #AUDCAD Hi traders, today we will have a look at #AUDCAD The AUDCAD also broke out of its resistance structure level as you can see, and the perfect way of trading now is to look for a trend continuation pattern such as a Flag pattern, or wedge pattern, Triangle pattern, or wait for the market to come and test the previous structure support now...
Trade setup : Price got rejected 4x at $0.27 resistance zone. Pullback near $0.15 support (also 200-day moving average) could be a swing entry in Uptrend with upside potential back to $0.27. Chiliz is a digital currency for sports and entertainment, powering the world’s first blockchain-based fan engagement & rewards platform Socios.com. Recently, there’s been...
TWT is a great token, but it looks like the price is too high at this moment, which is why I recommend buying the dip at lower levels! As you can see, the chart is printing a descending triangle at the top of the uptrend. This is definitely not a good sign at all. Descending triangles have a higher probability of breaking down. I made a descending parallel...
From November 21 to November 24, we had a pretty nice uptrend. It lasted only 3 days, and the structure of the uptrend is bearish. As per my Elliott Wave analysis, it was an ABC correction because I can see only 7 waves, which is a typical correction with an extended wave A. Bitcoin is the most bearish asset, and it's absolutely a pleasure to short Bitcoin or...
Bitcoin seems to be forming a downsloping pennant pattern. Although this pattern is not very common, it seems to be forming. This pattern is usually associated with the continuation of the downtrend. Wait for the breakout of the pattern
Bitcoin seems to be forming a downsloping pennant pattern. Although this pattern is not very common, it seems to be forming. This pattern is usually associated with the continuation of the downtrend. Wait for the breakout of the pattern
After massive Spill, SOL looks rather bullish, breaking to the upside of a more than two weeks long symmetrical triangle. Does this mark the start of a Bull run for SOL?
I'm still bullish on ETHUSD (Ethereum).
Zensar technologies trading in bearish pennat pattern. It may go down. This is not call or suggestion. This is only my study analysis.
Sol in a Bull Pennant Measured move Matches previous resistance. Great Long Opportunity If you check Daily MACD also its flashing huge buy signal
Price action and chart pattern trading signal > A bullish scenario 4-wave triangle with a local bullish pennant breakout in triangle formation - D-wave uptrend > price bullish momentum SMA20 X SMA50 and MACD X baseline > Target 5 wave @ bullish pennant pattern = 1.618 extension of current 4-wave +50++% from expected E-wave support line. > Stoploss @ C or A wave...