In the chart above I have provided an analysis for the pennant formation seen in the four hour time frame for QQQ along with channel confirmation. 1. 270 is crucial point for QQQ to hold in order to avoid being pulled into a demand zone on the fibonacci. 2. Spike on the 13th of December confirmed rally top. 3. BREAK OF 270 BEYOND AT THIS POINT WOULD CONFIRM A...
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.
15min Chart 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
Did a flag for USDJPY with a bearish move (sell). 30 Pip S/L Count and approx. 170 Pips for T/P. For FMI (Forex Mastery Institute).
Hi guys, 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....
BITTREX:USOUSD 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...
NASDAQ:TLRY 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 long continuation. 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.
Pair: AUDCHF Timeframe: 4H 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 ————— Trade: Long RISK:REWARD 1:11 SL: 16 TP: 180 ————— 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. 🟣 Purple...
Pair: NZDCAD 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 ————— Trade: Long RISK:REWARD 1:11 SL: 15 TP: 165 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
ETHUSD is making continuation pennant pattern as soon as the upper trend line breaks, will take the entry till target point and stop loss will be near 1600.
Pair: GBPJPY Timeframe: 4H 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 ————— Trade: Short RISK:REWARD 1:8 SL: -35 TP: +270 ————— DO NOT ENTER OUR...