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Pennantbreakout

US500 3044.3 -0.48% LONG IDEA GOOD DAY EVERYONE... HERE'S AN IDEA ON THE S&P500, U.S STOCKS OPENED LOWER TODAY PROBABLY DUE TO INVESTORS BEING CAUTIOUS WITH EVERYTHING HAPPENING IN THE U.S - COUNTRYWIDE PROTEST AND THOSE TENSIONS BETWEEN THE U.S AND BEIJING. > ON FRIDAY U.S STOCKS FINISHED SLIGHTLY HIGHER AFTER PRESIDENT TRUMP ANNOUNCED AGAINST CHINA IN RESPONSE TO NEW LEGISLATION THAT WEREN'T THREATENING TO THE U.S ECONOMY AS INVESTORS HAD FEARED. > US500 IS STILL TRADING IN THAT ASCENDING CHANNEL WE SEE A FORMATION OF A PENNANT, LOOKING AT TWO POSSIBLE SCENARIOS ON THE STOCK. > IF WE BREAK ABOVE THE PENNANT LOOKING FOR LONGS ON THE STOCK AND A BREAK BELOW LOOKING FOR A RETEST OF SUPPORT LEVEL 2988.7 ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING
ULong
by PULEMokhothu
USD/CHF Price Action Pattern OPPORTUNITY!!Hello Everyone, Here we have very well pennant pattern sample on #USDCHF. If price breaks to the upside of pattern, we can look forward for long position, If breaks reversely then short position is also possible with nice rewards. On Daily Chart , trend is up, so mostly we will see the pennant broken out through upside, according to the normal behavior. After breaking of the pennant, please look at for more verification and after taking profit-1, it is strongly supposed to bring your stop loss to the break even point. Please note that the ideas are not a recommendation for trading !Good Luck!
by Happy-Lion
1
USD/CHF - Clear Correction & Impulse Move Incoming! I've pinpointed where in the past price has respected this pennant chart pattern, indicating the breakout is indeed validated DXY Dollar index is continuing to show bearish sentiment after reaching 100.0 level, indicating a further drop off Previous demand zone has broken, confirming further bearish bias, although pullback may occur before an impulse is created Let's wait for clear retest of broken demand and see how price action reacts! :)
Short
by AI_Expert_Advisor
2
KTOV announcement soon???Kitov Pharma plans to launch sales of Consensi in the US in May 2020, according to a March press release. "Company’s marketing partners in the U.S. plan to commence selling Consensi in May 2020. Kitov expects to receive between $28 million and $36 million in milestone and royalty revenues from 2020 through 2022." It is easy to see that the past two months of uptrend are because of the anticipation of this launch. AH/PM we have seen an 8% price increase which is always a good sign for a continued bullish trend. A textbook bull pennant is forming on the hourly chart. This has already broken out of the pennant in PM to the 0.236 Fib. I will be looking for entry after the break of the .50 resistance. Expect heavy resistance at .55. Looking for PT1@.65c PT2@.75c.
KLong
by Crispier-Bacon