If we break upwards this was just some healthy consolidation, and we could very easily see another big leg up. I'd expect some resistance in the $3.12-.16 and $3.25-.33 areas. I don't have any hard price targets as I'll be playing this mostly by watching the Moving Averages.
Consistent buying, huge competitive moat, sharp drops fueled mostly by news. Strong support around $1,700-1,800 and resistance at $2,000. Expect consistent upward bounces to $2,000 until Summer 2020 breakout when the pennant fulfills especially of the 200 day follows it. Amazon's attempts to get by $2,000 has been undermined by obvious macro factors. Expect this...
Likely return to volatility within Range C. Recent drop places 200-Day below current level, possibly causing a retest of $250-270. Likely more buying opportunities as many ring the register but this Earnings based confirmation of the Range C trading levels confirms the long with enough volatility to trade it. China Gigafactory, improving trade deals, etc, many...
Gold (XAUUSD) is too "choppy" to enter a trade. Do not buy or sell until a breakout occurs.
This pennant has found strong support on the 200 day. An early breakout attempt (orange oval) failed but it was supposed to since it was early. I expect a jump over $10,000, either from inside the end of the 200-day supported pennant (orange triangle) or off of the 50-day. When that happens, expect a cascading Bull parade as it will cause at least one Golden...
For now i cannot say the direction to which BTC will be breaking the pennant. If it breaks upward, we will be possibly passing $10,607 and if it breaks downward we will be passing $8,232. It is worthy of note that there is also an existing channel on the Daily time chart; and the question is if we will break it or visit the $6,000 region.
- Pennant chart pattern formed indicating a bullish continuation of trend. - Wait for confirmation candle - On the W1 timeframe price is respecting the 61.8% level - H1 timeframe is showing an uptrend and price retraced within the pennant. - We are looking for price to break outside of the pennant and retest it before entering the trade
Chart shows all. Got a channel with pennant forming near bottom TL. Approaching tip of pennant, must break one way. If break is up, can go to 29K by Jan 2020. If down... bottomless pit. Foolish optimism on trade driving another huge gap; is it an Exhaustion Gap? Or Gap & Go? If Initiation Gap, then we gonna get a breakout; but all gaps fill eventually. R/R so...
This pattern hasn’t been playing out so often, perhaps because the bears have been so strong. However on the 4 hour the pattern looks strong. Let’s see what happens over the next 12hrs. Fingers crossed, hopefully only a correction from the move up after the inverted head and shoulders played out. Did the EMA cross, if so need I say anymore?
USDCAD PENNANT PATTERN WITH WAVE 4 TO WAVE 5
LSIP has confirmed build a pennant pattern and have a chance to hit it's first target at 1300 to 1310 in daily time frame. Sell if price bellow 1150.
We can see on the half hour graph that USDTRY is forming a second pennant formation. We have to wait and see other indicators to support this move such as Parabolic SAR and RSI. Moving average is crossing the bollinger middle band as I'm publishing this. Volume is getting higher in each stick forms. Also bollinger bands narrowed down for a move. Target of this...
Hey tradomaniacs, welcome to another free signal! How to trade: 1. Wait for the breakout below the trendline and watch the retest carefully. 2. If we reject and bounce off you can sell. 3. If we see a fakeout - Don`t trade! ----------------------------- Type: Daytrade Sell here: 79,884 Stop-Loss:...
At this moment GBPJPY is at the sell zone, having that said on the 1-hourly chart(left) the market has breakout towards the upside of the consolidation pattern, the pennant which happens to be 1 of my favorite setup. If the market breakout to the upside where is it most likely to go? The tip of the sell zone and the bearish shark entry price. What's your trade...
Hey tradomaniacs, welcome to another free signal! Important: Wait for the break below the green diagonal support and sell! ----------------------------- Type: Daytrade-Swingtrade Sell: 1,11813 Stop-Loss: 1,12084 Target 1: 1,11408 Target 2: 1,11126 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and...