Here on the charts I noticed this bearish pennant pattern. showing btc is potentially ready to move lower ...share feedback with your analysis and comments , let me know if you found this helpful.
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...
Hi everyone! The last btc long went fast and was on target (hurray). This play has more risk (under resistance). but 1) R/R ratio is just fine (2.78) 2) clear invalidation (monthly close + prev ath) 3) RSI consolidating at the higher band - usually indicating a bullish consolidaiton 4) so far looks like a bull pennant is forming, with target exactly at a...
Daily- Has a Pennant/Triangle. Expecting Major swing move after breakout.
Ostensibly SSE in a macro triangle formation. In this scenario we typically find peaks at 786 relationship of one another, At times we find the last leg falls shy of the 786. ** Please not the idea conveys only a potential pattern and how it may complete, and is not intended as a projection of future price action which relies on many factors that patterns and...
Stock analysis for SUMITOMO CHEMICAL IND LTD keep watching add to watch list price falling each time when touches to upper trend line with conforming signal by RSI falling when it touch to 70 again price is testing upper trend line and RSI at 70 from here we can expect down side move in stock to lower trend line if price successfully closes above upper trend line...
CTRA . Weekly TF. Pennant pattern. Buy on breakout the pattern. TP1 1345, TP2 1625, SL 790.
Based on technical factors there is a Long position in : 📊 LUNAUSDT Luna 🔵 Long Now 6.50 🧯 Stop loss 3.90 🏹 Pennant Target 12.75 💸Capital : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
The US dollar-Chinese yuan pair ( USD/CNH ) has been trading on a bullish pennant pattern since April of this year, and is currently testing the critical 7.00 threshold, which corresponds to the close of July 2020 and 78.6% Fibonacci retracement level (2022 lows to May 2020 highs). Following the PBoC's decision to reduce Chinese domestic banks' forex reserve...
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....
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...
ETHUSD 4hr chart is currently forming a Bullish Pennant. This is a continuation pattern typically and is formed by an upward sloping trend line along with a downward sloping trend line. Forming Lower Highs with Higher Lows until a point of convergence or break out. Often this pattern remains valid if fully formed with in 30 trading sessions or less. To...
Eth is trading inside the Pennant now after the run up, if it breaks towards the Upside. I except the price to reach 2142$/ETH We are in a HH and HL market. Entry Point would be after the pennant breaks with enough candle volume to close it below/above it. Depending on the move you can Short/Long the situation. But in my opinion ETH seems bullish considering...
VIX trading in a bullish pennant pattern. We have seen two really nice bullish bounces off the support trend line in this pennant pattern. I expect this next support line touch to be nothing different (assuming VIX touches support). VIX targets: 25.41 resistance first, then follow-through to 28.93, eventually reaching the top of the upper bound of the pennant...
Long Term Structure --- 2-3 ~$24 Target push play Oversold bottom of pennant great long term buying opportunity - NFA
There's plenty of research that can be done on why I am fundamentally holding this long term. It's getting into zones I am comfortable adding to the position. There are outside forces that have kept this stock beaten down for many years as they are the major big tobacco killer, as a micro-cap. My outlook is that when the switch flips and tides turn, this stock can...
Maybe a bottom maybe a continuation pennant. We don't know. Maybe just sideways. Best to let the market tell us what it wants to do.
Pennant repeats previous pennants behaviour. Simple pattern TA.