GBP/USD reached a near-term low on November 10th at 1.1334. As the US Dollar continued to move lower, GBP/USD continued to move higher. The pair reached a high of 1.2034 on November 15th and pulled back in a pennant formation on the 240-minute timeframe. As price reached the apex of the pennant, it broke out to the topside on November 22nd. The next day,...
What we have here is a very LOOONG pennant on VXX. We already had the breakout back in September and since then have created a whole pennant for the retest of the breakout. From how things look now, the apex of the smaller pennant is due to breakout no later than November 22. The yellow rectangles are gaps within the price action. The retest has a gap to be filled...
LINKUSDT spiked closely @ TP1 which is a harmonic AB=CD pattern target from a breakdown of the prior low 1M candlestick inside bar. Reacting now from the volume POC. A complex Head and Shoulders can be validated after a pullback to neckline. Plus potential bullish Butterfly target.
penny stocks to buy now
Hisar Spinning Mills
Monthly trendline breakout and successsful retest also done.
Can do 40-50-60-100+
Views are for education only.
Ascending Triangle breakout and retest
Take Long position from the levels specified.
Keep stop loss as specified
Ride the trend with trailing stop loss
AB=CD completion of 100% on daily timeframe
continue TP as per fib extensions for long-term
Flags and pennants are patterns that I find are overly relied upon in crypto, and they often fail. I like this forming pennant, however, when coupled with the market sentiment. In particular, XRP has been on fire and we are testing a major psychological level at $0.50. I wouldn't long resistance - But I am already in a along position since low 40s. If I wasn't, I...
Algo has been forming a bullish pennant structure on the 4H time frame.
Depending on how it breaks the structure, we might see strong price action.
Right now it seems to be breaking the bullish trendline on the downside.
Remain cautious and operate with tight stop loss
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
A couple of days ago I made an analysis on LUNC/BUSD, where I pointed out that a Bullish Pennant pattern is forming on LUNC/BUSD chart.
(Watch my previous Analysis)
The Price of LUNC successfully breakout the Pennant pattern in upward direction & moved to a new All Time High.
That's a 70%+ profit.
Congrats if you took entry after the breakout....
USO having retraced down from its high at resistance above
its uptrend until bouncing off a retriacement Fibonacci
level is now poised to rebound up until at least hitting
the respective Fibonacci levels of that move. This
appears to be a bullish pennant now ready for
a continuation / breakout.
I see an immediate term upside of 10% and...
This is a move I've been anticipating since this range formed late last month.
There's a 100 pip gap in resistance sitting right above this range, I have a feeling that's where we're headed.
This is a straight forward supply & demand setup!
I'm anticipating a spike tomorrow morning
If price closes below the lowest low in this range before price hits one of...
TLRY had 10% price range today' and finished with a Bullish Pennant
on the 15-minute chart. Accordingly, it is set up for an entry for the
TLRY showed momentum today by breaking above the double top
in the price action last week.
The uptrend is supported by bursts of relative volume beyond
the moving average of volume.
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, consolidation period
Key Takeaway: Need to see a break of resistance, already seen a break of trend line
Level needed: need a close by 0.67220
DO NOT ENTER OUR SETUPS...
the price is creating a penannt below an important resistance at 0.066 weekly resistance.
The price bounced on the 0.5 Fibonacci level.
How to approach it?
IF the price is going to have a breakout from the pennant and weekly resistance and CONFIRM the weekly support, According to Plancton's strategy , we can set a nice order
Keep in mind.
Timeframe: 4H, 2H
Analysis: Round number level, trend line, volume profile, resistance, pennant
Key Takeaway: Need to see a breakout of high volume level and pennant pattern
Level needed: Need to see price close by 0.80935
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Analysis: Round number level, trend line, volume profile, support + resistance, pennant break
Key Takeaway: Need to see a re-test of trend line and then bearish momentum down through next level of support
Level needed: Need to see price hit 163.965
DO NOT ENTER OUR...